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Latest news from trusted sources around the world

Korea’s Pension Fund Raises Domestic Stock Target as Kospi Soars
Economy Bloomberg
Korea’s Pension Fund Raises Domestic Stock Target as Kospi Soars

South Korea’s giant pension fund sharply ramped up its allocation target for domestic equities, a move that may help it avoid forced sales of Kospi …

Economy Financial Times
Wes Streeting’s uphill challenge to stop Andy Burnham

Former health secretary must prove his offer is distinctive — and that it is worth having a proper leadership race

China AI Upstart MiniMax Doubles Sales Ahead of New Model
Economy Bloomberg
China AI Upstart MiniMax Doubles Sales Ahead of New Model

MiniMax Group Inc.’s annualized revenue more than doubled over the past two months to at least $300 million, as the Chinese AI upstart prepares to …

Economy Financial Times
US and Iran exchange fire amid increasingly strained truce

Official says American forces shot down Iranian drones in move that prompted retaliation from Tehran

Economy Financial Times
Payments group accused of being ‘Chinese backdoor’ moves staff out of China

Australia-founded Airwallex is pursuing US expansion amid intensifying rivalry between Washington and Beijing

Economy Financial Times
Semiconductors: supercycle or superbubble?

Plus, semis’ fragile supply chain

Economy Financial Times
Australia sues Post-it maker 3M over ‘forever chemicals’

The $1.4bn case against the US company is largest filed by Canberra

Copper Prices Swing as Gulf Strikes Dampen Iran Deal Optimism
Economy Bloomberg
Copper Prices Swing as Gulf Strikes Dampen Iran Deal Optimism

Copper swung between gains and losses in a mixed session for metals, after the US carried out fresh strikes in the Persian Gulf and a …

Oasis Says Japan Proposal on Shareholders Hurts Retail Investors
Economy Bloomberg
Oasis Says Japan Proposal on Shareholders Hurts Retail Investors

Japan’s plan to tighten the threshold for shareholder proposals would hurt retail investors while having little impact on institutional activist investors, said Seth Fischer, the …

Chinese Coal Disaster to Ripple Through Steel, Power, Chemicals
Economy Bloomberg
Chinese Coal Disaster to Ripple Through Steel, Power, Chemicals

The Shanxi coal disaster is likely to hit Chinese output in the short term, raising costs for steelmakers, power plants and chemicals manufacturers.

Economy Financial Times
India’s Modi drops eviction bombshell on colonial-era elite club

113-year-old Delhi Gymkhana Club ordered to vacate premises as prime minister targets establishment bastion

Economy Financial Times
Nvidia chief Jensen Huang to join board at prestigious Beijing university

Chipmaker boss’s move to join Tim Cook-chaired board underlines push to maintain ties with China

Economy Financial Times
Google engineer charged with insider trading on Polymarket

Employee allegedly used account name ‘AlphaRaccoon’ and amassed more than $1mn, charges say

Gold Slumps to Two-Month Low as US Strikes Damp Peace Talk Hopes
Economy Bloomberg
Gold Slumps to Two-Month Low as US Strikes Damp Peace Talk Hopes

Gold fell to a two-month low as clashes between the US and Iran risked derailing peace talks and kept inflation risks high, while a stronger …

Economy Financial Times
‘China-maxxing’ helps spur an inbound tourism boom

Beijing has found an economic win by drawing more international visitors to the country

Stocks Hit Record Highs After US-Iran Deal Reports: Markets Wrap
Economy Bloomberg
Stocks Hit Record Highs After US-Iran Deal Reports: Markets Wrap

Wall Street traders sent stocks to all-time highs, bonds advanced while a rally in oil waned amid speculation about a diplomatic breakthrough in the three-month …

Oil Pares Gain on News of Possible US-Iran Pact to Extend Truce
Economy Bloomberg
Oil Pares Gain on News of Possible US-Iran Pact to Extend Truce

Oil pared gains on a report that the US and Iran have reached a preliminary agreement to extend the ceasefire between the two countries and …

Economy Financial Times
Trump says rising economic costs will not force him into Iran deal

President’s comments come as hopes of an agreement to end the war push oil prices lower

Economy Financial Times
UK risks ‘lost generation’ without more jobs for young people

Report calls for reform of schools and welfare system to tackle rising youth unemployment

Google Engineer Charged With Insider Trading on Polymarket
Economy Bloomberg
Google Engineer Charged With Insider Trading on Polymarket

A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s …

BlackRock's Rosenberg on Fed Rates, IALT ETF Strategy
Economy Bloomberg
BlackRock's Rosenberg on Fed Rates, IALT ETF Strategy

Jeffrey Rosenberg, portfolio manager of the iShares Systematic Alternatives Active ETF (IALT) at BlackRock, explains how the ETF is navigating the current economic environment on …

Economy Financial Times
The world comes to Xi

Foreign officials have flocked to China’s leader this year, boosting Beijing’s efforts to portray itself as a pillar of stability

KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’
Economy Bloomberg
KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’

KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early …

Fed's Cook Says She's Ready to Raise Rates If Inflation Lingers
Economy Bloomberg
Fed's Cook Says She's Ready to Raise Rates If Inflation Lingers

"The risks remain tilted toward higher inflation," Federal Reserve Governor Lisa Cook says during an event at Stanford University. (Source: Bloomberg)

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