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Latest news from trusted sources around the world

Oil Rises After Three-Day Drop With Iran-US Talks in Focus
Economy Bloomberg
Oil Rises After Three-Day Drop With Iran-US Talks in Focus

Oil rose, snapping a three-day decline, as Iran’s comments on uranium and the Strait of Hormuz pared earlier optimism over progress in peace negotiations with …

What to Know About the SpaceX IPO
Economy Bloomberg
What to Know About the SpaceX IPO

Elon Musk gave the financial world a lot to ponder as SpaceX made public its plans for an initial public offering. The IPO is poised …

Workday Rallies After Results Quiet Fears of AI Disruption
Economy Bloomberg
Workday Rallies After Results Quiet Fears of AI Disruption

Workday Inc., a maker of workplace management software, posted better-than-expected results in the first quarter, helping quell concerns that the company will be disrupted by …

US Races to Create Domestic Rare Earths Supply
Economy Bloomberg
US Races to Create Domestic Rare Earths Supply

Tripp Hornick, principal at Quince Street Strategy, said that the US allowed the mining and manufacturing of rare earth elements to be pushed overseas because …

UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure
Economy Bloomberg
UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure

UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening …

Economy Financial Times
Walmart says customers are rationing petrol as Iran war hits wallets

US retail giant’s shares plunge after saying it absorbed higher fuel expenses to hold down prices for consumers

Economy Financial Times
DNC autopsy says Biden White House to blame for Harris loss

The party’s lack of unity caused party to haemorrhage voter confidence, according to the report’s author

Economy Financial Times
Trump abruptly postpones AI order after White House infighting

President refuses to approve order hours before planned signing due to fears US innovators will lose out to China

Lone Star Weighs Sale of Lender IKB After Nearly 20 Years
Economy Bloomberg
Lone Star Weighs Sale of Lender IKB After Nearly 20 Years

Buyout firm Lone Star Funds is in the early stages of exploring a sale of IKB Deutsche Industriebank AG nearly two decades after investing in …

Economy Financial Times
TfL voices concern over robotaxis as ministers invite bids

Officials say more work is needed to show self-driving vehicles will bring ‘net benefit on safety’

Economy Financial Times
Closing tax loophole for oil groups will fund cost of living package, …

Chancellor sets out sweeping package of measures aimed at helping businesses and families

Economy Financial Times
Trump’s egregious deal with his own justice department

Anti-lawfare fund could offer payouts to president’s allies and Capitol rioters

SpaceX Challenges AI Rivals for Control of $26.5 Trillion Market
Economy Bloomberg
SpaceX Challenges AI Rivals for Control of $26.5 Trillion Market

SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, positioning itself to wrest business from …

Trump Advisor Predicts Gas Price Drop
Economy Bloomberg
Trump Advisor Predicts Gas Price Drop

Jarrod Agen, Executive Director of National Energy Dominance Council and President Trump's energy advisor joined Bloomberg Open Interest to talk about how gas prices will …

For Bitcoin ETF Holders, a Market Recovery Is a Reason to Sell
Economy Bloomberg
For Bitcoin ETF Holders, a Market Recovery Is a Reason to Sell

Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in …

Economy Financial Times
AJ Bell boss warns of Isa reform ‘black hole’

Investment site says proposed rules could deter first-time investors

Economy Financial Times
Turkish court removes leader of opposition

The country’s stocks fall 6% on move that could hobble President Recep Tayyip Erdoğan’s main rival

Economy Financial Times
Six takeaways from Musk’s 200,000-word planetary vision

Elon Musk’s rockets-to-AI conglomerate lays out its ambitions

Economy Financial Times
Turkey passes tax amnesty as war strains economy

Package of incentives is designed to support struggling exporters and lure foreign companies

Economy Financial Times
Senators seek to curb US Treasury’s ability to fund foreign allies

Bipartisan bill aims to restrict Scott Bessent’s use of $219bn Exchange Stabilization Fund

Economy Financial Times
Post Office replaces Fujitsu after Horizon scandal

Accenture and OneView Commerce win £500mn contracts to run and create alternative to notorious IT system

Deere Shares Tumble With Farmers Facing ‘Ongoing Challenges’
Economy Bloomberg
Deere Shares Tumble With Farmers Facing ‘Ongoing Challenges’

Deere & Co. shares fell sharply as farm machinery sales stayed sluggish, raising questions on when the agriculture economy will start getting better.

Codelco Copper Overstatement Implies Output Sank to 27-Year Low
Economy Bloomberg
Codelco Copper Overstatement Implies Output Sank to 27-Year Low

Codelco’s overstatement of copper production in December implies that last year’s annual output fell to the lowest level since 1998, eroding the Chilean company’s claims …

War Weighs on Global Growth With Inflation Worries Intensifying
Economy Bloomberg
War Weighs on Global Growth With Inflation Worries Intensifying

The global economy is showing signs of waning momentum and mounting inflation pressures during its third month of a war-induced energy crunch.

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