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Latest news from trusted sources around the world

Euro-Zone Growth Is Buckling Under Weight of War Impact, EU Says
Economy Bloomberg
Euro-Zone Growth Is Buckling Under Weight of War Impact, EU Says

The euro area will slow markedly while suffering the fastest inflation since 2023 as it succumbs to the energy-cost surge from the Iran war, according …

Economy Financial Times
Greens consider helping Labour’s Andy Burnham in Makerfield by-election

Some in Zack Polanski’s party are wary of being blamed for splitting progressive vote in north-west constituency

Economy Financial Times
Net migration to UK falls to lowest level since 2021

Drop to 171,000 in 2025 comes as government tightens restrictions on work visas

Economy Financial Times
Back-door ERM is a really bad idea

The UK’s price of issuing euro-denominated debt would be a surrender of monetary policy sovereignty

Economy Financial Times
UK business activity fell for first time in more than a year …

PMI figures reflect domestic political uncertainty adding to fallout from the Middle East war

Iran War Spurs Bear Scenarios for Asia FX, Bonds
Economy Bloomberg
Iran War Spurs Bear Scenarios for Asia FX, Bonds

The Iran war is piling pressure on emerging Asian markets, pushing some currencies and bond yields toward levels once considered unlikely.

India Mulls All Options, Including Rate Hike, as Rupee Slumps
Economy Bloomberg
India Mulls All Options, Including Rate Hike, as Rupee Slumps

The Reserve Bank of India is considering all of its available options to stabilize the rupee, including an interest rate hike, more currency swaps and …

Jamie Dimon on Bond Market, Inflation and Equities
Economy Bloomberg
Jamie Dimon on Bond Market, Inflation and Equities

CEO of JPMorgan Chase Jamie Dimon speaks exclusively with Bloomberg's Haslinda Amin about the rout in bond markets, the risk of heightened inflation, and why …

Goldman Says Global Oil Stockpiles Falling at Record Pace
Economy Bloomberg
Goldman Says Global Oil Stockpiles Falling at Record Pace

Global stockpiles of crude oil and products are being drawn down at a record pace this month as the war in the Middle East drags …

Economy Financial Times
Samsung reaches last-minute deal to avert strike over AI riches

Work stoppage had threatened to disrupt Korean economy and global artificial intelligence boom

Economy Bloomberg
Samsung Reaches Tentative Deal With Union

South Korean stocks rallied after Samsung Electronics Co. reached a tentative deal with its labor union, defusing the threat of an imminent strike at the …

Economy Financial Times
From bitter coffee to all-terrain vehicles: Putin and Xi’s business dividend

Close diplomatic relations between Beijing and Moscow are matched by growing mutual commercial exchanges

Economy Financial Times
Modi prepares Indians for economic shock after ‘decade of disasters’

Fuel prices rise as prime minister says he can no longer shield citizens from impact of Iran war and other global events

Economy Financial Times
Nvidia lifts dividend as investors fret about growth prospects

Shares in the world’s most valuable company dip despite better than expected revenue and forecasts

Economy Financial Times
Anthropic on track for first profitable quarter

AI lab set to hit milestone ahead of competitors OpenAI and xAI

Gracias’ Valor Stands to Make Billions Off SpaceX IPO
Economy Bloomberg
Gracias’ Valor Stands to Make Billions Off SpaceX IPO

Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the …

US Stocks Steady as Traders Await Hormuz Progress: Markets Wrap
Economy Bloomberg
US Stocks Steady as Traders Await Hormuz Progress: Markets Wrap

US equities held gains while oil fell and bonds ticked higher as traders waited to see whether hopes of a peace deal in the Middle …

Scion Group & Ares Management Team Up to Buy $910M in Student Housing
Economy Bloomberg
Scion Group & Ares Management Team Up to Buy $910M in Student …

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of …

Economy Financial Times
Reeves cuts food tariffs and children’s bus fares in cost of living …

UK chancellor to announce wide-ranging package intended to win back voters

Economy Financial Times
Musk’s SpaceX sets out plans for biggest IPO in history

Satellite and AI company to list on Nasdaq under symbol SPCX

Economy Financial Times
FirstFT: Nvidia reports better than expected revenue and forecasts in Q1 earnings

Also in today’s newsletter: OpenAI’s IPO could come as early as this week and Xi warns of ‘the law of the jungle’ to Putin

Codelco Eyes $2 Billion Gain From Unifying Copper Mines in Chile
Economy Bloomberg
Codelco Eyes $2 Billion Gain From Unifying Copper Mines in Chile

Codelco is seeking a combined $2 billion in cost savings and additional revenue by integrating the operations of three copper mines as the state-owned Chilean …

SpaceX Files for IPO on Nasdaq Under SPCX Symbol
Economy Bloomberg
SpaceX Files for IPO on Nasdaq Under SPCX Symbol

Elon Musk's SpaceX has filed papers to go public on the Nasdaq under the symbol SPCX. SpaceX is targeting as much as $75 billion in …

Economy Financial Times
SpaceX is all ’trucked up

But Elon Musk is not giving himself mates’ rates

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