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Latest news from trusted sources around the world

Honeywell-Backed Computing Firm Quantinuum Files for US IPO
Economy Bloomberg
Honeywell-Backed Computing Firm Quantinuum Files for US IPO

Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., filed for a US initial public offering, capitalizing on enthusiasm around quantum computing stocks.

Economy Financial Times
Farage’s Reform UK still has electoral obstacles ahead

Party performed strongly in council polls but path to general election victory is probably be more perilous

Economy Financial Times
US adds 115,000 jobs in April as labour market shrugs off energy …

Hiring exceeds Wall Street forecasts for second month in a row

Fed Sees Private Credit Redemptions as ‘Manageable’ Risks
Economy Bloomberg
Fed Sees Private Credit Redemptions as ‘Manageable’ Risks

The Federal Reserve said stability risks from further private credit redemption requests appear “limited and manageable,” after some of the biggest names in the market …

Economy Financial Times
LNG carriers test Iran blockade in Strait of Hormuz

Pakistan cancelled plans to buy cargoes on spot market because it expected Gulf shipments to resume

Waste Industry Is Recession-Resilient: Republic Services
Economy Bloomberg
Waste Industry Is Recession-Resilient: Republic Services

Republic Services CEO Jon Vander Ark joined Bloomberg Open Interest to break down why the waste industry thrives even in downturns. He calls it “recession-resilient” …

Economy Financial Times
Election special: snap analysis

Voters hammer Labour and splinter from the main parties

Economy Financial Times
Starmer defies calls to quit after heavy Labour council losses

Nigel Farage’s Reform UK makes gains in English local elections

Economy Financial Times
Markets are banking on the ‘Bliss trade’

A belief in resilience underwritten by big lasting state support is keeping stocks high

Economy Financial Times
EU prosecutors probe France’s Bardella over alleged misuse of funds

Far-right Rassemblement National leader accused of wrongly paying for media training

Economy Financial Times
Five things we learnt in the UK elections

The results are a blow to Keir Starmer and evidence that the political landscape is fragmenting

Economy Financial Times
Ryan Cohen, GameStop’s rebel CEO

His $56bn hostile bid for eBay has baffled Wall Street, but it could be the world’s first meme stock-driven deal

Enhanced Games Owner Jumps 27% After Going Public Via SPAC
Economy Bloomberg
Enhanced Games Owner Jumps 27% After Going Public Via SPAC

Enhanced Group Inc. shares climbed 27% after going public via a merger with blank-check company A Paradise Acquisition Corp. that gave it an enterprise value …

US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat
Economy Bloomberg
US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat

US stocks were on track for a record closing high, buoyed by semiconductor stocks, strong monthly payrolls figures and a US-Iran ceasefire that appeared intact …

Private Equity Taps Junk Market for Dividends as Exits Stall
Economy Bloomberg
Private Equity Taps Junk Market for Dividends as Exits Stall

Private equity firms are once again tapping the European junk debt market to pay themselves dividends as market volatility fueled by the Iran war and …

Clariant CEO: Demand Remains Solid Despite Hormuz Blockade
Economy Bloomberg
Clariant CEO: Demand Remains Solid Despite Hormuz Blockade

Demand for chemical products remains high, even though the blockade of the Strait of Hormuz has complicated supply chains, says Conrad Keijzer, CEO of Swiss …

Gold Fields’ Spat With Ghana Contractor Heads for Arbitration
Economy Bloomberg
Gold Fields’ Spat With Ghana Contractor Heads for Arbitration

A $740 million dispute between Gold Fields Ltd. and a mining contractor in Ghana will be fought out in arbitration.

Economy Financial Times
Trump says Iran ceasefire holds despite exchange of fire

Washington and Tehran blamed each other for sparking reciprocal attacks

FSD Africa to Raise $400 Million SME Financing for Five Nations
Economy Bloomberg
FSD Africa to Raise $400 Million SME Financing for Five Nations

FSD Africa, an agency backed by the UK’s Foreign, Commonwealth & Development Office, is establishing funds to raise as much as $400 million of capital …

Economy Financial Times
British-Chinese nationals found guilty of spying for Hong Kong

Two men, including former Border Force official, convicted in trial at London’s Old Bailey

BofA’s Hartnett Says US Stock Gains Have Rarely Been This Strong
Economy Bloomberg
BofA’s Hartnett Says US Stock Gains Have Rarely Been This Strong

US stocks and gold are hurtling toward a fourth year of double-digit gains, rallies so exceptional that there have been few such episodes in history, …

Rheinmetall Sinks Most Since 2022 After Loss of a Long-Time Bull
Economy Bloomberg
Rheinmetall Sinks Most Since 2022 After Loss of a Long-Time Bull

Rheinmetall AG’s position as the standout European defense stock is looking increasingly vulnerable after a series of disappointing results led a long-time bull to downgrade …

Economy Financial Times
Reform surges in English local elections — follow the results

Nigel Farage’s party has won about 300 seats in early results

Economy Financial Times
US businesses urge Trump to intervene over new EU consumer rules

American companies fear an update to Brussels’ ‘Product Liability Directive’ will make it easier for consumers to sue

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