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Latest news from trusted sources around the world

Economy Financial Times
Why the Mandelson scandal matters

Who the prime minister appoints to key roles is ultimately a test of their judgment

Economy Financial Times
Emerging market stocks hit record high as Asian chipmakers surge

Rally for TSMC, Samsung and SK Hynix powers EM stock index’s rebound from Iran war losses

Economy Financial Times
Opec without the UAE

Plus, gilts hit rough water

Understanding the UAE's Decision to Leave OPEC
Economy Bloomberg
Understanding the UAE's Decision to Leave OPEC

The United Arab Emirates' move to quit OPEC has blindsided its partners and will dilute the cartel's ability to manage oil prices by adjusting supply. …

Iron Ore Advances as Rising Costs Offset BHP-CMRG Resolution
Economy Bloomberg
Iron Ore Advances as Rising Costs Offset BHP-CMRG Resolution

Iron ore rose toward a one-month high, despite a resolution of a dispute between BHP Group and China Mineral Resources Group Co. that had supported …

Is The Yuan Ready To Meet The Moment?
Economy Bloomberg
Is The Yuan Ready To Meet The Moment?

Amidst trade wars and regional conflict, Bloomberg's Haslinda Amin, Ruth Carson, David Ramli and Karishma Vaswani discuss strategic shifts in Asian wealth flows at an …

Economy Financial Times
King Charles subtly rebukes Trump despite show of unity

Flattery and pomp of the occasion fail to conceal the strained relationship

Economy Financial Times
Powerful Indian female leader prepares for Modi showdown

West Bengal election centres on ‘fearless’ chief minister Mamata Banerjee, analysts say, as millions culled from voter rolls

Economy Financial Times
Purdue Pharma to pay more than $8bn to end US opioid case

Resolution will allow billions of dollars to flow to US cities and states that have been hit by the epidemic

Economy Financial Times
Lift maker Kone close to finalising €29bn deal to buy TK Elevator

Transaction would mark a successful sale of German company by private equity firms Advent and Cinven

Economy Financial Times
Musk claims Altman ‘stole a charity’ in OpenAI trial testimony

Billionaire said it is ‘dangerous’ to have someone who is ‘not trustworthy in charge of AI’

Gold Steady After Two-Day Drop as Iran War Fans Inflation Fears
Economy Bloomberg
Gold Steady After Two-Day Drop as Iran War Fans Inflation Fears

Gold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of …

Stocks Fall on Report Trump Rejects Iran Proposal: Markets Wrap
Economy Bloomberg
Stocks Fall on Report Trump Rejects Iran Proposal: Markets Wrap

A renewed rally in oil drove stocks and bonds lower on concern that a prolonged closure of the Strait of Hormuz will fuel inflation and …

Economy Financial Times
Ex-FBI head Comey charged with threatening Trump’s life

Indictment says a photograph of shells on a beach was deemed to be ‘intent to do harm’

Economy Financial Times
US ambassador to Ukraine to leave over differences with Trump

Julie Davis frustrated with president’s lack of support for Kyiv, say people familiar with the matter

Economy Financial Times
Starbucks reports sharp sales increase as turnaround gathers pace

Cafés open at least a year record strongest rise since 2023

First Independence Bank CEO: Fed is Doing a 'Fine Job'
Economy Bloomberg
First Independence Bank CEO: Fed is Doing a 'Fine Job'

First Independence Bank Chairman & CEO and Chair of the American Bankers Association Kenneth Kelly discusses the importance of stability in the banking system and …

Nvidia-Tied Data Center Raises $4.59 Billion From Junk-Bond Sale
Economy Bloomberg
Nvidia-Tied Data Center Raises $4.59 Billion From Junk-Bond Sale

A Nevada data center project tied to Nvidia Corp. has raised $4.59 billion from a junk-bond sale, adding to a wave of deals to fund …

Why the US Is Working Less Than Before
Economy Bloomberg
Why the US Is Working Less Than Before

The US still works more than most other countries, but that gap is starting to close. Bloomberg Opinion columnist Allison Schrager explains why. (Source: Bloomberg)

Bond Traders Ramp Up Wagers Hedging for 5% Yields as Oil Surges
Economy Bloomberg
Bond Traders Ramp Up Wagers Hedging for 5% Yields as Oil Surges

Traders in the Treasury options market are bracing for long-dated bond yields to surge past 5% as a rally in oil prices continues unabated.

Cancer Drug Developer Erasca Sinks by Record 55% After Patient Death
Economy Bloomberg
Cancer Drug Developer Erasca Sinks by Record 55% After Patient Death

Erasca Inc. shares plunged 48% Tuesday after the cancer-drug developer said one patient withdrew from its clinical trial and later died after suffering severe side …

Ryanair CEO Is ‘Less Concerned’ Europe Will Run Out of Jet Fuel
Economy Bloomberg
Ryanair CEO Is ‘Less Concerned’ Europe Will Run Out of Jet Fuel

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary is “increasingly less concerned” about Europe facing a jet-fuel shortage in the coming months, though summer ticket …

Data Centers Are Moving to Space
Economy Bloomberg
Data Centers Are Moving to Space

AI demand is pushing Earth’s data centers to the brink—so what if we moved them to space? Atomic-6 CEO Trevor Smith joined Bloomberg Open Intere …

JPMorgan’s Dimon Warns Again on Risks of Credit Downturn
Economy Bloomberg
JPMorgan’s Dimon Warns Again on Risks of Credit Downturn

JPMorgan Chase & Co.’s Jamie Dimon again cautioned that a credit market downturn could be worse than expected, even after his firm and Wall Street …

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