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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
What the Grasset affair tells us about modern elites

Protests by authors at the French publishing house are a symptom of the struggle between establishment and insurgents

Economy Financial Times
Oil price climbs above $110 for first time in three weeks

Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran

Economy Financial Times
China poised to restart exporting jet fuel, diesel and gasoline

Beijing signals relaxation of export ban imposed at start of Iran conflict

Economy Financial Times
Brighton to build Europe’s first women’s football stadium

New £80mn arena represents a major vote of confidence in growth potential of WSL

Economy Financial Times
UAE to leave Opec in blow to oil cartel

Move underlines long-running frustrations with group over production quotas

Sherwin-Williams Sees Input Costs Rising After Sales Beat
Economy Bloomberg
Sherwin-Williams Sees Input Costs Rising After Sales Beat

Sherwin-Williams Co. warned rising input costs could weigh on results later this year, after currency tailwinds helped it post stronger-than-expected sales growth in the first …

Emerging Assets Drop as Risk-Off Mood Lifts Dollar Ahead of Fed
Economy Bloomberg
Emerging Assets Drop as Risk-Off Mood Lifts Dollar Ahead of Fed

Emerging-market currencies and stocks dropped Tuesday as concerns over investments in artificial intelligence and stalled peace talks in the Middle East sparked a flight to …

Economy Financial Times
FirstFT: Oil price rises as US-Iran talks stall

Also in today’s newsletter: Chinese battery maker CATL raises $5bn and US data centre backlash

Oil Shock Starts to Seep Into Earnings and Stock Prices
Economy Bloomberg
Oil Shock Starts to Seep Into Earnings and Stock Prices

More bitter surprises may be in store in this week’s flood of results.

US Investor Said to Pay 70% Premium for Benfica Minority Stake
Economy Bloomberg
US Investor Said to Pay 70% Premium for Benfica Minority Stake

US investor Entrepreneur Equity Partners has agreed to buy a minority stake in Portuguese football club Benfica at a steep premium, according to a person …

Tullow Shares Soar as West African Oil Brings Record Price
Economy Bloomberg
Tullow Shares Soar as West African Oil Brings Record Price

Tullow Oil Plc’s shares surged more than 9% after tensions in the Middle East drove its West African crude to a record price.

Maruti Profit Misses on Rising Costs, Supply Constraints
Economy Bloomberg
Maruti Profit Misses on Rising Costs, Supply Constraints

Maruti Suzuki India Ltd. reported fourth-quarter profit that missed analysts’ estimates, with higher costs and supply constraints weighing on margins.

Europe Spent €10 Billion on Iran Energy Shock Aid, Bruegel Says
Economy Bloomberg
Europe Spent €10 Billion on Iran Energy Shock Aid, Bruegel Says

European Union states have committed over €10 billion ($11.7 billion) to shield consumers and businesses as the Iran war drives up energy prices, according to …

Economy Financial Times
Export restrictions on critical materials up fivefold since 2009, says OECD

Analysis shows rise in trade curbs affecting defence, tech and green energy supply chains

Economy Financial Times
Mandelson scandal is chance for Badenoch to impress in parliament

Tories trail in the polls but their leader has a golden opportunity to skewer Labour

Economy Financial Times
Bank of Japan holds rates and raises inflation forecast on Iran war …

Three members dissent as central bank warns growth likely to slow and corporate profits to suffer

Economy Financial Times
World’s biggest battery maker CATL to raise $5bn

Chinese group rides surge in foreign investor interest in renewable energy stocks since outbreak of war in Iran

Economy Financial Times
Foreign Office not consulted ahead of Mandelson appointment

Vote on whether prime minister misled parliament will follow testimony

Economy Financial Times
BP profits more than double as Iran war delivers windfall

Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance

Trump Says Iran Wants Hormuz Open in Tussle Over War’s End
Economy Bloomberg
Trump Says Iran Wants Hormuz Open in Tussle Over War’s End

President Donald Trump said Iran has asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an …

Bank of Japan’s ‘Hawkish Hold’ Strengthens Yen, Strategists Say
Economy Bloomberg
Bank of Japan’s ‘Hawkish Hold’ Strengthens Yen, Strategists Say

Bank of Japan’s decision to hold rates on Tuesday is seen as hawkish and contributed to the yen’s gains against the dollar, strategists say. The …

China’s State Refiners Seek to Resume Fuel Exports After Halt
Economy Bloomberg
China’s State Refiners Seek to Resume Fuel Exports After Halt

China’s state-owned refiners have begun applying for government permits that would allow them to resume fuel exports in May, citing plentiful domestic stockpiles.

Yen Gains After Three BOJ Board Members Dissent From Rate Hold
Economy Bloomberg
Yen Gains After Three BOJ Board Members Dissent From Rate Hold

The yen strengthened against the dollar after the Bank of Japan raised its inflation forecast and three policymakers backed a rate hike.

Economy Financial Times
Reliance’s profit growth dented by global oil upheaval

Also in this newsletter, questions arise over future growth in the Indian Premier League

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