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Latest news from trusted sources around the world

Economy Financial Times
Former EY employee sues firm over dismissal after viral Israel speech

George Washington University graduate says she was fired after remarks criticising actions in Gaza

Oil Declines as Trump Sees Deal to End War Nearing 50-Day Mark
Economy Bloomberg
Oil Declines as Trump Sees Deal to End War Nearing 50-Day Mark

Oil declined as President Donald Trump claimed concessions by Iran will pave the way for a deal to end the war that continues to choke …

Economy Financial Times
FirstFT: China’s economic growth exceeds expectations despite Iran war

Also in today’s newsletter: Israel agrees to ceasefire in Lebanon, and Netflix founder to step down from board

Economy Financial Times
New York City’s super-rich complain about Mamdani’s tax on second homes

Billionaire hedge fund managers say mayor’s proposed levy is ‘demonising philanthropists’

Netflix Earnings Forecast Misses, Reed Hastings Steps Down
Economy Bloomberg
Netflix Earnings Forecast Misses, Reed Hastings Steps Down

Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also …

SpaceX Moves Up Vesting Schedule for Employee Shares Before IPO
Economy Bloomberg
SpaceX Moves Up Vesting Schedule for Employee Shares Before IPO

SpaceX has moved up a scheduled vesting date for shares awarded to employees to as soon as next week, according to people familiar with the …

The Ad World Revolves Around Live Sports: EDO CEO
Economy Bloomberg
The Ad World Revolves Around Live Sports: EDO CEO

EDO President & CEO Kevin Krim discusses Netflix’s big push into broadcasting live events, especially live sports, referring to them as ‘the engine that powers …

MNTN CEO: Netflix $10B Ad Revenue Est. 'Laughably Small'
Economy Bloomberg
MNTN CEO: Netflix $10B Ad Revenue Est. 'Laughably Small'

MNTN CEO Mark Douglas discusses Netflix advertising revenue remaining on track despite after-market earnings report revealing profit outlook missed estimates. He talks with Katie Greifeld …

Kone Is in Advanced Talks to Acquire TK Elevator, Sources Say
Economy Bloomberg
Kone Is in Advanced Talks to Acquire TK Elevator, Sources Say

Kone Oyj is in advanced talks to acquire TK Elevator in what’s set to be one of Europe’s biggest takeovers this year, people familiar with …

Economy Financial Times
Senate Democrats raise alarm over Kevin Warsh’s $100mn of ‘undisclosed’ assets

Criticism of Fed chair nominee’s financial holdings will further complicate next week’s confirmation hearings

Henry Paulson Suggests US Make a Break-Glass Treasuries Plan
Economy Bloomberg
Henry Paulson Suggests US Make a Break-Glass Treasuries Plan

Former Treasury Secretary Henry Paulson suggested US authorities prepare a back-up plan in order to avert a potential collapse in demand for Treasuries — an …

Economy Financial Times
Israel and Lebanon agree ceasefire, Trump says

US president posts that 10-day truce will start on Thursday evening

Veja os Três Assuntos que Marcaram a Semana no Brasil
Economy Bloomberg
Veja os Três Assuntos que Marcaram a Semana no Brasil

Daniel Carvalho traz os assuntos que foram destaque da semana no Brasil. Com edição de Patricia Xavier e produção de Barbara Nascimento e Beatriz Reis. …

Why Oil Futures Are Trading Way Below Real-World Prices
Economy Bloomberg
Why Oil Futures Are Trading Way Below Real-World Prices

Six weeks into the Iran war, crude oil markets are experiencing one of their worst-ever disruptions, triggered by the near-closure of the Strait of Hormuz. …

Europe’s Auto Heartland Saw Cash Flow Nearly Halve Since 2019
Economy Bloomberg
Europe’s Auto Heartland Saw Cash Flow Nearly Halve Since 2019

Europe’s auto industry has a growing cash problem, even as earnings still look steady.

Economy Financial Times
SNP pledges ‘1970s-style’ food price cap

Conservatives accuse Scotland’s main pro-independence party of trying to provoke constitutional row with Westminster

Economy Financial Times
Venice will ‘ultimately be lost’ without rapid action

Italian city has ‘no optimal’ solution to adapt to sea-level rise, research finds

Economy Financial Times
Getty must sell Shutterstock editorial business, says UK antitrust watchdog

CMA warns that $3.7bn merger of photo agencies depends on sale to address competition concerns

Joe & the Juice Deal Adds to Abu Dhabi Firms’ Recent M&A Spree
Economy Bloomberg
Joe & the Juice Deal Adds to Abu Dhabi Firms’ Recent M&A …

Abu Dhabi’s Emirates International Investment Co. is buying a minority stake in Joe & the Juice at a valuation of $1.8 billion, people familiar with …

BNY Profit Beats Analyst Estimates, Fueled by Record Revenue
Economy Bloomberg
BNY Profit Beats Analyst Estimates, Fueled by Record Revenue

Bank of New York Mellon Corp. posted profit that beat analyst estimates as client activity drove revenue to a record during a busy quarter.

Economy Bloomberg
The Pros and Cons of a Pennsylvania Data Center

The Pros and Cons of a Pennsylvania Data Center (Source: Bloomberg)

Barclays Analyst Sees Extreme Pricing for Physical Oil
Economy Bloomberg
Barclays Analyst Sees Extreme Pricing for Physical Oil

Lydia Rainforth, European energy and energy transition research head at Barclays, discusses energy markets as oil steadies on signs the US and Iran may extend …

Economy Financial Times
Submit your questions to Alphaville on the US economy

Take part in a live Ask an Expert Q&A with Alphaville’s Robin Wigglesworth and Toby Nangle today at 1pm BST

Economy Financial Times
Peugeot maker Stellantis to phase out car assembly at historic Poissy plant

Move brings an end to almost a century of vehicle manufacturing around Paris

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