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Latest news from trusted sources around the world

Fannie, Freddie Soar as Ackman Says They’re ‘Stupidly Cheap’
Economy Bloomberg
Fannie, Freddie Soar as Ackman Says They’re ‘Stupidly Cheap’

Shares of Fannie Mae and Freddie Mac pared a months-long slide after Bill Ackman, who has bet heavily on the companies, called the mortgage-finance giants …

Economy Financial Times
Need to be extracted from the Middle East? Call your wealth manager

The rich are increasingly relying on financial advisers to get them out of harm’s way during the Iran war

Economy Financial Times
Apple subsidiary fined for breaching Russian sanctions

UK imposes £390,000 penalty on European operation for payments to video streaming service Okko

European Consumers’ Inflation Expectations Surge on Iran War
Economy Bloomberg
European Consumers’ Inflation Expectations Surge on Iran War

Inflation expectations of euro-area consumers jumped in March — a warning sign for the European Central Bank as it assesses the danger of a renewed …

Portugal Sees TAP Interest Hold Despite War as Deadline Nears
Economy Bloomberg
Portugal Sees TAP Interest Hold Despite War as Deadline Nears

Portugal is confident Europe’s three biggest airline groups will bid for a stake in TAP SA ahead of a deadline this week, brushing aside concerns …

Iran’s Hormuz Grip Is Tighter Than Ever After a Month of War
Economy Bloomberg
Iran’s Hormuz Grip Is Tighter Than Ever After a Month of War

Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is …

Economy Financial Times
Blackouts and hunger grip Cuba

Residents plagued by power cuts, heaps of rubbish and soaring prices as Donald Trump squeezes communist regime

Economy Financial Times
March summary of opinions shows BoJ still intends to normalise rates

Some members called for faster rate hikes amid fears central bank is falling behind curve

Economy Financial Times
Hammering Farage-Trump links could suppress Reform’s poll lead

Labour and Lib Dems could leverage US president’s unpopularity to hurt momentum behind populist party

Chinese Cargoes Hint at Fuels Relief for Neighbors Despite Curbs
Economy Bloomberg
Chinese Cargoes Hint at Fuels Relief for Neighbors Despite Curbs

China has exported cargoes of diesel and other fuels to energy-starved countries across Southeast Asia over the weekend, in what could be a signal of …

Economy Financial Times
Eli Lilly pushes for NHS drug price increases in return for its …

US pharmaceutical group ‘optimistic’ about reaching deal with British government

Economy Financial Times
America’s gig economy

Self-employment, at both the high and the low end, is keeping consumption afloat — but for how long?

Economy Financial Times
UK ministers explore ‘targeted’ energy bill relief for those most in need

Lower-cost scheme could be delivered through councils under one option being considered

Economy Financial Times
WTO reform talks collapse over US-Brazil stand-off

Dispute over ecommerce tariffs derails agreement on overhaul of global trade body

Economy Financial Times
Private capital: what are the risks?

As investors seek to retrieve their money, the $22tn industry rejects comparisons with 2008. Regulators aren’t so sure

Economy Bloomberg
Iran War Drives Stagflation Risks: Citi

The Iran conflict is raising the prospect of stagflation and is "a pretty bad mix for markets," according to Jim McCormick, Chief Global Macro Strategist …

India’s Boldest Currency Move in Years Fails to Hold Rupee Gains
Economy Bloomberg
India’s Boldest Currency Move in Years Fails to Hold Rupee Gains

India’s most dramatic step in more than a decade to curb speculation in the foreign-exchange market delivered only fleeting gains, with an initial jump in …

Economy Bloomberg
Citi's McCormick Sees Steeper Yield Curve Globally

Jim McCormick, Head of Macro Strategy at Citi, says the Iran war poses a significant challenge for global central banks. He expects less monetary tightening …

Economy Bloomberg
Hua Medicine on Earnings, Business Expansion Plans

Chinese biotech firm Hua Medicine sees robust growth in 2026 after reporting a 93% jump in full-year revenue. Speaking exclusively to Bloomberg's "The China Show," …

HK IPO Revival Hits Snags, Raising Stakes for Big Deals
Economy Bloomberg
HK IPO Revival Hits Snags, Raising Stakes for Big Deals

Hong Kong’s relentless surge in share sales over the past year is beginning to encounter headwinds, potentially slowing deal momentum and raising the stakes for …

Gold Finds Footing Near $4,500 as Iran War Enters Fifth Week
Economy Bloomberg
Gold Finds Footing Near $4,500 as Iran War Enters Fifth Week

Gold gained for a second day, as dip-buyers supported prices while the market awaited clarity on the duration of the Middle East conflict.

Oil Gains as Iran War Escalates With Houthi Attacks on Israel
Economy Bloomberg
Oil Gains as Iran War Escalates With Houthi Attacks on Israel

Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening …

Economy Financial Times
Israel blocks Catholic cardinal from Holy Sepulchre on Palm Sunday

France, Italy, Poland and Canada condemn Israeli police for cutting off access to site in the run-up to Easter

Economy Financial Times
FirstFT: Middle East war escalates as diplomacy proves fruitless

Also in today’s newsletter: South Korea weighs new inheritance tax rules, and Indian conglomerate Vedanta to split in five

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