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Latest news from trusted sources around the world

Economy Financial Times
Amid European energy fears, coal creeps back into favour

A protracted conflict in the Middle East would dent expectations that global coal consumption will start to fall

Economy Financial Times
We’ll always have Dubai

Why the newly endangered city will endure

Economy Financial Times
Trump’s war on Iran is spreading. Where does it stop?

US allies in the Arab world have been plunged into a conflict they neither wanted nor consented to. Historian Eugene Rogan on what it means …

Economy Financial Times
Tax ‘cliff edges’ remove incentive to work, save and invest, say finance …

Effective marginal tax rates discourage higher earners from pursuing career advancement

Economy Financial Times
The real-world paths to hell

How tourists became obsessed with finding the gates to the underworld of Greek mythology

Economy Financial Times
A first look at Villa Fayoum, Egypt’s artiest guesthouse

The legendary Al Moudira hotel now has a sister outpost

China’s PBOC Extends Gold Buying as Middle East Tension Simmers
Economy Bloomberg
China’s PBOC Extends Gold Buying as Middle East Tension Simmers

China’s central bank bought more gold in February, extending its streak of purchasing to 16 months, as bullion climbs amid escalating Middle East tensions.

Greer, Schwarzman Lined Up for Australia Pensions Summit in US
Economy Bloomberg
Greer, Schwarzman Lined Up for Australia Pensions Summit in US

Representatives of the A$4.5 trillion ($3.2 trillion) Australian pensions industry will head to the US next week, seeking to showcase the scale of the sector’s …

Sri Lanka: In 'Good Position' to Absorb Oil Price Shocks
Economy Bloomberg
Sri Lanka: In 'Good Position' to Absorb Oil Price Shocks

Central Bank of Sri Lanka Governor P Nandalal Weerasinghe believes his country is in a 'good position' to be able to absorb the price shocks …

Economy Financial Times
Google gives CEO Sundar Pichai new pay deal worth up to $692mn

Alphabet boss gets bumper package of stock options tied to the share price and growth of Waymo in the next three years

Novo and Hims End Feud, Will Sell Obesity Drugs Together
Economy Bloomberg
Novo and Hims End Feud, Will Sell Obesity Drugs Together

Novo Nordisk A/S plans to sell its weight-loss drugs on Hims & Hers Health Inc.’s platform, according to a person familiar with the matter, ending …

Economy Financial Times
US draws up strict new AI guidelines amid Anthropic clash

Draft rules mandate civilian government contracts make models available for ‘any lawful’ use

When God Appears in Contracts, That’s ‘Force Majeure’
Economy Bloomberg
When God Appears in Contracts, That’s ‘Force Majeure’

The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found buried …

Bezel, Kalshi Bring Luxury Watches to Prediction Markets
Economy Bloomberg
Bezel, Kalshi Bring Luxury Watches to Prediction Markets

Bezel CEO & Co-Founder Quaid Walker discusses their new partnership with Kalshi designed to build contracts tied to watch prices. Walker hopes the partnership will …

Economy Financial Times
Oracle and OpenAI scrap deal to expand flagship Texas data centre

Meta in talks to take up additional computing capacity that the ChatGPT maker will not take up

Fed's Hammack: There are Two-Sided Risks to Rates
Economy Bloomberg
Fed's Hammack: There are Two-Sided Risks to Rates

Cleveland Fed President Beth Hammack sat down with Michael McKee for an exclusive interview to discuss the two-sided risks with rates, as well as the …

Bessent Says US May ‘Unsanction’ More Russia Oil Post India Move
Economy Bloomberg
Bessent Says US May ‘Unsanction’ More Russia Oil Post India Move

Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give Indian refiners the green …

Economy Financial Times
Oil hits highest level since 2023 as Iran war triggers historic surge

Goldman Sachs warns crude will soar past 2008 peak if action is not taken to reopen Strait of Hormuz

US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow
Economy Bloomberg
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow

The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid …

Economy Financial Times
US agency to create $20bn reinsurance facility for Gulf shipping

Development Finance Corporation to offer coverage in hopes of restarting shipping through Strait of Hormuz

Economy Financial Times
Trump’s ‘war of whim’ in Iran

The US and Israeli war in the Middle East is altering the shape of the region and the world.

Economy Financial Times
Russia is helping Iran to target US military assets in Middle East

Tehran using intelligence shared by Moscow to launch retaliatory drone and missile attacks

Energy Secretary Wright Calls to Reopen Indian Point Nuclear Plant
Economy Bloomberg
Energy Secretary Wright Calls to Reopen Indian Point Nuclear Plant

The US energy secretary and a congressman are calling to restart a shuttered nuclear plant north of New York City, saying it’s needed to meet …

Economy Financial Times
Starmer’s pledge to cut living costs rocked by Middle East war

Conflict dashes hope of interest rate cuts and leaves prime minister under fire from left and right

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