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World News Feed

Latest news from trusted sources around the world

Economy Bloomberg
Stocks Rise as Inflation Data Outweighs Chip Rout: Markets Wrap

Another report showing softer-than-anticipated inflation drove stocks and bonds higher as Wall Street traders further dialed back wagers on Federal Reserve interest-rate increases.

Economy Financial Times
Trump says US to abandon proposed Strait of Hormuz cargo fee

US military launches seventh wave of strikes after the president said he would ‘replace’ fees plan with Gulf investment

Economy Financial Times
IBM shares plunge 25% as customers shift spending to AI

Chief executive Arvind Krishna says company ‘faltered’ as clients raced to buy servers and storage

Economy Financial Times
US state department offers $3mn grants to Maga-aligned groups in Europe

Agency seeks to repurpose foreign aid funds to help organisations that support Trump administration policies

Economy Financial Times
RIP the US state department

America’s diplomats used to have global sway. Now they are besieged by their own president

Economy Financial Times
Buffett drops Gates Foundation from $6bn Berkshire donation

Billionaire chair of conglomerate shifts personal charity plans after revelations about Microsoft co-founder’s Epstein ties

Economy Financial Times
Trump pays E Jean Carroll $5.6mn in assault and defamation case

Funds president owed had been in a government account as he appealed against the verdict and judgment

Economy Financial Times
Brinkmanship in the Strait of Hormuz

America’s president is trapped, but Tehran is overplaying its hand

Economy Financial Times
Ann Widdecombe killed in ‘targeted attack’, counterterror police say

Ex-Conservative minister and Reform spokesperson was found dead at her home in Devon on Thursday

Economy Financial Times
Kevin Warsh vows Federal Reserve will be ‘resolute’ in inflation fight

Central bank chief says he would have ‘no tolerance’ for persistently elevated price growth

Economy Financial Times
Oil touches $87 as battle for Strait of Hormuz alarms energy markets

Brent crude climbs after US responds to Iranian attacks on tankers with fresh round of strikes

Economy Financial Times
Ukraine targets Russian shipping in ‘unprecedented’ drone assault

Over the past week, Kyiv has struck vessels in the Sea of Azov at a faster pace than during the 1980s Iran-Iraq tanker wars

India Refiners Reap Fuel Export Windfall as War Drives Shortages
Economy Bloomberg
India Refiners Reap Fuel Export Windfall as War Drives Shortages

Oil-product shipments from India are on track to climb to their highest level since September as refiners cash in on robust profit margins after a …

Indian Activist’s Health Worsens in Hunger Strike for Students
Economy Bloomberg
Indian Activist’s Health Worsens in Hunger Strike for Students

The health of a well-known Indian activist is deteriorating more than two weeks into his hunger strike over exam paper leaks, putting pressure on the …

Fed Hike Bets Mount Ahead of CPI Data, Warsh Hearing
Economy Bloomberg
Fed Hike Bets Mount Ahead of CPI Data, Warsh Hearing

Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve …

Deutsche Bank May Win Russia-Sanctions Lawsuit Against Linde
Economy Bloomberg
Deutsche Bank May Win Russia-Sanctions Lawsuit Against Linde

Deutsche Bank AG may win a legal battle in a dispute with a corporate client over who has to pick up the tap for losses …

Economy Financial Times
Wall Street to report bumper quarter as dealmaking returns

Resurgence in mega-mergers and the SpaceX IPO is expected to have generated total fees of about $11bn for six big banks

PBOC Boosts Liquidity to Smooth Tax Payments, Debt Issuance
Economy Bloomberg
PBOC Boosts Liquidity to Smooth Tax Payments, Debt Issuance

China’s central bank said it’s boosting longer-term liquidity injections through outright reverse repurchase agreements, a move expected to help companies and individuals handle upcoming tax …

Economy Financial Times
ECB recruits digital euro critics for pilot

Deutsche Bank, DZ Bank and Groupe BPCE among 36 institutions selected for test of digital currency next year

Economy Financial Times
UK borrowing costs hit highest level since May as oil surges

Ten-year yield back above 5% just days before Andy Burnham set to become prime minister

Economy Financial Times
Andy Burnham’s theory of government

His commitment to reining in outsourcing reflects his frustration at poor accountability

Economy Bloomberg
UNSW's Parker on US' 20% Cargo Toll in Strait of Hormuz

Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait …

Economy Financial Times
China’s monthly car exports surge past 1mn as overall trade soars

World’s leading exporter now also second-largest importer, Beijing says

Japan’s 20-Year Bond Sale Demand Stronger Than 12-Month Average
Economy Bloomberg
Japan’s 20-Year Bond Sale Demand Stronger Than 12-Month Average

Japan’s 20-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.

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