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Latest news from trusted sources around the world

Economy Financial Times
How AI rebrands fail to deliver a lasting share price boost

Most of the groups that pivoted have not sustained their valuation gains, an FT analysis has found

Navy Chief Says US Needs More Warships
Economy Bloomberg
Navy Chief Says US Needs More Warships

Chief of Naval Operations Adm. Daryl Caudle says the US Navy needs a larger fleet, faster shipbuilding and expanded munitions production to meet growing global …

US Iran Talks Face Persistent Impasse
Economy Bloomberg
US Iran Talks Face Persistent Impasse

Bloomberg Economics analysts Becca Wasser and Dina Esfandiary say the US and Iran remain far apart on key issues, with intermittent strikes and negotiations likely …

Can the Tax System Keep Up with Trillionaires?
Economy Bloomberg
Can the Tax System Keep Up with Trillionaires?

Elon Musk has become the world’s first trillionaire following SpaceX’s record-breaking IPO, creating a fortune unlike anything seen in modern history. Nobel Laureate Paul Krugman …

Hormuz Reopening Faces Costly Hurdles
Economy Bloomberg
Hormuz Reopening Faces Costly Hurdles

Senior Fellow at the Council on Foreign Relations Clara Gillespie says Gulf energy flows face an uncertain recovery as producers work to clear ships, bring …

Hormuz Dispute Clouds US Iran Diplomacy
Economy Bloomberg
Hormuz Dispute Clouds US Iran Diplomacy

Bloomberg News Middle East reporter Dan Williams says negotiations between the US and Iran remain focused on securing freedom of navigation through the Strait of …

Fuel Prices Are Slamming Consumers Even as Crude Crisis Fades
Economy Bloomberg
Fuel Prices Are Slamming Consumers Even as Crude Crisis Fades

Prices for gasoline, diesel and jet fuel are rebounding even as crude oil eases, a rare divergence that’s swelling costs for peak-season travelers and threatening …

Stocks Priced for ‘Sunshine and Rainbows’ Now Face Earnings Test
Economy Bloomberg
Stocks Priced for ‘Sunshine and Rainbows’ Now Face Earnings Test

Wall Street is anticipating a near-record earnings season, but for investors a key question remains: Will it be enough to keep stock market bulls running?

Economy Financial Times
Democrats’ strategic misfires laid bare by Platner’s implosion in Maine

The party faces a void in its bid to reclaim the Senate after missing warning signs about a flawed candidate

The World’s First Trillionaire and the Company He Won’t Let Go
Economy Bloomberg
The World’s First Trillionaire and the Company He Won’t Let Go

Elon Musk made history last month.

Economy Financial Times
Trump ups the pressure on US companies in drive to lower prices

Critics fear shift to ‘hyper-populist playbook’ as inflation lingers

EasyJet Has Private Equity Firms Going Out of Their Comfort Zone
Economy Bloomberg
EasyJet Has Private Equity Firms Going Out of Their Comfort Zone

The aviation industry has seen plenty of deals activity in recent years, but the battle between two US funds for EasyJet Plc stands out because …

Economy Financial Times
Marine Le Pen’s redemption story

Suspense over the far-right leader’s fate plays into her party’s hands

Economy Financial Times
UK inflation is not distributed equally

The poorest pay the most in an energy shock

China Tells Refiners to Keep Fuel Output High as Iran War Drags
Economy Bloomberg
China Tells Refiners to Keep Fuel Output High as Iran War Drags

China instructed some major refiners to keep fuel production high, according to people familiar with the matter, in an effort to protect domestic consumers as …

Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole
Economy Bloomberg
Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole

The global energy situation could deteriorate further as oil inventories decline and competition for supplies intensifies, Eni SpA’s Chief Executive Officer Claudio Descalzi told Italian …

China Power Load Hits Early Record as Data, EV Demand Rises
Economy Bloomberg
China Power Load Hits Early Record as Data, EV Demand Rises

China’s nationwide electricity load reached a record high for the first time this year on July 10, hitting 1.518 billion kilowatts, the National Energy Administration …

VW CEO Under Pressure as Labor Unions Torpedo Revival Plan
Economy Bloomberg
VW CEO Under Pressure as Labor Unions Torpedo Revival Plan

Volkswagen AG Chief Executive Officer Oliver Blume is facing an uphill battle to push through a fundamental overhaul of Europe’s biggest carmaker after failing to …

Economy Financial Times
Sadiq Khan lobbies for Ed Miliband to become chancellor

Energy secretary wins support from London mayor but faces opposition from some Labour MPs over his net zero policies

Economy Financial Times
Inside the risky race through the Strait of Hormuz

Vessels that dare to use route close to Oman’s coast face increased risk of Iranian missiles

Economy Financial Times
Wealthy warned over HMRC’s use of AI in tax crackdown

Advisers put rich on alert after authority says digital tools brought in billions in tax last year

Economy Financial Times
Prepare for a perilous summer in markets

Potential hotspots include a reformist new Fed chair, weak Japanese yen and high-stakes earnings season

Economy Financial Times
London rental affordability improves despite recent rise

The salary needed to afford a rental home in the capital has fallen by 17% in the past year

Economy Financial Times
Europe’s slow electrification is a ‘major mistake’, warns IEA chief

Fatih Birol says EU should have moved faster to achieve energy independence after 2022 gas crisis

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