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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
US revokes waiver allowing Iranian oil sales after tanker strikes in Strait …

Qatari and Saudi ships among targets near Oman coast

US Strikes Iran and Blocks Oil Sales in New Test of Ceasefire
Economy Bloomberg
US Strikes Iran and Blocks Oil Sales in New Test of Ceasefire

The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its …

Economy Bloomberg
Why Hedge Funds Posted Such a Strong First Half

Hedge funds posted a strong first half with Lone Pine Capital posting a 43% gain and David Tepper’s Appaloosa Management returning 32%. Sridhar Natarajan has …

Economy Bloomberg
Midtown Manhattan Buildings Evacuated After Collapse Warning

Construction crews were pulled from a 37-story Midtown Manhattan building Tuesday morning after bricks were reported falling from the 21st floor, emergency officials said, prompting …

BNP Names Jain Global’s Gupta as Head of FICC Trading Americas
Economy Bloomberg
BNP Names Jain Global’s Gupta as Head of FICC Trading Americas

BNP Paribas SA has appointed Kavi Gupta — previously at multistrategy hedge fund Jain Global — as head of fixed income, currencies and commodities trading …

SK Hynix US Listing Said to Be Multiple Times Oversubscribed
Economy Bloomberg
SK Hynix US Listing Said to Be Multiple Times Oversubscribed

SK Hynix Inc.’s $28 billion US listing is multiple times oversubscribed ahead of pricing on Thursday, according to people familiar with the matter.

Brazil Treasury Has Patience and Cash to Ease Local Bond Stress
Economy Bloomberg
Brazil Treasury Has Patience and Cash to Ease Local Bond Stress

Brazil’s Treasury is ready to step up actions to alleviate stress in the nation’s 2.3-trillion-real ($447 billion) inflation-linked bond market that has been hit by …

Economy Financial Times
Trump signals reversal of Turkey F-35 ban

US president strikes friendlier tone with Turkish counterpart than Nato allies

Economy Financial Times
Top banking watchdogs issue stark warning over AI-driven cyber attacks

IT weaknesses could be exploited by frontier models in a ‘matter of minutes’, say ECB and ESRB

Economy Financial Times
South Africa suspends funds for Johannesburg over ‘wasteful’ spending

Africa’s richest city one of dozens of municipalities to be hit over alleged legal breaches

Economy Financial Times
Bank of England plans to ease capital rule for UK lenders

Officials say move intended to boost lending and support financial markets in a crisis

Economy Financial Times
Explosions shake Damascus as Macron visits

French president is first EU leader to travel to Syria since fall of Assad regime

Economy Financial Times
Farage bids to be ringmaster of his own circus

In forcing a by-election, the Reform UK leader is making the only smart move available to him

Economy Financial Times
Trump revives calls for US to control Greenland

US president threatens to withdraw all troops from Europe as he says he wants to take over Danish-owned Arctic island

Amazon’s New Bonds Get Cooler Reception as AI Debt Floods Market
Economy Bloomberg
Amazon’s New Bonds Get Cooler Reception as AI Debt Floods Market

When Amazon.com Inc. sold its biggest ever bond earlier this year, it was inundated with investor orders amid hype about the artificial intelligence boom. This …

Economy Financial Times
Burnham warned of ‘unsustainable’ public finances by UK fiscal watchdog

Office for Budget Responsibility’s annual report says urgent action is needed to cut spending

Economy Financial Times
Japanese wages continue to rise, boosting BoJ normalisation policy

Uptick in wages alongside inflation is what central bank wants to see to persist with lifting interest rates

Economy Financial Times
SpaceX wins bullish recommendations from Wall Street banks

Morgan Stanley gives Musk’s AI and rocket stock $300 price target as quiet period ends following record IPO

How Michaels Became an Unlikely Success
Economy Bloomberg
How Michaels Became an Unlikely Success

Arts and crafts store Michaels has gone from a "grandmother’s store" to an unlikely business success. Michelle Cheng breaks down how. (Source: Bloomberg)

Goldman Says Earnings to Drive More Gains in Asset-Heavy Stocks
Economy Bloomberg
Goldman Says Earnings to Drive More Gains in Asset-Heavy Stocks

Capital-intensive companies are likely to report solid earnings this season, further outperforming peers that are more reliant on human or digital assets, according to Goldman …

China Regulator Is Keeping a Close Eye on Susquehanna Case
Economy Bloomberg
China Regulator Is Keeping a Close Eye on Susquehanna Case

China’s securities watchdog said it is paying close attention to a legal case brought by Susquehanna International Group against alleged insider traders, after the US …

Czech Policymaker Cautions on Services Prices as Inflation Slows
Economy Bloomberg
Czech Policymaker Cautions on Services Prices as Inflation Slows

A Czech central banker signaled that tight monetary policy remains appropriate even after headline inflation slowed more than expected last month in the wake of …

A Token Grasp of the AI Boom Shows Trouble Brewing
Economy Bloomberg
A Token Grasp of the AI Boom Shows Trouble Brewing

The period of vertical ascent is probably over.

US Loses to Belgium in World Cup Match Amid Controversy
Economy Bloomberg
US Loses to Belgium in World Cup Match Amid Controversy

Team USA’s run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA’s decision …

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