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Latest news from trusted sources around the world

Test Your ETF Knowledge In Our IQ Test
Economy Bloomberg
Test Your ETF Knowledge In Our IQ Test

Bloomberg's Joel Weber puts Scarlet Fu, Katie Greifeld, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." …

Economy Financial Times
Honeywell spin-off targets AI supply chain with $14.5bn deal for Element

Deal will create a leading advanced materials company with a combined enterprise value of roughly $29bn

Lone Pine Gains 43% in First Half on Long and Short Bets
Economy Bloomberg
Lone Pine Gains 43% in First Half on Long and Short Bets

Lone Pine Capital posted a 43% gain for its hedge fund investors through June, notching one of its best-ever starts to a year and landing …

Economy Financial Times
Toronto nude spot emerges as unlikely flashpoint over Canada investment

Airport expansion crucial to $1tn foreign investment plan threatens the birthplace of country’s gay pride movement

Economy Financial Times
Hedge fund run by ex-OpenAI researcher bets on SK Hynix’s US IPO

Situational Awareness joins UK investor Baillie Gifford backing the South Korean memory maker’s American debut

Economy Financial Times
Infantino defends Fifa integrity after Trump intervention over banned player

Governing body under scrutiny after US president admits asking for review into one-match ban given to Folarin Balogun

Economy Financial Times
The next frontier for defence companies is the deep blue sea

Countries have a whole host of relatively new vulnerabilities lying on the seabed

Economy Financial Times
Germany to borrow €800bn for rearmament in historic shift

Chancellor Friedrich Merz’s debt-fuelled spending not seen since German reunification

Jessica Noviskis on Market Uncertainty Surrounding AI Rally
Economy Bloomberg
Jessica Noviskis on Market Uncertainty Surrounding AI Rally

Marquette Associates OCIO Portfolio Strategist Jessica Noviskis, discusses the current market environment and how Marquette Associates is investing. She speak with Guy Johnson on July …

Germany to Sweeten Terms of Gas Plant Auction to Draw More Bids
Economy Bloomberg
Germany to Sweeten Terms of Gas Plant Auction to Draw More Bids

Germany will lift the maximum amount it will pay developers in upcoming auctions for gas-fired power plants as it seeks to attract more bids for …

Professional Soccer in the US Has Been Waiting for This Moment Says Shawn Quill
Economy Bloomberg
Professional Soccer in the US Has Been Waiting for This Moment Says …

Shawn Quill, Sports Industry Leader at KPMG US, discusses the economic impact of the World Cup and how it will affect the growth of soccer …

Ontario, Alberta Pitch Cross-Canada Oil Pipeline to Ease US Reliance
Economy Bloomberg
Ontario, Alberta Pitch Cross-Canada Oil Pipeline to Ease US Reliance

Alberta and Ontario proposed a crude oil pipeline and energy corridor across Canada as a way of reducing the country’s dependence on the US.

Economy Financial Times
Lockheed Martin strikes $3.5bn deal for subsea tech group

Tie-up comes amid surge of interest in defence technology, as Thales unveils planned purchase of French naval drone maker

Economy Financial Times
Citi to join ‘club’ of clearing banks controlling London gold market

Bank to join JPMorgan, UBS, ICBC and HSBC as first new clearing member for world’s largest physical gold market in a decade

Economy Financial Times
Microsoft axes 4,800 jobs as it resets Xbox

Gaming unit under pressure from weak margins and the industry’s sharp hardware downturn

Quant Funds Extend Worst Run Since 2023 as Momentum Swings
Economy Bloomberg
Quant Funds Extend Worst Run Since 2023 as Momentum Swings

A violent rotation in the underbelly of a bullish stock market is extending the worst run for quantitative hedge funds since 2023.

Canadians Skeptical of Carney’s Push to Open Airports to Private Investment
Economy Bloomberg
Canadians Skeptical of Carney’s Push to Open Airports to Private Investment

A slim majority of Canadians oppose allowing private investment in airports, a new poll shows, as Prime Minister Mark Carney explores selling stakes in the …

Indonesia, Singapore Reaffirm Free Passage in Strait of Malacca
Economy Bloomberg
Indonesia, Singapore Reaffirm Free Passage in Strait of Malacca

Indonesia and Singapore pledged anew to keep the Strait of Malacca open as Middle East tensions reignite concerns about the freedom of navigation in the …

Economy Financial Times
Trump escalates Meloni feud with ‘restraining order needed’ post

US president renews attack on Italian leader who was previously his most devoted European ally

Economy Financial Times
Millions attend funeral procession for Ayatollah Ali Khamenei

Event in Tehran expected to be centrepiece of one of the regime’s largest public displays of support

Hungary Selling First Eurobond to Harvest Post-Orban Rally
Economy Bloomberg
Hungary Selling First Eurobond to Harvest Post-Orban Rally

Hungary is selling its first international bond since Viktor Orban’s ouster in April’s watershed election triggered a plunge in borrowing costs.

Economy Financial Times
EasyJet reaches outline agreement on £5.5bn takeover by Castlelake

UK airline’s board says it is minded to recommend proposal by US private credit group

Economy Financial Times
To improve policing, fix its talent problem

The job of chief constable has become so big that hardly anyone wants to do it

Copper and Aluminum Advance on Fading Expectations for Rate Hike
Economy Bloomberg
Copper and Aluminum Advance on Fading Expectations for Rate Hike

Copper rose for a third day and aluminum extended a rebound from a four-month low, supported by fading expectations that the Federal Reserve will raise …

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