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Latest news from trusted sources around the world

Economy Financial Times
Russian shadow tankers avoid English Channel after naval interceptions

Crackdown by European navies forces sanctioned vessels to take circuitous north Atlantic route around UK

ECB’s Lagarde Will Attend Next Week’s Ecofin Instead of Vujcic
Economy Bloomberg
ECB’s Lagarde Will Attend Next Week’s Ecofin Instead of Vujcic

European Central Bank President Christine Lagarde will be attending next week’s meeting of European Union finance ministers in Brussels instead of her vice president.

ECB’s Nagel Stresses Need for Vigilance at Next Rate Decision
Economy Bloomberg
ECB’s Nagel Stresses Need for Vigilance at Next Rate Decision

The European Central Bank should stay watchful for inflation risks and keep its options open, Governing Council member Joachim Nagel said.

Economy Financial Times
Top official recuses herself from NHS Palantir contract decision after business links

MPs had raised concerns over Samantha Jones’s previous consulting work

CPP Invests $1.75 Billion in EQT’s AI Buildout
Economy Bloomberg
CPP Invests $1.75 Billion in EQT’s AI Buildout

Canada Pension Plan Investment Board will invest $1.75 billion to support EQT AB’s artificial intelligence infrastructure buildout, it announced Friday.

Economy Financial Times
Trump doubles down on support for Venezuela’s Delcy Rodríguez

Washington is tying itself closely to a government that faces public anger over its response to devastating earthquakes

Argentina Pushes $6 Billion in Repo Maturities Past Election
Economy Bloomberg
Argentina Pushes $6 Billion in Repo Maturities Past Election

Argentina’s central bank extended maturities worth $6 billion on its repurchase agreements — or repos — to ease the government debt burden going into the …

Economy Financial Times
Forecasting recessions? GLWT

Alphaville 🤜 🤛 The Economics Show

Defense Sector to Remain Dynamic: Euronext CEO Boujnah
Economy Bloomberg
Defense Sector to Remain Dynamic: Euronext CEO Boujnah

Euronext CEO Stephane Boujnah says the defense sector will remain dynamic as Europe ramps up military spending and investors continue to back the industry. He …

Economy Financial Times
Failings on defence leave Britain cruelly exposed

A desperate urge to save money has led the UK to ignore the dangerous new realities

Toronto Stocks Enjoy Broad Gains After New Pipeline Proposal
Economy Bloomberg
Toronto Stocks Enjoy Broad Gains After New Pipeline Proposal

Canada’s stocks benchmark climbed Friday morning after Prime Minister Mark Carney unveiled a new pipeline project to the country’s West Coast.

OPEC Output Surged in June as Hormuz Flows Jumped, Survey Shows
Economy Bloomberg
OPEC Output Surged in June as Hormuz Flows Jumped, Survey Shows

OPEC’s crude oil production surged last month as Persian Gulf members restored exports through the Strait of Hormuz amid a peace accord between the US …

Economy Financial Times
Trump will oppose heavy US AI regulation, says outgoing tech adviser

Sriram Krishnan tells the FT the president is against a centralised regulator as AI backlash grows

Economy Financial Times
Brent could fall to $60 a barrel by Christmas, forecasts Citi

Bearish forecast comes as Wall Street analysts predict oil market will return to surplus

Economy Financial Times
Albania’s flamingos meet the Trump family bulldozers

Jared Kushner and Ivanka Trump plan a luxury residential complex that locals say will threaten a natural reserve

Economy Financial Times
Taking the measure of the UK as a financial service centre

Turning a data-fuelled quantitative international ranking project into a thing about London

US Stocks Post Largest Outflows in Over Three Months, BofA Says
Economy Bloomberg
US Stocks Post Largest Outflows in Over Three Months, BofA Says

Investors are turning away from US stocks at the fastest pace since March, according to Bank of America Corp.

HSBC, Standard Chartered Weigh SRTs as Asia-Linked Deals Ramp Up
Economy Bloomberg
HSBC, Standard Chartered Weigh SRTs as Asia-Linked Deals Ramp Up

HSBC Holdings Plc is laying the groundwork for a significant risk transfer linked to a portfolio of Asia-Pacific loans as it ramps up use of …

Taiwanese Brokerage Yuanta Taps Banks for $1.3 Billion of Loans
Economy Bloomberg
Taiwanese Brokerage Yuanta Taps Banks for $1.3 Billion of Loans

Yuanta Securities Co., Taiwan’s largest brokerage, and its subsidiary, are seeking up to NT$42 billion ($1.3 billion) through two syndicated loans, according to people familiar …

Economy Financial Times
Burnham’s council homes plan poses thorny delivery question

Rebuilding needed but proposals still lack detail on local control and funding within Labour’s fiscal constraints

Economy Financial Times
Hamish Powell gives a botanist’s guide to London

Camellias in Chiswick, topiary in Islington, orchids in Kew: what to see where

Food Prices Ease in June as Focus Shifts From War to Crops
Economy Bloomberg
Food Prices Ease in June as Focus Shifts From War to Crops

Global food prices edged lower as a ceasefire between the US and Iran reduced concerns of further disruptions to supply chains.

European Stocks at Record, Book Fourth Straight Week of Gains
Economy Bloomberg
European Stocks at Record, Book Fourth Straight Week of Gains

European stocks advanced on Friday, closing at a record high and recording a fourth straight week of gains as investors remained optimistic that the Federal …

Yen Strengthens as Traders Brace for Holiday Intervention Risk
Economy Bloomberg
Yen Strengthens as Traders Brace for Holiday Intervention Risk

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities …

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