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Latest news from trusted sources around the world

EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO
Economy Bloomberg
EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO

Cumberland Farms Ltd, the gas station and convenience store operator, filed for a US initial public offering, joining a rush of debuts that’s powered a …

Florida’s Brightline Taps Reserves to Make Key Bond Payments
Economy Bloomberg
Florida’s Brightline Taps Reserves to Make Key Bond Payments

Brightline, the debt-laden Florida private railroad, tapped reserves to made a July 1 interest payment due to holders of its senior municipal bonds and corporate …

Economy Financial Times
Morgan McSweeney: ‘I felt guilty about what I’d done to Keir’

The former chief adviser to Keir Starmer forced out of his job over the Mandelson scandal talks for the first time about what went wrong

Economy Financial Times
Record-breaking ticket sales for British Museum’s Bayeux Tapestry show

More than £2.5mn raised in first allocation of tickets as hundreds of thousands of people queue online for hours

Economy Financial Times
Spain immigration amnesty draws 1.2mn applicants

More than twice the expected number of unauthorised immigrants applied for legal status, mostly from Latin America

Economy Financial Times
US unemployment ticks down in June, supporting hawkish Fed pivot

While job growth figures underwhelmed, the overall picture of the US labour market remains robust

US Stocks Give Up Jobs Report-Related Gains as Semis Pull Back
Economy Bloomberg
US Stocks Give Up Jobs Report-Related Gains as Semis Pull Back

US equities lost earlier gains as technology stocks trailed the S&P 500 Index for a second straight day, continuing the downturn after the rally seen …

Genneia Files for First Argentine IPO in the US Since 2019
Economy Bloomberg
Genneia Files for First Argentine IPO in the US Since 2019

Power producer Genneia SA filed for an initial public offering in New York, trying to become the first Argentine company to launch in the US …

Brazil Rail Operator Opens New Route to Boost Soymeal Exports
Economy Bloomberg
Brazil Rail Operator Opens New Route to Boost Soymeal Exports

Brazilian railway operator VLI SA is starting a new export route for soybean meal, addressing key bottlenecks as the country attempts to boost shipments of …

Economy Financial Times
Beijing plane crash pilot suffered from ‘insomnia and anxiety’, say police

Pilot who was living alone after divorce had made ‘repeated references’ to suicide in his diary, according to authorities

Morgan Stanley Among Banks Challenging Growing Dollar Optimism
Economy Bloomberg
Morgan Stanley Among Banks Challenging Growing Dollar Optimism

Currency strategists at Credit Agricole, Morgan Stanley and TD Securities are among those bucking the consensus call for a stronger dollar.

Economy Financial Times
Trump blocks long-term renewal of North America trade pact

Washington will hold annual reviews on terms of commerce with its biggest trading partners

Economy Bloomberg
Prasad: Oil Flow is Up But Market Uncertainty Remains

Oil extended its drop for a third day, as flows through the Strait of Hormuz climbed. Aathira Prasad, Director of Macroeconomics at Nasser Saidi & …

Economy Financial Times
What Hammersmith Bridge could teach Burnham

Devolved authorities do not face right or wrong choices, only trade-offs

Economy Financial Times
UK’s next census at risk if ONS fails to boost survey response …

Solving institutional crisis at the statistics agency will be ‘neither quick nor entirely linear’ says top official

Economy Financial Times
Russian drone campaign mapped Nato air defence gaps, study finds

Nearly 150 UAV incursions into more than a dozen European countries were made over 19 months, IISS report says

Economy Financial Times
Google loses appeal against record €4.1bn EU fine over Android

European Court of Justice decision marks a significant win for Brussels’ crackdown on Big Tech

Citi's Luet: China's Franchise Has Grown Very Strongly
Economy Bloomberg
Citi's Luet: China's Franchise Has Grown Very Strongly

Marc Luet, Head of Japan, Asia North & Australia and Banking at Citi, says the bank has seen the role of the yuan grow and …

Japan 10-Year Bond Sale Sees Weaker Demand Than 12-Month Average
Economy Bloomberg
Japan 10-Year Bond Sale Sees Weaker Demand Than 12-Month Average

Japan’s 10-year government bond auction drew weaker demand than the average for the past year on concerns the Bank of Japan isn’t raising rates quickly …

Iran’s Floating Oil Stockpile Swells as Major Buyers Stay Away
Economy Bloomberg
Iran’s Floating Oil Stockpile Swells as Major Buyers Stay Away

A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window …

Economy Financial Times
Last bastion for physical media falls as Sony dumps PlayStation discs

Move is first by a major console maker and sparks angry response from some gamers

Economy Financial Times
‘China’s Instagram’ targets male users as RedNote readies for IPO

Social media platform Xiaohongshu accelerates plans for Hong Kong listing

Korean Stocks Fall as Jitters Over Meta and Apple Hit Chipmakers
Economy Bloomberg
Korean Stocks Fall as Jitters Over Meta and Apple Hit Chipmakers

South Korean stocks slumped as Meta Platforms Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers.

Economy Financial Times
White House accelerates plans for AI model standards

Guidance to be announced as soon as next week after government intervention in Anthropic and OpenAI rollouts

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