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Latest news from trusted sources around the world

Grasshopper Club Zurich Sold by LA Team to Bridge Football
Economy Bloomberg
Grasshopper Club Zurich Sold by LA Team to Bridge Football

Bridge Football Group has bought Grasshopper Club Zurich, one of Switzerland’s most storied football teams.

Honeywell Aerospace CEO on Separation, Defense Demand
Economy Bloomberg
Honeywell Aerospace CEO on Separation, Defense Demand

On the first day of trading following its spin-off from Honeywell International, Honeywell Aerospace CEO Jim Currier discussed the company's new status as a standalone …

Economy Financial Times
Foreign investors fear Japan is backsliding on reform

Pendulum ‘swinging back towards economic nationalism’, warns one private equity executive

Takaichi Aims to Shape Legacy With Unprecedented Economic Plan
Economy Bloomberg
Takaichi Aims to Shape Legacy With Unprecedented Economic Plan

Prime Minister Sanae Takaichi is staking her legacy as Japan’s first female premier on an unprecedented plan to reshape the country’s industrial base for decades …

Economy Financial Times
Maersk raises profit guidance as new US tariffs fuel demand

American companies rush to stockpile goods ahead of fresh round of levies

June Payrolls Expected to Boost Rate-Hike Bets
Economy Bloomberg
June Payrolls Expected to Boost Rate-Hike Bets

The FOMC’s tone at the June meeting, together with Chairman Kevin Warsh’s news conference, has raised the prospect of a near-term rate hike. Aditya Bhave, …

Congo Orders Cobalt Miners to Give Up Unused Export Quotas
Economy Bloomberg
Congo Orders Cobalt Miners to Give Up Unused Export Quotas

Cobalt miners in the Democratic Republic of Congo will be required to surrender unused export quotas for the first half of the year to a …

Economy Financial Times
Burnham has become more unpopular since Starmer’s resignation

Britain’s prime minister-in-waiting says the country is in a ‘rut’ and needs a shift of power away from Westminster

Rocket Lab to Buy Iridium in Challenge to SpaceX
Economy Bloomberg
Rocket Lab to Buy Iridium in Challenge to SpaceX

Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy …

Economy Financial Times
‘The risk of a deleveraging event is rising’

Morgan Stanley’s analysts are worried about quarter-end money tightness

Economy Financial Times
US says it has agreed deal with Iran to halt strikes and …

White House announces Steve Witkoff and Jared Kushner will fly to Doha for ‘high-level meetings’ but Tehran disputes that further negotiations have been confirmed

Economy Financial Times
Burnham vows to ‘rewire’ British state

UK’s prime minister-in-waiting takes aim at centralisation and promises voters help on living costs

Economy Financial Times
English cricket thrown into uncertainty by Ben Stokes’ chaotic exit

Abrupt retirement of brilliantly aggressive captain comes after tensions with sport’s hierarchy

Economy Financial Times
Supreme Court blocks Trump from sacking Fed governor Lisa Cook

Justices say the president can fire top regulator in a separate decision

Cook Stays at Fed But Trump Wins More Power Over Other Agencies
Economy Bloomberg
Cook Stays at Fed But Trump Wins More Power Over Other Agencies

The US Supreme Court reinforced the Federal Reserve’s independence from the White House, protecting governors from being fired by the president without proof of wrongdoing.

US Stocks Gain as Dip Buyers Lift Tech, Mideast Fighting Eases
Economy Bloomberg
US Stocks Gain as Dip Buyers Lift Tech, Mideast Fighting Eases

Bargain hunters emerged to pick up beaten-down technology stocks on Monday, helping US stocks rally from last week’s declines.

Comcast Plans to Spin Off NBCUniversal in Strategy Reversal
Economy Bloomberg
Comcast Plans to Spin Off NBCUniversal in Strategy Reversal

Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a …

US and Iran Agree to Halt Attacks Ahead of Talks
Economy Bloomberg
US and Iran Agree to Halt Attacks Ahead of Talks

The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues. …

Israel, Lebanon Reach Framework Deal
Economy Bloomberg
Israel, Lebanon Reach Framework Deal

Israel, Lebanon, and the US reached an initial trilateral framework agreement aimed at paving the way for ending the conflict between Israel and Lebanon and …

China Births Two Robot Unicorns as Sector Funding Stays Strong
Economy Bloomberg
China Births Two Robot Unicorns as Sector Funding Stays Strong

Two Chinese robotics startups have been valued at more than $2.9 billion in recent funding rounds, demonstrating steady interest in the sector and boosting the …

Economy Financial Times
FirstFT: AI fuels record number of power sector deals

Also in today’s newsletter: Venezuela’s government faces backlash over earthquake response; and how top executives stay fit

Economy Financial Times
Britain’s case for meaningful devolution is overwhelming

Andy Burnham is right to argue for a shift in power but he has to manage political risk

Economy Financial Times
Samsung and SK Hynix plan $600bn chipmaking expansion

Companies to invest alongside South Korean government in factories to meet surging demand for memory chips

Economy Financial Times
China says it can withstand trade freeze ahead of EU talks

State media increases pressure in advance of high-stakes negotiations with Brussels

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