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Latest news from trusted sources around the world

AI Cost Reality Check Hits Asia Tech Stocks as Apple Hikes Price
Economy Bloomberg
AI Cost Reality Check Hits Asia Tech Stocks as Apple Hikes Price

Asian technology stocks slumped after Apple Inc. and Microsoft Corp. raised prices for their products, stoking concern that rising component costs will curb demand for …

China’s Collapsing Crude Oil Imports to Fall Further in June
Economy Bloomberg
China’s Collapsing Crude Oil Imports to Fall Further in June

The world’s top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the …

Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return
Economy Bloomberg
Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return

Aluminum headed for a fourth weekly decline, the longest losing streak since April 2025, as a renewed selloff in Asian tech stocks added to pressure …

Philippines, UAE and Indonesia to Start CPTPP Accession Talks
Economy Bloomberg
Philippines, UAE and Indonesia to Start CPTPP Accession Talks

The Philippines, United Arab Emirates and Indonesia will start talks about joining a regional trade bloc, the next step for the three in efforts to …

Korean Stocks Tumble 9% on Chip Selloff, Triggers Trading Halt
Economy Bloomberg
Korean Stocks Tumble 9% on Chip Selloff, Triggers Trading Halt

South Korean stocks were hit by a second trading suspension this week as chipmakers plunged, highlighting the market’s sensitivity to swings in global artificial-intelligence sentiment.

Economy Financial Times
Noel Tata: How we made fashion one of our biggest businesses

Noel Tata and P Venkatesalu on the fast-growing retail chain you have likely never heard of

Economy Financial Times
Attack in Strait of Hormuz halts evacuation plan for stranded ships

International Maritime Organization announces pause after container ship was hit by ‘unknown projectile’

Economy Financial Times
Will strongman general’s push for US-Iran peace pay off for Pakistan?

Islamabad elites are pinning their hopes on an agreement that could unlock financial support

Economy Financial Times
Trump administration asks OpenAI to stagger release of new model to vet …

The US Treasury, commerce department and other government offices request limited distribution of GPT 5.6

Economy Financial Times
Dimon upends succession race at JPMorgan again

Longtime lieutenant Marianne Lake recently informed she was no longer a CEO contender as new top deputies are named

Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls
Economy Bloomberg
Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls

Only a year ago, Wall Street banks couldn’t come up with enough reasons to sell the dollar. Whether it was de-dollarization, “hedge America” or the …

Oil Resumes Drop as Ships Keep Crossing Hormuz Despite Attack
Economy Bloomberg
Oil Resumes Drop as Ships Keep Crossing Hormuz Despite Attack

Oil headed for the biggest weekly drop in a month after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship …

Stocks Waver at End of Bruising Week for AI Trade: Markets Wrap
Economy Bloomberg
Stocks Waver at End of Bruising Week for AI Trade: Markets Wrap

US stocks edged higher as dip buyers stepped in after a tumultuous week for chipmakers. Oil prices tumbled with more ships crossing through the Strait …

HB Fuller CEO: Moving Portfolio Toward Faster Growth
Economy Bloomberg
HB Fuller CEO: Moving Portfolio Toward Faster Growth

HB Fuller CEO Celeste Mastin discusses the business of adhesives as they agree to acquire UK-listed AMS. She speaks with Romaine Bostick and Katie Greifeld …

KBW’s McGratty: ‘Bench Is Very Deep’ for JPM Succession
Economy Bloomberg
KBW’s McGratty: ‘Bench Is Very Deep’ for JPM Succession

KBW US Bank Research Head Chris McGratty discusses Marianne Lake leaving JPMorgan and what to expect with succession at the company. (Source: Bloomberg)

Economy Financial Times
India’s indigenous drone makers see orders surge for weaponised UAVs

Conflict in Iran pushes New Delhi to focus on domestic defence supply chains

OpenAI Leans Toward Waiting Until 2027 for IPO, NYT Says
Economy Bloomberg
OpenAI Leans Toward Waiting Until 2027 for IPO, NYT Says

OpenAI is leaning toward holding off on an initial public offering until 2027, the New York Times reported, citing three people involved in the company’s …

Economy Financial Times
Apple increases MacBook and iPad prices by 20%

iPhone maker loses $263bn in market capitalisation, blames costs on AI-driven memory shortage

Economy Financial Times
Micron shares jump as blockbuster results spark Wall Street tech shake-up

Apple’s stock slides after company unveils price rises linked to ‘unprecedented’ cost of memory chips

Economy Financial Times
Micron posts 15-fold profit surge in boost for global AI stocks

Chipmaker forecasts sustained demand for computer memory, boosting its shares and Asian markets

Economy Financial Times
Live special: Ten years after Brexit

Can the UK deliver change?

Economy Financial Times
Jair Bolsonaro’s wife accuses stepson of ‘stab in the back’ in election …

Former first lady Michelle lashes out at presidential candidate Flávio in social media video in latest setback to campaign

Fire Breaks Out at Delta Air Lines Refinery in Pennsylvania
Economy Bloomberg
Fire Breaks Out at Delta Air Lines Refinery in Pennsylvania

A fire broke out at Delta Air Lines Inc.’s refinery in Trainer, Pennsylvania, on Thursday.

Airfares Are Staying High Even as the Jet Fuel Crisis Fades
Economy Bloomberg
Airfares Are Staying High Even as the Jet Fuel Crisis Fades

A historic jet fuel crisis is now fading as prices fall globally, but US passengers are yet to see the benefit with airfares still elevated.

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