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Latest news from trusted sources around the world

MSCI Upgrades Bulgaria to Frontier; Vietnam, Argentina Unchanged
Economy Bloomberg
MSCI Upgrades Bulgaria to Frontier; Vietnam, Argentina Unchanged

MSCI Inc. reclassified Bulgaria as a frontier market, while indicating no changes to Argentina’s and Vietnam’s status in its latest review of global stock indexes.

MSCI Delays Indonesia’s Market Status Review Until November
Economy Bloomberg
MSCI Delays Indonesia’s Market Status Review Until November

MSCI Inc. again decided to postpone its review on Indonesian equities, saying it needs more time to see whether recently announced transparency reforms are effective.

Economy Financial Times
AI money floods NY primary race in test of Big Tech’s political …

Donors target pro-regulation Democrat Alex Bores in race against Kennedy scion Jack Schlossberg

Economy Financial Times
US chipmakers lead Wall Street slide on rate rise worries

Nasdaq declines for second day with companies such as Nvidia under pressure

Economy Financial Times
Acclaimed bankruptcy lawyer James Sprayregen set to join Paul Weiss

Former Kirkland & Ellis partner helped turn firm into a restructuring powerhouse

Economy Financial Times
Alibaba sues Pentagon over inclusion on Chinese military blacklist

Ecommerce giant claims US defence department’s ‘arbitrary and capricious’ decision lacked evidence

Economy Financial Times
SpaceX pitches investors juicy yields in $25bn bond deal

Bankers upsize offering after high borrowing costs lure investors

Economy Financial Times
UK tax loophole used by Shein will not be closed until October …

Retailers say slow pace of action undermines efforts to rejuvenate high streets

Economy Financial Times
Labour MPs consider backing challenger to Burnham

Favourite for next prime minister due to deliver speech on economic policy next week

Economy Financial Times
UK tax gap widens despite government crackdown

Provisional estimates for the 2024-25 year show figure has risen to £59.2bn

Economy Financial Times
The 10 headaches Starmer is handing to Burnham

From energy to education and industry to immigration, the prime minister-in-waiting has to clarify his policies

Economy Financial Times
Putin sours on Trump over his latest Ukraine shift

US president ‘impressed’ with Ukrainian drones hitting targets deep into Russia, say officials

Porsche Looks to Reduce Complexity by Cutting Models
Economy Bloomberg
Porsche Looks to Reduce Complexity by Cutting Models

Porsche AG confirmed its profit outlook for the year as it pushes to become leaner to revive margins battered by US tariffs and weak demand …

Economy Bloomberg
Oil Steadies While Tankers Openly Enter Hormuz After Peace Deal

Oil steadied while tankers become more overt in transiting the Strait of Hormuz following an agreement between Iran and the US to end their conflict. …

Economy Financial Times
Fairytale economics holds the UK back

Without growth, mainstream politics is doomed. Burnham’s Labour must stop telling stories that hold it back

Economy Financial Times
Andrew Tate must return to UK before being told accusers’ identity, say …

Influencer and his brother, who face charges including rape, claim that anonymity of alleged victims prevents fair trial

Economy Bloomberg
Greenspan’s Legacy, From Irrational Exuberance to 2008 Crisis

Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, many from former colleagues and market players …

Israel Weighs US IPO for Major State-Owned Defense Firms
Economy Bloomberg
Israel Weighs US IPO for Major State-Owned Defense Firms

Israel is considering listing state-owned defense giants Israel Aerospace Industries Ltd. and Rafael Advanced Defense Systems Ltd. in the US to potentially avoid stricter disclosure …

Strongest Dollar This Year Pressures EM Currencies and Stocks
Economy Bloomberg
Strongest Dollar This Year Pressures EM Currencies and Stocks

Most developing-world currencies weakened against the dollar on Tuesday as the greenback climbed to its strongest level of the year, amid a risk-off mood triggered …

NYC Heads to Polls With Democrats Split Over Age, AI, Israel
Economy Bloomberg
NYC Heads to Polls With Democrats Split Over Age, AI, Israel

New York City is living through the noisiest Congressional primary season in a generation.

Economy Financial Times
FirstFT: Global markets slump as tech sell-off deepens

SpaceX shares tumble after its blockbuster debut, also sending Asian and European markets downwards

Bristow Is Said to Near Berry Aviation Deal in Government Push
Economy Bloomberg
Bristow Is Said to Near Berry Aviation Deal in Government Push

Bristow Group Inc. is nearing an acquisition of privately held Berry Aviation Inc. as it seeks to expand in the government services sector, according to …

High Frequency Traders Expand Push Into Currency Options Market
Economy Bloomberg
High Frequency Traders Expand Push Into Currency Options Market

High-speed trading firms are making fresh inroads into the currency options market, with IMC Trading and Susquehanna International Group expanding globally and Optiver Holding pursuing …

Economy Financial Times
Peter Murrell sentenced to five years for embezzling SNP funds

Estranged husband of Nicola Sturgeon pleaded guilty to charges last month

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