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Latest news from trusted sources around the world

Economy Financial Times
Unseating Starmer: Burnham’s next move

Plus, what Reform’s Makerfield defeat means for Farage

Economy Financial Times
Third Heathrow runway would add just 0.05% to UK GDP, government finds

Forecast by Department for Transport is a tenth of level predicted by the airport

Canada Imposes Temporary 10% Tariff on Canned Vegetables
Economy Bloomberg
Canada Imposes Temporary 10% Tariff on Canned Vegetables

Canada applied a 10% import tax on imports of canned vegetables to protect domestic growers and food processors, the Department of Finance said in a …

Brookfield Is Said to Lead Bidding for Drahi’s XpFibre Business
Economy Bloomberg
Brookfield Is Said to Lead Bidding for Drahi’s XpFibre Business

Brookfield Asset Management Ltd. is emerging as the frontrunner to acquire a controlling stake in telecom tycoon Patrick Drahi’s French fiber optic company XpFibre, according …

Economy Financial Times
Gold coin salesmen orchestrated plot to set up rival, court finds

Ex-employees of Hattons of London took confidential customer data amid a booming market for bullion

Economy Financial Times
Makerfield by-election as it happened: Starmer’s allies insist he is ready to …

Andy Burnham’s victory in Makerfield clears path for attempt to become Labour leader and prime minister

Economy Financial Times
Britain needs a Labour contest, not a coronation

Andy Burnham should be tested on his policies against other leadership contenders

Economy Financial Times
‘Beware small states’: why Lebanon endangers the unfinished Israel-Iran war

The country carries the seeds of escalation that could undo Trump’s tenuous deal with Tehran

Aspen Disruption Triggers South Africa Contraceptive Shortage
Economy Bloomberg
Aspen Disruption Triggers South Africa Contraceptive Shortage

A disruption at Aspen Pharmacare Holdings Ltd.’s manufacturing facilities has led to shortages of oral contraceptives across South Africa, according to the health department and …

Car Dealer Global Auto Is Said to Weigh Toronto IPO This Year
Economy Bloomberg
Car Dealer Global Auto Is Said to Weigh Toronto IPO This Year

Global Auto Holdings Ltd., the owner of car dealer franchises including the UK’s Lookers, is exploring an initial public offering in Toronto, according to people …

Tanker in Persian Gulf Resumes Voyage to Hormuz After U-Turn
Economy Bloomberg
Tanker in Persian Gulf Resumes Voyage to Hormuz After U-Turn

An oil supertanker is once again heading from the Persian Gulf toward the Strait of Hormuz after briefly reversing direction.

Economy Financial Times
Warsh’ed and gleaned

The new Fed chair’s first meeting contained enough information to move rate markets higher

Economy Financial Times
EU set to remove barriers to banks’ cross-border capital flows

Draft report by European Commission aims to boost performance of lenders in bloc compared with US rivals

Economy Financial Times
Russian central bank chief’s absence stirs succession talk

Elvira Nabiullina was a no-show at several recent high-profile events, sparking speculation about a shake-up

‘Take Risk’: Canada Regulator Cuts Bank Capital Level to Boost Lending
Economy Bloomberg
‘Take Risk’: Canada Regulator Cuts Bank Capital Level to Boost Lending

Canada’s financial regulator lowered capital requirements for the country’s largest banks for the first time in three years, giving them the flexibility to lend more …

India Stock Regulator Lets Firms Buy Back Shares From Market
Economy Bloomberg
India Stock Regulator Lets Firms Buy Back Shares From Market

India’s securities regulator will reintroduce open-market buybacks for companies, a move that could bolster shares prices as local equities have lagged global peers.

Vitol Won Emergency Zambia Fuel Deal That Drew IMF Scrutiny
Economy Bloomberg
Vitol Won Emergency Zambia Fuel Deal That Drew IMF Scrutiny

Vitol Group is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund …

Economy Financial Times
EU official’s outreach to Russia backfires

Leaders balk at António Costa’s attempt to talk to Vladimir Putin

Santander Surpasses Inditex as Spain’s Most Valuable Company
Economy Bloomberg
Santander Surpasses Inditex as Spain’s Most Valuable Company

Banco Santander SA has become Spain’s most valuable listed company, overtaking Zara owner Inditex SA for the first time in eight years.

Indian Banks Line Up $2.5 Billion Debt Sales Using RBI Swap
Economy Bloomberg
Indian Banks Line Up $2.5 Billion Debt Sales Using RBI Swap

At least four lenders including the State Bank of India are preparing to raise about $2.5 billion selling bonds in the coming weeks, tapping a …

US Stocks Draw Record Weekly Inflows as Investors Pile Into Tech
Economy Bloomberg
US Stocks Draw Record Weekly Inflows as Investors Pile Into Tech

US stocks attracted record inflows last week as investors piled into the technology sector, according to Bank of America Corp. strategists.

Economy Financial Times
Can anyone stop Burnham from becoming Labour leader?

The Makerfield by-election winner is by far the favourite in the contest

Economy Financial Times
Reaching a nuclear deal with Iran will be much harder than in …

Tehran’s position has hardened and trust has declined in the years since the JCPOA

Economy Financial Times
Iran postponed US talks due to Israeli strikes on Lebanon, diplomats say

Tehran pushes back nuclear negotiations in Switzerland following attacks

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