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Latest news from trusted sources around the world

Inside the Palace: How Prabowo’s Circle Is Unnerving Investors
Economy Bloomberg
Inside the Palace: How Prabowo’s Circle Is Unnerving Investors

Unpredictable state intervention under Indonesia’s president is turning the emerging-market darling into a global laggard.

How the Iran War Is Leaving Lasting Scars Across Asia
Economy Bloomberg
How the Iran War Is Leaving Lasting Scars Across Asia

On today’s Big Take Asia podcast, we discuss how war in Iran hit Asia especially hard and why structural economic problems are likely to persist, …

Obama Foundation CEO Valerie Jarrett on Presidential Center Opening
Economy Bloomberg
Obama Foundation CEO Valerie Jarrett on Presidential Center Opening

On June 16th, Valerie Jarrett, CEO of The Obama Foundation, discusses the opening of the Obama Presidential Center. She discusses the importance of opening this …

Damodaran: AI Shaky, High-Potential Business for SpaceX
Economy Bloomberg
Damodaran: AI Shaky, High-Potential Business for SpaceX

On the third day of trading, SpaceX's market capitalization surged to approximately $2.7 trillion, positioning the company to surpass Amazon in market value. Joining the …

Exxon to Supply LNG to Help South Africa Reduce Reliance on Coal
Economy Bloomberg
Exxon to Supply LNG to Help South Africa Reduce Reliance on Coal

Exxon Mobil Corp. struck a preliminary deal to bring liquefied natural gas to South Africa, which will use the fuel to bolster its coal-reliant power …

Economy Financial Times
SpaceX leapfrogs Amazon to become world’s fifth-most valuable company

Elon Musk’s AI, rocket and satellite group also announces $60bn deal for AI coding app Cursor

Economy Financial Times
Yum Brands sells struggling Pizza Hut in bet on faster-growing businesses

KFC and Taco Bell owner to offload bulk of fast-food chain to private equity group as part of $2.7bn sale

Economy Financial Times
Notes from the FT Global Bond Summit

The reordering is happening in the asset class, too

Economy Financial Times
Oil sinks below $80 as traders bet Strait of Hormuz flows will …

Brent crude has tumbled to three-month low following agreement to extend US-Iran ceasefire

Economy Financial Times
BMW cuts profit guidance as Iran war adds to challenges in Chinese …

Carmaker expects operating margin in its automotive division to be 1-3% in 2026, a sharp fall from previous projections

Economy Financial Times
Australia-style approaches to social media ban may not work, Ofcom warns

Government considers putting age limits on virtual private networks to help enforce social media restrictions

L3Harris Missile Arm Axyv Picks JPMorgan, Morgan Stanley for IPO
Economy Bloomberg
L3Harris Missile Arm Axyv Picks JPMorgan, Morgan Stanley for IPO

L3Harris Technologies Inc., one of the largest US defense contractors, has selected banks to lead the initial public offering for Axyv, its missile unit, according …

A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day
Economy Bloomberg
A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day

Leveraged bets on SpaceX generated more than $1 billion of trading volume on their first day, as investors rushed to amplify wagers on the biggest …

Economy Financial Times
UK-EU summit set for July 22

Starmer seeks to flesh out plan for closer bilateral ties despite questions over his future as prime minister

Economy Financial Times
Ministers seek to limit costs of next UK offshore wind round

Price will be ‘absolute central factor’ in upcoming auction as government fights to defend its clean power strategy

Economy Financial Times
Reeves ‘hopes’ to fund defence without tax rises

UK chancellor says cabinet has to decide where to cut spending to pay for extra military budget

World Cup Exposes Growing Global Prediction Market Rift
Economy Bloomberg
World Cup Exposes Growing Global Prediction Market Rift

This year’s World Cup is the first since prediction markets like Kalshi and Polymarket exploded to popularity as a new way to bet on sports.

S&P 500 Slips as Semiconductor Stocks Take a Breather; SpaceX Extends Gains
Economy Bloomberg
S&P 500 Slips as Semiconductor Stocks Take a Breather; SpaceX Extends Gains

US stocks fell Tuesday, led lower by declines for technology companies after recent big gains.

Economy Financial Times
FirstFT: $300bn reconstruction fund to rebuild Iran

Also in today’s newsletter: Japan’s interest rates hit a 31-year high and private equity’s warning for law and accountancy

Economy Financial Times
Environment secretary casts doubt on £10bn Thames Water rescue

Emma Reynolds’ warning increases prospect of the nationalisation of Britain’s biggest water company

Jeff Currie Says Hormuz Flows May Not Normalize Until End of the Year
Economy Bloomberg
Jeff Currie Says Hormuz Flows May Not Normalize Until End of the …

Jeff Currie, executive co-chairman at Abaxx Markets, says “the uncertainty remains quite high” around the Strait of Hormuz as maintaining the US-Iran ceasefire will be …

Taiwan Frees Life Insurers to Deploy Capital in AI Projects
Economy Bloomberg
Taiwan Frees Life Insurers to Deploy Capital in AI Projects

Taiwan is easing regulations to give life insurers flexibility to invest in artificial intelligence projects, part of an ongoing campaign by authorities to redirect a …

Economy Financial Times
India blocks Telegram in bid to halt exam fraud

Temporary ban introduced after reports that last month’s medical entrance test papers had been leaked

Emerging FX Index Edges Up on Peace Deal Ahead of Fed Meeting
Economy Bloomberg
Emerging FX Index Edges Up on Peace Deal Ahead of Fed Meeting

An index for emerging-market currencies edged higher before the end-of-day adjustment Monday as traders weighed the interim peace deal between the US and Iran against …

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