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Latest news from trusted sources around the world

Emerging-Market Currencies Plunge on Blowout US Jobs Report
Economy Bloomberg
Emerging-Market Currencies Plunge on Blowout US Jobs Report

Currencies in the developing world sank after a blowout US jobs report provided the clearest sign yet that the labor market is breaking out of …

Economy Financial Times
Ireland’s Phil Hogan eyes European return with bid for top UN food …

Also in this newsletter: Denmark eyes closer EU bonds

Economy Financial Times
FirstFT: SpaceX lines up retail investors for record IPO allocation

Also in today’s newsletter: Mythos at NSA and PwC partner payouts

Economy Financial Times
Wall Street’s red carpet for SpaceX

Banks and stock exchanges have bent over backwards for the historic IPO of Elon Musk’s rocket company

China’s Crowded Solar Industry Pivots to New Areas of Growth
Economy Bloomberg
China’s Crowded Solar Industry Pivots to New Areas of Growth

China’s solar industry is tacitly admitting something it has feared for years: it doesn’t know how to escape chronic overcapacity that has weighed on profits.

AllianzGI Is Said in Exclusive Talks to Buy UOB Asset Management
Economy Bloomberg
AllianzGI Is Said in Exclusive Talks to Buy UOB Asset Management

Allianz Global Investors is in exclusive talks to buy the asset management division of Singapore’s United Overseas Bank Ltd., according to people familiar with the …

Industrial Metals Swing Lower Ahead of Key US Jobs Report
Economy Bloomberg
Industrial Metals Swing Lower Ahead of Key US Jobs Report

Copper slid, and other industrial metals also fell, as caution swept through risk assets before key US employment data that could shape expectations for Federal …

Economy Financial Times
Can India’s central banker calm the country’s growing economic fears?

Also in this newsletter: Gen Z gets political

Vingroup’s 1,000% Surge Tests Limits of Vietnam’s Market Boom
Economy Bloomberg
Vingroup’s 1,000% Surge Tests Limits of Vietnam’s Market Boom

Blistering gains in Vietnam’s biggest stock have confounded seasoned analysts and set off a frenzy among retail traders, raising doubts about how long the rally …

Economy Financial Times
Mountbatten-Windsor earned rent by subletting Royal Lodge properties

Revelation raises further questions about former prince’s lease with the Crown Estate

Economy Financial Times
Burnham confirms he will seek to replace Starmer as UK prime minister

Greater Manchester mayor says he will aim to join a Labour leadership race if he wins upcoming by-election

Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
Economy Bloomberg
Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap

Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report …

Oil Steadies After First Drop This Week on Peace Talk Optimism
Economy Bloomberg
Oil Steadies After First Drop This Week on Peace Talk Optimism

Oil steadied after its first decline this week, as optimism over US-Iran peace talks weighed against uncertainty surrounding a ceasefire deal between Israel and Lebanon.

SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P
Economy Bloomberg
SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P

S&P Dow Jones Indices will keep its existing eligibility requirements for benchmarks including the S&P 500, closing the door to fast entry for big tech …

Mythos AI Model Finds Hundreds of Vulnerabilities in Firefox
Economy Bloomberg
Mythos AI Model Finds Hundreds of Vulnerabilities in Firefox

Raffi Krikorian, chief technology officer at Mozilla, said that it's important identify and start to close a bunch of critical vulnerabilities to mitigate risks as …

Chip Stock Slump Rekindles Wall Street’s Buy-the-Dip Habit
Economy Bloomberg
Chip Stock Slump Rekindles Wall Street’s Buy-the-Dip Habit

As chipmakers suffered their worst day in more than two weeks, there were signs that some traders are betting the selloff will be short-lived.

Private Credit Deterioration Slow, Contained: Robson
Economy Bloomberg
Private Credit Deterioration Slow, Contained: Robson

Meghan Robson, head of US credit strategy at BNP Paribas, and Sonali Pier, portfolio manager: multi-sector credit at PIMCO, join Katie Greifeld on "Bloomberg Real …

Economy Financial Times
Broadcom suffers $285bn rout as revenue outlook disappoints

Chip company notches one of the biggest valuation wipeouts on record as shares drop 12% on Thursday

Economy Financial Times
Trump family’s planned luxury resort sparks protests in Albania

Demonstrators oppose $4bn resort backed by investment firm founded by US president’s son-in-law Jared Kushner

Economy Financial Times
US National Security Agency using Anthropic’s Mythos for cyber attacks

Arrangement comes as AI lab is locked in legal battle with Pentagon over Claude model

Economy Financial Times
Mandelson investigation may take more than a year, says top UK prosecutor

Director of Public Prosecutions says same dynamic applied to the investigation into former prince Andrew

Economy Financial Times
HSBC placed under formal investigation over Lebanese central bank scandal

French prosecutors bring preliminary charges against bank’s Swiss unit over allegations linked to former governor Riad Salameh

Economy Financial Times
Tech groups find a new way to monetise AI hype: selling volatility

Elevated convertible bond issuance is, at heart, a response to the market being twitchier than usual

US-Iran Talks Progress Stalls After Hezbollah Rejects Truce
Economy Bloomberg
US-Iran Talks Progress Stalls After Hezbollah Rejects Truce

There was no sign of progress in ceasefire talks between the US and Iran after the worst burst of violence in weeks and as the …

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