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Latest news from trusted sources around the world

S. Korea’s Ruling Party Set for Big Election Win, Poll Shows
Economy Bloomberg
S. Korea’s Ruling Party Set for Big Election Win, Poll Shows

South Korea’s ruling Democratic Party is on track to win a clear majority of key local offices in a nationwide vote, providing President Lee Jae …

Economy Financial Times
What Henry Nowak’s murder does — and does not — tell us …

Kemi Badenoch says his killing needs to be seen as a ‘Stephen Lawrence moment’ but the failures in both cases differ

India Stays ‘Engaged’ With US as Trump Proposes New Tariffs
Economy Bloomberg
India Stays ‘Engaged’ With US as Trump Proposes New Tariffs

India said it remains in talks with the US after Washington proposed fresh tariffs on imports from major trading partners, adding that negotiations on a …

Economy Financial Times
US proposes tariffs of at least 10% after forced labour probe

White House makes first significant effort to resurrect sweeping tariffs since its defeat at US Supreme Court

China Picks State Firm to Help Coordinate Mining Deals Abroad
Economy Bloomberg
China Picks State Firm to Help Coordinate Mining Deals Abroad

China has chosen a new state investment company to help coordinate its overseas metals and mining deals, and counter mounting geopolitical risks that threaten its …

India Central Bank Says Report on Selling Gold Is Incorrect
Economy Bloomberg
India Central Bank Says Report on Selling Gold Is Incorrect

India’s central bank said a report that it’s selling gold is “not correct,” pointing to data showing its physical stock of gold has remained unchanged.

Economy Financial Times
OECD warns of ‘dark scenario’ if Gulf energy crisis drags on

Growth rates would tumble to levels rarely seen outside of major global events such as the Covid-19 pandemic

Economy Financial Times
Hyperscalers and the equity tap: more to come

Plus, corporate culture and returns

Goldman Lifts Kospi Target to 12,000, Upgrades Taiwan to Buy
Economy Bloomberg
Goldman Lifts Kospi Target to 12,000, Upgrades Taiwan to Buy

Goldman Sachs Group Inc. boosted its outlook for South Korean and Taiwanese stocks, as the artificial intelligence boom drives profits in the tech-heavy markets.

India’s Oil Demand Growth Set for Pandemic Low on War Crunch
Economy Bloomberg
India’s Oil Demand Growth Set for Pandemic Low on War Crunch

India’s oil demand growth this year could tumble to its lowest level since the pandemic as the fallout from the Middle East conflict saps fuel …

Copper Declines From Three-Week High as Traders Track Iran War
Economy Bloomberg
Copper Declines From Three-Week High as Traders Track Iran War

Copper fell from a three-week high amid pessimism over the outlook for a deal to end the Middle East war.

Guinea’s Simandou Iron Exports Surge Six Months After First Ore
Economy Bloomberg
Guinea’s Simandou Iron Exports Surge Six Months After First Ore

Exports from Guinea’s Simandou iron ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of …

Trump Begins Rebuilding His Tariff Wall Citing Forced Labor
Economy Bloomberg
Trump Begins Rebuilding His Tariff Wall Citing Forced Labor

The US is proposing new tariffs of at least 10% on imports from 60 trading partners in President Donald Trump’s biggest move to rebuild his …

India IT Stocks Soar as Nvidia CEO Huang Calms AI Disruption Fears
Economy Bloomberg
India IT Stocks Soar as Nvidia CEO Huang Calms AI Disruption Fears

March-quarter IT earnings point to a gradual pickup in growth, Centrum says.

Economy Financial Times
US and Iran exchange renewed fire as tensions rise over stalled peace …

Centcom says Tehran launched ‘several’ ballistic missiles at Kuwait and Bahrain

Gold Slips as Middle East Tensions Keep Inflation Risks Elevated
Economy Bloomberg
Gold Slips as Middle East Tensions Keep Inflation Risks Elevated

Gold declined as renewed clashes in the Middle East cast doubt over a US-Iran peace deal, keeping energy prices elevated and inflation concerns high.

Economy Financial Times
Palantir should not have ‘significant role’ in UK public data systems, MPs …

Technology committee calls on government to trigger break clause in flashpoint NHS contract

Economy Financial Times
Premier League clubs could face legal action over sponsorship deals with crypto …

UK regulator focuses on teams with partnerships with digital assets companies that are not authorised to operate in Britain

Economy Financial Times
Minister condemns riots after UK rightwing leaders call for ‘rage’ over student …

Home Secretary says violent scenes in Southampton ‘completely unacceptable’ after Nigel Farage urges probe into police handling of case

Economy Financial Times
Cliffwater’s flagship private credit fund redemption requests hit 17%

Fund with net assets of $31bn aimed at retail investors limits withdrawals in latest sign of exodus from sector

Stocks Decline as US-Iran Clashes Drive Oil Higher: Markets Wrap
Economy Bloomberg
Stocks Decline as US-Iran Clashes Drive Oil Higher: Markets Wrap

A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will …

Economy Financial Times
Trump appoints real estate heir Bill Pulte as national intelligence chief

Housing industry executive and staunch ally of the president to take up role in acting capacity

SpaceX to Plan Setting IPO Terms as Soon as Wednesday
Economy Bloomberg
SpaceX to Plan Setting IPO Terms as Soon as Wednesday

SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter, ahead …

GameStop Posted Its Highest Profit Ever By Selling Action Figures and Cards
Economy Bloomberg
GameStop Posted Its Highest Profit Ever By Selling Action Figures and Cards

GameStop Corp. shares climbed as much as 13% in after-hours trading after the video-game retailer reported a record quarterly profit driven by its collectibles business.

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