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Latest news from trusted sources around the world

SpaceX Wins $4 Billion Contract for US Golden Dome Satellites
Economy Bloomberg
SpaceX Wins $4 Billion Contract for US Golden Dome Satellites

SpaceX has won a contract for more than $4 billion to build satellites to track foreign aircraft and missiles as part of President Donald Trump’s …

'There's A Lot More To Come' In AI Says Aliaga
Economy Bloomberg
'There's A Lot More To Come' In AI Says Aliaga

Stephanie Aliaga, JPMorgan Asset Management Global Market Strategist joined Bloomberg Businessweek Daily to discuss AI trends and how it is changing how we view the …

Strait of Hormuz Ship Transits Are Rising Thanks to Help From US
Economy Bloomberg
Strait of Hormuz Ship Transits Are Rising Thanks to Help From US

Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week with the US …

Quantinuum Said to Weigh Boosting IPO Size and Price Range
Economy Bloomberg
Quantinuum Said to Weigh Boosting IPO Size and Price Range

Honeywell International Inc.-backed quantum computing company Quantinuum Inc. is considering increasing the size of its initial public offering, according to a person familiar with the …

NYC’s Mamdani Mimics Trump, Musk DOGE With COGE Plan
Economy Bloomberg
NYC’s Mamdani Mimics Trump, Musk DOGE With COGE Plan

Bloomberg's Nacha Cattan joins Katie Greifeld on "Bloomberg Real Yield." New York City Mayor Zohran Mamdani said he’s forming a new Commission of Government Efficiency, …

Economy Financial Times
Durex sales hit by China’s condom crackdown

Wide-ranging measures to boost the country’s birth rate are denting demand for China’s leading contraceptive brand

Economy Financial Times
Lula slams US move to designate Brazil drug cartels as terrorist groups

Classification reignites tensions between Donald Trump and leftwing president

Economy Financial Times
BoE governor warns Middle East ceasefire would ‘still create uncertainty’

Andrew Bailey says interest rate cuts can only come when policymakers are ‘much more confident’

Economy Financial Times
Universal Music declines takeover offer from Bill Ackman’s Pershing Square

Hedge fund billionaire argued moving record company’s listing from Amsterdam to New York would unlock value

Economy Financial Times
US securities regulator seeks to end corporate disclosures on climate risk

SEC looking to overturn Biden-era requirement after finding it a ‘dramatic over-reach’ of authority

Economy Financial Times
Citadel Securities posts record $4.3bn in trading revenues on Iran volatility

Market maker earns $1.9bn in first-quarter net income as oil prices and Treasury rates seesawed

Economy Financial Times
Oil prices fall on hopes of Strait of Hormuz reopening

Biggest monthly decline in Brent crude since 2020 comes amid signs US and Iran could be close to a deal

Treasuries Set for Best Week Since War Began as Oil Retreats
Economy Bloomberg
Treasuries Set for Best Week Since War Began as Oil Retreats

The US government bond market headed for its best week since the start of the US war on Iran as oil prices declined in anticipation …

Economy Financial Times
UK struggles to adapt to hotter summers

Significant investment required in homes and infrastructure to build resilience, say experts

Iceland’s Own Currency Costs Outweigh Benefits, Ministry Says
Economy Bloomberg
Iceland’s Own Currency Costs Outweigh Benefits, Ministry Says

The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.

Economy Financial Times
Kazakhstan offers to take Iran’s uranium stockpile, watchdog says

Fate of highly enriched material is one of the thorniest issues in US-Iran talks to end war

Economy Financial Times
Poland threatens to strip Zelenskyy of state honour

Ukrainian president offends Warsaw with reference to second world war fighters accused of murdering Poles

Economy Financial Times
EU agrees to unlock Hungary’s frozen funds

Péter Magyar strikes political agreement with European Commission for €16bn blocked over graft concerns

Quarter of Big Oil Tankers Trapped by Iran War Have Escaped
Economy Bloomberg
Quarter of Big Oil Tankers Trapped by Iran War Have Escaped

Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out …

US Stocks Extend Rally on Peace Deal Hopes, AI Spending Optimism
Economy Bloomberg
US Stocks Extend Rally on Peace Deal Hopes, AI Spending Optimism

US stocks rose on Friday, boosted by hopes of a peace deal between the US and Iran and expectations that spending on artificial intelligence will …

Sugar Climbs Most in a Month on Poor India Monsoon Rain Outlook
Economy Bloomberg
Sugar Climbs Most in a Month on Poor India Monsoon Rain Outlook

Sugar futures in New York posted the biggest gain in a month on concerns that an emerging El Niño weather pattern could curb rainfall and …

Economy Financial Times
Washington nearing deal to extend Iran ceasefire, US officials say

Trump administration’s hopes that an agreement is imminent come after both sides exchanged fire

Economy Financial Times
How Andy Burnham adapted his politics to skyscraper city

Greater Manchester mayor is well-versed in showing solidarity with voters over housing, but his policy record is complicated

ECB’s Panetta States Case for Rate Hike Without Pre-Set Path
Economy Bloomberg
ECB’s Panetta States Case for Rate Hike Without Pre-Set Path

European Central Bank Governing Council member Fabio Panetta acknowledged the case for an interest-rate hike while urging colleagues not to flag subsequent tightening.

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