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Latest news from trusted sources around the world

Euro-Zone Wage Growth Slowed Before War Drove Inflation Up
Economy Bloomberg
Euro-Zone Wage Growth Slowed Before War Drove Inflation Up

A key measure of euro-area pay growth slowed, providing some relief to European Central Bank officials worrying about emerging inflation risks from the Iran war.

Economy Financial Times
UK borrowing rises and retail sales slide in April

Strains on economy and public finances come as ruling Labour Party engulfed in leadership crisis

Economy Financial Times
Andy Burnham’s contradictory vision of Greater Manchester

Adaptability has fuelled his popularity, but others critique politician’s shape-shifting and weak policy grip

Economy Financial Times
Japanese inflation unexpectedly slows in April

Government energy subsidies help headline rate slow to 1.4%

China Scrutinizes Firms, Funds After AI-Fueled Stock Moves
Economy Bloomberg
China Scrutinizes Firms, Funds After AI-Fueled Stock Moves

China’s stock exchanges are scrutinizing recent stock rallies that have been fueled by artificial intelligence optimism, asking some listed companies and funds to give more …

Emerging Assets Post Positive Week as Hopes for Peace Deal Grow
Economy Bloomberg
Emerging Assets Post Positive Week as Hopes for Peace Deal Grow

Emerging-market stocks and currencies gained on the week as investors grew increasingly hopeful that the US and Iran are moving closer to a peace deal.

Indonesia to ‘Listen to Market’ on New Commodity Export Body
Economy Bloomberg
Indonesia to ‘Listen to Market’ on New Commodity Export Body

Indonesia is “listening very closely to the market” as it builds a body to oversee key commodity exports, according to Pandu Sjahrir, chief investment officer …

Economy Financial Times
China’s universities offer Mao and Xi courses to help students nail top …

‘Party building’ study seen as part of efforts by Xi Jinping to bolster political education

DeepSeek Founder Avows AGI Goal Ahead of $10 Billion Funding
Economy Bloomberg
DeepSeek Founder Avows AGI Goal Ahead of $10 Billion Funding

DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research …

Lenovo Shares Near All-Time High After Strong AI Growth
Economy Bloomberg
Lenovo Shares Near All-Time High After Strong AI Growth

Lenovo Group Ltd. shares were on track to close at their highest on Friday after the company reported strong growth in AI-related earnings that offset …

Economy Financial Times
Has telecoms group Vi turned a corner?

Also in this newsletter: Marco Rubio is coming to India

1,000% Stock Boom Frees Vietnam Tycoon to Pour Cash Into EVs
Economy Bloomberg
1,000% Stock Boom Frees Vietnam Tycoon to Pour Cash Into EVs

Vietnam’s richest person spent billions of dollars of his personal fortune on his emerging electric automaker and other ventures last year as the shares of …

Economy Financial Times
Alberta to hold vote on referendum to separate from Canada

Province’s move bypasses legal block preventing independence poll and poses challenge to Prime Minister Mark Carney

Economy Financial Times
SpaceX scrubs high-stakes test launch of latest Starship spacecraft

Elon Musk’s conglomerate warned in IPO filing that its strategy was ‘highly dependent’ on the massive rocket

Economy Financial Times
Global buyout funds to exit China’s data centres with final $1bn deal

Princeton Digital Group’s sale process caps foreign retreat from the country’s sensitive digital infrastructure

North Carolina Sues VinFast Over Delayed, Downsized Factory
Economy Bloomberg
North Carolina Sues VinFast Over Delayed, Downsized Factory

North Carolina sued Vietnamese electric vehicle maker VinFast Auto Ltd., alleging the company breached agreements tied to a planned electric vehicle and battery manufacturing facility, …

S&P 500 Is Set for Longest Weekly Rally Since 2023: Markets Wrap
Economy Bloomberg
S&P 500 Is Set for Longest Weekly Rally Since 2023: Markets Wrap

Hopes for a deal between the US and Iran that will turn a fragile ceasefire into lasting peace fueled Wall Street optimism, driving stocks toward …

Oil Rises After Three-Day Drop With Iran-US Talks in Focus
Economy Bloomberg
Oil Rises After Three-Day Drop With Iran-US Talks in Focus

Oil rose, snapping a three-day decline, as Iran’s comments on uranium and the Strait of Hormuz pared earlier optimism over progress in peace negotiations with …

What to Know About the SpaceX IPO
Economy Bloomberg
What to Know About the SpaceX IPO

Elon Musk gave the financial world a lot to ponder as SpaceX made public its plans for an initial public offering. The IPO is poised …

Workday Rallies After Results Quiet Fears of AI Disruption
Economy Bloomberg
Workday Rallies After Results Quiet Fears of AI Disruption

Workday Inc., a maker of workplace management software, posted better-than-expected results in the first quarter, helping quell concerns that the company will be disrupted by …

US Races to Create Domestic Rare Earths Supply
Economy Bloomberg
US Races to Create Domestic Rare Earths Supply

Tripp Hornick, principal at Quince Street Strategy, said that the US allowed the mining and manufacturing of rare earth elements to be pushed overseas because …

UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure
Economy Bloomberg
UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure

UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening …

Economy Financial Times
Walmart says customers are rationing petrol as Iran war hits wallets

US retail giant’s shares plunge after saying it absorbed higher fuel expenses to hold down prices for consumers

Economy Financial Times
DNC autopsy says Biden White House to blame for Harris loss

The party’s lack of unity caused party to haemorrhage voter confidence, according to the report’s author

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