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Latest news from trusted sources around the world

Cuba Runs Out of Fuel, Plunging Country Into Darkness and Protests
Economy Bloomberg
Cuba Runs Out of Fuel, Plunging Country Into Darkness and Protests

Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running, with civil unrest …

New Fortress Energy Takes $6.5 Billion Debt Plan to Court
Economy Bloomberg
New Fortress Energy Takes $6.5 Billion Debt Plan to Court

Billionaire Wes Edens’ New Fortress Energy Inc. won permission from a UK court to arrange creditor votes on a sweeping restructuring that will see the …

Singapore Airlines Net Profit Dragged Down by Air India Woes
Economy Bloomberg
Singapore Airlines Net Profit Dragged Down by Air India Woes

Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the …

BlackRock Says French Equities Are ‘Attractively Priced’
Economy Bloomberg
BlackRock Says French Equities Are ‘Attractively Priced’

BlackRock portfolio manager Tom Becker discusses the outlook for euro-zone equities, including in France. "The underperformance of the CAC over the last one, three years, …

Economy Financial Times
Latvian government collapses over Russia-bound Ukrainian drones

Prime Minister Evika Siliņa resigns after several incidents of drones crashing in the Baltic state near the Russian border

Economy Financial Times
Cuba runs out of diesel and fuel oil

Protests erupt as energy minister admits island has ‘absolutely no’ supplies or reserves

Economy Financial Times
Abu Dhabi’s L’imad joins BlackRock and Temasek on $30bn infrastructure push

Alliance underlines growing influence of emirate’s newest sovereign wealth fund

Economy Financial Times
Wes Streeting: the confident performer with a mixed record of reform

The health secretary’s ambition to succeed Keir Starmer is well known, but his time overseeing the NHS has proved trickier than expected

Economy Financial Times
UK economy grew 0.6% in first quarter despite Middle East energy crisis

Expansion picks up after a lacklustre second half last year

Trump Says China Offered Help With Iran as Ship Seized Near UAE
Economy Bloomberg
Trump Says China Offered Help With Iran as Ship Seized Near UAE

US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and …

Poland’s Economic Growth Miss Set to Temper Rate-Hike Bets
Economy Bloomberg
Poland’s Economic Growth Miss Set to Temper Rate-Hike Bets

Poland’s economic growth slowed more than anticipated in the first quarter, with the fading momentum set to moderate expectations regarding interest-rate increases amid a flare-up …

Britain’s Political Crisis Spooks Crucial Overseas Bond Buyers
Economy Bloomberg
Britain’s Political Crisis Spooks Crucial Overseas Bond Buyers

Bond-market volatility sparked by the UK’s latest political crisis is serving up a reminder that the government can’t take foreign demand for granted.

ECB to Hike If Oil Deanchors CPI Expectations, Kazaks Says
Economy Bloomberg
ECB to Hike If Oil Deanchors CPI Expectations, Kazaks Says

The European Central Bank will need to raise borrowing costs if an increase in crude prices feeds through to inflation expectations, according to Governing Council …

Space Stock Craze Comes to Europe as One UK Fund Quadruples
Economy Bloomberg
Space Stock Craze Comes to Europe as One UK Fund Quadruples

It’s not just US retail investors piling into any asset connected to space exploration. Europeans want in, too.

Xi Says Common Interests Outweigh Difficulties
Economy Bloomberg
Xi Says Common Interests Outweigh Difficulties

Donald Trump and Xi Jinping made their opening remarks at the Great Hall of the People, with Xi saying the common interests between the United …

What India’s Top Three Mutual Funds Bought and Sold in April
Economy Bloomberg
What India’s Top Three Mutual Funds Bought and Sold in April

Indian investors plowed money into equity funds for a 62nd straight month in April, though inflows eased from the previous month.

Iran War Gives Xi The Chance to Rekindle Gas Sales With Trump
Economy Bloomberg
Iran War Gives Xi The Chance to Rekindle Gas Sales With Trump

As the leaders of the world’s two largest economies meet in Beijing, energy markets will be watching closely for any breakthrough in a dispute that …

Sarah Beran on US-China Summit
Economy Bloomberg
Sarah Beran on US-China Summit

Sarah Beran, Former US Embassy Deputy Chief of Mission in Beijing and Partner at Macro Advisory Partners, says both Washington and Beijing have significantly lowered …

Economy Financial Times
Xi tells Trump that US and China are ‘partners not rivals’

Leaders’ summit in Beijing is likely to include discussions on Hormuz blockade, Taiwan and rare earths

Economy Financial Times
What Xi and Trump want from their Beijing summit

Chinese and US leaders to discuss trade, technology, Iran and Taiwan

Economy Financial Times
Private equity cools on India amid lofty prices and economic jitters

Weaker dealmaking environment during turbulent period for country’s financial markets

Economy Financial Times
GameStop’s Cohen threatens to take $56bn eBay offer to shareholders

CEO says reseller’s board failed to engage after declining to meet him

S&P 500 Tops 7,500 as AI Fuels Record-Breaking Run: Markets Wrap
Economy Bloomberg
S&P 500 Tops 7,500 as AI Fuels Record-Breaking Run: Markets Wrap

A revival of the artificial-intelligence trade kept fueling momentum in stocks, with the market also rising after retail sales showed signs of consumer strength despite …

Rare Earth Minerals Expected to be Central to Trump, Xi Talks
Economy Bloomberg
Rare Earth Minerals Expected to be Central to Trump, Xi Talks

Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North …

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