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Latest news from trusted sources around the world

China Sees Its Soy Imports Sliding Just as US Farmers Eye Deals
Economy Bloomberg
China Sees Its Soy Imports Sliding Just as US Farmers Eye Deals

China, the world’s top soybean importer, expects purchases to slump in the coming season as its pig herd declines, heightening competition for market share just …

Australian Productivity Chair on Federal Budget
Economy Bloomberg
Australian Productivity Chair on Federal Budget

Danielle Wood, Australian Productivity Commission Chair, discusses her thoughts on the national budget and its implications for boosting productivity in Australia. She speaks with Bloomberg's …

Chinese Oil Supertanker Seen Attempting Strait of Hormuz Exit
Economy Bloomberg
Chinese Oil Supertanker Seen Attempting Strait of Hormuz Exit

A Chinese oil supertanker appears to be sailing out of the Persian Gulf, a rare attempted crossing through the Strait of Hormuz just ahead of …

Australia Fin Min on Federal Budget
Economy Bloomberg
Australia Fin Min on Federal Budget

Katy Gallagher, Australian Minister for Finance, says "uncertainty has made it more challenging to land the federal budget" as the impact of the Iran war …

Economy Financial Times
Will Chinese companies still move to Singapore after Manus crackdown?

Beijing’s move to block takeover of AI start-up with headquarters in city-state challenges sustainability of ‘Singapore washing’

Economy Financial Times
1MDB financier Jho Low asks Trump for a pardon

Alleged mastermind behind multibillion-dollar scandal appears in US filing that lists pardon requests

Gold Slips as US Inflation Resurgence Raises Odds of Fed Hike
Economy Bloomberg
Gold Slips as US Inflation Resurgence Raises Odds of Fed Hike

Gold fell as the latest US data showed a resurgence in inflation, reinforcing bets that the Federal Reserve will keep interest rates higher for an …

Bonds Fall as Inflation Pickup Fuels Fed-Hike Bets: Markets Wrap
Economy Bloomberg
Bonds Fall as Inflation Pickup Fuels Fed-Hike Bets: Markets Wrap

A resurgence in inflation sent bonds lower on speculation the Federal Reserve will keep interest rates higher for longer as a war-driven surge in energy …

Oil Holds Near $107 With Mideast Impasse, World Inventories Drop
Economy Bloomberg
Oil Holds Near $107 With Mideast Impasse, World Inventories Drop

Oil largely held its 8% surge over the past three sessions, as Middle East tensions simmer and global stockpiles shrink at a record pace.

Economy Financial Times
FirstFT: China’s tech giants miss out on AI stock market rally

Also in today’s newsletter: US Treasury secretary meets Japanese PM, and Sam Altman testifies in OpenAI trial

Economy Financial Times
Starmer clings to power after four ministers resign

PM due to hold crunch meeting with health secretary Wes Streeting after challenging rivals to launch leadership bids

Economy Financial Times
Resignation of US food and drug regulator head adds to health agency …

Lawyer Kyle Diamantas appointed FDA’s acting leader as concerns mount over hantavirus outbreak

Economy Bloomberg
Mexico Rating Outlook Revised to Negative at S&P as Debts Mount

S&P Global Ratings revised Mexico’s credit outlook to negative from stable, citing persistently weak fiscal results, rising debt levels and weak economic growth.

MSCI Removes Stocks Linked to Indonesia’s Richest From Indexes
Economy Bloomberg
MSCI Removes Stocks Linked to Indonesia’s Richest From Indexes

MSCI Inc. cut some Indonesian stocks linked to the country’s richest billionaires from its indexes, following through on a warning last month that it will …

Trump's Goal In China? Keep It Simple
Economy Bloomberg
Trump's Goal In China? Keep It Simple

Expectations are running high for the US-China summit in Beijing, but Trump’s main goal should be to not make things worse, the Editorial Board writes. …

Economy Financial Times
Pentagon’s Iran war bill nears $30bn as Trump renews threats

Lawmakers demand answers as mounting cost of conflict weighs on the economy

Economy Financial Times
China’s big tech groups miss out on AI stock market frenzy

Tencent and Alibaba left behind as investors focus on pure AI plays

China’s Manufacturing Heartland Tested by Iran War Energy Shock
Economy Bloomberg
China’s Manufacturing Heartland Tested by Iran War Energy Shock

Economic activity in China’s most important manufacturing hub is heaping pressure on power supplies, sparking an energy stress test as the Iran war chokes shipments …

Japan’s Sojitz Eyes Southeast Asia for New Rare Earths Supply
Economy Bloomberg
Japan’s Sojitz Eyes Southeast Asia for New Rare Earths Supply

Japanese trading house Sojitz Corp. is looking to Southeast Asia and other regions as new potential sources of rare earths outside Australia, as it aims …

CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach
Economy Bloomberg
CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach

Vistance Networks, formerly known as CommScope Holding Co., was sued by a group of lenders who allege the telecommunications provider breached a debt agreement by …

Economy Financial Times
US inflation jumps to 3.8% as Trump’s Iran war sends petrol prices …

April figure marks highest level in three years as effects of conflict reverberate through world’s biggest economy

Economy Financial Times
Scottish Mortgage defends $1.25tn SpaceX valuation ahead of IPO

UK investment trust’s valuation means its holding in Elon Musk’s company is worth £3bn

Economy Financial Times
Musk made ‘hair-raising’ demands for control of OpenAI, Altman testifies

Start-up’s CEO takes the stand in legal battle with billionaire

Brazil Meat Left Out of EU Suppliers List in Risk to Trade
Economy Bloomberg
Brazil Meat Left Out of EU Suppliers List in Risk to Trade

Brazil is absent from a list of countries authorized to supply animal products to the European Union, presenting a trade risk to the world’s largest …

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