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Latest news from trusted sources around the world
Burnham vows to ‘rewire’ British state
UK’s prime minister-in-waiting takes aim at centralisation and promises voters help on living costs
English cricket thrown into uncertainty by Ben Stokes’ chaotic exit
Abrupt retirement of brilliantly aggressive captain comes after tensions with sport’s hierarchy
Supreme Court blocks Trump from sacking Fed governor Lisa Cook
Justices say the president can fire top regulator in a separate decision
Cook Stays at Fed But Trump Wins More Power Over Other Agencies
The US Supreme Court reinforced the Federal Reserve’s independence from the White House, protecting governors from being fired by the president without proof of wrongdoing.
US Stocks Gain as Dip Buyers Lift Tech, Mideast Fighting Eases
Bargain hunters emerged to pick up beaten-down technology stocks on Monday, helping US stocks rally from last week’s declines.
Comcast Plans to Spin Off NBCUniversal in Strategy Reversal
Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a …
US and Iran Agree to Halt Attacks Ahead of Talks
The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues. …
Israel, Lebanon Reach Framework Deal
Israel, Lebanon, and the US reached an initial trilateral framework agreement aimed at paving the way for ending the conflict between Israel and Lebanon and …
China Births Two Robot Unicorns as Sector Funding Stays Strong
Two Chinese robotics startups have been valued at more than $2.9 billion in recent funding rounds, demonstrating steady interest in the sector and boosting the …
FirstFT: AI fuels record number of power sector deals
Also in today’s newsletter: Venezuela’s government faces backlash over earthquake response; and how top executives stay fit
Britain’s case for meaningful devolution is overwhelming
Andy Burnham is right to argue for a shift in power but he has to manage political risk
Samsung and SK Hynix plan $600bn chipmaking expansion
Companies to invest alongside South Korean government in factories to meet surging demand for memory chips
China says it can withstand trade freeze ahead of EU talks
State media increases pressure in advance of high-stakes negotiations with Brussels
UK’s Bridgepoint buys real estate unit in $1.4bn bet on US property
Private capital group is looking beyond its traditional speciality in corporate buyouts
China targets more Japanese companies with export controls
Further restrictions on sales of ‘dual-use’ items with both civilian and military purposes
GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing
Autonomous-driving firm Momenta Global Ltd. started taking investor orders for its Hong Kong initial public offering to raise HK$5.9 billion ($752 million), pouncing on a …
Markets Are Buying Into Less Uncertainty: Capital.com
Kyle Rodda of Capital.com shares his views on the de-dollarization trade and market volatility. He says it shouldn't be understated "how significant it is that …
Copper Declines as Fed Stance and Strong Dollar Weigh On Metals
Copper fell as the Federal Reserve’s hawkish stance and a rising US dollar continued to weigh on sentiment toward industrial metals.
Japan IPOs fall to 15-year low with no rapid rebound in sight
Tokyo’s surging stocks fail to jump-start lacklustre listings market in first half of this year
PBOC Unexpectedly Withholds Rate on New Overnight Operation
China’s central bank held its debut overnight operation but didn’t disclose the rate of interest it charged commercial lenders, in a surprise move to traders …
China Tech Growth Makes Energy Demand Harder to Forecast
China faces greater uncertainty in forecasting energy demand as structural changes in the economy and the rapid expansion of new industries reshape consumption patterns, according …
Gold Drops as Traders Watch Iran Tensions for Inflation Outlook
Gold fell as the US and Iran agreed to stop attacking each other, following tit-for-tat strikes that tested a fragile truce in a war that …
Sovereign funds move from public markets to private to ride AI wave
High concentration in stock markets and national security concerns send SWFs to private credit and infrastructure
Wall Street Is Abandoning Bets on a Stronger Euro
Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of …
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