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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
Ryan Cohen, GameStop’s rebel CEO

His $56bn hostile bid for eBay has baffled Wall Street, but it could be the world’s first meme stock-driven deal

Enhanced Games Owner Jumps 27% After Going Public Via SPAC
Economy Bloomberg
Enhanced Games Owner Jumps 27% After Going Public Via SPAC

Enhanced Group Inc. shares climbed 27% after going public via a merger with blank-check company A Paradise Acquisition Corp. that gave it an enterprise value …

US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat
Economy Bloomberg
US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat

US stocks were on track for a record closing high, buoyed by semiconductor stocks, strong monthly payrolls figures and a US-Iran ceasefire that appeared intact …

Private Equity Taps Junk Market for Dividends as Exits Stall
Economy Bloomberg
Private Equity Taps Junk Market for Dividends as Exits Stall

Private equity firms are once again tapping the European junk debt market to pay themselves dividends as market volatility fueled by the Iran war and …

Clariant CEO: Demand Remains Solid Despite Hormuz Blockade
Economy Bloomberg
Clariant CEO: Demand Remains Solid Despite Hormuz Blockade

Demand for chemical products remains high, even though the blockade of the Strait of Hormuz has complicated supply chains, says Conrad Keijzer, CEO of Swiss …

Gold Fields’ Spat With Ghana Contractor Heads for Arbitration
Economy Bloomberg
Gold Fields’ Spat With Ghana Contractor Heads for Arbitration

A $740 million dispute between Gold Fields Ltd. and a mining contractor in Ghana will be fought out in arbitration.

Economy Financial Times
Trump says Iran ceasefire holds despite exchange of fire

Washington and Tehran blamed each other for sparking reciprocal attacks

FSD Africa to Raise $400 Million SME Financing for Five Nations
Economy Bloomberg
FSD Africa to Raise $400 Million SME Financing for Five Nations

FSD Africa, an agency backed by the UK’s Foreign, Commonwealth & Development Office, is establishing funds to raise as much as $400 million of capital …

Economy Financial Times
British-Chinese nationals found guilty of spying for Hong Kong

Two men, including former Border Force official, convicted in trial at London’s Old Bailey

BofA’s Hartnett Says US Stock Gains Have Rarely Been This Strong
Economy Bloomberg
BofA’s Hartnett Says US Stock Gains Have Rarely Been This Strong

US stocks and gold are hurtling toward a fourth year of double-digit gains, rallies so exceptional that there have been few such episodes in history, …

Rheinmetall Sinks Most Since 2022 After Loss of a Long-Time Bull
Economy Bloomberg
Rheinmetall Sinks Most Since 2022 After Loss of a Long-Time Bull

Rheinmetall AG’s position as the standout European defense stock is looking increasingly vulnerable after a series of disappointing results led a long-time bull to downgrade …

Economy Financial Times
Reform surges in English local elections — follow the results

Nigel Farage’s party has won about 300 seats in early results

Economy Financial Times
US businesses urge Trump to intervene over new EU consumer rules

American companies fear an update to Brussels’ ‘Product Liability Directive’ will make it easier for consumers to sue

Food Prices Rise to Highest in Three Years on Iran War Costs
Economy Bloomberg
Food Prices Rise to Highest in Three Years on Iran War Costs

Global food prices climbed to their highest level in more than three years as the Iran war disrupted supply chains, raising the prospect of larger …

Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles
Economy Bloomberg
Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India Ltd. is looking to implement steps to cut costs and reduce flights in the wake of the Iran war, people familiar with the …

Stellantis Deal Gives China’s Leapmotor Plant, EV in Europe
Economy Bloomberg
Stellantis Deal Gives China’s Leapmotor Plant, EV in Europe

Stellantis NV is giving China’s Leapmotor access to a plant in Spain, and the partners will build an EV together to deepen ties as the …

Indonesia Foreign Reserves Fall Further to Two-Year Low in April
Economy Bloomberg
Indonesia Foreign Reserves Fall Further to Two-Year Low in April

Indonesia’s foreign-exchange reserves fell further in April to the lowest in nearly two years as the central bank stepped up intervention to defend the rupiah.

Economy Financial Times
Trump says ceasefire still in effect after US and Iran clash

UAE intercepts Iranian drones and missiles as tensions escalate

Markets Debate If Japan Sold Treasuries When Intervening in Yen
Economy Bloomberg
Markets Debate If Japan Sold Treasuries When Intervening in Yen

The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time Japan was likely intervening to support its …

Economy Financial Times
UK monetary policy surprises are relatively large and getting larger

The market is reacting more strongly to rate decisions by the Bank of England than those of its peers, signalling potential communication issues

Economy Financial Times
Paying with your face will become mainstream, says Korean fintech group

Toss aims to ‘eliminate physical credit cards’ in South Korea in three years

Why Oil May Hit $90 in Truce or $150 in Escalation
Economy Bloomberg
Why Oil May Hit $90 in Truce or $150 in Escalation

There are three scenarios for oil prices based on how long the Iran war lasts, according to Jacky Tang, emerging markets chief investment officer at …

Economy Financial Times
Multinational back offices choke India’s IT services

Also in this newsletter: government steps in to help war-affected companies

Economy Financial Times
Middle East crisis day 69 as it happened: US and Iran clash …

Washington says it launched strikes after Tehran attacked American destroyers

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