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Latest news from trusted sources around the world

Economy Financial Times
China calls for Iran war ceasefire in meeting with top envoy

Beijing’s foreign minister meets his Iranian counterpart days before summit between Xi Jinping and Donald Trump

Gilt Yields Unlikely to Rise Further, BNP Paribas Says
Economy Bloomberg
Gilt Yields Unlikely to Rise Further, BNP Paribas Says

Sam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he …

US Oil Storage Tanks to Run Empty Around July 4, Currie Says
Economy Bloomberg
US Oil Storage Tanks to Run Empty Around July 4, Currie Says

Carlyle Senior Advisor Jeff Currie discusses the ongoing disruption in oil markets, saying storage tanks will run empty in Europe "sometime in the month of …

Dollar Hits Lowest Since War Started on Report End Is Near
Economy Bloomberg
Dollar Hits Lowest Since War Started on Report End Is Near

The dollar extended a decline, erasing its gains since the start of the war in the Middle East, after a report said the US and …

Economy Financial Times
North Korea amends constitution to drop goal of reunification

Revised text scrubs references to original doctrine while defining country’s borders

Economy Financial Times
What will Trump’s war on Iran mean for global trade?

Take part in a live Ask an Expert Q&A with our trade columnist on Thursday May 7 at 1pm (BST)

Economy Financial Times
UK watchdog launches probe of claims management companies

FCA to investigate ‘poor practices’ and ‘aggressive marketing’ in sector gaining prominence amid car finance mis-selling scandal

Diageo Sales Gain Driven by Growth in Africa, Latin America
Economy Bloomberg
Diageo Sales Gain Driven by Growth in Africa, Latin America

Diageo Plc’s sales unexpectedly rose as growth in Africa and Latin America was enough to offset significant weakness in the US.

Economy Financial Times
Start-ups complain they are helping British military modernise on the cheap

Small tech groups impatient with ‘jam tomorrow’ promise of contracts in return for discounted or free equipment

Economy Financial Times
‘It’s quite womblike’ — how psychotherapists design their consulting rooms

As more consultations take place in private homes, professionals share the secrets of their decor decisions

Economy Financial Times
‘Worst’ still ahead as oil price swings darken global trade outlook

Volatility is more damaging than higher prices and will cause merchandise flows to drop, according to Global Trade Alert

Economy Financial Times
Netanyahu’s West Bank plan: annexation by law

Far-right Israeli government uses bureaucracy to cement takeover of Palestinian land

Economy Financial Times
The future of Europe’s angry farmers

The model of political protection and heavy subsidies that has long supported European agriculture might be fracturing

Asian Currencies Rally on AI Enthusiasm, US-Iran Peace Hopes
Economy Bloomberg
Asian Currencies Rally on AI Enthusiasm, US-Iran Peace Hopes

Asian currencies extended a rebound as the artificial intelligence trade gathered pace and sentiment improved on hopes of a peace deal between the US and …

China’s Tech Gauge Jumps to Record High on AI-Fueled Rally
Economy Bloomberg
China’s Tech Gauge Jumps to Record High on AI-Fueled Rally

A gauge of Chinese tech shares surged to a record high, joining a broader artificial intelligence-related rally sweeping across Asian markets as investors piled into …

Asia Central Banks Expected to Move to Higher Interest Rates: JPMorgan AM
Economy Bloomberg
Asia Central Banks Expected to Move to Higher Interest Rates: JPMorgan AM

Jason Pang of JPMorgan Asset Management says that "higher oil for longer will translate into a more hawkish bias" among central banks in Asia. He …

CATL Bears Retreat in Hong Kong After Blockbuster Share Sale
Economy Bloomberg
CATL Bears Retreat in Hong Kong After Blockbuster Share Sale

Traders are swiftly unwinding bearish positions against Contemporary Amperex Technology Co. Ltd.’s Hong Kong-listed shares as the focus shifts to the battery giant’s growth outlook …

Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low
Economy Bloomberg
Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low

Indonesia further tightened rules on dollar purchases to support the beleaguered rupiah after the currency slumped to a series of record lows.

Economy Financial Times
Labour urges Greens to expel candidates who have spread ‘antisemitic hatred’

Criticism of populist leftwing party intensifies ahead of key elections on Thursday

Economy Financial Times
FirstFT: How India’s Narendra Modi revived his political fortunes

Also in today’s newsletter: HSBC profits hit by ‘fraud-related’ exposure, and global oil reserves plunge at record pace

Compass Shares Surge After 2Q Revenue Forecast Beats Estimates
Economy Bloomberg
Compass Shares Surge After 2Q Revenue Forecast Beats Estimates

Compass Inc. shares soared as much as 21% in after-hours trading on Tuesday after the real estate brokerage company forecast stronger-than-expected quarterly revenue.

Prudential Profit Rises Even as Firm Grapples With Japan Pause
Economy Bloomberg
Prudential Profit Rises Even as Firm Grapples With Japan Pause

Prudential Financial Inc.’s first-quarter profit beat Wall Street’s expectations, relieving pressure on Chief Executive Officer Andy Sullivan as he contends with a sales pause in …

Sixth Street BDC Tumbles on Quarterly Loss, Dividend Cut
Economy Bloomberg
Sixth Street BDC Tumbles on Quarterly Loss, Dividend Cut

A private credit fund managed by Sixth Street Partners tumbled after lowering its dividend and reporting a quarterly loss, as market-wide volatility eroded the fair …

Economy Financial Times
Apple reaches $250mn settlement over delayed ‘AI Siri’

iPhone buyers sued the tech giant for touting features in 2024 that have yet to launch

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