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Latest news from trusted sources around the world

Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist
Economy Bloomberg
Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

Oil held a second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports and was briefed …

Economy Financial Times
Bolsonaro’s prison time likely to be curbed as Brazil lawmakers block Lula …

Leftist president had sought to stymie legislation changing how criminal sentences are calculated

Economy Financial Times
FirstFT: Yen surges amid reports that Tokyo intervened to support currency

Also in today’s newsletter: Israel deployed laser system to UAE, and China sales power Apple results

The Business of Influence
Economy Bloomberg
The Business of Influence

Kyle Cooke, Founder, Loverboy and Jason Tartick, Co-Founder, Rewired Talent Management; Host, Trading Secrets discuss turning television and social media visibility into scalable businesses and …

Economy Financial Times
Trump drops Scotch whisky tariffs ‘in honour’ of King Charles

US president lifts duties on the drink following the British monarch’s trip to Washington

Trader Mercuria Sues Baltic Exchange Over Oil Shipping Benchmark
Economy Bloomberg
Trader Mercuria Sues Baltic Exchange Over Oil Shipping Benchmark

Mercuria Energy Group Ltd. is suing the Baltic Exchange over the alleged distortion of a key benchmark for the cost of shipping oil from the …

Economy Financial Times
UK terror threat level raised to ‘severe’ after Golders Green attack

Police confirm man arrested over stabbings was previously referred to the government’s counter-extremism programme

Air Canada Pulls 2026 Outlook on Fuel Costs; Shares Drop
Economy Bloomberg
Air Canada Pulls 2026 Outlook on Fuel Costs; Shares Drop

Air Canada suspended its full-year financial guidance because of the surge in jet fuel prices caused by the war in Iran.

Economy Financial Times
Blue Owl draws in $9bn as private credit market cools

Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets

Economy Financial Times
US stocks hit record highs in Wall Street’s best month since 2020

Investors bet blockbuster AI spending will overshadow fallout from Middle East conflict

Economy Financial Times
US Republicans break ranks to challenge Trump administration on Iran war

Some from president’s own party have begun to demand accountability in the unpopular conflict

Trump’s Mineral Reserve Plans to Buy Rare Earths From China
Economy Bloomberg
Trump’s Mineral Reserve Plans to Buy Rare Earths From China

The US Export-Import Bank’s proposed stockpiling initiative would initially source critical minerals from anywhere in the world, including China, an official involved in the project …

Economy Financial Times
Trump launches review of US troops in Germany

Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran

Economy Financial Times
Starwood real estate fund halts redemptions as bet on lower interest rates …

Move comes after fund restricted investors’ liquidity rights two years ago

Economy Financial Times
Hedge fund Elliott likens Iran war to fight against Nazis

In its latest letter to investors the hedge fund backed pre-emptive action against ‘hostile power’

Economy Financial Times
ECB holds interest rates at 2% as inflation rises

Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’

Economy Financial Times
Disney’s skirmish with Trump’s TV watchdog is no joke

The media group cannot easily afford to ditch its profitable linear networks, which limits its ability to defy the FCC

Taiwan's Cheng Li-wun Seeks Trump Meeting After Beijing Trip
Economy Bloomberg
Taiwan's Cheng Li-wun Seeks Trump Meeting After Beijing Trip

Cheng Li-wun discusses her hope to meet President Trump following her Beijing visit, aiming to convey Taiwan's commitment to avoiding conflict and securing lasting cross-strait …

US Stocks Rise on Earnings, on Course for Best Month Since 2020
Economy Bloomberg
US Stocks Rise on Earnings, on Course for Best Month Since 2020

US stocks advanced on Thursday as investors focused on resilient US economic growth and corporate earnings while oil prices fell from a four-year high.

Emerging Stocks See Best Month Since 2022 Amid AI Boom, Oil Fear
Economy Bloomberg
Emerging Stocks See Best Month Since 2022 Amid AI Boom, Oil Fear

Emerging-market equities posted the best month since 2022, fueled by rallies in Asian technology shares on optimism over artificial intelligence demand, even as oil supply …

Meta Looks to Raise as Much as $25 Billion With Jumbo Bond Sale
Economy Bloomberg
Meta Looks to Raise as Much as $25 Billion With Jumbo Bond …

Meta Platforms Inc. is looking to sell between $20 billion and $25 billion of investment-grade bonds on Thursday, according to people with knowledge of the …

Economy Financial Times
FirstFT: Google pulls ahead as Big Tech AI spending targets surge

Also in today’s newsletter: oil passes $125 a barrel, and Russia’s Mali setback

Czech Policymaker Says Hike Likely Next Move But No Need to Rush
Economy Bloomberg
Czech Policymaker Says Hike Likely Next Move But No Need to Rush

A senior Czech central banker downplayed any possibility of imminent monetary tightening in a reaction to a surge in oil prices, though acknowledged an increase …

Manus Becomes Cautionary Tale As China Blocks Meta Deal
Economy Bloomberg
Manus Becomes Cautionary Tale As China Blocks Meta Deal

The AI startup Manus, once a high-profile success story, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta to unwind …

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