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Latest news from trusted sources around the world

Chinese Exporters Thrive Despite War But Domestic Demand Wobbles
Economy Bloomberg
Chinese Exporters Thrive Despite War But Domestic Demand Wobbles

Chinese construction activity suffered its biggest slump since the early stages of the Covid pandemic and the services sector fell back into contraction, even as …

India’s Rupee Defense Faces Tough Test as Capital Flows Stall
Economy Bloomberg
India’s Rupee Defense Faces Tough Test as Capital Flows Stall

India’s efforts to steady the beleaguered rupee are likely to get harder in the coming months, as insufficient capital inflows replace speculative bets as the …

Economy Financial Times
US indicts Mexican governor on drug charges

Sinaloa governor Rubén Rocha alleged to have close links with deadly cartel

Oil Hits Wartime High on Report US Eying Iran Military Options
Economy Bloomberg
Oil Hits Wartime High on Report US Eying Iran Military Options

Brent oil advanced to a wartime high on concerns the US may resume attacks against Iran, which will likely draw a swift response from Tehran …

Stocks Steady on Earnings Boost; Oil Erases Jump: Markets Wrap
Economy Bloomberg
Stocks Steady on Earnings Boost; Oil Erases Jump: Markets Wrap

Stocks steadied as investors dissected a flurry of earnings, including from four of the Magnificent Seven cohort. Market sentiment improved as oil erased a jump …

Economy Financial Times
Musk says he was ‘a fool’ to fund the launch of OpenAI

Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony

Economy Financial Times
Bill Ackman’s Pershing Square IPO slides on Wall Street debut

Weak investor demand hits hedge fund chief’s scaled-back double offering

Economy Financial Times
Trump’s $1mn gold card visa fails to excite the world’s wealthy

US government filing shows only 338 people have submitted formal requests for the fast-track residency scheme

Economy Financial Times
Jay Powell vows to remain on Fed board as he warns over …

Central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Economy Bloomberg
Ford CFO on Q1 Earnings, Outlook and Impact of Gas Prices

Ford CFO Sherry House discusses first-quarter earnings, SUV and pick-up truck sales amid higher gas prices and the automaker's full-year outlook on "Bloomberg The Close." …

India’s Homegrown $1 Billion High-Speed Trading Unicorn Goes Global
Economy Bloomberg
India’s Homegrown $1 Billion High-Speed Trading Unicorn Goes Global

Graviton is expanding in Singapore and London as competition and regulatory hurdles build in its home market.

Mamdani vs. Griffin Standoff Puts $6 Billion Tower at Risk
Economy Bloomberg
Mamdani vs. Griffin Standoff Puts $6 Billion Tower at Risk

Citadel’s Ken Griffin said he’s meeting with New York Governor Kathy Hochul on Thursday to talk about the future direction of America’s biggest city after …

Option Traders Build ‘Electric Fence’ Around Bitcoin at $80,000
Economy Bloomberg
Option Traders Build ‘Electric Fence’ Around Bitcoin at $80,000

Bitcoin has been pressing toward $80,000 and struggling to get through. One reason: a hidden force in the options market is working against it.

Economy Financial Times
Fed chair nominee Kevin Warsh secures Senate committee approval

Banking panel votes in favour of Donald Trump’s candidate to lead US central bank

Economy Financial Times
Wild Scottish salmon catch drops by 40% in one year

New data highlights ‘extremely concerning’ decline in fish population

Big Tech Capex Hits Critical Limit
Economy Bloomberg
Big Tech Capex Hits Critical Limit

Big Tech is at a breaking point says John Blackledge, TD Cowen Senior Equity Research Analyst. He joined Bloomberg Open Interest to explain why massive …

‘All-In Wednesday’ to Test Stock Market Where Everyone’s Long
Economy Bloomberg
‘All-In Wednesday’ to Test Stock Market Where Everyone’s Long

Investors who have been feasting on stocks will know by this evening whether the party will continue.

Economy Financial Times
Starmer arson suspects ‘recruited’ on Telegram by Russian speaker, court hears

Three Ukrainian-born men accused of setting fire to car and properties linked to PM were approached by user known as El Money

Banks Get Picky on Asset-Based Lending After Credit Blow-Ups
Economy Bloomberg
Banks Get Picky on Asset-Based Lending After Credit Blow-Ups

European banks are being more selective on asset-backed lending, as collapses including Tricolor Holdings and Market Financial Solutions Ltd. have made firms more cautious of …

Economy Financial Times
Uber adds hotel booking with Expedia in ‘super app’ push

CEO Dara Khosrowshahi says deal will help the ride-hailing group sell paid memberships

Economy Financial Times
Lululemon founder casts doubt on new chief as proxy fight escalates

Chip Wilson argues appointing Heidi O’Neill to top job could lead CEO search to be ‘examined with a refreshed board’

Treasuries Slump as Fed Dissents Spur Wagers on 2027 Rate Hike
Economy Bloomberg
Treasuries Slump as Fed Dissents Spur Wagers on 2027 Rate Hike

Treasuries slumped, with two-year yields rising the most on a Federal Reserve decision day since 2022, as traders boosted bets the central bank may need …

Yen Falls Below 160 Per Dollar to Weakest Mark Since 2024
Economy Bloomberg
Yen Falls Below 160 Per Dollar to Weakest Mark Since 2024

The yen extended its slide beyond 160 per dollar to its weakest mark this year, fueling risk that Japanese officials may step into the market …

Wingstop Diners Cut Back as Gas Prices Eat Household Budgets
Economy Bloomberg
Wingstop Diners Cut Back as Gas Prices Eat Household Budgets

Wingstop Inc. said the war in Iran is pushing up gas prices and straining household budgets to a point where consumers can no longer afford …

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