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Latest news from trusted sources around the world

Economy Financial Times
UK in talks with Anthropic over Mythos access for banks

British lenders seek advice from US groups testing powerful new cyber security AI model

Economy Financial Times
Meta to cut 10% of jobs to ‘offset’ Zuckerberg’s AI spending

Social media group plans to spend $135bn on data centres this year

Uruguay Finance Chief Says Pensions Will Stay in Private Hands
Economy Bloomberg
Uruguay Finance Chief Says Pensions Will Stay in Private Hands

Uruguay’s pension savings will continue to be managed by the private sector under the government’s planned overhaul of the social security system, Finance Minister Gabriel …

Treasuries Headed for Tightest Monthly Trading Range Since 2020
Economy Bloomberg
Treasuries Headed for Tightest Monthly Trading Range Since 2020

US Treasury benchmark yields have been locked in the narrowest range since the depths of the coronavirus pandemic, as investors fatigued by conflicting geopolitical headlines …

Economy Financial Times
How many people would Reform UK deport?

At least 2mn are at risk but the plans are ambiguous and their effect hinges on Labour’s own decisions

Economy Financial Times
White House accuses China of ‘industrial-scale’ theft of AI technology

Trump official Michael Kratsios says Chinese entities stealing from American labs

Economy Financial Times
Populist party Vox demands ‘Spaniards first’ in coalition talks

Anti-immigration party wants people with ‘ties’ to the country be first in line for public assistance

Economy Financial Times
French weather service alerts police to tampering after suspicious Polymarket bets

Users of weather forum say Paris temperature data may have been manipulated for wagers on prediction market platform

Economy Financial Times
US asset manager Voya Financial faces sale pressure from activist fund

Toms Capital Investment Management has built stake in $1.1tn in assets pension and insurance group

US Stocks Advance as Earnings Help Distract From US-Iran Impasse
Economy Bloomberg
US Stocks Advance as Earnings Help Distract From US-Iran Impasse

US stocks rose on Thursday as the stalemate between Washington and Tehran continued while investors pored over corporate earnings.

Economy Financial Times
UK business activity rose more than expected in April

Companies rushed to make purchases amid fears that the Iran war would send prices even higher

Economy Financial Times
FirstFT: Workplace AI divide widens

Also in today’s newsletter: US Navy secretary fired, and the tankers racing to exit the Strait of Hormuz

UniCredit Raises Generali Stake After Earlier Signaling Cut
Economy Bloomberg
UniCredit Raises Generali Stake After Earlier Signaling Cut

UniCredit SpA boosted its stake in Assicurazioni Generali SpA to 8.7%, despite earlier indications that it planned to trim the holding.

Thai IPO Pipeline Faces Difficulties, Exchange President Says
Economy Bloomberg
Thai IPO Pipeline Faces Difficulties, Exchange President Says

Thailand’s initial public offering pipeline continues to face challenges, even as signs of renewed investor interest have started to emerge, according to Stock Exchange of …

Economy Financial Times
PwC fined $166mn by Hong Kong regulators over Evergrande audit

Big Four firm also faces six-month ban related to its work on failed property developer’s books

Economy Financial Times
Eurozone faces ‘deepening economic woes’ from Middle East conflict, survey suggests

Closely watched Purchasing Managers’ index points to first contraction in 16 months in private sector activity

Economy Financial Times
US to speed up payments for new medical devices

Regulators hand industry a lobbying victory after fierce effort to get faster coverage for their products

Economy Financial Times
Economic pessimism plagues UK youth

From broke to woke? New poll findings have wide implications for political and policy trends

Euro-Zone Private Sector Unexpectedly Shrinks as Services Slump
Economy Bloomberg
Euro-Zone Private Sector Unexpectedly Shrinks as Services Slump

Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as …

UBS AT1 Investors Get a Win After Swiss Put Reforms on Ice
Economy Bloomberg
UBS AT1 Investors Get a Win After Swiss Put Reforms on Ice

As UBS Group AG blasted the Swiss government’s plans on tougher banking rules, holders of its riskiest bonds celebrated thanks to one sentence in the …

Sainsbury’s Says Iran War Risks Hitting Profit as Costs Bite
Economy Bloomberg
Sainsbury’s Says Iran War Risks Hitting Profit as Costs Bite

J Sainsbury Plc said profit could slip again this year with higher costs and shopper uncertainty due to the war in the Middle East, just …

Gotion Founder on US Expansion, Supply Chains, and Industry Competition
Economy Bloomberg
Gotion Founder on US Expansion, Supply Chains, and Industry Competition

Gotion High-tech Founder Li Zhen tells Bloomberg about the battery maker's growth outlook. He also discusses US expansion plans, the Iran war's impact on supply …

Indonesia Rupiah Falls Most in Seven Months on Rising Oil Prices
Economy Bloomberg
Indonesia Rupiah Falls Most in Seven Months on Rising Oil Prices

The Indonesian rupiah declined by the most in seven months as rising oil prices hurt sentiment for the nation’s assets.

Copper Falls From Highest Since February With Iran War in Limbo
Economy Bloomberg
Copper Falls From Highest Since February With Iran War in Limbo

Copper fell with other metals as investors watched for the next major developments from the Middle East after peace talks stalled, with the US and …

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