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Latest news from trusted sources around the world

Copper Rebounds From Friday Slump on China-Buying and US Flows
Economy Bloomberg
Copper Rebounds From Friday Slump on China-Buying and US Flows

Copper edged up to recoup some of last week’s losses as buying activity in China and flows of metal to the US supported the demand …

Economy Financial Times
Israel launches retaliatory air strikes on Iran

Assault tests 2-month ceasefire and follows Tehran’s earlier launch of ballistic missiles

Saudis Lower July Oil Prices, Though Still at Decades High
Economy Bloomberg
Saudis Lower July Oil Prices, Though Still at Decades High

Saudi Arabia cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom’s …

Economy Financial Times
Oil prices jump after Iran missiles threaten fragile ceasefire

Traders worry that new strikes could escalate into a return to all-out conflict in Middle East

AI Trade Unwind Rocks Korean Traders Leveraged for One-Way Bet
Economy Bloomberg
AI Trade Unwind Rocks Korean Traders Leveraged for One-Way Bet

Fear was already running high ahead of South Korea’s Monday open, but the ferocity of the selloff still caught some investors off guard.

Economy Financial Times
Chips, ships and guns: South Korea booms on AI race and global …

Asia’s fourth-largest economy is in a sweet spot as its biggest companies capitalise on geopolitical trends

Oil Rallies as Iran and Israel Exchange Fresh Missile Attacks
Economy Bloomberg
Oil Rallies as Iran and Israel Exchange Fresh Missile Attacks

Oil jumped after Iran and Israel traded fire, despite US President Donald Trump’s calls for both sides to quit fighting, a fresh escalation in a …

Economy Financial Times
Intesa prepares Monte dei Paschi bid to gatecrash BPM’s €50bn bank merger

Board of Italy’s largest bank meets hours after rival proposed potential tie-up with MPS

Corporate Japan Borrows More as Deals, Outflows Pressure Ratings
Economy Bloomberg
Corporate Japan Borrows More as Deals, Outflows Pressure Ratings

Japanese businesses are ramping up borrowing to cover cash shortfalls fueled by record merger activity, booming capital investments and mounting investor pressure for shareholder returns, …

Economy Financial Times
Iran launches ballistic missiles at Israel

Attack comes after Israel carried out a strike in Beirut that it said targeted Hizbollah

IAG CEO on Asia demand, Consolidation & Fuel Prices
Economy Bloomberg
IAG CEO on Asia demand, Consolidation & Fuel Prices

International Airlines Group (IAG) CEO Luis Gallego speaks at the International Air Transport Association (IATA) on growing demand in Asia, consolidation & increasing fuel prices. …

Economy Financial Times
Zelenskyy used Abramovich to send message to Putin about peace talks

Former Chelsea FC owner invited to Kyiv last month in failed attempt to broker direct negotiations

Air New Zealand CEO on Consolidation & Price Increases
Economy Bloomberg
Air New Zealand CEO on Consolidation & Price Increases

Air New Zealand CEO Nikhil Ravishankar speaks at the International Air Transport Association (IATA) on flight consolidation and price increases to meet demand. (Source: Bloomberg)

Economy Financial Times
US weighs using Iranian assets to compensate Gulf allies for war damage

Proposal comes as relations between Trump administration and regional partners have been strained by conflict

Embraer Arijan Meijer on Tariff Impact Within Aviation
Economy Bloomberg
Embraer Arijan Meijer on Tariff Impact Within Aviation

Embraer CEO of Commercial Aviation Arijan Meijer speaks at the International Air Transport Association (IATA) on the impact of tariffs saying it "makes sense" for …

Economy Financial Times
A big week for two Big Tech businesses

SpaceX IPO launches, Apple to hit reset, Trump turns 80, Fifa World Cup 2026 kicks off

Economy Financial Times
Trump piles pressure on Warsh with call for rate cut

US president raises stakes for central bank pick as expectations grow that borrowing costs will rise

Economy Financial Times
Airlines face $100bn hit on jet fuel from Iran energy shock

Industry body warns that profits will be halved by surging energy costs

Sen. Armstrong Advocates for Energy Infrastructure Expansion
Economy Bloomberg
Sen. Armstrong Advocates for Energy Infrastructure Expansion

Senator Alan Armstrong recently resigned as the executive chairman of Williams Companies to replace Markwayne Mullin in the Senate. Armstrong joined David Gura and Christina …

Economy Financial Times
Israel attacks Beirut days after Trump’s showdown with Netanyahu

Limited strikes on Lebanese capital follow US president’s intervention last week forcing Israeli PM to delay major raid

Economy Financial Times
The strange case of who chooses the next Labour prime minister

Around three-quarters of those who can vote in any contest on who succeeds Starmer are not Labour Party members

United Airlines CEO Discusses Industry Challenges
Economy Bloomberg
United Airlines CEO Discusses Industry Challenges

At The International Air Transport Association in Rio De Janeiro, United Airlines CEO Scott Kirby discussed with Co-host of Bloomberg Surveillance Lisa Abramowicz the current …

Economy Financial Times
Ministers told to cut budgets to fund boost to UK defence spending

Keir Starmer locked in eleventh-hour wrangling with departments over how to pay for delayed investment plan

Economy Financial Times
Fifa’s $13bn World Cup cash machine sparks scrutiny of its finances

Football’s governing body expects to earn record revenues from expanded tournament but critics question how money is spent

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