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Latest news from trusted sources around the world

Major Banks Shake Off Private Credit Fears
Economy Bloomberg
Major Banks Shake Off Private Credit Fears

SaaSpocalypse. Credit defaults. The war in Iran. A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off …

ECB Moves Away From April Hike as Peace Talks Progress
Economy Bloomberg
ECB Moves Away From April Hike as Peace Talks Progress

European Central Bank officials are leaving Washington ever so slightly more optimistic than when they arrived, as ongoing US-Iran peace talks raise the prospect of …

Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots
Economy Bloomberg
Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots

The top US derivatives regulator is investigating a series of suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President …

Peace Deal Uncertain as Iran Says Strait of Hormuz is Shut
Economy Bloomberg
Peace Deal Uncertain as Iran Says Strait of Hormuz is Shut

International Maritime Organization Secretary General Arsenio Dominguez joins David Gura and Christina Ruffini on Bloomberg This Weekend as Iran reimposed restrictions on vessel traffic through …

Nigeria Expands Stocks Trading Hours After Frontier Index Return
Economy Bloomberg
Nigeria Expands Stocks Trading Hours After Frontier Index Return

Nigerian Exchange Group is expanding equities trading hours after index provider FTSE Russell said it would allow the country’s equities to return to its frontier-markets …

Strong Earnings Results Can’t Save Stocks from Dimming Forecasts
Economy Bloomberg
Strong Earnings Results Can’t Save Stocks from Dimming Forecasts

Stocks are surging to new highs on the prospects of peace in the Middle East and what has so far been robust first quarter earnings …

Economy Financial Times
Counterterror police investigate fourth incident claimed by Iran-linked group

Previously unknown organisation has claimed responsibility for attacks on Jewish targets and Iranian dissidents across Europe

Hormuz Chaos, Lebanon Clashes Dent Trump Peace Deal Hopes
Economy Bloomberg
Hormuz Chaos, Lebanon Clashes Dent Trump Peace Deal Hopes

Iran on Saturday reimposed restrictions on vessel traffic through the Strait of Hormuz and Israel attacked targets in Lebanon, undermining expectations of an imminent peace …

Economy Financial Times
Trump family’s World Liberty crypto venture faces investor backlash

WLFI has fallen after the disclosure of a loan linked to the token and criticism from one of its biggest backers

Economy Financial Times
Economic pain from Iran war will hit poor countries hardest, officials say

IMF/World Bank spring meetings hear warnings that some developing countries may require additional lending

India’s HDFC Bank Beats Estimates on Strong Loan Growth
Economy Bloomberg
India’s HDFC Bank Beats Estimates on Strong Loan Growth

HDFC Bank Ltd., India’s largest private sector lender that faced a setback following the abrupt exit of its chairman last month, reported better-than-expected results on …

Economy Financial Times
The battles ahead for Hungary’s new prime minister

New government must establish rule of law to secure trust of citizens — and billions in development aid

Economy Financial Times
Chart of the Week: Are Treasuries losing their haven status?

Bonds have not been a good hedge during the war

Economy Financial Times
Can Trump finally make a nuclear deal with Iran?

After going to war twice, the US president is again trying to strike a deal on the regime’s uranium enrichment programme

Alex Imas on Why Economists Might Be Getting AI Wrong
Economy Bloomberg
Alex Imas on Why Economists Might Be Getting AI Wrong

Maybe it really is a threat to work.

Economy Bloomberg
Odd Lots: Why Economists Might Be Getting AI Wrong (Podcast)

Everyone knows that new technologies can be really disruptive to the labor market, but eventually new jobs emerge and things come back into balance. And …

Lufthansa 100th Birthday Bash Leaves Little Room for Cheers
Economy Bloomberg
Lufthansa 100th Birthday Bash Leaves Little Room for Cheers

Deutsche Lufthansa AG’s 100th anniversary bash this week had all the elements of a picture-perfect party. The sun was out, flight attendants in polished vintage …

Tankers Test Hormuz Reopening as Uncertainty Lingers Over Strait
Economy Bloomberg
Tankers Test Hormuz Reopening as Uncertainty Lingers Over Strait

More crude oil and gas carriers have begun to test the Strait of Hormuz on Saturday, even as mixed messages from Iranian authorities leave shipowners …

Blaze Quelled at Russian Baltic Port After Ukrainian Strike
Economy Bloomberg
Blaze Quelled at Russian Baltic Port After Ukrainian Strike

Russia said an overnight fire was extinguished at a port in the Vysotsk region on the Baltic Sea after Ukrainian drone attacks, while a Kremlin …

Economy Financial Times
London’s riverside properties tell conflicting stories about UK market

Struggles to sell even in popular areas are a timely reminder of the challenges created by high interest rates

Economy Financial Times
Boom in UK ‘staycations’ as war puts holidaymakers off overseas travel

Rise in domestic tourism could provide relief for rural hospitality businesses struggling with higher costs

Economy Financial Times
The declining appeal of the Hong Kong expat

Demand for mainlanders with Mandarin skills is on the rise

Economy Financial Times
Three-quarters of UK sole traders and landlords miss digital tax launch

New government tax regime came into force last week but most of those required to sign up by April 6 have yet to do so

Economy Financial Times
Investors pile into Hungarian assets in bet on closer EU ties

Stocks, bonds and the forint are up on hopes that Péter Magyar’s landslide victory will lead to pro-market reform

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