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Latest news from trusted sources around the world

Economy Financial Times
Four Iran-linked probes in four weeks: the puzzle facing London’s police

If the Islamic republic was behind the incidents, it might be sending a coded warning to its enemies, experts say

Economy Financial Times
Return of Mandelson scandal leaves Labour MPs in despair

Vetting failure highlights dysfunction in Keir Starmer’s government

Economy Financial Times
The Starmer-shaped hole where a prime minister should be

Mandelson scandal shows he has never successfully made the transition from an opposition mindset to a governing one

Economy Financial Times
The white-collar defence lawyers with nothing to do

The Trump administration’s approach to justice has made life quieter for those who defend alleged financial criminals

Air Canada Suspends Flights to JFK Over Rising Fuel Costs
Economy Bloomberg
Air Canada Suspends Flights to JFK Over Rising Fuel Costs

Air Canada will suspend daily flights to John F. Kennedy International Airport in New York City amid soaring jet fuel costs.

US Mineral Stockpile to Be Open to All Traders, Ex-Im Bank Says
Economy Bloomberg
US Mineral Stockpile to Be Open to All Traders, Ex-Im Bank Says

A $12 billion critical minerals stockpile project being developed by the US Export-Import Bank will be open to all trading companies, rather than just those …

Roark Said to Pick Banks for Dunkin’ Owner’s $2 Billion US IPO
Economy Bloomberg
Roark Said to Pick Banks for Dunkin’ Owner’s $2 Billion US IPO

Roark Capital has picked banks to work on a US initial public offering of Inspire Brands, the owner of fast-food chains Dunkin’, Arby’s and Jimmy …

The Race for Space Energy Dominance
Economy Bloomberg
The Race for Space Energy Dominance

Nuclear energy is heading to space, and fast. Oklo CEO Jake DeWitte joined Bloomberg Open Interest to explain why nuclear power is the only viable …

Economy Financial Times
EU prepares for jet fuel sharing as supplies dwindle

Energy commissioner Dan Jørgensen says Europe moving towards supply crisis “very rapidly”

Economy Financial Times
What Warsh should do at the Fed

If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose

Economy Financial Times
US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers

LNG Ships Move Toward Hormuz as Iran Gives Mixed Signals
Economy Bloomberg
LNG Ships Move Toward Hormuz as Iran Gives Mixed Signals

Several liquefied natural gas tankers appear to be nearing the Strait of Hormuz, as the market closely watches if flows of the super-chilled fuel through …

S&P 500 Heads Toward Best Month Since 2020 on Hope for War’s End
Economy Bloomberg
S&P 500 Heads Toward Best Month Since 2020 on Hope for War’s …

Stocks surged Friday, extending a record-setting run that’s sending the S&P 500 Index toward its biggest monthly gain since 2020, after the re-opening of the …

Economy Financial Times
Auguries from Hungary

Orbán’s election defeat is a blow to Trump and Maga

EQT Warns of Exit Risks for Alternative Energy Assets Held by PE
Economy Bloomberg
EQT Warns of Exit Risks for Alternative Energy Assets Held by PE

EQT AB, Europe’s biggest private equity firm, says the path to exiting investments in clean-energy developers and operators faces a growing number of hurdles.

Retail Traders Are Back and Driving All Sorts of Wild Stock Moves
Economy Bloomberg
Retail Traders Are Back and Driving All Sorts of Wild Stock Moves

Photonics, quantum computing are hot as market jumps to new highs.

UK Energy Stocks Fall as Reeves Eyes Delinking Gas-Power Prices
Economy Bloomberg
UK Energy Stocks Fall as Reeves Eyes Delinking Gas-Power Prices

UK power stocks dropped after Chancellor of the Exchequer Rachel Reeves said the government was drafting plans to delink gas prices from electricity costs, raising …

Economy Financial Times
Energy independence could make America more aggressive

Being a net exporter means that energy shocks no longer constrain US foreign policy in the ways they once did

Economy Financial Times
Mandelson vetting scandal shows Starmer isn’t up to the job

Something has gone badly wrong in communication between Downing Street and government departments

Economy Financial Times
Are global trade imbalances just ‘one really big surplus’?

The Economics Show 🤜🤛 FT Alphaville

Economy Financial Times
Adani overtakes Ambani as Asia’s richest man after Iran war hits oil

Middle East conflict weighs on Ambani’s petrochemicals-dependent empire

China Moves to Slow Yuan Rally by Cooling Fixing Volatility
Economy Bloomberg
China Moves to Slow Yuan Rally by Cooling Fixing Volatility

China’s central bank is using its daily reference rate to temper the yuan’s rally as the currency’s outperformance during the Iran war fuels further bullish …

Oaktree’s Senior Credit Executive for Asia Set to Depart Firm
Economy Bloomberg
Oaktree’s Senior Credit Executive for Asia Set to Depart Firm

One of Oaktree Capital Group LLC’s most senior investment professionals for Asia is set to leave the firm in the coming months, according to people …

London Metals Index at Record High on Aluminum ‘Black Hole’ Fear
Economy Bloomberg
London Metals Index at Record High on Aluminum ‘Black Hole’ Fear

Industrial metals jumped to a record high on the London Metal Exchange, driven by gains in aluminum after the Middle East war disrupted supplies, as …

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