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Latest news from trusted sources around the world

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 …

Credit Growth to Lift India Bank Profits Despite Likely FX Losses
Economy Bloomberg
Credit Growth to Lift India Bank Profits Despite Likely FX Losses

Strong credit growth helped keep fourth-quarter numbers healthy at Indian banks, numbers from HDFC Bank Ltd. and ICICI Bank Ltd. showed on Saturday, though the …

Economy Financial Times
Trump administration urges US oil bosses to increase drilling

Energy and interior secretaries hold call with executives to encourage more production

Economy Financial Times
What’s really behind Modi’s big parliamentary overhaul?

Also in this newsletter: househelp on-call services catch on

Economy Financial Times
Israel agrees to halt its war with Hizbollah in Lebanon

Ceasefire could increase the chance of securing a permanent end to conflict between the US and Iran

Economy Financial Times
Netflix founder Reed Hastings to step down from board

Shares fall more than 9% as streamer posts weak profit forecast and chair announces plans to leave in June

Economy Financial Times
Foreign Office top civil servant forced out over Mandelson vetting fiasco

Olly Robbins leaves post as Starmer accused of misleading MPs about ex-minister’s appointment as ambassador to US

QVC Retail Channel Files Bankruptcy Cut $5 Billion of Debt
Economy Bloomberg
QVC Retail Channel Files Bankruptcy Cut $5 Billion of Debt

Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership …

Gold Heads for Fourth Weekly Gain on Optimism for US-Iran Truce
Economy Bloomberg
Gold Heads for Fourth Weekly Gain on Optimism for US-Iran Truce

Gold headed for a fourth weekly gain after President Donald Trump expressed optimism that the US and Iran could agree a permanent ceasefire to end …

Stocks Rise as S&P 500 Eyes Third Week of 3% Gain: Markets Wrap
Economy Bloomberg
Stocks Rise as S&P 500 Eyes Third Week of 3% Gain: Markets …

Equities are pushing higher as speculation grows that a deal to end the war between the US and Iran is getting closer, prompting traders to …

Economy Financial Times
Former EY employee sues firm over dismissal after viral Israel speech

George Washington University graduate says she was fired after remarks criticising actions in Gaza

Oil Declines as Trump Sees Deal to End War Nearing 50-Day Mark
Economy Bloomberg
Oil Declines as Trump Sees Deal to End War Nearing 50-Day Mark

Oil declined as President Donald Trump claimed concessions by Iran will pave the way for a deal to end the war that continues to choke …

Economy Financial Times
FirstFT: China’s economic growth exceeds expectations despite Iran war

Also in today’s newsletter: Israel agrees to ceasefire in Lebanon, and Netflix founder to step down from board

Economy Financial Times
New York City’s super-rich complain about Mamdani’s tax on second homes

Billionaire hedge fund managers say mayor’s proposed levy is ‘demonising philanthropists’

Netflix Earnings Forecast Misses, Reed Hastings Steps Down
Economy Bloomberg
Netflix Earnings Forecast Misses, Reed Hastings Steps Down

Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also …

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