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Latest news from trusted sources around the world

Economy Financial Times
A half-time scorecard for Trump-world

Monetising America has pleased tycoons but not citizens

Economy Bloomberg
French Bond Risk Nears Biggest Weekly Rise as Crisis Deepens

French bond markets suffered a historic bout of turbulence this week, with a closely watched measure of risk nearing its biggest increase on record as …

Economy Bloomberg
Ship With Russian Diesel Signals US Port After Trump-Putin Deal

A tanker carrying diesel left the Russian port of Primorsk and intermittently signaled New York, potentially marking the first such shipment following a fuel-supply agreement …

Economy Bloomberg
AI IPOs Stall While Private Markets Heat Up

AI IPOs are hitting the brakes as public markets cool. But with private money still flowing to giants like OpenAI and DeepSeek, companies might be …

Economy Financial Times
Volvo Cars shares plunge as much as 30% after it swings to …

Swedish carmaker to cut another 2,500 jobs and warns that the market ‘has not reached the bottom’

Economy Financial Times
September inflation keeps BoJ on tightening course

The key measures of inflation are rising

Economy Financial Times
Selling the devolution dream

The Budget will give a first glimpse of Andy Burnham’s bid to rewire the state, but the prime minister well knows the mechanics need a …

Economy Bloomberg
European Stocks Fall as China Woes Hit Volvo Car, Gucci

European stocks fell for a second day as disappointing earnings, including from Kering SA’s Gucci, added to concerns over the artificial intelligence trade and elevated …

Economy Financial Times
‘Relentless’ cost of living pressures behind collapse in UK consumer confidence

Index measuring how people view their finances and economic prospects suffers largest monthly drop since onset of Covid in 2020

Economy Bloomberg
Retail Deleveraging Sinks India Small Caps Most Since March

A wave of deleveraging by retail investors has triggered the biggest rout in Indian small-cap stocks in seven months, as mounting concerns over inflation and …

Economy Financial Times
Winter arrives in markets

Bonds and stocks tell the same chilly story

Economy Bloomberg
Are AI Data Centers Overvalued?

Investors are growing more critical of AI investments, especially data centers. But while neocloud stocks are under pressure, many believe the demand for computing resources …

Economy Bloomberg
Palm Oil Fluctuates as Market Faces Dueling Supply Outlooks

Palm oil futures traded near steady in Kuala Lumpur, after fluctuating between gains and losses.

Economy Bloomberg
Rupee Rally Faces Limits From India’s Oil and Dollar Problem

The Indian rupee’s sharp rebound from near a record low is set to lose steam as high oil prices and persistent dollar demand limit the …

Economy Bloomberg
Treasuries’ AI Link Shows Sharp Shift as Haven Trade Returns

For much of this year, Treasuries offered investors little of their traditional protection when technology stocks stumbled. This week, that role has bounced back sharply.

Economy Financial Times
Sydney’s long haul to a second airport

New hub is intended to expand aviation capacity and serve millions of residents in city’s western suburbs

Economy Bloomberg
China Stocks Sink Further as State Buying Offers Little Relief

Chinese stocks slid deeper into a bear market as rescue efforts by state-backed funds fail to rebuild investor confidence.

Economy Financial Times
Bids roll in for Jio’s ‘jumbo’ IPO

Plus, the RBI’s costly game of whack-a-mole

Economy Financial Times
US Treasury proposes tighter rules on investing in sensitive Chinese tech

Restrictions would apply to investments in areas including AI, hypersonic weapons and biotech

Economy Bloomberg
Stocks Fall as Oil Rally Keeps a Lid on Treasuries: Markets Wrap

A resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the Federal Reserve decision on interest rates.

Economy Bloomberg
Affirm, Sam’s Club Strike Exclusive Buy Now, Pay Later Deal

Affirm is teaming up with Walmart’s Sam’s Club as the retailer’s exclusive buy-now, pay-later partner, just weeks before the key holiday shopping season kicks off. …

Economy Bloomberg
Australian Growth Likely Slower Than Expected On Rates, Prices

Australia’s growth will likely be slower than the 1.75% forecast in May’s budget, Australian Treasurer Jim Chalmers said Friday, as a series of rate hikes …

Economy Bloomberg
Kroger CFO: We Are an Agent for the Consumer

Kroger CFO David Kennerley discusses the company plans to invest $5 billion in consumer value, including affordable groceries and simpler promotions, while seeking to fund …

Economy Financial Times
FirstFT: Meta rekindles AI spending fears

Also in today’s newsletter: China steps up ‘grey zone’ tactics against Taiwan and India mounts costly defence of rupee

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