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Latest news from trusted sources around the world

Economy Financial Times
BDO axes 31 partner roles as AI pressure grows and profits fall

Move comes amid downturn for professional services after hiring spree during pandemic

Economy Bloomberg
Astorg Hands New Leaders Half of Firm After ‘Internal LBO’

Astorg Partners has handed its newest partners a larger chunk of its equity as part of sweeping leadership changes at the €23 billion ($26 billion) …

China Has Done Its Best for Mideast Peace, Expert Says
Economy Bloomberg
China Has Done Its Best for Mideast Peace, Expert Says

Wang Jin, a Chinese scholar specializing in the Middle East, says Beijing is not in a position to influence Iran’s decisions or change its behavior, …

Japan’s Five-Year Bond Sale Demand In-Line With 12-Month Average
Economy Bloomberg
Japan’s Five-Year Bond Sale Demand In-Line With 12-Month Average

Japan’s five-year government bond auction Thursday saw demand that was in line with the 12-month average, after the temporary ceasefire in the Iran war provided …

Mitsui OSK CEO Hopes Vessels Can Move Now Amid Ceasefire
Economy Bloomberg
Mitsui OSK CEO Hopes Vessels Can Move Now Amid Ceasefire

Jotaro Tamura, CEO of Japanese shipping and logistics company Mitsui OSK Lines, says he hopes vessels can resume operations following the US-Iran ceasefire. However, he …

Economy Financial Times
Communists say this Indian state is a success. Will voters agree?

Kerala boasts gains in literacy and infant mortality but critics say debt and remittance model has failed to create jobs

Some Thematics Will Stand Out to Be Winners in Long Term: Eastspring's Woon
Economy Bloomberg
Some Thematics Will Stand Out to Be Winners in Long Term: Eastspring's …

Christina Woon of Eastspring Investments says the current environment "can be quite interesting from an opportunity perspective because you can capitalize on the nearer term …

Economy Financial Times
BlackRock’s ambitious India shake-up falls short

Assets under management at joint venture with Mukesh Ambani have declined since last year’s launch

Economy Financial Times
Vance to lead US talks with Iran as Israeli strikes imperil ceasefire

Bombardment of Lebanon prompted Iran to halt passage of oil tankers through Strait of Hormuz

Economy Financial Times
Will Trump stick with his Iran truce?

US president’s ceasefire deal is fraying, the hawks in his alliance are sceptical and Tehran still controls the strait

Gold Steadies as Traders Weigh Fragile Ceasefire in Iran War
Economy Bloomberg
Gold Steadies as Traders Weigh Fragile Ceasefire in Iran War

Gold steadied after a two-day gain as traders weighed the prospect for a diplomatic resolution to the Iran war, even as sporadic fighting threatened to …

S&P 500 Notches Longest Winning Run Since October: Markets Wrap
Economy Bloomberg
S&P 500 Notches Longest Winning Run Since October: Markets Wrap

Wall Street traders drove stocks higher as oil closed below $100 after Israel agreed to direct talks with Lebanon, bolstering expectations that a US ceasefire …

Oil Rises After Biggest Drop Since 2020 as Hormuz Stays Blocked
Economy Bloomberg
Oil Rises After Biggest Drop Since 2020 as Hormuz Stays Blocked

Oil recovered after its biggest one-day drop since April 2020, as the Strait of Hormuz remained largely blocked and Israeli attacks on Lebanon threatened to …

Economy is 'Very Resilient' Despite Geopolitical Risks, Says Luzzetti
Economy Bloomberg
Economy is 'Very Resilient' Despite Geopolitical Risks, Says Luzzetti

Matthew Luzzetti, Deutsche Bank chief US economist and head of US Economic Research, said that the US economy has revealed to be 'very resilient' in …

Economy Financial Times
Twenty Twenty Six — Hugh Bonneville bumbles through W1A follow-up

The jokes are thin and satirical observations gentle in the latest BBC mockumentary

Colombia Downgraded by S&P Ratings Amid Growing Fiscal Concerns
Economy Bloomberg
Colombia Downgraded by S&P Ratings Amid Growing Fiscal Concerns

Colombia’s credit score was downgraded by S&P Global Ratings for the second time in less than a year on concerns over a persistently large fiscal …

Economy Financial Times
Wells Fargo whistleblower award slashed by Wall Street watchdog

SEC’s $53mn payout over fake accounts scandal is less than half the amount originally planned

Coldwell's Waugh: Uncertainty Driving Housing Market
Economy Bloomberg
Coldwell's Waugh: Uncertainty Driving Housing Market

Coldwell Banker Affiliates President Jason Waugh discusses housing stocks bracing for the spring selling season, ‘healthy and strong’ demand, and why uncertainty is driving the …

BTG Deal to Buy Digimais Said to Get Insurance Fund Support
Economy Bloomberg
BTG Deal to Buy Digimais Said to Get Insurance Fund Support

Banco BTG Pactual SA’s deal to buy Banco Digimais SA, a struggling Brazilian lender in need of capital, is getting support from the FGC, the …

Economy Financial Times
Stocks leap as Iran ceasefire sparks global ‘relief rally’

Oil prices tumble following deal between Washington and Tehran to open Strait of Hormuz

Economy Financial Times
Fed’s March minutes supported continued policy easing

The FOMC worried about war uncertainty and elevated labour market risks after poor February labour market data

Economy Financial Times
Truce offers moment of respite for battered Tehran

Residents of Iran’s capital seek to begin picking up the pieces of their lives even if few believe conflict is truly over

Economy Financial Times
SEC names Gibson Dunn partner David Woodcock to run enforcement unit

Appointment comes as Wall Street watchdog accelerates business-friendly deregulation drive

Venezuela Boosts Dollar Sales to Stem Bolívar Slide Post-Maduro
Economy Bloomberg
Venezuela Boosts Dollar Sales to Stem Bolívar Slide Post-Maduro

Venezuela is ramping up dollar sales to the private sector as authorities try to contain a slide in the bolivar that risks reigniting hyperinflation, according …

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