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Latest news from trusted sources around the world

How Goldman Sachs Dodged a Private Credit Exodus
Economy Bloomberg
How Goldman Sachs Dodged a Private Credit Exodus

Goldman Sachs Group says its private credit fund narrowly escaped a broader exodus due to its reliance on institutional investors. Goldman Sachs Private Credit, which …

Economy Financial Times
Doctors’ demands could cost NHS up to £30bn a year, says Streeting

Health secretary warns that acceding to further pay rise would lead to wage claims from other staff, as latest six-day strike begins

Economy Financial Times
Air India chief quits early after turbulent tenure

Campbell Wilson’s ambition to turn carrier into world-class airline marred by fatal crash of Boeing Dreamliner jet

Economy Financial Times
Better public transport alone will not solve UK’s growth dilemma

‘We need a tram’ is a vote winner but skirts harder policy questions

Economy Financial Times
Taiwan opposition leader in ‘peace’ trip to China

First trip by a Kuomintang chair in a decade comes shortly ahead of planned Beijing summit with Donald Trump

European Gas Prices Climb Ahead of US Deadline for Hormuz Deal
Economy Bloomberg
European Gas Prices Climb Ahead of US Deadline for Hormuz Deal

European natural gas prices jumped in a volatile session after reports that Iran stopped negotiating a potential ceasefire with the US, just hours before US …

Bitcoin Slides With Risk Assets as Trump’s Iran Ultimatum Looms
Economy Bloomberg
Bitcoin Slides With Risk Assets as Trump’s Iran Ultimatum Looms

Bitcoin slipped on Tuesday, as cryptocurrencies were caught up in the broader market volatility ahead of President Donald Trump’s deadline for Iran.

Economy Financial Times
Israeli embrace pitches Somaliland into regional maelstrom

Self-declared state in the Horn of Africa confronts an array of adversaries at an explosive moment

Economy Financial Times
New UK agency to tackle abuse of labour market rules

Fair Work Agency will focus on construction and social care that depend on migrants in effort to halt fraud and exploitation

Economy Financial Times
Rearming Germany: how a €10bn warship project turned sour

The fate of the F126 frigate is a cautionary tale for a procurement agency that buys everything from towels and flip-flops to tanks and fighter …

Economy Financial Times
UK considers testing AI models used by banks

Starling Bank executive proposed independent assessment to ensure minimum standards

Economy Financial Times
Where to eat in east London, by restaurateur Dom Hamdy

The man behind some of London’s coolest eateries shares his favourite tables in his corner of the capital

Economy Bloomberg
"Slim Hope For Resolution" Before Trump's Iran Deadline

Bloomberg's Joumanna Bercetche and Stephen Stapczynski analyze the chances of a possible truce as Trump's deadline for a major escalation in Iran approaches. (Source: Bloomberg)

How Iran War Could Reshape US Alliances in Asia
Economy Bloomberg
How Iran War Could Reshape US Alliances in Asia

Analysts say the war in Iran is presenting China with an opportunity to cast itself as a more stable and reliable partner than the US …

Japan 30-Year Bond Sale Sees Weaker Demand Than 12-Month Average
Economy Bloomberg
Japan 30-Year Bond Sale Sees Weaker Demand Than 12-Month Average

Japan’s 30-year government bond auction drew its weakest demand since June as uncertainty about Middle East tensions damped investor appetite.

Iran Amplifies LNG Shortage by Blocking Passages Through Hormuz
Economy Bloomberg
Iran Amplifies LNG Shortage by Blocking Passages Through Hormuz

Iran has yet to allow a single carrier loaded with liquefied natural gas to pass through the Strait of Hormuz in weeks of war, according …

Goldman Warns on Copper as Iran War Threatens Global Economy
Economy Bloomberg
Goldman Warns on Copper as Iran War Threatens Global Economy

Copper is vulnerable to further declines if the Strait of Hormuz remains blocked, Goldman Sachs Group Inc. warned, as metals markets brace for President Donald …

Stocks Fall and Oil Rises on US-Iran Deal Doubts: Markets Wrap
Economy Bloomberg
Stocks Fall and Oil Rises on US-Iran Deal Doubts: Markets Wrap

Stocks fell and oil climbed on concern the war in the Middle East is intensifying ahead of President Donald Trump’s deadline for Iran to agree …

Gold Prices Steady as Traders Assess War, Trump Deadline
Economy Bloomberg
Gold Prices Steady as Traders Assess War, Trump Deadline

Gold was little changed as traders weighed the developments in the Middle East war ahead of President Donald Trump’s deadline for Iran to agree to …

Economy Financial Times
FirstFT: Donald Trump renews threat to destroy Iran’s infrastructure

Also in today’s newsletter: China’s CATL takes ambitions to the high seas, and Jamie Dimon warns private credit losses will be larger than feared

Phillips 66 Sees Nearly $1 Billion in Losses as Oil Prices Surge
Economy Bloomberg
Phillips 66 Sees Nearly $1 Billion in Losses as Oil Prices Surge

Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as …

Goldman Says It’s Ready to Pounce as Retail Flees Private Credit
Economy Bloomberg
Goldman Says It’s Ready to Pounce as Retail Flees Private Credit

Goldman Sachs Group Inc. says a reliance on stickier, more patient institutional investors, rather than wealthy individuals, helped its $15.7 billion private credit fund narrowly …

2026 is World’s Largest Sports Year: Paul Caine
Economy Bloomberg
2026 is World’s Largest Sports Year: Paul Caine

On Location President Paul Caine discusses the economic ripple effects of the FIFA World Cup, why 2026 is set to be a monumental year for …

Medicare Finalizes 2.48% Rate Hike
Economy Bloomberg
Medicare Finalizes 2.48% Rate Hike

The US Medicare program will pay private insurers 2.48% more in 2027, a meaningful improvement over the initial rates the agency proposed in January. Michelle …

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