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Latest news from trusted sources around the world

Economy Financial Times
Judge halts construction of Trump’s $400mn White House ballroom

First major setback for 90,000 sq ft white and gold project since East Wing was demolished in October

Price of Brent Should Be Higher to Reflect Situation in Iran War, Says Ellen Wald
Economy Bloomberg
Price of Brent Should Be Higher to Reflect Situation in Iran War, …

Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, said that despite high oil prices she feels the price of brent …

Food Industry is 'Crazy and Wild' as Costs, Prices Rise, Says Stew Leonard's CEO
Economy Bloomberg
Food Industry is 'Crazy and Wild' as Costs, Prices Rise, Says Stew …

Stew Leonard Jr, president and CEO of grocery store Stew Leonard's, said that grocery store owners don't want to raise prices on consumers, but that …

Greek Recovery Gets MSCI Boost With Upgrade to Developed Status
Economy Bloomberg
Greek Recovery Gets MSCI Boost With Upgrade to Developed Status

Greece’s stocks were upgraded to developed-market status by MSCI Inc., marking a milestone in the country’s recovery from a debt crisis that at the time …

America’s Decade-Long AI War Efforts Get a Trial by Fire
Economy Bloomberg
America’s Decade-Long AI War Efforts Get a Trial by Fire

On a recent Friday night, the US made two drastic moves that could end up altering the future of artificial-intelligence-powered warfare. Just after 5 p.m. …

Seeing Transformative M&A: Freshfields' Ethan Klingsberg
Economy Bloomberg
Seeing Transformative M&A: Freshfields' Ethan Klingsberg

Freshfields Partner and Co-Head of US Corporate and M&A Ethan Klingsberg discusses navigating regulation, key M&A strategies, and why we may see 'transformative M&A' in …

Economy Financial Times
Israel to ‘demolish’ all houses in Lebanese border villages

Defence minister Israel Katz plans ‘security control’ of area stretching dozens of kilometres into neighbour’s territory

Economy Financial Times
Iran war gives Chinese exporters chance to grab global market share

Ample oil reserves and renewables growth make manufacturing sector more resilient than rivals

Economy Financial Times
UK submarine captain steps down after link to Chinese spy case

Navy previously conducted investigation into senior officer to examine potential blackmail risk

Economy Financial Times
US stocks post best day in 10 months on hopes Iran war …

Wall Street closes turbulent March on upbeat note as Trump says conflict’s ‘hard part is done’

Economy Financial Times
Trump rebukes France as tensions rise with Europe over Iran war

Italy refuses US warplanes permission to refuel, adding to transatlantic divisions over conflict

Economy Financial Times
Treasury blasted for ‘inhumane’ decision over inheritance tax deadline

Pension experts criticise government’s refusal to extend deadline to pay IHT from six months to 12 months

Economy Financial Times
Drop in hiring adds to Fed’s concerns over low job growth

Vacancies remained strong but US businesses hired far fewer new workers in February

Google Paper Warns Crypto on Quantum Risk Ahead of 2029 Timeline
Economy Bloomberg
Google Paper Warns Crypto on Quantum Risk Ahead of 2029 Timeline

Google researchers warned that future quantum computers may be able to break some of the cryptography protecting Bitcoin and other digital assets with fewer resources …

Economy Financial Times
Trump’s presidential library to feature soaring tower and golden statue

US leader’s foundation expects to raise nearly $1bn for building in Miami containing decommissioned Air Force One

Economy Financial Times
Huawei comeback loses pace as cloud and phones falter

Chinese tech conglomerate reports slowest revenue growth in three years

M&A Tally Hits $1.3 Trillion as Unilever Joins Megadeals Parade
Economy Bloomberg
M&A Tally Hits $1.3 Trillion as Unilever Joins Megadeals Parade

Dealmakers are off to their best ever start to a year thanks to a raft of mega mergers and acquisitions, even as some momentum once …

Energy Crisis: Gas Tops $4 a Gallon in US
Economy Bloomberg
Energy Crisis: Gas Tops $4 a Gallon in US

Gas prices in the US keep surging. The nationwide average has now topped $4 a gallon for the first time since August 2022 due to …

Barclays Predicts Treasury Market Will Need Bailouts
Economy Bloomberg
Barclays Predicts Treasury Market Will Need Bailouts

The Treasury market has been rendered structurally unstable by its explosive growth and is likely to require occasional “official interventions” to support its functioning, according …

Credit Data Firm 9fin Is Valued at $1.3 Billion in Funding Round
Economy Bloomberg
Credit Data Firm 9fin Is Valued at $1.3 Billion in Funding Round

9fin Ltd., the debt intelligence provider founded by two former investment banking analysts, has raised fresh funds at a $1.3 billion valuation as part of …

ECB’s Muller Can’t Rule Out Interest-Rate Hike in April
Economy Bloomberg
ECB’s Muller Can’t Rule Out Interest-Rate Hike in April

European Central Bank Governing Council member Madis Muller said he can’t exclude an increase in borrowing costs at next month’s policy meeting should the Iran …

Economy Financial Times
Eurozone inflation jumps to 2.5% in March

Middle East energy shock pushes annual rate past European Central Bank’s 2% target

Economy Financial Times
FirstFT: Pete Hegseth’s broker looked to buy defence fund before Iran attack

Also in today’s newsletter: US petrol prices rise above $4 a gallon while Unilever and McCormick in talks to create $60bn food group

South Africa to Lower Fuel Tax as Gasoline Price Spike Looms
Economy Bloomberg
South Africa to Lower Fuel Tax as Gasoline Price Spike Looms

South Africa will reduce a tax imposed on fuel to offset the impact of surging oil prices on domestic gasoline, Finance Minister Enoch Godongwana said.

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