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Latest news from trusted sources around the world

SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern
Economy Bloomberg
SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern

With more than $60 billion committed, some SoftBank insiders are growing uneasy over Son’s devotion to Altman.

Japan Spent Billions and Yen Is Still Falling
Economy Bloomberg
Japan Spent Billions and Yen Is Still Falling

For the full experience visit: Japan Spent Billions and Yen Is Still Falling

Economy Financial Times
Trump endorses ‘Maga warrior’ Ken Paxton in Texas Senate run-off

President’s tapping of controversial candidate could give Democrats an opening in November’s midterm elections

Economy Financial Times
Reeves considers levying ‘oligarch premium’ on overseas buyers of expensive UK homes

Non-UK resident property owners could pay a charge on top of a planned mansion tax

Heat Strains US Power Grids That Need Off-Season Repairs
Economy Bloomberg
Heat Strains US Power Grids That Need Off-Season Repairs

A blast of late-spring heat is straining electric grids in the eastern US as power-plant owners race to repair equipment ahead of rising demand and …

Economy Financial Times
Wall Street prepares for boom in tech IPOs after Cerebras’ success

Chip designer’s $6.4bn raise signals demand ahead of huge listings expected from SpaceX, OpenAI and Anthropic

Economy Financial Times
Shapps broke rules on ministerial appointments with role at military tech start-up

Former Tory defence secretary rebuked for ‘failing to uphold standards’ over chairmanship of Cambridge Aerospace

Economy Financial Times
Son of billionaire Mango founder released after detention over father’s fatal fall

Fashion chain boss Isak Andic died while on a hiking trip with his son Jonathan in 2024

Economy Financial Times
‘Married at First Sight’ allegations shock UK TV industry

Two women have said they were raped during the filming of the Channel 4 dating show

UK Tweaks Russian Sanctions to Ease Diesel and Jet Fuel Crunch
Economy Bloomberg
UK Tweaks Russian Sanctions to Ease Diesel and Jet Fuel Crunch

The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in …

Economy Financial Times
Putin and Xi to discuss huge gas project at China summit

Talks on Power of Siberia 2 pipeline come just days after Donald Trump’s visit to Beijing

Economy Financial Times
Reform UK unveils candidate to challenge Andy Burnham in by-election

Plumber who came second in Makerfield in 2024 election will take on Manchester mayor seeking to become Labour leader

Euronext Results Beat on Volatility-Led Trading, Greek Exchange
Economy Bloomberg
Euronext Results Beat on Volatility-Led Trading, Greek Exchange

Euronext NV’s results beat expectations as market volatility boosted trading volumes and the newly acquired Athens stock exchange contributed to revenue.

BPCL Turns to Spot Crude as Iran Conflict Disrupts Term Supplies
Economy Bloomberg
BPCL Turns to Spot Crude as Iran Conflict Disrupts Term Supplies

India’s Bharat Petroleum Corp. Ltd. has largely shifted to making spot crude purchases as the Iran war upends annual arrangements for Middle Eastern barrels, highlighting …

Economy Financial Times
Xi told Trump that Putin might ‘regret’ invasion of Ukraine

US president also suggested they should co-operate with Russian leader against the International Criminal Court

Economy Financial Times
Treasury pushes supermarkets to cap food prices

Retailers furious at government effort aimed at limiting impact of inflation

Economy Financial Times
Bank of Japan to move ahead with a rate increase in June

Read the BoJ’s May forecast from the FT’s Monetary Policy Radar team

Economy Financial Times
Wendy’s is a prime candidate for the Nelson Peltz activist special

One-third drop in the fast-food chain’s share price has created another opportunity for Trian

Shell Wins Investor Backing for Higher Executive Bonuses
Economy Bloomberg
Shell Wins Investor Backing for Higher Executive Bonuses

Shell Plc shareholders approved a new policy that could award larger bonuses to executive directors, moving the company closer to compensation levels at its US …

New York and US Northeast Face Wilting Heat, Power Alert
Economy Bloomberg
New York and US Northeast Face Wilting Heat, Power Alert

New Yorkers are contending with sweltering heat Tuesday as high temperatures threaten to topple regional records and strain energy supplies.

Goldman Sachs Intl. Says Europe Has a 'Huge Opportunity'
Economy Bloomberg
Goldman Sachs Intl. Says Europe Has a 'Huge Opportunity'

Goldman Sachs International co-CEOs Anthony Gutman and Kunal Shah discuss the outlook for Europe's capital markets, risks facing the global economy and the race to …

Trafigura-Backed Terrafame Studies Producing Scandium in Finland
Economy Bloomberg
Trafigura-Backed Terrafame Studies Producing Scandium in Finland

Metals firm Terrafame is studying starting producing scandium, a material used in sectors including defense, from its existing uranium operation in Finland, as Europe seeks …

Fund Managers Boost Stock Allocations by a Record in BofA Poll
Economy Bloomberg
Fund Managers Boost Stock Allocations by a Record in BofA Poll

Fund managers chasing the powerful rally in equities increased their allocations to stocks by the most on record this month, a Bank of America Corp. …

Economy Financial Times
German government launches Uniper privatisation four years after rescue

Berlin to reduce stake in gas importer from 99% to 25% following nationalisation triggered by Ukraine war

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