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Latest news from trusted sources around the world

Tech Leads Stocks Lower as Iran Deadlock Drags On: Markets Wrap
Economy Bloomberg
Tech Leads Stocks Lower as Iran Deadlock Drags On: Markets Wrap

A retreat in technology shares pulled stocks lower in the US and Asia. Oil fell modestly and Treasuries slipped as traders waited for signs of …

Oil Declines After Trump Says He Called Off Strike on Iran
Economy Bloomberg
Oil Declines After Trump Says He Called Off Strike on Iran

Oil fell after President Donald Trump said he’d called off a strike on Iran planned for Tuesday following an appeal by Persian Gulf allies.

Japan Official Sows Doubt Over Potential US Treasuries Sales
Economy Bloomberg
Japan Official Sows Doubt Over Potential US Treasuries Sales

A senior Japanese Finance Ministry official sowed doubt over any prospects for the nation to sell US Treasuries as part of any move to prop …

Economy Bloomberg
Fast-Moving Sandy Fire Out of Control Near Los Angeles

A brush fire in Southern California's Simi Valley has prompted evacuations as high winds fuel the blaze. The Sandy Fire broke out Monday morning about …

AI Chip Startup Tenstorrent Draws Takeover Interest From Intel, Qualcomm
Economy Bloomberg
AI Chip Startup Tenstorrent Draws Takeover Interest From Intel, Qualcomm

Artificial intelligence chip startup Tenstorrent Inc. is drawing early takeover interest from prospective buyers at a moment of renewed momentum for upstarts looking to challenge …

Economy Financial Times
Burnham vows to reverse privatisation and austerity if he replaces Starmer

Greater Manchester mayor also insists he will not rip up the UK’s fiscal rules

Economy Financial Times
US eases Russian oil sanctions in bid to contain Iran price surge

Renewal of 30-day licence comes as high fuel costs hit American consumers

Economy Financial Times
US drops fraud charges against Asia’s richest person

Conglomerate owned by Asia’s richest person had earlier agreed to pay $275mn to settle separate US sanctions violation probe

Economy Financial Times
The cracks in the Putin edifice

Russian leader’s conviction that he could outlast the west is being tested

Economy Financial Times
How Trump became political kryptonite

The president’s ‘populist war’ in Iran is dooming his allies and leaders who sought his favour

Royal Caribbean Slides After Mexico Reviews Water Park Plan
Economy Bloomberg
Royal Caribbean Slides After Mexico Reviews Water Park Plan

Royal Caribbean Cruises Ltd. shares fell after Mexican President Claudia Sheinbaum ordered a review of the cruise line operator’s water park project in Quintana Roo …

Strong Earnings Offsetting Inflation Concerns: Sundar
Economy Bloomberg
Strong Earnings Offsetting Inflation Concerns: Sundar

Sitara Sundar, Head of Alternative Investment Strategy at JPMorgan Private Bank, says strong earnings are offsetting inflation concerns and AI demand is still outstripping supply. …

MIAX Bets Big on Retail Futures
Economy Bloomberg
MIAX Bets Big on Retail Futures

MIAX CEO Thomas Gallagher joins Bloomberg Open Interest to explain why the exchange is betting big on retail futures trading, how mega IPOs like SpaceX …

Sheinbaum Backs Reforms to Candidate Selection for Judicial Vote
Economy Bloomberg
Sheinbaum Backs Reforms to Candidate Selection for Judicial Vote

Mexican President Claudia Sheinbaum will submit a proposal to Congress to reform an upcoming judicial election, following widespread criticism of the erratic rulings of inexperienced …

Extended Oil Shock Spells Higher, Sticky Inflation
Economy Bloomberg
Extended Oil Shock Spells Higher, Sticky Inflation

The amount of inflation priced into 10-year Treasury yields is a little hard to square with what the market is saying about price rises in …

Zambia Forms Gold Venture to Formalize Mining, Build Processing
Economy Bloomberg
Zambia Forms Gold Venture to Formalize Mining, Build Processing

Zambia’s state-controlled mining investment firm has formed a joint venture to formalize the artisanal gold trade in a region of the southern African country.

Economy Financial Times
Trump drops $10bn lawsuit against IRS and Treasury

Legal action stemmed from leak of tax documents

Economy Financial Times
Baseball is learning to live with shorter attention spans

New rules have made games faster and more exciting

Economy Financial Times
NextEra strikes megadeal with Dominion to create $420bn US utility

Tie-up would create power behemoth at a time of booming demand for electricity for AI data centres

Economy Financial Times
What can we expect from the Fed under Kevin Warsh?

Take part in a live Ask an Expert Q&A with the FT’s US economics editor, US economics correspondent and US markets editor today at 4pm …

Economy Financial Times
UK plans to relax key banking rules set up after 2008 financial …

Chief secretary to the Treasury says softening ringfencing regulations would free up £80bn for extra lending

Lufthansa Speaks to Investors for Euro Bond as Fuel Stress Grows
Economy Bloomberg
Lufthansa Speaks to Investors for Euro Bond as Fuel Stress Grows

Deutsche Lufthansa AG is speaking with investors ahead of a potential euro-denominated bond sale, as the airline industry grapples with rising jet fuel costs.

Iran Conflict Has Raised the Floor for Bond Yields, JPMorgan Says
Economy Bloomberg
Iran Conflict Has Raised the Floor for Bond Yields, JPMorgan Says

Kim Crawford, global fixed income portfolio manager at JPMorgan Asset Management, and Laura Cooper, global investment strategist and macro credit head at Nuveen, discuss the …

IEA Chief Warns Commercial Oil Inventories Are Falling Very Fast
Economy Bloomberg
IEA Chief Warns Commercial Oil Inventories Are Falling Very Fast

International Energy Agency Executive Director Fatih Birol warned that the tally of commercial oil inventories is shrinking at an accelerated pace.

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