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Latest news from trusted sources around the world
Fridge hackers exploited ‘basic security flaws’ at French retailers
Head of France’s cyber security agency said lack of protection and weak passwords helped criminals seize control of systems
JPMorgan’s Turkey Securities Unit Plans to Cease Operations
JPMorgan Chase & Co.’s securities unit in Turkey said it planned to cease operating in the country.
France’s borrowing costs hit 5% for first time since 2002
Concerns over public finances and political stability have helped push up 10-year bond yields from 3.2% in late February
A SpaceX-Tesla Merger? Why Elon Musk Thinks It’s a Good Idea
A decade ago, Elon Musk saw little reason for SpaceX and Tesla Inc. to merge, saying that the ties between the two firms were “really …
Reform reports ITV to police over undercover documentary
Zia Yusuf says tactics behind programme that showed party councillors making sexist and racist comments may have been illegal
Who’s paying for the AI build-out? Probably you
Every big pool of capital, in every corner of the developed world, is funding data centres
Lula, Bolsonaro Court Brazil Voters With Free Bus Rides, Cash Back
Free public transportation on weekends. Cash back on energy and other bills through an instant payment system. Debt forgiveness for millions of small entrepreneurs.
Rubio Says Ukraine Wouldn’t Exist Without US Support
Secretary of State Marco Rubio defended the Trump administration’s support for Ukraine on Wednesday during a visit to India. Rubio told reporters the nation “as …
RBI Turns Away All Bids at Treasury Bill Sale Amid Bond Selloff
India’s central bank rejected all bids at a sale of federal treasury bills on Wednesday amid a bond selloff that pushed borrowing costs to multi-year …
Prabowo Says Indonesia Will Not Be Intimidated by MSCI
Indonesian President Prabowo Subianto had a message Wednesday for global index provider MSCI Inc.: Indonesia would not be cowed.
Dangote Buys 25% Stake in Kenya Pipeline for $327 Million
Aliko Dangote’s company bought 25% of Kenya Pipeline Co. as Africa’s richest man expands his energy empire across the continent.
FirstFT: SpaceX and Tesla explore merger
Also in today’s newsletter: Netanyahu pushes to resume large-scale strikes against Iran and French borrowing costs hit 5% for the first time since 2002
French Bond Risk Gauge Nears 160 Basis Points, Hits 15-Year High
Investors demanded a higher premium to hold French government bonds as concerns over the country’s fiscal outlook weighed on the market.
Pound Hedging Costs Hit Five-Month High on UK Budget Risks
The cost of hedging against swings in the pound versus the euro rose to the highest in five months as traders position for next week’s …
Burnham’s North Sea ‘pragmatism’ is no big shift from Starmer’s
Plus, why Ed Davey believes the prime minister is about to call an early election
UK’s biggest port operator valued at over £10bn in Australian fund purchase
Infrastructure giant IFM Investors buys majority stake in Associated British Ports from Canadian pension funds
Don’t underestimate Netflix’s power to flip the script
Focusing on making more Oscar winners would double down on territory YouTube has struggled to conquer
Macquarie Oil Traders Leave as Bank Restructures Commodity Units
Several oil traders at Macquarie Group Ltd. have left the firm, with the departures coming as the bank merges two of its main commodity-trading units.
DayOne Said to Weigh Options for US IPO After Data Center Rout
DayOne Data Centers Ltd. is weighing options for its US initial public offering, including a potential delay or size cut, amid increasing volatility around data …
China’s nightmare: becoming the next Japan
Tokyo lost decades when a property bust led to an economic slump. Could the same phenomenon undo Xi Jinping’s ambitions?
How China is breaking down the west’s battery walls
Chinese groups are racing to build a global supply chain as protectionist barriers rise
Australian data centre group falls 44% on profit warning
NextDC plunge adds to sector woes as Nvidia holds talks over injecting capital into Firmus after failed IPO
SpaceX and Tesla boards explore potential merger
Elon Musk says combining his two public companies would be a ‘good idea’ as the world approaches an AI singularity
CATL’s Slow Profit Growth Fans Fears for China Battery Peers
CATL’S slower-than-expected quarterly profit growth hit the battery giant’s shares on Wednesday as analysts warned that the company and peers may struggle to manage pressure …
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