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Latest news from trusted sources around the world

MSCI Removes Stocks Linked to Indonesia’s Richest From Indexes
Economy Bloomberg
MSCI Removes Stocks Linked to Indonesia’s Richest From Indexes

MSCI Inc. cut some Indonesian stocks linked to the country’s richest billionaires from its indexes, following through on a warning last month that it will …

Trump's Goal In China? Keep It Simple
Economy Bloomberg
Trump's Goal In China? Keep It Simple

Expectations are running high for the US-China summit in Beijing, but Trump’s main goal should be to not make things worse, the Editorial Board writes. …

Economy Financial Times
Pentagon’s Iran war bill nears $30bn as Trump renews threats

Lawmakers demand answers as mounting cost of conflict weighs on the economy

Economy Financial Times
China’s big tech groups miss out on AI stock market frenzy

Tencent and Alibaba left behind as investors focus on pure AI plays

China’s Manufacturing Heartland Tested by Iran War Energy Shock
Economy Bloomberg
China’s Manufacturing Heartland Tested by Iran War Energy Shock

Economic activity in China’s most important manufacturing hub is heaping pressure on power supplies, sparking an energy stress test as the Iran war chokes shipments …

Japan’s Sojitz Eyes Southeast Asia for New Rare Earths Supply
Economy Bloomberg
Japan’s Sojitz Eyes Southeast Asia for New Rare Earths Supply

Japanese trading house Sojitz Corp. is looking to Southeast Asia and other regions as new potential sources of rare earths outside Australia, as it aims …

CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach
Economy Bloomberg
CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach

Vistance Networks, formerly known as CommScope Holding Co., was sued by a group of lenders who allege the telecommunications provider breached a debt agreement by …

Economy Financial Times
US inflation jumps to 3.8% as Trump’s Iran war sends petrol prices …

April figure marks highest level in three years as effects of conflict reverberate through world’s biggest economy

Economy Financial Times
Scottish Mortgage defends $1.25tn SpaceX valuation ahead of IPO

UK investment trust’s valuation means its holding in Elon Musk’s company is worth £3bn

Economy Financial Times
Musk made ‘hair-raising’ demands for control of OpenAI, Altman testifies

Start-up’s CEO takes the stand in legal battle with billionaire

Brazil Meat Left Out of EU Suppliers List in Risk to Trade
Economy Bloomberg
Brazil Meat Left Out of EU Suppliers List in Risk to Trade

Brazil is absent from a list of countries authorized to supply animal products to the European Union, presenting a trade risk to the world’s largest …

Inflation to Peak in May or June, Gapen Says
Economy Bloomberg
Inflation to Peak in May or June, Gapen Says

Morgan Stanley Chief US Economist expects US inflation to peak this year in May or June. He says the latest CPI report will keep the …

Biggest US Grid May Be Too Large to Function, Regulator Says
Economy Bloomberg
Biggest US Grid May Be Too Large to Function, Regulator Says

PJM Interconnection LLC, the biggest power grid in the US, may have become too big to adequately function and needs urgent reform, Federal Energy Regulatory …

Venture Global Shares Surge on LNG Deals, Project Expansions
Economy Bloomberg
Venture Global Shares Surge on LNG Deals, Project Expansions

Venture Global Inc. shares shot up on Tuesday after the liquefied natural gas exporter announced two new supply deals and detailed expansion plans for export …

Economy Financial Times
Four ministers resign as Starmer vows to fight on

PM challenges rivals to launch formal leadership contest

Alphabet Offers Eight-Tranche Deal in Its Debut Yen Bond Sale
Economy Bloomberg
Alphabet Offers Eight-Tranche Deal in Its Debut Yen Bond Sale

Alphabet Inc. has begun marketing its first-ever bond sale in yen, further broadening its funding channels as the Google parent sharply increases capital spending to …

JPMorgan Fully Committed to EU,  EMEA Co-Head Wiltz Says
Economy Bloomberg
JPMorgan Fully Committed to EU, EMEA Co-Head Wiltz Says

Matthieu Wiltz, JPMorgan EMEA co-CEO, says M&A, equity and debt capital markets, and leveraged finance had a “booming” first quarter with a solid pipeline, and …

Economy Financial Times
Ukraine nears deal with Pentagon to test drones in US

Draft statement of intent seen as first step towards potential bigger ‘drone deal’

Economy Financial Times
UK borrowing costs surge as Starmer leadership crisis rattles bond markets

Thirty-year gilt yield at highest this century as cabinet ministers pressure PM to consider his position

Economy Financial Times
Higher US CPI inflation adds pressure on Fed

Rising prices are not just concentrated in energy categories

Emerging-Market Currencies, Stocks Fall as Iran Peace Hopes Dim
Economy Bloomberg
Emerging-Market Currencies, Stocks Fall as Iran Peace Hopes Dim

Emerging-market currencies and stocks fell on concern the ceasefire between the US and Iran is on the brink of collapse, while a slump in South …

Economy Financial Times
How do Labour leadership challenges work?

Keir Starmer’s party has less experience in ousting leaders than the Conservatives

Economy Financial Times
Chipmaker Cerebras joins OpenAI’s inner circle — for a price

Launching into the magic of the Altman-osphere could prove to be quite a windfall

Economy Financial Times
Bank of Japan minutes suggest next move to come in June

Summary of opinions points to June move even if ‘the situation in the Middle East remains unclear’

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