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Latest news from trusted sources around the world

Oil at $120 or $130 Could Trigger a Recession, Hooper Says
Economy Bloomberg
Oil at $120 or $130 Could Trigger a Recession, Hooper Says

Man Group Chief Market Strategist Kristina Hooper is worried about how high energy costs are impacting consumers. She says oil at $120 or $130 could …

Economy Financial Times
Fed to loosen capital requirements for big US banks

Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis

Economy Financial Times
Iran’s new supreme leader vows to keep Strait of Hormuz closed

Written statement is first public comment from Mojtaba Khamenei since the start of the war

Economy Financial Times
US intervention in oil futures would be ‘biblical disaster’, CME warns

Terry Duffy says any attempt by the government to lower prices using derivatives market would erode confidence

Economy Financial Times
How the Iran war will change global business

Damage from the conflict is already having an impact on corporate strategy

Economy Financial Times
An uncomfortable truce in the AI platform wars

Anthropic and Microsoft have struck an alliance on agents but the tussle over the future of the technology will only intensify

Trump and Iran Strike Defiant Tone as Oil Markets See Little Relief
Economy Bloomberg
Trump and Iran Strike Defiant Tone as Oil Markets See Little Relief

President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets …

Economy Financial Times
British politicians have the wrong kind of money on the brain

Westminster struggles to talk seriously about most topics and in particular about the economy

Economy Financial Times
Pressure grows on Starmer over Mandelson due diligence

Prime minister accused of failing to engage effectively with the appointment process

Wall Street’s ‘Buffer’ ETFs Face Test as War Spurs Volatility
Economy Bloomberg
Wall Street’s ‘Buffer’ ETFs Face Test as War Spurs Volatility

Bonds keep failing at one of their key jobs — cushioning stock losses. Wall Street has noticed, and it’s pushing an alternative: an $80 billion …

AI Impact on Software Won’t Trigger Wave of Downgrades, S&P Says
Economy Bloomberg
AI Impact on Software Won’t Trigger Wave of Downgrades, S&P Says

The impact of artificial intelligence on the software industry will not be severe enough to cause a sector wide wave of credit rating downgrades, S&P …

Vista CEO Says Oil Rally May Buoy Argentina Shale Capex
Economy Bloomberg
Vista CEO Says Oil Rally May Buoy Argentina Shale Capex

Argentina’s shale boom is accelerating. Vista Energy CEO Miguel Galuccio joins Bloomberg Open Interest to discuss how the Vaca Muerta is positioning Argentina as a …

Economy Financial Times
Russia rakes in $150mn a day in extra revenue from surging oil …

Middle East conflict boosts Vladimir Putin’s war chest as tankers carrying Russian oil head to India

Stellantis Weighs Deals With China Rivals to Shore Up Europe
Economy Bloomberg
Stellantis Weighs Deals With China Rivals to Shore Up Europe

Stellantis NV is exploring deals with Chinese carmakers through which they would invest in the Fiat owner’s struggling European operations, as the company focuses its …

Traders No Longer Fully Price In a Fed Rate Cut This Year
Economy Bloomberg
Traders No Longer Fully Price In a Fed Rate Cut This Year

Bond traders have ceased to fully price in even one quarter-point interest rate cut by the Federal Reserve this year as rising oil prices stoke …

Economy Financial Times
‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on …

Operators face growing risks whether they stay or flee through Strait of Hormuz

Economy Financial Times
Iran war causing ‘largest disruption in history’ to oil supplies, says IEA

Global crude output will fall to lowest level in four years, energy agency warns in report

Economy Financial Times
Starmer is more at home in foreign policy

But a lack of strong political instincts or ideology has left his government drifting

Economy Financial Times
BBC faces real-terms funding freeze for World Service

Government in final negotiations over deal expected to set inflationary increase in funding for global news provider

Economy Financial Times
Honda warns of $15bn loss after scrapping EV models

Japanese carmaker is latest casualty from souring outlook for US electric vehicle sales

India in Talks With Iran to Secure Safe Passage for Tankers
Economy Bloomberg
India in Talks With Iran to Secure Safe Passage for Tankers

India is in talks with Iran to secure the safe passage of more than 20 tankers through the Strait of Hormuz, according to people familiar …

Economy Financial Times
Oil surges back past $100 as Iran disrupts shipping in Gulf

Global stocks slide as Tehran escalates attacks on energy infrastructure

Global Bonds Erase 2026 Gains as War Fuels Inflation Angst
Economy Bloomberg
Global Bonds Erase 2026 Gains as War Fuels Inflation Angst

Global bonds have surrendered their year-to-date gains as elevated oil prices stoke fears that inflation will reignite, triggering a selloff across fixed-income markets.

Two Tankers Attacked In Iraqi Waters
Economy Bloomberg
Two Tankers Attacked In Iraqi Waters

Two oil tankers have been attacked in Iraqi waters, according to the country’s state oil marketer, prompting the nation’s oil terminals to suspend operations. (Source: …

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