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Latest news from trusted sources around the world

Economy Financial Times
Global markets recoil as Rubio warns war in Iran could stretch for …

Comments from US secretary of state come as oil jumps to $114 and Wall Street stocks slide

Fund With Anthropic Stake Slides in Post-Listing Reversal
Economy Bloomberg
Fund With Anthropic Stake Slides in Post-Listing Reversal

Shares of the Fundrise Innovation Fund fell sharply for a second straight day Friday, though remain well above the underlying value of its holdings in …

Economy Financial Times
US appeals court overturns $16bn Argentina ruling in blow to Burford Capital

Litigation funder’s share price fell 54% following decision by New York judges

US, Israel Hit Nuclear Targets as Iran Vows Retaliation
Economy Bloomberg
US, Israel Hit Nuclear Targets as Iran Vows Retaliation

The US and Israel bombed Iranian nuclear and steel facilities on Friday, while Iran retaliated across the Persian Gulf, causing markets to sink and oil …

US Signals to Allies No Immediate Plans for Iran Invasion
Economy Bloomberg
US Signals to Allies No Immediate Plans for Iran Invasion

The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of …

Citi’s Global Credit Head on Risks in Private Credit
Economy Bloomberg
Citi’s Global Credit Head on Risks in Private Credit

Michael Anderson, Citigroup Global Head of Credit Strategy, addressed recent large redemptions in private credit funds, highlighting liquidity and credit mismatches as key issues. He …

Kailera Therapeutics Files for US IPO to Fund Obesity Drugs
Economy Bloomberg
Kailera Therapeutics Files for US IPO to Fund Obesity Drugs

Kailera Therapeutics Inc. filed for a US initial public offering to help fund the development of its pipeline of obesity drugs.

Tiger Woods Charged With DUI After Accident, Sheriff’s Office Says
Economy Bloomberg
Tiger Woods Charged With DUI After Accident, Sheriff’s Office Says

Golfer Tiger Woods was arrested for driving under the influence after an auto accident in Jupiter Island, Florida, the Martin County Sheriff’s Office says during …

Economy Financial Times
Gulf officials seek to calm investors as war rattles confidence

Delegates at a Miami conference urged to continue investing in the region

Economy Financial Times
Stocks and bonds slump in tandem as Iran shock leaves investors ‘nowhere …

Traditional 60-40 portfolio of global equities and fixed income on course for worst month since 2022

Economy Financial Times
How markets may be affecting US military action in Iran

First, peace negotiations were ongoing. Then, more US troops were deployed to the Gulf. Why?

Economy Financial Times
Memory chip stocks shed $100bn as AI-driven shortage trade unwinds

New research suggests AI data centres will need much less memory than investors had bargained for

Economy Financial Times
Middle East war day 28 as it happened: US expects conflict against …

Secretary of state and foreign ministers discuss impact of conflict on energy prices, as oil closes at its highest since 2022

Economy Financial Times
UK diesel stockpiles at risk, warn traders

Commercial inventories could be used up by mid-May if the Strait of Hormuz remains closed

Economy Financial Times
How has the global economy changed since ‘liberation day’?

A new FTNB series explores the consequences of Trump’s sweeping tariff regime over the past year

Asia’s Air Travel Crisis Risks Spreading on Iran War’s Jet Fuel Squeeze
Economy Bloomberg
Asia’s Air Travel Crisis Risks Spreading on Iran War’s Jet Fuel Squeeze

The aviation crisis starting to grip Asia is threatening to intensify and spread to Europe and beyond, as energy turmoil caused by the Iran war …

Why MLB’s Deal with Polymarket Is About More Than Just Money
Economy Bloomberg
Why MLB’s Deal with Polymarket Is About More Than Just Money

MLB has announced an exclusive partnership with Polymarket, adding momentum to the fast-growing intersection of sports and prediction markets. On this episode of the Everybody's …

Sixth Street Nears Deal for 80% of Sunderland Women’s Team
Economy Bloomberg
Sixth Street Nears Deal for 80% of Sunderland Women’s Team

Sixth Street Partners, one of the most active private equity investors in football, is nearing an acquisition of a majority stake in Sunderland AFC’s women’s …

Economy Financial Times
UK police end investigation into alleged voter fraud in Manchester by-election

Probe was launched after monitoring group said it witnessed ‘high levels of family voting’ at Gorton and Denton poll

Economy Financial Times
Saudi Arabia cancels building contracts for desert ski resort

Futuristic facility was part of kingdom’s $500bn Neom mega-project

Shale Oil Drilling Growth Primed to Restart in 2026, Citi Says
Economy Bloomberg
Shale Oil Drilling Growth Primed to Restart in 2026, Citi Says

Higher oil prices driven up by the conflict in the Middle East stand to push some of America’s biggest shale producers to start adding drilling …

Economy Financial Times
Time to tackle the rank absurdities in UK energy policy

The debate over North Sea oil and gas resembles a bar brawl between opponents who can’t see straight

Economy Financial Times
Lloyds faces £66mn car-finance lawsuit from 30,000 consumers

‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme

BYD’s Profit Slump Shows China’s EV Downturn Is Far From Over
Economy Bloomberg
BYD’s Profit Slump Shows China’s EV Downturn Is Far From Over

BYD Co. Chairman Wang Chuanfu warned of further pain ahead for China’s electric vehicle industry after the world’s biggest EV maker delivered its third straight …

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