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Latest news from trusted sources around the world

Economy Financial Times
Canada launches tens of billions in Arctic military investment

Mark Carney announces funds for three ‘forward operating bases’ and other upgrades in the country’s north

Economy Financial Times
Why China’s renminbi push matters even if it never rivals the dollar

If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency

Stocks Fall and Brent Tops $100 as War Heats Up: Markets Wrap
Economy Bloomberg
Stocks Fall and Brent Tops $100 as War Heats Up: Markets Wrap

Volatility gripped Wall Street, with stocks falling and oil jumping to an over three-year high as the war in Iran raged on. A rally in …

Four Confirmed Killed in Refueling Plane Crash, US Command Says
Economy Bloomberg
Four Confirmed Killed in Refueling Plane Crash, US Command Says

Four of the six crew aboard a KC-135 refueling plane that crashed over western Iraq are confirmed dead, US Central Command said on Friday.

Brent Oil Trades Near $100 as Iran Vows to Keep Hormuz Closed
Economy Bloomberg
Brent Oil Trades Near $100 as Iran Vows to Keep Hormuz Closed

Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged …

Califia Farms CEO on Product Innovation, What’s Next
Economy Bloomberg
Califia Farms CEO on Product Innovation, What’s Next

Califia Farms CEO Dave Ritterbush discusses product innovation, inflation, and what comes next for the company. He talks with Romaine Bostick and Katie Greifeld on …

Economy Financial Times
Investors slash Fed rate-cut bets as Iran war sends petrol prices surging

Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs

Economy Financial Times
Oil pushes above $100 as Strait of Hormuz crisis intensifies

Brent settles in triple-digit territory for first time since 2022 as Iran’s new leader calls for vital waterway to ‘remain closed’

Abrahimzadeh: Reasons to be Optimistic on IPO Outlook
Economy Bloomberg
Abrahimzadeh: Reasons to be Optimistic on IPO Outlook

1789 Capital Partner Paul Abrahimzadeh discusses the 2026 IPO pipeline showing reasons for optimism despite broader market volatility. He talks with Romaine Bostick and Katie …

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 …

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