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Latest news from trusted sources around the world

Economy Financial Times
OpenAI makes changes to ‘opportunistic and sloppy’ Pentagon deal

Sam Altman says company is working with defence department on provisions covering mass surveillance

Marcos Says Philippines Has Ample Oil, Seeks Workers’ Safety
Economy Bloomberg
Marcos Says Philippines Has Ample Oil, Seeks Workers’ Safety

Philippine President Ferdinand Marcos Jr. sought to allay concerns about the economic impact of the war in the Middle East, as his government finds ways …

Global Bonds Sink as Middle East War Stokes Inflation Risk
Economy Bloomberg
Global Bonds Sink as Middle East War Stokes Inflation Risk

The US-Israeli war on Iran is rekindling inflation concerns across financial markets, sapping the outlook for global bonds that had just posted their best start …

Economy Financial Times
China’s high-rise hog farms go international

Livestock producers tout benefits of rearing pigs in multistorey buildings

Economy Financial Times
Trump struggles to explain why he launched another Middle Eastern war

Reason for conflict that has already killed hundreds of Iranians and six US soldiers remains unclear

Economy Financial Times
Israel and Hizbollah exchange fire as Middle East war expands

US embassy in Riyadh hit by drones, Saudi government says

Economy Financial Times
Trump drops battle against law firms over punitive executive orders

Administration terminates appeals in four cases involving law firms that sued to block measures from taking effect

Economy Financial Times
Toyota bows to Elliott in $38bn buyout battle

Japanese group raises offer to buy largest subsidiary after campaign by activist investor

Gold Slumps as Dollar, Fed Rate Outlook Offset War Risk Premium
Economy Bloomberg
Gold Slumps as Dollar, Fed Rate Outlook Offset War Risk Premium

Gold slumped more than 6%, weighed down by a stronger dollar, the prospect of less monetary easing and forced selling tied to the rout in …

Defense Stocks Surge as Middle East Attacks Escalate
Economy Bloomberg
Defense Stocks Surge as Middle East Attacks Escalate

Defense stocks surged Monday as military attacks escalated across the Middle East, with operations in the region underscoring that air and naval assets remain central …

Economy Financial Times
Blackstone flagship private credit fund hit with wave of redemptions

Investors pull net $1.7bn out of vehicle over past month as industry strains intensify

Treasuries Rout Shows Iran Conflict Reigniting Inflation Worry
Economy Bloomberg
Treasuries Rout Shows Iran Conflict Reigniting Inflation Worry

Inflation is re-emerging as the crucial worry in the $30 trillion Treasuries market as investors see the risk of a protracted conflict in the Mideast …

ETFs Still Attracting Investors: Vanguard's Sharp
Economy Bloomberg
ETFs Still Attracting Investors: Vanguard's Sharp

David Sharp, director of ETF capital markets at Vanguard, talks with Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." (Source: Bloomberg)

Stocks and Bonds Sink as Oil Surge Rattles Traders: Markets Wrap
Economy Bloomberg
Stocks and Bonds Sink as Oil Surge Rattles Traders: Markets Wrap

Stocks fell and bonds deepened losses as the war in Iran entered its fourth day with no sign of de-escalation, heightening fears of a lengthy …

Ex-Capula Compliance Head Refiles Improper Expense Allegations
Economy Bloomberg
Ex-Capula Compliance Head Refiles Improper Expense Allegations

Capula Investment Management’s former US compliance head refiled a lawsuit accusing the hedge fund firm of wrongfully firing him for raising concerns about improper expenses …

Economy Financial Times
The escalating Mideast conflict — in charts

Since the US and Israel struck Iran, thousands of missiles and drones have been launched across the region

Economy Financial Times
FirstFT: Trump vows to do ‘whatever it takes’ in Iran

Also in today’s newsletter: Modi and Carney discuss trade deal, and Toyota bows to Elliott in $38bn buyout battle

Economy Financial Times
Starmer has his ‘Love Actually’ moment and stands up to Trump

British premier, after carefully nurturing relations with the US president, makes clear they are at odds over the Iran war

Economy Financial Times
‘Half of Dubai is booking’: expats drive to Oman and Saudi Arabia …

Charter operators vie to secure slots in Muscat as airports in UAE and Qatar remain constrained

Economy Financial Times
Hegseth says more US troops on their way to Iran

Oil price surges and stocks fall as conflict intensifies

Economy Financial Times
Elliott amassed £200mn exposure to collapsed mortgage provider MFS

Insolvency of UK property lender is the latest failure to raise questions about credit quality and diligence

Iran War: Critical Middle East Energy Assets Come Under Fire
Economy Bloomberg
Iran War: Critical Middle East Energy Assets Come Under Fire

Iranian attacks criss-crossing the Persian Gulf caused serious disruption to critical infrastructure and energy flows.

Economy Financial Times
Iran war is upending gas markets

The disruption to LNG flows has sparked concerns about supply to the key regional customers of Europe and Asia

Gasoline Prices Surge Amid Iran Attack, a Liability for Trump
Economy Bloomberg
Gasoline Prices Surge Amid Iran Attack, a Liability for Trump

Gasoline and diesel futures surged on the first day of trading after the US and Israel launched attacks on Iran, threating to blot out one …

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