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Latest news from trusted sources around the world

Economy Bloomberg
US, China in 'Stability Mode': Kevin Rudd

Former Australian Prime Minister and Asia Society Global President & CEO says the US and China are in a "stability mode" where they have different …

Economy Financial Times
US arrests Saudi employee of OpenAI for allegedly bugging its offices

AI lab discovered a recording device concealed behind a television in a conference room

Economy Financial Times
Russia arrests Japanese journalist on espionage charges

Detention of Hokkaido Shimbun reporter follows series of arrests denounced as politically motivated

Economy Bloomberg
BHP Escondida Wage Deal Is ‘Virtually Done,’ Union Leader Says

A deal to avert a strike at BHP Group’s Escondida copper mine in Chile is “virtually done,” according to a union leader, signaling a breakthrough …

Economy Bloomberg
Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets

Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be …

Economy Financial Times
Tougher competition for internships strains UK graduate jobs market

Applications for summer internships rise 27% as students face ‘day zero’ fight to get ahead in increasingly automated recruitment process

Economy Financial Times
Home of London’s oldest restaurant, Rules, given to National Trust

Building in Covent Garden bequeathed to heritage charity to ensure 228-year institution remains ‘part of the city’s cultural life’

Economy Bloomberg
Stocks Fall on Inflation Woes as Chip Rout Deepens: Markets Wrap

Stocks joined bonds lower as the fastest increase in inflation since April bolstered bets the Federal Reserve will keep lifting interest rates amid elevated energy …

Economy Bloomberg
Latest Oil Market News and Analysis for Oct. 14

Oil swung, with benchmarks diverging for another session, as hostilities intensified from Russia to the Middle East while a breathless rally in freight ran into …

Economy Bloomberg
Fed's Collins Says Rates Will Likely Need to Rise More

Federal Reserve Bank of Boston President Susan Collins says interest rates will likely need to rise more before the end of the year to help …

Economy Bloomberg
Rio Tinto Maintains Copper Production While Iron Ore Sales Rise

Rio Tinto Group’s copper production remained steady in the third quarter as a strong performance at its Oyu Tolgoi mine in Mongolia offset declines elsewhere, …

Economy Bloomberg
Big Take: How India’s Options Market Imploded

Millions chased fast profits through complex trades. It ended with billions lost. How India’s options market unraveled and where retail traders go from here. (Source: …

Economy Financial Times
Trump revives effort to halt construction of Ørsted’s offshore wind farm

Move comes after US president said he would drop opposition to renewable energy projects to win support for permitting bill

Economy Bloomberg
Skydance Bonds Extend Losses Amid Warner Bros. Buyout Angst

Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of …

Economy Financial Times
One company’s plan to save its factories from Japan’s population crisis

Apple supplier TDK built a dormitory town to house hundreds of workers in remote region

Economy Financial Times
Chip stocks slide after Broadcom boss warns of ‘casino’ mentality in AI …

Declines for Samsung and SK Hynix drag Korea’s Kospi sharply lower as investors fret over the scale of AI investment

Economy Financial Times
Bank of America fined $1.2bn over money laundering failures

US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border

Economy Financial Times
Modi cannot silence India’s disaffected youth

The BJP must address young people’s political and economic frustrations

Economy Bloomberg
Major US Power Grids Strain Under Heat During Peak Repair Season

Power supplies are tightening on grids that serve roughly one-third of the US population, as a short-lived blast of heat in the Midwest and Mid-Atlantic …

Economy Bloomberg
Tesla, Xpeng Showcase Autonomous Cars in Paris

Tesla and Xpeng are competing beyond EVs and into AI, as Bloomberg's Caroline Connan explores the Cybercab and takes Xpeng's autonomous tech for a spin …

Economy Financial Times
White House asks US envoy to Greece Kimberly Guilfoyle to resign

Donald Trump had said he was considering firing the ambassador after reports claiming she accepted improper gifts

Economy Bloomberg
Breaking Down Big Bank Earnings

Four of Wall Street's biggest banks reported earnings on Tuesday morning. JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. set a fresh …

Economy Bloomberg
India-US Trade Talks Heading in Right Direction, Jaishankar Says

Indian Foreign Minister Subrahmanyam Jaishankar said trade negotiations with the US were close to a conclusion, though final details remained to be resolved.

Economy Bloomberg
We're Back to Normal Rates, Says Ed Yardeni

Yields in the US and other advanced economies have climbed to multidecade highs, tightening financial conditions, amid higher inflation triggered by the US-Iran war and …

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