World News Feed
Latest news from trusted sources around the world
Apple tops $5tn valuation for first time
Tech giant gains due to its lack of huge spending on AI and as investors seek havens from sell-off in chip sector
Chip stocks tumble as AI sell-off deepens
Nasdaq 100 briefly falls into correction territory ahead of Big Tech earnings
Burnham wants partnership with private sector, says UK business secretary
Jonathan Reynolds tells FT that Starmer government dropped focus on economic growth because of ‘so many priorities’
Wachtell co-chair who grilled Musk departs for rival Gibson Dunn
Bill Savitt leaves the corporate law powerhouse alongside five other partners
Polish opposition rift hands Donald Tusk pre-election boost
Ex-PM Mateusz Morawiecki prepares breakaway party after dozens of lawmakers expelled from rightwing PiS
Keiko Fujimori sworn in as Peru’s ninth president in 10 years
Conservative daughter of former dictator becomes latest rightwing leader in Latin America
Powerful earthquake hits Japan’s southern Kumamoto prefecture
Reports of multiple deaths from tremor after blast at shopping centre and damage to factories, buildings and infrastructure
Fire-ravaged France evacuates tourists and braces for new heatwave
Firefighters make progress on blazes that have displaced hundreds of thousands of people
You’ll Know When to Worry About the Strategic Petroleum Reserve
How low can it go?
US Insurers Rally as Stocks Shift from AI Loser to Safe Haven
US insurance-related stocks rallied Tuesday, pushing an industry gauge to a record, as artificial intelligence concerns drove traders toward defensive parts of the market.
Wildfires are entering tipping-point territory
Scientists need to update their models to understand how these extreme events start and spread
S&P Global’s Shares Drop as Company Misses Profit Estimates
S&P Global Inc. posted quarterly results that fell short of analysts’ average estimate, hurt by factors including the US-Iran War making it harder to boost …
Turkish politician hit by rent-a-crowd scandal
Kemal Kılıçdaroğlu, court-appointed head of Turkey’s oldest party, denounced corruption during party event
Lessons from companies learning to beat the heat
Schneider Electric and Heineken are among large groups rolling out measures to protect workers as extreme weather intensifies
Nasdaq 100 Nears a Correction as Chips Selloff Turns Ominous
The Nasdaq 100 Index is trading near a correction Tuesday as the selloff in semiconductor stocks turns ugly with investors questioning the amount of money …
First Brands Bankruptcy: Lawsuits Around Alleged Fraud Seek to Recoup Billions
The pitch to creditors of bankrupt First Brands goes like this: Stick with us just a while longer, and you’ll get a full recovery as …
Sorry, but Spanish olive oil is far superior to Italian
One grower makes a case
FirstFT: Tech stocks spiral lower
Also in today’s newsletter: AI’s rising risk gauge and the storms intensifying wildfires
Elevate Campuses Said to Launch $267 Million India IPO in August
Hillhouse Investment Management Ltd.-backed Elevate Campuses Ltd. is preparing to launch its 25.55-billion rupee ($267 million) initial public offering as early as August, according to …
Singapore warns of economic risks if global AI boom falters
Central bank in city-state says AI models and quantum computing pose cyber security threats
Singapore’s MAS Flags AI Pullback as Threat to Global Markets
Singapore’s central bank warned that uncertainty over sustaining massive AI investments is a key risk for global growth and financial markets, citing this along with …
Treasuries Set for Third Day of Gains as Oil Drops on Iran …
Treasuries head for their best win streak in a month, buoyed by a sharp retreat in oil prices on optimism that talks between the US …
GAM’s Markham Says Chip Selloff Not Yet a Buy-the-Dip Moment
The global selloff in chip stocks is not yet a buying opportunity as investor positioning remains crowded, according to GAM’s Paul Markham.
Education is not to blame for England’s Neet crisis
Andy Burnham’s schools overhaul risks throwing babies out with the bathwater, as changes will probably require cuts elsewhere
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