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Latest news from trusted sources around the world

Economy Bloomberg
Tankers Divert to Egypt as Houthi Threat Disrupts Red Sea

Empty supertankers are heading to Egypt’s Mediterranean port of Sidi Kerir to collect Saudi Arabia’s crude, a signal of wariness among some shipowners about sailing …

Economy Financial Times
Mercedes-Benz cuts annual forecast amid China slump

German carmaker joins Volkswagen and BMW in warning on tougher Chinese market

Economy Bloomberg
Tokyo Eyes Lifting Support for Overseas Oil Pipeline Investments

Tokyo is planning to expand its financial support to Japanese companies investing in pipeline projects overseas including the Middle East, as part of efforts to …

Economy Bloomberg
Asian Stocks Slide 10% From June Peak to Head for Correction

Asian stocks slumped, putting the regional benchmark on course for a technical correction, as a selloff in chipmakers deepened.

Economy Financial Times
Johnson & Johnson settles US talcum powder lawsuit with $5.5bn payout

About 76,000 plaintiffs claimed drugmaker’s products caused ovarian cancer

Economy Bloomberg
RBA’s Bullock Says Economy Cooling, Unsure If Rates High Enough

Australia’s central bank chief said there are signs the economy is adjusting as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough …

Economy Financial Times
Amazon wins as India allows foreign money into consumer ecommerce

Also in this newsletter, first legal win for OpenAI

Economy Bloomberg
Chip Rout Deepens on China Competition, Circular Funding Fears

A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China’s progress in advanced chipmaking and mounting concerns over the artificial intelligence …

Economy Financial Times
Trump seeks to revive his bond with blue-collar America

President aims to court voters in industrial heartland as his support flags ahead of November midterms

Economy Bloomberg
Gold Declines as Traders Weigh Prospects for Interest-Rate Hike

Gold declined ahead of a potentially divisive decision on US interest rates later this week, while a fragile pause in Middle East hostilities soothed inflation …

Economy Bloomberg
Stocks Waver as Rotation From Chips Gathers Pace: Markets Wrap

US stocks struggled for direction as a deepening rout in chipmakers was tempered by investors rotating into other corners of the market following a drop …

Economy Bloomberg
Latest Oil Market News and Analysis for July 28

Oil slumped in a volatile session as traders grappled with growing signs of deescalation of the Middle East conflict, with both sides continuing to hold …

Economy Bloomberg
BlackRock Raises $12.5 Billion of Debt for Meta Data Center

BlackRock Inc. wrapped up a $12.5 billion bond sale tied to a Meta Platforms Inc. data center project in Texas after a nearly week-long marketing …

Economy Bloomberg
Curium Is Said to Near About $7 Billion Acquisition of Lantheus

Curium is in advanced talks to acquire radiopharma company Lantheus Holdings Inc. in a deal that could be announced in the coming days, according to …

Economy Bloomberg
CME’s Debut of 24/7 Gold Futures Trading Met With Strong Demand

CME Group Inc. said the debut weekend of 24/7 trading for its one-ounce gold futures saw stronger-than-expected demand with deep liquidity despite subdued volatility.

Economy Financial Times
What next for India’s protesters?

Opponents of ruling BJP’s imposition of ethanol-blended fuel launch campaign inspired by student-led movement

Economy Bloomberg
BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies

Bonds that BlackRock Inc. is selling, tied to a Meta Platforms Inc. data center project in Texas, rallied in early trading on Monday before the …

Economy Financial Times
Big Tech credit risks rise sharply as AI spending soars

Investors are increasingly concerned over rush of borrowing to fund huge investments in data centres

Economy Financial Times
OpenAI hacking incident is ‘warning shot’ on cyber security, Microsoft’s AI chief …

Software giant says ‘no choice’ but to develop AI defences against onslaught of automated attacks

Economy Financial Times
France and Spain brace for more extreme heat as wildfires rage

French President Emmanuel Macron warns ‘weeks ahead will be hard’ on visit to firefighting centre in the Gironde region

Economy Financial Times
CXMT’s roaring IPO isn’t the bubble signal it might appear

The Chinese group and its peers could continue to benefit if cheaper computing power results in more demand for AI

Economy Financial Times
Andy Burnham aims to cut welfare bill by getting young people into …

UK premier draws on experience as Greater Manchester mayor with move to link up schools and employers

Economy Bloomberg
JPMorgan Sees S&P 500 Set to Rally as a Buy Signal Flashes

JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is …

Economy Financial Times
Amazon targets Musk’s Starlink with satellite constellation for mobile services

Tech giant files to launch more than 5,000 satellites to provide global consumer service

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