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Latest news from trusted sources around the world

Economy Bloomberg
Chip Rebound Drives Stocks Higher as Oil Eases: Markets Wrap

A strong rebound in chipmakers drove stock markets higher in a broadly supportive session that also saw lower oil prices, a rise in gold and …

Economy Financial Times
Six things we learnt from Andy Burnham’s choices for his top team

New prime minister signals he will depart from Keir Starmer’s approach in some areas while stressing continuity in others

Economy Financial Times
US to hit Canada with 50% tariffs on wide range of goods

Washington accuses neighbour of engaging in unfair practices in move that could reignite trade war

Economy Financial Times
FirstFT: Indian police crack down on ‘Cockroach’ protesters

Also in today’s newsletter: Andy Burnham becomes UK prime minister and US petrol prices climb back above $4

Economy Financial Times
Andy Burnham makes more appointments for his first cabinet

John Healey becomes chancellor while Shabana Mahmood stays at the home office and Ed Miliband moves to the foreign office

Economy Bloomberg
DoubleLine Says Higher Bond Yields to Help Fed Keep Rates Steady

DoubleLine is positioning in shorter-dated government bonds on the view that Kevin Warsh’s credibility with investors will help allow Federal Reserve officials to keep interest …

Economy Bloomberg
Angola Signs $900 Million Port Deals With Chinese Firms

Angola signed deals with Chinese investors to develop the Barra do Dande Integrated Development Free Zone outside Luanda, as the government seeks to establish a …

Economy Bloomberg
Gilts Rattled on Andy Burnham’s First Day as Fiscal Fears Return

UK government bonds dropped after new Prime Minister Andy Burnham unnerved investors on his first day in the job over his approach to the country’s …

Economy Bloomberg
KKR, Vauban Among Final Contenders to Buy Portugal’s DStelecom

KKR & Co. and Vauban Infrastructure Partners are competing to acquire a majority stake in Portuguese fiber operator DStelecom, according to people familiar with the …

Economy Financial Times
Lockheed seeks European production for cheaper Patriot missile

US defence group seeking approval from Washington to build out supply chain in region

Economy Bloomberg
Netflix Taps US High-Grade Bond Market With $1 Billion Debt Sale

Netflix Inc. raised $1 billion from a US high-grade bond sale on Monday, its first since a debut deal two years ago, as slowing sales …

Economy Financial Times
The Middle East needs its own Helsinki Act

Trust is not a prerequisite for peacemaking — and Iran and its neighbours should follow the example of cold war détente

Economy Financial Times
Andy Burnham’s first speech as PM: what he said and what he …

Downing Street address offers succinct outline of new leader’s politics — and the problems he will face

Economy Financial Times
Yemen’s Houthi rebels threaten blockade against Saudi Arabia

Renewed fighting puts kingdom’s crude exports through Red Sea at risk

Economy Financial Times
Oil touches $90 after Iran hits tankers

Crude later falls back after Tehran says it has received proposals from mediators about the war

Economy Bloomberg
S&P Slips as Apple, Tesla Keep Broader Chipmaker Gains in Check

The S&P 500 Index erased early gains to finish lower as a decline in Apple Inc. and Tesla Inc. offset advances elsewhere. Chipmakers rebounded ahead …

Economy Financial Times
Why Mullin is struggling to keep ICE out of the headlines

Two killings by federal agents in the space of a week have drawn attention to the downsides of a DHS hiring spree

Economy Bloomberg
Goldman Sells $2.5 Billion Preferreds Following Spread Low

Goldman Sachs Group Inc. priced new preferred shares Monday, just days after a metric determining risk and value in these securities hit its lowest level …

Economy Bloomberg
Alkegen Plans Prepackaged Bankruptcy in Deal for Fresh Cash

Alkegen has signed a restructuring deal with lenders that will inject the specialty materials maker with new money and slash its debt load by about …

Economy Bloomberg
SBI Funds Pays Razor-Thin Banker Fees on Top India IPO of 2026

The nine investment banks that manage SBI Funds Management Ltd.‘s initial public offering, India‘s first billion-dollar debut this year, will receive one of the worst …

Economy Financial Times
Bad cabinet appointments will steal Burnham’s precious hours

Incoming leader would do well to take Rishi Sunak’s advice on maximising your time as prime minister

Economy Bloomberg
Citi Says Magnificent Seven Tag Is Obsolete in AI Stock Winners

The popular Magnificent Seven stocks moniker is “no longer relevant” in assessing how to play the US artificial intelligence trade, according to Citigroup Inc. strategists.

Economy Financial Times
Segro rejects £13.5bn bid by US rival Prologis in latest takeover twist

London-listed group declines third offer in escalating battle

Economy Financial Times
India’s ‘Cockroach’ protests mount on streets of Delhi

Anger over education system threatens to turn into wider challenge to Narendra Modi’s government

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