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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
UK business activity rose more than expected in April

Companies rushed to make purchases amid fears that the Iran war would send prices even higher

Economy Financial Times
FirstFT: Workplace AI divide widens

Also in today’s newsletter: US Navy secretary fired, and the tankers racing to exit the Strait of Hormuz

Economy Financial Times
PwC fined $166mn by Hong Kong regulators over Evergrande audit

Big Four firm also faces six-month ban related to its work on failed property developer’s books

Economy Financial Times
Eurozone faces ‘deepening economic woes’ from Middle East conflict, survey suggests

Closely watched Purchasing Managers’ index points to first contraction in 16 months in private sector activity

Economy Financial Times
US to speed up payments for new medical devices

Regulators hand industry a lobbying victory after fierce effort to get faster coverage for their products

Economy Financial Times
Economic pessimism plagues UK youth

From broke to woke? New poll findings have wide implications for political and policy trends

Economy Financial Times
SpaceX and Tesla are on an inevitable collision course

To the extent shareholders just want exposure to Elon Musk, a single security seems like the sensible end state

Economy Financial Times
Nvidia supplier SK Hynix hails ‘structural shift’ after another record quarter

Second-largest memory chipmaker says customers prioritising procurement over pricing amid supply crunch

Economy Financial Times
Modi battles for control of India’s Apple heartland

Tamil Nadu has become a manufacturing powerhouse but has so far spurned the prime minister’s BJP

Economy Financial Times
A central banking star comes home

Economist Shin Hyun-song is renowned abroad but now must tackle slow growth and inflation

Economy Financial Times
US Navy secretary fired amid Iran blockade

John Phelan ousted after clashing with defence secretary Pete Hegseth

Economy Financial Times
Investors nurse losses after ‘short squeeze’ at car rental group Avis Budget

US company’s equities had soared more than 400% in echo of Wall Street’s 2021 ‘meme stock’ craze

Economy Financial Times
Trump envoy seeks to replace Iran with Italy in football World Cup

Request to Fifa is pitched as effort to repair US ties with country even as Iran says it is ready to participate

Economy Financial Times
Tesla shares rally as profits rebound from last year’s lows

Net income rises 17% but is still second-weakest figure in five years

Economy Financial Times
US may extend $500mn in rescue funding to Spirit Airlines

Money would come with equity warrants that could make government majority owner of struggling discount carrier

Economy Financial Times
Ukraine miner Ferrexpo warns it could run out of cash by August

London-listed company’s shares plunge as it considers capital raise of at least $100mn

Economy Financial Times
Starmer challenged in cabinet over Mandelson scandal as ministers step up criticism

Home secretary questions PM’s praise of Olly Robbins days after sacking him and first Labour MP calls on leader to quit

Economy Financial Times
Switzerland hits UBS with proposed $20bn capital increase

Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender

Economy Financial Times
Energy traders dig in for a long Iran war

Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows

Economy Financial Times
Warsh’s data preferences risk costly inflation mistake

Trimmed-mean measures paint a favourable picture — they did the same, wrongly, in 2021 and 2022

Economy Financial Times
FirstFT: Trump extends Iran ceasefire

Also in today’s newsletter: SpaceX strikes deal to acquire code-editing start-up Cursor and a new podcast series on the history of money

Economy Financial Times
France and Germany extend deadline to try to save joint fighter jet

Mediators have until April 28 to overcome power struggle between Airbus and Dassault Aviation

Economy Financial Times
Population collapses of yore

Poring over precedents for China’s prospective population plummet

Economy Financial Times
UK taxes on wages rose more than in any other rich country …

Increase reflects higher employer national insurance contributions and fiscal drag

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