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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
World Bank drops climate finance target under US pressure

Donor and client nations lobbied against concession to Trump administration’s ‘voodoo science’

Economy Financial Times
Local government is a mess. Here is what Andy Burnham must decide

Prospective PM’s challenge will be getting his devolution proposals functioning by the next election

Economy Financial Times
EU to increase steel tariffs on trading partners

Decision to slash duty-free quotas and double rate to 50% follows similar moves by the UK, US and Canada

Economy Financial Times
Amazon is now the biggest foreign investor in India’s AI sector

Also in this newsletter, weaponised drones made in India

Economy Financial Times
‘Tooth fairy’ payout nears £5 as UK childhood finances overtake inflation

Annual survey also shows the average child gets £10 per week in pocket money

Economy Financial Times
UK regulator waters down landmark crypto rules

FCA eases capital and disclosure requirements after complaints that incoming digital assets regime was too onerous

Economy Financial Times
Investigation into maternity care in England finds ‘overall system failure’

Government accepts proposal to appoint a national maternity and neonatal commissioner

Economy Financial Times
Chinese exile Miles Guo given 30 years in prison for $550mn fraud

Businessman had fled to the US claiming persecution and then allied himself with the Maga movement

Economy Financial Times
Ethiopia makes deal to cut payments on $1bn bond

Bondholder agreement comes after $8bn of debt relief from official creditors in recent years

Economy Financial Times
Foreign investors fear Japan is backsliding on reform

Pendulum ‘swinging back towards economic nationalism’, warns one private equity executive

Economy Financial Times
Maersk raises profit guidance as new US tariffs fuel demand

American companies rush to stockpile goods ahead of fresh round of levies

Economy Financial Times
Burnham has become more unpopular since Starmer’s resignation

Britain’s prime minister-in-waiting says the country is in a ‘rut’ and needs a shift of power away from Westminster

Economy Financial Times
‘The risk of a deleveraging event is rising’

Morgan Stanley’s analysts are worried about quarter-end money tightness

Economy Financial Times
US says it has agreed deal with Iran to halt strikes and …

White House announces Steve Witkoff and Jared Kushner will fly to Doha for ‘high-level meetings’ but Tehran disputes that further negotiations have been confirmed

Economy Financial Times
Burnham vows to ‘rewire’ British state

UK’s prime minister-in-waiting takes aim at centralisation and promises voters help on living costs

Economy Financial Times
English cricket thrown into uncertainty by Ben Stokes’ chaotic exit

Abrupt retirement of brilliantly aggressive captain comes after tensions with sport’s hierarchy

Economy Financial Times
Supreme Court blocks Trump from sacking Fed governor Lisa Cook

Justices say the president can fire top regulator in a separate decision

Economy Financial Times
FirstFT: AI fuels record number of power sector deals

Also in today’s newsletter: Venezuela’s government faces backlash over earthquake response; and how top executives stay fit

Economy Financial Times
Britain’s case for meaningful devolution is overwhelming

Andy Burnham is right to argue for a shift in power but he has to manage political risk

Economy Financial Times
Samsung and SK Hynix plan $600bn chipmaking expansion

Companies to invest alongside South Korean government in factories to meet surging demand for memory chips

Economy Financial Times
China says it can withstand trade freeze ahead of EU talks

State media increases pressure in advance of high-stakes negotiations with Brussels

Economy Financial Times
UK’s Bridgepoint buys real estate unit in $1.4bn bet on US property

Private capital group is looking beyond its traditional speciality in corporate buyouts

Economy Financial Times
China targets more Japanese companies with export controls

Further restrictions on sales of ‘dual-use’ items with both civilian and military purposes

Economy Financial Times
Japan IPOs fall to 15-year low with no rapid rebound in sight

Tokyo’s surging stocks fail to jump-start lacklustre listings market in first half of this year

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