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Latest news from trusted sources around the world

Kenyan Appeals Court Unblocks Safaricom Stake Sale to Vodacom
Economy Bloomberg
Kenyan Appeals Court Unblocks Safaricom Stake Sale to Vodacom

Kenya’s appellate court overturned a ruling that halted the National Treasury’s plan to sell a 15% stake in Safaricom Plc, East Africa’s biggest mobile-network operator, …

Some Fortescue Iron Ore Cargoes Held Up As CMRG Talks Stall
Economy Bloomberg
Some Fortescue Iron Ore Cargoes Held Up As CMRG Talks Stall

Some Fortescue Ltd. iron ore cargoes due in China next month are being held up because negotiations between the Australian miner and the country’s state-backed …

AI Cost Reality Check Hits Asia Tech Stocks as Apple Hikes Price
Economy Bloomberg
AI Cost Reality Check Hits Asia Tech Stocks as Apple Hikes Price

Asian technology stocks slumped after Apple Inc. and Microsoft Corp. raised prices for their products, stoking concern that rising component costs will curb demand for …

China’s Collapsing Crude Oil Imports to Fall Further in June
Economy Bloomberg
China’s Collapsing Crude Oil Imports to Fall Further in June

The world’s top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the …

Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return
Economy Bloomberg
Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return

Aluminum headed for a fourth weekly decline, the longest losing streak since April 2025, as a renewed selloff in Asian tech stocks added to pressure …

Philippines, UAE and Indonesia to Start CPTPP Accession Talks
Economy Bloomberg
Philippines, UAE and Indonesia to Start CPTPP Accession Talks

The Philippines, United Arab Emirates and Indonesia will start talks about joining a regional trade bloc, the next step for the three in efforts to …

Korean Stocks Tumble 9% on Chip Selloff, Triggers Trading Halt
Economy Bloomberg
Korean Stocks Tumble 9% on Chip Selloff, Triggers Trading Halt

South Korean stocks were hit by a second trading suspension this week as chipmakers plunged, highlighting the market’s sensitivity to swings in global artificial-intelligence sentiment.

Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls
Economy Bloomberg
Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls

Only a year ago, Wall Street banks couldn’t come up with enough reasons to sell the dollar. Whether it was de-dollarization, “hedge America” or the …

Oil Resumes Drop as Ships Keep Crossing Hormuz Despite Attack
Economy Bloomberg
Oil Resumes Drop as Ships Keep Crossing Hormuz Despite Attack

Oil headed for the biggest weekly drop in a month after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship …

Stocks Waver at End of Bruising Week for AI Trade: Markets Wrap
Economy Bloomberg
Stocks Waver at End of Bruising Week for AI Trade: Markets Wrap

US stocks edged higher as dip buyers stepped in after a tumultuous week for chipmakers. Oil prices tumbled with more ships crossing through the Strait …

HB Fuller CEO: Moving Portfolio Toward Faster Growth
Economy Bloomberg
HB Fuller CEO: Moving Portfolio Toward Faster Growth

HB Fuller CEO Celeste Mastin discusses the business of adhesives as they agree to acquire UK-listed AMS. She speaks with Romaine Bostick and Katie Greifeld …

KBW’s McGratty: ‘Bench Is Very Deep’ for JPM Succession
Economy Bloomberg
KBW’s McGratty: ‘Bench Is Very Deep’ for JPM Succession

KBW US Bank Research Head Chris McGratty discusses Marianne Lake leaving JPMorgan and what to expect with succession at the company. (Source: Bloomberg)

OpenAI Leans Toward Waiting Until 2027 for IPO, NYT Says
Economy Bloomberg
OpenAI Leans Toward Waiting Until 2027 for IPO, NYT Says

OpenAI is leaning toward holding off on an initial public offering until 2027, the New York Times reported, citing three people involved in the company’s …

Fire Breaks Out at Delta Air Lines Refinery in Pennsylvania
Economy Bloomberg
Fire Breaks Out at Delta Air Lines Refinery in Pennsylvania

A fire broke out at Delta Air Lines Inc.’s refinery in Trainer, Pennsylvania, on Thursday.

Airfares Are Staying High Even as the Jet Fuel Crisis Fades
Economy Bloomberg
Airfares Are Staying High Even as the Jet Fuel Crisis Fades

A historic jet fuel crisis is now fading as prices fall globally, but US passengers are yet to see the benefit with airfares still elevated.

Trump Requests $11.1 Billion in New Aid for Struggling Farmers
Economy Bloomberg
Trump Requests $11.1 Billion in New Aid for Struggling Farmers

President Donald Trump had a surprise for the farmers he invited for dinner at the White House later Thursday: a request to Congress for $11.1 …

How the 1994 World Cup Changed the Business of Football Forever
Economy Bloomberg
How the 1994 World Cup Changed the Business of Football Forever

The World Cup had been an enormously popular event with surprisingly limited commercial significance; the 1990 tournament in Italy, for instance, lost money for broadcasters. …

Naval Group Reports Ship Struck in Hormuz as Vessels Turn Back
Economy Bloomberg
Naval Group Reports Ship Struck in Hormuz as Vessels Turn Back

A UK naval group said it received a report that a vessel was hit by an unknown projectile in the Strait of Hormuz, hours after …

Switzerland’s Capital Plan for UBS Wins Wholehearted IMF Backing
Economy Bloomberg
Switzerland’s Capital Plan for UBS Wins Wholehearted IMF Backing

The Swiss government’s plan to make UBS Group AG hold significantly more capital was praised wholeheartedly by the International Monetary Fund.

SK Hynix ADR Plans Leave Arb Traders Waiting on One Key Answer
Economy Bloomberg
SK Hynix ADR Plans Leave Arb Traders Waiting on One Key Answer

SK Hynix Inc.’s planned $29 billion US listing has arbitrage investors dissecting securities filings and peppering brokers with questions about a single unresolved issue: whether …

US Tech Stocks Set to Rally as Micron Outlook Fuels AI Optimism
Economy Bloomberg
US Tech Stocks Set to Rally as Micron Outlook Fuels AI Optimism

US stock futures jumped as Micron Technology Inc.’s solid forecast reinforced confidence about demand for artificial intelligence-related chips.

Iraq Warns It Might Quit OPEC If It Doesn’t Get Quota Hike
Economy Bloomberg
Iraq Warns It Might Quit OPEC If It Doesn’t Get Quota Hike

Iraq warned it may ultimately considering leaving OPEC unless the group accommodates it with a higher oil production quota, just a few months after the …

Hungary Yields Approach UK Gilts as Pro-EU Turn Fuels Rally
Economy Bloomberg
Hungary Yields Approach UK Gilts as Pro-EU Turn Fuels Rally

Hungary’s bonds have rallied so much that yields are approaching those in the UK, the latest sign that investors are backing the new government’s plans …

Japan’s 20-Year Bond Sale Sees Weakest Demand in Over a Year
Economy Bloomberg
Japan’s 20-Year Bond Sale Sees Weakest Demand in Over a Year

Japan’s 20-year government bond auction drew the weakest demand since May 2025 as concerns about inflation and fiscal policy dented investor appetite.

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