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US markets rally as Treasury secretary says China trade war is ‘unsustainable’

Financial Times -

Further articles:

Bessent Offers a Glimmer of Hope as Trade War Shakes Markets
Bloomberg -

Kremlin claims Ukrainian troops have been pushed out of Kursk

Financial Times -

Russia acknowledges presence of North Korean troops on the ground for the first time

US stocks underperform rest of world by widest margin since 1993

Financial Times -

Investors fear Trump’s tariff blitz will lead to US stagflation while weak dollar adds to woes

Republicans plan to scrap US audit regulator

Financial Times -

Scrapping the Public Company Accounting Oversight Board will boost Donald Trump’s deregulatory agenda

World leaders attend Pope’s funeral mass in Rome

Financial Times -

Donald Trump and Volodymyr Zelenskyy met briefly before the start of the ceremony

China seizes disputed reef in the South China Sea

Financial Times -

Sandy Cay is just kilometres from the Philippines’ military outpost at Thitu Island

Where the west still wins

Financial Times -

Aeroplanes, universities, sports leagues — there are lots of exceptions to the decline of the North Atlantic world

The battle for the Catholic Church’s future will not be over doctrine

Financial Times -

In choosing the next pope, disagreements will be over the Church’s ‘style’ — its way of being, culture and mindset

Simon Schama: Trump’s war on knowledge

Financial Times -

Attacks on Harvard and other universities are not just self-defeating — they are fundamentally un-American

ECB’s Simkus Says Two More Cuts Possible as Trade Hurts Economy

Bloomberg -

The European Central Bank may have to lower interest rates further as US tariffs weigh on economic growth and inflation continues to slow, according to Governing Council member Gediminas Simkus.

Trump Held Court at Pope’s Funeral as Politics, Ritual Collided

Bloomberg -

St. Peter’s Square erupted in applause for Ukraine’s Volodymyr Zelenskiy. Inside the Basilica, he and Donald Trump huddled with France’s Emmanuel Macron and Britain’s Keir Starmer. The occasion was the funeral of Pope Francis — but the optics were …

Ackman Says Time Is Friend of US, Enemy of China in Trade War

Bloomberg -

Billionaire hedge fund manager Bill Ackman said China will need to strike a trade deal with the US quickly as it can’t win a drawn-out trade war that will do severe damage to its economy.

Vladimir Putin offers to halt Ukraine invasion along current front line

Financial Times -

Further articles:

Ukraine-Krieg: Putin soll Trump Stopp der Invasion an Frontlinie angeboten haben
Redations Netzwerk Deutschland -

Israel Holds Rates And Cuts This Year’s Growth Forecast

Bloomberg -

Israel's Central Bank Governor Amir Yaron speaks to Bloomberg's Lisa Abramowicz about the economic uncertainties from the global trade war and the ongoing conflict with Hamas, highlighting the dual pressures on Israel's economy amid rising geopolitical t…

Larry Summers Says Markets Have Judged Trump’s First 100 Days

Bloomberg -

April 30 will mark the 100th day of Donald Trump’s presidency

Russia Takes Full Control of Kursk Region From Ukraine, IFX Says

Bloomberg -

Russia has completed its effort to free the Kursk region from Ukrainian forces, the Interfax news agency reported on Saturday, citing the Kremlin.

Key Moments From Pope Francis' Funeral Mass

Bloomberg -

Pope Francis' funeral took place on Saturday in Vatican City. Heads of state, top delegates and members of royal families attended the service. (Source: Vatican Media)

India Says Its Troops Responded to Pakistan Shots for Second Day

Bloomberg -

India said its troops responded to firing from Pakistan military positions in the Jammu and Kashmir region for a second day on Saturday, as tensions remained escalated between the neighbors after a deadly attack on tourists this week.

Trump, Zelenskiy, Milei, Others Arrive at Pope's Funeral

Bloomberg -

Heads of state and top dignitaries arrived at Pope Francis' funeral in Vatican City, paying respects to the coffin laid in St. Peter's Basilica. (Source: Vatican Media)

S&P Global Affirms Turkey at BB-, Warns of Risks to Growth

Bloomberg -

S&P Global Ratings affirmed Turkey’s long-term foreign currency debt rating at BB-, and kept the outlook stable, while warning of risks to growth.

US, Iran Resume Nuclear Program Talks Amid Signs of Progress

Bloomberg -

The US and Iran held a third round of negotiations aimed at reaching a new agreement on the Islamic Republic’s nuclear program, amid signs of progress in the talks.

Trump, Zelenskiy Meet on the Sidelines of Pope Francis’ Funeral

Bloomberg -

US President Donald Trump and Ukraine’s Volodymyr Zelenskiy met briefly on Saturday just ahead of Pope Francis’ funeral at the Vatican.

How TikTok Options Traders Got Real Quiet (Podcast)

Bloomberg -

Understand every aspect of the global economy – and know how to make your next move.

Lots More on How TikTok Options Traders Got Quiet

Bloomberg -

Benn Eifert on the Greeks.

Trump Arrives in Italy for Pope's Funeral

Bloomberg -

US President Donald Trump and first lady Melania Trump arrived in Rome on Friday evening ahead of Pope Francis' funeral, which takes place at St. Peter's Basilica in Vatican City on Saturday. (Source: US Network Pool via Associated Press)

Trump Jr. Tells East Europe to Choose US Over China for Business

Bloomberg -

Donald Trump Jr. told a business forum in Budapest that Hungary and the region should pick the US over China as its economic partner, according to the Portfolio news website.

Gazprom Refiner Gets Fresh Reprieve on US Sanctions, Vucic Says

Bloomberg -

Naftna Industrija Srbije d.d., a refiner controlled by Russia’s Gazprom PJSC, won another reprieve on US sanctions, which have been postponed until June, President Aleksandar Vucic said on Saturday.

South Africa’s Treasury Faces Credibility Test After Budget Flip-Flops

Bloomberg -

The credibility of South Africa’s National Treasury is under scrutiny after two months in which it’s had to backtrack on its budget proposals twice.

UK Government’s Steel Gambit Risks Being Undone by Trade War

Bloomberg -

The immediate crisis at British Steel has passed, but by taking control of the country’s last maker of virgin steel, the UK government has put itself in the crossfire of a global trade war.

Syria Responds to US Conditions for Sanctions Relief: Reuters

Bloomberg -

Syria has responded to a list of conditions laid out by the US for possible partial sanctions relief, Reuters reported, citing a copy of a letter sent by Damascus to American officials.

Pope Francis’ Funeral Draws Up to 200,000 Mourners to St. Peter’s Square

Bloomberg -

VATICAN CITY (AP) — As many as 200,000 people are expected to attend Pope Francis' funeral in St. Peter’s Square as he is being laid to rest Saturday.

UK Tories Weigh Badenoch’s Fate as She Fails to Hold Back Farage

Bloomberg -

Six months after Kemi Badenoch was elected leader of the UK Conservatives, the conversation in the party is already turning toward removing her.

European Universities Strain for Neutrality Amid Political Chaos

Bloomberg -

Universities on both sides of the Atlantic were under intense pressure to deal with campus conflict over political issues long before the Trump administration started cracking down on higher education.

India Says Pakistani Troops Fired at Troops in Disputed Kashmir

Bloomberg -

SRINAGAR, India (AP) — Pakistani soldiers fired at Indian posts all along the highly militarized frontier in disputed Kashmir for a second consecutive night, the Indian military said Saturday, as tensions continued to escalate between nuclear-armed…

Tesla profits disappoint on lower sales

Financial Times -

Further articles:

Tesla Earnings Report Is ‘Troubling,’ Ross Gerber Says
Bloomberg -

Tesla Investors Are Eager for Musk’s Reengagement
Bloomberg -

Tesla’s revenue and profits tank amid political chaos
The Verge -

Judge Voices ‘Suspicion’ About Two-Year-Old US Citizen Deported

Bloomberg -

A federal judge wants answers from Trump administration officials why they deported a two-year-old US citizen to Honduras with her mother, as the child’s father tried to halt the effort.

Gazans fear Israel is enacting Trump’s ‘Riviera’ plan

Financial Times -

Benjamin Netanyahu has embraced US president’s idea to expel Palestinian population

House GOP Drafts Cuts to Federal Employee Pension System

Bloomberg -

Federal employee pension benefits are set to be pared back in Republicans’ giant tax and spending package working its way through the US House, another slap at a workforce roiled by Elon Musk’s cost-cutting efforts.

China Reiterates Hitting 2025 Growth Target Amid Trade Tension

Bloomberg -

China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this week.

North Korea’s Kim Touts New Destroyer, Aims to Get Nuclear Sub

Bloomberg -

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has unveiled a new naval destroyer, claiming it as a significant advancement toward his goal of expanding the operational range and preemptive strike capabilities of his nuclear-armed milita…

Iranian port explosion injures more than 500 workers

Financial Times -

Authorities suspend all imports and exports through Shahid Rajaee while investigations continue

Saudi Aramco steps up e-fuel investment to prolong combustion engine era

Financial Times -

World’s largest oil company says synthetic fuels have a part to play despite global shift towards electric vehicles

NV5 Attracts Takeover Interest From Rival Acuren

Bloomberg -

NV5 Global Inc., an engineering and inspection-services provider, has drawn takeover interest from rival Acuren Corp. in recent weeks, according to people familiar with the matter.

How Victoria Mars Preserves Her Family Legacy

Bloomberg -

An inside look at how a company’s heritage can shape its future through innovation and preservation. Yale’s Jon Iwata discusses the differences between companies that succeed in the long run over those that don’t…two of the success stories: Mars and Enel…

Summers on Trump: 'Least Successful 100 Days' Since WWII

Bloomberg -

Former Treasury Secretary Lawrence H. Summers summarizes and dissects Trump’s first 100 days based on the judgment of markets. University of Virginia’s Barbara Perry analyzes Trump’s presidency through a historic lens. (Source: Bloomberg)

Singapore Ruling Party Selects Record Number of Women for Poll

Bloomberg -

Singapore’s ruling party recruited a younger, more female slate of candidates ahead of the May 3 election in a bid to connect with a changing electorate, but across the political spectrum, efforts to showcase diversity only go so far.

Trump's 100 Days, New FDA With Old Problems, Stakeholder Capitalism | Wall Street Week

Bloomberg -

This week, former Treasury Secretary Lawrence H. Summers and UVA’s Barbara Perry compare President Trump’s first 100 days in office with his previous term and those of presidents past. Plus, how the FDA violated its own rules in approving marketing for o…

Hegseth Taps DOGE Staffer as Senior Adviser After Staff Exodus

Bloomberg -

Defense Secretary Pete Hegseth, facing criticism of his stewardship at the Pentagon and beset by staff turnover, added a member of Elon Musk’s Department of Government Efficiency to his circle of close advisers.

GOP Lawmakers Ready $15 Billion Plan to Fix Air Traffic Control

Bloomberg -

Republican members of the House Transportation and Infrastructure Committee are preparing a $15 billion package to revamp the country’s aging air-traffic control system, according to people familiar with the matter.

Ken Griffin Criticizes Trump Tariffs: ‘These Jobs Are Not Coming Back’

Bloomberg -

Citadel founder Ken Griffin extended his criticism of the Trump administration’s trade policy, saying that tariffs won’t bring back American manufacturing jobs the way that the president anticipates and the country should play to its strengths instead.

S&P 500 Notches Longest Winning Run Since Jan. | Bloomberg: The Close 04/25/2025

Bloomberg -

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Tracie McMillion, Wells Fargo Investment, Gerard Barron, The Metals Company, Dan…

Kennedy Center Cancels LGBTQ+ Pride Celebration Planned for June

Bloomberg -

WASHINGTON (AP) — Organizers and the Kennedy Center have canceled a week’s worth of events celebrating LGBTQ+ rights for this summer’s World Pride festival in Washington, D.C., amid a shift in priorities and the ousting of leadership at one of the …

US Agents Cleared for Warrantless Arrest of Alleged Gang Members

Bloomberg -

Federal law enforcement agents can arrest Venezuelan nationals in the US suspected of belonging to the Tren de Aragua gang without a judicial or administrative warrants, according to a directive from Attorney General Pam Bondi.

Powell Draws Applause on Independence at Closed-Door IMF Meeting

Bloomberg -

Powell Draws Applause on Independence at Closed-Door IMF Meeting Bloomberg.com

US Officials Adopt ‘Organized’ Framework to Handle Trade Talks

Bloomberg -

President Donald Trump’s administration has drafted a framework to handle negotiations with trading partners rushing to secure deals to avert tariff hikes, according to people familiar with the matter.

Compass Sues Seattle-Area MLS in Battle Over Private Listings

Bloomberg -

Compass Inc. ratcheted up its fight to change how homes are sold online, filing a lawsuit against a Seattle-area group the brokerage alleges is engaging in anticompetitive practices.

Johnson & Johnson’s Rare AAA Rating No Longer at Risk, S&P Says

Bloomberg -

Johnson & Johnson, one of the few remaining companies with a top credit rating, is no longer at risk of a downgrade, S&P Global Ratings said Friday.

DeepMind UK staff seek to unionise and challenge defence deals and Israel links

Financial Times -

Move by employees at Google’s AI arm follows discontent after weapons and surveillance pledge is dropped

Airbus closes in on Spirit deal

Financial Times -

European aerospace group has been in talks with supplier since 2024 as part of wider Boeing takeover discussions

GTCR looks to exit heath tech firm as bumper sales spree continues

Financial Times -

Chicago-based private equity group seeks valuation of over $1bn for the business during lull in deal activity

A lawyer in Trump’s inner circle is now in the president’s crosshairs

Financial Times -

Bill Burck avoided the administration’s wrath until he agreed to represent Harvard University in a funding battle

Malaysia-US Trade Talks Started ‘Well Enough,’ Official Says

Bloomberg -

Malaysia’s initial meeting with US officials on tariffs went well but it’s only the first step toward forging a trade agreement, according to a top economic official from the Southeast Asian nation.

Barbarians at the sluice gate: KKR’s Thames Water quest

breaking Financial Times -

US private equity firm is preferred bidder for UK utility trying to avert renationalisation

Tracking Market Impacts of Tariffs

Bloomberg -

Nathan Dean, Senior Policy Analyst at Bloomberg Intelligence presents market impact on Tariffs at the Bloomberg Sell Side Leaders Forum in New York on April 22nd, 2025. (Source: Bloomberg)

BTB Talks Markets & Pricey Ice Cubes | Closing Bell

Bloomberg -

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Q&A: Trump’s first 100 days

Financial Times -

Our experts answer readers’ questions

HTSI editor’s letter: in praise of the tenacious creative

Financial Times -

Grace Wales Bonner’s purpose, William Kentridge’s work ethic, Kirsty Wark’s Glasgow, and Sugen Gopal’s perfect roti

DuckDuckGo: Proposed Google Monopoly Remedies Not Enough

Bloomberg -

Kamyl Bazbaz, SVP of public affairs at DuckDuckGo, explains what changes the privacy-focused search engine would like to see in order to create a more even playing field with rivals like Google. Bazbaz speaks with Caroline Hyde and Ed Ludlow on “Bloomber…