Macroeconomic indicators, trade, and labour markets.
Global oil and gas prices surged due to shipping attacks in the Middle East and a storm impacting US oil output, driving bond yields up and stock markets down.
Why it matters
Rising energy costs directly impact inflation, consumer spending, and industrial production, while increasing bond yields raise borrowing costs for governments and businesses, potentially slowing economic growth and destabilizing financial markets.
The global economy faces a trifecta of threats: a volatile energy market, escalating public debt levels, and the disruptive potential of the AI boom. IMF chief Kristalina Georgieva urged immediate, decisive action from policymakers, especially in highly indebted advanced nations, to navigate these challenges and safeguard growth.
The entertainment industry is undergoing a significant shake-up as Skydance completes its $111 billion acquisition of Warner Bros and Paramount, forming a new media empire. This consolidation is expected to impact streaming prices, film production, and potentially the editorial independence of news outlets like CNN, while also raising concerns about industry layoffs.
India's robust economic growth contrasts sharply with its struggling equity markets, which have seen significant declines and foreign capital outflows. Key factors contributing to this divergence include persistent energy shocks from Middle East conflicts, rising global interest rates making safer investments more attractive, a weakening rupee, and Indian stocks remaining relatively e…
Fossil fuel companies are arguing that federal law should pre-empt state courts from hearing climate damage lawsuits, such as one brought by Boulder County, Colorado. If the Supreme Court sides with the industry, it could halt dozens of similar cases across the US, potentially ending climate change litigation against them.
Updated as new stories ingest
The Chrysler Building, a distinctive skyscraper in Manhattan's skyline, will undergo a major renovation as part of a $235m sale deal. Developer Tishman Speyer will invest in the project, restoring the building's Art Deco crown and façade.
A Londonderry company has become one of the UK's biggest carpark operators after buying NCP out of administration. The deal means the Martin Group will control more than 100 sites.
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