- D.C.
- BXL
- Lagos
- Riyadh
- Beijing
- SG
Intelligence for the New World Economy
- D.C.
- BXL
- Lagos
- Riyadh
- Beijing
- SG
Politics
Trade tensions hover over G20 meeting
US Trade Representative Jamieson Greer is welcoming his G20 counterparts to Milwaukee for two jam-packed days.
White House manages expectations for Iran breakthrough
Some US officials have long conceded that there’s no clear — or clean — way out of the conflict.
White House manages expectations for Iran breakthrough
Some US officials have long conceded that there’s no clear — or clean — way out of the conflict.
View / Solomon leaves Waldron with a clean slate
Dugongs won’t move the needle for US businesses in China
The World at a Glance
Updated 7:01am EDT
1
France said it would issue a record amount of bonds, stoking concerns about government debt ahead of next year’s divisive elections.
2US bond yields hovered near quarter-century peaks due to concerns over high inflation, persistent fiscal largesse, and geopolitical uncertainty.
3OpenAI hopes to raise $30 billion in a new funding round, after delaying its blockbuster IPO in the face of souring investor appetite.
4Danish pharmaceutical giant Novo licensed a new Chinese weight-loss drug, highlighting Beijing’s rapid advancement in biotech.
5European countries tightened migration rules in a bid to quell support for nationalist parties both domestically and in the European Parliament.
6The UK’s prime minister raised the specter of rejoining the EU, as the country grapples with the lasting impacts of Brexit.
France plans record bond sale as debt fears grow
The spread between French government bonds and their German equivalents widened after the news, reflecting what investors see as a rising risk premium.
OpenAI hopes to raise $30B in new funding round
The financing push, reported by Bloomberg, comes after the frontier AI lab said it would delay its stock market debut.
Pharma giant Novo licenses Chinese weight-loss drug
Novo’s agreement with Hengrui Pharma, which struck an even bigger deal with GSK last year, highlights the rapid advances in China’s cutting-edge biotech sector.
As US troops leave Iraq, withdrawal carries risks
Iraq’s government is facing pressure from the Trump administration to disarm militia groups.
Hispanic Democrats tap creators for voter outreach
Latino creators will receive briefings from BOLD PAC on issues important to Latino voters with the option of rebroadcasting the messaging to their audiences.
Democrats flex filibuster muscle ahead of election
Senate Democrats increasingly oppose a data center-focused bill and are poised to block an insider trading bill with added voter ID requirements.
White House taps Strategic Petroleum Reserve
The US will offer to loan energy producers up to 40 million barrels of oil.
AD
Politics
UK PM Andy Burnham floats possibility of rejoining EU
Brexit remains politically divisive in the UK, despite growing numbers of voters voicing frustration over the lasting impacts of leaving the EU.
Phil Noble/Reuters
Europe hardens on migration as nationalist support grows
Anti-immigration parties have been on the rise in both domestic politics and the European Parliament.
Fabrizio Bensch/Reuters
Supreme Court faces sour American public, poll finds
Thirty-four percent of US adults say they approve of the job the high court is doing, according to new Gallup polling.
Nathan Howard/Reuters
Hispanic Democrats tap creators for voter outreach
Latino creators will receive briefings from BOLD PAC on issues important to Latino voters with the option of rebroadcasting the messaging to their audiences.
Trade tensions hover over G20 meeting
US Trade Representative Jamieson Greer is welcoming his G20 counterparts to Milwaukee for two jam-packed days.
As US troops leave Iraq, withdrawal carries risks
Iraq’s government is facing pressure from the Trump administration to disarm militia groups.
White House manages expectations for Iran breakthrough
Some US officials have long conceded that there’s no clear — or clean — way out of the conflict.
Democrats flex filibuster muscle ahead of election
Senate Democrats increasingly oppose a data center-focused bill and are poised to block an insider trading bill with added voter ID requirements.
Decline in tourism hits US economy
Overseas visitors to the US are on track to drop by almost two million year-on-year.
Washington eyes sanctions trade-offs with Russia: Report
The US could offer Russia sanctions relief in exchange for the release of political prisoners, The Atlantic reported.
White House taps Strategic Petroleum Reserve
The US will offer to loan energy producers up to 40 million barrels of oil.
Business
France plans record bond sale as debt fears grow
The spread between French government bonds and their German equivalents widened after the news, reflecting what investors see as a rising risk premium.
Abdul Saboor/Reuters
US Treasury yields near 25-year highs
The yield on 30-year Treasurys briefly hit its highest level since 2002.
Decline in tourism hits US economy
Overseas visitors to the US are on track to drop by almost two million year-on-year.
US consumer sentiment hits lowest level in more than a decade
US consumer sentiment fell to its lowest level since 2014, new data showed, as unexpectedly weak jobs figures and elevated energy prices rekindled Republicans’ midterm fears.
Anthropic’s IPO prospectus details steep losses, existential risks
The existence of Anthropic’s 401(k) benefits assumes a world where we’re all still here.
Technology
OpenAI unveils its Muse competitor: Dots
The consumer-facing agent tool integrates with Slack and Microsoft Teams and will eventually be available via texting.
OpenAI
Around 11 million US workers may face AI displacement
Voters globally have soured on AI because of existential risks the technology poses as well as concerns such as job losses and energy use.
Robert Galbraith/Reuters
AI leaders talk latest models, tech risks at Trump lunch
AI regulation will top the agenda when leaders from the two firms lunch with US President Donald Trump alongside the bosses of Meta and Nvidia.
Trump plans for AI czar languish ahead of CEO meeting
it’s not clear that naming a czar and putting together a task force are on the White House AI priority list right now.
SpaceX’s Starship enters orbit, deploys satellites in landmark launch
Starship is slated to replace SpaceX’s reusable workhorse, the Falcon 9, which has allowed the Elon Musk-owned company to achieve a lucrative near-monopoly on satellite launches.
Nvidia adds $150 billion to its historic stock buyback
The record buyback is CEO Jensen Huang’s bet that he can fund huge swaths of the AI buildout while still rewarding his own shareholders.
Energy
White House taps Strategic Petroleum Reserve
The US will offer to loan energy producers up to 40 million barrels of oil.
Adrees Latif/Reuters
Africa and Asia expected to drive a boom in refining capacity
The outlook found Africa and the Asia-Pacific region would account for 95% of total refining growth.
Siphiwe Sibeko/Reuters
Bond selloff deepens on oil fears
The US 10-year Treasury yield returned to highs not seen since 2007, as faltering US-Iran diplomacy rekindled fears of higher-for-longer oil prices.
Brendan McDermid/Reuters
Gulf
As US troops leave Iraq, withdrawal carries risks
Iraq’s government is facing pressure from the Trump administration to disarm militia groups.
Ahmed Saad/Reuters
Manchester City’s guilty verdict mars UAE soft power
Fans of rival soccer clubs have framed the verdict as proof Manchester City — and by extension the UAE — bought its way to the top.
MGX looks for data center assets in the Asia Pacific
The fund is an investor in the BlackRock-backed AI Infrastructure Partnership.
Saudi Aramco considers a gas spinoff
The plans are a sign of the pressure the company faces to raise cash for the government and draw foreign investment into the kingdom.
More IPOs won’t be enough to fix the Saudi market
Mazen Al-Sudairi is targeting liquidity and governance, but restoring trust in IPOs will be the harder test.
China
Brussels trains ‘trade bazooka’ at Beijing
Beijing and Berlin “exchanged opinions” on trade relations Tuesday, The South China Morning Post reported.
Yves Herman/Reuters
Dugongs won’t move the needle for US businesses in China
The US-China trade deal is good for politics, not-so-good for business.
Maxim Shemetov/Reuters
Shein underwhelms in first post-IPO earnings
Geopolitical and economic headwinds have dented the Chinese fast-fashion giant’s already-battered business model.
Johanna Geron/Reuters
Africa
Airtel Money bets on payment growth as $800M London IPO takes shape
The company’s offering is expected to be the London Stock Exchange’s largest in years.
Amr Abdallah Dalsh/Reuters
African innovators are reinventing their regulators
Many of the problems African startups come across and are trying to solve are institutional.
Njeri Mwangi/Reuters
Pretoria needs US reset, says minister
DA’s Dean Macpherson’s conciliatory tone exposes a rift with ANC coalition partner over how to handle Washington.
Half of sub-Saharan Africa relies more on generators than grid
The analysis demonstrates how countries with less reliable energy infrastructure are particularly vulnerable to the effects of the Iran war.
South African miner’s $27B bet branded ‘opportunistic’
The deal between Gold Fields and Northern Star would have created the world’s second-largest gold producer.
East Africa’s refinery rivals take on Dangote
Aliko Dangote’s planned refinery on Kenya’s Lamu Island will likely have to rely on seaborne imports for crude supplies.
Security
Washington eyes sanctions trade-offs with Russia: Report
The US could offer Russia sanctions relief in exchange for the release of political prisoners, The Atlantic reported.
Sputnik/Mikhail Metzel/Pool via Reuters
Irish factory could face EU sanctions over ties to Russia
An Irish factory supplying alumina to Russia could face EU penalties in the bloc’s upcoming sanctions package.
Alexander Manzyuk/Reuters
UK foils suspected attack on air base used to strike Iran
British authorities held five men suspected of plotting an attack on a UK airfield, with investigators reportedly believing a motive tied to Tehran to be most likely.
Toby Shepheard/Reuters
Media
Euractiv relaunches as ‘Rapporteur’ in Brussels
The newsroom, founded in 1999, has rebooted in recent years as a competitor to Politico Europe.
Rapporteur
Beverage brand Liquid Death will make others’ ads
Liquid Death is one of the purest marketing stories of the moment: a billion-dollar company that sells the ultimate commodity through edgy comedy.
Trump battles press as Xi heads to town
A judge is expected to hear arguments in a lawsuit brought by the three news outlets the president banned from the White House last week.
Inside the US Treasury secretary’s tense relationship with financial media
Scott Bessent’s blacklist starts with Bloomberg.
Fertile ground
Flagship’s lead writer Tom Chivers says goodbye after four years.
CEO Signal
How Harvard Business School’s former dean thinks AI will test today’s CEOs
Nitin Nohria sees the technology as a decentralizing force that will challenge company power structures.
How splitting from GSK taught Haleon a spin-off is not a finish line
Brian McNamara took his consumer health group through an independent listing, only to find that it needed fresh energy and new leaders.
Why Kai-Fu Lee thinks companies need an AI boss
Google’s former China chief says CEOs face a Darwinian choice if they want more than “AI theater.”
AD