British Steel halts plan to axe 2,700 jobsNews Feed
Previous management team had begun consultation on roles after Chinese owner turned down taxpayer funds
New York pension funds to put asset managers on notice over climate plansNews Feed
Comptroller to demand credible transition plans aligned with city’s goal to reach net zero by 2040
Jay Powell is defiant in the face of Trump’s threatsNews Feed
The Fed chair is determined to see out his term, and lawyers at the central bank think he has good grounds to do so
Hedge fund Elliott turns up heat on BP with demand for deep spending cutsNews Feed
US activist discloses 5% stake and warns pivot back to oil and gas does not go far enough
Europe’s opportunity amid Trump’s chaosNews Feed
The EU must move swiftly on growth reforms to capitalise on investors’ rising interest
IMF cuts UK growth outlook for 2025 and predicts further BoE rate reductionsNews Feed
Inflation surge expected to be temporary, allowing scope for three more rate cuts this year
Trump’s attacks on Fed chair Powell worry investorsNews Feed
Also in today’s newsletter, the president’s trade war hits New York City’s Chinatown
IMF warns of rising US recession risk and defends Fed rate policyNews Feed
Fund lowers outlook for G7 nations and major economies including China and India as trade conflict hits growth
JD Vance hails ‘very good progress’ on US trade deal with IndiaNews Feed
Vice-president lavishes praise on Indian Prime Minister Narendra Modi in speech in Jaipur
Dollar rout forces UK currency risk specialist to suspend sharesNews Feed
UK-listed Argentex warns that falling greenback has resulted in margin calls hitting its liquidity