news

Monday, September 7

World

UK must ‘be honest’ about need to control spending, says chancellorFT · 23m
Germany’s AfD vows to build on ‘dream result’FT · 33m
Chinese Company Draws Fire for Laying Off 100 Grads a Month After Hiring ThemWSJ · 39m
‘Chimerica’ is now a chimera — and global stability is the victimFT · 1h
North Korea Says Toppled Warship That Embarrassed Kim Is DeployedWSJ · 1h
Vox rides high in Spain over Ceuta migrant crisisFT · 1h
Next wins ‘landmark’ judgment in UK retail’s multibillion equal pay battleFT · 1h
A German election result heard around the worldFT · 1h
Yen surges to 6-month high as traders stay alert for signs of interventionFT · 2h
Canada is fated to try to do deals with TrumpFT · 2h
Top Serbian officials attend funeral of war criminal Ratko MladićFT · 2h
China’s Global Strategy Under Xi Jinping — the plan to shift power from the westFT · 3h
Shipping through Panama Canal faces new cuts as water dries upFT · 3h
Saudi Aramco oil facilities hit in new strikesFT · 3h
FirstFT: Germany’s far-right AfD surges to first place in state electionsFT · 3h
‘It sucks’: petrol prices test Trump voters in New JerseyFT · 4h
Republicans fear Trump has turned toxic on the campaign trailFT · 4h
How carrots became the answer to Gatorade’s RFK Jr problemFT · 4h
China pumps $54bn into banks and insurersFT · 4h
UK seeks to end Northern Ireland budget deadlockFT · 4h
Russia-Ukraine peace talks could begin next year, ex-MI6 chief saysFT · 4h
Eurozone Economy Surged as War Ignited Energy PricesWSJ · 4h
There’s a Legal Fight Brewing at OktoberfestWSJ · 4h
China’s Foreign Exchange Reserves Continue to ClimbWSJ · 4h
South-east Asia choked as Indonesian wildfires and volcanic ash spreadFT · 4h
Iran to raise petrol prices as US war triggers shortagesFT · 5h
Port protests prompt questionsFT · 5h
Indonesia shuts airports as volcano eruptsFT · 5h
UK police face questions over anti-migrant protests by masked demonstratorsFT · 6h
After Far-Right Election Breakthrough, Germany’s Merz Faces Painful DilemmaWSJ · 6h
German Industrial Production Contracts on Auto Sector SlowdownWSJ · 7h
Far-right AfD surges to victory in German state electionFT · 7h
Beijing to Inject More Than $50 Billion Into Banks, Insurers to Boost GrowthWSJ · 11h
How Ukrainian Drone Strikes Are Pounding Russia’s EconomyWSJ · 13h
Opinion | The AfD Rises on the German RightWSJ · 15h
Opinion | Democrats Want Fetterman ‘on a Pike’WSJ · 15h
Trump Envoys Visit Ukraine in New Push for Peace TalksWSJ · 18h

Business

‘Go Get Your Kicks’: The Europeans Obsessed With a U.S. HighwayNYT · 9m
Oil Prices Rise After U.S. and Iran Trade StrikesNYT · 38m
Chinese Company Draws Fire for Laying Off 100 Grads a Month After Hiring ThemWSJ · 39m
VW agrees deal to shift plant from cars to air defenceFT · 1h
Volkswagen Factory to Become Defense Plant in Deal With Israel’s AureliusWSJ · 1h
Next wins ‘landmark’ judgment in UK retail’s multibillion equal pay battleFT · 1h
Amazon Cargo Plane Overshoots Runway in Miami, Killing Five PeopleWSJ · 2h
Range Rover Maker to Cut 4,000 Jobs as Trump’s Tariffs BiteWSJ · 2h
Deutsche Bank settles €152mn lawsuit with former executiveFT · 2h
US shale pioneer takes fracking to Australia’s remote gas frontierFT · 2h
Energy & Utilities Roundup: Market TalkWSJ · 2h
Tech, Media & Telecom Roundup: Market TalkWSJ · 2h
Shipping through Panama Canal faces new cuts as water dries upFT · 3h
Saudi Aramco oil facilities hit in new strikesFT · 3h
FirstFT: Germany’s far-right AfD surges to first place in state electionsFT · 3h
‘It sucks’: petrol prices test Trump voters in New JerseyFT · 4h
AI computing demand may never be sated, says CEO of Nvidia partner IrenFT · 4h
How carrots became the answer to Gatorade’s RFK Jr problemFT · 4h
China pumps $54bn into banks and insurersFT · 4h
There’s a Legal Fight Brewing at OktoberfestWSJ · 4h
Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way.WSJ · 4h
Social Media in China Is Getting Really DarkNYT · 4h
Rivian R2 Review: A Tidier (in Size and Price) SUV Is Ready for the SuburbsNYT · 4h
Iran to raise petrol prices as US war triggers shortagesFT · 5h
European Gas Climbs on LNG Supply Concerns Ahead of WinterWSJ · 5h
Indonesia shuts airports as volcano eruptsFT · 5h
Guggenheim unit warned over internal controlsFT · 9h
Modi fails to dull gold’s lustre in IndiaFT · 10h
EssilorLuxottica overhauls management after rift with founder’s sonFT · 10h
Venezuela-US oil deal risks violating local lawFT · 10h
Why America’s debt binge is starting to matterFT · 10h
How Canadian companies are navigating Trump’s tariffsFT · 10h
Concerns raised over ‘tick-box’ staff training as employers choose short online coursesFT · 10h
John Ternus’s first test at Apple: selling a $2,000 foldable iPhoneFT · 10h
Tax losses have become a hot property in sports M&AFT · 10h
FNZ: the Credit Suisse spinout haemorrhaging cashFT · 10h
The citizen scientists tracking England’s polluted waterwaysFT · 10h
Big US university endowments outperform S&P 500 indexFT · 10h
Upset About Data Centers? Big Tech and Trump Think You’re a Socialist DupeWSJ · 14h
Cargo Plane Crashes at Miami Airport, Striking VehiclesNYT · 14h
Opinion | The Teamsters Return to Ugly TypeWSJ · 15h
OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes ResumeNYT · 20h
In Trump’s Second Term, the MAGA Merchandise Boom Is Going BustWSJ · 22h

Markets & Economy

Stock Funds Are Up 12.6% for Year So FarWSJ · 3m
Institutional Investors Move Markets. Here’s How to Read Their Signs.WSJ · 3m
Mercuria and Gunvor See Profits More Than Double on War BonanzaBBG · 41m
South Africa Seeks Advisers for Eskom Transmission Unit Spin-OffBBG · 53m
Oil Higher on Hormuz Escalation, Weighing on SentimentWSJ · 57m
Spider-Man, Odyssey Help Power Box Office ComebackBBG · 57m
Jio Platforms Said to Start Marketing Record India IPO Next WeekBBG · 1h
Jefferies Fund Seeks Radiant World Asset Freeze in SingaporeBBG · 1h
Polish Stocks Beat US and European Peers as Foreigners Pile InBBG · 1h
Iraq Struggles to Sell Oil From Basra After Hiking Its PricesBBG · 1h
Health Care Roundup: Market TalkWSJ · 1h
Basic Materials Roundup: Market TalkWSJ · 1h
Nordic Group Explores Scale-Up Fund to Curb Company Exodus to USBBG · 2h
US shale pioneer takes fracking to Australia’s remote gas frontierFT · 2h
High Energy Costs Helped a German Far-Right Party to VictoryBBG · 2h
Financial Services Roundup: Market TalkWSJ · 2h
Aliko Dangote, Investment Banks Sign Africa’s Biggest IPOBBG · 2h
Copper Hovers Below All-Time High as US Holiday Spurs CautionBBG · 2h
Tech, Media & Telecom Roundup: Market TalkWSJ · 2h
Yen surges to 6-month high as traders stay alert for signs of interventionFT · 2h
China Central Bank Adds Most Gold Since 2023 Even as Prices JumpBBG · 2h
Sterling Edges Higher After U.K. Treasury Chief SpeechWSJ · 2h
Rise in German Bund Yields Almost Entirely Due to ECB Rate-Hike ProspectsWSJ · 2h
Fed Latest: Warsh’s speech contrasts with New York Fed president’s takeBBG · 3h
Angola Seeks to Raise $228 Million From 34% Standard Bank (SBK) Unit StakeBBG · 3h
Saudi Aramco oil facilities hit in new strikesFT · 3h
Yen Rises to Highest Since FebruaryBBG · 3h
Yen Climbs to Six-Month High as Rate Outlooks ShiftWSJ · 3h
Global Reserves Shift From Dollar Overstated, NY Fed Study SaysBBG · 3h
Indonesia’s Merdeka Battery Is Said to Consider HK Share SaleBBG · 3h
Crude Poised for Significant Leg Higher, Energy Aspects SaysBBG · 3h
‘It sucks’: petrol prices test Trump voters in New JerseyFT · 4h
India Needs Double-Digit Factory Growth, BofA Report SaysBBG · 4h
Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way.WSJ · 4h
China’s Foreign Exchange Reserves Continue to ClimbWSJ · 4h
UK Chancellor Healey Vows Fiscal Rigor in First Big SpeechBBG · 4h
Euro-Zone Growth Upgraded After Bumper Quarter for IrelandBBG · 5h
European Chip Stocks Rise, Buoyed By Asian PeersWSJ · 5h
Iran to raise petrol prices as US war triggers shortagesFT · 5h
European Gas Climbs on LNG Supply Concerns Ahead of WinterWSJ · 5h
Copper Rises on Supply Concerns Despite Rate-Hike BetsWSJ · 5h
Brent Tops $97 as U.S.-Iran Exchange AttacksWSJ · 6h
South Africa Quarterly Farm Exports Surge, US Shipments RiseBBG · 6h
France’s Lescure Says Vast Effort Needed to Contain Budget GapBBG · 7h
German Industry Output Unexpectedly Drops Most in Almost a YearBBG · 7h
Everything is awesomeFT · 8h
Oil Rises as Escalating U.S.-Iran Conflict Stokes Supply Disruption FearsWSJ · 8h
Could the DMO take the BoE’s long gilts off their hands?FT · 9h
Modi fails to dull gold’s lustre in IndiaFT · 10h
Venezuela-US oil deal risks violating local lawFT · 10h
Why America’s debt binge is starting to matterFT · 10h
Bonds have become bonds againFT · 10h
Tax losses have become a hot property in sports M&AFT · 10h
FNZ: the Credit Suisse spinout haemorrhaging cashFT · 10h
Big US university endowments outperform S&P 500 indexFT · 10h
Russia’s uranium push raises concern over nuclear fuel supplyFT · 10h
ArcelorMittal faces green steel price test at flagship low-carbon plantFT · 10h
Bond Market: Gilts, BTPs, OATs Hit by Fears of Energy Shock, Political RiskBBG · 10h
Thai Inflation Accelerates More Than Expected to 2.53%BBG · 10h
Gold Edges Lower as Traders Focus on Oil Price Swings and DollarBBG · 14h
UK Hiring Accelerates for the First Time in Four YearsBBG · 15h
Healey to Pitch UK Regional Growth Plus Fiscal DisciplineBBG · 15h
Manchester to Keep Booming Without Burnham as Mayor, Study SaysBBG · 15h
Stocks Drift as Oil Gains Keep Traders Cautious: Markets WrapBBG · 15h
Latest Oil Market News and Analysis for September 7BBG · 15h

Tech

CXMT Highlights Smartphone, AI Advances as Market Share ClimbsWSJ · 4h
AI computing demand may never be sated, says CEO of Nvidia partner IrenFT · 4h
Insilico’s Co-CEO Has Big Hopes That Fibrosis Drug Can Reverse Aging TooWSJ · 4h
Why America’s debt binge is starting to matterFT · 10h
John Ternus’s first test at Apple: selling a $2,000 foldable iPhoneFT · 10h
Upset About Data Centers? Big Tech and Trump Think You’re a Socialist DupeWSJ · 14h
Who’s Boring Now?WSJ · 23h

Deal Flow

M&A / Strategic

Contract manufacturer Flex will acquire power conversion systems maker EPC Power in a $4.4B deal3d
Diversified Energy agreed to acquire Elliott-backed O&G company Birch Resources in a $1.8B deal3d
Samsung Fire and Marine Insurance and Samsung Life ⁠Insurance will acquire 90% of UK reinsurance company Canopius by buying an additional 50% stake for $1.5B from Centerbridge Partners3d
Shell and Chevron signed non-binding agreements for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points block3d
TSG Consumer made a strategic investment in iconic NYC taco chain Los Tacos No. 13d
US family holding company Friedkin Group is exploring a stake sale in UK soccer club Everton FC just two years after acquiring the club3d
Thai state-owned O&G firm PTT is considering bringing in strategic partners for for its Taiwan-listed Lotus Pharmaceutical3d

VC

Robotics startup Figure raised an undisclosed investment from AI cloud firm Nscale as part of a $3.5B compute deal3d
Enterprise AI platform Wonderful raised a $550M Series C at a $5B valuation led by Insight Partners3d
Thyme Care, an oncology navigation startup, raised a $125M Series E at a $2B+ valuation led by Morgan Health3d
Immediate, an earned wage access and financial wellness platform, raised a $13M Series B led by BankTech Ventures3d

IPOs / Listings / Issuances / Block Trades

Vietnam's EV taxi firm Green & Smart Mobility is weighing expanding in US ahead of a planned Hong Kong IPO which could fetch a $20B valuation3d
UK AI cloud firm Nscale has $103B of total contracted revenue ahead of its $3B US IPO3d
Swedish smart ring maker Oura Health filed for a US IPO to raise $3B at a $16B valuation3d
Pet food platform Golden Pet Brands hired banks for an IPO that could fetch a $1B valuation3d
Chinese chipmaker Longsys priced its $780M Hong Kong listing below the top end of the marketed range at a 44% discount to its China trading3d
Olympus-backed data center infrastructure firm Accelevation filed for an IPO3d
Crypto exchange Kraken delayed its IPO until Q2 next year3d

Debt

Anthropic is set to expand its revolving credit facility to $15B ahead of its IPO3d
Pakistan raised a record $3B in international high-yield bond markets after securing credit rating upgrades3d
A unit of Indian conglomerate Aditya Birla Group raised $2.5B in commitments from four banks to finance its acquisition of Shell's Indian renewable energy unit Solenergi Power3d
Public Storage is looking to raise $360M in a debut Canadian bond sale3d
Silver Lake and Related Companies-backed luxury gym chain Equinox is in advanced talks with for a cash infusion and refinancing to reduce debt and fund expansion3d

Bankruptcy / Restructuring / Distressed

EQT-backed French medical diagnostics firm Cerba Healthcare filed for a court-supervised restructuring in France to tackle its $5.8B debt pile3d
Air India is close to securing $1.1B in financial aid from owners Tata Sons and Singapore Airlines3d

Funds / Secondaries

CVC raised $10B for its sixth and largest PE secondaries fund3d
Swish Ventures, the VC firm of Israel's first NBA player Omri Casspi, raised $250M for its third fund3d

Reforma

Condona Infonavit, pero sube morosidadNacional · 3h
Alertan de credibilidad en presupuesto 2027Portada · 3h
Cuesta extorsión $91,800 millonesNacional · 3h
Salvan alianza aérea... pero falta EUNegocios · 3h
Fiesta explosivaNacional · 3h