The deadly earthquakes in Venezuela will test the Trump administration’s disaster relief response after it dismantled USAID. Wednesday’s earthquakes, described as the “strongest in a century,” have triggered frantic search-and-rescue efforts. President Donald Trump said the US was “ready, willing, and able to help,” reflecting “a degree of diplomatic realignment” ...
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Don’t read the Dimon succession tea leavesDon’t read the Dimon succession tea leaves
Jamie Dimon elevated two new CEO candidates as a third leaves the bank. Is the clock actually ticking this time? For those trying to read the tea leaves in JPMorgan’s latest executive reshuffle, which will see Marianne Lake exit and two executives, Troy Rohrbaugh and Doug Petno, promoted to co-presidents, ...
The dirtiest supply chain on EarthThe dirtiest supply chain on Earth
by Nicolas Niarchos. The New Yorker journalist plots the rise of lithium-ion batteries from their invention in the 1970s to the vast, geopolitically vital resource they are now. The story he tells is of “governments and consumers in wealthier countries pursuing supposedly green ambitions from the costs unfolding someplace else,” ...
Activists need to go back to basicsActivists need to go back to basics
Rohan’s view Activists are a little lost. The end of near zero-interest rates and the wacky dislocation of AI has scuttled the impact of tried-and-true activist plays like levered buybacks and cost-cutting campaigns. But this AI era is actually the perfect time for the right breed of activists: those with ...
Iran war drives US inflation to three-year highIran war drives US inflation to three-year high
US inflation hit its highest level in three years in May, as the war in the Middle East drove energy prices higher across the country. But Thursday’s data suggested a broader problem across categories, with core inflation, which excludes volatile food and energy costs, also ticking up last month. Despite ...
Gulf wealthy snap up exclusive European mansionsGulf wealthy snap up exclusive European mansions
Gulf billionaires are still snapping up some of Europe’s most expensive properties: A hospitality group owned by a Qatari royal family member is buying a Sardinian compound once known for its infamous “bunga bunga” parties. Villa Certosa was sold by the heirs of former Italian Prime Minister Silvio Berlusconi, who ...
US energy dominance faces a test in UkraineUS energy dominance faces a test in Ukraine
The News One essential facet of US President Donald Trump’s overseas energy dominance strategy is proving slow to materialize. At a major Ukraine recovery conference today in Poland, Kyiv’s allies announced more than €10 billion in new business deals and aid packages. But notably absent were any new project investments ...
AI data center boom to drive inflationAI data center boom to drive inflation
The AI data center boom is causing a new wave of inflation, data suggested. As oil prices drop with the Iran war quiescent, US consumers might hope price rises could level off. But demand for chips and energy is driving up costs for everything from smartphones to electricity. The inflationary ...
WHO plans Ebola vaccine trialsWHO plans Ebola vaccine trials
The WHO announced two trials of experimental anti-Ebola drugs to combat the fast-moving outbreak. The US will provide one of the new drugs, a shift in stance after previously saying it would only be available for at-risk Americans. More than 1,000 cases and 277 deaths have so far been confirmed, ...
Ancient Mayan city discovered in Mexican jungleAncient Mayan city discovered in Mexican jungle
A Mayan city was discovered in the Mexican jungle after being hidden for more than 1,000 years. Airborne laser mapping allowed researchers to peer through the dense canopy to detect the 37-acre settlement on the Yucatán peninsula; the team then hacked a three-mile path through the jungle with machetes to ...