Turkeys Central Bank Says Inflation Will Peak at 75 But Raises Yearend Forecast
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Auditors failed to raise alarm before 75% of UK corporate collapses
Three in four audit reports did not provide alerts that companies risked going bankrupt, think-tank findsFinancial Times - Business - United Kingdom -
Denmark Raises Growth Forecast as Novo Expands Output
Yahoo News - World -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Week Ahead for FX, Bonds: PMI Surveys, Asia Central Banks in Focus
Key data from the U.S., Europe and U.K. will share the stage with a raft of central bank decisions out of Asia-Pacific, as the timing of interest rate cuts stays front of mind for investors.The Wall Street Journal - World -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Yahoo News - World - Brazil -
3 Spaniards were among 6 people killed when gunmen opened fire in central Afghanistan, officials say
Taliban and Spanish officials say three Spanish citizens and three Afghans were killed when gunmen opened fire in central AfghanistanABC News - World -
Flooding peaks on Moselle tributary in western Germany's Saarland
Yahoo News - World -
Islamic Jihad leader killed in West Bank and 70 targets hit in Gaza, says Israel
IDF says ‘senior terrorist operative’ Islam Khamayseh was killed in strike on the city of Jenin. Israel says its jets have struck 70 targets across Gaza in the past 24 hours, while an airstrike in Jenin killed a “significant” Islamic Jihad figure ...The Guardian - World - Israel -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
The Northern Lights Forecast in the U.K.
Sightings of the aurora borealis are unlikely in the U.K. this weekend, but the northern lights could return on Monday, forecasters said.The New York Times - World -
20 killed in central Gaza airstrike
Twenty people in central Gaza were killed following an Israeli airstrike on Sunday as fighting continued to ravage the region over the weekend. Records from the Al-Aqsa Martyrs Hospital showed that twenty people were killed in the airstrike ...The Hill - Politics -
US museum curator held in Turkey over spider and scorpion samples is freed
American Museum of Natural History says Dr Lorenzo Prendini was working on research project and ‘has arrived safely home’. A curator at the American Museum of Natural History in New York who was detained in Istanbul on Monday while allegedly ...The Guardian - World - Turkey -
Turkey's Erdogan pardons elderly generals imprisoned over 1997 'postmodern coup'
Turkey's president has pardoned seven former top military officers who were sentenced to life terms in prison over the ouster of an Islamic-led government in 1997ABC News - World -
Poland receives final TB2 drone delivery from Turkey’s Baykar
Yahoo News - World -
New EY Report Forecasts 2024 Deals Rebound
Despite stubborn interest rates, mergers and acquisitions could rebound dramatically from the drop off that characterized last year.Inc. - Business -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
Gunman Kills Three Spanish Tourists in Central Afghanistan
One Afghan was also injured in the attack, which many expect will hinder the government’s recent efforts to lure foreign visitors.The New York Times - World -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Turkey sentences pro-Kurdish politicians to lengthy prison terms over deadly 2014 riots
A Turkish court has sentenced several pro-Kurdish politicians to between nine and 42 years in prison over deadly riots that broke out in 2014 by after Islamic State group militants besieged the Syrian border town of KobaniABC News - World - Turkey -
Newzoo revises 2023 games revenue forecasts down to $184B
Newzoo has adjusted its 2023 games revenue estimates, putting the numbers down from $187 billion to $184 billion.VentureBeat - Tech -
China Regulators to Discuss Property Aid With Banks Friday
Yahoo News - World - China -
What a Spanish bank mega-deal means for TSB
After BBVA’s bid, Sabadell is under pressure to prove it makes sense for a Spain-focused bank to own the midsize UK lenderFinancial Times - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
The end of centralized data? Samsung teams with Expanso on distributed processing
Enables teams to analyze data in situ, reducing the operational overhead of replicating data centers or managing data movement between cloudsVentureBeat - Tech -
Three Spanish tourists killed in central Afghanistan gun attack
Seven others including four foreigners were injured, Afghan officials say.BBC News - Top stories -
Stanley Cup Playoffs Central: Bracket, schedule, game previews for the NHL's postseason
From the first round all the way through the Stanley Cup Final, ESPN has you covered. Explore the full results, and coverage on each team.ESPN - Sports - NHL -
Gunmen kill three Spanish tourists in Afghanistan’s central Bamyan province
Three Spanish tourists were killed and at least one Spaniard was injured in an attack by gunmen in Afghanistan’s central Bamyan province, Spain’s foreign ministry said on Friday.NBC News - Top stories -
At least 27 killed in central Gaza airstrike as U.S. envoy visits the region
At least 27 people, mainly women and children, were killed in an Israeli airstrike in central Gaza.CBS News - Top stories -
Israeli airstrike kills 27 people in central Gaza, mostly women and children
Fighting raged in the north as Israeli leaders argue over who should govern GazaABC News - World - Israel -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World