Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sanjeev Gupta’s metals business in Australia faces a new threat as FitzWalter Capital sues InfraBuild for allegedly breaching financing terms, claiming a default and seeking repayment of bonds. The lawsuit adds to the challenges facing Gupta’s empire, with InfraBuild denying any default and Moody’s downgrading its credit rating.
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Stock Markets Slide After Trump Unveils Tariffs
Global markets tumbled after President Trump announced 10 percent tariffs on all U.S. trading partners except Canada and Mexico, with even higher tariffs on other main partners, causing futures on the S&P 500 to slump over 3 percent. Asian markets also fell sharply, with benchmark indexes dropping over 3 percent in Japan, and nearly 2 percent in Hong Kong and South Korea. The surprise scale of the tariffs has left analysts questioning the basis for...
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