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Friday, May 29, 2026

Daily edition · 2026-05-29 · 20 stories

May 24, 2026 May 31, 2026

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Dormitory fire at Kenyan girls’ school kills at least 16 students

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WHO chief calls for DRC ceasefire to tackle Ebola outbreak

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Anger at decision not to extradite Canadian suicide kit supplier to face UK justice

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WHO chief arrives in DRC promising Ebola outbreak ‘can be stopped’

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Clashes between armed groups in Colombia kill at least 52

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Hershey Bull Sees World Cup, America 250 Lifting Chocolate Sales

Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.

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Japan Used Record $73.6 Billion to Support Yen in Past Month

Japan used a record of almost $74 billion over the past month to prop up the yen after the currency slid past 160 per dollar, according to Finance Ministry data confirming the government’s first market intervention since 2024.

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BOE May Bear Temporary Above-Target Inflation to Support UK, Bailey Says

The Bank of England could temporarily tolerate inflation staying above its 2% target in order to support the UK’s weak economy, Governor Andrew Bailey said, so long as second-round price effects do not emerge.

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Australia’s Marles Backs Defense Budge

Australian Deputy Prime Minister Richard Marles says his country spends a larger share of its GDP on the military than major European nations.

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Italy’s Growth Was Robust at Start of 2026 in Surprise Revision

Italy’s economy grew more than initially estimated at the start of 2026, keeping up momentum from last year before the shock of the Iran war impacted growth.

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Tentative US-Iran Deal & SpaceX Cuts Valuation | The Pulse 5/29/2026

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics.

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Sell in May Proves to Be a Losing Trade in US Stocks

S&P 500 set to gain for a ninth straight week as AI trade powers on.

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UK Bonds Extend Monthly Rally on Receding Rate-Hike Bets

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Dollar’s Monthly Rise Leaves Strategists Wary of More Gains

This month’s rally in the dollar, as traders priced in the prospect of higher US interest rates, is leaving Wall Street strategists wary of further gains.

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IndiGo Posts Unexpected Loss as Mideast Turmoil Lifts Costs

IndiGo, Asia’s largest low-cost carrier, reported an unexpected quarterly loss, amid cost pressures, operational disruptions and softer demand linked to the Middle East conflict.

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Indonesia and India Intervene to Prop Up Weakening Currencies

Indonesia and India intervened on Friday to prop up their currencies, which are being pressured by an energy price spike.

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Zurich Bank Looks to Brazil, Florida as It Expands in Americas

EFG International AG, a private-banking boutique based in Zurich, is expanding its 300-person team serving clients from the Americas with an emphasis on Brazil and South Florida.

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Aluminum Squeeze Deepens as Spreads Tighten and Inventories Drop

The aluminum market is facing a deepening shortage as the closure of the Strait of Hormuz throttles supply, with spot prices for the metal spiking while exchange inventories slump.

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US Stocks Extend Highs as Traders Await Iran Deal: Markets Wrap

US stocks modestly extended all-time highs as traders waited to see whether America and Iran could finally get a peace deal across the line and restore oil flows through the Strait of Hormuz.

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Fed Must Signal Commitment to Inflation, Schmid Says

Federal Reserve Bank of Kansas City President Jeff Schmid said officials should make it clear they’re willing to do what is needed to achieve price stability.

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Intesa Seals SRTs on $4.8 Billion in US Corporate and ESG Loans

Intesa Sanpaolo SpA has wrapped up two significant risk transfers tied to corporate loans worth about $4.8 billion as it takes advantage of robust demand to make greater use of the hedging tool.

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Stocks Hold at Record Highs on US-Iran Deal Optimism | Bloomberg Brief 5/29/2026

Stocks hold steady at all-time highs as traders wait to see whether the US and Iran can finalize a peace deal.

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Gold Rises Above $4,500 as Iran Deal Hopes Ease Inflation Fears

Gold rose as reports that the US and Iran reached a preliminary deal to extend their ceasefire eased expectations of higher-for-longer interest rates.

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Fed’s Schmid Says Officials Must Stay Focused on Inflation

Federal Reserve Bank of Kansas City President Jeff Schmid said he remained focused on elevated inflation and officials should make it clear they’re willing to do what is needed to achieve price stability.

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Czech Billionaire Sees Potential to Boost TotalEnergies Stake

Czech billionaire Daniel Kretinsky said he’s open to increasing his holding in TotalEnergies SE, after gaining a stake in the French oil major last month.

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WHO chief calls for DRC ceasefire to tackle Ebola outbreak

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06

Anger at decision not to extradite Canadian suicide kit supplier to face UK justice

1 outlet

07

WHO chief arrives in DRC promising Ebola outbreak ‘can be stopped’

1 outlet

08

Clashes between armed groups in Colombia kill at least 52

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