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Financial World, the magazine of LIBF

@financialworld.bsky.social
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A quarterly magazine written for the members of LIBF looking at financial services, economics, fintech, financial advice, trade finance, regulation and careers with guest columns from leading commentators.

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Financial World, the magazine of LIBF @financialworld.bsky.social · 7h
Burnham clears path to EU summit with post-Brexit breakthrough www.ft.com/content/ef10... #EU #UK #geopolitics #brexit #trade
ft.com
Burnham clears path to EU summit with post-Brexit breakthrough
UK and Brussels to go ahead with key November meeting after agreeing to kick talks on industrial subsidies into next year
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Reuters @reuters.com · 12h
AI agents tried to hack Canadian government website, research firm says reut.rs/3VozHJh
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AI agents tried to hack Canadian government website, research firm says
AI agents tried to hack into a Canadian ​government website, an AI ​research firm said on Wednesday.
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Reuters @reuters.com · 10h
EU questions Binance over continued operations despite wind-down order, FT reports reut.rs/4rE2XYF
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EU questions Binance over continued operations despite wind-down order, FT reports
EU officials are questioning ​crypto platform ‌Binance over its use of ​a legal ​exemption to continue ⁠serving customers ​in the region ​despite an order to wind down ​its ​business in the bloc, ‌the ⁠Financial Times reported on Thursday, citing people ​familiar ​with ⁠the matter.
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Bloomberg News @bloomberg.com · 16h
President Donald Trump said former Federal Reserve Chair Jerome Powell should resign from the central bank’s board over the renovation of its headquarters, after a report that found a series of missteps that led to surging costs.
bloom.bg
Trump Says Powell Should Be Forced to Resign From Fed Board
President Donald Trump said former Federal Reserve Chair Jerome Powell should resign from the central bank’s Board of Governors over findings the central bank mismanaged the renovation of its headquarters.
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Bloomberg News @bloomberg.com · 15h
A bipartisan group of US senators reached an agreement to move ahead with legislation to speed up federal approval of pipelines, power lines and other large infrastructure projects
bloom.bg
Senators Reach Deal on Bill to Speed Permits for Energy Projects
A bipartisan group of US senators reached an agreement Wednesday to speed federal approval of pipelines, power lines and other major infrastructure projects while requiring protections against electricity price hikes driven by power-hungry AI data centers.
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Bloomberg News @bloomberg.com · 15h
Billionaire Michal Solowow invited fellow Polish businessmen to a venture developing small nuclear-power reactors in the East European nation.
bloom.bg
Polish Billionaire Lures Investors to Small Nuclear Reactor Firm
Billionaire Michal Solowow invited fellow Polish businessmen to a venture developing small nuclear-power reactors in the East European nation.
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Bloomberg News @bloomberg.com · 14h
California and the US West are facing a burst of summer-like heat in early October, boosting electricity demand and raising the risk of wildfires.
bloom.bg
California October Heat Nears 100F as Power, Fire Risks Rise
California and the US West are facing a burst of summer-like heat in early October, boosting electricity demand and raising the risk of wildfires.
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Bloomberg News @bloomberg.com · 14h
The Trump administration faced skeptical questions from a US trade court about the legal foundation underpinning President Donald Trump’s latest round of global tariffs
bloom.bg
Trump’s Latest Global Tariffs Face Tough Questions from US Court
The Trump administration faced skeptical questions from a US trade court about the legal foundation underpinning President Donald Trump’s latest round of global tariffs, once again putting one of his signature economic policies under a judicial microscope.
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Bloomberg News @bloomberg.com · 11h
China’s property crisis has dragged on for five years, sending home prices tumbling, pushing developers to the brink and leaving households in financial distress. Beijing is rolling out more measures to support the market. Can they stop the slump?
bloom.bg
Why China Can’t Sort Out Its Property Market Mess
Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years. Real estate values continue to plummet, households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse.
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Bloomberg News @bloomberg.com · 11h
Trump indicates that his appetite to ban exports of US diesel has cooled, given the risk of unintended price surges, and one of his deputies suggests that Europe might soon put fresh supplies on the market
bloom.bg
Trump Downplays Diesel Export Ban Over Impact on Other Fuels
President Donald Trump signaled that his appetite to ban exports of US diesel has cooled given the risk of unintended price spikes, and one of his top deputies indicated Europe might soon put fresh supplies of the fuel on the market.
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Bloomberg News @bloomberg.com · 10h
Solar panels are so popular in Pakistan they’re being used as wedding dowries. That boom is now challenging a power sector that owes billions to China, and exposing snarls in Beijing's drive to dominate the global energy transition.
bloom.bg
China’s Coal Past and Solar Present Are Colliding in Pakistan
A wave of clean technology imports is challenging a power sector that owes billions to Beijing, exposing snarls in the No. 2 economy’s drive to dominate the global energy transition.
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Bloomberg News @bloomberg.com · 10h
Singapore will add to already rising costs of air travel as it introduces a world-first green levy on flights departing the city-state
bloom.bg
World-First Green Flight Levy in Singapore Adds to Rising Costs of Air Travel
Singapore will add to already rising costs of air travel as it introduces a world-first green levy on flights departing the city-state.
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Bloomberg News @bloomberg.com · 8h
Bond yields are climbing almost daily around the world, sparking a heated debate over the reasons why and how much further they have to run
bloom.bg
Ten Reasons Investors Are Driving Government Bond Yields Higher
Bond yields are climbing almost daily around the world, sparking a heated debate over the reasons why and how much further they have to run.
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Bloomberg News @bloomberg.com · 8h
Is it too late for China's economic rivals to stop its export machine from decimating their most valuable industries? bloom.bg/4hWfROf 📷️: Bloomberg
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Bloomberg News @bloomberg.com · 8h
A resurgent El Niño pattern risks deepening a selloff in Southeast Asian bonds, strategists say, threatening to push yields higher just as rising US Treasury rates and oil prices squeeze regional debt
bloom.bg
El Niño to Compound Drag on Southeast Asian Debt, Analysts Say
A resurgent El Niño pattern may deepen a selloff in Southeast Asian bonds, strategists say, threatening to push yields higher just as rising US Treasury rates and oil prices squeeze regional debt.
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Financial World, the magazine of LIBF @financialworld.bsky.social · 7h
Trump Dangles Alaska Gas Project as Part of Korean Investment Package www.nytimes.com/2026/09/30/b... #energy #gas #geopolitics #korea #alaska #carbon #ESG #globalwarming
nytimes.com
Trump Dangles Alaska Gas Project as Part of Korean Investment Package
The long-delayed project, which the developer has not yet formally greenlit, would deliver Alaskan gas to Asian markets but take several years to construct.
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Reuters @reuters.com · 9h
EXCLUSIVE: US sees Chinese invasion of Taiwan unlikely next year despite 2027 timeline, sources say reut.rs/4hW3FwT
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EXCLUSIVE: US sees Chinese invasion of Taiwan unlikely next year despite 2027 timeline, sources say
US officials believe a Chinese invasion of Taiwan before 2028 is increasingly unlikely despite Chinese President Xi Jinping's instructions for his military to be ready by 2027 to take the democratically governed island by ​force, if needed, people familiar with US thinking said.
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Reuters @reuters.com · 9h
AI adoption stalls as companies struggle to scale projects despite strong returns, study shows reut.rs/4jy2KnF
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AI adoption stalls as companies struggle to scale projects despite strong returns, study shows
Only 13% of companies were on track with their AI initiatives, as regulatory ​hurdles and integration with legacy IT systems ‌slowed large-scale adoption, a BearingPoint study found.
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Reuters @reuters.com · 9h
Treasury's smaller-than-expected buybacks fuel debate over aims reut.rs/4dKdtYq
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Treasury's smaller-than-expected buybacks fuel debate over aims
The US Treasury is purchasing fewer bonds than expected in its buybacks of longer-dated debt, even after recently expanding the program's scope, stoking debate among investors over its ​aims and whether it is succeeding.
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Reuters @reuters.com · 8h
Philippines sends largest ship, aircraft to drive away Chinese vessel in waters near Taiwan reut.rs/4hpFh6I
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Philippines sends largest ship, aircraft to drive away Chinese vessel in waters near Taiwan
The Philippines' coast guard said on Thursday that it has deployed its largest vessel and an aircraft to challenge a Chinese research ship ​operating off northern Batanes province near Taiwan, adding that a Chinese ‌coast guard vessel had also moved in.
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Reuters @reuters.com · 8h
US investor Artisan urges UBS to quit Switzerland over capital rules reut.rs/4hIsRpE
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US investor Artisan urges UBS to quit Switzerland over capital rules
US asset manager Artisan Partners ​has urged UBS to leave Switzerland, arguing that proposed tougher capital requirements for the ‌bank are "punitive", excessive and would destroy shareholder value.
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Bloomberg News @bloomberg.com · 25/09/2026
Almost everyone who finishes school in Japan gets work. And while it’s much more competitive in the finance sector, firms are stepping up efforts to woo top talent.
bloom.bg
Japan Banks, Hedge Funds Tussle for Top Graduates Amid Jobs Boom
To graduates around the world fighting to get their first job, Japan may seem like a hiring paradise.
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Bloomberg News @bloomberg.com · 25/09/2026
Spain is seeking to close a rift between France and Germany over new “Made in EU” criteria designed to halt Europe’s industrial decline.
bloom.bg
Spain Aims to Bridge Franco-German Divide Over ‘Made In Europe’
Spain is seeking to close a rift between France and Germany over new “Made in EU” criteria designed to halt Europe’s industrial decline.
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Bloomberg News @bloomberg.com · 25/09/2026
Germany has provided a roadmap setting out its transition away from fossil fuels by 2045, as Europe’s largest economy seeks to reduce its vulnerability to global energy-market shocks.
bloom.bg
Germany Maps Exit From Fossil Fuels as Energy Crises Take Toll
Germany has provided a roadmap setting out its transition away from fossil fuels by 2045, as Europe’s largest economy seeks to reduce its vulnerability to global energy-market shocks.
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Bloomberg News @bloomberg.com · 25/09/2026
Chinese leader Xi Jinping urged the US to “oppose” Taiwan independence, marking his most explicit call for President Donald Trump to change his stance on the self-ruled island.
bloom.bg
Xi Presses Trump to ‘Oppose’ Taiwan Independence During Summit
Chinese leader Xi Jinping pressed the US to outright “oppose” Taiwan independence, marking his first public call for Donald Trump to change Washington’s decades-old stance on the self-ruled island.
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Reuters @reuters.com · 25/09/2026
EXCLUSIVE: How firms linked to sanctioned Chinese cotton giant sell clothes to U.S. reut.rs/4d6CCMN
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EXCLUSIVE: How firms linked to sanctioned Chinese cotton giant sell clothes to U.S.
In July, a ton of cotton shirts was unloaded at the port of Los Angeles after a trip from southern Vietnam.
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Reuters @reuters.com · 25/09/2026
How Trump's diplomatic week exposed the limits of his power reut.rs/4ylBvBy
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How Trump's diplomatic week exposed the limits of his power
From his high-profile address to the UN General Assembly to his high-stakes White House summit with Chinese leader Xi Jinping, US President Donald Trump this week was looking to reassert himself on the world stage.
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Reuters @reuters.com · 25/09/2026
EU urges Britain to raise tariffs on Chinese cars, FT says reut.rs/4yaGrJf
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EU urges Britain to raise tariffs on Chinese cars, FT says
Brussels has told British Prime Minister Andy Burnham that Britain needs to raise tariffs on Chinese ​cars and align more closely align with EU trade ‌policy to avoid “made in Europe” barriers on key exports, the Financial Times said on Friday.
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Reuters @reuters.com · 25/09/2026
The road ahead for Volkswagen's restructuring reut.rs/3T19qQA
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The road ahead for Volkswagen's restructuring
Volkswagen CEO Oliver Blume may have got the green light from stakeholders for his turnaround plan, but he faces tough talks in Germany over job cuts and plant ​closures as well as fundamental questions over the automaker's US strategy.
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Reuters @reuters.com · 25/09/2026
Dollar set for weekly gains as Treasury yields surge, Fed bets build reut.rs/4xFNuZh
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Dollar set for weekly gains as Treasury yields surge, Fed bets build
The dollar was set for its first back-to-back weekly gains ​in more than three months on Friday, as surging Treasury yields and mounting bets on further Federal Reserve ‌rate hikes kept the greenback near multi-month peaks.
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Reuters @reuters.com · 25/09/2026
Shares in Banco BPM rise on report of joint Credit Agricole-UniCredit interest reut.rs/4yiwv0q
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Shares in Banco BPM rise on report of joint Credit Agricole-UniCredit interest
Shares in Banco BPM ​rose 2.3% on ‌Friday, slightly outperforming the sector, lifted ​by the ​prospect of joint interest ⁠for the ​Italian bank by bigger ​rival UniCredit and France's Credit Agricole .
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Bloomberg News @bloomberg.com · 23/09/2026
Singaporeans are among the most open to allowing an artificial intelligence agent to shop for them but they also want the strictest guardrails, research shows
bloom.bg
Singapore Wants AI to Shop But With Strict Limits, Study Shows
Singaporeans are among the most open to allowing an artificial intelligence agent to shop for them but they also want the strictest guardrails, research shows.
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Bloomberg News @bloomberg.com · 23/09/2026
Shares of major banks, insurers and online travel agencies slid as investors fear that tools like Meta’s Muse could disrupt businesses that benefit from so-called consumer inertia
bloom.bg
Meta’s Muse Drags Down Stocks That Depend on ‘Consumer Inertia’
Shares of major banks, insurers and online travel agencies slid on Tuesday as investors fear that tools like Meta Platforms Inc.’s personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists.
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Bloomberg News @bloomberg.com · 23/09/2026
Anthropic is releasing a new AI model that’s meant to field a wide range of business tasks at a lower cost, part of the startup’s bid to keep ahead of rivals while it prepares for a highly anticipated Wall Street debut.
bloom.bg
Anthropic Unveils More Cost-Efficient Opus 5.5 Model Before IPO
Anthropic PBC is releasing a new artificial intelligence model that’s meant to field a wide range of business tasks at a lower cost, part of the startup’s bid to keep ahead of rivals while it prepares for a highly anticipated Wall Street debut.
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Bloomberg News @bloomberg.com · 23/09/2026
A pair of companies delayed their IPOs, sending a ripple of anxiety through the US market as investors wait for Anthropic’s hotly anticipated debut to materialize
bloom.bg
Derailed IPO Plans Rattle US Market Ahead of Anthropic Debut
A pair of companies delayed their IPOs, sending a ripple of anxiety through the US market as investors wait for Anthropic PBC’s hotly anticipated debut to materialize.
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Bloomberg News @bloomberg.com · 23/09/2026
AI pioneer Fei-Fei Li called for more oversight of the technology by independent and public-sector entities
bloom.bg
World Labs Founder Fei-Fei Li Urges Independent Oversight of AI
Artificial intelligence pioneer Fei-Fei Li called for more oversight of the technology by independent and public-sector entities, arguing that safety assessments of increasingly capable AI systems shouldn’t be left solely to the companies developing them.
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Bloomberg News @bloomberg.com · 23/09/2026
Takaichi will call for the United Nations to remove references in its charter that refer to Japan and Germany as “enemy states,” a classification recently highlighted by China to criticize Tokyo amid a breakdown in relations
bloom.bg
Takaichi Urges UN to Cut Japan’s 1940s-Era ‘Enemy State’ Tag
Prime Minister Sanae Takaichi urged the United Nations to remove references to Japan and Germany as “enemy states,” a classification China has recently seized on to criticize Tokyo after a breakdown in ties over Taiwan.
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Bloomberg News @bloomberg.com · 23/09/2026
What’s next for markets after Japan hiked rates following pressure from US Treasury Secretary Scott Bessent? Bloomberg reporters answer your questions in a Live Q&A on Sept. 24 at 10 a.m. HKT, 11 a.m. JST / Sept. 23 at 10 p.m. EDT ⤵️
bloom.bg
Live Q&A: What’s Next After Japan Hikes Rates at Fastest Pace Since 1990?
Bloomberg reporters answer your questions on what’s next for the BOJ on Sept. 24 at 10 a.m. HKT, 11 a.m. JST / Sept. 23 at 10 p.m. EDT
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Reuters @reuters.com · 23/09/2026
EXCLUSIVE: GM CEO Mary Barra to attend Trump's state dinner for Xi, sources say reut.rs/4htik1s
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EXCLUSIVE: GM CEO Mary Barra to attend Trump's state dinner for Xi, sources say
General Motors CEO Mary Barra is ‌expected to attend US President Donald Trump's state dinner at the White House on Thursday for Chinese President Xi Jinping, two sources familiar with ​the matter said, as US automakers warn against allowing Chinese ​manufacturers into the market, while Trump signals he may ⁠be open to it.
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Reuters @reuters.com · 23/09/2026
Chinese beauty product exporters are sitting pretty despite US trade dispute reut.rs/4cYqX2z
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Chinese beauty product exporters are sitting pretty despite US trade dispute
From pre-bleached straight hair wigs to wavy clipped extensions and blinged-out coffin-shaped nails, sales of Chinese-made beauty accessories ​are surging across the United States.
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Reuters @reuters.com · 23/09/2026
Countries still way behind on UN biodiversity targets, research shows reut.rs/4iEz8EP
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Countries still way behind on UN biodiversity targets, research shows
Governments are set to fall well short of meeting a major UN target to protect and conserve biodiversity in at least 30% of the world's ​land and seas by 2030, research published on Wednesday showed.
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Reuters @reuters.com · 23/09/2026
China surveys Broadcom switch use in state data centers, FT reports reut.rs/4hqQDWX
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China surveys Broadcom switch use in state data centers, FT reports
Chinese authorities are examining the use of Broadcom’s hardware in state-backed data centres as ​part of a drive to boost domestic producers ‌and reduce reliance on foreign AI infrastructure, the Financial Times reported Wednesday, citing people familiar with the matter.
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Reuters @reuters.com · 23/09/2026
From Breakingviews - Breakingviews - COMMENTARY: EU made-in-China car cap flashes amber warning reut.rs/3Tkl3BZ
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Breakingviews - COMMENTARY: EU made-in-China car cap flashes amber warning
The bloc wants Beijing to limit imports of plug-in hybrids to 15% of ​market share, the FT reports. ​It echoes a 1980s deal with ⁠Japanese carmakers but lacks the ​same bite. Still, as Brussels' patchwork of ​policies grows, Chinese exporters' rapid acceleration into Europe may stall.
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Reuters @reuters.com · 23/09/2026
From Breakingviews - Breakingviews - COMMENTARY: Buyout barons’ forever funds have mortal flaws reut.rs/4ySF0PF
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Breakingviews - COMMENTARY: Buyout barons’ forever funds have mortal flaws
Blackstone, ​KKR, EQT and peers ⁠have raised $100 ​bln for perpetual ​private-equity vehicles. Yet no two look alike, and ​performance is ​patchy so far. With ‌cashing ⁠out the only option for investors to bank ​returns, ​the ⁠risk of an eventual ​exodus is high.
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Financial World, the magazine of LIBF @financialworld.bsky.social · 22/09/2026
China’s Continued Control of Rare Earths Looms Over Trump-Xi Meeting www.nytimes.com/2026/09/21/b... #RareEarths #supplychain #trade #China #geopolitics
nytimes.com
China’s Continued Control of Rare Earths Looms Over Trump-Xi Meeting
Manufacturers are struggling with constrained supplies as U.S. and Chinese officials negotiate over export restrictions with consequences for global industry.
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Bloomberg News @bloomberg.com · 22/09/2026
California has declared a state of emergency as a strengthening El Niño raises the threat of damaging storms, widespread flooding and mudslides across the state this fall and winter.
bloom.bg
California Declares Emergency as El Niño Threatens Winter Mayhem
California has declared a state of emergency as a strengthening El Niño raises the threat of damaging storms, widespread flooding and mudslides across the state this fall and winter.
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Bloomberg News @bloomberg.com · 22/09/2026
Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader.
bloom.bg
Radiant World Table Shows Six Lenders With $870 Million Exposure
Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader.
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Bloomberg News @bloomberg.com · 22/09/2026
Bank of America’s credit traders are now feeling the after-effects from the firm’s decision to sit out on some of the hottest AI deals to come to market
bloom.bg
BofA’s Slower AI Ramp-Up Is Hitting the Bank’s Trading Desk
Bank of America Corp.’s credit traders are now feeling the after-effects from the firm’s decision to sit out on some of the hottest AI deals to come to market.
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Bloomberg News @bloomberg.com · 22/09/2026
OpenAI is urging the US to lead an effort with other countries to set standards for cutting-edge artificial intelligence, in response to mounting concerns about the potential harms of the technology.
bloom.bg
OpenAI Pushes US to Lead Effort to Set Global Standards for AI
OpenAI is urging the US to lead an effort with other countries to set standards for cutting-edge artificial intelligence, in response to mounting concerns about the potential harms of the technology.
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Bloomberg News @bloomberg.com · 22/09/2026
Advanced Micro Devices shares jumped Monday, putting the company on track to close above $1 trillion in market value for the first time amid renewed optimism for chipmakers necessary to power artificial intelligence.
bloom.bg
AMD Set to Top $1 Trillion in Market Value as Chip Stocks Soar
Semiconductor stocks soared Monday as early signs of success for Meta Platforms Inc.’s new artificial intelligence agent sparked a wave of enthusiasm around demand for the chips needed to power such agents.
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