


China’s battery leader CATL surges on debut after biggest listing of 2025
Strong demand for secondary offering in Hong Kong expected to lift amount raised to $5.3bn

Polish stocks enjoy big rally as investors seek havens from trade war
WIG index up more than 28% this year as one of world’s top performing bourses, helped by Germany’s fiscal ‘bazooka’

Howard Lutnick bequeaths Spac-fuelled empire
Plus, Spacs make a comeback and UBS trials AI analyst avatars

Nippon Steel lifts US Steel investment pledge to $11bn in push to secure deal
Japanese suitor is also promising to add thousands of jobs in bid to win over Donald Trump

Trump’s ‘big, beautiful’ tax bill heightens concerns over US debt
Investors say Treasury market is already at an ‘inflection point’ as fiscal worries rise