Dispatch from the Milken jamboree
Plus, Pimco’s warning, a US copper rush and the National Gallery’s rehang
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US tariff policy accelerates deeper structural changes
Unusual swings in markets and consensus economic narratives point to longer-term forces
The Nigerian companies leading historic shift in oil wealth ownership
Local producers are stepping in to fill the gap vacated by foreign majors retreating from Africa’s largest producer
World’s largest EV battery maker CATL to raise at least $4bn
Offering is set to be Hong Kong’s biggest listing this year
Saudi Aramco cuts its dividend by $10bn
Lower payouts from supermajor put pressure on Riyadh’s ambitious diversification plans
US beef prices extend surge as ranchers face thinnest herds in 70 years
A years-long drought in the American west has dried up grazing lands and created a shortage of calves