Minimalist News

AI Summary

A tense papal conclave is anticipated, with the election likely featuring Cardinal Pietro Parolin against various challengers, amid ongoing financial turmoil in the Vatican.
U.S. and Chinese officials are set to meet for trade discussions in Switzerland, potentially reopening broader trade negotiations after heightened tariffs.
China's central bank has reduced interest rates and relaxed lending policies to mitigate economic impacts from tariffs, while concerns grow over the opacity of its economic data.
Global military tensions escalate, as India conducts military strikes against Pakistan in retaliation for violence, and Israel plans a ground operation in Gaza, prompting serious humanitarian and geopolitical implications.
In the finance sector, the Federal Reserve's current indecision on monetary policy continues to impact market expectations, with speculation increasing that interest rates will be cut later this year due to economic challenges.

Financial Times

Pakistan vows to retaliate after India launches military strikes ft.com 2 hours ago by FT Client Support
Islamabad also said it had shot down five Indian military jets in response to assault it claims killed 26 people
Military briefing: How Indian might stacks up against Pakistan ft.com 2 hours ago by FT Client Support
Tit-for-tat strikes represent most extensive exchange between neighbours in decades
Kashmir crisis live: airlines forced to divert flights ft.com 6 hours ago by FT Client Support
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US and China to launch formal trade talks ft.com 12 hours ago by FT Client Support
Washington dispatches Treasury secretary Scott Bessent to meet Chinese counterparts in Switzerland
Bitterly divided cardinals retreat for conclave to elect new pope ft.com 8 hours ago by FT Client Support
Vote among 133 cardinals is ‘a referendum’ on papacy of Francis, who split the church with liberal reforms
Uber allays fears over slowing US consumer demand for ride-hailing ft.com an hour ago by FT Client Support
San Francisco-based company forecast stronger than expected outlook for current quarter
Novo Nordisk cuts forecasts after replica obesity drugs hit US take-up ft.com 6 hours ago by FT Client Support
‘Compounded’ drugs custom made by pharmacies appeared after US regulator declared shortages in 2022
Israel eases block on exits from Gaza after Trump urges resettlement ft.com 8 hours ago by FT Client Support
Hundreds leave besieged strip in what diplomats fear is start of Israeli displacement plan spurred by US president
EU eyes tariffs on Boeing jets in retaliation plan ft.com an hour ago by FT Client Support
Measures would take effect if insufficient progress is made to reduce US levies