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From Financial Times

US rice farmers spy a lifeline in crisis-hit Cuba

Opening up of the communist island could result in a ‘big shot in the arm’ for planters in the southern US

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China’s hunt for US tungsten escalates global critical minerals race

Effort has driven up prices and prompted calls to restrict sales of a vital national security resource to overseas buyers

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Gold replaces US Treasuries as world’s top reserve asset, ECB says

Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar

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IPO boom, market doom?

Plus: not now, Godzilla

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This will be an absolutely mammoth year for IPOs. Probably

Partying like it’s 1999

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Activist fund Elliott calls for sale of Australia’s largest gold miner

US firm builds up stake in Northern Star Resources

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EasyJet’s summer sale reaches Wall Street

Europe’s famed budget airline has become a potential takeover target as war in Iran hits industry

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Castlelake: the private credit lender taking a run at easyJet

The $37bn investment manager is little known in the UK, but that could change if it bids on the British budget carrier

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Greek tanker operator Dynacom readies vessels for possible opening of Hormuz

The group, one of the few to transit the strait since the conflict, has moved six ships in the vicinity

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America’s AI boom is carrying more than investors admit

The economy, the profit cycle and the market narrative are all leaning on the same narrow pillar

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US start-up plans to drill for lithium under VW and BMW battery factories

Atana Elements acquires exploration licences in Germany and Poland as Europe aims to reduce reliance on China

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US convertible bonds set for record year as issuers harness AI boom

Investors embrace zero-interest debt for options on high-growth tech stocks

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