Shares in some of the US’s biggest beauty and cosmetics groups lost their shine on Monday after Amazon unveiled a fresh push into the space.

Beyond Meat was poised to extend its longest losing streak since going public last month, taking some of the sizzle out of the high-flying vegan burger stock.

WarnerMedia has hired Ann Sarnoff as chief executive of Warner Bros, filling one of the biggest jobs in Hollywood after the storied studio’s previous chief was ousted in the wake of misconduct allegations.

Milan-Cortina has been selected as the host of the 2026 Winter Olympics, beating its only rival Stockholm for the prize of holding one of the world’s biggest sporting events.

Gold jumped to a six-year high and Treasuries rallied as Donald Trump said on Monday the US would impose new sanctions on Iran, spurring demand among investors for haven assets.

Lamine Diack, the former head of the International Association of Athletics Federation, will stand trial in France over allegations of corruption linked to a Russian doping scandal.

Global regulators stepped up their condemnation of intentional defaults by companies aimed at triggering payouts on credit default swaps on Monday, announcing a joint effort among US and UK officials to address concerns raised by a string of contentious deals.

Acacia Mining has hit back against Barrick Gold, accusing its biggest shareholder of trying to take advantage of problems it has helped inflame to buy the company at a knockdown price.

New trade barriers imposed by G20 economies threaten to crimp the global economy, the World Trade Organization said in a report published on Monday.

The overhaul of Poland’s supreme court that forced a third of its judges into early retirement broke EU law, the bloc’s top court said in a landmark ruling on Monday.

President Donald Trump continued his long-running attack on the Federal Reserve on Monday, complaining the US central bank “doesn’t know what it is doing”.

Falling morale among Germany’s business leaders has added to the gloom surrounding the eurozone’s biggest economy, as a leading index showed that the mood among managers has weakened to its lowest level in nearly five years.

Europe’s largest insurer Allianz has lost one of its most important distribution channels for life insurance in Spain as it sold a 60 per cent stake in joint venture Allianz Popular to the country’s biggest lender Banco Santander, cashing in €937m.

Shares in Chinese down jacket maker Bosideng tumbled on Monday in the wake of a short seller’s report.

Indonesian exporters put in a better-than-expected performance in May as the fall in outbound shipments moderated, taking the country’s trade balance back into surplus after a weak start to the year. 

Bitcoin edged lower on Monday after rallying above $11,000 over the weekend to hit a 15-month high.

Investors are hoping a highly anticipated meeting next week between President Donald Trump and his Chinese counterpart, Xi Jinping, will lead to a breakthrough in contentious trade negotiations between the world’s two most important economies.

Oil moved higher on Friday as a military clash between the US and Iran looked only to have been narrowly averted, while US stocks edged lower as investors measured the implications of the tension in the Middle East and looked ahead to trade talks.

The broader US stock market and Treasuries both crossed key thresholds this week, but it was Chinese equities, gold and oil that managed to outperform key global assets in recent sessions.

Slowing growth momentum and the lack of inflationary pressure are fuelling the case among Federal Reserve policymakers that a rate cut may be necessary this year in order to stimulate the economy.

South Africa’s Naspers delayed its planned $100bn European listing of global internet assets, which includes a large stake in China’s Tencent, after the wrong envelopes were dispatched to shareholders.

Oil jumped on Friday as a fire at a major US refinery added to traders’ jitters in a market already on edge as geopolitical tensions flare in the Middle East.

Rio Tinto has poached the top European mining analyst at Morgan Stanley as its new head of investor relations.

The owner of The Money Shop loans and pawnbroking chain has become the latest subprime lender brought to the brink of collapse due to the weight of complaints from claims management companies.