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Latest news from trusted sources around the world

Economy Financial Times
Trump administration’s mixed messaging sparks wild swings in oil markets

Confusion over US naval escorts in Strait of Hormuz exposes lack of clarity over war aims

Starboard Builds $350 Million CarMax Stake, Seeks Board Seats
Economy Bloomberg
Starboard Builds $350 Million CarMax Stake, Seeks Board Seats

Starboard Value LP has amassed a stake of about $350 million in CarMax Inc. and sees an opportunity to accelerate the used car retailer’s turnaround …

Economy Financial Times
Net zero will cost less than fossil fuel price rise, UK climate …

Climate Change Committee report comes after days of turbulence in global energy markets

Stocks Fall as Oil Keeps Gaining on War Jitters: Markets Wrap
Economy Bloomberg
Stocks Fall as Oil Keeps Gaining on War Jitters: Markets Wrap

Wall Street traders hit by geopolitical worries kept a lid on stocks and bonds, with oil surging after the release of stockpiles from rich nations …

Oil Rises as Traders Weigh War Impact and Reserves Release Plan
Economy Bloomberg
Oil Rises as Traders Weigh War Impact and Reserves Release Plan

Oil climbed in another volatile trading session as traders weighed whether an emergency release of crude reserves by wealthy nations would blunt the impact of …

Trump Says US to Get New Oil Refinery With Reliance Backing
Economy Bloomberg
Trump Says US to Get New Oil Refinery With Reliance Backing

President Donald Trump said the US will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries …

Haass: Economic Effects of Iran War Will 'Mushroom'
Economy Bloomberg
Haass: Economic Effects of Iran War Will 'Mushroom'

Council on Foreign Relations President Emeritus Richard Haas discusses the US and Israel not being on the same page regarding the conflict in Iran timeline, …

Economy Financial Times
Oracle shares rally 10 per cent on strong revenue forecast from AI …

Larry Ellison’s database group posted better than expected earnings from its cloud unit

Private Credit Lends Extra $400 Million to Software Firm Enverus
Economy Bloomberg
Private Credit Lends Extra $400 Million to Software Firm Enverus

Private credit lenders have provided a more than $400 million delayed draw term loan for Blackstone Inc.’s Enverus after supplying roughly $3 billion in December, …

Raízen, Creditors Near Deal for Out-of-Court Debt Rework
Economy Bloomberg
Raízen, Creditors Near Deal for Out-of-Court Debt Rework

Brazilian sugar and ethanol producer Raízen SA is close to reaching an agreement with its main creditors to start an out-of-court debt restructuring, according to …

Economy Financial Times
Government overcomes backbench rebellion to pass jury plan

Ninety Labour MPs abstained while 10 joined Tories and Lib Dems in opposing Courts and Tribunals Bill

Economy Financial Times
Israel rejects Lebanon’s request for ‘cessation’ in fighting to allow for talks

Meeting between two longstanding enemies could take place in Cyprus

Economy Financial Times
UK deploys first warship to Cyprus after scrutiny over delays

Departure of HMS Dragon comes amid wider criticism of Britain’s slowness to bolster support for allies in Iran war

Toronto-Listed MDA Space Seeking $300 Million in US IPO
Economy Bloomberg
Toronto-Listed MDA Space Seeking $300 Million in US IPO

MDA Space Ltd. is seeking to raise $300 million in an initial public offering in the US, giving the Toronto Stock Exchange-listed robotics and satellite …

Economy Financial Times
UK consults on scaled-back digital ID plan

Ministers try to win over sceptical public by potentially excluding children and some personal data

Economy Financial Times
Citadel and ExodusPoint stung by Iran war turmoil

Multi-manager hedge funds have suffered losses amid huge volatility in oil and bond prices

Economy Financial Times
America has become an agent of chaos in world energy markets

A succession of US foreign policy choices has destabilised the oil industry

Bitcoin Rebounds to $71,000 as Wall Street Deepens Crypto Push
Economy Bloomberg
Bitcoin Rebounds to $71,000 as Wall Street Deepens Crypto Push

Bitcoin climbed back above $71,000 on Tuesday after a choppy week of trading that saw it spike, retreat and spike again. But the messy price …

Economy Bloomberg
Trafigura Secures $3 Billion Liquidity Buffer as Prices Swing

Trafigura Group secured a new $3 billion credit facility to provide a liquidity buffer against sharp swings in commodity markets, which can leave traders exposed …

Iraq Oil Output Cut Further as Baghdad Pushes for Kirkuk Restart
Economy Bloomberg
Iraq Oil Output Cut Further as Baghdad Pushes for Kirkuk Restart

Iraq’s oil production has fallen to 1.2 million barrels a day because of the Iran war and Baghdad is pushing to restart export flows of …

Economy Financial Times
Creditors of collapsed MFS claim £1.3bn shortfall

Creditors allege in filings ahead of urgent court hearing that UK mortgage provider lent to connected parties

Economy Financial Times
Will the Iran war derail the global economy? Submit your questions

Take part in a live Q&A with economics leader writer Tej Parikh and European economics commentator Martin Sandbu on Wednesday March 11 at 12pm GMT

Economy Financial Times
Five ways the Iran war could unfold

Donald Trump has said the conflict will be over ‘very soon’. How can he stop it?

MFS Creditors Facing £1.3 Billion Shortfall Allege Improper Loans
Economy Bloomberg
MFS Creditors Facing £1.3 Billion Shortfall Allege Improper Loans

Creditors caught up in the collapse of UK mortgage lender Market Financial Solutions Ltd. claim a network of companies linked to its owner sits at …

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