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ECB to Hold as It Weighs Iran War’s Inflation Threat
Economy Bloomberg
ECB to Hold as It Weighs Iran War’s Inflation Threat

The European Central Bank is set to keep interest rates unchanged as it gauges how much of an inflation shock the war in Iran will …

Economy Financial Times
KPMG and Harvey Nichols among employers found to have paid less than …

Government steps up its enforcement of newly strengthened workers’ rights

Economy Financial Times
UK to protect steel industry with new import tariffs

Move brings Britain in line with US, EU and Canada which have sought to bolster domestic producers

Economy Financial Times
AI is moving from answering questions to taking action

China is likely to be both the testing ground and a leader in the use of agents

UK Hikes Steel Tariffs, Cuts Import Quotas to Boost Industry
Economy Bloomberg
UK Hikes Steel Tariffs, Cuts Import Quotas to Boost Industry

The UK government defended a decision to hike tariffs on steel imports and cut import quotas, saying it was necessary to protect the domestic industry …

Gold Continues to Sink as Iran War Dampens Rate-Cut Hopes
Economy Bloomberg
Gold Continues to Sink as Iran War Dampens Rate-Cut Hopes

Gold fell for a seventh session as the escalating war in the Middle East drove oil prices higher and reduced prospects for a US interest-rate …

Economy Financial Times
FirstFT: Pakistan and Afghanistan pause hostilities after Kabul attack

Also in today’s newsletter: Iran inflicts ‘extensive’ damage on Qatar LNG facility, and Fed chief says oil crisis will worsen US inflation

Economy Financial Times
Iran inflicts ‘extensive damage’ on site of world’s largest LNG facility in …

Tehran vowed to retaliate against Gulf energy plants after its South Pars gasfield was hit

Bair: Fed Keeping 'Dry Powder' as Inflation Persists
Economy Bloomberg
Bair: Fed Keeping 'Dry Powder' as Inflation Persists

Former FDIC Chair Sheila Bair discusses the need for the Fed to keep their 'powder dry' given current economic uncertainties, and the inflationary effects of …

Brainard: Fed May See Oil Price Shock as Transitory
Economy Bloomberg
Brainard: Fed May See Oil Price Shock as Transitory

Former Federal Reserve Vice Chair Lael Brainard discusses Fed Chairman Jay Powell tying his departure from the Board to the conclusion of a DOJ investigation, …

Silver Lake-Backed Relativity Said to Tap Banks for US IPO
Economy Bloomberg
Silver Lake-Backed Relativity Said to Tap Banks for US IPO

Relativity, a legal data firm backed by Silver Lake, has picked banks to help arrange for an initial public offering, according to people familiar with …

Iran War Not an Inflation 'Speed Bump,' JPMorgan's Michele Warns
Economy Bloomberg
Iran War Not an Inflation 'Speed Bump,' JPMorgan's Michele Warns

"I'm still gobsmacked by the Fed's decision," Bob Michele, JPMorgan Asset Management's global head of fixed income, says about the Federal Reserve's decision to leave …

Economy Financial Times
Oil jumps above $110 after attacks on Gulf energy facilities

Qatar reports ‘extensive damage’ on site of world’s largest LNG plant Ras Laffan after Iran strike

Five Below Tops Full-Year Outlook Aided by Store Openings
Economy Bloomberg
Five Below Tops Full-Year Outlook Aided by Store Openings

Shares of Five Below Inc. rose 7% in post-market trade after it issued a better-than-expected fiscal 2026 outlook and predicted a sales bump fueled by …

Economy Financial Times
Fed chief Jay Powell says Iran oil crisis will worsen US inflation

Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth

Economy Financial Times
Russia considers sending armed naval patrols to protect ‘shadow fleet’

Putin ally Patrushev says Moscow could deploy ‘mobile firing groups’ after series of suspected Ukrainian attacks on ships

Economy Financial Times
US intelligence chief struggles to avoid contradicting Trump on Iran war

Tulsi Gabbard refuses to say whether Tehran posed an ‘imminent nuclear threat’

Stracke Says Pimco Avoiding 'Pretty Bad’ Private Credit Loans
Economy Bloomberg
Stracke Says Pimco Avoiding 'Pretty Bad’ Private Credit Loans

Pimco President Christian Stracke says the company is staying away from loans being put up for sale amid the tumult in the $1.8 trillion private …

Economy Financial Times
Hospital attack in heart of Kabul shatters hopes of peace

Pakistan pauses offensive against Afghanistan but escalation feared after Chinese diplomacy fails to ease tensions

Economy Financial Times
Two shipments of Russian oil and gas head to Cuba in defiance …

First cargo on course to arrive on Monday as Donald Trump taunts communist island while administration engages in talks

Economy Financial Times
Game bird shooting in England faces stricter regulation

Government seeks to tighten rules governing the release of pheasants, grouse and partridges into the wild

Traders Bet on Two ECB Hikes This Year as Energy Prices Jump
Economy Bloomberg
Traders Bet on Two ECB Hikes This Year as Energy Prices Jump

Traders are fully pricing two interest-rate hikes from the European Central Bank this year, as an attack on Iranian gas assets revives fears of an …

Economy Financial Times
Ingredients for a successful LBO: lots of equity, and some Trump stardust

The financing of Electronic Arts is the biggest of its kind since the financial crisis

Bank of Canada Holds Rates, Looks Through Near-Term Oil Risk
Economy Bloomberg
Bank of Canada Holds Rates, Looks Through Near-Term Oil Risk

The Bank of Canada held interest rates steady, saying it would “look through” the Middle East war’s immediate inflation impact as it kept focus on …

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