Category: Global

Central banks prepare for a long war

Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work

The age of the American Pharaoh

It would be strange if dynastic succession were not on Trump’s mind

HSBC profits hit by $400mn ‘fraud-related’ exposure

Loss came via Apollo lending to collapsed mortgage lender MFS

Reeves clashed with Bessent over Iran war criticism

Dispute between UK chancellor and US Treasury secretary underscores allies’ diverging stances on the conflict

Putin hunkers down for fear of assassination

Security around Russia’s president tightens after audacious drone attacks from Ukraine

America’s retail army now rules the stock market

Unbowed by the Iran war and other shocks, individual investors are buying their way to new heights of influence

Europe ‘naive’ in clinging to old economic model, says ...

EU must adapt to geopolitical reality shaped by US and China, says Belgium’s Pierre Wunsch

The law firm that shaped Wall Street and the world

With fewer than 300 lawyers, Wachtell racked up bumper profits and exercised outsize influence. Now its model is being challenged ...

Iran’s covert war on opponents abroad

Experts say Tehran is likely to eventually seek retaliation against senior figures over the US-Israeli war

Asia’s economic pain deepens as Iran war drags on

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Iran warns US Navy against entering Strait of Hormuz

Oil surrenders some gains after Washington denies claim that Tehran had struck an American warship

Singapore and New Zealand strike ‘world first’ supply-c...

Leaders call on their other partners to maintain global trade flows with similar agreements