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Top Headlines from the UK Edition
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Middle East war live: Trump and Iran announce two-week ceasefire that will open Strait of Hormuz
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| Oil prices slide as Tehran says it will allow ‘safe passage’ through vital waterway |
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One in eight British residents has left UAE since Iran war, data shows
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| Departures from Gulf state raise concerns among school operators banking on growth in student numbers |
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The war to break Iran’s economy
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| Iranians fear Trump’s threats against ‘whole civilization’ are part of an onslaught on fabric of nation |
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Hedge funds make record bets against European stocks
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| Short positions rise sharply as traders eye economic fallout from Iran war |
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The future of global trade won’t depend on the Strait of Hormuz
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| A new infrastructure is being built rapidly to avoid the strategic chokepoint and ensure global energy and food security |
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Top Headlines from the International Editions
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The south-east Asian country at the sharp end of the energy crisis
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| In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China |
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Bill Ackman’s Pershing Square offers to buy Universal Music in €55bn deal
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| Proposed transaction would combine world’s largest music group with a blank-cheque company |
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Russian military hackers reroute British internet users’ traffic
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| UK National Cyber Security Centre warns that vulnerable routers will let attackers steal passwords and log-in details |
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The big state gamble on prediction markets
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| Fights over regulation could reshape the US federal system of government |
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Kanye West banned from entering UK after antisemitism dispute
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| Wireless Festival cancels event due to take place in London in July after US rapper is stopped from travelling to Britain |
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China’s new trade front with the world — services
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| The country is rapidly moving up the global ranks as an exporter of knowledge-intensive products |
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Guns and butter and credit
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| What the 1960s can teach us about our economy |
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Oil shock sorts cruise lines into the hedged and hedged nots
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| Carnival is paying the price for not locking in its fuel exposure when compared to competitors |
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IMF warns of emerging markets’ exposure to ‘flighty’ hedge funds
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| Non-bank lenders rapidly reduce holdings of EM debt during shocks such as the Iran war, analysis suggests |
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BP chair faces re-election battle after board blocks climate resolution
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| Glass Lewis recommends voting against Albert Manifold at annual meeting, while L&G also plans to oppose him |
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Anthropic rolls out cyber AI model days after source code leak
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| Claude Mythos opened to Amazon, Microsoft and Apple to detect hidden software vulnerabilities |
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Elon Musk struggles to crack the Indian market
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| More diplomacy by entrepreneur might be needed amid regulatory challenges and domestic competition to his businesses |
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Italian government poised to replace Leonardo’s CEO who oversaw order surge
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| Move comes as Roberto Cingolani’s three-year term at defence group expires next month |
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Bill Ackman strikes a chord with Universal bid
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| But financier needs the backing of Vincent Bolloré and his Vivendi media group |
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Aldermore Bank put up for sale after owner attacks UK car finance redress scheme
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| South Africa’s FirstRand says industry-wide £9.1bn programme is ‘deeply flawed’ |
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Sudan’s grassroots groups — a model in the midst of war
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| The Emergency Response Rooms are a template for aid delivery elsewhere |
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Why an airport water-art display may spark US airline consolidation
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| JetBlue’s viability as a standalone entity hinges on a plethora of factors it has little control over |
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Lessons for the AI revolutionaries from Francis Bacon
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| His project of mastering nature contains a warning for the excesses of our technological age |
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The Iran war shock is about half the size of Covid-19
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| An assessment almost six weeks into the latest global economic crisis |
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Don’t forget the Mag 7
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| Still a third of the S&P 500 — and wobbling a bit |
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Where to eat in east London, by restaurateur Dom Hamdy
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| The man behind some of London’s coolest eateries shares his favourite tables in his corner of the capital |
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