Breaking News

UK PM Keir Starmer visits Gulf to shore up ‘fragile’ US-Iran ceasefire
As UK PM Keir Starmer arrived in Doha as part of a Gulf tour he discussed efforts to secure the US-Iran ceasefire.

Italy’s Meloni Ousts Leonardo CEO, Renews Heads of Eni, Enel
Italian Prime Minister Giorgia Meloni ousted the chief executive officer of Leonardo SpA, the state-backed aerospace and defense contractor, while retaining CEOs at energy firms Eni SpA and Enel SpA.

Gold Heads for Weekly Gain as Traders Weigh Iran Truce Prospects
Gold was headed for a third weekly gain as hopes for a diplomatic resolution to the war in Iran and sustained buying by central banks outweighed persistent risks around inflation.

Shoppers feel crunch as price of produce climbs
The conflict in the Middle East is impacting the price of tomatoes, cucumbers and peppers in the UK.

White House staff told not to place bets on prediction markets
The gambling platforms have grown in popularity, with some users making wagers on conflicts.

Xi's $270 Billion Middle East Bet Limits China Support for Iran
Even as China remains one of Iran’s biggest diplomatic allies, President Xi Jinping’s support for the Islamic Republic is being constrained by a vast trail of Chinese capital across the Gulf.  China ramped up investment in the Middle East in the wake of the pandemic. Companies hit by a slump in the world’s No.

CATL Short Sellers at Risk of Squeeze on Earnings Surprise
An earnings beat by Contemporary Amperex Technology Co. Ltd. next week may set the stage for a short squeeze, after a surge in the battery maker’s shares on bets tied to soaring energy prices.