How the world is preparing for oil shortages
Gulf monarchies raised almost $10bn in private sales of bonds this month, oil shortages are coming if the Strait of Hormuz stays closed, and US President Donald Trump has renewed his threat to fire Fe...
16 Apr 12min
PwC plans overhaul of consulting business
Ships are altering course as the US Navy’s blockade of the Strait of Hormuz continues into its third day, and PwC plans to overhaul its global consulting business. Plus, insurers are turning to catast...
15 Apr 11min
OpenAI investors question its valuation
A key UK government official says Britain’s leaders have shown a “corrosive complacency” towards defence, OpenAI’s $852bn valuation is under increasing scrutiny from its own backers and fixed-income t...
14 Apr 11min
Hungary ousts longtime prime minister Viktor Orbán
Hungary’s prime minister Viktor Orbán concedes, US President Donald Trump says America will launch a naval blockade of the Strait of Hormuz after peace talks with Iran failed, and Wall Street banks ar...
13 Apr 12min
US-Iran war boosts used electric vehicle sales
Shipping through the Strait of Hormuz remains at a standstill, sales of used electric vehicles are surging in the US, and the International Monetary Fund is warning that the war’s shocks will be felt ...
10 Apr 12min
The oil market navigates a shaky ceasefire
The Middle East ceasefire is strained, the FT’s Jamie Smyth explains how the uncertainty is hitting oil markets and Pakistan has become a mediator between the US and Iran. Plus, the data chief of the ...
9 Apr 11min
US and Iran agree to two-week ceasefire talks
US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz, hedge funds made record bets against European...
8 Apr 12min
China lends Cuba a helping hand
The US and Iran rejected each other’s peace proposals, EU officials are urging governments to avoid excessive support to offset surging energy prices, and the value of buyouts by private equity groups...
7 Apr 10min
