


Tug of war over Trump’s Venezuela policy leaves investors guessing
Bond markets signal expectations of an eventual deal with Caracas but US officials seem divided

It’s time for the second draft of globalisation
Capital markets need to be better attuned to individual countries’ goals and the interests of workers

Texas Republicans fail in move to curb renewable energy projects
Backing for green programmes in oil-rich state bucks Donald Trump’s national fossil fuel push

Private credit could ‘amplify’ next financial crisis, study finds
Industry may become a ‘locus of contagion’ during market upheaval, report from US officials and bankers says

BlackRock-backed fintech raises funds to be ‘European Charles Schwab’
Financing round for Germany’s Scalable Capital values it at about €1.5bn