How worried should Wall St be about the stablecoin threat to deposits?
The risk to US banks is real in theory but difficult to realise in practice
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Blackstone pulls in $69bn despite slump in private capital returns
Asset manager drew investors even as performance in private credit and buyout units suffered
Can the carbon removals market keep pace with the AI boom?
Demand for carbon credits is spreading beyond tech heavyweights, says CEO of major supplier
Toxic rain falls on Russian city after refinery blaze
Ukrainian drone strike on Rosneft plant prompts authorities to advise residents to stay indoors
These charts show how Iran’s economy is in freefall
Tehran’s hardline rhetoric belies a brutal reality facing the regime and Iranian citizens: its economy, vulnerable even before the war, is now in tatters.