The spectre of stagflation
War in Iran threatens to hit growth and confidence, deepen governments’ unpopularity and hurt public finances
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Hong Kong weighs ‘big bang’ tax cuts for asset managers
Expansion of carried interest regime could mean zero levies on performance fees at hedge funds
Oil volatile as Iran lays out own terms to end conflict
Tehran rejects reports of US talks, while White House says ‘elements of truth’ to Washington offering peace plan
SpaceX boosts IPO ambition with plans to raise $75bn
Elon Musk’s rocket company told investors it hopes to go public with a $1.75tn valuation
Republicans back Iran war even as voters feel ‘Biden-level’ petrol price pain
Lawmakers aim to reassure constituents that cost increases are temporary
The other Strait of Hormuz shock
Disruption to commodities far beyond oil and gas will have a long-lasting impact