Could the energy shock kick-start green steelmaking?
Also in today’s newsletter: global gas flaring jumps to highest level since 2019
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U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
Big Tech leads sell-off in global stocks
Declines on Wall Street reverberate across global markets as SpaceX rally reverses
Private equity’s new vibe check
Buyout investors are recreating software products to gauge their competitiveness
Private equity-owned vet group IVC spends £34mn on UK competition probe
Conclusion of industry-wide investigation by Competition and Markets Authority paves way for IPO
Private equity bosses turn to carried interest loans as payouts stall
Requests to borrow against future shares of profits are multiplying, as the buyout market remains slow