Trump’s coalition of the unwilling
US allies have a right to avoid being sucked into a war they never sought
Economic news
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LME halts trading in ‘technical outage’
Trading on metal exchange suspended during period of high volatility in commodity prices caused by Iran war
UK plans to curb powers of financial services watchdog
Treasury proposes Financial Ombudsman Service reforms to prevent it acting as ‘quasi-regulator’
CRH to ditch London listing entirely following New York shift
Irish group cites low level of trading in London shares and the cost and regulatory burden of secondary listing
Prolonged Iran war threatens to magnify economic pain, BIS warns
Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices
Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.