Houthis seize Red Sea islands in lightning offensive
Latest advance against Saudi-backed forces cements Yemeni rebels’ control over vital shipping artery and roils energy markets
Economic news
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France’s debt interest bill to jump 25% this year
Finance minister Roland Lescure also downgrades GDP growth forecast for 2026
KPMG under investigation over audits for Prax’s State Oil arm
Big Four accountant, PKF Littlejohn and an unnamed individual to face FRC probe
Anglo nickel deal tests EU resolve over Chinese control of resources
China-backed MMG urges Brussels to approve $500mn transaction as European regulators prepare formal warning
IEA warns of ‘lost period’ in global oil demand
Strait of Hormuz will not reopen this year, agency says, warning of sharp drop in demand
Citadel hands international equities leadership to Elliott veteran Nabeel Bhanji
Ken Griffin’s hedge fund combines divisions as it seeks to deploy more firepower outside US