Witkoff and Kushner to travel to Islamabad as hopes rise for Iran peace talks
US delegation wants to ‘hear Iranians out’ as Tehran’s foreign minister also confirms trip to Pakistan’s capital
Economic news
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Boots hopes its upcoming IPO will be bigger, bolder, more beautiful
UK retailer has grown sales at a steady 6% annually over the past five years
Amazon-backed nuclear developer X-energy surges in trading debut
Company taps rising demand for electricity from data centres to power AI boom
Private credit won’t spark the next financial crisis
A lower leverage ratio and limited links to banks mean that the sector is unlikely to pose a systemic threat
US health secretary’s son launches investment fund tied to health movement
Child of Robert F Kennedy Jr seeks $100mn in capital raise while touting links to ‘policy initiatives in government’
The limits on Bessent’s Treasury swap lines
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints