Distressed-debt funds target private credit downturn as ‘greatest opportunity’ since 2008
Investors anticipate money-making bonanza as sector comes under strain
Economic news
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Netanyahu expands Israel’s invasion of Lebanon
Forced evacuation orders have displaced more than 1mn people in Lebanon
$270mn American E-3 Sentry warplane damaged in Iranian attack
Tehran accuses Washington of seeking talks while secretly preparing to invade
The Iran war will cement China’s superpower status
Beijing’s industrial prowess positions it for economic and diplomatic gains
Iran accuses US of seeking talks while preparing to invade
Iranian-backed Houthis say they had launched a second attack on Israel
In a world of $100 oil, fast fashion loses its defensive charms
Polyester-heavy retailers could soon start to feel the cost of their exposure to higher oil prices