Digital euro project clears key hurdle ahead of European parliament vote
MEP in charge of assessing the project is due to circulate a report fully backing an electronic version of the single currency
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Investors seek ‘pain point’ that pushes Trump into policy pivots on Iran war
Also in today’s newsletter, Scott Bessent discussed ways to recast ties between Fed and Treasury in BoE’s image
Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate
The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated.
Barrick delays Pakistan mega mine as Iran conflict rattles region
Development of $9bn copper and gold project pushed back as Middle East war adds to worsening local security situation
Could New York’s climate rethink spread to other blue states?
Democratic officials are reassessing targets as concerns grow over energy affordability
Private credit rating agency hits back at ‘incendiary allegation’ by SEC
Egan-Jones claims US regulator harmed its business with publication of order this week