UniCredit’s bid for Commerzbank ends with a win and a puzzle
The market is awash with ideas on how Andrea Orcel secured nearly 18% of the German bank’s shares
National/regional news and analysis
FCA charges lawyer with insider trading over Seraphine sale
M&A solicitor who worked at Goodwin Procter’s London office accused of 5 counts of using inside information
FCA says lenders want to let ‘foxes guard the henhouse’ on car finance
UK regulator alleges in court filing that lenders want to determine own liability for compensation
Segro lays out defence as it battles £12.6bn takeover attempt by US rival
UK property group believes 925p a share offer by Prologis undervalues its warehouse and data centres business
Global Economic Output Looks Slower for 2026, IMF Says
The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices.
Iran’s environmental catastrophe has also wrecked its economy
For several decades, Iran has devoted substantial financial, institutional and political resources to military expansion. It has invested heavily in supporting its regional partners, as well as in pursuing geopolitical influence across the Middle East.
Previously, the Islamic Republic has shown few signs of swivelling its resources toward fixing its ever expanding environmental problems.
Surge pricing is broken – but there’s a smarter way to match gig workers with consumers
Surge pricing is unpopular with consumers and drivers alike, but there are ways to reduce its inherent inefficiencies.
Officials downplay significance of Trump F-35 signal to Turkey amid fears of softer US sanctions
Greek officials have pushed back against the suggestion that US President Donald Trump plans to lift sanctions on Turkey allowing it to return to the F-35 procurement programme, in response to hints dropped by the president at the NATO summit in Ankara.
The Newton’s Cradle of credit today
‘Technicals have not merely supported fundamental pricing this cycle — they have displaced it’
U.S. Trade Deficit Widens in May on Record Goods Imports
Imports of foreign goods, including pharmaceuticals and equipment for data centers, hit a record high, pushing the monthly trade deficit to its highest level in over a year.
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