Jefferies reports new $10mn First Brands loss as it writes off exposure
Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier
British employers to be required to report ethnicity and disability pay gaps
Organisations with more than 250 staff will need to publish annual figures and earnings distribution rankings
Iraq summons US envoy over ‘heinous’ strike
Baghdad calls bombing of military base, which killed seven Iraqi soldiers, a violation of international law
South Africa’s police chief charged in corruption probe
Twelve senior officers also charged in investigation into award of health services contract
The other Strait of Hormuz shock
Disruption to commodities far beyond oil and gas will have a long-lasting impact
Wealthy student seeks anonymity over links to $2bn money laundering probe
National Crime Agency has frozen multimillion-pound assets of woman with ambition of working in banking
Senegal defends use of derivatives in €650mn of undisclosed borrowing
Cash-strapped nation says swaps gave it access to cheaper borrowing and denies deals were opaque
Odey says he was ‘the victim’ and denies trying to silence woman he groped
Cross-examination of financier continues in his case against UK regulator
Elliott offers Synopsys a masterclass in throwing its weight around
This chip design software maker could have and will have much bigger profits if the activist investor has anything to do with it
Tokenised stocks are coming, and ideally nobody will notice
Executives are touting the ability of real-time, blockchain-based settlement to transform trading and investment
Fed up with train delays, Germans are betting on how late they’ll be
Deutsche Bahn’s record low punctuality has inspired jokes, T-shirts and now a mock gambling platform
Meta and Google liable for harm to children’s mental health in landmark US case
Jury awards at least $3mn in damages with Instagram owner to pay the majority
Iran’s military leaders dismiss Trump’s deal claims
Military command says it will not ‘come to terms’ with US after Washington presents 15-point plan to end war
UK carbon dioxide plant to reopen over fears of shortages linked to Iran war
Business secretary has approved a £100mn plan to restart the Ensus plant in north-east England for three months initially
India sets climate plan with modest clean energy and emissions goals
Fast-growing nation remains conservative in targets for renewable energy
How the pandemic changed work
Also this week: why more of us need to take a chance on ‘out there’ ideas and innovations
Five-year UK mortgage rates now below two-year rates
Lenders withdraw more than 1,500 products so far this month as interest rate expectations shift
Poor hand assessment leads to missed opportunity to score highly
In NT contracts, 10s, 5-card suits, and 109 combinations are all worth additions to your valuation
Congress must not give Trump a blank cheque for the Iran war
Fulfilling the Pentagon’s request would allow the US to prolong and escalate the conflict indefinitely
Germany’s Uniper warns EU methane rules will hit Europe’s energy supplies
Gas importer says restrictions threaten ‘new layer of challenge’ to continent’s energy security
Italian PM Meloni looks for gas supplies in Algeria
Premier struggles to find alternatives to Qatari LNG shipments curtailed by Iran war
German finance minister clashes with Merz over taxes and women
Lars Klingbeil floats wealth and windfall taxes in bid to quell rebellion within his party
Henry V — resonant RSC production interrogates the price of conflict
Shakespeare’s history play is always a barometer of the times and this Stratford-upon-Avon production hits close to home
Markets were not made for Trump’s never-ending ping-pong
The chaos of the Iran war will have long-term consequences for investors and the dollar