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Trump lashes out at Pope Leo for criticism of Iran war

The head of the Catholic Church has emerged as a leading voice of opposition against US foreign policy

Repo; risk; credit hedge funds; warfare; renewables’ stablecoins; prediction markets; Mythos; and free jazz

Tisza party led by Péter Magyar projected to win two-thirds majority in crushing loss for EU’s longest-serving prime minister

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Ally-turned-foe has unseated Hungary’s long-serving leader

Plus, diversification is hard

We’d miss it if it went

Also in this newsletter: Brussels’ energy crisis remedies and Green Deal architect returns

Plus, Nest’s private credit mandate, US small caps jump and Rothko in Florence

Naval embargo designed to cut off Iran’s exports threatens to destabilise global energy markets

Also in today’s newsletter: Hormuz naval blockade and an AI Zuckerberg

Suggestions for how the US central bank can lower its influence in financial markets are coming thick and fast

Victoria Craig speaks to Marton Dunai and Akila Quinio

Utilities argued for additional increases to attract investors and avoid breaching licence conditions

The maker of Wegovy and Ozempic wants to learn lessons from consumer groups to crack the US market

Defence secretary gathers business leaders to discuss ‘rising threats’ to critical submarine infrastructure

Without the dollar, bad situations could be made even worse

The volatility of gilts is a big problem for the country and must be tackled

Wealth manager for billionaire Reimann family has overhauled its investment focus from consumer sector to insurers

Matteo Del Fante: ‘We have demonstrated that we are a market company’

New CEO wants to increase investment given concentration of wealthy potential clients in the Gulf

The disintegration of the country would complete an arc of ungovernable lands across the Sahel

Adeela Crown shares her top lip balms, masks and plumpers

Muddy Waters founder says bets against US stocks will have ‘wind at their backs’ as technology upends markets