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Iran war drives Panama Canal lane prices to record high

Asian buyers seeking western crude push bids five times greater than pre-conflict levels

Rising prices risk deepening the country’s deflationary trap rather than providing any escape from it

‘Savvy the Squirrel’ initiative comes as investors await clarity on eligibility of products in stocks-and-shares products

Oil rises back above $100 a barrel following incidents in waters close to Iran

Wale Edun leaves President Bola Tinubu’s cabinet less than a year before an election in one of Africa’s largest economies

CEO warns investors to expect ‘very significant’ spending increase on self-driving taxis, trucks, robots and chip factories

Also in today’s newsletter: an acid attack shakes Indonesia and Tesla profits rebound

US company’s equities had soared more than 400% in echo of Wall Street’s 2021 ‘meme stock’ craze

Request to Fifa is pitched as effort to repair US ties with country even as Iran says it is ready to participate

Money would come with equity warrants that could make government majority owner of struggling discount carrier

Indian authorities name UK start-up founder in criminal complaint over ties to collapsed electronics group

Treasury secretary says ‘numerous’ countries sought support amid economic fallout from Iran war

Fraud claims come amid escalating feud between the Trump venture and one of its biggest supporters

Liam Rosenior serves just three months of a five-and-a-half-year contract in London club’s latest managerial reshuffle

Consortium, which includes Prudential Financial, would help fund buyouts of defined-benefit schemes

U-turn by Brussels would be bitterly contested by environmental groups

US aircraft maker narrows losses and posts widest gap over European rival since 2018

Rivals may prefer to just watch him get into ever hotter water but buying his company outright gives them more certainty

Minister lacks ‘confidence’ in outsourcer’s ability to implement and transition to new operating model

Stuart Holloway formerly worked as a relationship manager at bank’s infamous SME unit

Pause may put a lid on full-blown war without stopping hostilities or easing energy crisis

How the technology will affect prices is still uncertain

Divisions over response to Middle East energy crisis evident at annual discussions held in Berlin