The Bank of England warns the Iran war could trigger a financial crisis, with rising mortgage costs, inflation and market volatility hitting UK households. Read more: Bank of England warns Iran war could trigger financial crisis risks
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SpaceX is preparing for what could become the largest stock market debut in history after confidentially filing for an initial public offering that may value the company at more than $1.75 trillion. Read more: SpaceX files for record-breaking IPO with $1.75tn valuation target
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London food suppliers face rising costs and disrupted imports as the Iran war drives up fuel prices and strains global supply chains. Read more: Iran war drives up costs and disrupts supply for London’s food markets
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Barclays is scaling back lending to smaller borrowers after losses linked to private credit firm collapses, shifting focus to larger corporate clients. Read more: Barclays pulls back from small business lending after private credit losses
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UK borrowing costs surge to highest since 2008 as gilt yields hit 5%, driven by energy price spikes and inflation fears linked to Middle East conflict. Read more: UK borrowing costs hit highest level since 2008 as markets reel from energy shock
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Singapore’s Temasek, via CapitaLand, has agreed a £1bn deal for Access Self Storage, highlighting strong overseas demand for UK property assets. Read more: Singapore wealth fund targets £1bn takeover of UK self-storage chain
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UK government report on copyright and AI signals retreat from opt-out reforms, prioritising transparency and licensing. What it means for SMEs, creators and tech firms. Read more: UK government backs away from AI copyright overhaul as licensing emerges as the battleground
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Visa, the Abu Dhabi Investment Authority and a subsidiary of the Qatar Investment Authority are anchoring the IPO by purchasing up to $220m of PayPay’s shares upon debut The post SoftBank’s PayPay prices IPO below range at $16 a share appeared first on Gulf Business.
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The International Energy Agency is considering the largest release of emergency oil reserves in its history as markets reel from supply disruptions linked to the war with Iran. The post IEA considers largest oil reserve release in history — here’s what it means appeared first on Gulf Business.
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Under the current pricing policy, retailers are not allowed to increase the prices of these items without prior approval from the ministry The post Onion, tomato prices rise: Here’s how UAE authorities are responding appeared first on Gulf Business.
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