Balance

US president says strait will be opened as part of the deal, but Iran’s influential Fars news agency reports that vital waterway would remain under Iranian controlFull report: Trump says peace deal with Iran ‘largely negotiated’ with strait of Hormuz to openHello and welcome to our live coverage of the Iran war and the wider Middle East crisis.Donald Trump has announced that a peace deal with Iran “has been largely negotiated”, after calls with a Pakistani mediator, Gulf allies and Israel, potentially paving the way for an end to the war launched by the US and Israel in February. Continue reading...

• The European Central Bank (ECB) has released balance of payments and international investment position statistics for the euro area and its member nations. • The data highlights consistency in financial reporting, with 13 countries showing discrepancies below 1% of GDP and 14 countries maintaining discrepancies below 2% of GDP on the financial account side. • These statistics are critical for monitoring the economic stability and purchasing power of the single currency across the European Union.

• HSBC reported total wealth balances of $1.570 trillion in Q1 2026, up 12% year-over-year, driven by Asia's $1.068 trillion share growing at 14% pace. • The bank's 18.7% return on tangible equity (RoTE) fueled stock gains despite credit headwinds. • Strong Asia wealth performance signals resilience in regional private banking amid global economic shifts.

The earnings from the tournament in the US, Mexico and Canada will make it the most lucrative competition in the history of sport, even if some of the 48 competing countries say they are struggling to make ends meetA World Cup that Fifa’s president, Gianni Infantino, billed at the draw last December as “the greatest event that humanity has ever seen” will certainly be the most lucrative competition in sporting history.Fifa has spent the last few years upgrading its revenue projections, with the most recent financial report stating that the world governing body will make $13bn (£9.6bn) from the four-year cycle culminating in this summer’s tournament, almost $9bn of which will be brought in this year. Continue reading...

Electoral alliances expected to play vital role in number of contests including Paris and MarseilleVoting is under way in France in the second round of local elections – seenas a bellwether for next year’s presidential race – with cities including Paris and Marseille in the balance and both the radical left and far right hoping for gains.Most of France’s 35,000-odd communes elected their councils in the first round last Sunday, but in municipalities where the contest is tighter, including most large urban areas, the second round will be decisive, with electoral alliances playing a key role. Continue reading...