Because

Analysis shows they are reliant on market investors such as hedge funds, which contributed $4tn last yearBusiness live – latest updatesEmerging economies are at greater risk of higher interest rates and currency shocks as a result of the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned.The IMF’s analysis shows that a cumulative $4tn flowed into emerging markets last year from outside the formal banking sector – including from hedge funds and investment funds. Continue reading...

While Pete Hegseth has mocked the ‘big bad Royal Navy’ the First Sea Lord has sounded the alarm about its readinessMiddle East crisis – live updatesThe US defence secretary, Pete Hegseth, had his tongue firmly in his cheek when he singled out the “big bad Royal Navy” in a recent press update on the US-Israeli attacks on Iran.Hegseth’s sarcastic comment was only the latest in a long line of jibes against the capabilities and readiness of the British Royal Navy. Continue reading...

Airline has hedged much of fuel into 2027, avoiding soaring prices, but costs likely to hit passengers by end of summerBusiness live – latest updatesThe boss of easyJet has said the war in the Middle East has started to hit flight bookings, while the soaring price of oil would probably mean a rise in air fares by the end of the summer.The chief executive, Kenton Jarvis, said that while the airline had hedged much of its fuel into next year, avoiding soaring kerosene prices, it was “unavoidable” that some of the costs would be passed on in fares. Continue reading...