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...
• Recent geopolitical tensions are fundamentally altering maritime shipping routes for energy commodities worldwide.
• Energy shipping companies are implementing agile strategies to navigate heightened tensions and supply chain disruptions.
• The shift in maritime logistics has broader implications for global energy prices and international trade networks.
Woman assaulted after man was given key card to her room criticises CEO Jo Boydell over cancelled meetingA woman who was sexually assaulted by a man who was handed a key card to her room at a Travelodge has said she was shocked to learn the hotel chain’s boss cancelled a meeting with a group of MPs seeking to discuss concerns about the case.More than 20 MPs had demanded the meeting this month to discuss the matter – including details of the chain’s security processes and procedures that led to it offering the victim an “insulting” £30 refund after the incident. Continue reading...
Broadcaster takes Kiis FM to court to argue licensee was wrong to terminate him for serious breach of contractFollow our Australia news live blog for latest updatesSign up for Guardian Australia’s free weekly media newsletter hereKyle Sandilands’ court case was not an occasion for a “royal commission” into his career and he just wants to get back to work quickly, the shock jock’s lawyers have told the federal court.Sandilands, who was earning $10m a year to front the Kyle and Jackie O Show, has taken Kiis FM to court to argue the licensee, Commonwealth Broadcasting Corporation (CBC), was wrong to terminate him for serious breach of contract earlier this month. Continue reading...
Dayton Webber’s former playing partner says: ‘Dayton has a great family, and I care about that family. Yet obviously, there is somebody [who] died’The former doubles partner of a professional, championship-winning cornhole player who had his four limbs amputated in his infancy and is now accused of a deadly shooting says he was shocked to learn about the case, calling it an instance of at least two families being torn apart in one fell swoop.“I’ve been mad, sad – it sucks,” Mike Hoffman said of his past cornhole teammate Dayton Webber during a telephone interview on Tuesday. Continue reading...
PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailoutMinisters are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come.The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the economic fallout of the Middle East crisis. Continue reading...
Fatih Birol says effects on energy markets from Iran bombings and closure of strait of Hormuz not initially understood by world leaders. Plus, feminist magazine reclaims Charlie Kirk-style campus toursGood morning.The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout from Russia’s invasion of Ukraine, the head of the International Energy Agency has said.Why is the ex-CIA chief Leon Panetta in the news? He has spoken out about Donald Trump’s attack on Iran, telling the Guardian the US president is “sending a message of weakness” to the world.What’s the latest in Iran? Its government is threatening to lay mines across entire Gulf if its coasts are attacked.This is a developing story. Follow our liveblog here.What happened? The aircraft hit the fire truck while travelling at about 24mph, according to the flight-tracking website Flightradar24. In the moments before the crash, an air traffic controller could be heard giving clearance to a fire vehicle to cross part of the runway, then trying to stop it. The controller can then be heard quickly diverting incoming aircraft from landing. Continue reading...
Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leadersMiddle East crisis live – latest updatesThe global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout of Russia’s invasion of Ukraine, the head of the International Energy Agency has warned.Fatih Birol, the IEA’s executive director, said the growing fallout could be seriously compounded through interuptions to the “vital arteries of the global economy”, including petrochemicals, fertilisers, sulfur and helium. Continue reading...
• All major central banks adopted hawkish stances last week as energy market disruptions reignited inflation concerns, prompting global reassessment of monetary policy outlooks and eliminating prior rate-cut expectations.
• U.S. Federal Reserve rate cut bets over the next 12 months have been priced out entirely, while most other advanced economies have begun pricing in additional rate hikes; the December Monetary Policy Report that implied a 25 basis point rate cut to 3.75% by Q4 2026 is now obsolete.
• The combination of persistent energy price shocks and hardening central bank stances creates a "brutal combo for risk assets," with the dollar index remaining anchored in the 96.00-100.00 range as USD risks remain skewed to the upside during periods of financial market stress.
Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more aboutGet our breaking news email, free app or daily news podcastThe International Energy Agency suggested Australia reduce road speed limits, restrict car use in big cities and encourage more working from home in a bid to nullify what it called the “greatest threat to global energy supply in the history of the world”.They won’t be the only interesting or offbeat ideas raised in federal parliament this week, as the Albanese government comes under pressure to find fixes – short-term and long-term – to the oil shocks seeing more bowsers run dry across the nation. Continue reading...
