Greater

Battle of the blockades may still have more time to run as both the US and Iran try to assert control over the strait of HormuzDonald Trump’s decision to extend the naval blockade of Iran indefinitely may do nothing to reduce world oil prices – but it could amount to a recognition that further US military escalation in breach of the nominal ceasefire comes with greater risk against a regime disinclined to surrender.In theory, Trump’s military options are increasing. A third US carrier strike group, the George HW Bush, is due to arrive in the Middle East within days after rounding South Africa. A second taskforce of 2,500 US marines is sailing from the Pacific and is due to arrive by the end of April. Continue reading...

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...

Exclusive: Chris Bryant says policy agreements are being done in bits and pieces but a greater vision is needed by both sidesIt was all smiles and warm handshakes when the two men in charge of renegotiating the UK’s relationship with the EU met in Brussels this week.Maroš Šefčovič and the UK minister for EU relations, Nick Thomas-Symonds, sharing a stage on the third floor of the vast European parliament building, were at pains to show the cross-Channel relationship was in a good place after years of rancour. Continue reading...

Changes revealed by Andy Burnham to support night-time economy follow rapid growth in ridershipNight buses will run to every borough in Greater Manchester as the city region expands its publicly controlled Bee Network.The mayor, Andy Burnham, announced a number of new services alongside figures showing rapid growth in ridership since buses were taken back under public control in 2023. Continue reading...