The oil shock is testing private credit borrowers already burdened by high debt costs
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.
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Modi and Xi are set to meet at BRICS with trade and border issues in spotlight
A meeting with Prime Minister Narendra Modi would be the clearest test yet of the tentative post-2020 reset between Asia’s two largest economies.
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The world’s highest paid leader is set for a 64% pay rise. Here’s how others compare
Wong announced ministerial salaries will be adjusted upwards after 15 years, with his annual pay package rising to 3.6 million Singapore dollars
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UBS CEO flags investor complacency as geopolitical and economic risks mount
The UBS top boss cautioned that investors face an increasingly complicated environment given multiple headwinds.
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Sub-$100 smartphones becoming a rarity as AI memory prices soar
The days of the sub-$100 smartphone may be numbered, including in China.
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Further European rate hikes ‘very much dependent’ on energy costs, Bundesbank chief tells CNBC
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was “very much dependent on how the energy prices evolve.”
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Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried
Bankers are pressuring the British government ahead of its Autumn Budget, in which the newly minted leadership will lay out its fiscal plans for Britain.
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Trump says he has no regrets about starting the Iran war as U.S. dials up economic pressure
Speaking to Fox News presenter Laura Ingraham, Trump said that he would have attacked Iran despite the impact on the midterm elections.
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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
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Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI
AI researchers are warning that faster AI self-improvement could eventually make advanced systems harder for humans to control.