Sellers of luxury villas have wiped tens of millions of pounds off asking prices, with sales down 19% in May from the previous month Property sales in Dubai have fallen “off a cliff”, a leading market watcher has said, after war in the Middle East forced a dramatic slowdown in ...
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What’s in the US-Iran agreement?What’s in the US-Iran agreement?
The 14-paragraph memo includes an end to fighting, an agreement that Iran will never have a nuclear weapon, and a $300bn redevelopment package for Iran. ...
Trump defends Iran deal after markets forced his handTrump defends Iran deal after markets forced his hand
US President Donald Trump defended the Iran deal that offers several concessions to Tehran, saying Wednesday he wanted to avoid an “economic catastrophe.” It was an admission that the markets forced his hand, with the war driving up inflation and energy costs. Terms in the US draft include reopening the ...
The Fed’s Warsh era starts with a flurry of change, but steady ratesThe Fed’s Warsh era starts with a flurry of change, but steady rates
The News New Federal Reserve Chair Kevin Warsh rolled out many new initiatives at the central bank on Wednesday, from balance sheet management to public communications — and a potential rebrand for more hawkish policy. “I am pleased to report that members of the FOMC are unambiguous and unanimous: This ...
Trump praises Modi as ‘angel,’ ‘killer’Trump praises Modi as ‘angel,’ ‘killer’
US President Donald Trump said he would visit India soon, an apparent effort to smooth over rocky relations with New Delhi. At their G7 meeting Wednesday, Trump praised Indian leader Narendra Modi as an “angel” but “total killer,” referencing the yearlong tough negotiations that are yet to produce a trade ...
EU eyes unified China approachEU eyes unified China approach
The EU is increasingly united on the need for a tough approach to China. Europe has long been nervous about cheap, state-subsidized Chinese goods undermining the continent’s manufacturing industries. Paris has led efforts to respond, calling for new tariffs and other measures, but Berlin has been more wary, since Chinese ...
Global central banks grapple with warGlobal central banks grapple with war
Global central banks’ responses to the Iran war’s energy crisis reveal different underlying concerns. The US Fed held rates steady and hinted at future hikes; the ECB last week increased rates, as did Japan’s central bank on Tuesday, all of them trying to tamp down the Iran war-fueled inflation. While ...
What’s in the US-Iran agreement that’s now in effectWhat’s in the US-Iran agreement that’s now in effect
The 14-paragraph memo includes an end to fighting, an agreement that Iran will never have a nuclear weapon, and a $300bn redevelopment package for Iran. ...
Anthropic takes the path of most resistanceAnthropic takes the path of most resistance
Reed’s view Anthropic has, once again, found its future in the crosshairs of the Trump administration. None of this is necessary. The thing most people don’t realize is that Anthropic isn’t fundamentally opposed to the current administration’s economic goals. It isn’t the “woke” or anti-capitalist caricature that the administration has ...
Read the Iran deal, as told by the USRead the Iran deal, as told by the US
Islamabad memorandum of understanding between the United States of America and the Islamic Republic of Iran The United States of America and the Islamic Republic of Iran have jointly agreed in good faith on such and such a date on the following: Paragraph one: The United States of America and ...