What does Trump’s Truth Social post after gas field attacks tell us about US-Israeli alignment? ...
The world’s biggest economy is in uncharted territoryThe world’s biggest economy is in uncharted territory
The News Jerome Powell came in hot yesterday, as central bankers go: Flatlining job growth is “what the economy needs” given “nonexistent growth in the labor force, which we’ve never had in our history,” he said yesterday. “That is balance [but] not a really comfortable balance.” It was a remarkable ...
In the Iran war, the Gulf’s shock absorber is still oilIn the Iran war, the Gulf’s shock absorber is still oil
Alaa’s view Gulf states have spent the past decade trying to reduce their reliance on oil and gas. But when they begin counting the costs of the Iran war, it is still hydrocarbons – and the vast wealth built on them — that will cushion the economic shock. The war ...
This is the moment for an ‘Arab NATO’This is the moment for an ‘Arab NATO’
Hadley’s view With Iran now threatening vital economic lifelines across the Gulf — including airports, energy infrastructure, and ports — the idea of collective defense is gaining ground. The notion isn’t new, but it has stalled for decades. The region could use that cooperation now. Qatar’s former prime minister Hamad ...
Gulf banks prepared for mass withdrawals, for nowGulf banks prepared for mass withdrawals, for now
In a worst-case scenario, $307 billion could be withdrawn from Gulf banks by local residents, according to S&P Global Ratings. Regional banks have about $312 billion in cash or at central banks to cover such outflows, but may be forced to cash out some investments to maintain liquidity. The ratings ...
Saudi Arabia touts ‘capabilities’ in warning to IranSaudi Arabia touts ‘capabilities’ in warning to Iran
Gulf patience is not unlimited. This was the main takeaway from an overnight press briefing by Saudi Foreign Minister Prince Faisal bin Farhan, after he hosted his counterparts from the Gulf and the wider region in Riyadh. The kingdom was under fire as they met, with the loud booms of ...
Are US and Israel in lockstep in Iran war? Deciphering Trump’s post after gas field attacksAre US and Israel in lockstep in Iran war? Deciphering Trump’s post after gas field attacks
What does Trump’s Truth Social post after gas field attacks tell us about US-Israeli alignment? ...
Bank of England ‘ready to act’ as it warns Iran war ‘shock’ will push up inflationBank of England ‘ready to act’ as it warns Iran war ‘shock’ will push up inflation
Policymakers vote unanimously to hold rates at 3.75% after the Iran war prompts a reversal in the debate over borrowing costs. ...
US messageboard 4Chan mocks £520,000 fine for UK online safety breachesUS messageboard 4Chan mocks £520,000 fine for UK online safety breaches
The fine includes £450,000 for lack of age checks to prevent children from seeing pornography. ...
How Europe sleepwalked into yet another energy crisisHow Europe sleepwalked into yet another energy crisis
It is not the first time that there has been deep energy-linked frustration in the heart of Europe. ...