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Andrew Bailey

Andrew Bailey

Governor of the Bank of England

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  • 5d ago

    Markets Rally on Hopes of U.S.-Iran Ceasefire Extension and Hormuz Reopening as Trump Weighs Final Decision

    Global markets surged toward record highs and oil prices suffered their steepest weekly drop in months on Friday, driven by reports that the U.S. and Iran have reached an outline for a 60-day ceasefire extension and the reopening of the Strait of Hormuz, pending President Trump's final approval.

Today’s Brief

Kuwait burns, Congress counts votes

Trump strains ceasefire as Iran hits Kuwait and Congress votes to curb war

The Middle East truce frayed in public, not in secret. Iran, the United States, Israel and Hezbollah all kept moving while Washington lawmakers tried to pull back the president's war powers.

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World · Updated 32m ago

Important

China and the West: decoupling

The EU's formal adoption of a mandatory outbound investment screening mechanism, combined with China's operational enforcement of its blocking statutes, creates an immediate and binding conflict-of-laws trap for multinational firms.

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