Iran Contradicts Trump and Says No Direct Talks to End War
Iran publicly rejected the notion of direct negotiations to end the ongoing Middle East conflict, directly contradicting former President Donald Trump's earlier assertions that Tehran was engaged in peace talks. The Iranian foreign ministry emphasized that any diplomatic efforts must involve regional actors and the United Nations, not bilateral talks with the United States. No concrete timeline or framework for a cease‑fire was offered, underscoring the stalemate. The article also notes FT subscription pricing, with plans ranging from €1 ($1.08) to €75 ($81) per month.
The War over Tail Risks Is in Full Swing
The Financial Times’ piece "The war over tail risks is in full swing" highlights a growing clash between financial institutions, regulators, and investors over how to measure and mitigate extreme, low‑probability events. It notes that banks and insurers are facing...
US Has Burned Through ‘Years’ of Munitions Since Start of Iran War
The United States has reportedly exhausted ammunition stockpiles equivalent to several years of supply since the onset of the Iran‑related conflict earlier this year. Defense officials cite accelerated use of precision‑guided munitions, artillery shells, and air‑to‑air missiles supporting regional operations...
Germany Seeks to Emulate Japan in Shoring up Critical Minerals
Germany announced a new initiative to secure critical minerals, mirroring Japan’s long‑standing strategy of supply‑chain resilience. The plan includes a €3 billion fund for domestic mining, recycling and strategic stockpiles, aiming for at least 10% of key raw materials sourced locally...