German lender says it applies ‘conservative underwriting standards’ in €26bn portfolio as concerns mount about wider industry

Global crude output will fall to lowest level in four years, energy agency warns in report

Ships and energy infrastructure in the Gulf hit by new wave of strikes

Saudi pipeline allows ships to avoid perilous Strait of Hormuz but they will have to brave hotspot for Houthi attacks

US company objects to use of British entrepreneur’s name in her collaboration with Zara

Not since the Suez Crisis has the IDF fought alongside an ally in a major military offensive

It depends on its damage to the target, potential for blowback and durability

Iraq has long been a battleground for Tehran and Washington’s interests. Now a murky conflict has broken out once again

Chair of Swiss private capital group warns pace could double to above 5% in coming years

Glendon Capital Management says debts are marked higher than similar publicly traded securities

Investor exodus highlights growing unease about the sector