FT News Briefing Iran’s reformist(ish) future
5 snips
Jul 10, 2024 A missile strike in Kyiv reveals reliance on Western technology, raising geopolitical concerns. Investment banking shows signs of recovery despite economic hurdles. Fast fashion giant Shein is injecting €200 million to combat fashion waste while awaiting IPO approval. In Iran, newly elected president Masoud Pezeshkian may steer the nation toward reform, easing social restrictions and improving ties with the West, amidst internal resistance and economic challenges.
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Western Tech in Russian Missiles
- A Russian missile that destroyed a children's hospital in Kyiv used Western components.
- This highlights the limits of Western sanctions against Russia.
Mixed Bag for US Banks
- US banks begin reporting second-quarter earnings this week, with mixed expectations.
- High interest rates present both challenges and opportunities for the banking sector.
Investment Banking Resurgence
- Investment banking activity is expected to rebound due to stabilizing interest rates.
- This makes it easier for buyers and sellers to agree on company valuations.