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Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.

China’s flood of cheap exports is bolstering the case for emerging-market bonds by helping to keep inflation under control across the developing world, according to Pacific Investment Management Co.

Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios.

The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system.

Oil steadied after falling more than 3% in previous sessions following early progress in peace talks over the Iran war. A US waiver allows some sales from Iran, offering them a crucial economic lifeline. Rachel Ziemba, Founder of Ziemba Insights spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the energy markets response to the US-Iran talks. (Source: Bloomberg)

More ships are openly signaling their intention to traverse the Strait of Hormuz, pointing to growing confidence among shipowners and traders about sending vessels through the chokepoint as tensions ease.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)

Kalshi Inc. has added India to its list of restricted jurisdictions, weeks after the country’s technology ministry warned that prediction markets platforms were illegal and moved to curb access to such sites.