Microsoft (MSFT) CEO to dismantle decades-long senior leadership structure; to create smaller and flatter teams, Business Insider reports

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IRGC says 35 ships passed through Strait of Hormuz over the past 24 hours

[CALENDAR ADDITION] Kevin Warsh will be sworn in as Fed Chair at a White House ceremony at 16:00BST/11:00EDT

Microsoft (MSFT) CEO to dismantle decades-long senior leadership structure; to create smaller and flatter teams, Business Insider reports

Germany will boost its raw-materials fund to reduce reliance on China, Bloomberg reports

[MARKET UPDATE] USD climbs, energy moves towards earlier highs and equity futures come under pressure as additional outlets pick up on the earlier Pakistan sources

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