World Bank says preparing to deliver relief to EMs hit by the Iran war; ready to respond at scale
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Iran's Parliament Speaker Ghalibaf says that no one has the right to issue ultimatums to Iran or Iranians. Adds that the vicious cycle of 'war-ceasefire-war' must end.
Microsoft (MSFT) freezes hiring in major cloud and sales group; Azure Core pausing hiring to address gross margin gap, The Information reports
World Bank says preparing to deliver relief to EMs hit by the Iran war; ready to respond at scale
Iran wants the US to dial back demands in the 15-point peace plan before starting any talks, via WSJ citing sources; Iran is open to possibility of talks but deems the US proposals excessive
Spain and Algeria reportedly in talks to increase pipeline gas supply by up to 10%, according to source reports
On the Newsquawk feed at , 20 minutes before this page.
Context
The World Bank's announcement signals a proactive response to the economic fallout from the Iran war, particularly for emerging markets (EMs) facing increased instability. This preparedness could imply significant capital flows into EMs for stabilization efforts, potentially impacting commodity prices and risk sentiment across asset classes.
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