Russia and Ukraine Accuse Each Other of Violating Three-Day Ceasefire

Israeli forces continue to operate militarily in southwestern Syria, though exactly what they are attempting to accomplish is increasingly uncertain, with raids into Quneitra and Daraa Governorates involving ill-defined investigations of random homes or people. The weekend operation was near the town of Jamleh, and saw Israeli troops enter Syria to capture a group of […]

"Strain Is Spreading": FT Exposes Private Credit Distress At Decade Highs Since last fall, we have repeatedly flagged the private credit sector’s growing vulnerabilities. Earlier coverage detailed how the asset class ballooned into a $2-3 trillion opaque market after banks retreated from riskier lending, only to face a wave of high-profile defaults (First Brands, Tricolor), surging redemptions that forced gates at major vehicles, rising PIK usage, and AI-related risks to software-heavy portfolios. In February, the red flag got about as red as it gets... Private Credit Rocked By UBS Shock Outlook: Record "Cascading...