Can Anyone Govern Britain... Or America?

Turkey Could Be 'Next Iran' For Israel: US Envoy Scrambles To Calm Tensions Via Middle East Eye US Envoy Tom Barrack has downplayed escalating tensions between Turkey and Israel as just "rhetoric" and pushed for regional cooperation between the two countries in security and energy projects. Speaking during a panel at the Antalya Diplomacy Forum, Barrack pushed back against comments from some officials in both countries that suggested they could come into conflict in the near future. "I think Turkey is just not a country to be messed with," Barrack said. ​​​​​Handout: Antalya Diplomacy Forum via AFP Barrack said that...

Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter. *  *  * Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation. Faber reports that the liquidation was done “through one enormous trade." Roughly two-thirds of the assets...

BP Retreats Further From Green Energy With Archaea Sale Via City A.M., BP plans to sell Archaea Energy after the US biogas operation delivered weaker-than-expected returns. Second-quarter adjusted profit climbed to $5.7 billion as Middle East disruption lifted oil and gas prices. Meg O’Neill is simplifying BP’s portfolio, reducing debt and concentrating investment on its most profitable assets. BP has announced that it will offload its US biogas business just days after confirming its exit from the North Sea, as the firm looks to shift its focus back to core oil and gas products. The...