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Monzo Bank Ltd. reported a 44% jump in profit in the year through March, as growth in lending lifted interest income.

Fosun International Ltd. has picked banks for a planned Hong Kong initial public offering of holiday resort operator Club Med SAS, according to people familiar with the matter.

The UK’s cap on household energy bills is set to jump 13% this summer as the war in Iran drives up wholesale gas and power costs, adding to broader inflationary pressures weighing on the economy.

The amount of inflation priced into 10-year Treasury yields is a little hard to square with what the market is saying about price rises in the near term.
Either inflation is going to be high for a long time, and this is something that has changed in the past week or two, or 10-year yields have gone a little too far.
Yelena Shulyatyeva, Senior US Economist at The Conference Board, discusses inflation expectations and what happens if oil prices rise higher, for longer. (Source: Bloomberg)

EQT AB has won the mandate to manage a new European Union fund for investing in quantum computing, artificial intelligence and other deep tech companies, people familiar with the matter said.

A new era of elevated borrowing costs is potentially underway as war-driven inflation angst intensifies in the US bond market, sending 30-year yields toward a two-decade high above 5%.
Guneet Dhingra, Head of US Rates Strategy at BNP Paribas, discusses the recent yield surge and why 5% may become the new 4%. (Source: Bloomberg)

Investors are pouring money into commodities funds as the US-Iran war stokes inflation, according to Invesco Ltd.