Writing the summary…
Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Source: CNBC
Original reporting
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CNBC
Texas turning blue may hinge on Democrats harnessing data center opposition
Data center opposition is reshaping Texas' 2026 governor and Senate races as voters raise concerns over power, water and utility costs.
BBC Business2 outlets
UK economy will grow by less than expected next year, OECD says
Higher energy prices due to the conflict in the Middle East and climate change could hit growth.
CNBC
Oil prices mixed after U.S. and Iran talk for hours at UN meeting
Oil prices were mixed Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.
CNBC
AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
Tekever is one of a number of European defense tech startups raising sizable rounds amid a rearmament campaign from countries in the region.
The Guardian
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks The Co-op has called on Andy Burnham ’s government to “create an environment where we have confidence and certainty to invest” which it needs to support “lifeline stores” in urban and rural communities across the UK. Kate Allum , the interim chief executive of the mutual who stepped in after the unexpected departure of Shirine Khoury-Haq last year, said: We have no intention of closing any lifeline stores. We have a big estate and we want to continue to invest but what we need is confidence. We don’t want unintended consequences of decisions. consumer confidence is pretty uncertain. We talk to our members all the time and the cost of living has been their number one concern for a significant period of time.
CNBC
South Korea pushes for Trump summit with renegade North Korea, seeing opportunity for peace
South Korea pushes for Trump summit with renegade North Korea, seeing opportunity for peace