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Drought in Panama and shipping attacks near Suez threaten supply chains at festive season

Non-proliferation regime under greatest pressure since end of cold war, says Rafael Grossi

Also in this newsletter: international tax treaty, IMF warns on deficits, ExxonMobil strikes a mega-deal

Antitrust action is hampering M&A in sector while groups also face more fines and higher compliance costs

Russian sanctions-busting since start of Ukraine war has boosted value of ageing tankers

Japan suffers worst day since 1987 while US and Europe also down

Nasdaq falls into correction as traders bet Federal Reserve will now have to cut rates more rapidly this year

ECB’s Lagarde says eurozone borrowing costs likely to fall in summer, later than markets expected

Oil prices decline over concerns about growth in world’s largest economy