In IN BIG PICTURE NEWS, Trump threatens, Iran keeps attacking, Ukraine's drones limit Russia's oil windfall and we consider Britain's defences. In BUSINESS & INVESTMENT TRENDS, SMEs are to suffer the brunt of energy cost rises, new Rayner laws kick in, private equity buyouts fall, M&A megadeals face difficulties ahead and Jamie Dimon warns that private credit losses could exceed expectations. In MISCELLANEOUS NEWS, things are looking good for LG and Samsung, sales of used EVs in the US rise, fat jabs could result in more divorces and we look at AI bots as employers while concerns increase over stagflation potential. AND FINALLY, I bring you some French etiquette rules...