In MACRO, OIL & MARKETS NEWS, Biden reacts to Iran dialling things up, the oil price implies that the situation isn't expected to escalate, Shell's latest threat could have major consequences and China's capital markets slow down. In BUSINESS & CONSUMER TRENDS NEWS, Serbia buys French fighter jets, Asahi moves towards non-alcoholic beverages, Jaguar becomes the latest carmaker to rein in EV eagerness, weather damage claims hit a new high, rents halve and drivers face price rises. In LEGAL NEWS, the UK rethinks AI legislation and legal changes could threaten David vs Goliath actions. In MISCELLANEOUS NEWS, CVC and Zopa consider respective IPOs and we see just how rubbish the Bank of England has been. AND FINALLY, I show you how to backflip...