In BIG PICTURE NEWS, we look at the reaction and ongoing impact of the Iran war, the tariffs that just won't go away and US inflation. In BUSINESS TRENDS, warehouses are back in demand, Cliffwater becomes the latest private credit fund to cap payouts, a Goldman banker makes an embarrassing gaffe and Revolut finally gets a full UK banking licence. In EMPLOYMENT NEWS, Robert Walters sounds the alarm while Oracle and Atlassian make AI-related layoffs. AND FINALLY, I bring you some fantasy shoes!