Why are whales getting tangled up in ropes?

SummaryBritish lenders are responding to concerns from the Bank of England (BoE) regarding liquidity risks in the growing market for synthetic risk transfers (SRTs), where investors assume credit risk from banks for regular payments. The BoE has expressed worries about banks misclassifying financing tied to credit-linked notes, leading to potential undercapitalization of risks. With a June 11 deadline for responses, the BoE's intervention may affect financing costs and capital requirements for all banks involved in...

US restomodders Helderburg have introduced the Bellatrix, a $1 million luxury armored vehicle based on the classic Land Rover Defender. This limited-edition model features reinforced multi-layer glass windows, bullet-resistant body panels, and advanced defense systems, including electric shock door handles and pepper spray emitters. With an enhanced turbo-diesel engine and customizable interiors, production of the Bellatrix is set to begin, with deliveries expected from May 2026. Full Article

James Murray, Exchequer Secretary to the Treasury, has assured that efforts are ongoing to deliver raw materials to the Scunthorpe steelworks to maintain operations of the blast furnaces, expressing confidence that supplies are available in the country. He emphasized the importance of sustaining steel production in the UK to secure its future and attract private sector investment. In related news, a parliamentary report supported the police's actions during last summer's riots, while Labour MPs face...

Hay fever, often trivialized as summer sniffles, significantly affects a quarter of UK adults and can lead to severe health issues. Lisa Ventura experiences debilitating symptoms, particularly in June, where she cannot remain outdoors for long without suffering from intense sneezing and swollen eyes. The condition typically begins in early May and can be devastating for those affected, highlighting the need for greater awareness of its potential impact. Full Article

More than three years post-Russia's invasion of Ukraine, Europe's energy security remains precarious, with U.S. liquefied natural gas (LNG) temporarily filling the Russian supply void during the 2022-2023 crisis. As businesses express concerns over over-reliance on U.S. gas, some EU executives are reconsidering imports from Russian state giant Gazprom, despite the EU's pledge to end Russian energy imports by 2027. Amid stalled talks with Qatar and an insufficient pace of renewable energy deployment, Germany's chemical...

Nintendo is releasing dedicated Switch 2 versions of The Legend of Zelda: Breath of the Wild and Tears of the Kingdom, with an upgrade pack available for enhanced features via the Zelda Notes app. This app introduces new elements like achievements, a GPS map for secrets, and a daily bonus system, including the ability to repair equipment, which addresses fans' concerns about weapon durability. While weapon repair could disrupt game balance, it offers a limited...