PMIs Reveal Iran War Is Splitting Global Economy in Two

G7 Refuses Big-Spending Response to Iran War

Last week, G7 finance ministers and central bank governors convened in Paris to coordinate a response to the severe economic shock triggered by the Iran War and the disruption of the Strait of Hormuz. The resulting joint statement sent a definitive signal to the global market: there will be no return to the massive subsidy programs seen during the 2020 pandemic or the 2022 European energy crisis. Because governments are prioritizing fiscal responsibility to prevent another surge in inflation, businesses will have to absorb the brunt of rising costs on their own. This shift leaves no room for hesitation, meaning business leaders must rapidly adjust their pricing models and secure supply contracts without relying on state intervention. Every week on the What It Means for Business podcast, Glenshore's Amine Laouedj cuts through the noise of global economic headlines to explain what is happening, why it matters, and what business leaders should do to adapt. Available on Spotify and Apple. Date of production: 26 May 2026 Website: https://www.glenshore.com Spotify: https://open.spotify.com/show/1cMkx6YEc7c62gTVL0cq9D Apple: https://podcasts.apple.com/us/podcast/what-it-means-for-business-with-amine-laouedj/id1890948442 LinkedIn: https://www.linkedin.com/company/glenshore #AmineLaouedj #Glenshore #WhatItMeansForBusiness #WIMB #business #economy #news #podcast #G7 #IranWar #StraitOfHormuz #EnergyCrisis #Inflation #Macroeconomics #SupplyChain #InterestRates #Geopolitics #GlobalTrade Disclaimer: This material is produced by Glenshore, the boutique investment bank headquartered in London, specializing in cross-border M&A and strategic advisory. The analysis contained in this material reflects publicly available information as of the date of publication, sourced from official filings, academic literature, and verified secondary sources. No proprietary or non-public data has been used. The views expressed are those of Glenshore and are provided solely for informational and educational purposes. They do not constitute investment or financial advice and should not be interpreted as a recommendation to take any particular action. This material may contain forward-looking statements. Past performance is not indicative of future results. Glenshore makes no representations or warranties regarding the accuracy or completeness of this information and disclaims any liability arising from reliance upon it for any purpose. Any third-party names, trademarks, or logos referenced in this material are the property of their respective owners and are used strictly for identification purposes. This material may not be copied, distributed, published, or reproduced in whole or in part without the express written consent of Glenshore. © 2026 Glenshore Limited. All Rights Reserved.

Trump Visits Xi in Beijing - The Limits of US-China Decoupling Ambitions

Last week, US President Trump conducted a high-stakes state visit to Beijing to meet with Chinese President Xi, accompanied by a major delegation of business leaders. Although the summit concluded without any formally signed agreements, it signaled a profound shift in the global economy: the practical limits of US-China decoupling, the deliberate effort to reduce US economic and technological dependence on China. As the geopolitical landscape transitions toward a new equilibrium of managed interdependence, business leaders must urgently reassess their strategic assumptions. Every week on the What It Means for Business podcast, Glenshore's Amine Laouedj cuts through the noise of global economic headlines to explain what is happening, why it matters, and what business leaders should do to adapt. Available on Spotify and Apple. Date of production: 18 May 2026 Website: https://www.glenshore.com Spotify: https://open.spotify.com/show/1cMkx6YEc7c62gTVL0cq9D Apple: https://podcasts.apple.com/us/podcast/what-it-means-for-business-with-amine-laouedj/id1890948442 LinkedIn: https://www.linkedin.com/company/glenshore #AmineLaouedj #Glenshore #WhatItMeansForBusiness #WIMB #business #economy #news #podcast #USChinaRelations #Trump #XiJinping #BeijingSummit #Decoupling #SupplyChain #Semiconductors #RareEarths #Taiwan #Geopolitics #Macroeconomics #Nvidia #Apple #Tesla Disclaimer: This material is produced by Glenshore, the boutique investment bank headquartered in London, specializing in cross-border M&A and strategic advisory. The analysis contained in this material reflects publicly available information as of the date of publication, sourced from official filings, academic literature, and verified secondary sources. No proprietary or non-public data has been used. The views expressed are those of Glenshore and are provided solely for informational and educational purposes. They do not constitute investment or financial advice and should not be interpreted as a recommendation to take any particular action. This material may contain forward-looking statements. Past performance is not indicative of future results. Glenshore makes no representations or warranties regarding the accuracy or completeness of this information and disclaims any liability arising from reliance upon it for any purpose. Any third-party names, trademarks, or logos referenced in this material are the property of their respective owners and are used strictly for identification purposes. This material may not be copied, distributed, published, or reproduced in whole or in part without the express written consent of Glenshore. © 2026 Glenshore Limited. All Rights Reserved.

Australian Central Bank Raises Interest Rates for the Third Time

Last week, the Reserve Bank of Australia announced its decision to raise its base interest rate from 4.10% to 4.35%, marking its third consecutive increase this year. While other major central banks recently chose to hold rates, the RBA took action after observing early signs of second-round effects. The prolonged energy shock driven by disruptions in the Strait of Hormuz is no longer just raising fuel costs. It is now feeding into wages, rents, and unrelated goods and services. With the global expectation for cheaper borrowing costs now reversing, Australia's decision serves as a critical warning for what other major economies might face next. Every week on the What It Means for Business podcast, Glenshore's Amine Laouedj cuts through the noise of global economic headlines to explain what is happening, why it matters, and what business leaders should do about it to adapt. Date of production: 11 May 2026 Website: https://www.glenshore.com Spotify: https://open.spotify.com/show/1cMkx6YEc7c62gTVL0cq9D Apple: https://podcasts.apple.com/us/podcast/what-it-means-for-business-with-amine-laouedj/id1890948442 LinkedIn: https://www.linkedin.com/company/glenshore #AmineLaouedj #Glenshore #WhatItMeansForBusiness #WIMB #business #economy #news #podcast #InterestRates #CentralBanks #ReserveBankOfAustralia #FederalReserve #ECB #Inflation #SupplyChain #Macroeconomics #Stagflation #EnergySecurity #StraitOfHormuz #MiddleEast #OilPrices Disclaimer: This material is produced by Glenshore, the boutique investment bank headquartered in London, specializing in cross-border M&A and strategic advisory. The analysis contained in this material reflects publicly available information as of the date of publication, sourced from official filings, academic literature, and verified secondary sources. No proprietary or non-public data has been used. The views expressed are those of Glenshore and are provided solely for informational and educational purposes. They do not constitute investment or financial advice and should not be interpreted as a recommendation to take any particular action. This material may contain forward-looking statements. Past performance is not indicative of future results. Glenshore makes no representations or warranties regarding the accuracy or completeness of this information and disclaims any liability arising from reliance upon it for any purpose. Any third-party names, trademarks, or logos referenced in this material are the property of their respective owners and are used strictly for identification purposes. This material may not be copied, distributed, published, or reproduced in whole or in part without the express written consent of Glenshore. © 2026 Glenshore Limited. All Rights Reserved.

Central Banks Hold Interest Rates

Last week, five central banks announced their decisions to hold interest rates. The Bank of Japan, the US Federal Reserve, the Bank of Canada, the European Central Bank, and the Bank of England all chose to stop cutting rates as disruptions in the Strait of Hormuz push oil prices above $110 a barrel, with a temporary high of $126. The global expectation for cheaper borrowing costs has vanished. All five are now facing the same challenge: inflation driven by a supply shock they cannot fix, in economies too fragile to absorb a rate increase. Every week on the What It Means for Business podcast, Glenshore's Amine Laouedj cuts through the noise of global economic headlines to explain what is happening, why it matters, and what business leaders should do about it to adapt. Date of production: 5 May 2026 Website: https://www.glenshore.com Spotify: https://open.spotify.com/show/1cMkx6YEc7c62gTVL0cq9D Apple: https://podcasts.apple.com/us/podcast/what-it-means-for-business-with-amine-laouedj/id1890948442 LinkedIn: https://www.linkedin.com/company/glenshore #AmineLaouedj #Glenshore #WhatItMeansForBusiness #WIMB #business #economy #news #podcast #InterestRates #CentralBanks #FederalReserve #ECB #Inflation #SupplyChain #Macroeconomics #Stagflation #EnergySecurity #StraitOfHormuz #MiddleEast #OilPrices Disclaimer: This material is produced by Glenshore, the boutique investment bank headquartered in London, specializing in cross-border M&A and strategic advisory. The analysis contained in this material reflects publicly available information as of the date of publication, sourced from official filings, academic literature, and verified secondary sources. No proprietary or non-public data has been used. The views expressed are those of Glenshore and are provided solely for informational and educational purposes. They do not constitute investment or financial advice and should not be interpreted as a recommendation to take any particular action. This material may contain forward-looking statements. Past performance is not indicative of future results. Glenshore makes no representations or warranties regarding the accuracy or completeness of this information and disclaims any liability arising from reliance upon it for any purpose. Any third-party names, trademarks, or logos referenced in this material are the property of their respective owners and are used strictly for identification purposes. This material may not be copied, distributed, published, or reproduced in whole or in part without the express written consent of Glenshore. © 2026 Glenshore Limited. All Rights Reserved.

PMIs Reveal Iran War Is Splitting Global Economy in Two

The Purchasing Managers' Index (PMI) is an economic indicator derived from monthly surveys sent by S&P Global to thousands of business executives. As the conflict in the Middle East continues, the latest data reveals a global economy moving in two different directions: the Eurozone sliding toward stagflation, while the US and UK utilize domestic energy advantages to maintain growth. Every week on the What It Means for Business podcast, Glenshore’s Amine Laouedj cuts through the noise of global economic headlines to explain the mechanics behind the data and deliver the specific, actionable insights business leaders need to adapt to a changing world and protect their margins. Date of production: 27 April 2026 Website: https://www.glenshore.com LinkedIn: https://www.linkedin.com/company/glenshore #AmineLaouedj #Glenshore #WhatItMeansForBusiness #WIMB #business #economy #news #podcast #Eurozone #Stagflation #EnergySecurity #PMI #SupplyChain #GlobalTrade #Macroeconomics Disclaimer: This material is produced by Glenshore, the boutique investment bank headquartered in London, specializing in cross-border M&A and strategic advisory. The analysis contained in this material reflects publicly available information as of the date of publication, sourced from official filings, academic literature, and verified secondary sources. No proprietary or non-public data has been used. The views expressed are those of Glenshore and are provided solely for informational and educational purposes. They do not constitute investment or financial advice and should not be interpreted as a recommendation to take any particular action. This material may contain forward-looking statements. Past performance is not indicative of future results. Glenshore makes no representations or warranties regarding the accuracy or completeness of this information and disclaims any liability arising from reliance upon it for any purpose. Any third-party names, trademarks, or logos referenced in this material are the property of their respective owners and are used strictly for identification purposes. This material may not be copied, distributed, published, or reproduced in whole or in part without the express written consent of Glenshore. © 2026 Glenshore Limited. All Rights Reserved.