Daily Morning Brief

Russian President Putin ordered temporary administration of Nestle and Auchan's local businesses, potentially leading to asset seizures amid the Ukraine conflict. This follows a pattern where Moscow has seized over $50 billion in foreign property since 2022.

Major central banks including the Fed, ECB, and BOJ are signaling further interest rate hikes to combat inflation driven by rising oil and gas costs due to Middle East conflicts. Analysts warn that sustained high energy prices could dampen GDP growth and household incomes through autumn.

OMV will proceed with its €600 million Austrian hydrogen project after partner Masdar withdrew due to strategic changes. The 140-megawatt electrolysis plant aims to produce 23,000 tonnes of green hydrogen by 2027, largely financed by the EIB and Austrian public funds.

Emirates Global Aluminium and Century Aluminum face delays on their $4 billion Oklahoma smelter project after local officials extended a permit moratorium until April 2027 pending a referendum, despite support from President Trump and the Justice Department.

Anthropic established a physical biology lab to advance AI-driven drug discovery, partnering with major pharma firms like Novartis and Roche. The company acquired Coefficient Bio to accelerate development of treatments for rare diseases.