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Why the Prospect of War With Iran Is Boosting Oil Prices

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Alphabet Is Selling 100-Year Debt as Part of a Big Bond Sale

That’s roughly how much petroleum flows through the Strait of Hormuz, a deep channel between Iran and Oman, each day, equivalent to almost a fifth of global oil demand.

Disrupting tanker traffic or shutting the strait altogether is one way Iran might seek to retaliate against a possible American strike, analysts say, which is why oil prices have jumped alongside the U.S. military deployment in the region. Earlier this week, state-affiliated media in Iran said the strait would partially close for “security precautions.”

Brent prices rose more than 1% Thursday, adding to recent gains that have taken the global oil benchmark from less than $60 a barrel in early January to over $70 a barrel this week.

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Allegion at Barclays Conference: Strategic Growth and Challenges

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Allegion at Barclays Conference: Strategic Growth and Challenges

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Prime Newcastle office The Spark signs up university as final tenant

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Arden University is moving into three floors at the building, taking it to full occupancy

The Spark office at Newcastle Helix

The Spark office at Newcastle Helix(Image: Avison Young)

A prime Newcastle office will be at full occupancy this year after a private university struck a deal to take over all of its remaining space.

Arden University, which has its head office in Coventry, has agreed a deal with property agents to move into 27,095 sq ft on the ground, first, second and third floors in early spring this year.

Based in the Helix development, The Spark forms part of a 24-acre mixed-use innovation hub which has been delivered through a partnership between Newcastle City Council, Legal & General and Newcastle University. The science and business park brings together office, residential and scientific uses, creating an internationally recognised cluster for research, education and business.

The Spark is already home to businesses including the region’s largest law firm Womble Bond Dickinson and National Audit Office (NAO). The agreement was struck by real estate advisor Savills, together with joint agents Avison Young, on behalf of landlord Legal & General.

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Greg Davison at Savills, joint letting agents for Legal & General, said the introduction of Arden University to Newcastle Helix builds on the growing cluster and introduces a new education offer to the city, while also underlining the strong demand for best-in-class office accommodation in Newcastle city centre.

He said: “Completing the final letting at The Spark is a fantastic result and demonstrates the depth of occupier demand for high-quality workspace at Newcastle Helix. Securing Arden University as the final occupier is a fitting conclusion to the successful leasing of this flagship building.”

Arden University started life in 1990 as part of moves to give all people equal opportunities for higher education. It began as the chosen online delivery partner for traditional universities, and in 2014 earned taught-degree awarding powers, and now awards its own degrees.

In 2015 it officially became Arden University, one of a handful of specialist online learning universities to launch in the last 50 years, and now provides flexible online and blended learning degree courses. Arden University was advised by James Andrew International.

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Carl Lygo, CEO and vice chancellor at Arden University, said: “We’re excited to launch our new campus in Newcastle. This opening reflects an exciting next step in the expansion plans of our fast-growing university, providing a modern, welcoming space for those looking to develop the skills they need to advance their careers in the city.

“Newcastle is a real hotbed for talent, and we look forward to welcoming students from across the city and wider region into our new campus.”

Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

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Ultra-rich families spend more on private investment firms as fortunes rise

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Ultra-rich families spend more on private investment firms as fortunes rise

Anciens Huang | Moment | Getty Images

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

As the world’s wealthiest pad their fortunes, they are spending more to run their private investment firms, according to a recent report by J. P. Morgan Private Bank.

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Family offices with at least $1 billion in assets spent an average of $6.6 million in annual operating costs, the bank’s survey found. The average cost has increased by $500,000 since JPMorgan’s previous family office poll conducted in 2023.

Family office consultant Kirby Rosplock said the rise in expenses is the natural result of the surge in wealth.

“Usually offices try to reduce their expense line items if they feel like their assets are shrinking,” said Rosplock, CEO of Tamarind Partners. “Most people don’t recognize that the volume of wealth created just in the last decade means that you need more heads, more bodies, more people to support more systems.”

William Sinclair, global co-head of J. P. Morgan Private Bank’s family office practice, credited much of the increase in expenses to rising compensation costs on investment talent, which are the largest portion of operating budgets.

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“There is a war for talent, and family offices are competing against other financial services and related businesses — private equity and hedge funds — if they’re trying to build out an investment team,” he said.

While family offices have embraced outsourcing, Sinclair attributes this more to talent shortage rather than defraying costs. About 80% of family offices reported outsourcing at least some of their portfolio, but only 28% of them said reducing costs or resource burden was a main factor for doing so.

When picking external advisors, factors such as desirable track records and access to private investments ranked much higher, according to the report.

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Natasha Pearl, a family office advisor, said some family office principals pay little heed to cost creep, prioritizing the confidentiality and control that comes with a single-family office versus using third-party vendors.

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Many principals of ultra-wealthy families also lose track of their expenses as they have multiple investment entities and holding companies, she added.

However, their children are more likely to get sticker shock, Pearl said. It’s common for heirs to consider consolidating costs or even unwinding the family office altogether after their parents pass, she said.

“The next generation will take a close look and say, ‘Whoa, our parents were paying that much money? We want that money,’” she said. “The next generation may have children of their own at that point or even grandchildren, given how long people are living, right? So, you know, they’ve got to be a lot more concerned about how to make that money stretch.”

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PayPal's Growth Reset Makes Sense – A Contrarian Gift After Meltdown

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Nebius: A Gift At Current Consolidation - Cloud Super Cycle Continues

PayPal's Growth Reset Makes Sense – A Contrarian Gift After Meltdown

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WRU will not conclude takeover deal for Cardiff Rugby until after the Six Nations

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It comes at Swansea Council ratchet up efforts to prevent the demise of the Ospreys

The Ospreys' future as a professional rugby team looks over unless Swansea Council and fans can overturn the current plan

The Ospreys’ future as a professional rugby team looks over unless Swansea Council and fans can overturn the current plan.(Image: Huw Evans Picture Agency Ltd)

The Welsh Rugby Union will not conclude a takeover of Cardiff Rugby until after the Six Nations, as Swansea Council continues to ratchet up efforts to convince the union to abandon plans to reduce the number of rugby regions from four to three.

The council confirmed on Wednesday that it was seeking a High Court injunction to halt the takeover of Cardiff Rugby – which the union acquired out of administration last year – by the current owners of the Ospreys, Y11 Sports and Media. The local authority said this was designed to allow discussions to take place while the current four-team regional structure remains in place.

The injunction was scheduled to be heard today. However, ahead of the hearing, the Welsh Rugby Union gave an undertaking to Swansea Council that it will not conclude any deal with Y11 before March 16, a few days after final weekend of the Six Nations.

READ MORE: Ambitious building society opens first ever branch in Welsh town ‘abandoned’ by banksREAD MORE: Seven new train stations for Wales as UK Government commits millions for rail

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The union confirmed Y11 as its preferred bidder for Cardiff Rugby in late January, which saw both parties enter into a 60-day exclusivity period – which could be extended – to try to finalise a deal. What is not clear is whether a deal could have gone unconditional before March 16, or whether it is tracking to be in a position for legal sign-off only after that date anyway.

If the union sticks to its current position – endorsed fully by its board and driven by its executive team – of reducing the number of clubs from four to three by Y11 effectively closing the Ospreys, Swansea would seek to reschedule the injunction hearing before March 16.

Last week the council also submitted a case to the Competition and Markets Authority (CMA), claiming the proposed takeover of Cardiff Rugby breaches competition law by unfairly restricting competition, reducing choice for supporters, and damaging Swansea’s economy.

The CMA has confirmed it has received a legal letter from the council. However, it has yet to decide whether the case has sufficient merit to proceed to the next stage, potentially involving a future judgment from the Competition Appeal Tribunal.

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It is possible that this could be clarified by the CMA before March 16. However, if the CMA has not made any determination by that point, the council would seek as long an injunction period as possible. If a CMA decision is not forthcoming before March 16, the WRU and Y11 would be at liberty to finalise a deal after that date.

Even if the CMA concluded it was taking Swansea’s case forward, the union could still potentially finalise a deal in the confidence that it could defend any future case alleging it had breached the Competition Act.

If there is no recourse via the CMA, the council could consider pursuing legal action. However, if it lost, it could face a counter-damages claim by the WRU, particularly if Y11 walked away from a deal for Cardiff Rugby due to legal uncertainty, leaving the union having to continue to fund trading losses. That does not appear to be the council’s strategy, but rather one of using all the levers at its disposal to get the WRU to perform a U-turn.

If there are to be only three regions, then for the continuation of a team in Swansea, new ownership of the loss-making Ospreys would need to be realised ahead of an exit by Y11. Leader of Swansea Council Rob Stewart is understood to be looking to attract interest from potential new investors. If it wished, the WRU could also approach parties that expressed interest in acquiring Cardiff Rugby before Y11 was announced as the preferred bidder.

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There is time, as four regions will continue for the 2026–27 season. However, any new Swansea-based region ownership could be conditional on winning a competitive bid with the Scarlets for the west Wales franchise from the WRU.

A spokesman for Swansea Council said: “The Welsh Rugby Union has this morning given written confirmation that it will not complete the deal with Y11 to buy Cardiff Rugby prior to March 16. It follows Swansea Council’s application for an injunction to pause the deal. The council is now awaiting a date for its injunction application to be heard at the High Court prior to March 16.”

The WRU also confirmed that it has given an assurance that a deal with Y11 for Cardiff will not take place before March 16.

It is being advised by law firm Northridge and barrister Jason Pobjoy KC.

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The union said it is also aware that Swansea Council has raised concerns relating to Welsh rugby with the UK Competition and Markets Authority (CMA) and that it will address such concerns with the regulator “proactively and appropriately”.

A spokesman for the union said: “The WRU Bbard has worked in good faith over the past two years to create a sustainable way forward for Welsh rugby, in light of the significant financial and performance challenges we all face.

“We appreciate that these are difficult and emotive issues for everyone involved, but our focus remains firmly on the long-term health of the whole game in Wales and on continuing to try to work constructively with all stakeholders, including Swansea Council.”

The council’s position is that it has had no discussions with the union since a meeting on January 22 between WRU chief executive Abi Tierney and Ospreys CEO Lance Bradley, along with Mr Stewart and a number of senior council figures, including chief executive Martin Nicholls. The local authority maintains that Y11 signalled in the meeting that the Ospreys would cease to be a professional region beyond the 2026–27 season.

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In its CMA case, the council says it has also been financially disadvantaged, having already committed £1.5 million to preparing St Helen’s for redevelopment, including the cost of relocating Swansea Cricket Club, which played at St Helen’s, to a new ground.

While not a legal agreement, the council has signed a pre-lease agreement with the Ospreys (Y11) for a 50-year lease at St Helen’s starting at an annual rent of £100,000, subject to inflation-linked reviews.

Speaking last week following the CMA submission, Mr Stewart said: “The WRU’s proposals would mean the end of the Ospreys as a professional men’s rugby region. This would be a huge blow to our city – economically, culturally and emotionally.

“Players, supporters, residents, community clubs and local businesses all deserve a fair and transparent process from the WRU. We cannot accept a situation where decisions are made behind closed doors to remove one of Wales’s four professional teams and leave Swansea without top-level rugby.

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“We are asking the CMA to step in urgently to protect competition and give our city and region the fair treatment it deserves.”

With regard to the CMA, Swansea Council is being advised by barristers Nick De Marco, Mark Vinall and Tom Watret of Blackstone Chambers.

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TD Cowen reiterates Buy on Checkpoint Software stock, $260 target

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TD Cowen reiterates Buy on Checkpoint Software stock, $260 target

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Google Urges Chrome Users to Update Immediately After Patching First Zero-Day Exploit of 2026

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Chrome

Google has released an urgent security update for its Chrome browser to address a high-severity zero-day vulnerability actively exploited in the wild, marking the first such flaw patched in 2026.

Chrome
Chrome

The vulnerability, tracked as CVE-2026-2441 and assigned a CVSS severity score of 8.8, is a use-after-free bug in Chrome’s CSS handling. It allows a remote attacker to execute arbitrary code inside the browser’s sandbox via a specially crafted HTML page, potentially leading to full compromise of affected systems if combined with other exploits.

Google confirmed the flaw was discovered and reported by security researcher Shaheen Fazim on Feb. 11, 2026. The company acknowledged that exploits for CVE-2026-2441 exist in the wild but provided no further details on the nature of attacks, affected victims or the threat actors involved.

The patch arrived in a Stable channel update released Feb. 13, 2026. Updated versions include:

  • Windows and macOS: 145.0.7632.75/76 (with later point releases up to 145.0.7632.77 as of Feb. 18-19)
  • Linux: 144.0.7559.75 (with subsequent builds reaching 145.0.7632.109 in some logs)

More recent Android and iOS releases align with Chrome 145.0.7632.109 and 145.0.7632.108, respectively, incorporating equivalent security fixes. Extended Stable channel users received updates to 144.0.7559.220.

Google’s Chrome Releases blog emphasized that the update “will roll out over the coming days/weeks,” a standard phased deployment to minimize disruptions. Cybersecurity experts and outlets including Forbes, The Hacker News, Malwarebytes and BleepingComputer urged users not to wait for automatic rollout.

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To check and install the update manually, users should open Chrome, click the three-dot menu, navigate to Help > About Google Chrome, and allow the browser to download and apply any available patches. A relaunch is typically required to activate the fix.

This zero-day follows a pattern of rapid browser vulnerabilities in early 2026. Industry analysts note that use-after-free errors in rendering engines like Blink (Chrome’s core) remain common attack vectors due to the complexity of CSS and font processing.

Experts recommend restarting Chrome after updating to ensure the patched version loads. Users on outdated builds remain vulnerable until the update applies and the browser restarts.

Beyond the security fix, Chrome 145 introduced several enhancements. Developer notes highlight reduced User-Agent strings by default following the removal of the UserAgentReduction policy, improving privacy by limiting fingerprinting data sent to websites. Other changes include stability improvements, performance optimizations and under-the-hood updates to PDFium and other components.

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Chrome maintains its position as the world’s most popular browser, powering billions of users across desktops, mobiles and enterprise environments. The rapid response to CVE-2026-2441 underscores Google’s commitment to timely patching, especially for actively exploited issues.

No additional vulnerabilities were detailed in the Feb. 13 advisory, though ongoing internal tracking suggests potential follow-up fixes. Google restricts full bug details until widespread patching occurs, a practice aimed at reducing exploitation risks.

Cybersecurity professionals advise enabling automatic updates where possible and exercising caution with unknown websites or links. Organizations using Chrome Enterprise or Education editions should monitor admin consoles for rollout status.

As threats evolve, browser updates remain a critical layer of defense. Users are encouraged to verify their version immediately—navigate to chrome://version in the address bar—to confirm protection against CVE-2026-2441.

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Google continues to invest in sandboxing, site isolation and other mitigations to limit damage from potential exploits. This incident serves as a reminder of the ongoing cat-and-mouse game between browser developers and adversaries targeting web platforms.

With millions potentially at risk before full deployment, the message is clear: Update Chrome now to stay secure.

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Webull stock hits 52-week low at 5.78 USD

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Webull stock hits 52-week low at 5.78 USD

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10 Key Facts About Sarah Ferguson Amid Latest Business Closures and Epstein Revelations

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Andrew Mountbatten-Windsor

Sarah Ferguson, the 66-year-old former Duchess of York commonly known as Fergie, remains a polarizing figure in British public life. Once a vibrant member of the royal family through her marriage to Prince Andrew, she has faced ongoing scrutiny, particularly following recent revelations tied to Jeffrey Epstein. As six of her companies face dissolution and her charity closes amid renewed Epstein file disclosures, here are 10 essential things to know about her life, career and current circumstances.

Sarah Ferguson
Sarah Ferguson
  1. Royal Marriage and Divorce Ferguson married Prince Andrew on July 23, 1986, at Westminster Abbey, becoming the Duchess of York. The couple had two daughters: Princess Beatrice (born 1988) and Princess Eugenie (born 1990). They separated in 1992 amid tabloid scandals, including infamous photos of Ferguson with financial adviser John Bryan. Their divorce finalized in 1996, but they have remained close, often living together at Royal Lodge until recent years. Ferguson has described their post-divorce relationship as supportive.
  2. Nicknamed “Fergie” The red-haired Ferguson earned the affectionate nickname “Fergie” early in her royal tenure. It stuck through media coverage of her outgoing personality, which contrasted with the more reserved royal style. She embraced the moniker in books, interviews and public appearances.
  3. Health Battles with Cancer In 2023, Ferguson was diagnosed with an early form of breast cancer, undergoing a single mastectomy. In early 2024, doctors discovered malignant melanoma during reconstructive surgery follow-up. She has spoken openly about the diagnoses feeling like a “death sentence” or “a bomb going off in my life.” Treatment continued into 2025, with no major public updates in 2026 indicating recurrence, though she has advocated for cancer awareness, including with the Teenage Cancer Trust (from which she later parted ways).
  4. Prolific Author and Media Career After her divorce, Ferguson built a career as an author, penning children’s books like the “Little Red” series and historical novels. She has written memoirs, including “My Story” (1996) and more recent works on wellness and resilience. She has appeared on television, hosted documentaries and engaged in podcasting, often discussing personal challenges and philanthropy.
  5. Philanthropy and Charity Work Ferguson founded Sarah’s Trust to support vulnerable children and families internationally. She championed causes like children’s health, education and anti-bullying. However, in February 2026, the charity announced it would close “for the foreseeable future” after discussions predating recent controversies. Several charities, including Teenage Cancer Trust, revoked her patronage in 2025 amid Epstein-related fallout.
  6. Business Ventures Facing Closure In mid-February 2026, Companies House documents revealed six companies where Ferguson serves as sole director are being wound down: S Phoenix Events, Fergie’s Farm, La Luna Investments, Solamoon Ltd, Philanthrepreneur Ltd and Planet Partners Productions Ltd. The moves follow no public activity for these entities and coincide with Epstein file scrutiny. Applications to strike them off were filed recently, with closures expected soon unless challenged.
  7. Ties to Jeffrey Epstein Newly released U.S. Department of Justice Epstein files in late January and early 2026 resurfaced emails and messages showing Ferguson’s communications with the convicted sex offender. One alleged 2010-2011 email depicted her pleading for a “house assistant” role, citing desperate financial need. She reportedly called Epstein “the brother I have always wished for.” While inclusion in files does not imply wrongdoing, the revelations intensified public and media pressure.
  8. Financial Pressures and Lifestyle Experts describe Ferguson as facing significant financial strain, with comments like “she needs the money” from royal biographer Andrew Lownie. Reports suggest she has told friends of needing to work and distancing from ex-husband Andrew. She has lived modestly in recent years, sharing Royal Lodge before recent moves.
  9. Current Whereabouts and Low Profile Ferguson has not appeared publicly since September 2025. Reports place her in the French Alps, then the United Arab Emirates (UAE), possibly meeting daughter Princess Eugenie. Speculation includes stays in Qatar or Portugal. Amid Andrew’s reported arrest developments and Epstein fallout, she maintains a low profile, with some sources noting plans for a UK return but emphasizing independence.
  10. Family Focus and Resilience Despite controversies, Ferguson remains close to daughters Beatrice and Eugenie, both mothers themselves—making her a grandmother multiple times. She has expressed joy in family milestones and credits resilience from personal hardships, including her mother’s departure when she was 12. Observers note her ability to rebound, though current challenges test that reputation.

As Epstein-related disclosures continue to ripple, Ferguson’s story underscores themes of public scrutiny, financial independence and personal reinvention. She has no official royal role but retains the style “Sarah, Duchess of York” courtesy of her former marriage. Friends describe her as determined to rebuild amid adversity.

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Turan Drilling wins $1 billion bp contract renewal in Caspian Sea

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Turan Drilling wins $1 billion bp contract renewal in Caspian Sea

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