A recent defence evaluation highlights the urgent need to bolster capabilities in the far north, citing climate factors, resource competition and technological advances as key drivers for increased strategic focus.

Wall Street banks reported US$37bn in first-quarter trading revenues as volatility linked to Washington’s administration spurred increased investor activity, marking their strongest performance in a decade.

Higher-risk borrowers are facing tighter financing conditions following tariffs introduced by the previous US administration, dampening dealmaking prospects and prompting major banks to scale back support.

The PM and business leaders remain alert to potential challenges as the US commerce chief warns that a short-lived tariff exemption on technology may soon lapse, prompting preparations for possible knock-on effects in global trade.