Swiss National Bank deputy governor said the bank wants to improve the real-time payments segment of the current payments system.

Morgan Stanley’s North Haven Private Income Fund, a $7bn private credit vehicle, has set a 5% redemption cap and said it will pay out less than half of investors’ Q2 redemption requests. The fund said investors applied to redeem 11.6% of shares in Q2, up from 10.9% in Q1. It noted that across the roughly $1.8trn private credit market many funds had already restricted full exits in the prior quarter, and that over half of Q2 repurchase requests came from investors who had been unable to redeem fully in the previous three months.

The UK Climate Change Committee said the government must cut power costs to meet a mid-century net‑zero target, including removing 'green levies' from energy bills. The committee reported 2025 greenhouse gas emissions fell 1.8% YoY and are 50% below 1990 levels. Chair Nigel Topping warned the shift to clean power is not progressing fast enough and said stronger government support to accelerate EV and heat‑pump adoption is essential to meet climate goals and save costs, adding that political uncertainty or any weakening of current commitments could slow the transition, harm investment and undermine the long‑term stability businesses require.