UK inflation data hits the tape - new Prime Minister Andy Burnham vows to practice fiscal discipline, scrapping VAT on electricity bills and facing calls to extend tax breaks for young workers. Elsewhere. three tankers carrying Saudi oil are forced to U-turn in the Red Sea amid Houthi threats, as a new front opens up in the US-Iran conflict. On the tech front, Samsung is reportedly in talks to invest up to 1 billion euros in French AI firm Mistral. And Santander says it's on track to meet its targets for the year after underlying net profit jumps by nearly a fifth amid higher revenues.

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