View this email in your browser Business Today Wednesday, 26 August, 2026 Editor's Note Good morning, reader US treasury secretary Scott Bessent’s running battle with the bond markets is starting to look like his boss’s war in Iran – started by his own hand with a tangled set of objectives, an underestimated opponent and an implausible path to victory, writes Katie Martin. And like the conflict in the Middle East, we are all going to suffer its effects. Sticking with North America, Canada has announced retaliatory tariffs on $20 billion (€17.14 billion) worth of US imports a day after US president Donald Trump said he would raise duties on Canadian cars, in the latest salvo of the escalating trade war between the two neighbours. None of that turmoil is deterring an estimated 14,000 US sports fans, who are expected to travel to Ireland this week for the annual Aer Lingus College Classic American football clash, which this year features the University of North Carolina Tar Heels and the Texas Christian University Frogs. Continue Reading Dominic Coyle   TOP BUSINESS STORIES Markets Oil extends declines as Iran, Oman push talks to reopen Hormuz Business Denis Brosnan-chaired Glanua back in the black following €3m reorganisation Business Aer Lingus head office staff seek to stall job cuts talks Work I took a 10% pay cut two years ago and it wasn’t put in writing. Can I demand it be restored? Business CPL parent pays maiden €150m dividend five years after Japanese takeover Katie Martin Bossing the bond market never works MORE BUSINESS STORIES Economy Almost one in seven commercial properties in Republic ‘lies vacant’ Business Boston Scientific lays groundwork to shift $15bn from Irish operation Business Shares edge higher as Nvidia results loom large Business Canada announces $20bn retaliatory tariffs as US trade war escalates Do you have questions about becoming an Irish Times subscriber, or about your subscription? You'll find handy guides in our FAQs, and you can manage many aspects of your subscription in the My Account section. Never miss a business story Subscribe now for just €1 for your first month SUBSCRIBE