Chart of the Week: Europe’s extra energy tax
A weaker euro deepens the pain from higher oil prices
Iran calls halt to attacks on neighbours as Israel strikes more targets
Hizbollah said it had engaged Israeli forces in the Bekaa Valley
Price is now the main ingredient in the office-lunch slop bowl
Many chains have raised prices to absorb rising costs — which works as long as customer loyalty, or indifference, endures
Formula 1’s leap of faith
Also in today’s newsletter: what the Paramount-WBD deal means for US sports media
Palmer Luckey’s $1bn pitch to reboot 1990s video game consoles
From AI weapons to Game Boys, defence tech billionaire is in talks to raise funds for new gaming venture ModRetro
The bombing of Tehran — in maps and satellite images
Israeli and US strikes have targeted regime infrastructure and also struck civilian sites. Here are some of the key buildings hit
Meteorologists bet on ‘swing’ to warming El Niño weather cycle
Chance of natural cycle that raises equatorial ocean temperatures put at 59% between August and October
UK lenders raise mortgage rates amid warnings over inflation and energy prices
Market mood ‘has completely changed’ following outbreak of Middle East war
The war of unintended consequences
Israel and the US have achieved many military aims in Iran, but the unpredictable fallout poses threats to everyone
Can Crispin Odey convince a judge he was the victim of a regulatory crusade?
Financier is appealing UK watchdog’s decision to ban and fine him in the wake of sexual misconduct allegations
Trump’s war on Iran is spreading. Where does it stop?
US allies in the Arab world have been plunged into a conflict they neither wanted nor consented to. Historian Eugene Rogan on what it means for the Middle East
We’ll always have Dubai
Why the newly endangered city will endure
Allowing 401ks to invest in private markets is a bad move at a bad time
The move might help asset managers but hurt savers and the economy more broadly
How mackerel became Schrödinger’s fish
We sure as hell aren’t buying that much in Waitrose
Amid European energy fears, coal creeps back into favour
A protracted conflict in the Middle East would dent expectations that global coal consumption will start to fall
Britain is now the home of the Middle Man
Rules don’t even have to be effective to provide gainful employment for advisers
‘Being honest about my debts is helping others — and it’s helped me’
‘Finfluencer’ Megan Archer-Fox has cleared £40,000 of credit card debt, urging others to drop the shame and secrecy
America rethinks how to train its workforce
A ‘skills gap’ is not some blight on free enterprise that someone else will fix
Papier founder: ‘I don’t own stocks or shares — it’s too much risk’
Taymoor Atighetchi on how he picked a sector ripe for disruption
Dan Duckhorn, winemaker, 1938-2026
Known as ‘Mr Merlot’, he successfully championed the grape in the US
The real-world paths to hell
How tourists became obsessed with finding the gates to the underworld of Greek mythology
Water, Japanese paper and a vacuum cleaner — the secrets of restoring Michelangelo’s Last Judgment
As the Sistine Chapel masterpiece is given a facelift, new aspects of the painter’s genius are coming to light
Are attention spans really shrinking?
Bear with me for 47 seconds — here’s why our fizzing brains still have the ability to focus
Why we should embrace human complexity
Sometimes we forget to acknowledge our multiple identities