011 Modello 1

FirstFT: ‘Unprecedented’ plane crash raises questions about Beijing’s security

Also in today’s newsletter: an interview with Nato chief Mark Rutte, and US Supreme Court rejects Trump’s bid to end birthright citizenship

Parent company EchoStar has surged to $30bn market capitalisation from windfall on SpaceX holding

Employment

Ruling is major blow to president’s immigration agenda

Italian oil major and Swiss trading house aim to secure large profits that have been notched up by some rivals

Trainer maker reported $11bn in revenue in its most recent quarter, the lowest since February 2022

Decision from global development institution follows years of pressure from the Trump administration

Mediator Qatar says there are no plans for American delegation to meet Iranian officials

Robert Armstrong speaks to Ian Smith

Expectations of higher interest rates fuelled by Iran war help end bullion’s record rally

Investors navigate Iran war fallout, chip stock volatility and blockbuster SpaceX IPO

Mark Rutte makes economic case for Donald Trump to remain committed to the alliance in FT interview

Leadership changes but the debt market remains in charge

New AI product has use cases in rendering 3D protein structures and drug discovery

Fatal flight of a light aircraft into Chinese capital’s tallest building raises questions about its defences

Vertical integration helps to bridge the gap between today’s investments and returns that won’t come until later

Nicotine pouches are a focus of the tobacco industry’s push to grow beyond cigarettes

Trades Union Congress estimates restoring previous surcharge could raise £9bn

UK asset manager aims to dispose of Benchmark Capital to Söderberg & Partners

Federal and state authorities cite three-year effort to co-ordinate bids that inflated quotations

CopperTech Metals’ market entry was meant to take advantage of US enthusiasm for critical minerals

After months of wrangling, Starmer’s military funding plan still came up short

Nearly 1,700 UK users allege that world’s largest crypto exchange offered risky products without regulatory approval

Technology could make markets more volatile through ‘herding behaviour’, Sarah Breeden tells ECB conference