Turkey cuts interest rates despite $18bn investment funds scandal
Central bank lowers benchmark rate to 36% as inflation eases
Global stocks tumble as oil prices rise
Crude prices jump 3.5% while Eurozone bond sell-off deepens
Testing Trump’s key policy pledges
Also in today’s newsletter, are betting markets starting to believe in the Democrats’ Senate polling advantage?
France to ban non-union protests, says Macron
French president announces restrictive measures in a bid to avoid rioting and looting this weekend
The Range Rover EV – a first review
The popular SUV has gone fossil fuel-free. It might be the best in its class
Serbia’s students should take a leaf out of Magyar’s book
Ahead of elections this weekend, those attempting to topple the Vučić regime should consider reform, not revolution
Europe’s moderates must stop treating politics as a spectator sport
While centrists have retreated to myriad bubbles, extremists turn up, join up and organise
China steps up ‘grey zone’ tactics to isolate Taiwan
Beijing is blocking Taipei’s diplomats abroad and exerting control over its maritime territory
Russian missiles bombard Kyiv after Witkoff-Putin talks
Donald Trump’s envoy met Ukraine President Volodymyr Zelenskyy in Oslo before heading to St Petersburg in diplomatic push
A bond is like a party balloon
(Bear with us)
South Korean labour politics inspire a near-flawless film in Possible Love
Lee Chang-dong’s dizzyingly good Netflix film is rooted in class, life and economics
Rapid UK pay growth adds to pressure on Healey over minimum wage
Latest earnings data shows strong wage increases, especially for managers and workers in London
How Sarah J Maas’s ‘sexy faeries’ helped publishing win over TikTok
As fans await next week’s release of the new ‘Court of Thorns and Roses’ story, there is no sign that romantasy’s escapism is losing its million-selling magic
How are AI agents changing work inside Anthropic?
The company is hiring relatively fewer junior-level staff while increasing the number of managers and meetings
Dickson Mbi’s Tellus reworks a Cameroonian fairytale into a climate change fable
This beguiling, code-switching piece at Sadler’s Wells East began life as a bedtime story for the dancemaker’s son
Fatherland — the past is never past in Paweł Pawlikowski’s spare Thomas Mann story
Hanns Zischler and Sandra Hüller play the great writer and his daughter in this spectral portrait of postwar Germany
The tentative return of the old politics
Burnham is clawing back the lost Labour vote while Badenoch appears to have seen off Reform’s talk of destroying the Tories
Blackstone cuts property valuations as higher rates hit returns
Group’s president Jonathan Gray says rising market volatility stalled a quick return of cash to investors through IPOs
Why climate could soon move back up the global agenda
IEA chief Fatih Birol told an FT summit that ‘quick’ and ‘cheap’ renewables could drive renewed focus even as energy disruption drags on
Hot property: five homes for sale in Boston
From a classic brownstone with roof terrace and wine cellar to a modern industrial with concrete flooring and steel beams
Malcolm Wiener, financier and scholar, 1935-2026
He used his fortune to fund the study of the Aegean Bronze Age
FirstFT: Global equities hit by rise in oil prices
Also in today’s newsletter: Barclays axes 5,000 jobs and companies race to protect their websites
Websites taken offline in race to patch PHP security flaw
Government security agencies warn companies to take immediate action after AI uncovers widespread vulnerabilities
Europe’s bracing reality on US bond yields
The region cannot just hope for a fall in borrowing costs across the Atlantic - it must tackle its own problems