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[EN] Financial Times

Segro rejects £13.5bn bid by US rival Prologis in latest takeover twist

London-listed group declines third offer in escalating battle

Ryanair profits fall 34% as Middle East war hits ticket and fuel prices

Budget carrier declines to issue full-year guidance and warns it is ‘heavily dependent’ on late bookings

Oil back above $90 as Iran hits tankers

US carries out fresh wave of attacks as the number of American casualties rises

Portfolio construction in the shadow of the AI bubble

Hard choices on all sides

Paris and Berlin set year-end deadline for options to reform EU’s diplomatic arm

Also in this newsletter: EU’s biggest economies call for lighter bank rules

Trump Media’s pitched fee for early access to posts

Plus, St James’s Place adviser exodus and American Photographs at the V&A London

FTAV’s further reading

Viva Espana; stadium design; Andy Burnham; Harvard + Burning Man

FirstFT: Burnham weighs Number 10 overhaul

Also in today’s newsletter: Oil rises above $90 and Morgan Stanley takes AI deal crown

The best of TV and streaming this week

Cat-and-mouse thriller ‘Lucky’, chaotic comedy ‘Ann Droid’ and more. Reviews by Rebecca Nicholson

Transcript: Andy Burnham’s first day

Victoria Craig talks to Lucy Fisher and Aaron Kirchfeld

Arthouse hotel, Glasgow — a city classic reborn, with art at its heart

Key notes | A back-to-history renovation lets this landmark gem shine once more — and brings new momentum to the ‘Cultural and Heritage District’

Training AI models might be the chance for a workplace power play

It is becoming clear that the knowledge they require is currently locked inside employees’ heads

Sinaloa cartel founder set for $15bn forfeiture order and life sentence

‘El Mayo’, who co-founded cartel alongside ‘El Chapo’, is expected to be sentenced to life in prison

UK pension insurers raise exposure to opaque private credit

S&P warns on hard-to-price private assets that make up more than 10% of portfolios at L&G, Standard Life and Just Group

The Five-Star Weekend — Jennifer Garner drama is as sweet and frothy as a gingerbread latte

Secrets and lies are revealed at a New England girls’ weekend in Sky’s eight-parter starring Regina Hall, Chloë Sevigny and more

Burnham urged to use flexibility in fiscal rules to boost investment

Incoming prime minister could mobilise an extra £16bn for infrastructure over remainder of the decade

Burnham must remember the first rule of government

The biggest mistake of all would be to imagine the country enjoys a free fiscal lunch. In fact, it only has hard choices

The man running against Benjamin Netanyahu

Former military chief Gadi Eisenkot is the main opponent to Israel’s divisive prime minister ahead of October election

Iran’s currency tumbles as renewed conflict threatens economy

US blockades ports and targets infrastructure as Donald Trump tries to force Tehran’s hand over Strait of Hormuz

What to expect from Burnham’s ‘crucial’ first 100 days as UK prime minister

Incoming leader promises big changes but he will face many tests during his early months in Downing Street

An odyssey through Metlen’s interconnected solar empire

Because sunlight is the best disinfectant

Chinese helium ban threatens supplies to Europe

Beijing’s export controls cut off a route for Russian flows, adding to pressures after disruption to Qatari production

What has the overhaul of HMRC delivered so far?

Reduction in phone waiting times boosts tax authority but harder test is the digital shift underpinning the overhaul

Coffee drinkers turning to whole beans as prices soar, says Lavazza

Chair of Italian family-owned group says consumers are opting for ‘less but better’