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[EN] Financial Times

EasyJet reaches outline agreement on £5.5bn takeover by Castlelake

UK airline’s board says it is minded to recommend proposal by US private credit group

Burnham warned over lack of cabinet as Number 10 transition talks step up

Prospective Labour prime minister could take office as soon as July 20

Nato leaders gather for crucial meeting in Ankara

Plus, nominations open in UK’s leadership contest, Iran buries former leader, Shell gives a trading update

Netanyahu government defies Israel’s top court over TV regulation

Premier’s cabinet raises fears of a constitutional crisis by formally rejecting ruling by Supreme Court

Turkey detains journalists and comic in crackdown before Nato summit

Popular comedian who called President Recep Tayyip Erdoğan a ‘dictator’ is among those arrested

China releases Christian pastor after Trump appeal

US president raised case of Protestant church founder Ezra Jin during meeting with Xi Jinping in May

‘Heat dome’ and storms over eastern US send power prices soaring

Almost 1mn households left without power after storms and weekend temperatures near 40C disrupt grids

Data centres are a crucial test of US industrial resolve

America must not repeat the mistakes that handed China rare-earth dominance

Saving Nato in the era of Trump

The big questions hanging over the alliance will not be discussed in Ankara

‘Return’ powers to Holyrood taken after Brexit, Scottish minister tells Burnham

SNP government says UK’s likely next leader must include the nations as well as English regions in his devolution drive

Parliament watchdog urged to investigate Nigel Farage over benefits from fraudster

Call for new inquiry into ‘in-kind’ benefits from aide before Reform leader’s election as MP in July 2024

France’s richest man ordered to pay €22.5mn in back taxes

Bernard Arnault, billionaire owner of luxury group LVMH, will appeal against ruling

Iran leadership shows unity at ayatollah’s funeral, but successor absent

Mojtaba Khamenei does not join other top leaders and sons alongside coffin of slain supreme leader

US voters say Trump’s Iran war not worth the cost — FT poll

Survey shows conflict is dragging down president’s approval ratings ahead of November midterms

The Europeanisation of Nato is ever more important

Transatlantic military alliance will be key to the continent’s future security

Ukraine striking Russian energy infrastructure at unprecedented rate

Kyiv’s intensified drone campaign is spurring Russia’s worst fuel crisis in decades

What will FOMC minutes reveal about Warsh’s debut at the Fed?

Markets Questions is the FT’s guide to the week ahead

Rich nations must unleash land, labour, energy and capital

As policymakers shift towards industrial interventionism, they risk neglecting the simplest drivers of growth

Lululemon’s latest struggle: slowing sales in key China market

Growth in second-largest economy has helped activewear maker offset series of other troubles but now faces new challenges

French push to exclude UK from EU defence spending backfires

Paris loses out on cheap loans due to strict eligibility criteria it had championed

How Bending Spoons built a $23bn tech empire from struggling brands

Nasdaq listing caps more than a decade of deals that transformed an Italian start-up into a global internet company

Returning to pre-Trumpian politics won’t save America

The opening of the Obama presidential library set off a wave of nostalgia for an era that is not coming back

Octopus Energy set for showdown with workers over union recognition

Fast-growing energy supplier says employee share ownership means it’s not a ‘them and us’ company

Oil market opens up as retail traders pour in

CME Group to launch 10-barrel contract after Iran war triggers rush of bets on crude prices