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[EN] Financial Times

Iranian students mount further anti-regime protests

Slogans chanted on campuses in Tehran as new academic semester begins

France says EU has the tools to hit back at Trump over tariffs

Country’s trade minister says the bloc must be prepared to retaliate

Hungary blocks €90bn EU loan to Ukraine days before war anniversary

Viktor Orbán has intensified his anti-Ukraine rhetoric ahead of elections where he risks being toppled

China’s AI labs unleash new models and bubble tea to lure in customers

ByteDance, Alibaba and Moonshot among those targeting consumers with a promotional blitz during the week-long new year holiday

What Friedrich Merz is going to tell Xi Jinping

The German chancellor will arrive in Beijing with a markedly tougher trade stance than his predecessors

Packaged food producers turn to price cuts as US sales stagnate

Inflation, anti-obesity drugs and a processed foods backlash have driven consumers from the snack aisles

Year of the equal-weighted S&P 500?

The tide has turned against the cap-weighted index

The Supreme Court’s tariff blow to Trump

Uncertainty will linger as the president tests alternative legal options

Olympic glory — without the spoils

Also in today’s newsletter: the key themes at this year’s Business of Football Summit

Tehran on edge as residents fear US attack

Many in Iran’s capital think it is only a matter of time until war returns to their lives

Transcript: Maha’s big reversal and a Scotus decision on tariffs

Marc Filippino talks to James Politi, Patrick Temple-West and Brooke Masters

How BrewDog left a bitter taste for its ‘punk’ army

Potential sale or break-up of UK’s biggest independent beer company likely to leave many investors out of pocket

Altice France liabilities add about €1bn to debt pile

Rival telecoms groups are considering new bid for Patrick Drahi’s French business

What social media gave us

The bans on it are right but it added to the intellectual life of the world

Virgin Atlantic on track to poach ‘tens of thousands’ of BA frequent flyers

Airline has offered to upgrade rival carrier’s members to a higher status during February campaign

Britain lacks a Magnificent Seven, but at least it has a meme stock

Raspberry Pi has more substance than some former retail-investor darlings

Yacht boom propels $700mn-plus Stonepeak marina deal

US infrastructure investor hopes to use Southern Marinas as launch pad for further acquisitions in sector

The haven asset status of US Treasuries is eroding

Trump has come close to exploding one of the great myths of the investment world

The royal crisis of un-prince Andrew

By endorsing the independence of the police, his family is eager to show it will be held accountable

The B-movie producer who found himself in a real-life thriller

After decades chasing stars and scrambling for financing, Philippe Martinez became an unlikely crusader

How Italy’s drink-driving crackdown reshaped the digestivo — Insider’s Notebook

When life gives you limoncello, leave it on the table

Nearly 6,000 entrepreneurs quit UK in past two years, say wealth managers

Most work in tech sector with top destinations the UAE, followed by Spain and the US, according to Rathbones

Dinosaur wars in the Gobi desert

How paleontologists are battling both poachers and collectors in Mongolia to preserve a cultural heritage

Now 150 years old, can Bangkok’s Mandarin Oriental still compete?

The Asian grande dame has had a facelift. HTSI’s travel editor examines the results