US launches strikes on Iran after Tehran attacks container ship
Washington says ‘unwarranted aggression against commercial shipping’ violated ceasefire between adversaries
US insurance rulemaker suspends investment risk designations after cyber attack
Ratings help determine how much capital insurers must have to meet obligations to policyholders
New York’s socialist insurgency raises alarm among anxious Democrats
Sweeping victories by progressives expose divisions over how party takes on Trump in November’s elections
German carmakers embark on historic job cuts as Chinese rivals flood market
Threat to industrial model of Europe’s largest economy mounts
Tower crash calls Beijing’s air security into question
FT research identifies owner of vehicle under investigation at flight school linked to impact
Thousands of foreign students made false qualification claims, says consultancy
Qualification Check says many UK universities did not conduct detailed verification
QuidelOrtho looks to sell testing unit as PE circles healthcare companies
Diagnostic company’s shares are down 90% since its rapid antigen tests were the first to be approved for Covid-19
A shot in the arm for Merz
Pension reform plan shows coalition government making bold moves to confront Germany’s problems
Chipmakers are expensive globally
Valuations are high for AI-exposed markets
Football’s stealthy super league
Also in today’s newsletter, the PGA Tour’s revamp, and Elliott Hill on fixing Nike
UK government split over new ‘golden visa’ scheme to woo super-rich
Anti-corruption campaigners sound the alarm after previous programme was scrapped owing to dirty money
Turkey launches security crackdown ahead of Nato summit
Activists have been arrested, journalist accreditations denied and public assemblies banned before July meeting
EasyJet’s top shareholders hold out for £5.3bn bid from Castlelake
Many large investors agree that private credit group’s offer must reach £7 per share
Clive Davis, music executive, 1932-2026
A larger-than-life figure whose instincts transformed American pop
Luxury may be in the doldrums, but perfume passes the smell test
Fragrances are among the faster-growing areas of the beauty industry — though investing in them isn’t straightforward
Messi, Mbappé and the race for footballing immortality
The World Cup has begun with a blitz of goals from top players but the biggest prize is not the Golden Boot
Baltic states urge EU to speed up ban on Russian oil imports
Talks about the phaseout stalled after the closure of the Strait of Hormuz sparked concerns of an energy supply crisis
Ocado major shareholders mount rearguard action to save CEO Tim Steiner
Multiple investors oppose plans led by chair Adam Warby and Tetra Pak billionaire board member Jörn Rausing to oust co-founder
Extreme heat elevates national security risk at London climate week
Focus shifts to physical dangers as well as energy security as temperatures break fresh records
Burnham catches a bit of luck with gilts
Global bond markets have rallied, easing pressure on UK’s prime minister-in-waiting
Mistrust between the Treasury and MoD is holding back UK defence
Resolving the impasse between the two departments is urgent
Greenspan and the important art of Fedspeak
Former Fed chair’s ambiguous communication style contrasted with his efforts to make the bank more transparent
Indian snack giant Haldiram’s cooks up European expansion
Temasek-backed company opens first UK restaurant in London’s Leicester Square
Who is ‘El Tigre’, Colombia’s Trumpian new president?
The firebrand criminal lawyer has won the presidency, vowing to crush drug traffickers like cockroaches