Iran accuses US of violating international law over vessel seizure
Iran’s ambassador to UN also accused Washington of ‘continuing internationally wrongful acts’ that breached ceasefire agreement
Prudential Financial extends Japan sales pause after mis-selling scandal
Insurer says changes will take longer to implement than had been expected
BHP strikes China iron ore deal after months of talks
Mining company firms up copper guidance in Mike Henry’s final results as chief executive
Can EVs kill off petrol cars in China?
Electric-vehicle makers target less affluent heartland for next phase of growth
Acid attack shakes Indonesia as army returns to fore
Alleged involvement of soldiers rattles Indonesians fearful of increased role of military under Prabowo
Warsh rejects accusations he would be Trump’s ‘sock puppet’
Senators grill nominee to head Federal Reserve over president’s demands for interest rate cuts
Mandelson vetting scandal raises questions over Starmer’s judgement
‘If only there had been a way of knowing that a man who had been forced to resign twice and was dubbed the ‘Prince of Darkness’ wouldn’t make a good ambassador’
SpaceX obtains right to buy AI start-up Cursor for $60bn
Elon Musk’s rocket and AI conglomerate is seeking to catch up to rivals OpenAI and Anthropic
Letter: Europe’s price supports risk undermining its energy transition
From Jens Ewald and Thomas Sterner
Letter: Lord Denning’s observation on assisted dying debate
From Devra Wiseman, Leatherhead, Surrey, UK
Letter: Three events rekindled my love for the good ol’ USA
From Matt Long, Merville, France
Letter: Fed should recall lessons of oil shocks of the 1970s
From Leslie Lipschitz, Boston, MA, US
Letter: Measuring the dollar’s role as a reserve currency
From Konstantinos Gravas, Lecturer, Department of Economics, Athens University of Economics and Business, Athens, Greece
‘Why isn’t the energy used by people?’: China’s global AI push hits resistance
TikTok’s plan for $9.5bn data centre on Brazil’s coast reflects national ambitions but is hit by environmental concerns
Letter: Vix — more than an index of behavioural overreaction
From Professor Thanos Verousis and Professor Alejandro Bernales
Letter: Why Anglo-Saxon business mindset struggles in the EU
From Steven Vigor, CEO, Revigorate, Quarteira, Algarve, Portugal
Letter: Spare a thought for private jets and yacht marinas
From James van Bregt, Palma de Mallorca, Spain
Anthropic investigating unauthorised access of powerful Mythos AI model
Start-up has limited the release of the new tool because of concerns about its hacking abilities
Starmer’s political woes deepen as Mandelson scandal saps his authority
Ministers and Labour MPs appear to be losing sympathy for prime minister
UK energy regulator to gain powers to block bonuses
Shake-up of Ofgem comes after government strengthened water watchdog following public outcry
Inner London primary schools to be hit by 11% fall in pupils by 2030
UK spending watchdog says ministers need a plan to close or shrink classrooms as schools will struggle financially
FT Crossword: Number 18,352
Middle East crisis as it happened: Trump extends ceasefire, Iran accuses US of violating international law over vessel seizure
Iran’s ambassador to UN accuses Washington of ‘continuing internationally wrongful acts’
Hormuz disruption raises risk of global food shock, traders warn
World ‘on borrowed time’ to avert crisis as higher gas prices squeeze fertiliser production