Wall Street tech stocks slide as AI trade goes into reverse
Index of US semiconductor stocks on track for worst week since last year’s ‘liberation day’ rout
Reformation IPO bets fast fashion can keep up with Big Fashion
Maker of eco-friendly clothes can hold its own against Spanish giant Inditex on several metrics
EU to give industry more time to pollute and more funds to clean up
Climate commissioner defends extension of free allowances to heavily emitting sectors
Ukraine’s rift over battlefield strategy breaks into the open
Sacking of popular defence minister exposes divisions over how to fight Russia
The best books of the week
From Oxbridge dons to sports betting and Charles Manson, plus short stories by Sigrid Nunez, James Ellroy’s noir vision of America, our pick of graphic novels — and Nilanjana Roy on unseen wildlife
South East Water warns it is struggling to secure new funding
Utility blames public and political scrutiny for hurting investor confidence
Jonathan Reynolds set to oversee beefed-up business department
Incoming prime minister Andy Burnham discussing plans to give ministry more powers over science and energy policy
The 1980s Garfield buyout that changed corporate finance
Apple briefly leapfrogs Nvidia as world’s most valuable company
Shares in iPhone maker have escaped AI sell-off that has hit chipmaker
The 1980s Garfield buyout that changed corporate finance
Netflix shares slide on disappointing growth forecasts
Streaming giant projects weakest revenue increase in three years
Seven charts Britain’s next PM should see
The incoming prime minister promises to boost growth across the country but faces several obstacles
America’s great World Cup
Despite predictions of disaster, the tournament in the US has been a great success
Chinese AI models narrow cyber gap with US rivals
UK agency warns cheaper open models could leave companies less time to patch critical vulnerabilities
Andy Burnham will find that hope is not enough to govern
Once in Downing Street, the new prime minister should tell the Labour Party what it doesn’t want to hear
ConocoPhillips joins BP on redevelopment of supergiant Kirkuk oilfield
Oil major will acquire a 42% stake in company as US groups return to Iraq
Burnham promises to be ‘pro-business’ as he is crowned Labour leader
Incoming prime minister says he will ‘set a direction that is distinctively Labour’
FT Weekend Magazine Crossword Number 802
FT Weekend Quiz solutions
FT Weekend Quiz: Brenda Fricker, Margaret Thatcher and Queer Eye
Our ‘Round on the Links’ quiz tests your ability to draw connections. Thinking caps on!
Oceanographer Sylvia Earle: ‘The greatest era of exploration is now possible’
‘Her Deepness’ on leading 100-plus marine expeditions, Donald Trump’s wrong-headed rollback of fishing prohibitions — and why she’s still diving at 90
Trump envoy’s tour on $450mn superyacht stirs anger in Italy
Rome declines to reveal cost of security for billionaire businessman Tilman Fertitta’s ‘coastal diplomacy’
Submit your questions: How will Andy Burnham govern the UK?
Join a live Ask an Expert Q&A with the FT’s northern England correspondent Jennifer Williams, columnist and Inside Politics writer Stephen Bush and UK chief political commentator Robert Shrimsley on Thursday July 23 at 1pm (BST)
The perils of relying on PE ratios
Global gyrations in stock prices and earnings favour other markets