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[EN] Financial Times

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