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[EN] Financial Times

Korea weighs inheritance tax based on book value, not market prices

Government proposal aims to curb the alleged suppression of share prices and reduce the ‘Korea discount’

Philippines ‘between rock and a hard place’ over surging energy prices

Central bank governor warns that raising rates to tackle inflation could hit already weak economic growth

Indian conglomerate Vedanta to split in five next month

Chair suggests new entities could be worth as much as $50bn after deleveraging drive

Sunday Number 138: News Puzzle

Iranian strike injures US troops at Saudi air base

Yemen’s Houthi rebels carry out their first attack on Israel since the war began

Americans take to streets in ‘No Kings’ day protests against Trump

Latest series of marches comes against backdrop of president’s unpopular war in Iran

Support for JD Vance slips in straw poll of Republican candidates in 2028

US vice-president still favourite to succeed Donald Trump but secretary of state Marco Rubio is gaining ground

UK and Singapore press ahead with digital deal as WTO remains deadlocked

Ministers are struggling to thrash out reforms at the global body that has been buffeted by Trump’s tariffs

Tourists cool on Cyprus and Turkey as Iran war upends travel plans

Popular destinations in eastern Mediterranean suffer amid ‘generalised anxiety’

How long can Iran keep firing missiles?

Five analysts assess Tehran’s capacity to sustain barrages against Israel and Gulf states

Houthi missile attack signals ‘serious’ escalation in Iran war

Rebels’ participation puts vital maritime routes at greater risk

The failures of prediction markets are predictable

They can send wrong signals when trading is illiquid or when herd behaviour takes hold

Chart of the Week: The oil shock hurts poorer economies hardest

Developing economies are more dependent on energy

Why the World Cup is heading to YouTube

Also in today’s newsletter: NBA expansion, an Indian Premier League sale and more

Transcript: How markets may be affecting US military action in Iran

Marc Filippino talks to Abigail Hauslohner and Katie Martin

How Pakistan put itself in the middle of US-Iran peace talks

Islamabad seeks to capitalise on warming ties with both Trump and Tehran but has much to lose if efforts fail

A ‘victim’ and a ‘dinosaur’: three days of Crispin Odey testimony

Financier’s cross-examination this week has been culmination of his legal challenge against regulatory ban and fine

Egypt imposes emergency measures to save fuel

Prime minister says country’s natural gas imports bill has tripled since start of Iran war

UK stocks are handling 2026 much better than the UK economy

The UK relies on energy imports, which are surging in price, but many FTSE 100 companies have benefited from the volatility

Reform UK’s billionaire donor backs disputed Chagos settlement

Christopher Harborne is among financiers prepared to support a proposed permanent community on the Île du Coin island

No BS: using corporate jargon is really giving you away

A new study suggests that buying into the blather reveals a credulous worker

Robert Mueller, lawyer and former FBI director, 1944-2026

A long public career found its zenith with his investigation into Russian interference in the 2016 presidential election

Here’s the oil shock that Donald Trump can’t control

While there is a lot of spare crude on ships and in storage, stocks of refined products are much smaller

Social media is populist and polarising; AI may be the opposite

Large language models elevate expert consensus and moderate views, in sharp contrast to social platforms