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Glencore plans secondary listing in Australia

Miner has long complained its London shares are undervalued

Japan’s headline and real wage growth were above expectations in June

Central bank’s rare push to repatriate savings has drawn stronger than expected inflows

Ukraine warns Patriot interceptor stocks are running low as retaliatory 40-day air campaign expires

Robin Wigglesworth talks to professor and author Kim Bowes

The case for active quantitative tightening is getting weaker

That’s the headline and we’re sticking to it

Tax avoidance; tax evasion; Kevin Warsh’s credibility; the Strait; Epstein’s banks; dogs on surfboards; and what survives of us

Also in today’s newsletter: AI infrastructure debt and John Lewis profit warning

Zhongji Innolight and Eoptolink hit by report that Washington is drafting ban on optical transceivers

Victoria Craig speaks to Rafe Rosner-Uddin and Heba Saleh

Watch the latest episode from the FT podcast exploring the history of finance

An exodus of litigation partners expands the talent war beyond dealmakers

What has happened to the finances of Elon Musk’s rocket maker over the past three months is pretty irrelevant

Rate of UK chemical company closures doubled between 2020 and 2025, study finds

Appleby, once at the centre of offshore data leak, draws up list of potential investors

Strong headline figures mask some pressures that lie underneath the surface

Bond sale could free up lending capacity as mega AI deals stretch Wall Street financing limits

Pay deal by Europe’s most valuable start-up would emulate that of Elon Musk

A case in China shows the dangers associated with this groundbreaking treatment

Jason Tarry tells staff the department store chain is heading into a period of falling sales and rising costs

The dollar’s status as a reserve currency is not what it used to be

On David Bowie albums and during Tube strikes, a little discomfort has gone a long way. Games can teach us how

Jacob Kenedy’s cremolato needs little more than fruit, sugar, water and a freezer — and delivers a slushy, intensely flavoured treat