Meta runs afoul of the Indian government
Also in this newsletter: few women in the workplace
Letter: The hidden costs of net zero will keep electricity prices high
From Sir Dieter Helm, Professor of Economic Policy, University of Oxford Fellow in Economics, New College, Oxford, UK
Letter: Defence spending needs smarter funding models
From Professor Costas Milas, University of Liverpool Management School, Liverpool, UK
Letter: History offers a painful lesson for Moscow
From Alfonso González, Madrid, Spain
Letter: Ireland should recuse itself from key EU negotiations
From Professor Joseph Stiglitz and others
Letter: How to make the triple lock sustainable
From Colin Paton, Freising, Germany
Letter: America’s conduct has eroded its moral authority
From Al Kanji, North Vancouver, BC, Canada
Letter: Let’s make sure data centres are sitting pretty
From Jane Swan, Delabole, Cornwall, UK
Correction: Declaration of Independence
The words “We hold these truths to be self-evident, that all men are created equal” appear in the second paragraph of the US Declaration of Independence, not the opening paragraph as wrongly suggested in an article on July 8
SK Hynix raises $26.5bn in US market debut
South Korean memory chipmaker completes largest-ever US listing by a foreign company
Main parties refuse to contest Clacton by-election
US strikes Iranian railway bridges on route to city of Khamenei’s burial
Late supreme leader interred in Mashhad in early hours of Friday morning
Labour MPs push for permanent ban on crypto political donations
Proposals come amid controversy over Reform UK funding
Multinationals still avoiding UK tax after US opts out of reforms, MPs warn
New global ‘pillar 2’ rules require companies to pay top-up levies
FT Crossword: Number 18,422
Gazans flock to World Cup screenings
Tournament provides welcome moments of respite as Palestinians follow progress of Arab teams
Warsh picks ex-BoE chief King and tech boss Andreessen to reform Fed
US central bank chair chooses business and academic leaders to head five new task forces
Police investigate £500,000 in Reform UK donations by mother of Farage aide
Officers have been looking at possible offences relating to alleged ‘evasion of restrictions on donations’
FirstFT: SK Hynix raises $26.5bn in Nasdaq debut
Also in today’s newsletter: EU-China trade tensions and European heatwave damps Uniqlo sales growth
PepsiCo warns of ‘rising inflationary pressures’ for US consumers
Recovery in sales volumes runs out of steam in second quarter as surge in fuel costs hits snack and soda group
‘Very North Korean’: hundreds of Labour MPs back Andy Burnham for leader
Ex-Manchester mayor says it is starting to feel ‘very real’ as 322 out of 403 Labour MPs nominate him to succeed Keir Starmer
The Fed’s silent treatment
Markets are experiencing bursts of volatility, so why is the new Fed chair keeping quiet?
Andy Burnham apologises for Labour’s Gaza war stance
Britain’s likely next prime minister seeks to win back leftwing voters outraged by Keir Starmer’s approach to Israel
Goldman Sachs limits prediction market betting for employees
Nascent platforms such as Kalshi and Polymarket pose challenges to compliance policies at heavily regulated banks