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Starmer prepares to fight leadership bid by Streeting

Health secretary expected to resign on Thursday and seek to eject prime minister from Downing Street

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Mondo

Netanyahu made secret visit to UAE during Iran war

Trip by Israeli prime minister underscores how conflict has deepened relations between the two states

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Business

Elon Musk’s settlement with SEC raises ‘red flags’, judge says

Court refuses to ‘rubber stamp’ $1.5mn deal over Twitter stock disclosure

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Business

What can we expect from the Fed under Kevin Warsh?

Take part in a live Ask an Expert Q&A with the FT’s US economics editor, US economics correspondent and US markets editor on…

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Politica

Senate confirms Kevin Warsh to succeed Jay Powell as Fed chair

Vote brings to an end one of the most fraught processes of selecting a central bank chief in decades

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Mondo

Saudi Arabia launched strikes against Iran

Riyadh wanted to show it was defending itself but told Tehran it was not joining broader US-Israeli assault

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Clima

Shares surge in debut of power producer favoured by Trump energy agenda

Geothermal generator Fervo uses renewable energy technology that has garnered rare administration support

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Scienza

Neanderthal dentist drilled into decayed tooth almost 60,000 years ago

Study suggests Neanderthals had cognitive ability, dexterity and social support comparable with modern humans

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New York cuts transport prices to World Cup matches it is hosting

Round-trip bus ticket from New York City to MetLife Stadium reduced from $80 to $20

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Greater New York at MoMA PS1 is a capacious celebration of the city’s artistic…

With effusive humour and amiable messiness, the exhibition portrays a metropolis that’s complicated and unstable

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PoliticaMondo

Eric Trump joins Beijing trip as family-linked group chases China deal

Company with ties to US president’s son has MOU with chipmaker that Congress warned is connected to Communist Party

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Crispin Odey settles sexual assault claims

Financier had been sued for personal injury by women

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Former SEC chair Jay Clayton says he does ‘not see excess leverage’ in private…

Wall Street’s top prosecutor says the industry helped the US recover faster than Europe from the 2008 crisis

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AI

White-collar workers report growing feelings of ‘AI brain fry’

Workers are reporting feeling overwhelmed by the new technology

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Boots to appoint outgoing Currys boss Baldock as CEO

UK pharmacy chain finalising appointment of Alex Baldock as it prepares for potential London listing next year

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Business

Blue Origin may need external funding to hit ambitious launch targets

Are the pockets of Jeff Bezos not as deep as everyone thinks?

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AI

How the dream of a non-profit OpenAI died

What’s really behind the Musk-Altman legal battle?

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The rise of the American corporate gerontocracy

No country for young CEOs

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PoliticaMondo

Wary China braces for Donald Trump’s visit

Sceptics associate American president with turmoil and cast doubt over Sino-US relationship reset

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Food companies hit by Trump administration’s cuts to benefits

US consumer demand drops after households lose access to federal Snap subsidy programme

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Why scrapping quarterly earnings is a bad idea

US chief executives should be wary of putting their own convenience ahead of transparency

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Vistry’s shares plunge as discounted house sales erode profit

UK housebuilder warns first-half profits will drop significantly as it slashes home prices to generate cash

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GameStop makes big bet that governance doesn’t matter

With his offer rebuffed by eBay, the ball is now in GameStop boss Ryan Cohen’s court

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BYD says ‘flash charging’ tech will help its EVs compete with petrol models

Chinese group’s technology allows electric vehicles to be charged in as little as five minutes

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Labour’s wishful thinking problem

Accepting a world of economic trade-offs is crucial for the country’s future

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AI

SoftBank boosted by surging value of OpenAI stake

Japanese group records $45bn gain on holding in ChatGPT maker over its financial year

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Intertek set to agree £10.6bn takeover by private equity group EQT

Sweden-based buyout firm made ‘final’ offer of £60 a share for UK company

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Porto Alegre nurtures growing list of new technology ventures

City has ambitions to become regional centre for innovation, but is competing with more established rivals

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BusinessMondo

Defence tech start-up Anduril doubles valuation to over $60bn

Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit

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Starmer to meet Streeting as he clings to power

Prime minister will meet potential leadership rival ahead of King’s Speech

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Politica

India more than doubles tariffs on gold imports

The government wants to curb non-essential imports to protect the rupee

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Business

Bank stocks under pressure after Australia targets property investors

Commonwealth Bank slides 10 per cent amid budget changes and darkening economic outlook

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AI

AI Labs: Google DeepMind plans its comeback

Google and its AI lab DeepMind are bearing down OpenAI and Anthropic

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Why money is the biggest shared hallucination in human history

What human-sized stones on the island of Yap reveal about the true nature of money

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UK bond vigilantes ride again

Traders worry that a more progressive leader might lead to a rise in Britain's long-term debt issuance

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Business

MSCI removes 18 Indonesian stocks from global indices

Barito Renewables, Chandra Asri Pacific and Dian Swastatika Sentosa among those ejected

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BuzzFeed and GoPro learn nostalgia doesn’t pay the bills

The goodwill of middle-aged consumers won’t be enough to generate a meaningful return

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Business

UK veterinary group CVS targeted by activist investor

Converium Capital complains vet company’s stock has not recovered after UK regulators finished an industry probe

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Why global imbalances matter

They lie at the intersection of almost everything that matters in geoeconomics and geopolitics

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MUFG seeks to offload risk tied to $2bn of private credit loans

Japanese lender in talks over risk transfer as private capital industry is under strain

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PoliticaMondo

Trump is up against China’s great wall of confidence

The US president will encounter a very different country to the one he visited in 2017

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Politica

Who do gilt investors want to lead Britain?

Andy Burnham seen as biggest risk to UK government bonds

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Tech

Nintendo needs Super Mario once again

The little plumber is a bulwark of intellectual property as rising chip prices pressure the company

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Why artists’ love for opera will never die

From Chagall at the Met to Kentridge at Glyndebourne, painters, sculptors and animators have been thrilled by the total art form

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AIBusiness

Europe’s few AI plays soar as US tech frenzy goes global

Investors hunt for winners in market that for years has lagged behind Wall Street’s rally

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Data: you don’t know what you’ve got till it’s gone

To decide whether official statistics are useful, look at what happens when they disappear

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Recipe: A teabag is the secret ingredient in this midweek salmon supper

The nutritious meal Ella Risbridger turns to for ‘lowest ebb, lowest effort’ cooking

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Jeff Bezos’s Blue Origin weighs first external fundraising

Rocket maker’s chief tells staff it will need outside capital to meet ambitious launch plans

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