Six foolish mistakes for the UK’s new chancellor to avoid
John Healey will be under pressure on many fronts, but bear-pits are lurking . . .
How we made it: China’s air pollution clean-up — and the rebound
Guide to the Climate Graphic of the Week
Who is in Andy Burnham’s new cabinet?
UK prime minister announces top team, with many experienced faces returning to government
Novo Nordisk accuses Eli Lilly of deceptive marketing in weight-loss fight
Danish group claims rival used outdated data to support claims that its products were more effective than Wegovy
Japan is flirting with its own Liz Truss moment
Energy subsidies, fiscal stimulus, a weak currency and threats to central bank independence. Sound familiar?
Why the world trusts China more than America
Countries suspicious of the US are to be found on every continent, not just in its own back yard
Six things we learnt from the new prime minister’s choices for his top team
New leader signals he will depart from Keir Starmer’s approach in some areas while stressing continuity in others
National Grid taps into US AI power boom
The UK utility company is investing $1.75bn in a developer focused on supplying power to data centres
Pension funds may regret benchmarking their PE portfolios to stonks
Pick a number, any number
Trump to meet Lebanon’s president as US pushes ahead with peace deal
Lebanese army will move into ‘pilot zones’ as part of plan for Israeli withdrawal from the country
FirstFT: Trump prepares to meet Lebanon’s leader
Also in today’s newsletter: US threatens Canada with 50% tariffs and judge pauses Paramount Skydance’s acquisition of Warner Bros Discovery
How does she get that glow?
The beauty expert’s guide to illuminated skin
Trump prepares fresh tariff barrage with 10% levies set to expire
US president to renew trade war after Supreme Court threw out reciprocal duties
Lack of UK jobs growth highlights challenges for Burnham
Payroll employment has flatlined while private sector wage growth eases to slowest pace in five years, ONS figures show
Berenberg discovers accounting manipulation designed to flatter profits
Auditor signs off delayed 2025 accounts, showing net profit fell from €81.6mn to €20.2mn
Thames Water lenders to offer ‘golden share’ to UK government
Creditors plan improved offer in bid to avoid nationalisation by new Burnham government
UK wage growth continues to cool while unemployment rate steady
Bank of England will probably hold rates again in July amid mixed labour market signals
A break with the Starmer era — except at the Treasury
Chancellor from Labour’s ‘old right’ is experienced but unlikely to meaningfully diverge from previous set up
Mitie agrees £3.1bn takeover by rival outsourcer OCS
Facilities management group is latest London-listed company to agree a deal
Julius Baer earnings rebound on early turnaround signs
Zurich-based bank’s net profits more than double to SFr673mn
Cleaning up farm emissions | FT Rethink
Biogas and other resources can help farmers profit from surplus manure
Indian asset manager’s debut revives hopes for local IPO market
Shares of SBI Funds Management jump nearly 9% in country’s largest listing so far this year
Brazil faces unforgiving economics after election
Whoever wins the presidential race will have to face up to the need for fiscal consolidation
Burnham move to eliminate VAT on electricity bills sparks funding row
Government claim that measure would be funded by scrapping digital ID scheme disputed by former minister