World News Feed

Communist Vietnam bets on Korean-style ‘chaebols’ to boost growth

Hanoi prioritises homegrown conglomerates after relying on trade and foreign investment

JBS heir to become CEO of world’s largest meatpacker

Wesley Batista Filho’s move to the top role will restore control of the company to its founding family

Wall Street giants partner with Nvidia on $500bn AI financing deal

Apollo, Blackstone and Goldman Sachs are among groups working with chipmaker to raise capital for data centre boom

Iran’s supreme leader tightens grip with top appointments

A raft of senior military and regime moves come as Tehran hardens its rhetoric over deal with US

Burnham to crack down on vape and betting shops in bid to …

Councils will be given extra powers to curb unwanted retailers and ‘bring town centres back to life’

Colombian earthquake kills at least 111

7.4-magnitude earthquake flattens buildings in the cities of Cali, Pereira and Manizales

Glencore-backed group looks to rescue cobalt refiner Sherritt

New consortium is the second major investor aiming for control of North America’s only cobalt refinery

Marine heatwaves strike as climate change plays out ‘in front of our …

Sea temperature records broken for month of July, Copernicus report reveals

The ICC is all the women of Afghanistan have left

Trump’s vow to dismantle the international court will inaugurate a new era of impunity

Shein IPO pitched to investors at sub-$30bn valuation

Fast-fashion retailer has suffered a roughly 70% drop in valuation over past four years

Comms trouble

Criticism of the Fed’s new communications strategy has been pointed

Indonesia nominates new central bank governor after market turmoil

Elevation of veteran technocrat Destry Damayanti comes after previous chief’s sudden resignation

Farage’s biggest threat is a divided right

Even if Reform wins in Clacton, the party has a long way to go to cement itself as UK’s only alternative to Labour

Summary of opinions suggests BoJ set for more tightening

One rate-setter noted that the central bank could deliver more rate rises than market expectations

Hong Kong builds its next chapter — and closer ties with China

Evictions under way in remote rural villages as city strives to reinvent economy

Your move, BoJ

Plus, the weak jobs report

Iran replaces top security official at crucial moment in talks over Strait …

Mohsen Rezaei appointed head of Supreme National Security Council after Mohammad Bagher Zolghadr steps down

Organised crime suspect Daniel Kinahan extradited from Dubai to Ireland

Irish government jet believed to be carrying alleged drug trafficker lands in Dublin

Burnham promises to tackle false discounts in latest cost-of-living pledge

FirstFT: Ex-CIA officials warn Donald Trump is dismantling US guardrails

Also in today’s newsletter: Kashmir protests test Pakistan’s military rulers and the bank behind China’s AI listings bonanza

Tehran says US must meet new conditions before Iran reopens strait

Iranian rhetoric hardens amid push to seal deal between Islamic republic and Oman that would reopen the waterway

A very British by-election reaches its finale

Clacton poll unlikely to settle serious questions over Reform UK leader, while a solar eclipse promises an economic lift

Syria makes deal to take control of Russian bases

Strategic blow for Moscow as Trump moves closer to Damascus regime

Britain needs to redefine what it considers cutting-edge

Burnham should promote a broader conception of advanced manufacturing that goes beyond frontier technologies