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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
UK inflation unexpectedly holds steady at 2.8% in May

Figure will ease BoE fears of a lasting impact from the Iran war

Economy Financial Times
As stubborn Starmer digs in, Streeting risks becoming biggest loser

Former health secretary was refreshingly sharp in UK economy speech but faces a formidable set of obstacles

Economy Financial Times
Steady UK inflation removes any pressure for immediate rate rise

Headline inflation remained unchanged at 2.8% in May

Economy Financial Times
Middle East peace deal could herald oil glut next year, IEA says

‘Gradual’ return of flows will give way to sharp rise in production, outstripping forecasts for increased demand

Economy Financial Times
Top Japan executive sounds alarm over ‘endlessly’ investing in US

Yoshimitsu Kobayashi highlights worries over $550bn funding for American infrastructure as domestic productivity lags

Economy Financial Times
Ambani’s Jio set to file for IPO as hopes grow for end …

Iran war has hit country’s equity market and disrupted what was positioned to be another record year for flotations

Economy Financial Times
Ex-Citi executive says bank sacked her after raising Trump concerns

Former employee claims in lawsuit that she identified issues with risk-management practices

Economy Financial Times
Russian warship fires warning shots towards yacht in English Channel

UK says incident is not linked to Britain’s interception of an oil tanker that is part of Moscow’s shadow fleet

Economy Financial Times
Snap defies investor pressure with ‘Specs’ smart glasses launch

Chief Evan Spiegel describes $2,195 eyewear as his ‘life’s work’ as he faces increasing criticism over costs of project

Economy Financial Times
SpaceX leapfrogs Amazon to become world’s fifth-most valuable company

Elon Musk’s AI, rocket and satellite group also announces $60bn deal for AI coding app Cursor

Economy Financial Times
Yum Brands sells struggling Pizza Hut in bet on faster-growing businesses

KFC and Taco Bell owner to offload bulk of fast-food chain to private equity group as part of $2.7bn sale

Economy Financial Times
Notes from the FT Global Bond Summit

The reordering is happening in the asset class, too

Economy Financial Times
Oil sinks below $80 as traders bet Strait of Hormuz flows will …

Brent crude has tumbled to three-month low following agreement to extend US-Iran ceasefire

Economy Financial Times
BMW cuts profit guidance as Iran war adds to challenges in Chinese …

Carmaker expects operating margin in its automotive division to be 1-3% in 2026, a sharp fall from previous projections

Economy Financial Times
Australia-style approaches to social media ban may not work, Ofcom warns

Government considers putting age limits on virtual private networks to help enforce social media restrictions

Economy Financial Times
UK-EU summit set for July 22

Starmer seeks to flesh out plan for closer bilateral ties despite questions over his future as prime minister

Economy Financial Times
Ministers seek to limit costs of next UK offshore wind round

Price will be ‘absolute central factor’ in upcoming auction as government fights to defend its clean power strategy

Economy Financial Times
Reeves ‘hopes’ to fund defence without tax rises

UK chancellor says cabinet has to decide where to cut spending to pay for extra military budget

Economy Financial Times
FirstFT: $300bn reconstruction fund to rebuild Iran

Also in today’s newsletter: Japan’s interest rates hit a 31-year high and private equity’s warning for law and accountancy

Economy Financial Times
Environment secretary casts doubt on £10bn Thames Water rescue

Emma Reynolds’ warning increases prospect of the nationalisation of Britain’s biggest water company

Economy Financial Times
India blocks Telegram in bid to halt exam fraud

Temporary ban introduced after reports that last month’s medical entrance test papers had been leaked

Economy Financial Times
Turkey’s Michelin chefs are fried by high inflation

Food price inflation at 35% is the world’s fourth highest after Venezuela, Iran and South Sudan

Economy Financial Times
Spy agencies buy bulk data to assess potential targets

Commercially gained intelligence is now one of the major sources of government surveillance

Economy Financial Times
Fujitsu chair quits after claims of ‘woman-related’ improper conduct

Hidenori Furata departs Japanese IT services group over allegations

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