Owner of Peugeot and Fiat brands picks internal candidate to succeed Carlos Tavares
EU companies more concerned about China slowdown than tariffs
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Survey indicates hurdles for Beijing as it negotiates with US on trade
Japan’s 40-year bond sale draws weakest demand since July
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Long-dated debt sells off as concerns mount over world’s third-largest market
Zelenskyy meets Merz to shore up support amid Trump uncertainty
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Also in this newsletter: French National Assembly backs assisted dying bill
FirstFT: Trump’s patience with Putin wears thin as calls grow for more US sanctions
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Also in today’s newsletter, McKinsey sheds 10% of staff and lessons from Beijing’s Made in China plan
‘Anti-feminist’ candidate woos young voters in South Korean poll
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Ruling party calls for unity as they seek to challenge leftwing frontrunner
Musk criticises Trump’s ‘big, beautiful’ tax bill
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Billionaire’s comments are strongest rebuke of US president’s agenda yet
Saudi AI company courts US tech investors and plans $10bn fund
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PIF-backed Humain plans to use kingdom’s financial might to become global AI hub
UK’s clean energy goals are reassuringly unattainable
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Ambition, at the very least, spurs action
Should ordinary US retirement accounts be investing in private assets?
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Some worry that PE funds could become a dumping ground
The lessons from China’s dominance in manufacturing
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Beijing’s aggressive investments in domestic production have strained trade relations with western partners. But can the world learn from it?
SpaceX Starship rocket fails to deploy satellites and explodes on re-entry
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Elon Musk says leaks caused loss of pressure as rocket’s upper stage shatters over Indian Ocean
India offers US ‘deep’ tariff cuts, but shields grain and dairy markets
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New Delhi hopes to head off Trump’s threat of 26% duties while protecting vast agricultural sector
US government will not renew Chevron’s Venezuela oil licence
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Trump administration hardens stance on President Nicolás Maduro despite lobbying from the company
US stocks jump as Trump touts ‘positive’ progress on EU trade talks
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Stronger than expected consumer confidence reading adds to buoyant investor mood
McKinsey sheds 10% of staff in 2-year profitability drive
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Shrinking headcount at consultancy firm contrasts with increased hiring at rival BCG
Nigeria’s shock therapy
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Citizens have yet to feel the benefit of economic reform, but Bola Tinubu should press on
UK bioethanol factories face closure after Trump trade deal
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British state support needed to prevent loss of production facilities after tariff changes, industry warns
US Supreme Court clears way for Rio Tinto’s Resolution copper mine
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The project, jointly owned with BHP, would eventually meet a quarter of US needs for the metal
The true cost of arbitrary detention
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Locking up dissidents isn’t just a violation of human rights. It can also be an economic liability
Japanese bonds rally on hopes of less supply
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Finance ministry survey appears designed to confirm that demand for super long-dated JGBs is low
Bulgaria says it is back on track to adopt euro in 2026
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Eurozone accession was repeatedly pushed back due to political turmoil and rising inflation
Can a new board reform Nigeria’s national oil company?
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Leadership is tasked with reviving output and attracting investment in Africa’s largest crude producer
Chinese solar billionaire steps back as industry turmoil deepens
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Longi says Li Zhenguo to withdraw from day-to-day management and focus on research and development
Shareholders back 7-Eleven owner’s management amid $50bn takeover battle
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Seven & i’s annual meeting approves all board members and proposals to clear way for new CEO’s appointment
Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears
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Electric vehicle leader announces fresh round of price cuts for its models
DR Congo eyes US minerals deal tied to peace in rebel-hit east by end of June
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Another round of negotiations in Washington expected next week
My weekend at Zambia’s wild, waterborne carnival
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When floods spill across the western plains, the stage is set for the remarkable celebration of Kuomboka — and tourists are being invited to join the party
PinkPantheress: Fancy That — figurehead of Gen Z pop knows how to tell a story
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TikTok was the singer’s launchpad but her ethos is less carefree than it seems
Federal Reserve holds rates steady as it grapples with tariff uncertainty
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Monetary policymakers face increasingly difficult battle figuring out how, and when, to take action
EU threatens tariffs on US cars if talks with Washington fail
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Brussels also plans to target aircraft, bourbon and wine in latest retaliation proposals
EU companies in China see some benefit from Donald Trump’s trade war
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Survey finds high tariffs hurting European businesses but also offering chance to win market share from US rivals
OpenAI still has a governance problem
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Remaining under the control of a non-profit board does not negate the risks of increasingly autonomous AI models
Bill Gates accuses Elon Musk of ‘killing’ children with USAID cuts
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Billionaire reopens feud with Tesla chief as he unveils plan to spend $200bn on philanthropy and close foundation in 2045
The foreign landscape of British politics
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There may no longer be space for two major parties of the traditional middle after Reform’s disruption
Pakistani drone attacks ‘neutralised’, says India, as skirmishes escalate
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New Delhi knocks out air defence system in barrage on Lahore and Rawalpindi
Could the US coal industry make a comeback?
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The power source may be finding a second wind amid swelling demand for electricity
Early US trade pact is a diplomatic win as Starmer struggles at home
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Agreement likely to be narrow in scope and largely an exercise in damage limitation
UK house prices rise ahead of Bank of England decision
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Figures released as central bank is expected to cut interest rates
Carlyle earnings signal buyout pioneer is returning to growth
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Chief Harvey Schwartz expresses optimism US Federal Reserve can act quickly to cut rates if needed
The case for universities
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Institutions everywhere are in crisis, but they will survive
Trump’s tariffs will boomerang on US exporters
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A tax on imports is a tax on exports
China’s ageing population powers the insurance sector
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Life and health insurers are benefiting from both long-term demographic tailwinds and the AI revolution
Nintendo predicts 15mn Switch 2 sales in tariff-hit first year
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Eagerly awaited games console goes on sale in the US next month at a higher-than-expected $450 price tag
BlackRock orders managing directors back to the office five days a week
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Decision is aimed at boosting collaboration as companies roll back pandemic-era policies
Heathrow took 7 hours to restart flights after power restored, report finds
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Root cause of blaze at electricity substation supplying Europe’s busiest airport still not known
Now the Romanian leu is kicking off as well
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A 1990s vibe shift
Maersk boss says upending global trade with tariffs could take decades
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Vincent Clerc says changing supply chains fast using trade war is ‘very unrealistic’
Yvette Cooper’s shadow looms over UK trade ambitions
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Deal with India signals progress, but Home Office still sets terms on government’s immigration strategy
Trump to announce trade deal with UK
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Limited agreement is expected to be focused on UK steel and car exports
