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France and Spain evacuate 200,000 people as ‘unprecedented’ wildfires spread
Extreme heat and high winds fuel fast-moving blazes as authorities in both countries battle to contain them
Russia’s biggest online retailer becomes target in Ukraine drone war
The strongman of Pakistan
Welcome to the era of financial candyfloss
US hits 60 countries with new duties as Trump rebuilds tariff wall
Meta faces higher borrowing costs in latest $12bn data centre financing

Oil hovers near $100 as Trump weighs ‘massive attack’
Middle East tensions have risen after Red Sea attacks by Houthi militants threatened to squeeze global supplies further
Oil price surge drives global bond sell-off

Oil jumps to $98 after Houthis attack two Saudi Arabian oil tankers
Yemeni rebels say they used missiles and drones to target the vessels Encelia and Layla

Military briefing: can the US reopen the Strait of Hormuz by force?
Renewed air campaign has yet to reassure shipowners the waterway can be made safe from Iranian attacks

Japan awakes
Why 1 per cent interest rates could shake everything up after a generation of deflation

Trump Media fast feed for president’s posts sparks Wall Street backlash
New venture has raised questions as financial firms decipher risk of paying for advanced access to market-moving feed

US oil refineries run at breakneck speeds as wars choke fuel supplies
High utilisation rates create risks of outages at a time when fuel prices are already up sharply

Is Trump winning the tariff wars?
Time to tot up the scores

Jes Staley to testify on Capitol Hill over ties to Epstein
Former Barclays chief to take questions from House oversight committee over his links to the late sex offender

US and Saudi Arabia agree landmark nuclear energy pact
Washington says deal would pave the way for ‘decades-long, multibillion-dollar partnership’

Nearly 100 US troops injured in two weeks since Iran war resumed
The Pentagon says most soldiers suffered ‘minor concussions’ and have returned to duty

Midwest sunset: Trump’s tariffs hit America’s agricultural powerhouse
The US is on the verge of losing its status as the world’s leading exporter

AI is becoming a geopolitical weapon, warns EU digital chief
Europe needs to avoid relying on an unpredictable Washington for strategic capabilities, says Henna Virkkunen

Psychedelic drugs are going mainstream
Commercial success is looking less theoretical for treatments based on mushrooms and LSD

China weighs tighter export controls on AI models and chips
Beijing consults companies on ways to stop west acquiring its advanced technologies and star start-ups

Pointers for Burnham on what Britain really wants
The new prime minister can learn from 40 years of polling the UK population

Yemen’s Houthi rebels threaten blockade against Saudi Arabia
Renewed fighting puts kingdom’s crude exports through Red Sea at risk

Oil touches $90 after Iran hits tankers
Crude later falls back after Tehran says it has received proposals from mediators about the war

Spain beat Argentina to win World Cup for second time
Extra-time winner from Ferran Torres is decisive moment in tight but completely one-sided final

US day traders flock to ‘the most dangerous product in crypto’
Trump administration has opened American markets to highly leveraged perpetual futures

UK seeks extradition of Andrew and Tristan Tate after arrest in Miami
Crown Prosecution Service announces fresh charges of rape and sexual exploitation against social media influencers

Iran strikes Saudi Arabia for first time in months
Tit-for-tat strikes undermine efforts to reopen Strait of Hormuz

AI isn’t destroying entry-level jobs. It’s changing them
Here are the ways leading companies are already responding to the AI revolution in professional services

Xi says China must play leading role in AI
President calls for ‘positive’ use of technology as Beijing seeks to strengthen influence over standards

Hotel group Accor hired law firm to investigate conduct of CEO Bazin
Report found no wrongdoing after probing allegations of impropriety in Accor’s dealings with associates of Bazin

Why Iran is returning to war
Its rulers believe that further escalation will force the US to offer the security and economic relief it craves

The dangers of investor fatalism
Reports of a Russo-Chinese plan to disable satellites underline how markets are ignoring geopolitical threats to the…

US chip and memory stocks slide in fresh bout of Wall Street tumult
Investors pull away from shares in companies that have led markets higher this year

Trump claims ‘shocking vulnerabilities’ in US electoral system
President accuses China of election meddling as he seeks to pre-emptively undermine midterm polls
China’s economy grows at one of lowest rates in decades
ASML raises forecasts as AI boom drives chipmaking demand

Trump’s return to war with Iran offers no clear path to victory
Gamble on resuming hostilities raises prospect that conflict will overshadow president’s second term

Oil hits $85 as battle for Strait of Hormuz alarms energy markets
Stocks and bonds hit by higher oil price as fears rise over renewed inflation shock

Global stocks fall as Asian memory chipmakers hammered
Oil jumps as US-Iran hostilities escalate and investors go into ‘risk-off’ mode

US launches more strikes on Iran as ceasefire teeters
Fighting escalates as Trump insists Strait of Hormuz remains open while Tehran says it is closed

Jane Fraser’s ruthless remake of Citigroup
The bank has sold assets, cut jobs and made controversial new hires while cultivating a closer relationship with…

Deutsche Bank and UniCredit sue Linde over Russia sanctions losses
Test case will determine whether lenders can recover hundreds of millions of euros seized by courts

Dimon pressed over whether he lobbied UK government on Epstein’s advice
US Senator Elizabeth Warren demands JPMorgan boss explain any links with paedophile over proposed tax on bankers’…

Companies turn to Chinese AI models to cut costs
DoorDash, Siemens and Airbnb are among those seeking to curb ballooning bills and reduce reliance on US technology

AI is not enough to arrest China’s decline
There are other, more powerful forces weighing on the country’s economy

Wall Street feasts on fees from SpaceX IPO and mega-mergers
Top US banks benefit from revival of large deals as AI optimism and strong consumer fuel market rally

‘Trump accounts’ and how to spread America’s wealth
Political stability in the US requires it — the question is, pre-distribution or redistribution?
Nippon Paint offers €7.5bn for AkzoNobel unit in attempt to gatecrash rival deal
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