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US to link up with Taiwan and Japan drone fleets to share real-time data

Military co-ordination with Taipei is ‘taboo’ issue for China, analysts said

3 hours ago

Blinken to visit China this month in sign of easing tensions

US prepared to address ‘aggressiveness’ of Chinese military

Sequoia Capital

How US-China tensions shattered Sequoia’s venture capital empire

Editor's picks

The paranoid style in American politics

As the world swirls, Saudi Arabia repositions itself as a global linchpin

Top stories

Live news: Singapore’s new carbon exchange clears 12,000 tonnes of credits on first trading day

Live

Markets Briefing. Tech sell-off drags US stocks lower

Wildfire smoke makes New York air quality worst in world

Plumes from burning Canadian forests move across North American cities and force residents indoors

Wildfires in forests of Canada and Russia put climate scientists on alert

US Treasury bonds

US Treasury’s $1tn borrowing drive set to put banks under strain

Analysts fear scale of new issuance following debt ceiling fight will push up yields and suck cash out of deposits

What the debt ceiling debate missed

Sport

Lionel Messi says he will join Major League Soccer’s Inter Miami

Argentine to add star power to US club amid global war for talent

McIlroy says PGA Tour-LIV deal will ultimately be good for golf

Spotlight

Japanese business & finance

Tokyo could win ‘not China’ global hub status — but it must want it

Optimists see the chance of benefits as Sino-US tensions alter the financial dynamics

Nvidia’s rally forces money managers to play catch-up

Funds lightened exposure to chipmaker before bullish AI sales forecast made it a $1tn company

News

Chris Licht out as CNN chief after series of stumbles

Ouster comes barely a year after he was handpicked by new Warner Bros Discovery leadership

Warner Bros Discovery chief turns to longtime confidant to save wounded CNN

Turkish lira slumps as new economic team starts ‘intentional devaluation’

Currency undergoes biggest fall since late 2021 after finance minister’s pledge to restore ‘rational’ policies

Markets Insight. Turkey needs a significant adjustment in the lira

UK politics & policy

Britain to host first global AI regulation summit in autumn

UK can exert leadership in setting ‘guardrails’ for new technology, Sunak to tell Biden in Washington meeting

The Big Read. Keir Starmer’s ruthless remaking of the Labour party

Most read

Thousands race to flee Ukraine towns as flooding spreads

Large areas left without clean drinking water as civilians warned to be wary of landmines caught up in torrents

Military briefing: Russia has most to gain from Ukrainian dam breach

South Korean business & finance

New York sues Hyundai and Kia over ‘explosion’ of car thefts

Viral TikTok videos on how to steal the vehicles led to a surge in crime, says the city’s law department

Nato plans show of strength with biggest ever air exercise

German-led drill aims to display alliance’s ability to mount swift response against potential Russian aggression

Aerospace & Defence

India and Germany in talks on €5bn submarine deal

Thyssenkrupp and Mazagon Dock expected to sign memorandum of understanding

Prince Harry attacks Mirror Group for ‘industrial-scale destruction of evidence’

Duke of Sussex alleges journalists covered their tracks to conceal illegal phone hacking

Markus Braun told Wirecard’s top lawyer that compliance was ‘crap’, court hears

Collapsed German payments company retrospectively created supervisory board minutes, says group’s former legal chief

China exports recede in May as economy struggles to mount strong recovery

Imports decline less than expected in optimistic signal as manufacturing growth continues to lag behind

Eurozone economy

Revised figures set to show eurozone economy is shrinking

Eurostat data out Thursday could show region contracted in the fourth quarter of 2022 and first three months of this year

Opinion

Spoiler or no spoiler? It’s a tangled etiquette

Knowing how a story ends can sometimes increase our enjoyment of it — but not for everyone

Outlook. Viewed from Kyiv, Europe’s strengths and weaknesses are painfully visible

A recent trip to the city demonstrated the power of the Ukrainians and the pettiness of EU political squabbles

Constanze Stelzenmüller

The never-ending problem with public inquiries

Robert Shrimsley

The crisis in Sudan calls for a new model of humanitarian aid

Trade Secrets. The US trade pledge to the Indo-Pacific is empty

Obituary. Ivan Menezes, businessman, 1959-2023

The FT View. Dam disaster complicates Ukraine’s counteroffensive

The editorial board

Don’t let America’s ‘war on woke’ kill off climate collaboration

More Opinion

US News

Teamsters boss vows tougher line in US labour talks

Sean O’Brien says he is taking a ‘militant approach’ as the possibility of a strike at delivery group UPS looms

SEC lawsuits escalate Gensler’s assault on crypto markets

Morgan Stanley’s M&A chair Rob Kindler joins law firm Paul Weiss

Tech sector’s hopes dim for quick US-UK digital trade deal

Hands on with Apple’s Vision Pro: bringing the metaverse to life

Merck accuses US of ‘extortion’ in lawsuit against drug price controls

US venture capital giant Sequoia to split off China business

Podcasts

Rachman Review. David Lammy on Britain’s place in the world

28 min listen

FT News Briefing. The housing supply problem: Part 3

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Behind the Money. Libor's long goodbye

17 min listen

Working It. Bored at work? How AI could come to the rescue

16 min listen

Interview. Charlie Brooker on satirising TV in Black Mirror: ‘If it wasn’t on Netflix, we’d be sued’

Review. Roger Waters in fightback mode at London’s O2 Arena — review

Interview. Silvia Venturini Fendi: ‘To be noticed, you need to be decorated’

FT Magazine. Tomato summer pudding — a Ravinder Bhogal recipe

HTSI. Five gadgets for the connected home

Video

Media29 min

Disney: Return of Iger, 'King of Hollywood' | FT Film

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Hillary Clinton52 min

Hillary Clinton on China, Putin and the threat to US democracy

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Italian politics19 min

Italian companies suffer Russia market loss | FT Film

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US manufacturing29 min

Why 3D printing is vital to success of US manufacturing | FT Film

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Highlights

The Henry Mance Interview. Anti-monarchist Graham Smith: The British royals are ‘tax-funded Kardashians’

Head of the campaign group Republic on why the monarchy should be abolished and the government’s protest laws revoked

Can a virtual PA turbocharge your career?

The Big Read. Orlen: is Poland’s energy giant a tool of the government?

Letter from the editor on generative AI and the FT

Review. FT business books: what to read this month

Dear Jonathan. How do I leave academia and move into management consultancy?

‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

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