Climate change poses growing threat to UK economy, says BoE official
Sarah Breeden cites evidence that extreme weather events push up inflation in ways central banks find difficult to combat
Jamie Dimon tells Europe: ‘You’re losing’
JPMorgan Chase boss warns on EU competitiveness and market complacency over tariffs
Market volatility recedes as investors brush off Trump’s tariff threats
‘Taco trade’ dominates as stocks, bonds and currencies remain calm
Pentagon strikes investment deal with US critical minerals producer
Unusual agreement follows growing concern in Washington over Chinese dominance of crucial weapons materials
Lula seizes Trump tariff threat to revive re-election push
Unpopular government uses US president’s intervention to brand conservative opponents as traitors
FirstFT: Europe is ‘losing’ the battle to rival US and China, warns Dimon
Also in today’s newsletter, Uniqlo basks in consumers buying ‘summer all year’ clothes, and the Bank of Korea’s interest rate dilemma
UK to return some migrants to France within weeks, Starmer says
The PM says the “one in, one out” deal with France would prove trying to get to the UK via the Channel would be “in vain”.
Tottenham sign West Ham midfielder Kudus for £55m
Tottenham complete the signing of Mohammed Kudus from West Ham for £55m, subject to work permit.
Rosenberg: Putin determined to press on despite threat of tougher sanctions
Despite pressure from Donald Trump’s White House, Russia remain committed to its war effort in Ukraine.
Arsenal poised to make Liverpool’s Smith first £1m female footballer
Arsenal have a world-record bid in excess of £1m accepted by Liverpool for forward Olivia Smith.