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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

2 hours ago

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

‘Spectacle of lies’: the blowback from CNN’s town hall with Donald Trump

Labour Party UK

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

Editor's picks

The paranoid style in American politics

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

Top stories

Surprise Canada rate rise ends policy pause and renews inflation fight

Live

Markets Briefing. US and European stocks rise as investors prepare for interest rate decisions

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

updated

What the debt ceiling debate missed

OECD chief economist calls for governments to cut fiscal support

Clare Lombardelli says measures must now target ‘those who really need it’

Energy crisis drives record profits at commodity trader Trafigura

Earnings cushion blow from impairment charges over alleged nickel fraud

Spotlight

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

Too good to be true? The fake recruiters targeting jobseekers

Elaborate scams are on the rise, putting candidates and reputable employers at risk

News

US-China relations

Blinken to visit China this month in sign of easing tensions

US secretary of state had scrapped planned trip over suspected spy balloon incident

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

updated

Markets Insight. Turkey needs a significant adjustment in the lira

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

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

updated

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

Middle Eastern politics & society

Bellwether student votes show Hamas’s growing support in West Bank

Campus defeats highlight public anger with Fatah, the party that dominates Palestinian Authority

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

1 hour ago

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

The creator of the show, now in its sixth season, discusses avoiding Elon Musk and NFTs, and asking ChatGPT to write an episode precis

Zara owner Inditex boosted by strong sales of summer clothes

Spanish group now fourth most valuable clothing retailer by market capitalisation

3 hours ago

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

Diageo chief Ivan Menezes dies

Drinks company’s boss of 10 years had been receiving hospital treatment

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

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

Financial diplomacy can break the military and political deadlock that has brought the country to the brink of collapse

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

The disintegration of the insurance sector alliance under Gfanz emphasises such coalitions will need to adapt

The never-ending problem with public inquiries

Robert Shrimsley

The Hitler beetle, the Taylor Swift millipede and the politics of scientific names

The myth of the ‘Asian century’

Unhedged. The SEC is wrong about crypto exchanges

Robert Armstrong

Inside Business. Japan’s supply chain predicament

Instant Insight. Dam breach gives Russia a new weapon in Ukraine war

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

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

FT Weekend podcast. Food and Drink mini-series: demystifying wine with André Mack

24 min listen

FT News Briefing. Sequoia Capital to spin off its China business

8 min listen

HTSI. The summer suit just got a lot more seductive

Interview. Artist Larry Achiampong: ‘Video games are just like a piece of literature’

Ally Pally at 150: celebrating London’s ‘people’s palace’

Eating and drinking in Madrid

FT Globetrotter. Six Madrid bars showcasing stellar local wines

HTSI. Men, where to find the perfect T-shirt

Video

Hillary Clinton52 min

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

404 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

1044 hours ago

US manufacturing29 min

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

1188 hours ago

World36 min

North Korea and the triads: gangsters, ghost ships and spies | FT Film

1644 hours ago

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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Strategies For Deploying Clean Hydrogen At Scale

Future of Finance

Money & Payments for a World in Transition

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