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    How US-China tensions shattered Sequoia’s venture capital empire
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    opinion content. The paranoid style in American politics
    Edward Luce
    opinion content. As the world swirls, Saudi Arabia repositions itself as a global linchpin
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    Surprise Canada rate rise ends policy pause and renews inflation fight
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    markets content. Markets Briefing. US and European stocks slip ahead of interest rate decisions
    Media
    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
    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

    opinion content. What the debt ceiling debate missed
    Rana Foroohar
    Golf
    McIlroy says PGA Tour-LIV deal will ultimately be good for golf

    Face of resistance to Saudi Arabia-backed venture says he still ‘hates’ rival tour after shock tie-up was announced

    Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf

    Spotlight

    US equities
    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

    Employment
    Too good to be true? The fake recruiters targeting jobseekers

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

    News

    Oil & Gas industry
    Canadian refiner Irving Oil explores options including sale

    New Brunswick company controls country’s largest petroleum refinery and other fuel assets

    new
    Energy crisis drives record profits at commodity trader Trafigura
    Turkish lira
    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

    opinion content. Markets Insight. Turkey needs a significant adjustment in the lira
    Liam Peach
    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

    Most read

    1. Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf
    2. opinion content. The myth of the ‘Asian century’
    3. Military briefing: Russia has most to gain from Ukrainian dam breach
    4. US Treasury’s $1tn borrowing drive set to put banks under strain
    5. US-bound Air India passengers face tense wait after landing in Russia
    War in Ukraine
    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
    Prince Harry
    Prince Harry attacks Mirror Group for ‘industrial-scale destruction of evidence’

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

    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

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

    The opposition leader has consolidated control by taking over party machinery and sidelining the left as he bids for power

    Trade unions
    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

    Wirecard AG
    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

    Chinese trade
    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

    US News

    SEC lawsuits escalate Gensler’s assault on crypto markets

    US regulator fires broadside against digital assets market with Binance and Coinbase legal actions

    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
    Chris Christie takes on Trump with second presidential run

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    Podcasts

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

    Menswear
    HTSI. The summer suit just got a lot more seductive
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    Interview. Artist Larry Achiampong: ‘Video games are just like a piece of literature’
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    Ally Pally at 150: celebrating London’s ‘people’s palace’
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    HTSI. Men, where to find the perfect T-shirt

    Video

    Hillary Clinton52 min
    video content. Hillary Clinton on China, Putin and the threat to US democracy
    Italian politics19 min
    video content. Italian companies suffer Russia market loss | FT Film
    US manufacturing29 min
    video content. Why 3D printing is vital to success of US manufacturing | FT Film
    World36 min
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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

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    The Big Read. Orlen: is Poland’s energy giant a tool of the government?
    opinion content. Letter from the editor on generative AI and the FT
    Roula Khalaf
    Review. FT business books: what to read this month
    opinion content. Dear Jonathan. How do I leave academia and move into management consultancy?
    Jonathan Black
    ‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

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    Markets News

    SEC sues Coinbase in widening crackdown on crypto exchanges

    Shares of digital asset venue fall a day after US regulator’s complaint against rival Binance

    Traders pull $800mn out of Binance after SEC lawsuit
    SEC lawsuits escalate Gensler’s assault on crypto markets
    ‘Fear of missing out’ drives retail investors to ride AI wave
    markets content. Markets Briefing. Wall Street stocks edge higher led by financials
    EU and UK need to overhaul securitisation rules, finance group urges
    Crypto exchange Binance sued by SEC in latest blow from US regulators

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    Technology

    HTSI. Five gadgets for the connected home

    A banging and beautiful WiFi speaker, plus more tech for smarter living

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    US venture capital giant Sequoia to split off China business
    opinion content. Lex. The Lex Newsletter: Apple, VR and the $37bn elephant in the room
    Elaine Moore
    Tech sector’s hopes dim for quick US-UK digital trade deal
    EU considers mandatory ban on using Huawei to build 5G
    audio content. Working It. Bored at work? How AI could come to the rescue

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