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

Deal resolves bitter dispute between established series and breakaway league that has divided men’s game

Saudi Arabia passes four domestic football teams to sovereign fund

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

Editor's picks

The myth of the ‘Asian century’

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

Top stories

SEC requests temporary asset freeze on Binance-linked entities

Live

Markets Briefing. Wall Street stocks edge higher led by financials

2 hours ago

US was aware of Ukrainian plot to attack Nord Stream, says report

Unconfirmed tip from European ally was cited in a leaked US intelligence document, according to Washington Post

US-bound Air India passengers face tense wait after landing in Russia

Sequoia Capital

US venture capital giant Sequoia to split off China business

Group plans to break up into three entities following Beijing’s campaign to rein in country’s largest tech companies

Musk and Dimon lead corporate charge to Beijing as ties with US fray

Cryptocurrencies

SEC lawsuits escalate Gensler’s assault on crypto markets

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

SEC sues Coinbase in widening crackdown on crypto exchanges

Spotlight

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

Our FT correspondent is among the first to try the tech giant’s impressive ‘mixed reality’ headset. But does anyone really need it?

Don’t blame the west if the global south goes its own way

Developing countries have agency of their own, including the power to be wrong

News

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

Pharmaceutical group says parts of law are unconstitutional

India drops evolution and periodic table from some school textbooks

Educators condemn move by Narendra Modi’s government as threat to science teaching and IT sector

Shares in fintech Tingo slump after Hindenburg takes short position

Report alleges that Nasdaq listed company is an ‘exceptionally obvious scam’

Most read

Global Insight. Australia’s self-image shaken by disgraced war hero

Two points of national pride collided in the scandal over Ben Roberts-Smith

Chipmaker TSMC defends overseas expansion plans

Shareholders question strategy but chair says new foundries outside Taiwan can help it maintain global leadership

Investment Banking

Deal drought raises stakes for boutiques

Bankers expect more consolidation if slump in mergers and acquisitions persists

Labour Party UK

The Big Read. The Starmer Project: Labour’s surprisingly bold economic agenda

For all its orthodox rhetoric, the party’s plans for an interventionist industrial policy would represent a striking shift

Property sector

Half of big multinationals plan to cut office space in next three years

Survey shows how companies are adapting their property portfolios to changed working patterns

Pirelli & C SpA

‘Pirelli is in peril’: Pressure rises over Chinese grip on Italian tyremaker

Rome assesses whether to limit state-owned ChemChina’s voting rights or force it to sell down 37% stake

Prince Harry says UK government at ‘rock bottom’

British royal describes ‘incredibly invasive’ articles as he begins testimony in phone-hacking case against Mirror Group

Investor activism

Activists clash with leading German chemical group over board vote

The tussle between proxy agency-backed PrimeStone and Engine and Brenntag over strategy and governance intensifies

Opinion

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

The humanitarian disaster of catastrophic flooding will draw attention away from the unfolding counter-offensive

Will the 22ers become a new political generation?

The war in Ukraine has the potential to define a European cohort but it’s not yet clear whether it will

Timothy Garton Ash

How the digital nomad went corporate

Markets Insight. Opec+ is not on board with Saudi Arabia’s ‘whatever it takes’ message

Lex. Apple: Vision Pro headset looks good but offers no new ideas for VR

Unhedged. In markets, something comes of nothing

How America is reshaping the global economy

Afghanistan’s food crisis could have been avoided

Abdul Saboor Rahmany

More Opinion

US News

‘Fear of missing out’ drives retail investors to ride AI wave

Net purchases of US stocks hit highest daily level in three months, VandaTrack data shows

Chris Christie takes on Trump with second presidential run

3 hours ago

US prepared to address ‘aggressiveness’ of Chinese military

Hollywood actors seek new deal over use of AI ‘digital doubles’

Marshall Wace picks KKR executive to run US business

Crypto exchange Binance sued by SEC in latest blow from US regulators

US banks prepare for losses in rush for commercial property exit

Podcasts

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

16 min listen

Money Clinic with Claer Barrett. Best of Money Clinic: Investment Masterclass: Stuart Kirk has ‘skin in the game’

27 min listen

FT News Briefing. Martin Wolf on saving democratic capitalism: the ‘democratic recession’

43 min listen

Political Fix. The Boris Johnson WhatsApp psychodrama

32 min listen

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

Does owning a home really make you vote Conservative?

Review. The Happy Couple — marriage without the complications

HTSI. Is it a light red or a dark rosé?

Review. The Everything Blueprint — how British chip company Arm became a global powerhouse

Video

Hillary Clinton52 min

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

387 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

1027 hours ago

US manufacturing29 min

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

1171 hours ago

World36 min

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

1627 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

Technology

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

The AI revolution is coming to your workplace. Should we fear it or embrace it?

1 hour ago

UK to strip Chinese surveillance cameras from sensitive government sites

1 hour ago

Live news updates from June 6: SEC sues Coinbase, PGA Tour and Saudi-backed LIV Golf agree to merge

FT Alphaville. In light of SEC suing Coinbase and Binance, some memorable crypto press releases

FT Alphaville. We asked metaverse users what they think of Apple’s VR headset

How the digital nomad went corporate

‘Fear of missing out’ drives retail investors to ride AI wave

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