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Wildfire smoke makes New York air quality worst in world

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

updated

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

Climate Capital. Wildfires in boreal forests release record levels of carbon, satellite study shows

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: Ryan Cohen named executive chair at GameStop as CEO terminated

Live

Markets Briefing. Tech sell-off drags US stocks lower

3 hours ago

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

What the debt ceiling debate missed

Sport

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

Argentine set to add a dose of star power to US club amid global war for talent

2 hours ago

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

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

Oil & Gas industry

Canadian refiner Irving Oil explores options including sale

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

Energy crisis drives record profits at commodity trader Trafigura

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

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

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 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

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

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

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

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

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

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

Hillary Clinton52 min

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

412 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

1051 hours ago

US manufacturing29 min

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

1195 hours ago

World36 min

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

1651 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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