Top stories

French official in running to succeed Draghi laments decline of co-operation

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ECB paper finds hedging rates can be 25 times higher than those of bigger clients

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Stricter enforcement of immigration rules sees increase in visa rejections

US supermarket retailer working to compete with ecommerce rivals

Inside Business Patrick Jenkins

Companies often kowtow to criticism in China, but UBS should stand by its economist Paul Donovan

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The property magnate obsesses over detail but also has an eye on a bigger picture: to be mayor of Los Angeles

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Probe extends to every country in group’s network

Leadership rivals may be left chasing second place even with Johnson no-show

Crown prince says Riyadh will ‘not hesitate’ to defend its interests after tanker attacks

How a murder in Taiwan triggered a crisis and prompted mainland officials to weigh in 

Dennis Muilenburg says he was disappointed the group had not ‘crisply communicated’ over fatal crashes

FT Weekend

The fitness scene is helping the area buck the downward trend in Italian house prices

When one writer called in an expert, the family’s muddy urban patch became a thriving kitchen garden

Madonna rails against ageism in the media, but the truth is harsher than that

US News

Retail sales rose for a second straight month in May

Amgen, Merck and Eli Lilly say Trump administration’s move infringes on free speech

Strong demand gives PetSmart subsidiary a market value of about $15bn

New rent-control rules signal an end to a quarter century of domination by big landlords

Opinion

Highlights

Wealth taxes may not be as punitive as feared and might even encourage the entrepreneurial

Older men act as mentors to guide disaffected youths into adulthood and working life

At some institutions, the number of women and minority MBA students has barely shifted

Markets News

IPOs of UAE groups Network International and Finablr have lifted London exchange

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Concerns about trade and Gulf tensions spur rush towards sovereign debt

Technology

Urban mobility is being transformed below ground, on the streets and in the air. We are presented by a range of technologies that are set to revolutionise how we travel across the megacities of the future. This first chapter of our 2050 series investigates these different visions of the future, and the practical challenges in achieving them.

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Today’s start-ups and urban projects hint at the future of urban mobility

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Public remain to be convinced before air taxis can hurtle over our heads

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Life & Arts