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Swift, the financial payments system that has about 11,000 banks as customers, has warned of a second financial cyber attack, mirroring one of the biggest ever robberies earlier this year at the Bangladesh central bank.

Without naming the bank, Swift said the “attackers clearly exhibit a deep and sophisticated knowledge of specific operational controls within the targeted banks — knowledge that may have been gained from malicious insiders or cyber attacks, or a combination of both”. (FT)

In the news

The recession risk The Bank of England warned that a vote for Brexit could cost jobs, raise prices, send the pound plummeting and even lead to recession, as Governor Mark Carney delivered the central bank’s most outspoken comments to date on next month’s referendum on whether to remain in the EU. (FT)

Rousseff out, Temer in Brazil’s new leader Michel Temer has pledged that investigations into corruption at Petrobras, the state-owned oil company, would be protected from political interference. His comments come hot on the heels of a Senate decision to suspend Dilma Rousseff and open a formal impeachment process against her for budgetary crimes. (FT)

Apple makes taxi investment Apple is to invest $1bn in Didi Chuxing— the biggest injection received by the lossmaking Chinese ride-hailing app that is Uber’s main competitor in the country. It’s a small investment compared with Apple’s $233bn cash pile, but it will be the US group’s largest minority investment and marks a departure from its historic aversion to funding start-ups. A retreat in Apple’s stock on Thursday left its market capitalisation at $494.7bn, effectively putting it neck-and-neck with Alphabet in the world’s most valuable company contest. (FT)

Drug-fuelled Olympic glory Grigory Rodchenkov, who ran the lab that handled testing for thousands of Olympians during the 2014 Sochi games, said he developed a three-drug cocktail of banned substances that he gave to dozens of Russian athletes, including at least 15 medal winners. (NYT)

Donald Trump and Paul Ryan: A united front? The presumptive Republican nominee and the highest-elected GOP official emerged from a closed-door meeting pledging to work toward unifying the party, even as Mr Ryan refused to explicitly endorse the former reality TV star. The situation is complicated for Mr Ryan, as he considers his own political future both as Speaker of the House and a potential future presidential candidate. Sign up for our daily US politics newsletter here. (FT, NYT)

Bayer explores $40bn bid for Monsanto The German chemicals and drugs company has been studying how a combination with the US genetically-modified seeds company would be structured. If a bid is launched, it would come nearly a year after Monsanto's failed attempt to acquire another rival, Switzerland’s Syngenta. (FT)

It's a big day for

US-Nordic relations President Barack Obama hosts the leaders of Denmark, Finland, Iceland, Norway and Sweden for a summit and state dinner. Here, the countries' ambassadors lay out why these ties are important. (HuffPo)

Food for thought

Israel: diamonds in the rough Long operated on a system of trust, the opaque world of Israel’s diamond bourse has come under scrutiny due to a criminal investigation over alleged fraud. At stake is the future of a major industry in Israel with deep roots in Jewish history. (FT)

Earth’s rules of attraction Physicists have observed a mysterious process called “magnetic reconnection” for the first time, a discovery that may help unlock the secrets of space weather and provide insight into the invisible magnetic field surrounding the planet. (Gizmodo)

Lunch with Sean Penn The Oscar-winning actor doesn’t want to eat at Chez Jay, a steaks and beer joint in Santa Monica. He is in debt to “every bookmaker that waterhole hosts”. Instead, he opts for a pack of cigarettes — with some food on the side — at a quiet nearby hotel, where he talks about new movies, activism and that infamous interview with a Mexican drug kingpin. (FT)

Bring outdated dress codes to heel The FT’s Brooke Masters on the high-heels flap that has ensnared PwC and staffing agency Portico. “Whatever your personal preference, a heels requirement certainly has no place in the lobby of a consulting firm that regularly bangs on about the need for diversity and even sponsors a blog about equality issues called ‘The Gender Agenda’.” (FT)

The British spin-doctor advising Beijing With his towering frame and voluminous afro, he may stand out among Beijing’s top propaganda and media officials. But Briton Sameh El-Shahat says he and the Chinese bureaucrats who seek his help are all in the same boat: rowing against a tide of Western cynicism. (WSJ)

Is London the world’s greatest city? Many people think the heyday of the British capital has long since passed, but there is a compelling case to be made that the city is now more exciting than ever. (BBC)

Video of the day

Google v Apple, round 2 As Google again draws level with Apple as the world’s largest company, John Authers looks at the historic performance of companies once they have become the largest. (FT)

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