China-backed copper mine threatens Pakistan shutdown over security risk
Worsening violence in Balochistan imperils Islamabad’s resource ambitions
Letter: Military support for Ukraine needs a diplomatic endgame
From A Myilsami, Postgraduate Teacher (Retired), Coimbatore, Tamil Nadu, India
Letter: Shipowners need certainty to decarbonise further
From Thomas A Kazakos, Secretary-General, International Chamber of Shipping, London EC3, UK
Trump’s return to war with Iran offers no clear path to victory
Gamble on resuming hostilities raises prospect that conflict will overshadow president’s second term
Letter: China did not abandon its formal alliances
From Naveen Parihar, Bellevue, WA, US
Letter: Don’t subsidise yesterday’s career ladder for youths
From Yakov Filippenko, Founder and CEO, Intch, New York, US
Letter: Nato would be backing a winner with Kyiv
From Eugen Solf, Kronberg, Germany
Letter: Ban non-competes to boost talent velocity
From Eva Barboni, Executive Director, Enterprise Britain, London W11, UK
Letter: Mental health reform requires more resources
From Raj Parkash, London W4, UK
Letter: Reset the WEF by shrinking its board
From Alan Coppin OBE, Former Non-Executive Director, Berkeley Group Holdings, Buckinghamshire, UK
Tyrannosaurus rex skeleton sells for £37.4mn
Circle clashed with Tether-backed fund over market manipulation concerns
New filings detail long-running legal battle between Heka Funds and the $73bn stablecoin group
FT Crossword: Number 18,426
City leaders chew over Reeves’ successor at Mansion House banquet
Conversations at annual gathering focus on who will take key job of chancellor in new Burnham government
Spain reach second World Cup final with comfortable win over France
Spanish players put on calm and controlled display in 2-0 victory over the tournament favourites
Manic markets show no mercy to IBM
Failure will apparently not be tolerated
FirstFT: Wall Street banks shatter records on AI-stock trading frenzy
Also in today’s newsletter: IBM shares plunge and DeepSeek weighs new fundraising
UK teenagers face midnight curfew on using social media platforms
Addictive features such as autoplay videos and infinite scrolling will be switched off under planned laws
New Zealand PM warns against Ardern-era ‘sugar rush economics’
Ex-Air New Zealand boss says financial discipline has put economy back on track after pandemic and recession
Lucid brings in turnaround advisers as EV sales slump
Saudi-owned carmaker has hired AlixPartners to help ‘strengthen operations’
Miliband trails Mahmood in race to become Burnham’s chancellor
Home secretary emerges as favourite for key role amid criticism of energy secretary’s radical net zero policies
Trump says US to abandon proposed Strait of Hormuz cargo fee
US military launches seventh wave of strikes after the president said he would ‘replace’ fees plan with Gulf investment
Transcript: Everything is awesome for banks
Robert Armstrong speaks to John Foley
IBM shares plunge 25% as customers shift spending to AI
Chief executive Arvind Krishna says company ‘faltered’ as clients raced to buy servers and storage