FirstFT: Russia shipping drones to Iran, says western intelligence
Also in today’s newsletter: Meta and Google held liable in social media addiction case and China restricts Manus co-founders from leaving country
SpaceX boosts IPO ambition with plans to raise $75bn
Elon Musk’s rocket company told investors it hopes to go public with a $1.75tn valuation
Meta and Google liable for harm to children’s mental health in landmark US case
Jury awards at least $3mn in damages with Instagram owner to pay the majority
Republicans back Iran war even as voters feel ‘Biden-level’ petrol price pain
Lawmakers aim to reassure constituents that cost increases are temporary
UK says Chinese wind turbine maker poses national security threat
Ming Yang’s plans to build Scottish factory to supply offshore wind farms thwarted
Monte dei Paschi revokes chief executive’s powers
Lender’s move against Luigi Lovaglio comes after he challenged a plan to replace him
Russia sending drones to Iran, western intelligence says
Moscow close to completing phased deliveries of lethal weapons, food and medicine to Tehran
Jefferies reports new $10mn First Brands loss as it writes off exposure
Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier
British employers to be required to report ethnicity and disability pay gaps
Organisations with more than 250 staff will need to publish annual figures and earnings distribution rankings
Iraq summons US envoy over ‘heinous’ strike
Baghdad calls bombing of military base, which killed seven Iraqi soldiers, a violation of international law
South Africa’s police chief charged in corruption probe
Twelve senior officers also charged in investigation into award of health services contract
The other Strait of Hormuz shock
Disruption to commodities far beyond oil and gas will have a long-lasting impact
Wealthy student seeks anonymity over links to $2bn money laundering probe
National Crime Agency has frozen multimillion-pound assets of woman with ambition of working in banking
Senegal defends use of derivatives in €650mn of undisclosed borrowing
Cash-strapped nation says swaps gave it access to cheaper borrowing and denies deals were opaque
Odey says he was ‘the victim’ and denies trying to silence woman he groped
Cross-examination of financier continues in his case against UK regulator
Elliott offers Synopsys a masterclass in throwing its weight around
This chip design software maker could have and will have much bigger profits if the activist investor has anything to do with it
Tokenised stocks are coming, and ideally nobody will notice
Executives are touting the ability of real-time, blockchain-based settlement to transform trading and investment
Fed up with train delays, Germans are betting on how late they’ll be
Deutsche Bahn’s record low punctuality has inspired jokes, T-shirts and now a mock gambling platform
Iran’s military leaders dismiss Trump’s deal claims
Military command says it will not ‘come to terms’ with US after Washington presents 15-point plan to end war
UK carbon dioxide plant to reopen over fears of shortages linked to Iran war
Business secretary has approved a £100mn plan to restart the Ensus plant in north-east England for three months initially
India sets climate plan with modest clean energy and emissions goals
Fast-growing nation remains conservative in targets for renewable energy
How the pandemic changed work
Also this week: why more of us need to take a chance on ‘out there’ ideas and innovations
Five-year UK mortgage rates now below two-year rates
Lenders withdraw more than 1,500 products so far this month as interest rate expectations shift
Poor hand assessment leads to missed opportunity to score highly
In NT contracts, 10s, 5-card suits, and 109 combinations are all worth additions to your valuation