FirstFT: Iran war wipes £12bn from UK public finances
Also in today’s newsletter: China-EU trade and UK mortgage rates
Transcript: What would a Bolsonaro victory in Brazil mean for the world?
Transcript: Oil companies are full speed ahead in the Middle East
Marc Filippino speaks to Eleanor Olcott and Malcolm Moore
Kirkland’s money machine goes dark
The world’s highest-grossing law firm will stop sharing its financial figures with the legal industry’s flagship ranking of law firm profits and revenues
Andy Burnham’s government to press ahead with Oxford-Cambridge corridor
New premier is seeking to reassure investors and reject claims he does not care about the south of England.
Former prince Andrew could face witness summons in £40mn London fraud trial
Lawyers for ex-Goldman Sachs banker accused of misappropriating Turkish tycoon’s assets want brother of King Charles to testify
Wise to pay customers’ tax bills after errors
Fintech seeks deal with HMRC after software miscalculated about 4,000 users’ investment gains
Big investors ‘bottom fish’ in Eurozone bond markets after France sell-off
Fears of a blow-up similar to the Eurozone debt crisis have been overdone, asset managers say
Norway lays down a line for EU on AI glasses
Proposed ban will be test case for broad restrictions on the eyewear after fierce backlash over their use
Back me or face crisis, Meloni warns ahead of secret vote over electoral overhaul
Italian prime minister has threatened to resign if wary lawmakers reject her fiercely contested redesign of the country’s voting system in a secret ballot
Oil majors look beyond Middle East war in pursuit of region’s vast reserves
Western groups look to new investment opportunities despite the chaos and heightened risks caused by the conflict with Iran
Japan was never normal — and it’s not going to be now
The LDP needs to rethink decades of small-business policy for an era of far bigger problems
The race for Britain’s car market is wide open — for now
All manner of trade barriers loom
The fertility clinic on Taiwan’s front line
China’s reproductive restrictions are sending women across the Strait to freeze their eggs
Why people don’t want to have children any more
Social contagion can help explain falling birth rates — and offers a way out of the demographic trap
What is the real price of oil any more?
Crude futures are no longer a reliable guide to the inflationary impact of fuel prices
Real men don’t do climate change
Research on the gender differences in how people think about global warming suggests campaigns and communications may need a rethink
Retirement flats have been a miserable investment
To assess value sensibly, the purchaser has to balance initial, recurring and final costs against unpredictable longevity — this is difficult to do
Japan’s small-cap cull is an opportunity for AI funds
Finding needles amid haystacks is a task for AI
Palantir’s Homes for Ukraine contract cost UK £5mn for one-year extension
Deal highlights dependence on controversial US tech group for delivery of major public programmes
Azerbaijan denies buying German state secrets from former spy chief
August Hanning is accused of purchasing classified information and potentially passing it on to foreign intelligence services
How a trillion-dollar hedge fund borrowing spree became Wall Street’s cash cow
Banks’ trading businesses are booming, but post-crisis regulation means it is no longer them placing the bets
The Shelborne by Proper: a Miami landmark is back in business
Following a $100mn restoration, the 1940s Art Deco hotel offers a stylish base for soaking up South Beach
Cole & Son wallpapers are bringing back main-character energy
Under new leadership, the heritage wallpaper company is embracing geometric sass, bold colour and storytelling