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[EN] Financial Times

Meta faces higher borrowing costs in latest $12bn data centre financing

BlackRock-led deal meets investor anxiety over rising AI exposure

Intel posts fastest growth in 15 years as AI data centres demand fuels sales

Chipmaker’s revenue jumped 25% in the second quarter

Oil hits $100 for first time since May while US stocks slide

Donald Trump says Washington is weighing ‘massive attack’ on Iran as Middle East tensions increase

Sewage discharges flout guidance near 65 beaches in England since May

Overflows at bathing sites come as tourists flock to coastal areas for summer holidays

After the Brat juggernaut, Charli XCX’s Music, Fashion, Film is a skimpy follow-up

The 30-minute album has flashes of wit and brilliance, but feels like it was dispatched in a rush

Sun, football and Burnham push UK consumer confidence higher

Survey was conducted in first half of July before new prime minister took office and ahead of latest escalation in US-Iran conflict

FT Crossword: Number 18,434

US hits 60 countries with new duties as Trump rebuilds tariff wall

Administration pins measures on forced labour probe after Supreme Court struck down blanket levies

FirstFT: China’s Xi Jinping pursues AI diplomacy to woo developing countries

Also in today’s newsletter: US hits 60 countries with new tariffs and Modi vows ‘swift’ justice for India exam leaks

Chinese AI models will slash adoption costs, says Singapore’s GIC

Sovereign wealth fund expects strong growth in Chinese AI companies but is cautious about start-ups

China’s Xi pursues AI diplomacy to woo global south

Beijing makes most ambitious offer yet to build alternative global order

Dangote secures record $2.5bn investment to expand Lagos refinery

Billionaire Nigerian businessman is planning to grow capacity from about 650,000 barrels per day to 1.4mn b/d by 2028

FDA panel supports access to peptides over scientist objections

Vote is first step in broadening public access to so-called Wolverine peptide despite warnings about risks

How JPMorgan won

The astonishing success of the US’s largest bank

How Andy Burnham’s rise to PM was helped by those axed by Starmer

List of people sacked or cast aside includes Louise Haigh, Lucy Powell and Anneliese Midgley, some of new premier’s most powerful allies

EU fines Google €890mn in test of Trump’s threats to protect Big Tech

EU competition chief says it is bloc’s ‘duty to defend rule of law’ while delivering ‘strong message’ to search giant

Trump’s dubious nuclear deal with Saudi Arabia

An accord lacking ‘gold standard’ safeguards on enrichment would carry proliferation risks

US justice department to streamline company merger reviews

Change entails focusing on top competition concerns in a deal rather than expansive probes and fact-finding missions

North Sea oil and gas industry looks for answers from new energy secretary

Miatta Fahnbulleh’s visit to Aberdeen comes as companies hope to sway Burnham’s government on new drilling licences

Jes Staley testifies on Capitol Hill over ties to Epstein

Former Barclays chief took questions from House oversight committee over his links to the late sex offender

The US needs a new Manhattan Project for fusion energy

If we are to outpace China and own the future of this technology, we must fund it properly

UK employers should keep access to skilled trades visas, government advisers say

Migration Advisory Committee says work permits for 28 roles should be granted on a temporary basis

The Nestlé supertanker’s turnaround is in train — under the surface

Consumer goods group has made headway in the task of ditching sleepy brands for more lively ones

US weapons makers’ sales soar as Iran war boosts order backlog

Pentagon is pushing major defence contractors to increase production rates to rebuild depleted stockpiles