Oil returns above $90 as Iran hits tankers
US carries out fresh wave of attacks as the number of American casualties rises
FirstFT: Burnham weighs Number 10 overhaul
Also in today’s newsletter: Oil rises above $90 and Morgan Stanley takes AI deal crown
The best of TV and streaming this week
Cat-and-mouse thriller ‘Lucky’, chaotic comedy ‘Ann Droid’ and more. Reviews by Rebecca Nicholson
Transcript: Andy Burnham’s first day
Victoria Craig talks to Lucy Fisher and Aaron Kirchfeld
Arthouse hotel, Glasgow — a city classic reborn, with art at its heart
Key notes | A back-to-history renovation lets this landmark gem shine once more — and brings new momentum to the ‘Cultural and Heritage District’
Training AI models might be the chance for a workplace power play
It is becoming clear that the knowledge they require is currently locked inside employees’ heads
Sinaloa cartel founder set for $15bn forfeiture order and life sentence
‘El Mayo’, who co-founded cartel alongside ‘El Chapo’, is expected to be sentenced to life in prison
UK pension insurers raise exposure to opaque private credit
S&P warns on hard-to-price private assets that make up more than 10% of portfolios at L&G, Standard Life and Just Group
The Five-Star Weekend — Jennifer Garner drama is as sweet and frothy as a gingerbread latte
Secrets and lies are revealed at a New England girls’ weekend in Sky’s eight-parter starring Regina King, Chloë Sevigny and more
Burnham urged to use flexibility in fiscal rules to boost investment
Incoming prime minister could mobilise an extra £16bn for infrastructure over remainder of the decade
Burnham must remember the first rule of government
The biggest mistake of all would be to imagine the country enjoys a free fiscal lunch. In fact, it only has hard choices
The man running against Benjamin Netanyahu
Former military chief Gadi Eisenkot is the main opponent to Israel’s divisive premier ahead of October election
Iran’s currency tumbles as renewed conflict threatens economy
US blockades ports and targets infrastructure as Donald Trump tries to force Tehran’s hand over Strait of Hormuz
What to expect from Burnham’s ‘crucial’ first 100 days as UK prime minister
Incoming leader promises big changes but he will face many tests during his early months in Downing Street
An odyssey through Metlen’s interconnected solar empire
Because sunlight is the best disinfectant
Chinese helium ban threatens supplies to Europe
Beijing’s export controls cut off a route for Russian flows, adding to pressures after disruption to Qatari production
What has the overhaul of the UK’s tax authority delivered so far?
Reduction in telephone waiting times boosts HMRC but harder test is the digital shift underpinning the wider overhaul
Coffee drinkers turning to whole beans as prices soar, says Lavazza
Chair of Italian family-owned group says consumers are opting for ‘less but better’
The new Fed boss is tight-lipped. That might upset the markets
Warsh is reluctant to signal future interest rate moves — how will the hedge funds that own US Treasuries react?
AstraZeneca highlights rare diseases in $80bn revenue push
Chief executive of subsidiary Alexion says rare disease medicine is a largely untapped area
Best new thrillers — a journalist in peril, a spy in WW1 and thrills of the chase
Charles Cumming returns with his Box 88 series, an impressive debut from Connor Martin in ‘The Silver Fish’ and more
UK consumers paid to cut electricity use to help manage grid
The energy system operator is increasingly turning to households and businesses to better balance supply and demand
Ode to the convertible
Sales are plummeting, but there’s still nothing sexier than an open-top adventure
Risk Management: Cyber Security
As AI supercharges cyber threats, organisations face multiple challenges: a new breed of reckless western hackers trying to impress their peers; fake remote workers attacking from the inside; and supply-chain weaknesses