Governor’s illness complicates BoJ’s task as landmark 1% rate move looms
Kazuo Ueda’s absence will make communication more difficult after next week’s policy board meeting
Why worry about the rupee?
India’s currency isn’t especially weak and stabilising it has costs as well as benefits
Donald Trump says US close to deal with Iran and calls off strikes
Markets rally and oil prices dip as US president claims agreement will reopen Strait of Hormuz
Letter: UK pensioners are already paying a price for the SpaceX IPO
From Professor Iain Clacher, Ashok Gupta and Dan Hedley, New Capital Consensus, London SW1, UK
Letter: Defining corruption in Trump’s America
From Frank Vogl, Co-founder Transparency International, Adjunct Professor Georgetown University, Washington DC, US
Letter: Another fine photograph
From Jane Swan, Delabole, Cornwall, UK
Letter: Burnham’s fiscal folly made for depressing reading
From Gregory Shenkman, London SW7, UK
Letter: Trade rules force states to think beyond their borders
From Mona Paulsen, Assistant Professor of International Economic Law at LSE Law School, London WC2, UK
Letter: Law firms are struggling to convert AI use into profits
From Mark Bull, Managing Legal Consultant, Winchester, Hampshire, UK
Letter: An outdated Atlanticism and a wartime guilt
From Zaki Laïdi, Professor at Sciencespo, Paris, France
John Healy resigns as defence secretary over military spending plan
‘Personally, I blame the Treasury’
UK government scheme ‘causing employers to hire fewer disabled people’, say MPs
Many applicants lost job offers, existing work or income as a result of processing delays
FT Crossword: Number 18,398
World Cup of disunity kicks off in Mexico
Mexican team beats South Africa in first game as the three hosts feud and fans fear US immigration crackdown
Musk’s SpaceX raises $75bn in world’s biggest IPO
Rockets-to-AI group priced its shares at $135 in deal that drew blockbuster investor demand
FirstFT: SpaceX raises $75bn in world’s biggest IPO
Also in today’s newsletter: Trump says US close to deal with Iran, and China cancels high-level meetings with EU
Trump names former SEC head Jay Clayton as US intelligence chief
President has faced backlash in Congress over his pick of Bill Pulte as acting director of national intelligence
UK defence ministers resign as row over military spending escalates
Concerns over budget spark flurry of resignations and criticism of Keir Starmer and Treasury
John Healey: the ex-trade unionist who privately battled the Treasury
Previously talked of as a potential caretaker prime minister, his efforts as defence secretary could not generate the spending increase the military wanted
Can Trump make a deal with Iran?
What does the price of oil tell us about the possibility for peace?
Keir Starmer weakened by John Healey’s scathing resignation
Exit may turn out to be the first of many as armed forces minister joins defence secretary in leaving government
Corporate climate plans arbiter draws critics on new ‘net zero’ rule book
Companies able to claim they have made ‘best efforts’ even if they fall short of climate goals
Authors Lyse Doucet and Virginia Evans win the 2026 Women’s Prizes
The BBC journalist’s ‘The Finest Hotel in Kabul’ took the non-fiction award, while the American novelist’s debut ‘The Correspondent’ was the judges’ fiction pick
The AI public market floodgates are opening
The huge sums that Wall Street is about to be asked for look like being only a down payment