Prize draw businesses have better luck than the average punter
Lack of regulation has helped draw operators to thrive
AI guardrails stripped from Meta and Google models in minutes
Software designed to remove safety protections creates systems that provide responses on biological weapons and malware
Rubio says Washington will find ‘another way’ if Iran talks fail
Price of oil falls on hopes of an agreement that could reopen the Strait of Hormuz
Singapore tells banks to speed up account openings for wealthy clients
Regulator tries to strengthen city-state’s position as wealth hub after money-laundering cases lengthened wait times
Inside Chris Hohn’s Top Hedge Fund
Plus, James Anderson sees end to tech boom, SpaceX IPO trading frenzy and the Old Vic’s all-female Glengarry Glen Ross
FirstFT: Oil falls as Iran talks advance
Also in today’s newsletter: UK business lending and EU merger policy
Jardines signals pivot with $2.4bn Australian radiology deal
Acquisition of I-MED is Hong Kong-based conglomerate’s first since strategic overhaul
The best of TV and streaming this week
Keeley Hawes and Paapa Essiedu star in Jack Thorne’s ‘Falling’; 1970s Russia is the setting for cold war spy caper ‘Ponies’; sex work scam spirals into murder mystery in ‘Maximum Pleasure Guaranteed’; neo-Western saga ‘Dutton Ranch’; Munya Chawawa goes ‘Wrestling with Trump’; season 2 of Jilly Coope
Christian conservatism and secular liberalism clash as Fjord wins Cannes Palme d’Or
Film about a religious couple accused of child abuse in Norway divides critics but takes home festival’s top prize
The infantilism of an ‘ungovernable’ Britain
Political stability is needed if the country is ever to solve its problems
Paul McCartney, the Peter Pan of pop, reckons with old age on The Boys of Dungeon Lane
His 20th solo album is a moving paean to the Liverpool of his youth with a partial shift in register
Investors can no longer rely on a ‘policy put’
The capacity of policymakers to respond to shocks is down across the board
HS2 paid consultancies £65mn last year in run-up to project ‘reset’
Higher spending likely to raise questions about taxpayer-funded body’s approach to long-delayed railway
US consumers face looming spending squeeze as Trump tax rebates fade
Pressure is mounting with fuel prices driven 50% higher by Strait of Hormuz blockade
The Labour Party’s four tribes
‘Soft left’ faction backs Andy Burnham for prime minister, while Blairites lend support to Wes Streeting
Bank lending to UK businesses falls to lowest level in nearly 30 years
Weak economic growth and tighter regulation hit credit for small and medium-sized companies
It’s not just SpaceX: Big Tech is dominating bond markets too
US tech giants are tapping markets as they race to build AI data centres
Bolsonaro biopic threatens to sink his son’s election bid
Flávio Bolsonaro’s presidential run thrown into doubt by revelations he procured film funding from suspected fraudster
Duke of Norfolk to host Reform UK donors as Farage seeks to widen appeal
Luncheon event at 11th-century castle comes after anti-immigration party made gains in local elections
Say hello to the invisible hob
And other great new tech for the kitchen
Can Exxon build the world’s biggest carbon capture business?
Oil major bets billions on technology but backlash on US Gulf Coast threatens its ambitions
Why do architects hate washing lines so much?
Visible laundry is often shunned as unsightly clutter — and increasingly banned. Hanging it out has become a political act
A puzzling death in London and a tradwife’s downfall — the best new audio books
Twists, turns and revelations feature in the tragic loss of a young man in ‘London Falling’, while ‘Yesteryear’ is one of this summer’s most talked-about debuts
Europe’s dealmakers warn of EU merger policy confusion
Mixed messages from top EU officials cloud promised overhaul of competition rules