Fifa’s $20bn stake sale at risk as Europe unites behind World Cup boycott
Concacaf joins Uefa in opposing Gianni Infantino’s plan to bring outside capital into football
Is the Fed the referee or the best player?
Kevin Warsh wants the US central bank to take a step back from its effect on the markets. Can it?
Skirts and sandwiches fail to excite cautious IPO investors
Reformation and Jersey Mike’s test market appetite for consumer sector that has faced twin pressures
Madrid deploys army as thousands of Moroccans swim to Spanish enclave
Mass arrivals in Ceuta heap further pressure on embattled Prime Minister Pedro Sánchez
Mark Zuckerberg is becoming the king of the ‘side quest’
Meta is working on a plethora of products outside its comfort zone — and the side hustles come with high stakes
Citadel buys Situational Awareness equity holdings after steep AI losses
Deal comes after Leopold Aschenbrenner’s investment firm held overnight crunch talks with investors
Kevin Warsh’s concerning communication style
Fed chair’s press conference exposes the shortcomings of his approach
China is not the solution to the US chipflation problem
Buying memory chips from companies like CXMT could lower costs but risks dependence
Microsoft adds record $480bn in market cap as results cheer investors
Revenue in tech group’s intelligent cloud segment surges 32% to $39.3bn
Are investors really getting cold feet about the AI boom?
It is not clear whether there has been a serious change of heart about the trade underpinning the stock market
Japan’s yen jumps 3% as speculation over intervention swirls
Currency on track for one of its biggest moves in recent years amid growing calls for action to arrest slide
Warsh’s stripped-back Fed communication ‘already backfiring’, say investors
Traders warn lack of guidance on interest rates erodes US central bank’s influence on Treasury market
Data suggests fears of UK ‘non-dom’ exodus overblown
Number fell by just 0.5% in 2024-25, casting doubt on claims tougher rules would lead to wealthy people leaving
Trump says he could pull Todd Blanche’s attorney-general nomination
President’s suggestion comes as two Republican senators threaten to torpedo top lawyer’s confirmation process
BoE holds rates at 3.75% as it waits to see impact of Iran war
Monetary Policy Committee split six to three, with key voters more confident that underlying price pressures are receding
Six films to watch this week
Tom Holland dons his suit for ‘Spider-Man: Brand New Day’; spectacular childhood tale ‘Ish’; ‘Personal Problems’ is rediscovered; starry pulp fest ‘Deep Water’; a vindicated Trump accuser is profiled in ‘Ask E Jean’; Thai supernatural seriocomedy ‘A Useful Ghost’. Reviews by Danny Leigh
Personal Problems — a rediscovered vision of 1980s Black America
Shot on video, this experimental melodrama by director Bill Gunn breaks convention with confidence
The Land and Its People — older and grumpier, but just as funny
Beneath David Sedaris’s dry, self-deprecating humour lies a preoccupation with grief, physical decline and mortality
Cleansed — tenderness but no catharsis in Sarah Kane’s brutal play
This new production at London’s Almeida Theatre sheds a light on human cruelty — and is an ordeal to watch
The Odyssey wins the casting debate
Lessons from the visionary British director Peter Brook remain relevant for today’s cinema
Saudi economy shrinks as Middle East conflict takes heavy toll
GDP contracted by 4.8% in second quarter compared with same period in 2025
Declining PCE inflation in June likely to be reversed in July
Higher energy prices this month will send the inflation gauge back up
Ferrari profits boosted by AI wealth and hyper-personalisation boom
Custom services set to account for as much as 20% of revenue, Italian luxury-car maker says
11 uplifting ways to spend it in August
Run with Mo Farah, fall in love with Franz Kafka, drink wine on the Riviera – and more