Mark Walter’s group insists there is no ‘fire sale’ and ‘no fraud’
TWG Global hits out at ‘multipronged attacks’ on investment empire, which has stakes in high-profile sports teams
Burnham pledges to ‘take pressure off’ business ahead of Budget
Prime minister tells the FT that he will not tax wealth creators out of the UK but stresses need for social responsibility
Iran war approaching Ukraine-style stalemate, says shipping boss
Freight rates remain at record highs while oil prices fall back on talks between Iran and Oman to reopen the Strait of Hormuz
Samsung must pay Swatch $11.6mn over copycat smartwatch apps
Swiss watchmaker had sought damages of as much as $170mn in London lawsuit over copyright infringement
Ukraine awards Musk medal as it seeks Starlink approval
Tech billionaire reluctant to allow satellite system to be used for drone strikes deep inside Russia
Life inside an American coal mine
Operators are trying to make familiar an industry that seems consigned to another era
The end of Trumpsplaining
The pretence that America’s leader is a grand strategist will not survive the Iran fiasco
The Dog Stars — Jacob Elordi plods through Ridley Scott’s vision of post-apocalyptic America
Margaret Qualley and Josh Brolin also feature in an uneven film that combines fear of marauding outsiders with an ode to organic farming
The battle to redraw the global tax map
UN negotiations challenge corporate ‘profit-shifting’
Russia’s long war with the west — and with itself
Could Putin win in Ukraine? Has the Kremlin captured US politics? Three new books analyse Moscow’s strategy and vision of itself as a Eurasian empire
Edinburgh Fringe sifts unbelievable fact from nonsensical fiction
Insightful productions probe our relationship with fame, death and sex work — but the clowns steal the show
Reform UK pledges to cut data rules and curb liabilities for non-executives
Nigel Farage’s party woos business by promising to scrap the General Data Protection Regulation if it wins power
FirstFT: US Treasury on collision course with Fed
Also in this newsletter: Darline Graham wins South Carolina primary and Bill Gates calls for ‘human reserved’ jobs to protect them from AI
Aggressive bidding at both tables leads to match-winning hand
Again, suit establishment proves crucial to making very thin game contract
Why pissaladière is the perfect taste of late summer
This French pizza is a Provençal treat
Argentines struggle to repay debts in Milei’s painful economic overhaul
Overdue loans become flashpoint in debate over president’s policies ahead of 2027 election
Macquarie dumps KPMG after Australian data scandal
PwC retains Australia’s most lucrative audit contract after reversal by financial services group
Iranian tankers gather off Sri Lankan coast
Cut off from home ports by the US blockade, ships seek shelter close to Sri Lanka’s territorial waters
Britain needs a new way to pay for healthcare
Introducing co-payment will make us more like our rich-world peers and put us on a sustainable footing
UK household energy bills to hit three-year high from October
Middle East war pushes price cap up 4% to £1,723 a year
Liquidators can pursue PwC globally over Chinese property giant’s collapse, court rules
Hong Kong decision has potential to threaten Big Four firms’ partnership network model
Hyundai bets on US hybrid boom to take on Toyota
World’s third-largest carmaker to release dozens of new and updated models by 2030
Bill Gates calls for ‘human reserved’ jobs to protect labour force from AI
Tech billionaire publishes 6,000-word essay warning the technology will usher in ‘one of the most turbulent times in human history’
FTAV’s further reading
Foreign demand for US assets; US-Canada trade negotiations; big-tech spending commitments; protein silencing; vintage AI; nuclear war; awful people; and anti-Wordle