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Cuba hit by nationwide blackout as energy grid collapses

‘Disconnection’ leaves 11mn without power in largest outage since US energy blockade began earlier this year

Chip group’s higher than expected sales forecast fails to boost share price

Chancellor will tell landowners they will not be allowed to stand in the way of the project

Also in today’s newsletter: China’s JD.com launches European ecommerce service, and Macquarie takes on Australia’s retail lenders

US president says he needs to remain in Washington because of the war in the Middle East

Trump family-linked Dominari will ‘cooperate’ with House China committee probe . . . at some point

Meg Ryan, we hardly knew ye

Fortune Brands staves off proxy battle with asset manager set up by Trian co-founder Ed Garden

Higher fuel costs will make it more expensive to transport goods and plant crops

No ‘limit’ to growth, says company, as digital bank chips away dominance of ‘Big Four’ retail lenders

Former UK deputy PM, who is favourite to succeed Sir Keir Starmer, hosted call with fund managers this month

Navy says ships are making a ‘logistical stop’ as Iran threatens shipping in the Strait of Hormuz

PCAOB board hires chief of staff from same Big Four firm where chair was an auditor

Lawyers for bank and plaintiff tell judge they have reached agreement in principle to resolve case

Lender’s shares drop 14% as Viceroy says it could be forced to raise provisions to as much as £1.23bn

Rightwing nationalist Bart De Wever challenges full support for Ukraine in quest for lower energy prices

The FT examines what may come next in the battle against the US and Israel

British broadcaster asks Florida court to dismiss US president’s case on basis of lack of jurisdiction

US allies have a right to avoid being sucked into a war they never sought

President’s criticisms reflect strains in US-UK relations but could strengthen Starmer’s position domestically

Trading on metal exchange suspended during period of high volatility in commodity prices caused by Iran war

Airline axes services to UAE and other destinations hours after drone attack on Dubai’s main airport

Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages

A new podcast examines how a small group within the Catholic Church has come to wield outsized cultural and political influence in America