Lloyds targets £2bn cost cuts as part of new four-year strategy
Plan builds on UK bank’s pivot from traditional lending business
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Chinese stocks on track for worst month in decade
Investors pull out of ‘picks and shovels’ suppliers to AI boom
Winner of US-China AI rivalry falls 10% in Hong Kong debut
Shandong-based Innolight supplies data centre equipment to American and Chinese tech groups
Adidas shares tumble after profits hit by World Cup marketing spend
Net profit rose 6 per cent in the second quarter, below expectations
US borrowing costs hit 19-year high as Fed defies inflation fears
Central bank stands pat on rates even as investors worry Iran war will ignite jolt of price growth
BAE lifts profit and sales guidance following surge in orders
UK defence group benefits from higher military spending amid ‘highly volatile’ picture on global threats
FTAV’s further reading
English; energy; Andy Burnham; ‘smart’ homes; UIs; literature; and the weather
Shell posts second-highest profits ever as traders cash in on Iran disruption
UK oil major says earnings have surged even as its gas production fell sharply because of Middle East war
SpaceX’s supply chain clampdown and China’s product power
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
Rolls-Royce raises 2026 targets after profits beat expectations
FTSE 100 group forecasts underlying operating profit of £4.7bn to £4.9bn by end of the year
Japan’s Takaichi sticks to plan to cut food sales tax
Policy designed to ease cost of living has spurred concerns about strained public finances
Heatwaves pushing European holidaymakers north, says Air France-KLM
Franco-Dutch carrier reports 70% drop in quarterly profit amid fallout from Iran war
Central banks slashed their gold purchases in early 2026
Data revision cuts estimate of official sector bullion buying by 76% during first quarter
SocGen profit jumps as banking boom offsets weak trading
French lender announces €1.5bn share buyback alongside record quarterly earnings
Kevin Warsh is confusing markets
The Fed is a player, not a referee
Russia exploits Spain’s grounded firefighting helicopters as wildfires rage
Also in this newsletter: Austria imposes strict social media ban
The corgi-inspired ETF provider that wants to disrupt BlackRock
Turning the ETF spaghetti cannon dial to 11
FirstFT: Meta and Microsoft kick off turbulent tech results
Also in today’s newsletter: EDF’s nuclear venture and UK’s mobile network woes
AI Exchange
In this monthly series, running alongside our existing Tech Exchange dialogues, FT journalists talk to the scientists, developers and business leaders exploring ever more applications for artificial intelligence in every aspect of our lives
Accelerating Business
A monthly series that examines how the legal ecosystem uses new technologies to serve fast-changing business needs. This time: how in-house legal teams are getting creative with AI tools
Transcript: The weaponisation of trade
Gideon Rachman talks to Edward Fishman
The tech wreck roiling Wall Street
Banks have asked hedge funds to post more collateral as concerns grow about just how concentrated their positions are
Transcript: Fed holds rates as inflation fears grow
Sonja Hutson talks to Claire Jones and Malcolm Moore