UK inflation unexpectedly held steady at 2.8% in May
Figure will ease BoE fears of a lasting impact from the Iran war
FTAV’s further reading
Social media; Bolivia; Iran; software; Albania; pensions; movies; baguettes
Three is the new two
A dispatch from the FT Global Bond Summit
Lululemon apologises after Japanese drum controversy at Great Wall yoga event
Canadian athleisure company says it ‘should have been more cautious and thorough’
EU struggles to find both unity and urgency in China crisis talks
Also in this newsletter: EU’s former competition tsar speaks on mergers
Is Lloyd’s of London the world’s oldest podshop?
No. But it’s sort of a bit like one
FirstFT: Investors pile into dollar
Also in today’s newsletter: Bezos buys into UK AI start-up and former executive sues Citi
Transcript: Extended version — Why Elizabeth Warren is worried about SpaceX
Marc Filippino speaks to US Democratic Senator Elizabeth Warren
Tech Exchange
This series features conversations between FT journalists and the technology industry’s leaders, innovators and thinkers. In the latest instalment, Luciana Lixandru, global co-lead of Sequoia’s early-stage investment business, talks about why it is time for ‘act two’ for Europe’s tech sector
Introducing: The Story of Money
A new video podcast from The FT exploring the history of finance
Why Elizabeth Warren is worried about SpaceX
The US senator from Massachusetts sees several issues with Elon Musk’s AI and rockets company joining the public market
Elon Musk: Wall Street’s new roll-up artist
SpaceX’s IPO has given the trillionaire even more firepower for acquisitions
‘Big spending vibes, small spending commitments’: Burnham’s tricky fiscal dance
The Greater Manchester mayor has hinted at a number of expensive policy ambitions but vowed not to raise tax
Amazon backs AI start-up developing models to simulate physical world
Company joins investment arms of Nvidia and AMD in $310mn funding round for Odyssey ML
Investors pile into bullish dollar bets as ‘US exceptionalism’ trade returns
Traders expect buoyant American economy to keep Fed from cutting rates despite oil price fall
Jeff Bezos backs UK start-up CuspAI in $400mn funding round
New financing will more than quadruple the two-year-old AI company’s valuation to $2.6bn
‘Made in Europe’ push hits UK plastics recyclers
Only plastic sorted and recycled in EU will count towards recycling targets, jeopardising British exports
How can we know if plants or fungi have really gone extinct?
AI is helping the Royal Botanic Gardens predict — and prevent — the demise of species
Defence not likely to be a panacea for European carmakers
An expansion into a surging industry might create buzz but it is not likely to have a big impact
The oil shortage is ending — and now comes the glut
Once flows resume properly, there will be a lot of extra oil in the system
Is this England’s best team since 1966?
A decade after the Brexit vote, English football has moved in the opposite direction: towards a European passing game
VW resorts to sealed bids to avoid conflicts in $10bn engines sale
German carmaker moves to counter fears EQT has edge after teaming up with major shareholders
Firebrand general accuses Meloni of betraying far-right ideals
Roberto Vannacci is luring MPs from ruling coalition and sees support rising ahead of Italy’s 2027 election
EU readies trade relief for Armenia after Russian import bans
Brussels steps in after Moscow restricted food and flowers from former ally in response to its westward pivot