Leading UK research facility Diamond Light Source faces cost cuts
Particle accelerator used by both public and private sector scientists is part of 15% research centre savings
Banijay picks London as new HQ for TV maker after $8bn merger
UK base for production group behind ‘The Traitors’ is another boost to country’s creative sector
World faces growing diesel supply crunch as Russia cuts off exports
Ukraine drone strikes have hammered Russia’s refineries
PepsiCo warns of ‘rising inflationary pressures’ for US consumers
Recovery in sales volumes runs out of steam in second quarter as surge in fuel costs hits snack and soda group
Democrats race to salvage US Senate bid after Graham Platner scandal
Populist progressive quits Maine contest after rape allegations
Six films to watch this week
Photographer-activist Misan Harriman profiled in ‘Shoot the People’; ‘Life Support’ harrowingly takes viewers inside Gaza hospitals; ‘Rosebush Pruning’ is a starry but smug satire; ‘Moana’ needlessly remakes the cherished animation; mid-life sex comedy ‘The Invite’ has an all-star ensemble; ‘Nirvann
Business model in terminal decline? Try a round of golf
Versant Media hopes to get back in play with its purchase of simulator maker Full Swing
Gaza hospital documentary Life Support is hard to watch but essential
The experiences of volunteer doctors treating civilians are the basis for a powerful and harrowing film
Rosebush Pruning — self-satisfied satire is too desperate to shock
Jamie Bell, Riley Keough and Callum Turner play wealthy American siblings drunk on incestuous attraction and bloodlust
Moana — an entirely needless live-action remake? You’re welcome
Update of the 2016 hit feels superfluous, even by the standards of Disney’s joyless remake factory
Italy expels Russian diplomats suspected of running spy ring
Expulsion comes after arrest of two retired Italian officers who allegedly passed on information to Moscow
AstraZeneca shares slide after heart treatment disappoints in trial
UK pharmaceutical company said Wainua drug did not meet goal of reducing cardiovascular deaths
US strikes Iranian railway bridges on route to city of Khamenei’s burial
Late supreme leader set to be interred in Mashhad on Thursday
Computacenter shares rise as FTSE 100 new entrant taps into AI boom
Hardware reseller one of few London-listed tech groups to capitalise on demand for data centre infrastructure
How much is AI hacking your emotions?
Disinformation and deepfakes are known risks but biased LLMs could also be used to influence public opinion
Polestar chief says globalisation for carmakers is over after US sales ban
Swedish group majority-owned by China’s Geely is barred from selling new EVs in the US from next year
CME launches new product to simplify controversial Treasury bets
Instrument set to cut cost of popular hedge fund ‘basis trade’ strategy that has been blamed for adding to market volatility
Regulator to block CME bid to fast-track round-the-clock oil contracts
CFTC’s move comes after it was sued by the world’s biggest derivatives exchange over approval of crypto products
Labour MPs queue up to back Burnham as next leader
Former Manchester mayor moves a step closer to being Britain’s next prime minister
Peking duck dispute heightens EU-China trade tensions
European Commission launches probe into alleged dumping of subsidised meat
Minutes from the ECB’s June meeting confirm rise in inflation risks
Central bank’s baseline projections showed above-target inflation despite the inclusion of almost three rate rises
US renews strikes against Iran
Also in today’s newsletter, political rhetoric around the ‘Epstein class’ is gaining traction among Democratic candidates
Shoot the People — photographer turned activist Misan Harriman steps into the frame
An admiring documentary portrait of the Southbank chair is at its best showing the febrile political moment that made him
Wall Street set for bumper $140mn payday from SK Hynix listing
Secondary US listing of trillion-dollar South Korean chipmaker expected to be one of largest public offerings in history