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Israel says it has killed Iran’s top security official

Israeli defence minister warns country will continue assassination campaign after targeting Ali Larijani

Markets left with ‘few places to hide’ from disruption caused by conflict

The risk for the Chinese contender is one of cash burn as it pursues expansion at home and overseas

Monetary policymakers are players in the energy shock, not analysts or bystanders

Financial services entrepreneur wins auction that drew interest from wealthy individuals, family offices and media groups

Analytics companies have estimated the cumulative loss to be more than $15bn

The coming-of-age story of Pamela Colman Smith is brought to life in a meticulously researched historical novel spanning Jamaica, the US and the UK

Luxury-car makers have been hit hard by US policy changes, tariffs and slowing demand in China

Transforming his ‘brutalist masterclass’ of a walkway into an elegant, meandering sweep turns out to be a somewhat Herculean challenge

The US president has a better chance of cajoling help from Nato partners

Shipping is once more under the spotlight during times of heightened tensions in the Middle East

Kyiv touts battlefield success as proof it is still in the fight as Russia gears up for ‘summer offensive’

The experts investigate

Cheerful stickers indicating labour market availability are getting more common as job openings become scarcer

Illuminate even the darkest corners of your world

UK, Netherlands and Finland join forces to reduce procurement costs through economies of scale

Also in today’s newsletter: top hedge fund says problems in private credit worse than Wall Street admits and Jensen Huang’s bullish outlook

One of Hollywood’s highest earners stands to reap huge rewards from Paramount’s $111bn takeover of Warner Bros Discovery

Strikes come as Israel says it killed Iran’s top security official

Tory leader’s misreading of UK public opposition to Tehran stems from her worldview of a ‘clash of civilisations’

Regional travel hubs Doha and Abu Dhabi also severely constrained by fallout from conflict

Private credit exposures; social engineering; prediction markets; Credit Suisse; PFOF; SDRM; and BLS

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

Asset management chief points to continent’s financing needs and more stringent regulation to protect from mis-selling