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Surrogacy controversy sparks resignation of Merz’s parliamentary leader

CDU rightwinger Jens Spahn steps down after revealing he used a surrogate mother in the US to become a father

Cash and paper offer would give state-controlled postal service full control of telecoms group

Department of Justice tells top firms their leaders must sit for depositions over agreements they reached over a year ago

Tit-for-tat strikes undermine efforts to reopen Strait of Hormuz

Shares of Elon Musk’s rockets and AI company have slipped below their listing price for the first time

Crisis engulfs military after Ukrainian president dismissed his popular defence minister

Aughinish Alumina plant linked to sanctioned oligarch Oleg Deripaska faces increasing scrutiny but locals fear for jobs

Large corporate chains lose their edge as services such as DoorDash and Uber Eats level the playing field

Semiconductor stock roulette

Land forces chief says Kyiv’s military expertise is proving invaluable as Bundeswehr rebuilds and US support wanes

Also in today’s newsletter: the transfer market’s big spenders and how MLS aims to capitalise on America’s football fever

America has been around for more than two centuries. What does it mean to be American today?

National Energy System Operator’s task made more difficult by climate change and increasing use of renewables

It is easy to look enviously at New York, but the UK is on course to enjoy its best year for new listings since 2021

The extremes that film fanatics are going to in order to watch Nolan’s latest tell us something

Investments in semiconductors fuel growth in regional revenues for US banks

Hong Kong-based AS Watson was aiming for a dual listing this autumn

The ‘Father Emir’ transformed the Gulf nation into a financial and geopolitical heavyweight

A fairer distribution of prize money among the cyclists would make this event’s wheels go round more smoothly

Findings raise questions over the quality of the FCA’s information

British overseas territory is expanding into the sea to relieve cramped living conditions

The patience of the bond markets will ultimately wear thin

Accusations of foul play have swirled around this year’s tournament — but England fan Gideon Rachman still can’t get enough

What do silly-season stories tell us about the state we’re in?