How to cure an ailing antibiotics business? | FT Rethink
New drugs are needed to combat infectious bacteria's ever-evolving resistance
Prabowo nominates new leader for Indonesia’s central bank
Elevation of senior deputy governor Destry Damayanti may ease investor concerns over independence
Your move, BoJ
Plus, the weak jobs report
FTAV’s further reading
Financial engineering; Deepmind; phones; climate; jobs; productivity; deficits; Sudan; hair; Tony P; aliens; bins; the travelling salesman problem
Lessons in letter writing for the Bank of England
What Australia can teach a new chancellor seeking a fresh approach to QE and QT
US backs Australian rare earth miner to cut out China
Sunrise Energy shares soar after Trump administration provides $400mn loan to develop scandium project
FirstFT: China sails ‘Ice Silk Road’ to Arctic
Also in today’s newsletter: Russia’s coercive recruitment and German inward investments
Transcript: Deadly protests in Kashmir test Pakistan’s government
Victoria Craig speaks to Humza Jilani and William Sandlund
The best of TV and streaming this week
The return of ‘Ted Lasso’, extraordinary reptile doc ‘Monsters of God’ and more. Reviews by Rebecca Nicholson
German economy minister warns AfD’s rise could deter investors
Katherina Reiche says Berlin seeks to attract €3.75tn in private capital by 2040
Senior UK detective under investigation for alleged misuse of AI
Police watchdog says officer was referred to them by Derbyshire Constabulary following ‘internal review’
UK raises cost projections for Palantir’s NHS data platform
Lifetime charge rises to £1.1bn on ‘increased delivery at scale’ while forecast benefits fall to £808mn
UK missile and drone interceptor start-up raises $300mn at $3.4bn valuation
Cambridge Aerospace has secured MoD contracts and is in talks with the US government about providing systems
Finance groups could help solve Burnham’s social care conundrum
A new system needs to replicate the universal appeal of the NHS without requiring commensurate public-sector spending
London plots digital gold pivot to protect bullion trading
FCA is seeking to encourage digitisation of financial markets
Todd Boehly’s group rolls out AI to Chelsea and A24
Eldridge will embed technology in companies from Chelsea Football Club to film studio A24 after acquiring 50% of Sudolabs
New York is having a summer for the ages
No matter the scene — start-ups to restaurants, real estate and even politics — the city has never felt buzzier
Europe faces rocket launcher shortage by 2030, space agency chief warns
Demand for launches is growing faster than the region’s capabilities
Smoking is cool again. Why?
After two decades in disgrace, the habit is back in fashion
Putin’s war machine scours the home front for recruits
Moscow turns to raids, pressure and deception to enlist soldiers to fight against Ukraine
Wear in the World: the rise of the Bogg beach bag in the US Southeast
Despite resembling a cross between Crocs and a laundry basket, the rubber Bogg bag has caught on for summer in the US
Where to find London’s best pastries, by chef Emily Roux
The co-founder of Notting Hill’s Michelin-starred Caractère picks eight of her favourite addresses in a bakery scene that now rivals Paris and Copenhagen
Good aliens, bad aliens and wisecracking wisdom — the best new science fiction books
YouTuber Sam A Miller reworks ‘Flowers for Algernon’ in a debut collection of future tales, while rebel groups hold out after Earth is invaded in ‘The Peace Child’
How the UAE won over Washington
The Gulf state has deployed a mixture of cash and charm to become one of America’s most important Middle East allies