Robin Wigglesworth and Gillian Tett speak to Stephen Mihm, history professor at the University of Georgia, book author and columnist
Thierry Garnier to step down from DIY group next year to take helm of one of Europe’s largest supermarket chains
Strong quarterly trading in Latin America helps FTSE 100 group beat forecasts despite US spirits slump
Shares in Danish drugmaker surge on positive signal from results
Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures
US president has “paused” military mission to guide commercial ships through the vital waterway
Xi Jinping could seek to use relationship with Tehran as leverage in talks with US president, analysts say
Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
US and Iranian forces clashed in the strait during the brief mission to help commercial vessels through the waterway
Plus, more on emerging markets
Dark matter revealed?
Also in this newsletter: How to reuse and recycle more critical raw materials
Science; cringe; Toyota; Grok; similes; Paul Pressler; and stablecoins
Also in today’s newsletter: Venice Biennale row and Macron’s central bank pick
Monthly surveys of economic activity and confidence have fallen more sharply among energy importers than in the US
Murad Ahmed talks to Cristina Criddle and John Thornhill
A new video podcast from The FT exploring the history of finance
Memory chip giant’s surge pushes South Korea’s Kospi to new record
The counterfeit money boom that holds lessons for crypto today
The original private equity barbarian celebrates its birthday as the $22tn private markets face a fraught moment
Children’s sector offers steady revenues for buyout firms as cases of autism and other conditions increase
