Donald Trump opens G7 summit by criticising Russia’s exclusion

Donald Trump opens G7 summit by criticising Russia’s exclusion

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump said it was a “big mistake” to exclude Russia from G7 summits as he used his opening remarks of the meeting in Canada’s Rocky Mountains to lament the group’s treatment of…

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Sabadell explores sale of UK high street bank TSB

Sabadell explores sale of UK high street bank TSB

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sabadell is exploring a sale of its British bank TSB, as the Spanish lender seeks to fend off an €11bn hostile approach from its domestic rival BBVA. Sabadell is working with advisers to examine offloading…

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UK home secretary apologises over child grooming gang scandal

UK home secretary apologises over child grooming gang scandal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home secretary Yvette Cooper has issued an “unequivocal apology” over the failure of the British state to protect young girls from predatory grooming gangs over 16 years, as she confirmed a full national inquiry into…

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Israel-Iran tensions test central banks’ appetite for rate cuts

Israel-Iran tensions test central banks’ appetite for rate cuts

Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. The prospect of a new economic shock emanating from the Middle East is likely to heighten central bankers’ cautious approach to cutting interest rates, economists said in the wake of Israel’s attack on Iran.  The…

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Oil price falls back as flow of crude through Strait of Hormuz unaffected

Oil price falls back as flow of crude through Strait of Hormuz unaffected

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil markets have shrugged off Israel’s threat to topple the Iranian regime, with crude exports from the Middle East so far unaffected by the escalating conflict. Financial Times analysis of ship-tracking data shows there has…

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How the Israel-Iran war may develop

How the Israel-Iran war may develop

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wars are unpredictable. Even the Israelis and the Iranians cannot know how their current conflict will end. There are, however, a number of analogies to consider. The first is the six day war of 1967.…

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Iran’s regime fights for survival

Iran’s regime fights for survival

After Iran’s newly established Islamic leadership was dragged into war by Iraqi dictator Saddam Hussein in 1980, it fought, in the words of a top commander, with “empty hands”. For the republic’s young, ideologically driven leaders, determined to export their vision of Islamic radicalism, it was a brutal reckoning: Iran’s conventional army was in disarray…

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Families of British Air India crash victims ‘feel utterly abandoned’ and hit out at government

Families of British Air India crash victims ‘feel utterly abandoned’ and hit out at government

The families of three of the British victims of last week’s Air India crash in Ahmedabad have criticised the UK government’s response to the disaster, saying they “feel utterly abandoned”. It comes after an Air India Dreamliner crashed shortly after take-off from Ahmedabad airport in western India, killing 229 passengers and 12 crew. One person…

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Why is the oil price not surging?

Why is the oil price not surging?

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Israel’s attack on Iranian nuclear facilities has escalated to back-and-forth missile volleys that continue as we write. Much is at…

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