The market is looking through the tariffs
And it is right to do so (for now)
Tata Sons fends off central bank IPO order as deadline looms
Holding company has resisted listing that could value it at more than $100bn
Five dead after shooting at New York tower housing Blackstone offices
Police investigating attack on Midtown Manhattan skyscraper that is also home to NFL and KPMG
FirstFT: EU warns Europe’s roads unfit for war
Also in today’s newsletter, UBS currency derivatives, and Botswana’s push on De Beers
Transcript: EU politicians bristle at US trade deal
Marc Filippino talks to Alice Hancock and Myles McCormick
Business School Sustainable Education
The dilemmas facing cement makers in their efforts to decarbonise are considered in the latest of our series of business-school-style teaching case studies on sustainability. Read selected FT articles and see how you would address similar challenges
How Wirecard’s Jan Marsalek went from fraudster to spy
The third season of our investigative podcast asks: who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?
Take the money and run
Plus, Botswana threatens to take over De Beers and ‘The Cooler’ gets a cool $100mn
Lionesses’ Euro 2025 win sparks investment hope for women’s football
England’s victory on penalties provides timely boost as game attracts growing investor interest
UBS orders bankers to scale back sale of complex currency products
Swiss bank has told advisers to stop pitching foreign exchange derivatives to many clients after losses
ECB staff accuse Christine Lagarde of running ‘unaccountable legal fortress’
Central bank at centre of row after asking elected employee representatives to spend more time doing their day jobs
Ex-Apple engineer brings Silicon Valley tactics to European defence tech
Drone start-up Delian Alliance Industries mimics the vertically integrated approach taken by Tesla and Apple
Bain & Co shuts South Africa consulting business after corruption scandal
Advisory group’s Johannesburg office to become ‘a services hub supporting global operations’
The Bitter Water of the Lake — coming of age on the edges of Italian society
Giulia Caminito’s new novel is intense, impressive — and will draw inevitable comparisons to Elena Ferrante
Trump’s tariff blitz brings US levies to highest levels since 1930s
Washington has locked in tariffs on almost 45% of American imports
The Sensodyne formula for marketing to the world
The UK consumer health group Haleon is using a practised strategy to introduce its brands more widely
It is not too late for investors to ride the European stock rally
There is potential for further and significant reappraisal of the region’s companies
Oh, deer! Can we keep these elegant but pesky creatures from gardens?
Increasing in number and markedly less shy, Bambi and her pals are wreaking havoc
Rachel Reeves faces calls to increase taxes on £15bn gambling industry
Treasury moves to streamline levies on bookmakers and reflect ‘exponential’ growth in online betting
Reeves and Bailey clash over Revolut meeting
Chancellor’s aim to discuss fintech becoming fully fledged bank thwarted by BoE governor
Short cuts: the Swedish church on the move, and railway woes for Belmond
China struggles to break its addiction to manufacturing
Local governments are steering investment into new factories, adding to overcapacity and eroding profit margins
Where to eat in Singapore: top tips from Dave Pynt of Michelin-starred Burnt Ends
The chef-owner of the celebrated Dempsey Hill restaurant recommends his favourite eateries in the city, from upscale to ultra casual
Can Botswana take control of diamond giant De Beers?
The gemstones transformed the African nation’s economy — is it serious about a takeover of Anglo American’s business?