Bangladesh dynastic heir defeats Islamist challengers in post-uprising election
First poll after 2024 youth-led revolution that ousted longtime leader Sheikh Hasina to put political scion in power
US stocks fall sharply as tech sell-off resumes
Gold and silver also drop while Treasuries rally
Broker Clear Street postpones IPO as AI fears roil US stocks
Shelved public offering comes after the company slashed the amount it expected to raise
Trump’s state department nominee Carl grilled by US lawmakers over social media posts
President’s pick to oversee UN policy is accused of making racist and antisemitic comments by committee members
Australia counts sheep with AI to help farmers sleep easily
Abattoirs turn to technology to monitor numbers and labelling after decades of disputes over miscounts
An important election for India — in Bangladesh
Also in this newsletter: more rules for AI content
Former McKinsey partner to lead Australian opposition party
Angus Taylor pledges more conservative agenda after Liberals ditch first female leader
Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links
Attorney to depart Wall Street bank on June 30 after new documents revealed extent of her ties to the sex offender
Letter: Private credit can ride out the tech storm
From Nick Baldwin, Managing Director, Valuations & Opinions, Lincoln International, London WC2, UK
Letter: Costa’s ‘masterclass in political rebranding’
From António Vieira Lima, Beja, Portugal
Letter: It looks like these turkeys are voting for Christmas
From David Starkie, Andover, Hampshire, UK
Letter: How Carney channelled his inner Quintilian
From Sonya Branch, London TW10, UK
Letter: A valuable insight into why China backs Putin
From Jon Johannessen, Venice, CA, US
Letter: An opportunity where AI, drones and satellites meet
From Will Marshall, Co-founder & CEO, Planet, San Francisco, CA, US
Letter: The case for taking direct equity stakes in companies
From James Ashton, Chief Executive, Quoted Companies Alliance, London EC1, UK
Letter: Poland’s education system
From Pawel Konzal, Warsaw, Poland
Letter: America is not, and never was, a socialist country
From David Spirakis, Venice, CA, US
Bots talk to each other
‘Say what you like about AI — it never would have invented snowboarding’
Blair think-tank calls for end to ban on new UK North Sea licences
Institute says new oil and gas exploration is needed to protect workers and slow the decline of the basin
FT Crossword: Number 18,293
US and Taiwan sign trade agreement to seal chip investment
Deal will reduce American tariffs on a range of Taiwanese food products
Citigroup raises CEO Jane Fraser’s pay to record $42mn
Increase in remuneration makes her among the best-paid CEOs at a Wall Street bank
FirstFT: CIA releases video targetting Chinese military officers to spy for US
Also in today’s newsletter: US tech sell-off resumes, and Anthropic raises $30bn at a $350bn valuation
US businesses and consumers pay 90% of tariff costs, NY Fed says
Central bank’s research undercuts Trump’s claims that foreign companies will pay for levies