MPs refuse to endorse former Virgin Money chief to lead accounting regulator
Prominent City figure Jayne-Anne Gadhia is business secretary’s preferred candidate for FRC chair
IMF warns Burnham he cannot afford to boost public spending
Fund urges ‘cautious approach’ to fiscal pressures
Barrister accused of £2mn tax evasion faces retrial after case collapses
Jury fails to reach verdict in case against Robert Venables who argued he was ‘entitled to take advantage of the system’
US targets Brazil with tariffs as relations deteriorate
Also in today’s newsletter, Pete Hegseth launches a military testosterone programme and Wisconsin’s socialists
Why socialists should embrace luxury apartments
High-end developments can be more effective at unlocking affordability than social housing programmes
It Will Come Back to You by Sigrid Nunez — tales from her brilliant career
Perceptive, funny and unsettling, a collection of short stories from the writer of ‘The Friend’ shows the emergence of her distinctive voice
Wildfires burn record area in France as Europe’s risk intensifies
Severe fire season in northern hemisphere also sees fast-moving outbreaks in Scotland and Canada
Trump administration slaps 25% tariff on Brazil as ties deteriorate
Levy is part of a deepening rift between Washington and Brasília ahead of South American presidential election
Perps are distracting Wall Street, not disrupting it
Craze for perpetual futures is worrying investors in securities exchanges
From Manson cult to the children of a 1960s revolution
With a shared theme of US counterculture, two contrasting books ask if lives lived violently were shaped by violence in American society
A&O Shearman hands partners £2.2mn as profits return to pre-merger levels
Pay rise following 2024 tie-up indicates law firm has found its feet after senior lawyers axed during tumultuous period
Top shareholders oppose ‘improved’ £5.7bn bid for DCC
Investors say latest offer from KKR and Energy Capital Partners significantly undervalues FTSE 100 energy group
Will cheap specialised AI models threaten the Big Tech chokehold?
Chinese models trained with domain expertise could best American counterparts at a fraction of the cost
Ocado shares plunge 18% as tech licensing division struggles
Shares hit 13-year low after UK grocery delivery group reports lower profits and says new installations will be delayed
Vibes, not results, will dictate Burnham’s true election timetable
The political realities point to the new PM going long — but not too long
Eli Lilly buys psychedelic biotech backed by Peter Thiel
World’s biggest drugmaker agrees to buy Ataibeckley for up to $3.8bn
Italy’s parliament backs Meloni’s contentious electoral overhaul
Controversial new law reduces risk of a hung parliament ahead of general elections due in 2027
Another quick peek inside Bloomberg’s empire of data
The Borg: Undefeated (for now)
Hormuz closure threatens renewed oil supply crunch
Also in today’s newsletter: New York’s data centre crackdown and the new era of critical mineral diplomacy
Hide the boiler? New uses for folding screens
The room dividers are taking on chic and playful roles
Our Hero, Balthazar — school shooters and trauma are fodder for scabrous black comedy
Jaeden Martell and Asa Butterfield star in story of a phoney online activist who courts a potential gunman to impress a girl
How a greeting card company produced a 200x return in just 18 months
Varun Chandra to stay as Number 10 business adviser under Burnham
Former Hakluyt managing partner was instrumental in securing a US-UK trade deal
UBS tries to crack the American market at last
Swiss group wants to be valued as a global wealth manager rather than a European bank but lags far behind Wall St rivals