Andy Burnham wins crucial UK by-election
Greater Manchester mayor to return to parliament as an MP and be able to challenge Keir Starmer as UK prime minister
EU delays trade confrontation with China
Leaders opt for dialogue with Beijing rather than immediate action over fears of retaliation
JD Vance lashes out at Israeli government over Iran deal criticism
US vice-president’s office says plans to travel to Switzerland to participate in talks with Iran are on hold
India’s late monsoon has economists, investors and farmers worried
Also in this newsletter: some positive signs from India’s stalled IPO pipeline
MSCI flags investability concerns in Indonesia over transparency
Global index provider has warned it could downgrade south-east Asian country to a ‘frontier market’
Letter: Governments face a huge risk if Anthropic gets hacked
From Aybars Tuncdogan, Associate Professor in Digital Innovation and Information Security, King’s College London, London WC2, UK
Letter: BBC licence fee is at root of the broadcaster’s woes
From Nicholas Sercombe, CEO & Producer, Harry King Television, Chichester, UK and Los Angeles, CA, US
Letter: Mr Spock’s wise counsel
From Sharon Footerman, London NW4, UK
Letter: China’s push west is visual storytelling at its best
From Alastair Conan, London CR5, UK
Letter: Brexit — 10 years on
From Ali M El-Agraa, Emeritus Professor of International Economic Integration, Fukuoka University, Japan, London BR6, UK
Letter: An emotional rollercoaster this voter wants to avoid
From Paul Samengo-Turner, Berlin, Germany
Letter: Argentina’s AI fix widens the gap it is meant to close
From Yuko J Nakanishi, Founding Director, AI Alignment Policy Institute, New York, NY, US
Letter: Lessons learnt from Revolut’s Irish success
From Charles Cosgrave, Kilcloon, County Meath, Ireland
Correction: Widows and financial advisers
An article in the Women in Business special report on June 16 incorrectly attributed a claim showing 70 per cent of widows leave their financial advisers within a year of losing their spouses. The origin of the often quoted figure is obscure and, as the article stated, widely disputed
Trump signs peace agreement with Iran
FT Crossword: Number 18,404
Asics could run faster if it unshackled Onitsuka Tiger
Sportswear group is separating out its coolest brand but a sale or proper spin-off might be a better fit for shareholders
Albanian PM blames Iran for protests against Kushner’s luxury resort
Edi Rama defends controversial $4bn project that has triggered weeks of angry demonstrations
EU set to remove barriers to banks’ cross-border capital flows
Draft report by European Commission aims to boost performance of lenders in bloc compared to US rivals
SpaceX plots $20bn bond deal after record IPO
AI and rocket group is tapping debt markets after raising $86bn in stock market debut
SpaceX warns EU satellite plan risks undermining connectivity in Ukraine
Elon Musk’s group hits out at proposal by bloc to reserve part of spectrum band for European operators
FirstFT: US-Iran deal opens way for Hormuz charges, shipping industry warns
Also in today’s newsletter: JPMorgan cuts off Anthropic access for Hong Kong staff, and Gulf oil shock speeds up India’s EV drive
UK government to overhaul ‘outdated’ home-selling process
Vendors will need to produce ‘sales packs’ containing information on the property’s condition prior to listing
Gatwick airport launches legal action after ministers relax runway slot rules
Regulation was intended to protect the airline industry from jet fuel shortages following the Iran crisis