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Defence spending is ‘magnet’ for criminals, warns EU fraud chief
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new director of the EU’s anti-fraud agency has warned that European capitals’ rearmament drive is a “magnet” for criminals who...
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Starting Monday, businesses can claim refunds for Trump’s unconstitutional tariffs. But it will take 60-90 days to get paid | Fortune
A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday.Importers and their brokers will be able to begin claiming refunds through...
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The explosion of U.S. debt is wiping out the ‘safety premium’ of Treasury bonds, and time is running out for an orderly fiscal solution,...
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Soaring U.S. debt is causing Treasury bonds to lose their risk advantage over other securities, making it more expensive to borrow money, the International Monetary Fund warned.Treasuries have long enjoyed the status as the world’s top safe haven asset....
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Impact of Iran war will hurt US even after conflict ends, economists warn
Donald Trump’s war in Iran has unleashed a torrent of inflation in the US that economists warn will linger long after the conflict ends, squeezing Americans ahead of November’s midterm elections. The impact of the conflict has reverberated across the...
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Is London ready for the Green Party?
For a decade, London has been solidly Labour: electing Sir Sadiq Khan three times as mayor and handing the party control of a record number of councils. The noisiest criticism has come from the right, which accuses Khan of being...
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Gen Z is ‘Chinamaxxing’—and it’s less a love letter to Beijing than an indictment of America | Fortune
The American century — a phrase coined by Fortune founder Henry Luce — had a soundtrack. It was Chuck Berry on the radio and Coca-Cola in the cooler, Levi’s jeans, and Marlboro billboards stretching across Europe. American culture didn’t conquer...
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Ex-Foreign Office head takes legal advice over Mandelson vetting dismissal
Sir Olly Robbins is taking legal advice after being sacked by Prime Minister Sir Keir Starmer as head of the Foreign Office, as he prepares to answer MPs’ questions over the Lord Peter Mandelson vetting scandal. Robbins feels aggrieved...
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Trump speeds review of psychedelics after Joe Rogan texted him about ibogaine. ‘Sounds great. Do you want FDA approval? Let’s do it’ | Fortune
President Donald Trump on Saturday directed his administration to speed up reviews of certain psychedelic drugs, including ibogaine, which recently has been embraced by combat veterans and conservative lawmakers despite having serious safety risks.Ibogaine and other psychedelics remain banned under the federal government’s...
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The jet-fuel surge is making global flight connections disappear | Fortune
Airline passengers should brace for more aggravation in the next few months as carriers around the world deepen cancellations and ground planes to cope with stratospheric increases in jet-fuel prices.Dutch flag carrier KLM is the latest company to cut...
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Putin finally admits Russia’s economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up | Fortune
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Russian President Vladimir Putin made his concerns about the economy public as he vented frustration at aides and demanded they come up with solutions.During a televised meeting on the economy Wednesday, he revealed that GDP shrank by combined 1.8%...
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The insider trading suspicions looming over Trump’s presidency
The BBC has found a pattern of spikes in trades ahead of public announcements by the US president.
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