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Texas flash flood claims at least 27 lives
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At least 27 people have died and more than 20 children are missing after a catastrophic flash flood in Texas. The Guadalupe...
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Desperate search for two dozen missing girls from summer camp after Texas floods kill at least 24
Crews searched through the dark early Saturday for two dozen children from a girls’ camp and many others who were still missing after a wall of water rushed down a river in the Texas Hill Country during a powerful storm that...
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Dealmakers hit pause on M&A as caution rules the boardroom
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dealmaking slumped in the second quarter to the lowest level in a decade, excluding the early months of the pandemic, as...
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EU to stockpile critical minerals due to war risk
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels has said it will build up emergency stockpiles of critical minerals and cable repair kits, as concerns grow over the...
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Hamas gives ‘positive’ response to Trump proposal for Gaza ceasefire
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hamas said it has given a “positive” response to a US-backed proposal for a ceasefire in Gaza, indicating it would enter...
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At least 13 dead in Texas floods and more than 20 children missing from a girls summer camp
Months worth of heavy rain fell in a matter of hours on Texas Hill Country, killing at least 13 people and leaving more than 20 girls attending a summer camp unaccounted for Friday as search teams conducted boat and...
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Trump signs One Big Beautiful Bill: What that means for your money
President Donald Trump signed the so-called One Big Beautiful Bill (OBBB) into law Friday, a budget that will have far-reaching repercussions on millions of Americans’ bank accounts, for better and worse.The legislation is extensive, including hundreds of provisions that...
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Wall Street was expecting a TACO Tuesday. But Dow futures fall 250 points after Trump says he will set tariffs as high as 70%
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U.S. stock futures tumbled on Friday after President Donald Trump said he will start sending out letters informing countries of what tariffs they will face.On Thursday, he told reporters that about “10 or 12” letters would go out...
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BCG modelled plan to ‘relocate’ Palestinians from Gaza
Boston Consulting Group modelled the costs of “relocating” Palestinians from Gaza and entered into a multimillion-dollar contract to help launch an aid scheme for the shattered enclave, a Financial Times investigation has found. The consulting firm helped establish the...
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Trump plans to start notifying countries of U.S. tariffs up to 70%
US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline...
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Indonesian volcano Mount Lewotobi Laki-laki spews massive ash cloud as it erupts again
Indonesia's Mount Lewotobi Laki-laki has begun erupting again - at one point shooting an ash cloud 18km (11mi) into...