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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Israeli strike on a Syrian air base this week may have been a political attempt at “baiting” Turkey into a conflict ahead of Israeli elections later this autumn, a senior US diplomat said on Saturday.The comments by Tom Barrack, Washington’s ambassador to Ankara and special envoy for Syria, were the sharpest US criticism yet of the Israeli raid on the Abu al-Duhur military air base in north-west Syria on Tuesday.After the raid Israeli Prime Minister Benjamin Netanyahu said the base was…

On Saturday, PC Tom Clough, 38, and PC Matthew Blades, 37, died when a Volkswagen Passat, which officers had been pursuing until seconds before, collided with their marked armed response car on the A66 near Middlesbrough.All five of the Passat’s occupants – Saddington, Michael Robert Cahill, 23, Jacob Matusiak, 23, Theo Rae, 17, and Cole Robert Worthy, 17 – also died.A video posted on the TikTok account believed to belong to Saddington in March 2025 showed him and four other young people involved in what appears to be a police pursuit. The video has since been deleted.BBC Verify analysed the…

Zoom In IconArrows pointing outwardsGet Mike Santoli’s Market Memo in your inbox first. SUBSCRIBE HEREIt’s a ripe summer in the American economy, and the AC thermostat hangs in the hottest room in the house, the kitchen, where the sun streams in and the oven is always set to broil.The thermostat in this case is the bond market, working to offset the blistering demand for debt from governments and companies by raising borrowing costs to multiyear highs. The kitchen is the AI-buildout sector, desperate to turn some $2 trillion into vast reserves of computing capacity by the end of next year.The…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.Ukraine has begun systematically targeting the warehouses of Russia’s second-largest online marketplace, Ozon, after weeks of drone strikes against market leader Wildberries.Ozon said on Monday that a logistics centre in Krasnodar was set ablaze by a drone after four of its warehouses in southern Russia had come under attack over the weekend, with fires breaking out at least two of the sites.“A logistics centre in the suburbs of Krasnodar came under attack by a UAV . . . A major fire has broken out,…

French President Emmanuel Macron, U.K. Prime Minister Andy Burnham and German Chancellor Friedrich Merz will co-chair a Coalition of the Willing meeting Monday aimed at strengthening support for Ukraine and increasing pressure on Russia.European leaders are pledging further support to Kyiv, days after a Russian drone attack on a crowded shopping mall in Kryvyi Rih killed at least 16 people.The hybrid meeting, with Ukrainian President Volodymyr Zelenskyy also participating, follows President Macron’s announcement that France would provide additional interceptor missiles to Kyiv.Burnham is in Kyiv on Monday in his first foreign trip as prime minister, where he is expected to…

South American countries are hunting for global trade deals from Canada to the Gulf and Asia, as a historically inward-looking group seeks to hedge against rising geopolitical instability.Mercosur, the customs union comprising Argentina, Bolivia, Brazil, Paraguay and Uruguay, is pursuing talks with capitals around the world, as it aims to boost the foreign trade of one of the most closed regional blocs.  “We are in a phase unlike any we have experienced before. It is perhaps the most active for Mercosur in terms of pursuing trade agreements and other deals [outside Latin America],” said Philip Fox-Drummond Gough, head of economic and…

Reform previously announced it would evict foreign nationals from social housing – a plan criticised by housing charity Shelter which said building more homes is the solution, rather than “changing the order of the queue” and “stoking division”.Tice will set out how Reform intends to pay for the 50,000 affordable homes during Monday’s news conference, the party added.”It is time for us to prioritise young British workers, and that is what our policy is about,” Tice said on Sunday.”I have spent my entire career in property development, as a private citizen I have led companies which delivered thousands of new…

Andy Burnham is marking his first foreign visit as prime minister with a trip to Kyiv – and will hand over blueprints so Ukraine can build its own long-range missiles.The prime minister will chair his first meeting of the “coalition of the willing”, set up by the UK and France under his predecessor, Sir Keir Starmer.He is also set to accept an award on behalf of the British people recognising the UK’s support for Ukraine and to take part in independence day events.Crucially for the war effort, he will announce his government has agreed to allow defence company MBDA to…

U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, D.C., U.S., Aug. 20, 2026. Kevin Lamarque | ReutersThe U.S will unveil “the single greatest financial offensive ever” against Iran on Monday, Treasury Secretary Scott Bessent said, while Tehran threatened to seize vessels that violate transit rules in the Strait of Hormuz. The looming escalation comes as both sides missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism aimed at ending the Middle East war now in its sixth month. In a post on X Sunday evening stateside, Bessent said…

Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece he authored in The Financial Times on Sunday. The Teasury Secretary told CNBC on Thursday that the U.S. will “collapse” the Islamic Republic with the “toughest sanctions in history.” The Trump administration demands that U.S. allies and the rest of the world stop doing business…