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Why Maga came for Europe
Trump’s new right sees the continent as both ancestral home and ideological battleground
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Private credit under strain as troubled loans swell
FT analysis shows signals of stress in the market are back to levels last seen in 2017
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Trump says US will scale back military drills with South Korea
President claims the joint exercises send a ‘hostile’ message to North Korea
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California billionaires add millions to bolster fight against wealth tax
Tech owner Chris Larsen and venture capitalist John Doerr step up efforts to kill proposed 5% levy on the rich
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Ukraine presses drone attacks on Moscow and Russian logistics
Kyiv launches more than 600 drones at enemy capital in one of its largest assaults of the summer
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How economics is changing
The subject is becoming more inventive and empirical, but questions about reproducibility and AI abound
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World’s largest carmakers seek to avert motor oil crisis
Shortage of Group III base oils prompts auto manufacturers to turn to new blends
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European companies count the costs and gains of extreme heat
Businesses flagged effects of extreme heat, drought and wildfires on a record share of earnings calls in recent weeks
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