UK universities cut jobs, research and teaching amid squeeze in overseas students
‘Very sharp downturn’ in enrolments risks hitting economic innovation and academic pipeline, lobby group says
FT Crossword: Number 18,382
Trump says US will not ‘rush into a deal’ with Iran as talks continue
Price of oil falls on hopes of an agreement that could reopen the Strait of Hormuz
FirstFT: Xi Jinping lambasted Japan’s ‘remilitarisation’ at Donald Trump summit
Also in today’s newsletter: Trump says US will not rush deal with Iran, and Russia pounds Ukraine with hypersonic ‘Oreshnik’ missile
Uber weighs higher bid for Delivery Hero after €11.5bn offer rebuffed
San Francisco-based group approached major shareholder in German food group
Republican hardliners warn Trump is giving up too much in Iran talks
US president is trying to quell an internal backlash from hawks who demand Tehran’s complete surrender
Xi railed against Japan’s ‘remilitarisation’ at Trump summit
Chinese president became heated when criticising US ally for its increased defence spending
Bombing near railway track in Pakistan kills at least 16
Separatist group claims responsibility for attack in capital of restive south-western Balochistan province
West Ham relegated from Premier League
Tottenham survive as east London club ends 14-year spell in top flight of English game
Markets take a collective break but politics continues
Numerous public holidays coalesce, SNP’s former CEO Murrell appears in Edinburgh court and Colombians go to the polls
Robotaxis need to be tested in real traffic
To achieve safe, cost-effective autonomy we need to see how other road users react to the vehicles
ECB summons banks to urge them to fix flaws exposed by latest AI models
Supervisor to stress seriousness of risks to financial system at hastily arranged meeting
Just stop moaning and pay your taxes
Fetishising tax avoidance in the US must end if the republic is to survive
Financial reforms set to give £1.6bn boost to City of London
Government assessment comes as Rachel Reeves champions district as driver of economic growth
Short sellers reap more than $2.3bn profit betting against gambling companies
Online groups under pressure from jump in prediction markets’ popularity in US and steep tax rises in UK
UK competition watchdog to examine childcare market
Order by education secretary Bridget Phillipson set to come as ministers seek to tackle rising living costs
Russia pounds Ukraine with hypersonic ‘Oreshnik’ missile
Capital rocked by explosions after Ukrainian leader Volodymyr Zelenskyy warned of imminent large-scale attack
EU countries press for trade crackdown on China
Spain, France, Italy and the Netherlands say tougher measures needed to defend industry against ‘unfair’ practices
Centerbridge in talks to buy stake in $3bn real estate firm
Potential investment in Merritt Properties comes amid a busy stretch for acquisitions in commercial property
Iran war could add billions of dollars in interest payments to US debt
Government borrowing costs have reached their highest levels since 2007 after three months of the conflict
Why IPO mania could signal top of the market
A potential deluge of AI-related equity supply removes a source of upthrust for prices
Trump’s endorsement in Texas Senate race boosts Democrats’ hopes
Controversial nominee Ken Paxton is popular with Maga base but may struggle in November midterm elections
How the Premier League became a UK economic asset
Top-tier English football is a success story and important cultural export
Trump says deal with Iran to reopen Hormuz ‘largely negotiated’
US president plans to announce agreement to end war after talks with Gulf leaders and allies