Strait of Hormuz will be reopened as part of ceasefire extension, Prime Minister Shehbaz Sharif says

Bankers convinced investors to believe in a sci-fi strategy, overlook steep losses and hand full control to Elon Musk

Also in today’s newsletter: a dispatch from LA and Mercedes F1’s robust finances

A ‘wait and see’ monetary policy strategy risks repeating the mistakes made in 2008

Tim Clark is open to a successor to the discontinued superjumbo A380, even if made in China

Given the continent’s weak starting point, its modest ambitions could have a big impact on local companies

The UK pharma group has announced its biggest biotech acquisition in more than 25 years

The Labour leadership hopeful has left clues as to his priorities on tax, investment and housing

The midfielder who co-founded a biochemicals business on the difference between the locker room and the boardroom

As the FT Weekend Festival arrives in the city, we salute its epic charms

Trump administration directs company to limit access to foreign nationals on national security grounds

Barclays and LSE Group bosses miss out despite early-stage approval

At the heart of the debate is not just how much the UK should spend on the military, but what types of threat it faces — and ultimately, its place in the world

Winston Soosaipillai accused of creating a ‘web of deceit’ before energy group collapsed

It might be improper to put the president’s face on the currency. It might also not work

UK prime minister and Greater Manchester mayor have mutual disdain stretching back many years

US president’s latest comments raise prospect of return to cycle of military escalation

Terrestrial valuations don’t apply when it comes to Elon

The firm’s $13bn HPS Corporate Lending Fund limits withdrawals for a second consecutive quarter

The insurance boss on the risks of social fragmentation, why Europe needs a sovereign wealth fund — and putting ‘my Germanness’ aside

Lionheart Capital and Keo Energy create Nasdaq-listed company to pursue assets in Latin American nation.

Company is trying to preserve cash to shore up its business amid market slowdown

Wall Street lenders say employees can ask to work from home on match days to ease congestion in host cities

The technology is leading to a fundamental shift in the way investors allocate funds and diversify risks across every asset class

A user’s guide to interpreting global football chief Gianni Infantino’s most inspirational thoughts

Big Tech no longer prints money; it needs it. What will that mean when confidence dips?

Why being offline and unseen is becoming a status symbol

For veterans of Britain’s broadcast licence battles, the Disney+ Jilly Cooper adaptation paints a recognisable picture

The wines are appetising, versatile partners for food and rarely overpriced

Companies are grappling with whether and how to rein in employee wagers that could use confidential information

Windfall bonus for workers drives up property prices and department store purchases

Rocket and AI group’s shares jumped by nearly a fifth after raising $75bn in record initial public offering

His unrivalled grip on the public imagination has transmuted into Wall Street gold

Resignation of UK defence secretary shows some governments will struggle to find the money

Our experts discuss which companies to buy, sell or hold this week

Three-judge panel upholds 25-year prison sentence for founder of collapsed crypto exchange FTX

There is a bigger political constituency for fiscal consolidation than many think

Trial on charges of ‘cherry picking’ profitable trades for favoured portfolios was scheduled to begin on Monday

The X owner is using his platform to amplify extremist opponents of multiculturalism in Britain

Consumers expect prices to rise in the coming months but businesses appear more hesitant given weak demand

The collapse of Paris and Berlin’s joint venture raises the question of whether either country can do defence alone

The headline annual inflation rate hit 4.2%, the highest since April 2023

Mike Ashley’s penchant for stake-building is not that well suited to the public markets

Malign social media automates division — I saw the effects in our city this week

Thirteen years in the making, the game’s next instalment promises to be the biggest entertainment product in history

The outbreak in the DR Congo is unlikely to spread worldwide. But it comes at a time of cuts to health budgets and exposes a worrying lack of preparedness for ‘Disease X’

Trade commissioner argues translation into 24 languages slows down bloc’s ability to strike up deals

At this Senegalese restaurant in the Africa Centre, every element — from mood and service to comforting, powerful food — combines to soulwarming effect

From China to Saudi Arabia, governments are investing billions in gaming to project influence and assert control

Trump administration said it killed Héctor Guerrero in co-ordination with the government of Delcy Rodríguez

Deal is critical to David Ellison’s ambition to create new media empire

Goals, talent and diversity are set to drown out controversy off the pitch

We will understand more about new Fed chair Kevin Warsh when he oversees his inaugural rate meeting on Wednesday

Peter Thiel-chaired data intelligence group sued publication over reports that Switzerland rejected its approaches

Private capital giant chose Texas city over Miami and Palm Beach as private schools’ capacity fills up in Florida

List expanded to almost 400 imported items with significant amount of steel or aluminium

Better patient outcomes are at risk in the backlash against American tech

Elon Musk’s AI-to-rockets group raised $75bn in the world’s biggest initial public offering

Two-fifths of UK applicants received fewer shares than they asked for at the record-breaking IPO

Derbyshire Police says officer probed over allegations of perverting the course of justice