China industrial profits slide as trade war uncertainty sets inNews Feed
May reading flips cumulative growth for this year to a 1.1 per cent decline
US Treasury asks Congress to scrap retaliatory tax measure in Trump billNews Feed
Scott Bessent says deal with G7 will stop so-called Pillar 2 taxes from applying to American companies
Nike posts worst results in years but says outlook is improvingNews Feed
Sportswear group says latest earnings numbers reflect financial effects from corporate turnaround programme
FirstFT: Iran’s uranium largely intact, early European intelligence suggestsNews Feed
Also in today’s newsletter, Israel halts deliveries of aid to north Gaza and EU officials call Merz ‘delusional’ for his auto tariff expectations
Apple to open App Store to competitors in EU as it seeks to avoid finesNews Feed
iPhone giant will make it easier for developers to promote their offerings
Trump Mobile quietly drops ‘Made in America’ smartphone promiseNews Feed
Trump Organization’s venture now says devices will be ‘brought to life’ in the US
Anna Wintour to step down as editor of US VogueNews Feed
Condé Nast content chief will keep senior roles at parent company and global control of Vogue magazines
Tesla parts ways with top executive and fixer for Elon MuskNews Feed
Omead Afshar departs electric vehicle maker as it contends with a steep slump in sales
Can anything stop the US economy?News Feed
War, tariffs, high interest rates, etc. Why don’t markets care?
Investors threaten Lyon football club owner John Textor with legal actionNews Feed
Group including hedge fund billionaire Jamie Dinan demand $93mn after French club was demoted this week