Russia on brink of recession, says economy ministerNews Feed
Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown
European common debt is the way to topple the dollarNews Feed
It’s high time for the EU to overcome its childish resistance to permanent joint borrowing
The S&P 500 liquidity divergenceNews Feed
SPY > Spoos
Rio Tinto agrees to pay $139mn to settle Mongolian class actionNews Feed
Proposed court settlement comes against a backdrop of further potential turmoil for Rio at Oyu Tolgoi mine
UK government rebuffs Thames Water creditor demands as administration loomsNews Feed
Bondholders’ rescue plan for utility hinges on waivers from regulations and fines, documents show
US considers risks of Iranian retaliation if it attacksNews Feed
Tehran could target US troops, disrupt oil supplies or carry out cyber attacks or terrorism, warn former Washington officials
The best history books to read this summerNews Feed
Frederick Studemann selects his best mid-year reads
BoE holds rates at 4.25% amid Middle East uncertaintyNews Feed
Decision follows data showing UK inflation remains stubbornly above target
Can the US power grid keep up with the AI data centre boom?News Feed
Also in today’s newsletter, an interview with former BP chief executive Bernard Looney on the global AI power crunch
Artist Wael Shawky: ‘I believe that history is a human creation’News Feed
At Luma Arles and Edinburgh’s Talbot Rice Gallery, the Egyptian artist’s operatic films weave together myth, Arabic texts and puppetry