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The Latest Breaking News from FT

Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup after leaving JPMorgan amid ‘bullying’ allegations

An Indian-origin banker set to earn around Rs 500 crore at Citigroup is facing scrutiny after a report alleged he bullied colleagues during his time at JPMorgan Chase.

The Times of India

Crispin Odey says ‘that’s bad news’ after he is banned from driving for a year

Odey, 67, told Bromley Magistrates’ Court on Friday that he was not used to 20mph speed limits after he was caught speeding in a Range Rover.

Evening Standard

Financial Times journalists in dispute with management over plans for office days

FT branch of NUJ say there is not ‘compelling case’ for mandate for editorial staff to be in office four days a week

The Guardian - UK

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US ambassador to Ukraine steps down after ‘differences of opinion with Trump’

The four-year war continues to rage with US-led efforts to end the war on hold

The Independent UK

Hegseth tells Europe to ‘stop talking and get in a boat’ to help open Strait of Hormuz

US secretary of defence told Europe and Asia that the time for a ‘free ride’ on American protection is over

The Independent UK

Blue chips close lower amid US-Iran stalemate

For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%.

Evening Standard

Microsoft and Meta announce large staff reductions as they spend big on AI

Meta said it would cut 10% of it employees while Microsoft will offer voluntary retirement to about 7% of workers

The Guardian - US

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Italy sports minister rules out replacing Iran at World Cup: ‘Qualification done on the pitch’

Italy missed out on World Cup qualification for a third successive tournament but have been mooted by Donald Trump’s envoy as a potential replacement for Iran

The Independent UK

Italian officials roundly reject proposal to replace Iran squad at 2026 World Cup

Italy missed out on the World Cup for the third successive time after losing a penalty shootout to Bosnia and Herzegovina in their qualifying playoff final.

Euronews

Trump envoy admits he’s lobbying FIFA to replace Iran with Italy at this summer’s World Cup

Diplomat Paolo Zampolli suggests four-time champions should be given a route back into the tournament after failing to qualify at the expense of the war-torn Middle Eastern state

The Independent UK

Trump’s envoy pushes for Italy to replace Iran at the World Cup

Paolo Zampolli’s suggestion came in part in an effort to rebuild relations between the US and Italy, which have been impacted after Trump criticised the Pope

The Independent UK

Is Trump's Hormuz blockade a 'success'? 34 Iran-linked tankers bypass restrictions with $900 million oil

US claimed that it holds "total control" over the Strait of Hormuz, calling it a success. However, reports reveal Iran-linked tankers are bypassing these restrictions. At least 34 tankers have continued operations, with some carrying significant oil volumes. This situation creates a complex environment for global oil trade. Tensions remain…

The Times of India

Ukraine-Russia war latest: Smoke spreads over 300km from Russian port on fire after deadly strike

Ukraine has struck Russia's Black Sea port of Tuapse multiple times within the past week, sparking a huge fire

The Independent UK

Hotels across America slash summer rates as World Cup demand falls short, report says

Experts have pointed to high ticket prices and simmering anti-American sentiment to explain the price drop

The Independent UK

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The Guardian - UK

New EU entry-exit system causing up to three-hour delays, say airports

Airport body has asked for power to suspend EES checks requiring personal information and biometrics

Tom’s Hardware

Mark Zuckerberg reportedly working on AI clone of himself — Meta insiders claim 3D photoreal animated Zuck will be able to engage with employees on his behalf

The very top job at Meta may periodically be delegated to an AI replica of Mark Zuckerberg. Will anyone notice?

The Guardian - UK

Crispin Odey drops £79m libel claim against FT over sexual misconduct allegations

Ex-hedge fund manager ‘forced to accept’ newspaper likely to succeed in its public interest defence, say his lawyers

The Independent UK

US declares ‘V for Victory’ in Iran but chaos in the Strait of Hormuz and Lebanon continues

A major escalation in Lebanon by Israel threatens to derail the Iran ceasefire less than a day after it was announced

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The Independent UK

Cost of Trump’s Iran war is now estimated to be $500 million a day

U.S. may already have spent as much as $31 billion on five-week conflict, think-tank estimates

The Independent UK

Secret passwords and crypto payments: Inside Iran’s mysterious new ‘tollbooth system’ in the Strait of Hormuz

Oil prices surged again on Thursday after Donald Trump dashed hopes of a swift resolution to the Middle East war

The Guardian - UK

Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’

Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily

The Guardian - UK

Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?

In today’s newsletter: As conflict engulfs Iran, shifting global alliances and soaring energy prices are reshaping the existing power balances that could redefine the next stage of international security

The Guardian - UK

The New York Times drops freelance journalist who used AI to write book review

Writer and author Alex Preston said he “made a serious mistake” after a reader spotted similarities between his review and one that appeared in the Guardian

The Independent UK

Hegseth’s broker accused of seeking to invest millions in defense contractors before Iran war

Defense Secretary Pete Hegseth accused of attempting to profit from Operation Epic Fury as Pentagon insists claim ‘false and fabricated’

Euronews

TotalEnergies made $1bn profit from Middle East oil bet as war disrupts prices

The French energy giant is reported to have dominated the Middle East crude market in March, snapping up dozens of oil cargoes as wartime disruptions created a historic opening for traders.

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