FirstFT: Trump prepares to meet Lebanon’s leader
Also in today’s newsletter: US threatens Canada with 50% tariffs and judge pauses Paramount Skydance’s acquisition of Warner Bros Discovery
How does she get that glow?
The beauty expert’s guide to illuminated skin
Trump prepares fresh tariff barrage with 10% levies set to expire
US president to renew trade war after Supreme Court threw out reciprocal duties
Lack of UK jobs growth highlights challenges for Burnham
Payroll employment has flatlined while private sector wage growth eases to slowest pace in five years, ONS figures show
Berenberg discovers accounting manipulation designed to flatter profits
Auditor signs off delayed 2025 accounts, showing net profit fell from €81.6mn to €20.2mn
Thames Water lenders to offer ‘golden share’ to UK government
Creditors plan improved offer in bid to avoid nationalisation by new Burnham government
Who is in Andy Burnham’s new cabinet?
UK prime minister announces top team, with many experienced faces returning to government
UK wage growth continues to cool while unemployment rate steady
Bank of England will probably hold rates again in July amid mixed labour market signals
A break with the Starmer era — except at the Treasury
Chancellor from Labour’s ‘old right’ is experienced but unlikely to meaningfully diverge from previous set up
Mitie agrees £3.1bn takeover by rival outsourcer OCS
Facilities management group is latest London-listed company to agree a deal
Julius Baer earnings rebound on early turnaround signs
Zurich-based bank’s net profits more than double to SFr673mn
Cleaning up farm emissions | FT Rethink
Biogas and other resources can help farmers profit from surplus manure
Indian asset manager’s debut revives hopes for local IPO market
Shares of SBI Funds Management jump nearly 9% in country’s largest listing so far this year
Brazil faces unforgiving economics after election
Whoever wins the presidential race will have to face up to the need for fiscal consolidation
Burnham move to eliminate VAT on electricity bills sparks funding row
Government claim that measure would be funded by scrapping digital ID scheme disputed by former minister
Nearly 100 US troops injured in 2 weeks since Iran war resumed
Pentagon says most soldiers suffered ‘minor concussions’ and have returned to duty
Broken valuation metrics?
Maybe stocks are not that expensive after all
Adnoc to invest in $6.2bn natural gas schemes as UAE bids for self-sufficiency
Abu Dhabi oil group races to keep pace with domestic demand while facing potential end of gas supply deal with Qatar
EU tech tsar spars with justice chief over new online rule book
Also in this newsletter: Meloni pushes pardon for jeweller jailed over fatal shooting of robbers
FTAV’s further reading
Kevin Keegan; American AI; burials; squeaky sneakers; CPAC GB
UK chancellor John Healey inherits tricky finances
Prime minister’s choice of former defence minister surprises allies
Ride or Die — Hannah Waddingham and Octavia Spencer dodge assassins and husbands
The jovial Prime show is a study of mid-life female friendship contained in a predictable comedy thriller series
State Ballet of Georgia, Swan Lake — impeccably rehearsed yet underpowered
Nina Ananiashvili’s production brought flashes of brilliance to the London Coliseum, but was ultimately devoid of emotion
Linklaters partners handed record £2.5mn payday
‘Magic circle’ law firm cites Hong Kong listings work and growth in US as it reports bumper payouts for top ranks