Top headlines from across today’s paper
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FINANCIAL TIMES
Saturday, 12 July 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
Fuel to Air India 171’s engines was cut off seconds before fatal crash, report says
 
Preliminary findings recommend ‘no actions’ against Boeing or GE Aerospace over incident
 
 
Reeves to open ‘front door’ for investors in UK with concierge service
 
Chancellor will use Mansion House speech next week to launch growth plan for financial services sector
 
 
Elon Musk’s xAI seeks up to $200bn valuation in next fundraising
 
Grok chatbot maker in early talks with investors to boost its value as much as 10 times from last year
 
 
Brussels plans new tax on big companies to boost EU budget
 
Annual charge would hit groups with net turnover of €50mn or more, according to leaked European Commission proposal
 
 
Britain and Europe need to get serious about air conditioning
 
In a rapidly warming world, a former extravagance is becoming a necessity
 
 
 

Top Headlines from the International Editions

 
 
 
‘El Chapo’ scion pleads guilty to US drug trafficking charges
 
Ovidio Guzmán, son of the Sinaloa Cartel’s co-founder, could produce trove of data on group’s ties to Mexican politicians
 
 
Kraft Heinz explores potential break-up
 
Spinning off traditional grocery unit featuring boxed dinners and processed cheese is one idea being studied
 
 
How Elon Musk’s rogue Grok chatbot became a cautionary AI tale
 
Posts praising Hitler show the risks of accelerating the nascent technology with little stress testing and few guardrails
 
 
Ecotricity founder Dale Vince: ‘There’s got to be a bigger purpose in life’
 
The entrepreneur on his Labour party donations, the case for green growth — and taking Elon Musk to court
 
 
US state department begins firings of more than 1,000 employees
 
Dismissals will target staff deemed redundant or out of sync with Donald Trump’s agenda
 
 
 

Markets

 
 
 
Donald Trump could trigger another market shock, investors warn
 
Fund managers and bankers cast doubt on bets US president will back down from most severe threats
 
 
Does the US have Dutch disease?
 
The exorbitant burden of exporting dollars makes it hard for America to govern at home
 
 
Coffee tariffs give caffeine fans grounds for concern
 
Almost all of the hit from coffee price rises reaches end consumers in eight months — a lifetime to a caffeine addict
 
 
IEA forecasts slowest oil demand growth outside of pandemic since 2009
 
Energy advisory body expects global consumption to increase by 700,000 barrels a day this year
 
 
BP says lower oil prices will weigh on earnings
 
Energy major warns of second-quarter hit but flags higher production
 
 
 

Companies

 
 
 
UK lung cancer patients less likely to receive advanced treatments
 
Study compared use of chemotherapy and radiotherapy in 280,000 people from Britain, Australia, Norway and Canada
 
 
Stockpickers: Rewards await for patient investors in UK small techs
 
Fledging UK digital companies may not command premiums of Magnificent Seven, but are worth a look
 
 
James Gunn, Hollywood’s box office superhero
 
A fan of trashy cult movies, his wacky blockbusters have rescued comic book franchises from mortal danger
 
 
Directors’ Deals: Nelson Peltz cashes in £25mn of Unilever shares
 
Activist investor’s sale for ‘portfolio management’
 
 
Amazon’s annual deal fest is no longer all about the bargains
 
Prime Day isn’t just a way of shifting goods so much as a means of feeding the ecosystem
 
 
 

Opinion

 
 
 
Britain’s damaging flirtation with a wealth tax