Top headlines from across today’s paper
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FINANCIAL TIMES
Friday, 18 July 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
Brazil’s Lula hits back at Trump tariff threat as ‘unacceptable blackmail’
 
US president writes letter of support to former Brazilian leader Bolsonaro, who is on trial on coup charges
 
 
Donald Trump set to open US retirement market to crypto investments
 
President preparing executive order to allow 401k plans to tap broad pool of alternative assets
 
 
Can Donald Trump fire the chair of the US Federal Reserve?
 
The president has a number of options to take action against Jay Powell, but they all come with risks
 
 
MI6 operatives and UK special forces named in leaked Afghan database
 
Personal data of British officials was recorded in case notes of Afghans they were sponsoring for relocation to UK
 
 
Down in one: how private equity swallowed the BrewDog Unicorn
 
Thanks for all the money, Punks
 
 
 

Top Headlines from the International Editions

 
 
 
Donald Trump tells justice department to release Jeffrey Epstein testimony
 
US president directed attorney-general Pam Bondi to seek to unseal grand jury transcripts in the case
 
 
Union Pacific in early-stage talks with Norfolk Southern to create $200bn rail colossus
 
Merger of rivals would face intense scrutiny from US regulators
 
 
From ‘ghost flights’ to extra toilets: how Qantas regained altitude
 
Improvements in punctuality and service have driven Australian airline’s recovery, says chief Vanessa Hudson
 
 
University of California fund ditches hedge funds with scathing rebuke
 
Chief investment officer says stocks and bonds would have prevented ‘all the drama’
 
 
Jay Powell defends Fed’s management of $2.5bn headquarters refurbishment
 
Central bank chair has faced intense criticism from Trump administration over the project
 
 
 

Markets

 
 
 
‘No longer a pet project’: tiny Beijing stock exchange becomes IPO hub
 
Looser listing rules and demand for small-cap tech drive more IPO applications than for Shanghai and Shenzhen combined
 
 
Trump trade regulators reverse Biden-era block on oil board seats
 
John Hess and Scott Sheffield can become directors of Chevron and ExxonMobil under merger agreements
 
 
US Congress passes landmark bill to regulate stablecoins
 
Legislation will pave the way for banks to launch digital assets
 
 
Ex-HSBC currencies chief gets fraud conviction thrown out
 
Appeals court overturns verdict after US Supreme Court invalidated a key legal theory used to convict him
 
 
Donald Trump says Coca-Cola will use cane sugar in US production of Coke
 
President enters long-running debate about the health effects of different types of sweetener
 
 
 

Companies

 
 
 
Netflix says weak dollar and strong subscriber growth will boost revenue
 
Streamer’s shares up 42% this year thanks to live shows and hits such as ‘Squid Game’ and ‘Adolescence’
 
 
AI start-up Perplexity’s valuation tops $18bn months after latest funding round
 
Artificial intelligence-powered search engine lures new investors to back higher price tag
 
 
Former Goldman banker Simon Dingemans on shortlist to chair Channel 4
 
Candidates’ names submitted to culture and media secretary Lisa Nandy
 
 
Kenvue drama shows not all spin-offs are created equal
 
The anticipated hidden value has not materialised since its demerger from J&J
 
 
EU offers Trump tit-for-tat car tariff cuts
 
Move attempts to break impasse in talks by ditching complex mechanism proposed by German industry
 
 
 

Opinion

 
 
 
Japan’s troubling fiscal laxity
 
Politicians are promising voters tax cuts