Top headlines from across today’s paper
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FINANCIAL TIMES
Friday, 29 August 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
City fears mount that Budget will target banks to help fill £20bn fiscal hole
 
A tax raid on lenders would damage the government’s growth agenda, executives warn
 
 
Federal Reserve’s Christopher Waller says he could back jumbo rate cut if US economy weakens sharply
 
Central bank governor says August jobs report will be pivotal in setting direction of monetary policy
 
 
Donald Trump hits small packages with fresh tariffs as duty-free exemption ends
 
New levies on parcels worth less than $800 mark latest salvo in US president’s trade wars
 
 
Farage is winning the new battle of Brexit
 
Like it or not, the belief that mass immigration has gone too far is now mainstream
 
 
‘Full of bugs’: how the world’s biggest carmakers fell behind in software
 
The shift from a manufacturing model to a digital one is proving difficult and expensive for many of the industry’s traditional companies
 
 
 

Top Headlines from the International Editions

 
 
 
Canada struggles to ease Trump tariffs despite Carney concessions
 
Prime minister’s praise of US president and decision to scrap levies on American goods fails to win deal
 
 
US health agency leadership turmoil gives Robert Kennedy the upper hand
 
Battle for control of the CDC follows rising tension over health secretary’s position on vaccines
 
 
Trump Intel deal designed to block sale of chipmaking unit, CFO says
 
US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
 
 
Lisa Cook, the Federal Reserve governor battling Donald Trump
 
Economist’s legal showdown with the president will have sweeping implications for the US central bank
 
 
Donald Trump’s assault on US nuclear watchdog raises safety concerns
 
Staff ‘forced out’ and independence curtailed at the Nuclear Regulatory Commission
 
 
 

Markets

 
 
 
European imports of Asian jet fuel hit record during peak summer season
 
Chinese refineries step up trade to the west as country shifts to electric vehicles
 
 
FCA opens investigation into Drax annual reports
 
Regulator to probe allegations energy group made misleading statements over sourcing of wood for biomass pellets
 
 
Exxon escalates attacks on EU’s ‘high-regulation’ climate policies
 
US oil major warns Europe’s approach has driven up energy costs and eroded public backing for green transition
 
 
Renewable food is on the horizon
 
Industrial agriculture is failing us — but markets have found a solution
 
 
Rare earths miner targets US investment to rival Chinese supplies
 
Australia’s Lynas raising more than $500mn to invest in capacity as governments seek more critical minerals
 
 
 

Companies

 
 
 
Qantas plots a tricky course between profit and politics
 
Australia flag carrier trades at multiple of operating profit that’s lower than its three US peers
 
 
Brazil raids cartel’s alleged multibillion-dollar money laundering scheme
 
Officials said the Primeiro Comando da Capital drug gang was at the root of the racket
 
 
Former CEO and chair of Ladbrokes owner charged with bribery
 
Crown Prosecution Service charges 11 individuals following a probe into Turkish activity of gambling group
 
 
British farmers brace for a second year of poor harvests
 
Dry weather hits crop yields as the UK industry also contends with reduced government subsidies and tax changes
 
 
Nuclear fusion developer raises almost $900mn in new funding
 
Commonwealth Fusion Systems wins backing from investors including Nvidia and Morgan Stanley
 
 
 

Opinion

 
 
 
China gains from Trump’s alienation of India