Top headlines from across today’s paper
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FINANCIAL TIMES
Friday, 6 June 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
Labour wins pivotal Scottish by-election over SNP and Reform
 
Hamilton result gives momentum to Scottish Labour leader Anas Sarwar
 
 
HSBC’s Mark Tucker to become chair of insurer AIA
 
Brendan Nelson to take over as head of the UK-headquartered bank’s board
 
 
Donald Trump attacks ‘crazy’ Elon Musk as relationship implodes
 
US president signals he may cut billionaire’s contracts with the federal government
 
 
Draw your own chart game: How Taco were Trump’s tariffs?
 
Test your knowledge of how the US president’s trade war actually affected import duties
 
 
Reeves can no longer outrun Labour’s early choices
 
This government inherited a mess but it also hobbled itself with tax pledges and a plan dependent on higher growth
 
 
 

Top Headlines from the International Editions

 
 
 
Judge blocks Donald Trump’s ban on foreign Harvard students entering US
 
University argues president’s proclamation is a ‘government vendetta’ against the school
 
 
Russia launches drone and missile attack on Ukraine
 
Assault comes days after raid by Kyiv destroyed more than a dozen of Moscow’s strategic bombers
 
 
Builder.ai owes money to corporate spies and defamation lawyers
 
Microsoft-backed UK tech unicorn hired reputational management specialists after FT reported on founder’s legal issues
 
 
Donald Trump and Xi Jinping agree to launch new round of trade talks
 
Leaders hold phone call amid simmering trade tensions between the world’s two largest economies
 
 
Why does Maga world hate Europe?
 
Donald Trump’s team is taking its US culture war across the Atlantic with implications for the western alliance
 
 
 

Markets

 
 
 
Any respite for Japan’s bonds is likely to be short-term
 
Foreigners have recently been the only major buyers of the country’s longer-term government debt
 
 
Circle Internet shares soar 168% on NYSE debut
 
Stablecoin operator rides wave of enthusiasm for cryptocurrencies as Trump pledges to slash regulation
 
 
US oil companies lobby Republicans to keep Joe Biden’s hydrogen tax credits
 
Fossil fuel industry warns repeal of incentives could enable China to dominate production of the clean fuel
 
 
Goldman Sachs reins in risk appetite as Donald Trump’s tariffs roil markets
 
Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth
 
 
Tesla’s market value suffers biggest one-day drop after Trump-Musk spat
 
US president and world’s richest man trade insults as their alliance collapses
 
 
 

Companies

 
 
 
BCG fires two partners over work on Gaza aid overhaul
 
Consulting group says work by employees on contentious US-backed effort was ‘unauthorised’
 
 
UK bans bonuses at Thames Water and 5 other utilities
 
Ofwat’s new powers enable it to backdate veto on awards for CEOs and CFOs at poorly performing water companies
 
 
JPMorgan says it will fire analysts who accept future-dated job offers elsewhere
 
Letter sent to new recruits is latest escalation of US bank’s battle with private equity over junior talent
 
 
Walmart’s very good year
 
How the US retailer is growing, without hiring more people
 
 
Gucci owner in talks to sell Fifth Avenue building as it battles luxury downturn
 
New York building could become second deal the luxury group has struck with private equity firm Ardian
 
 
 

Opinion

 
 
 
Lessons from a stablecoin IPO: tech turns on a dime
 
Circle’s tokens should reliably preserve their value, but the same cannot be guaranteed of its shares