Top headlines from across today’s paper
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FINANCIAL TIMES
Saturday, 7 June 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
UK close to appointing first female head of MI6
 
Two women remain in running to be chief of Secret Intelligence Service, with decision expected within a fortnight
 
 
Donald Trump and Elon Musk’s allies urge reconciliation after damaging split
 
Tech industry fears commercial and political damage from breakdown in relationship between Tesla boss and US president
 
 
US fiscal policy is going off the rails — and nobody seems to want to fix it
 
Democrats and Republicans alike have presided over an unsustainable growth in the debt and deficit
 
 
Man Group orders quants back to office five days a week
 
Hedge fund tightens flexible working after period of poor performance for its systematic investing arm AHL
 
 
Triumphing under Trump: the corporate winners and losers
 
How global companies have fared since the US president’s inauguration
 
 
 

Top Headlines from the International Editions

 
 
 
Man wrongly deported to El Salvador returns to US to face human ‘smuggling’ charges
 
Prosecutors accuse Abrego Garcia of conspiracy to bring migrants from Ecuador, El Salvador and elsewhere to the US
 
 
Elon Musk’s feud with Donald Trump muddies xAI debt raising for Morgan Stanley
 
Bank was close to lining up $5bn for artificial intelligence group when US president and billionaire attacked each other
 
 
Donald Trump says US-China trade talks to be held in London on June 9
 
Announcement follows phone call between American president and Chinese leader Xi Jinping
 
 
How corporate America learnt not to mess with Texas
 
Emboldened by a sympathetic administration in Washington, the state is trying to use the size of its economy to shape corporate behaviour
 
 
Top Paul Weiss lawyer defects from firm after its capitulation to Donald Trump
 
Ex-New York US Attorney Damian Williams joins rival that defeated White House in courtroom challenge
 
 
 

Markets

 
 
 
Why we should worry about the rise of stablecoins
 
Asset-backed digital currencies could pose risks to bedrock of global financial system
 
 
Winklevoss-backed crypto group Gemini files for Wall Street IPO
 
Filing comes a day after stablecoin operator Circle surged in its public debut
 
 
Switzerland proposes forcing UBS to add $26bn in capital
 
‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse
 
 
Top Federal Reserve official promises major overhaul of US bank regulation
 
New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels
 
 
Donald Trump’s steel and aluminium tariffs expected to push up US import costs by $100bn
 
Frequent changes to levies make it difficult to predict how trade of the metals would be affected
 
 
 

Companies

 
 
 
Planning approvals for new homes in England drop to 13-year low
 
Figures underline Labour government’s challenge in meeting housebuilding target
 
 
Stockpickers: They’re not making land — but property has still faced some painful times
 
Owners of homes and warehouses are turning to consolidation to build up performance
 
 
It’s time for private equity to go back to basics
 
The industry should be more hands on to generate real business value
 
 
For the maker of Andrex, adult nappies are a chance to clean up
 
Demographically speaking, it is not younger end users who make up the greatest opportunity
 
 
Tata Steel warns its exports are at risk under UK-US trade pact
 
Britain’s largest steel producer urges government to secure full deal with Trump as soon as possible
 
 
 

Opinion

 
 
 
The cost of losing trust in the US