More on the 60/40 portfolio

Unhedged readers weigh in, hard

Ireland strives for EU budget breakthrough as December deadline looms

Also in this newsletter: Kaja Kallas hits back against France and Germany

FTAV’s further reading

Slop vs society; Resorts International; celebrities vs society; data regimes; licence theft; payday loans; and NPCdom

Yen strengthens as traders bet on Japan interest rate rises

Currency falls under ¥157 to the dollar after sudden jump overnight

FirstFT: KPMG warned Guggenheim unit over weak controls

Also in today’s newsletter: Dutch gold bars and Google ads

Transcript: Will Bessent’s ‘economic D-Day’ break Iran?

Sasha Polakow-Suransky talks to Stimson Center senior fellow Emma Ashford

Transcript: Uber teams up with driver unions to fight robotaxis

Sonja Hutson speaks to Malcolm Moore and Rafe Rosner-Uddin

US sailors roll into Thai resort after nine months at sea

USS Abraham Lincoln arrives after lengthy deployment that has become emblematic of Iran war’s strain on resources

Business School Debates

Topical issues for classroom discussion. This series hosts short case studies on contemporary business dilemmas for professors and students, written by academics who provide insights and questions on themes from supply chains and artificial intelligence, to marketing and accounting

Accelerating Business

A monthly series that examines how the legal ecosystem uses new technologies to serve fast-changing business needs. This time: Why law firms want their own in-house AI platforms

The new rivalry on Wall Street

Competition is growing between banks and proprietary trading firms

James Orr and the gospel of the new British right

Reform’s policy head is a Cambridge theologian with an enviable contact book and a belief in ‘faith, family and flag’

Netanyahu pushes to unite far-right vote before Israel election

Prime minister warns that infighting risks imperilling his rightwing bloc’s chances of re-election next month

‘Exit tax’ on UK entrepreneurs ruled out by business department

Jonathan Reynolds seeks to quell fears of levy on companies spun out from UK universities that move abroad

VodafoneThree to launch debut TV service in challenge to UK rivals

UK telecoms group hopes adding the TV platform will help it double its broadband business

Fixing the AI industry’s PR problem

Doomers will say it’s hopeless but here are five ideas to put out the fire

Gold’s run isn’t yet done

Fiscal burdens, sovereign buying and positive bond-equity correlation continue to support the precious metal

When is an economist not an economist?

A fraught question that warrants reflection on who gets to be a member of the influential informal guild

1898 Porter’s House, Ghent — a boutique bolt-hole with just four bedrooms

Key Notes | A historic townhouse begins a new life this week as a micro-hotel offering discreet luxury in the heart of the old town

KPMG warned Guggenheim unit over deficiencies in internal controls

Big Four auditor flagged up flaws in how private investment division accounted for revenue

The fatal car crash that spurred Vietnamese Gen Z protests

An official’s implication in the death of a teenager has angered youth and inspired calls for accountability

‘A fascinating combination of chemistry and poetry’: Nigella Lawson on the magic of baking

From ‘baking outsider’ to Bake Off judge, the FT columnist explores pastry’s enduring appeal

Tehran artists respond to catastrophe — and refuse to surrender to it

The city’s inaugural art month is bringing creators, galleries and collectors together as Iranians grapple with the trauma of war and unrest

Sweden’s election frontrunner vows green reset

Magdalena Andersson seeks comeback in September election after spell in opposition