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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A series of mysterious limpet mine attacks on oil tankers has shaken the shipping world, prompting speculation that the explosions were part of a state-backed sabotage campaign. Five vessels have been hit by deliberate blasts this year, with the latest incident flooding the engine room of the Greek-owned tanker the Vilamoura last week as it sailed off the coast of Libya. All the vessels called at Russian ports within weeks of the attacks, prompting some security experts to suggest that Ukraine…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank has warned that stricter rules for banks might obstruct Europe’s rearmament push, after it revealed a steeper than expected capital hit from the incoming regime.Changes to bank capital rules being phased in could restrict financing for smaller companies in the defence supply chain, Deutsche’s chief risk officer said on Wednesday. The reforms impose higher capital requirements on lenders to smaller, unrated companies, such as those in Germany’s Mittelstand, which have been gearing up to meet the country’s soaring demand…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a professor of economics at SOAS University of LondonEurope, the joke runs in Brussels, is permanently at a crossroads. But this time, it seems existential as the region faces the challenge of fickle allies and stronger economic competitors in a world of rapid technological change. The European Commission’s way out? A triple transformative imperative: close the innovation gap, make a joint effort to decarbonise while boosting competitiveness, and reduce excessive security dependencies.Yet transformation has a price tag. The…

[ad_1] TikTok and ByteDance employees are bracing for possible layoffs after the company informed staff it would announce “organizational and personnel changes” early Wednesday morning, according to a memo viewed by Business Insider.The changes would impact workers in the company’s global e-commerce business, TikTok Shop, which has had several rounds of layoffs this year.”Over the past month, we have assessed how we can best support our evolving Global E-commerce business in alignment with our mission and evolving goals in the market,” the company wrote in the memo.These changes come from “careful analysis of how to create more efficient operating models…

[ad_1] CNN  —  US President Donald Trump cast doubt on reaching a trade deal with Japan, a day after threatening higher tariffs on Japanese exports to the United States, claiming the country won’t buy American rice. “We’ve dealt with Japan. I’m not sure if we’re gonna make a deal, I doubt it, with Japan,” he told reporters on Air Force One on Tuesday. “They and others are so spoiled from having ripped us off for 30, 40 years that it’s really hard for them to make a deal.” As July 9, the end of the 90-day pause on Trump’s “reciprocal…

[ad_1] The détente between two of the world’s most powerful men did not hold.After their very public fallout over President Donald Trump’s Big, Beautiful Bill in early June, Elon Musk, the former face of DOGE, softened his tone on the president. Musk deleted several posts on X, and Trump also simmered the war of words.The Tesla CEO restarted his posting spree on X, however, after the Senate narrowly cleared a procedural vote on the spending bill over the weekend. By Tuesday, when the Senate ultimately passed its version of the Big, Beautiful Bill, the feud was back in full swing.From…

[ad_1] A version of this story appeared in the CNN Business Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  Elon Musk’s plan for saving Tesla is blowing up faster than a SpaceX rocket. It was supposed to go like this: Musk, who became a chainsaw-wielding MAGA acolyte, would ditch the DC sideshow and get back to business. His empire was flailing without him, and Tesla, especially, was in a tailspin. Investors were clamoring for that old Musk magic to revive sales and pivot the electric vehicle company into an AI juggernaut…

[ad_1] CNN  —  CBS News parent Paramount Global has agreed to pay $16 million to resolve a legally dubious lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night. Paramount said the $16 million sum “includes plaintiffs’ fees and costs,” and will not be paid to Trump directly, but instead will be allocated to Trump’s future presidential library — mirroring a settlement agreement that Disney’s ABC struck with Trump last December. “The settlement does not include a statement of apology or regret,”…

[ad_1] Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Dow Industrials rose 400 points amid a rotation into health-care names, and what’s on the radar for the next session. The Japanese rice trade from the 1800s, two charts and Apple Carter Worth of ” Fast Money ” fame, who made an unbelievably great call on a downturn for the stock back in 2022, said that Apple…

[ad_1] Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.Investors reaped the rewards of looser bank supervision as Wall Street’s biggest banks announced a flood of shareholder payouts on Tuesday, after passing regulatory stress tests that imposed easier conditions than in years past. JPMorgan, Goldman Sachs, Bank of America, Morgan Stanley and other banks said they would raise quarterly dividend payments to shareholders. JPMorgan and Morgan Stanley also said they would buy back billions of dollars’ worth of their shares. Goldman said it would raise its dividend 33 per cent.…