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[EN] Financial Times

Vance touts Trump’s economy to shift message on high costs

Vice-president urges patience on affordability after Trump veers off script on cost of living crisis

India’s central bank governor signals rates to stay low for ‘long period’

Sanjay Malhotra celebrates ‘Goldilocks’ growth that could be boosted further by trade deals with US and EU

High-profile figures pictured in newly released Epstein photos

‘Behind every door, there’s a new Epstein photo’

Trump orders blockade on sanctioned oil tankers off Venezuela

US president says military build-up will continue until return of oil and assets ‘they previously stole from us’

Waymo in talks to raise funds at $100bn valuation

Alphabet’s robotaxi venture plans to expand to dozens of cities, including London and New York

Letter: The EU’s trailblazing investment funds regime

From Mark St Giles, Cadogan Financial

Letter: Ministers misdiagnose rise in Neets as a laziness issue

From Samuel Ducrey, UCL Economics Student, London NW1, UK

Letter: Full metal dust jacket

From Izhar Khan, Consultant Nephrologist and Honorary Senior Lecturer (NHS Grampian)

Letter: Singapore’s disciplined balance-sheet management

From Dag Detter, Stockholm, Sweden

Letter: Steps the UK must take to improve its energy system

From Chris Bernkopf, Chief Executive and Co-founder, Podero, London EC3, UK

Letter: Brussels is creating a green spaghetti bowl of regulation

From Jodie Keane and Colette van der Van

Letter: It doesn’t feel like business rates are at a 34-year low

From Christian Oddono, Managing Director, Oddono’s Gelati Italiani

Letter: My philosophy tutor had little time for superstition

From Luke Powell, Charing, Kent, UK

UK plans to remove curbs on litigation funders to broaden access to justice

Government says move will empower citizens but critics say it will expose businesses to more costly class-action lawsuits

UK backs £150mn package for Ineos’s Grangemouth chemical plant

Government says investment will protect 500 jobs at a time when facilities across Europe are being shut down

UK driving tests agency will not hit key waiting time target until 2027

Public spending watchdog calls for ‘underlying issues’ at DVSA to be tackled in bid to cut backlog

FT Crossword: Number 18,241

UK set to rejoin EU’s flagship Erasmus student exchange programme

Britain expected to return to Erasmus+ scheme in 2027 as part of reset of relations with the bloc

Andersen valued at $1.75bn in IPO for consulting spin-off of Enron auditor

Former Arthur Andersen partners raise $176mn after pricing shares at top of range

Trump expands US entry ban to include Palestinians and Syrians

Administration cites war and weak governance without citing evidence of specific security threats from nations listed

Euroclear put on notice about possible rating downgrade

Fitch highlights liquidity risks for central securities depository if EU plan for a loan to Ukraine goes ahead

Medline raises more than $6bn in biggest IPO of 2025

Upsized deal was closely watched as a sign of investor appetite for new listings

Oil settles below $60 a barrel on hopes of Russia-Ukraine peace deal

Brent crude falls to lowest level in almost five years

FirstFT: Warner Bros to reject $108bn Paramount hostile offer

Also in today’s newsletter: Global brands seek PE partners in China, and oil falls below $60 a barrel