Financial Times

The Financial Times says the Taliban’s rapid push to overthrow Afghanistan’s Western-backed government accelerated yesterday – prompting the US and UK to take action as provincial capitals fall. 

The White House has asked Opec to boost oil production to curb high petrol prices that “risk harming the ongoing global recovery”, the Financial Times reports.

The Financial Times splashes on the news that President Joe Biden has achieved a major victory after the US Senate passed a $1trn infrastructure bill to upgrade America’s crumbling transport system.

The Financial Times splashes on the warning that the world is likely to be 1.5C warmer by 2040, according to the UN’s science panel, which says it is “code red for humanity”.

Tobacco group Philip Morris International has raised its offer for inhaler maker Vectura in an effort to knock out a rival bid from a US private equity group, says the Financial Times. 

The Financial Times leads with the news the Bank of England has said a modest tightening of monetary policy is likely to be necessary, in a bid to control inflation.

The Financial Times leads with the World Health Organization’s plea for a halt on COVID boosters while poorer nations struggle for vaccines.

The former Tory MP at the centre of a fight over the influence of donors on the party has accused Conservatives co-chair Ben Elliot of mixing business and political interests, the Financial Times reports.