Financial Times

Sotheby’s core earnings have plunged 88% due to a downturn in the fine art market, with its arch-rival Christie’s experiencing similar challenges.

The Financial Times reports on JD Vance urging a tech billionaire to fund Donald Trump’s election campaign.

The Financial Times reveals Brussels is probing whether Telegram violated EU digital regulations.

The Financial Times highlights Sir Keir Starmer’s warning that the upcoming autumn Budget will be “painful,” suggesting potential tax increases by the Labour government in October.

The largest aerospace and defence companies are set to rake in a record haul of $52bn over the next three years as they benefit from a surge in government and political tensions, with conflicts spurring sales, buybacks, and mergers and acquisitions.

Private equity firms are increasingly withdrawing from investments in China due to concerns over blocked exits, an economic slowdown, and heightened political tensions.

Jay Powell, the Federal Reserve Chair, has indicated he is prepared to cut US interest rates as early as September, citing global economic risks and a strong need to support the labour market, while also stressing that future actions are data-dependent.

AstraZeneca has warned it could move its vaccine plant to the US due to concerns over the UK government potentially cutting aid that supports drug manufacturing and research, with Philadelphia offering incentives to attract the company.

Public sector unions are challenging the Labour Party to address the losses from a decade of pay cuts, advocating for better deals following health and rail agreements and setting the stage for significant tests for the Starmer government.

The Financial Times reports that Rachel Reeves intends to increase social rents above inflation to enhance affordable housing availability.