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Bill Ackman’s backers will be stung by his fundraising flop

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US emissions of planet-warming gas far exceed estimates, study finds

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Russia unleashes massive drone attack on Kyiv

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Paris Olympic triathletes swim in Seine after bacteria levels subside

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Eurozone inflation edges up to 2.6% in July

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Brand loyalty ain’t what it used to be

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Bank of Japan raises interest rates to 0.25%

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Hamas political leader Ismail Haniyeh killed in Iran

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HSBC announces $3bn share buyback and names interim finance chief

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Rio Tinto reaches ‘inflection point’ as growth projects boost prospects

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Simone Biles leads US women’s gymnastics team to Olympic gold

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China’s factory activity contracts for third straight month

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Project 2025 director leaves after Trump backlash

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Violence in Southport after vigil for girls killed in mass stabbing

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Cautious consumers drive second quarterly sales fall at Starbucks

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories