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US firm’s Russia work prompts Congress to demand stricter sanctions

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Letter to Biden administration warns SLB is helping finance ‘barbaric invasion’ of Ukraine

Yen resumes decline on doubts over Japan interest rate rises

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Currency sinks below ¥150 against US dollar for first time since August surge

Israeli air strike kills 33 in Gaza refugee camp as Hizbollah launches rocket attack

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Chances of a ceasefire deal remain remote despite death of Hamas leader Yahya Sinwar

Russia’s elusive war aims

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Any end to the fighting that left Moscow in control of some Ukrainian land wouldn’t necessarily add up to a victory

Israel, Lebanon and the mirage of a new Middle East

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Lebanese academic and diplomat Ghassan Salamé on how conflict engulfed his country — and why it is folly to try to reshape the region by force

How cold warriors used hard science

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Two revealing historical books show how the Soviet bloc weaponised space exploration and biochemistry during the cold war

New experiments in grape growing

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Breeders have crossed and hybridised vines for centuries but they’re facing different challenges now

Moldova confronts Russian cash-for-votes in EU referendum

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Illicit pension top-ups and money mules found in ex-Soviet republic ahead of Sunday’s vote, officials say

The royal hotel creating a buzz on Morocco’s Mediterranean coast

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The country’s Atlantic resorts are better known — but now the king’s Royal Mansour Tamuda Bay is drawing eyes to the Med

Why the cost of insurance is driving UK motorists to distraction

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This multi-faceted problem is not for the industry alone

The Canadian comedian who became China’s most famous foreigner

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Mark Rowswell, aka Dashan, on doing stand-up — and ‘Shawshank’ — in perfect Mandarin

Chinese AI groups get creative to drive down cost of models

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01.ai, Alibaba and ByteDance have cut ‘inference’ costs despite Washington curbs on accessing cutting-edge chips

Venice in three ingredients

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Artichoke, duck and eel are staples of the city’s cuisine — a glorious union of land, water and air. Here’s where to find them at their most delicious

Capital gains tax: a short history

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Since its beginnings in 1965, many UK chancellors have sought to reform the levy as a means of spurring economic growth

‘Nobody Wants This’ and the new agelessness of man

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Netflix’s hit romantic comedy reflects a world in which wrinkles, offices and children are slowly being obliterated

In search of art without an argument

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Why artists are so often banal or strident in their treatment of politics

Conkers scandal is a reminder of bonkers worlds everywhere we look

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Accusations of cheating reveal a drama fit for TV

Ruth Negga on returning to the London stage: ‘Actors are perpetual children’

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After a decade away, the star discusses her personal connection to ‘Quiet Songs’, in which she plays a teenager known as ‘Boy’

Airlines bet on food and art to lure flyers back to ageing premium cabins

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New perks offered while better planes and seats remain grounded from supply chain disruptions

KKR and Bain in all-out $4bn fight for Japan’s Fuji Soft

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Private equity titans cause a stir in the country, with a rare battle over Japanese software company

US expected to pay up to $20bn into G7 loan for Ukraine

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Washington’s contribution would follow months of wrangling to secure funding before presidential election

Thames Water bondholders fall out over emergency loan

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Lower-ranking creditors complain to utility they have been cut out of restructuring negotiations

Elon Musk’s riskiest bet yet: Donald Trump

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The billionaire entrepreneur has gone all-in behind the Republican candidate. If he wins, the prize could be substantial influence over the administration

Who will lead Hamas after Sinwar?

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The assassination confronts militant group with crucial strategic choice at its weakest point in two decades

UK fuel duty rise would rekindle inflation, warn motoring groups

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Rachel Reeves expected to axe 5p discount and weighs reinstating inflation-linked rises in Budget

Why the World Bank and IMF matter more than ever

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As global co-operation wilts, the twins must adapt to new realities

Harris and Trump are equally silent on the expanding US debt

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The nation is borrowing to finance current consumption rather than to make much-needed long-term investments

A ‘full fat’ Budget is impossible — what are the trade-offs?

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Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraints

NFL pushes to build global audience with more games outside US

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World’s richest sporting contest chases higher media and commercial revenues

Emerging markets are having a moment

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US interest rate cuts spur reassessment of asset class and bolster its allure

Tough luxury market dims Dior’s shine

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Sales stutter at LVMH brand run by Bernard Arnault’s daughter Delphine as luxury downturn deepens

Italian court rejects Meloni plan to hold asylum-seekers in Albania

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Anger in ruling coalition as first group of migrants sent to processing centres ordered to be returned to Italy

Trump tells Rupert Murdoch to help him secure US election ‘victory’

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Republican candidate says Fox News should not run negative ads about him before November 5 vote

Investing in America Series: Houston diversifies its economy to come out on top

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The gradual shift away from reliance on a single industry has helped the self-styled “energy capital of the world” take the top spot in the FT-Nikkei ranking of best US cities for foreign investment

Are tulips just too much trouble?

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Disease-prone, plundered by wildlife, and the very opposite of sustainable, the spring blooms are a rollercoaster ride — bumpy but unmissable

How can Rachel Reeves fill the UK’s £40bn Budget gap?

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Chancellor’s options hemmed in by Labour election promises and NHS spending

Labour’s promise of change requires a clearer message

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Starmer’s government must learn from leaders who transformed Britain: Attlee, Blair and, yes, Thatcher

Spirit to furlough hundreds as Boeing strike’s effects feed through supply chain

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Measure could spread to further staff if strike goes on beyond November

Reeves expected to prolong personal tax threshold freeze beyond 2028

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‘Stealth’ tax move in Budget could raise £7bn a year towards plugging £40bn fiscal shortfall

Rayner takes control of decision on new Chinese embassy in London

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Local inquiry to be held following four years of protests against China’s planning proposals

Final video of Hamas leader Yahya Sinwar transfixes Gaza

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Drone footage of chief’s demise has reshaped views among some Palestinians exhausted by war

Cabinet fightback: the revolt over spending

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Plus, the English justice system in crisis

‘Soft landing’ bets push US corporate spreads to lowest in almost 20 years

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Fed cuts and robust economy spur ‘tremendous demand’ for US credit

Burst of trades gives Trump a winning edge in election prediction markets

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Small group of bettors lifts odds of Republican victory to 62 per cent on cryptocurrency-based Polymarket

America must relearn diplomacy — the Eizenstat way

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The US is losing the art of serious statecraft

German president urges US to remember its ‘indispensable’ alliance with Europe

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Frank-Walter Steinmeier speaks out as fears over potential Donald Trump second term haunt Joe Biden’s visit to Berlin

Tobacco giants near $24bn settlement over long-running Canadian lawsuit

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British American Tobacco, Philip Morris and Japan Tobacco close to resolving class action suit

Tax experts warn over national insurance rise for employers

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Starmer refuses to rule out increase in this month’s Budget

Starmer ‘interrogates’ Miliband on green energy in mission ‘stock take’

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Prime minister to review progress on key UK priorities in coming weeks

David Olusoga: ‘My loyalty is to history’

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The historian on reimagining the Black British experience, being shot at from both sides in the culture wars and how to ‘de-weaponise the past’