Top headlines from across today’s paper
All newsletters | Read in browser
FINANCIAL TIMES
Tuesday, 24 June 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
‘Regime change’ or peace: Donald Trump’s head-spinning Iran policy
 
President claims another Middle East war has ended — just days after the US joined it
 
 
Israel-Iran latest: Donald Trump says Israel and Iran have agreed ceasefire
 
Iran denies deal but say its military ‘response’ will end if Israel halts attacks
 
 
UK defence funding will hit 5% of GDP by 2035, Starmer to tell Nato summit
 
New target includes 1.5% of spending on security related infrastructure such as cyber and border protection
 
 
Dozens of rebel Labour MPs seek to stop Starmer’s welfare reforms
 
Opponents of the government’s bill that would cut benefits want to pressure ministers into making changes
 
 
Where is Iran’s uranium? Search continues for 400kg stockpile
 
US and Israeli attacks hit key nuclear sites but questions remain over stash of enriched material
 
 
 

Top Headlines from the International Editions

 
 
 
US House of Representatives bans WhatsApp on government devices
 
Official deems Meta-owned app ‘high-risk to users’, according to memo seen by the Financial Times
 
 
Germany to boost defence spending at faster rate than France or UK
 
Berlin plans a 70% increase in military spending to €162bn by 2029, according to leaked paper
 
 
Pedro Sánchez torpedoes Nato unity on eve of crucial summit
 
Leaders risk getting into shouting match with Donald Trump over increased defence spending
 
 
Revolut chief in line for Musk-style payday at $150bn valuation
 
Nik Storonsky struck deal before SoftBank funding round that awards him more shares if valuation clears set hurdles
 
 
‘Kirklandisation’ of Big Law pushes firms to launch salaried partnerships
 
Non-equity partners are back in vogue as rivals try to compete with Kirkland & Ellis
 
 
 

Markets

 
 
 
Oil tumbles as traders respond to Trump’s ‘ceasefire’
 
Brent slides as energy markets bet on de-escalation in the Middle East
 
 
Federal Reserve official Michelle Bowman calls for interest rate cut as soon as July
 
Vice-chair for financial supervision says Donald Trump’s tariffs will have smaller effect on inflation than feared
 
 
Oil majors pull staff from Iraq amid fears of retaliation by Iran
 
BP, TotalEnergies and Eni evacuate ‘some foreign personnel’ following US air strikes on Iranian nuclear sites
 
 
Donald Trump calls for immediate boost in US oil production
 
Brent crude jumps to five-month high before sliding in volatile trading
 
 
Impact of Iran-Israel conflict on oil could last for years
 
Conflict could be the catalyst for higher prices in the coming years as global production peaks and demand stays strong
 
 
 

Companies

 
 
 
Donald Trump claims Israel and Iran have agreed ceasefire
 
US president makes statement just hours after Tehran launched missiles at American base in Qatar
 
 
Canada and EU sign defence pact in step towards jointly procuring arms 
 
The two sides are increasing security co-operation in response to Donald Trump’s threats against his Nato allies.
 
 
IBM Consulting hires EY veteran Andy Baldwin
 
British consulting executive swaps Big Four for Big Blue
 
 
Novo Nordisk ends Hims & Hers tie-up over copycat Wegovy drugs
 
Shares in two companies slide as Danish drugmaker accuses US telehealth group of deceptively marketing replica treatments
 
 
Al Udeid: Iran attacks nerve centre of US air power in Gulf
 
Qatari base is Washington’s largest and arguably most important military outpost in the Middle East
 
 
 

Opinion

 
 
 
Macron and Merz: Europe must arm itself in an unstable world