Truss’s possible U-turn on tax cuts

SpaceX has raised $75bn in a record-breaking initial public offering, and the European Central Bank became the first central bank in the G7 to increase borrowing costs in response to the Middle East energy shock. Plus, the World Cup could have a lot of empty seats. Mentioned in t ...  Show more

France and Germany are discussing proposals for a radical overhaul of the EU’s 15-year-old diplomatic service, and the most recent US inflation report is putting pressure on President Donald Trump to extend the ceasefire with Iran. Plus, can Australia fix its housing crisis? Ment ...  Show more

It’s almost time to wave goodbye to the summer, but is Rishi Sunak also poised to bid farewell to some of his ministers? The FT’s Whitehall editor Lucy Fisher is joined by columnist Stephen Bush and political editor George Parker to discuss a cabinet shake up. Plus, the FT’s U ...

Britain’s outsourcing sector is in trouble, with Interserve just the latest in a string of companies seeking financial restructuring to avert bankruptcy. Josh Noble discusses what’s behind the problems and why the government is refusing to intervene, with Gill Plimmer and Jonatha ...  Show more

The Inflation Reduction Act has given the US an edge in future manufacturing, with billions of dollars in incentives to lure battery plants and chip makers to the US. But it’s also led to tension with close allies that can’t match the amounts the US is offering companies. Bloombe ...  Show more