Whatcha gon’ do with all that junk

Wealth manager notes an increase in withdrawals as people take money from their pension pots

Swiss bank unveils $3bn share buyback after volatile stock market drives record second-quarter revenues

Read the BoJ’s July forecast from the FT’s Monetary Policy Radar team

Banks urged to unlock private capital as governments eye more atomic energy projects

Lack of amphibious aircraft sparks political backlash as France and Spain fight blazes

Regulator to review exposure to AI sector at hedge funds and other clients of investment banks operating in UK

Fire-prone country is relying on earlier warnings and better data to stay ahead of increasingly destructive blazes

Former prime minister Rishi Sunak is the highest earner, according to House of Commons register

We didn’t sign a repayment agreement and now they have told me they won’t pay it back

Landmark project that solved protein folding gives way to a wider race to build AI systems for scientific discovery

Companies are doubling down on AI spending, but investors are not sure how much they can stomach

Meta chief warns against ‘regulatory capture’ of American rules on the technology

Measures are the latest sign of Washington’s warming relations with Ukrainian President Volodymyr Zelenskyy

Niesr calls for new policy commitments to be fully funded owing to impact of Iran war

Also in today’s newsletter: Powerful earthquake hits Japan and Fifa plans $20bn commercial vehicle

Jonathan Reynolds tells FT that Starmer government dropped focus on economic growth because of ‘so many priorities’

Labour’s recovery appears to have come at the expense of Zack Polanski’s party

Sports Direct owner discloses 4% position as it strives to establish itself in the luxury market

The French container shipping company predicts heightened demand will persist

Whether core voters stay onside remains to be seen, while opposition parties’ strategies look unconvincing

Demand in Europe, US and Japan helps offset impact of US-Iran war

Plus, oil is a problem again

Asia-focused UK lender has embarked on cost-cutting plan that includes reducing back-office jobs

Research warns Washington should be alarmed at military implications of the sector’s rapid expansion

Richemont looks better placed than LVMH if the technology creates a K-shaped economy

The Democratic socialist mayor of New York is targeting support at small companies — the likes of the food truck or corner bodega

Trump’s and Iran’s social media posts on the conflict have become ‘a substitute for thought’, says one memetic pioneer

Younger workers once foresaw the demise of horse-drawn carriages — but anticipating obsolescence can be self-fulfilling

EQT bought joint control of UK utility in deal worth less than the value of its regulated assets

A toxic puffer fish that can bite soda cans in half is tearing through nets and livelihoods

How the Erie Canal created America's municipal bond market

Powerful tremor in Kumamoto prefecture has left at least 13 people dead

Second-largest memory-chip maker says it won multiyear contracts with about 10 customers

Allowing all companies to file confidentially for an initial public offering looks fruitless

China’s CATL aims to become market leader for battery energy storage systems

Former Fed-member Stephen Miran’s plan to fight inflation

While it’s already common to find private equity and credit under the same roof, any tie-up will prove a test of culture

CAF Bank suspends internet banking after identifying attempted fraud

Couple received threatening deliveries including funeral wreath and live cockroaches after chiding retailer in blog

Swiss energy group reports $3.3bn in first-half earnings at its marketing division

Indian industrialist considers offer for Associated British Ports as two Canadian pension funds prepare to sell stakes

Also in this newsletter: Hungary slows Ukraine’s EU accession despite Orbán’s departure

Big Four consultant is latest firm found to have produced slapdash work while marketing expertise on the technology

London transport authority claims leading manufacturers misled authorities over diesel emissions

Football’s global governing body looks to sell a 20% stake in a new commercial entity

Kyiv is shifting its long-range drone campaign to keep plants offline for longer

My theory is that the UK is a cultural piggy-in-the-middle between the main EU economies and the Anglosphere

Companies have a responsibility to protect every share but stock-based pay is quietly eroding their value

There’s a fine art to looking the part for a day trip to the beach at the height of an American summer

The policy is back in favour with progressives, but critics say it benefits only existing tenants and saps investment

Miner hails outcome of cost cuts and says data centre investments will raise need for commodities

Cybersecurity firm Proofpoint faces higher borrowing costs and tighter covenants in latest debt deal

Scale of losses in recent weeks sparks growing risk aversion on Wall Street

Incident ends a days-long pause in direct air strikes

UK prime minister joins chorus of criticism as football’s governing body holds talks with Trump-linked investment vehicle

Conservative daughter of former dictator becomes latest rightwing leader in Latin America

New and cheaper models could be a boon for the growth of the tech sector

Strong demand for jewellery and eyewear drives improved performance

Scientists need to update their models to understand how these extreme events start and spread