Robert Mueller, former FBI director who led Trump inquiry, dies at 81
Department of Justice veteran investigated alleged ties between Trump campaign and Russia
Jay Powell extols ‘independence and integrity’ after latest attacks by Trump
Fed chair cites importance of resisting short-term pressure in accepting Volcker award for public service
Trump sets 48-hour deadline for Iran to open Strait of Hormuz
US president threatens to strike Iran’s power plants if the waterway is not opened for shipping
OpenAI to double workforce as business push intensifies
The $730bn start-up plans to increase staff to 8,000 by end of 2026 in bid to close gap with rival Anthropic
How the FTSE grew comfortable with bumper pay for bosses
Generous deals to keep CEOs at some of the largest UK companies have caused barely a ripple of discontent
HTSI editor’s letter: an ode to the odeon
A celebration of cinemas – and the summer’s hottest beach spot
The Iran war has made clear Europe’s role as bystander
If Europe is to regain any status, it will have to do a lot more than just say ‘no’
Canada’s oil producers in line for C$90bn windfall from Iran war
Rising crude price will boost export revenue as Mark Carney seeks to counter Donald Trump’s trade wars
US fertiliser bosses cash in as Iran war boosts shares
CF Industries aided by access to low-cost US natural gas as energy crisis slams Asian and European competitors
Chart of the Week: Global rates show deeper war fears
Investors are becoming increasingly hawkish
Sir James Dyson tackles rugby
Also in today’s newsletter: the WNBA’s new labour deal and Fifa’s World Cup reliance
Transcript: The AI revolt in Maga-land
Marc Fillipino talks to Joe Miller
The everyday miracle of eggs
Is there anything an egg can’t do?
Iran lets grain ships through Hormuz to shore up food supply
Agriculture has been a ‘pain point’ for Tehran after it imposes de facto blockade of waterway in response to US-Israeli war
Energy crisis upends Rachel Reeves’ growth plan amid hints of recession
Chancellor had vowed to cut cost of living but Treasury now foresees ‘very difficult Budget’ later this year
We should all be playing pothole politics
Living in the ‘Potswolds’ has made me one of the Angry Local People pointing at our damaged roads
Iran launches 10mn rial banknote as war triggers dash for cash
Iranians queue to get hold of highest-ever denomination bills as US-Israeli strikes fuel demand for hard currency
Iran war raises the risk of a bond market shock
Wild swings in UK gilts point to strains that will hurt government finances and jack up borrowing costs for us all
Uber fights to stay in the robotaxi race
Ride-hailing company must make up lost ground on driverless vehicles, or risk being left in the rear-view mirror
Life insurance sales surge in wake of Reeves’ inheritance tax shake-up
Chancellor’s targeting of pensions prompts more people to take out insurance, say industry figures
EU member states urged to lower gas storage targets due to Iran war
European Commission proposes steps to try to reduce demand for energy from households and industry
History is tragically repeating itself in Lebanon
Ensuring the country’s survival — and Hizbollah’s weakening — is Trump’s best hope for Middle East success
Is Britain ready for US-style religious politics?
Fuelled by new funding and transatlantic links, Christian groups are playing an increasingly prominent role on the UK right