Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down.
Trade data released this morning shows that China’s exports regained some momentum in June.
China’s exports rose 5.8% in June from a year earlier to $325bn, while imports rose 1.1% to grow, according to data from the General Administration of Customs.
Its gains have been driven by strong inflows into ETFs, including BlackRock’s Bitcoin ETF IBIT, which, after receiving $1.7bn in inflows last week, now manages $84bn in FUM (funds under management).
Still, the rally is underpinned by a crypto-friendly US policy shift and growing emerging market adoption — both remain intact.
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© Photograph: Carlos Jasso/Reuters
© Photograph: Carlos Jasso/Reuters
© Photograph: Carlos Jasso/Reuters
London Gatwick-bound flight came down in Ahmedabad last month killing a total of 260 people
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Your quick and easy guide to every player selected for the tour to Australia
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No tsunami threat issued so far after powerful earthquake
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Trump is set to announce an “aggressive” new plan for arming Ukraine amid frustration over Putin’s attempts to stall peace, according to a report
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Viktor Gyokeres and Noni Madueke are closing in on moves to Arsenal this window
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Chelsea’s players were left baffled by Trump’s prolonged presence at the trophy ceremony
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Trump attended the Club World Cup final on the anniversary of his assassination attempt
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Sinner became the first Italian to win a singles title at Wimbledon after his four-set win against Alcaraz, with the Prince of Wales and his family watching on from the Royal Box
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The Spaniard missed out on a third consecutive Wimbledon title with a four-set loss to Jannik Sinner
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Watch as a huge plume of black smoke is seen rising from outside Southend Airport, after a small plane crashed and erupted into a fireball.
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Watch Pete Hegseth in an awkward drone video as he issues a new directive aimed at increasing the US’ arsenal of unmanned aerial systems, all while Metallica plays in the background.
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Three decades on from the author’s breakthrough debut, why are we still trapped in the Trainspotting moment?
It has been more than 30 years since Irvine Welsh published Trainspotting. To put that in perspective, it’s as distant to readers today as Catch-22 or To Kill a Mockingbird would have been in 1993. If you are anything like me, that doesn’t feel quite right. Because even at such a historical remove, there remains something undeniably resonant, something curiously current, about Welsh’s wiry, demotic, scabrous debut.
In part, this is explained by the sheer scale of Trainspotting’s success. It was one of those genuinely rare literary events, wherein a critically acclaimed, stylistically adventurous book catches the cultural zeitgeist to such a degree that it also becomes a commercial sensation, going on to sell over a million copies. Its cultural salience was further compounded by Danny Boyle’s cinematic adaptation, one of the highest-grossing UK films of all time, a visual intervention that seemed to crystallise the aesthetics of Britpop – high velocity, high audacity, high nostalgia.
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© Photograph: Channel Four Films/Allstar
© Photograph: Channel Four Films/Allstar
© Photograph: Channel Four Films/Allstar
Where his family once farmed on a wild fringe of the Lycian shoreline, one man has built his dream retreat
Aged seven or eight, planting onions on his father’s land above Kabak Bay, Fatih Canözü saw his first foreigner. Before the road came in 1980, his village on the jagged coast of south-west Turkey’s Lycia region was extremely remote, isolated by steep valleys and mountains plunging into the sea. It took his family two days to get to the city of Fethiye on winding donkey tracks, to sell their apricots, vegetables and honey at the market. Despite his shock at seeing the outside world intrude for the first time, Canözü remembers thinking even then that tourism was the future.
Four decades on and having trained as a chef, Canözü has not only built a restaurant and 14 tourist cabins in Kabak, he has married a foreigner too: a former Middle East correspondent from England, who came here to research a novel and ended up falling in love. Now they are raising their family on this wild fringe of Anatolia’s Turquoise Coast, a region that Mustafa Kemal Atatürk, founding father of the Republic of Turkey, is said to have called the most beautiful in the country.
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© Photograph: PR
© Photograph: PR
© Photograph: PR
Winner of the Marilyn Stafford FotoReportage Award, the South African documentary photographer and filmmaker focuses her photo essay on daily life inside a former public hospital that has been occupied since 2017 by more than 1,500 people resisting displacement
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© Composite: Jodi Windvogel
© Composite: Jodi Windvogel
© Composite: Jodi Windvogel
Brace yourself for the staggering tale of Travis, who has both real and bot wives. Plus, the wickedly gossipy duo of Graham Norton and Maria McErlane are back
This staggering tale of people falling in love with AI chatbots is baffling, tragic and terrifying. It’s full of jaw-dropping moments, as hosts Hannah Maguire and Suruthi Bala speak to Travis who “married” a bot despite already having a real-life spouse. There’s also the vulnerable teenager whose “companion” spurs him on to an attempt to assassinate Queen Elizabeth II (which ends with him being charged with treason). Alexi Duggins
Wondery+, episodes weekly
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© Photograph: Wondery
© Photograph: Wondery
Mountains are on the menu for first time in this year’s Tour de France on a punishing mountain stage
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