Rally comes after years of weakening and is seen as signal that Beijing will allow gradual appreciation

Swiss consumer goods group appoints Philipp Navratil as chief after finding its code of conduct was breached

US president demands more proof from drug companies of jab effectiveness

Hurricane season tests whether Fema is still fit for purpose after radical changes

Bullion hits record in London auction and spot prices near peak following US president’s move to sack Fed governor

The case is an important test in the escalating power struggle between the US executive and parts of the judicial system

Move will offer windfall for staff at UK’s most valuable fintech

PM hopes reshuffled team will help navigate perilous autumn Budget and spot political dangers ahead of time

Slick messaging is no substitute for sound political judgment when running the UK economy

Strongman authoritarianism thrives on sycophancy

Italian PM rejects Bayrou’s accusation that Italy is luring French taxpayers with lower rates

Treasury minister Darren Jones to move to Number 10 role, while Blair-era media adviser Tim Allan brought in

Officials suspect jamming operation forced jet carrying European Commission president to land in Bulgaria using paper maps

Shock-and-awe ‘victory day’ military parade this week seeks to recast second world war narrative

FT survey cites fears that president’s assault has caused long-term damage to the US central bank and economy

A new Texas law on food labelling defers to ‘appropriate authorities’ in some more liberal corners of the world

Fiscal discord alarms company chiefs as PM’s confidence-vote gamble rattles markets

Digital tokens perceived as safe assets come with hidden risks for retail investors, says Jean Tirole

The technology is no match for felt experience in the real world

Companies are struggling to adjust to a legal move that enforces contributions from September 1

Ministers under pressure to be tough on migration as Reform extends lead in polls

Today’s newest workers have overcome hurdles that would have seemed preposterous to their older colleagues

Local officials say thousands have registered at shelters as Israel claims killing of prominent Hamas spokesperson

Post-conflict security guarantees will be fully backed by US commitments, commission president tells FT