French-owned ship passes through Strait of Hormuz

President Donald Trump has acknowledged that a $20bn (£15bn) US lifeline to help calm Argentina’s currency crisis is an attempt to sway elections this month in the South American nation. Welcoming Argentina’s libertarian leader Javier Milei to the White House, Trump warned that the US would not “waste our time” with helping Argentina if Milei’s…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…

Comedian Romesh Ranganathan has said he is “gutted” after the 89-year-old bakery chain he part-owns shut down. Coughlans Bakery – which operates a chain of shops across Kent, Surrey, West Sussex and south London – announced it had ceased trading on Tuesday after it went into voluntary liquidation. Ranganathan, best known for his deadpan stage…

A spokesman for the Co-op told the BBC: “Our culture, as a co-operative, ensured decision-making throughout has listened to views from leaders and colleagues across our food and wider business, whilst simultaneously acknowledging when a wide range of views are expressed, not everybody will always agree with the final decisions and actions taken.”

Image source, iStock BySimon Jack Business editor The UK has been too complacent about the risk of foreign attack, the boss of Europe’s biggest defence contractor BAE Systems has warned. Dr Charles Woodburn told the BBC in an exclusive interview that the level of threat was the highest he’d seen in his lifetime. He welcomed…

IndiGo controls about two-thirds of the country’s domestic aviation market, so the inconvenience caused by the disruptions was huge. Thousands of people missed important life events, including funerals and their own weddings, and were left scrambling to make alternate arrangements.