Keir Starmer says UK working with allies on plan to reopen Strait of Hormuz

Ryanair and the boss of Berlin Airport have warned of severe disruption to summer travel because of the new digital EU border check system. Ryanair said families could face “queue chaos” and urged governments to postpone the system until after the summer holiday period. Berlin Airport’s Aletta von Massenbach said non-EU nationals were having to…

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…

Apple users get a small amount of free storage, but once that runs out they are encouraged to pay for iCloud to back up photos, videos, messages, contacts and other content from their devices. Prices range from 99p a month for 50GB to £54.99 a month for 12TB. Apple does not give rival storage services…

Drivers could be paying more than they should for petrol and diesel after the UK’s competition watchdog said fuel profit margins remain at “persistently high levels” despite prices at the pump having fallen. The Competition and Markets Authority (CMA) also challenged retailers’ claims that this was a result of higher operating costs, and said competition…

Archie MitchellBusiness reporter Getty Images Octopus Energy is set to spin off its Kraken Technologies arm as a standalone company after a deal to sell a stake in the platform valued it at $8.65bn (£6.4bn). The energy giant, Britain’s biggest gas and electricity supplier, has sold a $1bn stake in the AI-based division to a…