FirstFT: Goldman exodus as top executives head for the exit

Also in today’s newsletter, Tom Brady invests in English football club Birmingham City and how Latin America conquered inflation #press

https://www.ft.com/content/7c4ae9e7-304e-4394-bed8-0ca289ed153f?utm_source=press.coop

Turkey’s inflation rate jumps to almost 50%

Weak lira and government’s stimulus programme push prices higher, adding to strain on consumers #press

https://www.ft.com/content/2128b96c-2696-4df6-8d7f-0c625a7b2497?utm_source=press.coop

You don’t become a science superpower without taking care of the basics

Britain’s ambition to lead technological transformation is hobbled by inertia in both the public and private sectors #press

https://www.ft.com/content/248f24e3-e29f-4a9d-a738-8d43184b517a?utm_source=press.coop

Climate activists arrested after scaling Sunak’s roof in oil protest

Prime minister’s Yorkshire mansion clad in black fabric after decision to expand drilling #press

https://www.ft.com/content/bdbfd127-1f20-47c3-b8fe-d93d3659b2fd?utm_source=press.coop

UK ordered to apologise to academic over alleged torture in UAE

Parliamentary ombudsman attacks ‘profound failure’ of embassy staff to spot signs of alleged mistreatment #press

https://www.ft.com/content/d5df16a8-374d-4661-89d1-a9e2e29b4b44?utm_source=press.coop

There is political logic to Fitch’s downgrading of US debt

A divided Congress is in no position to tackle America’s serious fiscal problems #press

https://www.ft.com/content/b50c561f-3339-4857-ac4a-6d6e5fec6587?utm_source=press.coop

UK discount retailer Wilko on the brink of collapse

Chain prepares to appoint administrator within days if it fails to find a buyer or investor #press

https://www.ft.com/content/9bbb9317-fe3c-4efa-8680-022c2e73132c?utm_source=press.coop

India restricts laptop imports in boost to local producers

Surprise announcement means companies such as Apple need a licence to ship personal computers from overseas #press

https://www.ft.com/content/eca9a785-2221-4c2f-934b-8964bc430faa?utm_source=press.coop

Brexit ideology is being shunned as economic conditions deteriorate

Plus, fresh sign of a slowdown in the chemicals industry #press

https://www.ft.com/content/0591d2ff-12ed-46e4-969d-738543b7c46b?utm_source=press.coop

Britons paid record £16.7bn in capital gains tax in 2021-22

Rising asset values and more house sales provided boost for HMRC, official figures reveal #press

https://www.ft.com/content/1987db3a-a542-4052-88ce-440ff798784a?utm_source=press.coop

The Bank of England walks a tightrope

Central bank’s mixed signals leaves path for UK economy uncertain #press

https://www.ft.com/content/e1ee9b5a-8dd0-4caa-bb62-7c8aff20d5f8?utm_source=press.coop

Trump heads to court for first appearance in 2020 US election case

Former president has remained defiant despite third indictment against him this year #press

https://www.ft.com/content/3dba52fe-855c-4c63-82b0-4900b0ae7ed9?utm_source=press.coop

GSK to cease direct business in Nigeria amid economic pressure

Drugmaker does not specify reason but forex shortage has put pressure on multinationals #press

https://www.ft.com/content/769dbf88-b150-4f92-b8c6-a18f5a2f4eed?utm_source=press.coop

BoE raises interest rates by 0.25 percentage points

Smaller increase to 5.25% comes amid signs persistently high inflation is beginning to ease #press

https://www.ft.com/content/a9e551a6-20d5-45f9-9c68-e98dc44436c0?utm_source=press.coop

After divorce with EU, UK’s future involves getting closer

Delays to introduction of trade barriers with neighbours show Rishi Sunak’s administration cannot avoid tighter relations #press

https://www.ft.com/content/19544b54-1c99-4e84-b1f5-4c0675b087e8?utm_source=press.coop

Apple in India and Nintendo’s IP push

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times #press

https://www.ft.com/content/14bc9c12-0f68-4435-bdb2-6ea318a7e215?utm_source=press.coop

Adani’s Ambuja Cements buys Sanghi Industries in $600mn deal

First major acquisition by Indian tycoon since criticisms in short seller Hindenburg’s January report hit group’s stock market value #press

https://www.ft.com/content/13b7724a-59c2-4e49-8ed9-17b857cea3a7?utm_source=press.coop

Free Lunch summer reading

Good writing on economic phenomena that affect us all #press

https://www.ft.com/content/7d3640bd-73a7-4058-89ca-43ed4b37cf71?utm_source=press.coop

Courting Middle Eastern autocrats won’t solve Europe’s refugee crisis

Their repressive rule is forcing thousands to make the treacherous journey across the Mediterranean #press

https://www.ft.com/content/49a52369-62ee-4eb5-9efb-ad1f066a5734?utm_source=press.coop

The global* inflation slowdown

*if you ignore the UK #press

https://www.ft.com/content/0df6a05b-ec75-4f2b-893f-cd049fc77d5a?utm_source=press.coop