Its rivals are not just clothes retailers but any business that provides screen-addicted users with a dopamine hit

Also in this newsletter: US-Canada trade war erupts and Singapore’s effort to boost birth rates

Prime minister opts not to rip up programme drawn up under Sir Keir Starmer that mostly relies on housing associations

Bessent’s moves on the yen and long-dated bonds do little to assuage markets long-term

Trove of combat imagery used to train AI models to identify and strike Russian targets

Once high-flying fast-fashion retailer is listing in Hong Kong at quarter of peak value after years of false starts

Organisers face potential enforcement after rally to celebrate leader’s Clacton by-election win was denied an events licence

Wealth distribution in the US has rendered the Federal Reserve’s usual tools less effective

European banks write fan fiction

The third instalment in the Gabriel Dax series combines psychological tension and paranoia with irony and humour

Tehran said vessels violated protocols for travelling across waterway and could face fines or confiscation

Finally, a killer use case

Also in this newsletter: An outburst of gun violence in the EU’s capital

City-state is on course to become a ‘super-aged’ society this year

Environmental changes are reshaping trade, commerce, logistics and geopolitics

US supermajor and LyondellBasell among suitors as UK group looks to shed underperforming plants and refocus on oil and gas

Martin Blessing says foreign investors face sceptical public authorities

Veterans of one of cinema’s most glamorous gatherings share their favourite places in La Serenissima

Ties between Swiss bank and Record soured but UK partner remains as manager, according to insiders

UK prime minister will shrug off warnings from Russia in first overseas visit

Leopold Aschenbrenner’s AI-focused hedge fund nearly collapsed in July before striking a deal with Citadel

Blackbird Ventures raises $750mn, with early-stage investor attracting US and UK funds

Treasury secretary warns of further measures in bid to increase pressure on Tehran

Potential veto poses challenge for energy companies reliant on Chinese supplies

Container lines push regulator to change rules where laptops or power banks with batteries do not need to be declared

Move marks further tit-for-tat escalation of Washington’s trade war with Ottawa

The US economic conversation is expanding to include things such as corruption and the Wall Street-Main Street divide

For the first time, a US court will try one of those alleged to be responsible for the attack

Saint Mark Carney’s canonisation owes much to Donald Trump’s inept bullying

EU deal heralds renewed engagement for historically insular Mercosur group despite regional divisions

Boaz Weinstein’s activist fund has been waging a campaign against UK investment trusts

Move is aimed at reassuring government there would be a change of leadership under their ownership

Big Four firm to let go of 5% of country staff and reduce compensation by 13% as consulting revenue tanks

Big Tech thinks wearables are the gateway to artificial intelligence. Critics call it cringe stalkerware

Private credit’s insurance boom could have hidden costs

The multi-award-winning Italian writer turns memory into drama in this warm, teasing account of an early-1970s adolescence

Meet the woman turning Homo Faber into a design powerhouse

Greater access to satellite systems means the continent can now utilise more data than ever

Fast-fashion retailer’s previous attempts to list in New York and London faced opposition

Jerry Schurder will consult industry and report in time for recommendations to be implemented at next revaluation in 2029

Justices lift decision to block president’s order to restrict eligibility to a new federal list of voters

Federal judge in Texas said litigation trust plan floated by company and senior lenders ‘was unconfirmable under any circumstances’

Prime minister stops short of ruling out tax increases in October’s Budget, saying his policies will be ‘funded’

Her proposed electoral reform could shore up the governing coalition despite its poor record in power

Renewed trade war has inflicted pain and uncertainty on companies that deal with US

A lot of people are finding an appetite for whey

British company Core Power plans its first vessel in 2028 following partnership deal with Trump administration

Roland Lescure says it would be ‘difficult’ to scrap unpopular surcharge on country’s largest firms

Kyiv’s drones target Ozon warehouses after weeks of strikes against market leader Wildberries

Now that America has hung up its hat when it comes to championing democracy, it is springtime for tyrants

Home secretaries have tended to delegate and forget policy decisions

Plus, weathernomics

Fed and BoE will remain on hold, with rate rises from ECB and Bank of Japan to come this year, according to our August survey

Insurers have raised prices or restricted coverage for ships and other firms in the region owing to Iran conflict and Houthi attacks

ONS says technology will help save thousands of hours a year as it seeks to strengthen core output

The bloc struggles to keep up with US spending on high-tech equipment and facilities

Average Russell Group alumnus repaying a plan 2 loan has a debt of £52,412, according to FT analysis

Drought and heatwaves have played a part in shortages but the main culprit is years of under-investment in the water industry after privatisation

Fifth consecutive full-year loss exposes tension in mandate of lender set up by SNP-led government

Countries that calculate appeasement of the regime to be a safer choice should reconsider