Top headlines from across today’s paper
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FINANCIAL TIMES
Wednesday, 25 June 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
UK to purchase US jets capable of carrying nuclear weapons
 
Britain will join Nato’s airborne atomic mission in a significant overhaul of the country’s defence strategy
 
 
US strikes only delayed Iran’s nuclear progress, says intelligence report
 
Leaked assessment casts doubt on Trump’s claims to have ‘obliterated’ facilities
 
 
Nato chief Mark Rutte praises Donald Trump for making Europe ‘pay in a BIG way’
 
US president releases flattering message that also hails ‘truly extraordinary’ Iran strikes
 
 
BoE’s Bailey warns on UK productivity in challenge to Reeves
 
Governor said he was ‘sceptical’ about OBR assumption of a rebound in growth rates
 
 
The war that will remake Iran’s Islamic republic
 
Even without toppling the regime, Israel and the US’s assault is set to bring sweeping change rivalling the 1979 revolution
 
 
 

Top Headlines from the International Editions

 
 
 
Andrew Cuomo concedes New York City mayoral Democratic primary to Zohran Mamdani
 
Preliminary results point to an upset win for the democratic socialist over former governor
 
 
OpenAI and Jony Ive accused of trying to ‘bury’ rival start-up
 
CEO of iyO won restraining order forcing Sam Altman-led group to pull marketing materials about $6.4bn venture
 
 
Gulf expat bubble punctured by missiles
 
Overseas workers moved to an oasis of prosperity and security in the region. Then the explosions started
 
 
How Donald Trump brokered a shaky Israel-Iran ceasefire
 
Tentative truce seeks to bring an end to destructive 12-day conflict that has reshaped Middle East
 
 
Donald Trump signals sanctions relief for China to buy Iran’s oil
 
Potential policy U-turn comes hours after president declared peace in Middle East war
 
 
 

Markets

 
 
 
Stablecoins ‘perform poorly’ as money, central banks warn
 
BIS says they fail crucial tests for a sound currency and are exploited by criminals
 
 
Oil prices pare losses as ceasefire threatened
 
Crude price swings in volatile trading after Israel warns of new missile fire from Iran
 
 
Revolut takes more than one leaf out of Tesla’s book
 
Challenger bank’s ambition might seem delusional but stranger things have happened
 
 
Last call for Tacos?
 
And commodity prices
 
 
US Congress plots big tax cut for private credit investors
 
Deal under consideration would limit taxes on dividends even as spending plan deepens debt and cuts programmes for poor
 
 
 

Companies

 
 
 
Innovative Lawyers: 20 years
 
In a 20-year retrospective, we look forwards by looking back. Highlights include: the theme of adaptability; the most innovative law firms; practice areas, pay and leadership; and 100 individuals who collectively show how much the sector has changed
 
 
Legal sector’s adaptability proves the key to success
 
Its adoption of generative AI shows the sector is ready for change
 
 
Savvy law firm ‘fee-burners’ reveal their value
 
These 20 individuals selected from 20 years of the FT Innovative Lawyers series have all changed the perception of ‘non-lawyers’
 
 
Business risks push legal team leaders to the centre stage
 
These 20 individuals selected from 20 years of the FT Innovative Lawyers series all demonstrate the value of a general counsel’s broad vision and different perspective
 
 
AI’s seismic effect changes client expectations of law firms
 
Lawyers face growing pressure to show how they combine generative artificial intelligence tools with human expertise
 
 
 

Opinion

 
 
 
Why law firms should widen their search for leaders