Top headlines from across today’s paper
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FINANCIAL TIMES
Wednesday, 16 July 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
Reeves pledges to extend purge of City red tape to rest of UK economy
 
Chancellor uses Mansion House speech to unveil what she claims is a big reduction in financial services regulation
 
 
Chief US audit regulator pushed out by Donald Trump’s new SEC chair
 
Erica Williams told staff at the Public Company Accounting Oversight Board that Paul Atkins asked her to resign
 
 
A costly shambles for the British state
 
Super-injunction thwarted scrutiny of a data leak and Afghan resettlement scheme
 
 
Jamie Dimon warns on Fed independence as Donald Trump piles pressure on Jay Powell
 
JPMorgan chief’s comments come as Treasury secretary says ‘formal process’ to replace central bank chief is under way
 
 
UK set up secret Afghan immigration scheme after data leak and gagged media
 
‘Super-injunction’ lifted two years after 100,000 people were placed at risk of Taliban reprisals
 
 
 

Top Headlines from the International Editions

 
 
 
Donald Trump announces trade deal with Indonesia
 
Jakarta to be hit with 19% tariff on exports to US after talks with Washington
 
 
Donald Trump touts $90bn in energy and AI investments at Pennsylvania event
 
US president hosts summit in critical swing state as he seeks to improve faltering approval rating
 
 
US inflation reaches 2.7% as Trump tariffs hit
 
Unexpectedly sharp June rise signals US president’s levies are pushing up consumer prices
 
 
US banks say consumers are ‘healthy’ despite economic uncertainty
 
JPMorgan Chase and Citigroup strike an upbeat tone on the economy and notch up strong trading results
 
 
A return to tariffs, Taco or not
 
Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future
 
 
 

Markets

 
 
 
Reeves gives UK banks a gift they don’t really need
 
Focusing on improving a regime already seen as successful looks like a government seeking easy, rather than impactful, changes
 
 
Staff at UK financial watchdog fight review on increasing office attendance
 
Over 90% of respondents to union poll of Financial Conduct Authority staff back action if working from home hours are cut
 
 
BlackRock inflows hit after big client withdraws $52bn
 
Shares fall despite market rally driving world’s largest asset manager to record $12.5tn in assets
 
 
Elliott Management builds stake in Global Payments in wake of Worldpay deal
 
Payment processing group’s shares lag behind rivals after investors took umbrage at $24.2bn acquisition
 
 
Bank of England to find replacement for UK’s outdated payment system
 
BoE governor says revamping old infrastructure ‘must be a priority’ in his Mansion House speech
 
 
 

Companies

 
 
 
HMRC does not know how much tax billionaires pay, say MPs
 
Cross-party group says tax authority faces challenges in getting data to target wealthy people
 
 
Howard Lutnick says easing of Nvidia’s AI chip exports linked to China deal
 
US commerce secretary wants Chinese AI developers to ‘get addicted to the American technology’
 
 
Rachel Reeves: the pendulum has swung too far on risk
 
No other globally competitive financial services hub imposes such relentless bureaucracy on its businesses
 
 
Cantor Fitzgerald close to $4bn Spac deal with bitcoin pioneer
 
Brandon Lutnick in late-stage talks with Adam Back in latest move to use blank cheque vehicles to buy the cryptocurrency
 
 
Wells Fargo reboot should put smaller US banks on guard
 
One benefit from the lifting of the asset cap is the lender can be more aggressive in attracting deposits
 
 
 

Opinion

 
 
 
Silicon Valley is creating plum jobs — for the fortunate few