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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ### Key Takeaways 1. **Sanctions Evasion & Geopolitical Risk Escalation:** The sophisticated procurement network used by Iran’s Revolutionary Guards (IRGC) operating through UAE-based entities highlights the ongoing challenge of sanctions enforcement. This not only fuels regional instability and US-Iran tensions but also elevates geopolitical risk premiums across key Middle Eastern markets, potentially impacting energy prices and foreign investment. 2. **UAE’s Regulatory Scrutiny:** The revelations expose critical vulnerabilities within the UAE’s free zones, raising questions about regulatory oversight and compliance. This could lead to increased international pressure…

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org WASHINGTON D.C. – The U.S. Space Force has awarded a substantial $90 million contract to aerospace firm Rocket Lab, focusing on the development and operation of satellites designed to enhance space domain awareness in geosynchronous orbit. The agreement, announced by Rocket Lab and the Pentagon on May 21, marks a significant step in the Space Force’s efforts to bolster its capabilities for tracking objects in a critical orbital regime approximately 22,000…

Key Takeaways Deep Fission’s IPO Attempt Faces Scrutiny: The nuclear startup is attempting a new Nasdaq IPO after a previous “public listing” via reverse merger failed to result in actual stock trading, raising questions about its past transparency and investor communication. Financials Worsen Amid Technical Delays: Despite seeking a multi-billion dollar valuation, the company’s deficit has grown, cash reserves dwindled, and its timeline for achieving reactor criticality has slipped, signaling increased operational and funding challenges. High Valuation Lacks Tangible Progress: The substantial valuation appears to be driven more by market enthusiasm for fission power and AI data center demand than…

In a clash that served as a curious epilogue to their LaLiga title-winning campaign, Barcelona stumbled, falling 3-1 to a spirited Valencia side on Saturday. Though the champions had long secured their crown, their quest to finish the season just shy of the mythical 100-point mark was dramatically thwarted, leaving a faint but noticeable blemish on an otherwise triumphant domestic run. This wasn’t merely a dead rubber; it was a testament to the unpredictable passion of LaLiga, where every point, every duel, and every final whistle carries weight. Hansi Flick’s men, basking in the afterglow of their recent coronation, entered…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. **Key Takeaways:** * **Heightened Geopolitical Risk Premium:** The latest large-scale missile and drone strikes on Kyiv, coupled with explicit warnings of advanced weaponry, immediately inject a renewed geopolitical risk premium into global energy and commodity markets, driving cautious investor sentiment. * **Escalation and Economic Disruption:** The escalating tit-for-tat attacks, particularly targeting energy infrastructure, threaten to destabilize critical supply chains and potentially reignite inflationary pressures, prompting investors to re-evaluate regional exposure and defense sector prospects. * **Investor Flight to Safety:** The…

**BERLIN BOOM! KANE HITS 61 AS BAYERN CROWNED KINGS OF GERMANY, COMPLETING HISTORIC DOUBLE!** The roar of the Allianz Arena might have been miles away, but its spirit resonated through Berlin’s Olympiastadion as Harry Kane, the undisputed goal-king, etched his name deeper into Bayern Munich folklore. With a breathtaking hat-trick, the England captain not only propelled Bayern to a dominant 3-0 victory over holders Stuttgart in the German Cup final but also sensationally concluded his maiden season with an astronomical 61 goals across all competitions. This triumph wasn’t just about silverware; it was a statement – Bayern Munich are back,…

Key Takeaways: Rapid Valuation Surge: SolarSquare, India’s burgeoning rooftop solar startup, is poised to more than double its valuation to between $450 million and $500 million in an upcoming Series C round, securing $55 million to $60 million from co-leads B Capital and Lightspeed Venture Partners. Strategic Market Focus: The Mumbai-based firm has strategically shifted its focus to higher-margin residential and housing society projects, moving away from industrial installations, a pivot that has significantly fueled its impressive financial growth and market penetration. India’s Green Energy Boom: SolarSquare’s success underscores robust investor confidence in India’s residential solar market, propelled by ambitious…

First Sea Lord Inspects Critical UK Submarine Maintenance Operations at Devonport Naval Base Plymouth, UK – The First Sea Lord, General Sir Gwyn Jenkins, recently conducted an official visit to Babcock International’s Devonport site in Plymouth, a pivotal facility for the Royal Navy’s submarine fleet. The visit focused on reviewing ongoing work critical to ensuring the availability and operational readiness of the UK’s nuclear-powered submarines. During his inspection, General Jenkins toured various programmes and facilities across the extensive site, engaging with teams from both Babcock International and the wider Naval Base. Babcock highlighted that the visit underscored the collaborative operational…

Real Madrid Closes Turbulent Season with Flourish, Bidding Emotional Farewells The Santiago Bernabéu pulsed with a bittersweet blend of triumph and poignant farewells on Saturday as Real Madrid, navigating what has been an otherwise tumultuous campaign, emphatically defeated Athletic Club 4-2. This final home fixture served not just as a victory lap, but as an emotional bridge between a season of underperformance and a future shrouded in anticipation and radical change. Goals from the emerging Gonzalo Garcia, the talismanic Jude Bellingham, the enigmatic Kylian Mbappé, and the ever-industrious Brahim Diaz illuminated the scoreboard for Los Blancos, while Gorka Guruzeta and…

**Key Takeaways** * **The Threat is Real and Widespread:** Advanced, zero-click spyware like Paragon’s Graphite or NSO Group’s Pegasus routinely targets journalists, human rights defenders, and political dissidents globally, turning their smartphones into powerful surveillance tools. * **Tech Giants Offer Robust Defenses:** Apple, Google, and Meta now provide opt-in, specialized security features (Lockdown Mode, Advanced Protection Program, Account Protect) designed specifically to counter these sophisticated government-backed spyware attacks. * **Easy to Enable, Proven Effective:** These features are free, simple to activate, and have been proven to thwart attacks, offering a crucial layer of protection with minimal impact on daily device…