Former House Speaker fails to back president’s candidacy while actor urges him to drop out of 2024 race
Some wealthy backers are increasingly unwilling to pour cash into ‘losing’ effort
Houston’s main utility struggles to restore service two days after storm pushed millions of households offline
US secretary of state says Danish and Dutch fighter jets are en route as allies step up support for Kyiv
Move comes as Joe Biden tries to shore up support in rust-belt heartlands ahead of November election
Cherished neutrality and circumspection of state’s legal framework will be sacrificed if new legislation is enacted
President is now further behind Donald Trump in White House race
The US president’s team must face the reality of what a second term would look like now
Rich individuals and impact investors are injecting funds into organisations that support a healthy democracy
If democracy is at stake in the Trump-Biden election, shouldn’t voters be trusted to make their own decision?
Also in today’s newsletter, Indonesia’s president-elect plans sharp rise in debt, and Hong Kong regulator clears PwC over whistleblower claims
Attempts to ‘Trump-proof’ the North Atlantic alliance seem set to fall short
Matthew Connolly had sought $150mn from the bank after his exoneration in rate-rigging case
The North Carolina musician turns fragmentary music from across the Deep South into modern songs with an array of guests
Smartphone maker adds new capabilities in niche premium segment to combat being undercut on price
Factory deflation eases but Beijing’s reliance on exports and industrial output is stoking trade tensions
President Joe Biden opens Washington Nato summit by pledging ‘unwavering’ support for Kyiv
Resignation sets in as party insiders rage against ‘mad king’ who refuses to exit stage
Moves point to concern about Joe Biden’s re-election prospects among US allies
President begins to make progress on Capitol Hill even as divisions remain over his future
Central bank underscores that next US interest rate move is likely to be a cut
Also in today’s newsletter, the Trump family’s Middle East business ambitions
A New-York Historical Society exhibition covers department stores, a theatre where Houdini played and forgotten herds of pigs
Diversifying income away from cyclical equipment sales is challenging
US plane maker’s stock rises after plea deal as government contracting and bond ratings look set to be unharmed
Chief executive of Nasdaq-listed Indian renewables group says companies are mispriced as they struggle to raise cash
President meets top donors after issuing defiant message on national TV and in letter to Democrats in Congress
The president entered a make-or-break week for his candidacy with a broadside at his critics
Category one storm hits Houston, leaving millions without power and killing two people
This jazz-based event has an open-arms policy that welcomes soul, disco, R&B and hip hop
The idea that mass tourism is creating knock-on effects like price rises is causing tension in the countries most-visited
Shift in logistics forces importers to move shipments earlier in the year and drives up freight rates in the process
And big banks vs regional banks
Washington summit to set out limited support package for Kyiv as allies grapple at home with political turmoil
President scales up campaigning to convince voters and his own party he can defeat Trump in November
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