Warsh’s balance sheet consultants
Plus, tariffs force trading down, not price cuts
The main event
Worth reading
Not the busiest stories. The pieces most likely to sharpen the mental model.
Who will win the war of neo-mercantilists?
China’s high degree of self-sufficiency also reduces its vulnerability to coercion by others
This tedious British whimsy belongs in the bin
Selected from The Times as an argument-led read.
Shabana Mahmood has already shown economic vision
Selected from The Times as an argument-led read.
Russia Will Not Yield
A journey around the globe showed the country’s relentless adaptation.
More headlines
Financial Times
UK inflation falls more than expected to 2.6% in June
Figure comes as Prime Minister Andy Burnham seeks to cut cost of living
Financial Times
New UK energy secretary previously called for acceleration of net zero target
Fahnbulleh was head of a think-tank when it pushed for a total end to new drilling in the North Sea basin
Financial Times
Burnham launches £2 cap on bus fares in latest cost of living intervention
New prime minister says measure will reduce prices by up to a third for millions of people
Financial Times
The UK’s biggest university is a private company
Supporters say franchised providers widen access to further education, but others doubt the real value of their ‘no frills’ courses
BBC News
Chris Mason: Another Starmer critic gets promotion as Sarwar joins Burnham government
Months after calling on Keir Starmer to quit, the Scottish Labour leader is set to become a minister in Burnham's government,...
BBC News
US renews strikes on Iran as Trump threatens to attack underground nuclear site
The US president's threat to target a key Iranian nuclear site came ahead of the 11th consecutive night of attacks.
BBC News
Zelensky sacks Ukraine's top army commander after days of protests
Oleksandr Syrskyi is dismissed after backlash over the removal of popular Defence Minister Mykhailo Fedorov.
BBC News
More women in their 20s are getting type 2 diabetes, experts warn
England is seeing "a worrying increase" in women in their 20s developing type 2 diabetes, say experts. Here's what to look out for.
BBC News
Rebel Wilson cleared in defamation case brought by actress in her own film
Wilson was accused of defaming young Australian actress Charlotte MacInnes, but cleared by a Sydney court.
The Economist
Where should you move for higher pay?
NYT Europe
Mykhailo Drapatyi: What to Know About Ukraine’s New Top General
Maj. Gen. Mykhailo Drapatyi, a decorated commander, is popular both inside and outside of his country.
NYT Europe
Zelensky Dismisses Ukraine’s Top General After Protests
The move followed the firing of a popular defense minister, who had clashed with the general over how to fight the war.
The Telegraph
Private sector pay suffers worst growth since Covid
Private sector pay suffers worst growth since Covid
The Telegraph
The best cat food, recommended by a vet – including new online cat food delivery services
Our experienced vet shows how to choose the best cat food for peak feline fitness at any age, from Royal Canin to Republic of Cats
Wales
BBC Wales
'We just need a bed' - Baby with 'days to live' can't access lifesaving treatment
Dylan and Catrin Green fear baby Macs has days to live and say he urgently needs a Berlin heart.
BBC Wales
I've got a motorway in my garden - it's my shelter in hot weather
It was built over people's homes 60 years ago, but what's it like to live in the shadow of the M4?
BBC Wales
Family of woman who lay dead in crash for days confronts mechanic who falsified MOT
Police swoop in after row erupts between Neil Lewis and family of Darcy Ross in Cardiff.
BBC Wales
How farmers could fix Wales' polluted rivers and save money
Farmers have a crucial role in cleaning up one of the UK's most polluted river systems, a study shows.
Sport
BBC Sport · Football
Chelsea sign £117m Rogers - what will he bring?
Chelsea's £117m move for Aston Villa midfielder Morgan Rogers is a genuine transfer window shock - so how did they do it and...
BBC Sport · Football
Why Chelsea have signed so many Man City academy graduates
Morgan Rogers is the latest ex-Man City academy player to join Chelsea and will be reunited with more former City team-mates.
BBC Sport · Darts
Littler throws nine-darter in superb Matchplay win
World number one Luke Littler throws a thrilling nine-darter as he books his place in the quarter-finals of the World...
BBC Sport · Football
What can Hearts pick from debris of ongoing summer of hurt?
There's crashing back to Earth with a bang, and there's whatever Hearts fans have been going through since 16 May.
The Race · F1
How F1 drivers have become hostages to AI in 2026
F1 drivers have become hostages to the AI underpinning the 2026 power units, with results being decided by computers either...
The Race
McLaren tries again with flip-over wing design
McLaren will introduce a modified version of its flip-over rear wing at Formula 1's Hungarian Grand Prix, but it doesn't plan...
The Race · F1
The under-the-radar F1 'rookie' with 10,000km of testing
He's notched around 10,000km of F1 testing but Alpine's F1 reserve driver Paul Aron found he needs to be more aggressive to...
The Race · F1
What time is F1's 2026 Hungarian Grand Prix? Full weekend schedule
All the times you need to know for Formula 1's next race - the 2026 Hungarian Grand Prix
Formula 1 Official
Fornaroli set for Hungary FP1 run as McLaren bring updates
McLaren have announced that Leonardo Fornaroli will make his second F1 practice outing in Hungary this weekend, with the team...
Formula 1 Official
The intriguing development battle that has emerged in 2026
The quest to maximise aerodynamic outwash around the front tyres – to direct the airflow away from the underfloor and floor...
ESPN Cricinfo
Sammy: 'We didn't pick Lawes just out of our heart'
West Indies' head coach said the team management had followed rigorous "processes" to fast-track the left-arm wristspinner's selection
ESPN Cricinfo
Madhevere and Nyamhuri return for Zimbabwe's T20I series against India
Tafadzwa Tsiga has earned a call-up to the Zimbabwe T20I side for the first time, while fast bowler Tanaka Chivanga has been included
Science
New Scientist
Magic rituals took place in an Australian cave for 25,000 years
Preserved plant cells show that grasses were brought into Cloggs cave in Australia and burnt over many millennia, revealing...
New Scientist
The ancient Silk Road city that has a lesson for Silicon Valley
On a trip along the Silk Road, columnist Annalee Newitz discovers that ancient technology can offer us a framework for our own...
New Scientist
How to unlock unlimited geothermal energy, anywhere we want
Earth contains more than enough heat to power humanity many times over, but so far only a few lucky places have been able to...
New Scientist
Effort to solve biggest controversy in mathematics has made no progress
For more than a decade, mathematicians have been unable to settle the question of whether the ABC conjecture has been solved....
Nature
Are boldness and belligerence related?
Nature, Published online: 21 July 2026; doi:10.1038/d41586-026-02103-5 Different types of aggression in stickleback fish, and...
Nature
Faintest planet ever spotted from Earth has been hiding in plain sight
Nature, Published online: 21 July 2026; doi:10.1038/d41586-026-02210-3 Method used to discover an exoplanet called Beta...
Nature
Moving floors keep buildings from swaying with the wind
Nature, Published online: 21 July 2026; doi:10.1038/d41586-026-02258-1 A construction design inspired by traditional Japanese...
Nature
Oil and gas drilling is shifting to the deep sea — here’s what is at stake
Nature, Published online: 21 July 2026; doi:10.1038/d41586-026-02232-x Technologies are taking the search for fossil fuels to...
Technology
The Verge
Samsung Galaxy Unpacked July 2026: How to watch
Samsung's next Galaxy Unpacked event is just around the corner, and the company is expected to take the wraps off a bunch of...
The Verge
Neill Blomkamp’s new zombie AI ‘film’ is just slop warmed over
On Monday, District 9 and Gran Turismo director Neill Blomkamp unveiled his latest project: a 13-minute sci-fi short titled...
The Verge
OpenAI says it accidentally hacked Hugging Face with a new AI system
OpenAI says its AI models mistakenly breached open-source AI platform Hugging Face during internal testing. In a blog post on...
The Verge
Substack adds an AI detector to help spot blogs written by no one
Substack will now help users determine whether what they're reading may have been written by AI. A new tool coming to the...
Techcrunch
The Anthropic-Physical Intelligence rumor roiling AI Twitter
Anthropic and OpenAI's aggressive 2026 acquisition sprees set the stage for a weekend rumor.
Techcrunch
Dimension Capital’s $800M third fund shows the intersection of science and compute is booming
The four-year-old firm's latest fund is 60% larger than its second vehicle announced 18 months ago.
Techcrunch
Meta is testing an AI bedtime story app for people with no imagination
At last, a tech company has found a way to outsource humanity's oldest pastime: using our imaginations.
Techcrunch
These are the countries moving to ban social media for children
Australia was the first country to issue a ban in late 2025, aiming to reduce the pressures and risks that young users may...
Wired
Is the All-New Range Rover GT Stepping on Jaguar’s Tail?
It’s “the most car-like Range Rover ever created,” but will this all-electric grand tourer spoil Jaguar’s Type 01 party?
Wired
OpenAI Models Escaped Containment and Hacked Hugging Face
The cybersecurity-focused models, including GPT-5.6 Sol, broke out of a testing sandbox, exploited a zero-day, and gained...
Hacker News · 1046 pts
OpenAI and Hugging Face address security incident during model evaluation
Hacker News · 548 pts
Kimi K3 Is Competitive with Fable; Kimi K3 and Fable Is SoTA
Hacker News · 44 pts
Original Apollo 11 Guidance Computer source code for command and lunar modules
Hacker News · 29 pts
Intel Starts Shipping High-NA EUV Silicon
Hacker News · 106 pts
Late.sh – a command-line Clubhouse for computer people
Hacker News · 668 pts
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Papers
Computer science
SysAdmin: Measuring Instrumental Power-Seeking in Frontier AI
Computer science
Calibrated Selective Fact-Checking via Evidence Chain Evaluation
Computer science
BatchDAG: LLM-Planned Execution Graphs for Scalable Ad-Hoc Analysis Over Enterprise Data
Congenital Heart Block