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FirstFT: Germany’s Merz backs using frozen Russian assets for Ukraine

Also in today’s newsletter, inside China’s mega iPhone factory and Tony Blair seeks role in Trump’s postwar Gaza plan

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FirstFT: Beijing attacks UK efforts to ‘smear’ China over spy case

FirstFT: Bessent warns world will ‘decouple’ from China if it imposes new export controls

FirstFT: Scott Bessent accuses China of trying to hurt world’s economy

FirstFT: Trump hails ‘historic dawn’ in Middle East

FirstFT: China blames Trump and US for escalating trade tensions

FirstFT: Israeli cabinet signs Gaza hostage deal

FirstFT: Narendra Modi inaugurates Gautam Adani’s $2bn Mumbai airport

FirstFT: UBS fund exposed to First Brands bankruptcy

FirstFT: EU plans travel curbs for Russian diplomats

FirstFT: Gold in record-breaking rally as investors fear missing out

FirstFT: EU plans to unfreeze €2bn of Deripaska-linked assets

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FirstFT: US government shuts down as lawmakers fail to break deadlock

FirstFT: Israel’s Benjamin Netanyahu backs Donald Trump’s peace plan for Gaza

FirstFT: Hong Kong activist is denied entry to Singapore

FirstFT: Big banks resume hiring in Hong Kong as dealmaking booms

FirstFT: Ukraine can regain all lost territory, Trump says

FirstFT: Trump to meet Argentina’s Milei for talks

FirstFT: UK, Canada and Australia recognise Palestine as a state

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