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Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates era

After hitting record low against dollar, naira has become world’s best-performing currency in recent weeks

Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts

An ECB interest rate cut soon would make sense but the Fed faces a more difficult call in the US

Markets no longer fully confident of move by September following new growth and inflation data

More than halfway through its incentives spending, the US will have far greater scope to manage shocks

Also in today’s newsletter, Meta’s shares tumble and Columbia’s ‘Gaza Solidarity Encampment’

Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates era

Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costs

Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest rates

Index reading well above economists’ prediction marks fastest expansion since May

One overlooked reason for US resilience is stimulus still coursing through the economy

Recent turnaround still owes most to a steep and persistent valuation discount

Any deal would need South African government’s approval while cost savings are another issue

Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues

Admonitions about staff trading in their employer’s shares may now need to be broadened

Shareholder resolution highlights challenges around Norwegian company’s climate pledge

Nobel-winning economist speaks about her climate-focused tax proposal

Also in today’s newsletter, a new tax task force kicks off, and the Net-Zero Asset Owner Alliance widens its scope

Also in today’s newsletter, a new attack on ESG from Texas

Zendaya shines in ‘Challengers’, a sensual story of tennis and love; Liam Neeson is a weary hitman in ‘In the Land of Saints and Sinners’; ‘That They May Face the Rising Sun’ is a moving and meditative delight; Paola Cortellesi’s ‘There’s Still Tomorrow’ cleverly channels Italian neorealism; LaKeith Stanfield is a false messiah in ‘The Book of Clarence’; Johnny Depp plays the king to Maïwenn’s mistress in ‘Jeanne du Barry’ — reviews by Danny Leigh and Jonathan Romney

Politicians’ scandals have changed with the times but the shame remains the same

The direct-to-consumer ‘It-girl’ brand is opening its first physical store

Seamus Heaney’s touching acts of kindness, Jane Austen’s hangovers — an author’s correspondence reveals things that literature cannot

Politicians’ scandals have changed with the times but the shame remains the same

There’s a new brand of gastropub pop-ups where the pop never stops

A delicious croissant alternative that’s far, far easier to bake

Using old, abandoned objects to mourn the plight of his native Syria, Kourbaj creates works that speak with particular power to exiled author Hisham Matar

Reservation scalping; flame-throwing robot dogs; Russian reserve accumulation and Taylor Swift fandom

A new book by the celebrated social photographer captures the city in all its most unscrupulous glory

Seamus Heaney’s touching acts of kindness, Jane Austen’s hangovers — an author’s correspondence reveals things that literature cannot

This fast-paced account lays bare bitter divisions, relentless setbacks and a prime minister’s ultimate undoing

The author on the antiques, architecture and history of his adopted home

Meet the women expertly challenging convention in a male-dominated profession

After a four-year hiatus the lavish hotel-train is back, on a new route through the jungles of Malaysia

The co-founder of the east London retail, art and restaurant space takes us on a whirl around his favourite shops, galleries and eateries in the capital

My coffee machine looks amazing. For £3,000, it should do

The annual Salone del Mobile is a vast display of slick superfluousness but at its heart is a deep regard for tradition and craftsmanship

When Lord and Lady Barnard became custodians of the ancestral seat in 2016, they inherited a fairytale – and a project in urgent need of help

This modest farm labourers’ cottage in New York was where the master of the macabre wrote his final works