Wall Street is financing $7tn in AI data centre investments while seeking to limit exposure. Traders warn oil prices may rise to $100 a barrel amid geopolitical tensions. Germany attracts global defence firms, Canada imposes 50 per cent US tariffs, and European heatwaves drive Gulf air-conditioning interest.

The FT News Briefing, produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed, covers these developments.