British teenagers will face a midnight curfew on social media platforms, a policy aimed at protecting youth mental health. At the same time, US inflation fell more than expected to 3.5% in June as petrol prices tumbled, easing pressure on consumers. Wall Street’s top banks recorded a record $19.3bn in revenue from equities trading, underscoring a strong stock‑trading boom that has boosted quarterly earnings.

In Europe, regulators are weighing a loosening of bank rules. Brussels is set to propose easing the EU’s capital requirements for lenders, a move that could free up lending capacity but raises concerns about financial stability. The proposal follows a broader push to reduce regulatory burdens on the banking sector after years of stringent post‑crisis rules.

Former Fed governor Kevin Warsh vowed the Federal Reserve will remain ‘resolute’ in its inflation fight, signaling continued monetary tightening despite the softer price data. His comments were highlighted in the latest FT News Briefing, which also covered the UK curfew and the banking revenue surge.