BoE governor distances himself from Reeves’ attack on regulators

Andrew Bailey backs idea of reform but insists ‘we can’t compromise on basic financial stability’
Coca-Cola to launch cane sugar-based Coke in US this autumn

Move follows Donald Trump’s announcement that company would move away from using high-fructose corn syrup
Bereaved families to report and pay tax on inherited pensions

Government to switch responsibility away from pension providers
Ukraine moves against independent anti-corruption institutions

Parliament backs legislation to tighten executive control after series of moves targeting anti-corruption campaigners
Linklaters partners take home record £2.2mn

UK-based ‘magic circle’ law firm posts 57% rise in US profits after heavy investment
Trump — emperor of Brazil

The US president’s sympathy for disgraced strongman Bolsonaro is part of an alarming pattern