FirstFT: And then there were eight.

Good morning. This article is a local version of our FirstFT Newsletter. Subscribe to our Asia, Europe/Africa or America edition to receive it straight to your inbox every weekday morning

The field for replacing Boris Johnson as the next leader of the Conservative Party and British Prime Minister narrowed last night when eight candidates qualified to vote today ahead of the first round of voting.

Sajid Javid, the former health minister, dropped out of a race marked by anonymous briefings between rivals, and Home Secretary Priti Patel decided not to run, avoiding further splits among right-wing candidates.

Rishi Sunak, the former chancellor, is the bookmakers favorite to win, with William Hill giving him odds of 13/8, followed by Penny Mordaunt, junior commerce minister, at 2/1 and Foreign Secretary Liz Truss at 7/2. An Opinium poll showed that Sunak was the preferred candidate by 28 percent of Tory party members, followed by Truss with 20 percent.

Sunak began his campaign with a promise to fight a fair fight, vowing not to “demonize” Johnson and stating that the Prime Minister had a “good heart”. Despite his condescending language, the outgoing prime minister’s allies mobilized to try to “stop the Rishi”.

Which Conservative MPs support each of the candidates for the country’s next prime minister? Follow our leaderboard election tracker.

Do you think Sunak will win the leadership competition? Let us know vote in our pollor email firstft@ft.com. Thank you for reading FirstFT Europe/Africa. Here’s the rest of today’s news – Jennifer

1. Twitter is suing to force Elon Musk to make a deal The social media company yesterday filed a Delaware court force the billionaire entrepreneur to honor its $44 billion agreement to buy the platform.

2. NATO and EU warn of arms smuggling by Ukraine The two blocs are pushing for better tracking of weapons shipped to Kyiv in response to fears that criminal gangs smuggling them out of the country and onto the European black market.

More about the war in Ukraine:

3. Andrew Bailey vows to bring UK inflation down to 2% target. Yesterday, the governor of the Bank of England promised reduce inflation to the target level of the Central Bank“No ifs or buts,” adding that the Bank of England may raise interest rates more sharply than before in response to the surge in prices.

Donald Trump made accusations of electoral fraud despite doubts Almost all of his closest advisers told the former US president that he lost the 2020 US election, but continued to insist that it was stolen, as the congressional committee heard. The councilors shouted at each other during “Crazy” meeting in December 2020, eyewitnesses say.

5. DAZN is in talks to buy Eleven Sports Billionaire Len Blavatnik’s sports broadcasting company in talks to acquire smaller rival Eleven Sports, according to people with knowledge of the details. The talks show DAZN’s determination to expand into new markets at a time of fierce competition between streaming groups for live sports.

The next day

Kamala Harris speaking at the Pacific Islands Forum Vice President expected announce The US plans to open embassies in Kiribati and Tonga and ask Congress for more money to help Pacific island nations fight illegal fishing in their latest bid to fight back against China.

Post-Brexit Northern Ireland Trade Agreement Ministers will promote legislation tear up Boris Johnson’s so-called Northern Ireland Protocol with no sign that any Tory leadership contenders will stop him.

RMT-Network Rail deal Negotiators from the RMT, which halted most British railways when its members went on a three-day strike last month, said they offer a pay raise from the owner of the country’s railway infrastructure to its executive committee.

Economic Data The UK economy is expected to contract for the third month in a row in May, after a sharp rise in energy prices, the purchasing power of consumers decreased. The final consumer price index indicators for June in France and Germany, while the EU publishes data on industrial production for May. In the US, the Federal Reserve is due to publish its Beige Book, which will provide information on the impact of rising inflation, as it releases its consumer price index for June. (WSJ, FT)

What else do we read

Inflation is not only an economic but also a political problem. The return of inflation is not just a major economic event. This is political. As it becomes less likely that it will just disappear painlessly, tough decisions must be made about how to respond to it. written by Martin Wolf.

Histogram of change in major and major consumer price indices between May 2020 and May 2022 (%) showing that the US and UK experienced the biggest jumps in benchmark prices in two years.

The Great Dijon Mustard Crisis in France From surgical masks to Ukrainian sunflower oil, household items have at times been in short supply since the start of the pandemic. But now things are getting serious for lovers of French cuisine: the country is running out of mustard. Victor Malle explores.

  • Will Emmanuel Macron’s economic reforms stall? As his second term begins, the president, who has said he wants the country to become a “startup nation,” weakened political arm after losing their parliamentary majority.

The slide of the euro to dollar parity reflects the blow from the war in Ukraine The currency is now a fraction above one dollar for the first time since 2002, rekindling memories of its difficult early years when it fell so low that traders dubbed it the “toilet currency.” But this autumn points to recession riskmore than question marks about his future.

What can the UK learn from the Dutch approach to end-of-life care? The NHS will need up to 40,000 more beds – about 65 more hospitals – by the end of the decade, according to a new study, as it faces a rising tide of illness and death among the baby boomer generation. But the Netherlands proposes a plan eliminate shortcomings in the country’s health care system.

Shinzo Abe’s death gives prime minister a chance to make his mark The assassination of Japan’s longest serving prime minister is over deep emptiness in the ruling Liberal Democratic Party – and gave Prime Minister Fumio Kishida a unique opportunity to make his mark on Japanese politics.

Games

What’s the difference, a few seconds? If you’re cooking rice or driving to work, it’s okay. But for a hero neon whiteone moment of delay can mean the difference between a year of bliss in heaven and eternal damnation in hell. Tom Faber looks at the gaming subculture.

neon white

Neon White players compete to finish the game in record time

Thanks for reading and remember that you can add FirstFT to my ft. You can also choose to receive a FirstFT push notification every morning within the app. Send your recommendations and feedback to firstft@ft.com. Subscribe here.