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At what point does the bond market break?

Also in this newsletter: Competition hawks fret over Enrico Letta’s plans for EU merger rules

Excessive heat in summer and endless wet in winter have led to casualties — but there is hope yet

Closer co-operation forged through joint exercises is forcing Pentagon and allies to react

Bridget Jones isn’t the first person to find lust in London’s lushest wilderness. We trace its cultural history

Also in this newsletter: why Italian premier Giorgia Meloni is running in the EU elections

Democrats and Republicans alike need to get out of their echo chambers — the future of American democracy depends on it

Latest intervention by close ally of Donald Trump puts Keir Starmer’s role under the spotlight

The rise of the £250 scent

Ministers say new guidelines are ‘more precise’ as critics raise alarm over threats to freedom of speech and worship