Hillary Clinton claimed the Democratic nomination on Tuesday night, hailing the historic achievement of becoming the first female presidential candidate of a major US party after a gruelling primary battle against Bernie Sanders.

Meanwhile, the presumptive Republican nominee Donald Trump sought to quell nerves within his party and refocus attention on his fight against Mrs Clinton following several days of deep disquiet over his attacks on a federal judge. House Speaker Paul Ryan called the remarks on the magistrate’s Mexican ancestry “the textbook definition” of racism. (FT)

In the news

Can’t take the heat? Stay out of the Gulf The UK’s newest and most advanced destroyer warships — each of which cost the taxpayer £1bn — cannot operate in the Gulf because the warm waters cause the engines to break down. “With hindsight it would have been good to do another 4,000-5,000 hours of testing on it,” said one executive responsible for the ships’ engines. (FT)

Fortunes faded Emerging nations’ efforts to catch up with the incomes of the developed world have been set back decades by the slowdown in their economies and the impact of the commodities slump, according to World Bank research. (FT)

Child abuse whistleblower resigns from UN A United Nations official who was suspended for exposing the sexual abuse of children by peacekeepers has resigned over the organisation’s failure to hold senior officials to account. Anders Kompass said he could no longer work for an organisation with no accountability. (Guardian)

More bickering than bloodshed Neither David Cameron nor Ukip leader Nigel Farage managed to draw blood in the latest Brexit debate — an encounter dominated by tense exchanges on immigration. (FT)

Brussels bargains to solve migrant crisis The European Commission is poised to dangle a host of incentives before Middle East and African countries — from better trade terms to easier access to visas and even a share of €62bn of investment — on one condition: they stem the flow of people into the EU. (FT)

Mile-high powerplays A US reconnaissance jet flying in airspace above the East China Sea was intercepted in an “unsafe manner” by a Chinese fighter jet, according to Pentagon officials. The incident comes hot on the heels of another interception last month and just days after top military officials from both China and the US returned from a defense summit in Singapore. (CNN)

The FT Festival of Finance

Mikhail Khodorkovsky talks to Lionel Barber The former head of Yukos and an early supporter of democratic change in Russia will be interviewed live at the FT’s Festival of Finance, in London on July 1. Mikhail Khodorkovsky will be reflecting on his experience of the Putin years and outlining his alternative vision for his country. The Festival, an expansion of the hugely popular Camp Alphaville, will feature more than 100 speakers and panelists across six stages. Tickets are available here.

It’s a big day for

Alphabet The parent company of Google holds its annual meeting amid questions surrounding the departure of Tony Fadell, chief executive of its Nest product. (The Verge)

Executive pay Investors are set to vote on the remuneration of Sir Martin Sorrell — the highest-paid chief executive of a FTSE 100 company — in a move expected to put executive pay reform back in the spotlight. (FT)

Food for thought

Rich child, poor child Sarah O’Connor argues that economic mobility is a zero-sum game: for poor children to succeed, rich ones must fail. (FT)

Room with a view A pop-up restaurant in London claims it will be the city’s first “naked restaurant”. "We’ve worked very hard to design a space where everything patrons interact with is bare and naked. The use of natural bamboo partitions and candlelight enabled us to make the restaurant discreet while adhering to the ethos behind it," says founder Seb Lyall. (FT)

Painful choices still face Greece Martin Wolf on why Athens isn’t out of the woods yet — and the difficult decisions that must be made for it to become a successful, self-financing economy within the eurozone. (FT)

Tech hype meets reality We stand on the brink of a brave new era that will usher in unmatched technological progress and economic abundance, say futurologists. All we have to do is decide how best to manage the social disruption caused by this revolution and allocate the fruits of this unprecedented growth. The trouble is that the present does not appear to have received that memo, writes John Thornhill. (FT)

Your head is humming and it won’t go Residents of Windsor, Canada, are under siege. For the past six years, a low rumbling has been reverberating throughout the city, pushing citizens to the edge. Now, the noise is getting louder — and more debilitating. (Guardian)

The last 9/11 search dog Bretagne, a golden retriever believed to be the last surviving search-and-rescue dog to brave the rubble of the World Trade Center site following 9/11, has died in Texas. Her last walk to the vet’s office was greeted with a guard of honour by firefighters and rescue workers. (NYT)