Recently the RBC-UKQCD lattice collaboration presented new results for the hadronic matrix elements relevant for the ratio in the Standard Model (SM). With the present knowledge of the Wilson coefficients and isospin breaking effects there is still much room for new physics (NP) contributions to which could both enhance or suppress this ratio to agree with the data. The new SM value for the $K^0-\bar K^0\Delta M_K2\sigma\Delta M_K$. Simultaneously the most recent results for from NA62 and for from KOTO still allow for significant NP contributions. We point out that the suppression of by NP requires the presence of new CP-violating phases with interesting implications for , and decays. Considering a -scenario within the SMEFT we analyze the dependence of all these observables on the size of NP still allowed by the data on . The NP QCD penguin scenario for is excluded by SMEFT renormalization group effects in so that NP effects in are governed by electroweak penguins. We also investigate for the first time whether the presence of a heavy with flavour violating couplings could generate through top Yukawa renormalization group effects FCNCs mediated by the SM -boson. The outcome turns out to be very interesting.

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