Tui cuts profit outlook as Iran war makes holidaymakers cautious
Travel operator suspends revenue guidance and says customers are increasingly booking at the last minute
Trump finds it’s easier to start a war than to end one
‘Epic Fury’ turns into ‘Economic Fury’
UK inflation accelerates to 3.3% in March as petrol prices jump
Figure underlines economic impact of the Middle East conflict
UK taxes on wages rose more than in any other rich country in 2025, says report
Increase reflects higher employer national insurance contributions and fiscal drag
Taxes on wages hit decade high across OECD countries
Governments tap labour income as an ‘easy’ revenue raiser but risk undermining incentives to work and hire
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Starmer under pressure as ministers step up criticism over Mandelson scandal
Cracks appear in cabinet following evidence from sacked head of Foreign Office
Moscow to suspend Kazakh oil flows through key pipeline supplying Berlin
Russian plan puts majority of German city’s supplies of petrol, kerosene and heating fuel at risk
Mandelson scandal is like a persistent illness for Starmer
Further revelations and a possible employment tribunal mean story will run and run
Reckitt sales hit as cleaning products caught by widening Russia sanctions
UK-listed group no longer permitted to ship cleaning products to Russia under changes to EU sanctions
Fuel prices push UK inflation rate up in March
Rise in headline inflation will not prompt Bank of England to increase rates next week
Trump extends Iran ceasefire as peace talks hit impasse
President’s latest mixed signal comes as US sends more troops to region
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Gillian Tett and Robin Wigglesworth talk to Toby Nangle
Transcript: How ancient Mesopotamians solved runaway debt
Gillian Tett and Robin Wigglesworth talk to Amanda Podany
FTAV’s further reading
Privacy; detention; streaming; helium-3; home-shopping; women; loanwords; cocaine
Who is the real Kevin Warsh?
Plus, the UK’s labour market struggles
The remarkable renaissance of high-frequency traders
Money, it’s a gas. Grab that cash with both hands and make a stash
Zelenskyy to crash EU summit after calling Orbán’s bluff in €90bn loan row
Also in this newsletter: EU mutual defence without ‘irritating’ US
War disruption forces world’s biggest condom maker to raise prices by up to 30%
Malaysia’s Karex says it has to pass on higher cost of raw materials to customers
US warns on intelligence as Seoul tensions deepen
Trump-era transactionalism puts relationship between allies to the test
FirstFT: Trump extends Iran ceasefire
Also in today’s newsletter: Deutsche Telekom weighs merger and Nestlé’s China business
Reebok plans hundreds of China stores to capture activewear boom
Owner Authentic Brands hopes bricks-and-mortar relaunch will generate $1bn in annual sales within a decade
Introducing: The Story of Money podcast
A new video podcast from The FT exploring the history of finance
Transcript: Senators grill Kevin Warsh in Fed chair hearing
Marc Filippino speaks to Claire Jones and Robin Wigglesworth