The great British (and American) fork in the road
Something’s cooking, but does it matter?
FTAV’s further reading
Don Jr’s wedding-backer; Bank of England review; AI and maths; Mark Zuckerberg profile; LP incentive pay; Anthropic job ad
Carney calls for ‘unique alliance’ with EU in plea for closer trade ties
Also in this newsletter: Telecom groups warn the EU is not supporting its own sovereignty goals
It’s crunch time for BoneSupport, one of Europe’s most shorted stocks
Casing the joint
Global bonds follow US Treasuries lower
Japan 10-year yield surpasses 3% as investors continue to sell government debt after landmark rise in American borrowing costs
FirstFT: UK fiscal realities close in on Downing Street
Also in today’s newsletter: Putin’s summit and JLR targets Nato budgets
China’s economy shows signs of weakness as investment slumps
Deteriorating domestic indicators add pressure on policymakers to increase stimulus spending
Climate tech explained
Your guide to the technologies and solutions that will help the planet reach net zero
Private equity’s new AI overlords?
‘The holding company of the next century’ and Michael Dell’s family office bested PE giants to take an insurance broker private
Transcript: What an AI slowdown could mean for investors
Sonja Hutson talks to John Foley, Myles McCormick and Joe Leahy
Ben Delo: the crypto billionaire helping to bankroll Reform UK
The donor is focusing on what he calls the ‘fight for national renewal’
Luxembourg probes Gazprombank ex-managers
Inquiry follows an FT investigation that found four former directors enriched themselves through a sanctions-busting trading scheme
Hyrox’s new owners hope to turn burpees into billions
The brand is well placed to expand: clothing and accessories would be the obvious first place followed by travel
US manufacturers hit by fresh burst of supply chain cost inflation
Donald Trump’s war in Iran and tariffs push up input prices while AI boom squeezes availability of some components
AI is exciting audit firms — maybe too much
The technology being adopted rapidly by firms such as KPMG and EY still needs humans in the loop
Reality show Apocalypse sends strangers into a US ghost town. It does not go well
Channel 4’s social experiment sees how two groups would fare in the aftermath of a society-ending catastrophe
Oxford spin-off builds low-cost jet engines for drones
Project backed by Ministry of Defence comes as companies race to build fast interceptors to counter Russian attacks
Iran’s allies squeeze Saudi Arabia
Two-pronged assault by Houthi rebels and Iraqi militants has spawned what may be biggest test for Prince Mohammed since backlash against Jamal Khashoggi’s murder
Italian start-up Exein raises $270mn to fight AI hackers with AI
Rome-based company is developing a foundation model to protect billions of internet-connected devices, from robots to lightbulbs
Vladimir Putin moves summit over Ukrainian drone threat
Russian president has avoided Black Sea coast for nearly a year
ECB staff demand clarity over Lagarde’s potential early exit
‘Prolonged uncertainty’ over leadership change could undermine trust at the monetary authority, staff committee warns
How Poland lost $230mn trying to buy Venezuelan oil with crypto
An attempt to use digital currencies for a bold oil trade became one of Poland’s biggest scandals
Banco Santander opens its vaults — with some help from David Chipperfield
The architect has turned the bank’s historic Faro HQ on Spain’s Cantabrian coast into a cultural hub designed to open up its extraordinary art collection
Britain, Burnham and tax: the walls close in
The new prime minister wants a feelgood factor. But tax rises look all but inevitable — just to stay still