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[EN] Financial Times

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

What does AI really mean for your work? Submit your questions

Take part in a live Ask an Expert Q&A with Sarah O’Connor, John Burn Murdoch and Madhumita Murgia on Thursday April 23 at 1pm BST

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

Transcript: They are history’s geniuses. But were they any good at investing?

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