The Glam

UBS gates €400mn property fund for up to 3 years

Swiss bank said liquid assets in the Germany-based fund were insufficient to meet rise in redemption requests

Industry that benefited from president’s cuts to regulation and green policy is wary of unpredictability

MBDA plans 40% rise in production this year to meet soaring demand

Minister blames ‘tracing’ issues at state-owned savings bank for blunder affecting up to 37,500 savers

A polished production at London’s Duke of York’s Theatre aims for contemporary resonance, but loses its anarchic spirit

The case against membership of the single currency looks much less clear-cut than it did in the 1990s

MEP in charge of assessing the project is due to circulate a report fully backing an electronic version of the single currency

Also in today’s newsletter, Scott Bessent discussed ways to recast ties between Fed and Treasury in BoE’s image

European parliament had delayed vote during Greenland crisis

Egan-Jones claimed US regulator harmed its business with publication of order this week

Tehran’s unused arsenal has played on the nerves of Gulf states

Court sentences Ko Wen-je to 17 years for corruption in case that comes at time of rising pressure from China

A data deep dive shows that job vacancies are rising — but only for senior developers

Bank of England deputy governor warns Iran war will take a toll, with quoted mortgage rates already rising

Panic-buying a slightly less unpopular rival will not help Labour face its real challenges

Development of $9bn copper and gold project pushed back as Middle East war adds to worsening local security situation

The discovery of a Homeric-style poem and an academic’s life-in-the-footnotes are captivatingly entwined in the Booker-winner’s ambitious new novel

Democratic officials are reassessing targets as concerns grow over energy affordability

Replicating chinoiserie porcelain at home was a popular hobby of the era — and surviving pieces have a curious charm

Outlook underscores economy’s exposure to conflict through reliance on energy imports

The FT’s critics recommend the most compelling 2026 shows, from Cecily Brown and Hurvin Anderson to Tracey Emin to Rose Wylie

Shirine Khoury-Haq pushes back against allegations of a ‘toxic culture’ at convenience store operator

Have you hit the royal mile?