Letter: Banks that focus on card innovation risk being left behind
From Barb Morgan, Chief Product and Technology Officer, Temenos, London EC3, UK
Letter: Even Deighton’s CV was a work of fiction
From Fred Sansom, London N3, UK
Letter: Contemporary music doth protest not enough
From Jack Campbell, Dublin City University, Dublin, Ireland
Letter: How international law solved two Baltic disputes
From Reiner Jaakson, Oakville, ON, Canada
Letter: The touching banalities of life under the bombs
From G Tabbara, Paris, France
Letter: The dangers of escalation
From Harlan Ullman, Senior Adviser, Atlantic Council, Washington, DC, US
Letter: McSweeney’s ‘misfortune’
From Sir Vernon Bogdanor, Professor of Government, King’s College London, London WC2, UK
Letter: English boarding schools and Catholic Emancipation
From Valerie Collins, Killorglin, County Kerry, Ireland
Letter: The gap in your egg map
From Guy Marshall, Prestwich, Manchester, UK
Letter: Faulty muscle memory
From Matthew Pennington, Saint Paul, MN, US
FT Crossword: Number 18,330
FT Crossword: Polymath number 1,380
Global markets recoil as Rubio warns war in Iran could stretch for weeks
Comments from US secretary of state come as oil jumps to $114 and Wall Street stocks slide
US appeals court overturns $16bn Argentina ruling in blow to Burford Capital
Litigation funder’s share price fell 54% following decision by New York judges
KPMG to cut almost 600 UK jobs as slowdown persists
Big Four firm and rivals are struggling to regain footing even after reductions in headcount and costs
Transcript: The case for keeping Starmer
Lucy Fisher talks to Robert Shrimsley, Miranda Green and Chris Smyth
Gulf officials seek to calm investors as war rattles confidence
Delegates at a Miami conference urged to continue investing in the region
Stocks and bonds slump in tandem as Iran shock leaves investors ‘nowhere to hide’
Traditional 60-40 portfolio of global equities and fixed income on course for worst month since 2022
How markets may be affecting US military action in Iran
First, peace negotiations were ongoing. Then, more US troops were deployed to the Gulf. Why?
At what gold price does Tether’s USDT become balance-sheet insolvent?
A bunch of liabilities, balanced on bullion and bitcoin
Ares appoints administrators to owner of French football club Lyon
Owner John Textor hits out at private capital firm’s ‘predatory’ decision to call in administrators
Memory chip stocks shed $100bn as AI-driven shortage trade unwinds
New research suggests AI data centres will need much less memory than investors had bargained for
US expects war against Iran to last another 2-4 weeks, Rubio tells G7
Secretary of state and foreign ministers discuss impact of conflict on energy prices, as oil closes at its highest since 2022
UK diesel stockpiles at risk, warn traders
Commercial inventories could be used up by mid-May if the Strait of Hormuz remains closed