Japanese flash memory maker’s profits surge on AI frenzy
Toshiba spinout Kioxia plans to list American depositary shares to widen US investor pool
Britain’s debt cage
As Labour politicians fight over the keys to No 10, the gilt market sets the limits of power
Gilts and sterling fall as traders brace for Burnham to challenge Starmer
Greater Manchester mayor is lightning rod for concerns over possible loosening of UK’s self-imposed borrowing limits
Irish gangster runs for former finance minister’s seat
Gerry ‘The Monk’ Hutch remains a wild card in May 22 vote for Dublin seat
Boeing shares slide as Trump’s China summit deals disappoint
US president says Beijing will expand agriculture and oil purchases
British Gas hit with £90mn in penalties over pre-payment meters
Ofgem found utility breached licence conditions designed to protect vulnerable customers
UK bosses hit out at impact of Westminster turmoil on business
Uncertainty over Starmer’s future is putting investment decisions and country’s reputation at risk, CEOs say
Heathrow must allow rival to bid to build third runway, UK regulator says
Civil Aviation Authority is seeking to reduce costs on £31bn project
China and US ‘feel very similar about Iran’, Trump says
Chinese leader Xi Jinping says ‘milestone’ summit has forged a ‘new bilateral relationship’
SEC settles Adani case as US authorities move to end actions against Asia’s richest man
Indian tycoon had lobbied Trump administration and pledged billions of dollars of investment in America
Singapore Airlines to add flights in win from Iran war disruption
Airline gains passengers from rivals while hit related to Air India stake erodes annual profit
The great global bond freakout
Plus, crypto’s not money
FTAV’s further reading
Claude; AI; more Claude; drunk deer; active vs passive; Internet Archive
Transcript: Should economics have fewer taboos? With Alvin Roth
Soumaya Keynes speaks to Alvin Roth, Nobel laureate and author of ‘Moral Economics’
Metlen was London’s biggest new listing of 2025. What exactly is it?
From Greek gas to Chilean solar and Cheshire waste incineration, the FTSE 100 group is anything but simple
FirstFT: Trump and Xi kick off talks in crucial summit
Also in today’s newsletter: Starmer faces leadership challenge and McKinsey pay revamp
Can the UK labour market absorb the energy shock?
Some rate-setters think so, but there are reasons to be cautious
HSBC pauses $4bn private credit investment
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
Starmer braces for leadership challenge by Burnham
Greater Manchester mayor says he wants to contest a by-election and return to Westminster
China to produce Jeep and Peugeot cars under €1bn Dongfeng deal
Stellantis is latest foreign automaker announcing plans to export Chinese-made EVs
Transcript: What Big Tech wants out of Trump’s China visit
Marc Filippino talks to Ryan McMorrow and Sonja Hutson
Arm guards with pepper spray to stop shoplifters, says UK government adviser
Iceland boss Richard Walker is pushing for more protection for retail workers
Fatherland — Thomas Mann confronts a haunted postwar Germany
The writer in exile returns to his homeland in Paweł Pawlikowski’s requiem for lost ideals and lost loved ones
The soft-on-crime era on Wall Street
US prosecutors are promoting lenient deals for companies that turn themselves in