US soldier charged in prediction market bets on Maduro’s seizure
Member of military was involved in planning Venezuela operation and allegedly made $400,000 on trades about mission
Intel shares jump 20% as it predicts revenue surge from AI data centres
CEO says US chipmaker has made ‘fundamental’ changes after year-long turnaround
Trump says Israel and Lebanon will extend ceasefire by 3 weeks
President says American navy will ‘shoot and kill’ any boat laying mines in Strait of Hormuz
FirstFT: US accuses China of ‘industrial-scale’ theft of AI technology
Also in today’s newsletter: PwC fined $166mn by Hong Kong regulators, and Meta to cut 10% of jobs
Griffin’s Citadel attacks Mamdani for using his penthouse to sell New York tax plan
Mayor called out billionaire’s $238mn property as he pushes for second-home levy on the wealthy
AI brings Foxconn a chance to cut its reliance on Apple
The cloud and networking division, which assembles AI servers, is growing at a pace the smartphone market cannot match
US shale bosses resist boosting oil output over Iran war ‘chaos’
Dallas Fed survey finds that energy executives are not confident high prices will hold
UK in talks with Anthropic over Mythos access for banks
British lenders seek advice from US groups testing powerful new cyber security AI model
China Shock 2.0
Inside China’s new economy
Meta to cut 10% of jobs to ‘offset’ Zuckerberg’s AI spending
Social media group plans to spend $135bn on data centres this year
Vanguard chief warns of ‘financial exploitation’ by prediction markets
Boss of $12tn asset manager echoes criticism of platforms such as Polymarket and Kalshi
China hackers steal western secrets by targeting consumer gadgets
Compromised home internet routers and smart fridges are being used in cyber attacks, intelligence agencies warn
US Navy secretary fired amid Iran blockade
John Phelan ousted after clashing with defence secretary Pete Hegseth
The welcome return of German military might
A defence strategy sets the right direction for dealing with the Russian threat
Latest savings rates
Up-to-date deals from banks and building societies
Latest Isa rates
Up-to-date tax-efficient savings deals
Tanzania inquiry finds more than 500 people died in election violence
Human rights groups estimate toll far higher in what they describe as ‘Tiananmen Square moment’
Latest National Savings & Investments rates
Current rates from the state-owned savings bank
Microsoft to offer 7% of US staff voluntary redundancy for the first time
Long-serving employees given option for buyouts as it prepared to spend $140bn on AI investment this year
South Africa’s new Trump whisperer
Sending a white Afrikaner as ambassador to the US is a diplomatic masterstroke
Man Group hit by single $6.1bn redemption
Withdrawal from one investor threatens to slow efforts to expand beyond hedge fund division
UK public sector borrowing hit £12.6bn in March as Iran war strains finances
Higher energy prices stoked by conflict have resulted in higher borrowing costs for government
Five stars for La Scala’s Pelléas et Mélisande — so exquisitely potent you’ll blush
Romeo Castellucci’s spellbinding production in Milan demonstrates a complete mastery of his craft