US to draw down 172mn barrels of oil from SPR as part of global release
400mn barrels of crude made available as governments race to tackle energy shock
US launches new trade probes into a series of countries and the EU
Investigations are precursor to fresh tariffs after previous levies were struck down by the Supreme Court
Oracle prepares for lay-offs as it hails efficiencies from AI coding tools
Database group set aside an additional $500mn for restructuring costs
Trump’s Iran war pushes petrol past $3.50 in test of US voter patience
Administration has failed to douse surge in fuel prices as Middle East turmoil deepens
FirstFT: IEA launches largest-ever release of oil reserves to counter Middle East energy shock
Also in today’s newsletter: India relaxes rules on Chinese investment, and the Kremlin’s covert campaign to keep Viktor Orbán in power
Cliffwater caps payouts at credit fund as redemption requests surge
Morgan Stanley private loan fund also says it will limit withdrawals after being hit by wave of demands
IEA releases record oil reserves to counter Iran war energy shock
Unprecedented move underscores fears of threat to global economy from Middle East war
Mexico’s congress rejects Sheinbaum’s electoral reform proposal
Lower house blocks final step in Morena party’s bid to remake institutions
Blackstone readies £250mn Canary Wharf office sale
Talks mark the latest sign of growing confidence in the east London financial district
Mandelson papers: what do they show?
Top Starmer aide warned US envoy’s appointment was ‘weirdly rushed’, while disgraced peer sought £547,000 payout
Oil prices edge higher against backdrop of historic reserves release
400mn barrels of crude made available as governments race to tackle energy shock
Investors demand steep concessions in Salesforce’s $25bn bond deal
Software group sold debt at significant premium in borrowing costs in sign of Wall Street jitters over AI disruption
Plans to raise UK fuel duty ‘under review’ as Middle East crisis drags on
Conservative leader says the prime minister is heading towards ‘another humiliating U-turn’
Energy shock will force business rethink, says State Street CEO
Supply chain break caused by war was a ‘Covid moment’ for companies, says global financial services group chief
Europe needs to stop bickering to compete with China
The fight over ‘Made in Europe’ versus ‘Made with Europe’ is a pointless one
Mandelson’s appointment as ambassador was ‘weirdly rushed’, Starmer aide warned
Files related to former minister’s role in Washington reveal his £75,000 pay-off included a discretionary payment
Nasdaq finds SpaceX’s gravitational pull hard to resist
Proposed change to index-inclusion policy would benefit Elon Musk ahead of IPO
Iran to pull out of men’s football World Cup
Tehran’s decision follows Australia’s move to grant asylum to female players
Turbulence tests South Korea’s stock market revival
Sharp swings are a reminder to Seoul that its reform agenda is incomplete
Intel shareholder claims board gave US an equity stake to avoid Trump’s social media attacks
Lawsuit also criticised law firm Skadden for advising both Intel and the government
Will the Iran war derail the global economy? You asked, we answered
Economics leader writer Tej Parikh and European economics commentator Martin Sandbu replied to reader questions
An 86-year-old and his AI friend: Can chatbots solve loneliness?
The fifth episode of our podcast series examines the role of AI companions in tackling social isolation
How to look like a Peaky Blinder
18 ways to steal Tommy Shelby’s style
Now I Surrender — Álvaro Enrigue’s recast tale of Geronimo and how the west was won
A thrilling account of the Apaches’ surrender that mixes archival fragments and auto-fiction is now published in English