China’s new trade front with the world — services
The country is rapidly moving up the global ranks as an exporter of knowledge-intensive products
Musk struggles to crack the Indian market
More diplomacy by entrepreneur might be needed amid regulatory challenges and domestic competition to his businesses
FT Crossword: Number 18,340
Donald Trump declares two-week ‘ceasefire’ subject to Iran opening Strait of Hormuz
US president claims to have received a ‘10 point proposal’ from Iran after threatening massive strikes on civilian infrastructure
Transcript: Guns and butter and credit
Robert Armstrong speaks to Hakyung Kim
Trump allies play down Iran ‘genocide’ threats as critics warn of war crimes
US president’s latest escalation came ahead of deadline for Tehran to strike deal with Washington
FirstFT: Vietnam swears in Communist Party chief as president
Also in today’s newsletter: Trump’s Iran deadline looms and Taiwan’s opposition leader visits China
Guns and butter and credit
What the 1960s can teach us about our economy
One in eight British residents has left UAE since Iran war, data shows
Departures from Gulf state raise concerns among school operators banking on growth in student numbers
Italian government poised to replace Leonardo’s CEO who oversaw order surge
Move comes as Roberto Cingolani’s three-year term at defence group expires next month
Bill Ackman’s Pershing offers to buy Universal Music in €55bn deal
Proposed transaction would combine world’s largest music group with a blank-cheque company
Unions prepare for UK public sector pay push as inflation bites
With the Iran war set to fuel price growth, worker representatives consider ways to secure higher wages
Anthropic rolls out cyber AI model days after source code leak
Claude Mythos opened to Amazon, Microsoft and Apple to detect hidden software vulnerabilities
Bill Ackman strikes a chord with Universal bid
But financier needs the backing of Vincent Bolloré and his Vivendi media group
UK signals it will not let US use British bases to attack Iran’s civilian infrastructure
Downing Street reiterates that Iran conflict ‘isn’t our war’
UK businesses to increase use of dynamic prices, BoE survey finds
Controversy over sky-high prices for Oasis reunion tour prompted prime minister to launch a regulatory review
Sudan’s grassroots groups — a model in the midst of war
The Emergency Response Rooms are a template for aid delivery elsewhere
Aldermore Bank put up for sale after owner attacks UK car finance redress scheme
South Africa’s FirstRand says industry-wide £9.1bn programme is ‘deeply flawed’
Russian military hackers reroute British internet users’ traffic
UK National Cyber Security Centre warns that vulnerable routers will let attackers steal passwords and log-in details
Trump and Vance back Orbán ahead of Hungary’s election
US vice-president travels to Budapest in show of support for prime minister and Maga ally
Commerzbank clashes with UniCredit over failed takeover talks
German bank hits back after Italian lender accused it of failing to engage
Reform UK accused of risking economy with visa threat over reparations
Populist party says it would bar citizens of countries demanding compensation over transatlantic slave trade
Oil shock sorts cruise lines into the hedged and hedged nots
Carnival is paying the price for not locking in its fuel exposure when compared to competitors
The Authenticator — incisive drama explores the toxic legacy of slavery in England
The play, at London’s National Theatre, follows a Black academic who is called on to authenticate 18th-century journals — only to discover a dreadful past