What is going on at India’s HDFC Bank?
Also in this newsletter, government further restricts online speech
Samsung forecasts record profit on AI boom
First-quarter earnings surge eightfold despite rising energy costs from Middle East war
Letter: Small island states want a say in new world trade architecture
From Zaheer Allam, Climate and urban policy adviser; Director, The Climate Transitions Centre, Hermitage, Mauritius
Anthropic in chips deals with Google and Broadcom worth hundreds of billions
AI start-up secures more computing capacity as annualised revenues hit $30bn
Letter: What explains parents’ vaccine hesitancy
From Mary Bolingbroke, Practising Osteopath, Bradford-on-Avon, Wiltshire, UK
Letter: If museums are to charge foreigners . . .
From Gabriel Dabscheck, Melbourne, Australia
Letter: Tracing the origins of Jobs’ obsession with quality
From Armen Martirosyan, Ambassador (retired), Yerevan, Armenia
Trump swearily threatens Iran infrastructure
Iran’s top military command calls Trump’s threats against infrastructure ‘delusional’
Tehran says US president’s ‘rude’ and ‘baseless’ threats do not make up for America’s ‘humiliation’ in the region
US health insurer shares jump as Trump administration boosts Medicare payments
UnitedHealth and Humana stock rallies as subsidies for certain healthcare programmes are set to rise
FT Crossword: Number 18,339
Middle East war day 38 as it happened: Iran calls Trump’s threats against infrastructure ‘delusional’; oil prices jump
Tehran says US president’s ‘rude’ and ‘baseless’ comments do not make up for America’s ‘humiliation’ in the region
Trump says US could destroy Iran ‘in one night’ as he demands opening of Hormuz
President steps up threats to target civil infrastructure if Tehran does not agree deal by Tuesday night
FirstFT: Donald Trump renews threat to destroy Iran’s infrastructure
Also in today’s newsletter: China’s CATL takes ambitions to the high seas, and Jamie Dimon warns private credit losses will be larger than feared
UK to host meeting on safe passage through the strait after war
Conference comes after Donald Trump warns western allies they will have to secure the strategically important waterway
The UK is turning the energy crisis into a political mess
Castigating companies for ‘profiteering’ is nonsensical and unhelpful rhetoric
How Europe made Viktor Orbán
Hungary’s illiberal champion has benefited from the misjudgments and complacency of other leaders
Ukraine’s drones dent Russia’s war-fuelled oil windfall
Moscow’s disrupted energy exports add pressure to markets already reeling from Iran conflict
Chess: Sindarov, 20, heads for glory as Uzbek star stuns Candidates with 6/7
Puzzle: can you spot the 2026 Candidates brilliancy?
When will Americans take the blame?
US war of choice in Iran risks turning Americans into global pariahs
Neurocrine bets nearly $3bn on deal for insatiable hunger treatment
Soleno Therapeutics makes first commercialised drug for extreme hunger caused by Prader-Willi syndrome
Saudi Arabia charges record premium for its oil
World’s biggest crude exporter to ask Asian customers for around $20 a barrel on top of benchmark prices
Sales of used EVs surge in US as petrol prices pass $4 a gallon
Americans are buying second-hand electric vehicles even as the market for new vehicles slumps
Jan Morris by Sara Wheeler — ‘a woman different to any other’
A carefully measured biography grapples with the life of the fascinating, complicated and often exasperating writer, adventurer and transgender pioneer