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[EN] Financial Times

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