James Murdoch in talks to buy New York Magazine

Deal would be first major move by Rupert Murdoch’s youngest son since a settlement to exit his father’s media empire

Crispin Odey accused of seeking to create a ‘false reality’ by UK regulator

Lawyers for hedge fund boss say that FCA tried to bring sexual harassment case ‘by the back door’

SEC moves to scrap quarterly reporting requirement

Wall Street watchdog suggests allowing public companies to file semi-annual reports

UK long-term borrowing costs hit highest level since 1998

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

Carney appoints former international prosecutor as Canada’s Governor General

Louise Arbour will hold constitutional role after distinguished legal career

Norway to reopen three gasfields closed down last century

Move comes as Europe looks to secure more supplies from producers outside the Middle East and Russia

Meta and Zuckerberg sued by publishers over ‘massive’ copyright infringement

Tech giant faces lawsuit from five large groups over its use of copyrighted works to train Llama AI models

US labour demand resilient in March

The latest Jolts survey showed modest cooling during the first month of the Iran conflict

Glencore zinc smelter hit by deadly explosion

Blast at Kazzinc’s facility killed two people and injured five, according to Kazakhstan’s government

BioNTech to cut fifth of workforce as it winds down Covid vaccine production

German biotech is shifting towards cancer treatments

KKR at 50: ‘It used to be easy in the old days’

As the original private equity barbarian reaches milestone, the FT interviews its founders and their successors

Coinbase to cut jobs and rebuild the group as an ‘intelligence’

Crypto exchange’s chief says AI is speeding up its processes, meaning fewer employees are needed

HSBC profits hit by $400mn ‘fraud-related’ exposure

Loss came via Apollo lending to collapsed mortgage lender MFS

Does the art market need AI?

Some artists are embracing the technology but many galleries are lagging badly behind — and may be forced to confront it

Defence group rejects short-seller’s IPO disclosure claims as shares slide

Hunterbrook alleges ammunition maker withheld information from investors

Nissan to cut 10% of Europe workforce in global restructuring

Japanese carmaker will also combine its two production lines in UK’s Sunderland plant

Romanian PM loses confidence vote as Socialists team up with far right

Ilie Bolojan tried to push through austerity measures to rein in EU’s highest deficit

Fragile US-Iran ceasefire on even shakier ground after latest strikes

Also in today’s newsletter, how America’s small businesses are being left out of the Trump tariff refunds

And the FTAV chart quiz winner is . . .

Tee bagged

Goldman expands size of management committee

Bank elevates global heads of M&A and risk for investment banking and trading

Labour urges Green Party to expel candidates who have spread ‘antisemitic hatred’

Criticism of populist leftwing party intensifies on issue ahead of key elections

Current affairs merge with fantasy on Tori Amos’s new album In Times of Dragons

Following a relationship with a billionaire tyrant, the project is an allegorical tale for our times

Google, xAI and Microsoft agree to US national security reviews of new AI models

Agreement with the tech groups follows concerns about Anthropic’s latest Mythos model

Central banks prepare for a long war

Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work