Asia turns to coal as Iran war chokes off gas supplies
Countries shrug off environmental concerns to fire up use of polluting fuel as Gulf supplies dwindle
FTAV’s further reading
Euro-Office; private equity and care homes; AI bubble; and the social theory of insurance
EU ministers commemorate Bucha massacre as Ukraine peace talks stall
Also in this newsletter: the former Putin translator overseeing the Hungarian election observation mission
FT Alphaville’s toy Collateralised Whatever Obligations
The FTAV Credit Explainer Part II: Securitisation Bugaloo
FirstFT: Swiss lawmakers signal compromise on UBS capital plan
Also in today’s newsletter: Hegseth’s broker and UK-US security ties
Private capital’s great disappointment era begins
The $22tn industry is facing the prospect that returns will fall far short of the expectations of investors
Foreign central banks sell US Treasuries in wake of Iran war
International official holdings at New York Federal Reserve fall to lowest level since 2012
BlackRock looks at HSBC’s Canary Wharf tower for new London HQ
Asset manager is seeking at least 600,000 sq ft as demand for high-end offices rises
Transcript: The rocky legal future of Trump’s tariffs
Marc Filippino talks to Antoine Gara and Stefania Palma
Cracks appear in US-UK security co-operation after Trump-Starmer tensions
Differences over war in Iran are hitting working relationships between diplomats, officials and military personnel
Why do politicians want AI to go faster?
Bullish rhetoric about ‘unleashing’ the technology is badly out of touch with the sensibilities of many voters
Swiss lawmakers signal compromise on $22bn UBS capital plan
Decision could be published in April with foreign capital requirements component moving to parliament for debate
‘Pump anxiety’ from soaring fuel prices prompts surge in interest in EVs
Increased costs since outbreak of Middle East conflict prompt more test drives and advert views
BlackRock to boost investment in NHS property
Asset manager teams up with Greater Manchester Pension Fund for £1bn joint venture as government seeks more private finance
UK chip start-up Fractile seeks to raise $200mn to challenge Nvidia
Company is part of growing cohort of UK groups developing faster AI processors
In the age of AI, the US must rethink the taxation of labour and capital
As the population ages and technology disrupts the economy, young workers are carrying a disproportionate tax burden
In trade’s ‘law of the jungle’, the winners are clear
It is China and the US that prosper when power sets the terms for global commerce
Free museum entry is the mark of a civilised city — and one of the best things about London
These are some of Britain’s last truly public spaces — charging overseas visitors is an erosion of that ideal
Is HBO’s Neighbors a prestige docuseries — or Jerry Springer redux?
Petty disputes turn nasty in a six-part show that shows how online rage seeps back into the real world
The City law firm that found wealth in private capital
Macfarlanes has transcended its roots to become one of London’s most profitable legal partnerships
When did democracy become an investment bubble?
A new closed-end fund is open to anyone with a brokerage account but whether it brings prosperity remains to be seen
Encounters with Vancouver Island’s awe-inspiring marine life
Once heavily depleted, the waters off British Columbia now teem with humpbacks and orcas, seals and sea otters — an extraordinary comeback revealed on expert-led tours
Iran’s hackers go to war
Tehran’s cyber operatives have sought to sow fear and hoover up intelligence in series of attacks in Israel and the US
China’s nascent Reit market gives global investors exit route from property
CapitaLand of Singapore was the first international sponsor of a Chinese real estate investment trust