BP names Ian Tyler as chair
UK oil major hands role to interim chair following the removal of Albert Manifold
France’s debt crisis-in-waiting
Sowing wild OATs
Germany loses its shine in the EU’s quest for green investment
Also in this newsletter: Brussels to turn a blind eye to exemptions in the bloc’s migration system
FTAV’s further reading
John Magnier; AI writing; financial crisis; Dwarf Fortress; James Dyson; the Bank of North America; and food influencers
FirstFT: US-Iran hostilities reignite
Also in today’s newsletter: EU’s diplomatic service and German work hours
So how big *was* Bessent’s yentervention?
Smaller than we had possibly imagined
Transcript: 1873 — The year America ditched silver as money and all hell broke loose
Gillian Tett talks to Pulitzer Prize-winning author Liaquat Ahamed
US launches further strikes on Iran as conflict flares up
Escalation pushes oil prices higher and sends Treasury yields to day’s highs as investors fret over new bout of inflation
Transcript: Russia secretly helping Iran develop supersonic missiles
Sonja Hutson speaks to Miles Johnson and Emily Herbert
The Story of Money with Gillian Tett and Robin Wigglesworth
They say money makes the world go round, but was it always this way? Join Gillian Tett and Robin Wigglesworth on The Story of Money as they revisit the pivotal moments when money shaped history.
Back to school: meet PE’s new headmasters
Top European private capital firms have fresh leadership
Ukraine considers relaxing curfew rules despite Russian attacks
Relentless air bombardments paralyse activity in Kyiv and surrounding regions
ECB must be prepared to lift interest rates further, says top policymaker
Irish central bank governor Gabriel Makhlouf says combination of Eurozone inflation above 3% and robust growth makes him ‘uneasy’
AI sounds the death knell for audit fee inflation
Companies’ audit bills increased less than 2% last year, broadly in line with inflation
The wheels are coming off the US world order
Trump believes in a world in which there are no allies, only satellites, and in which power is America’s alone to wield
Maersk turns to wind sails to cut fuel for container ships
Maritime industry returns to age-old technology to cut future fuel consumption
Notes on campy clothing (and Dolly Parton)
Camp is a cornerstone of modern American culture. But the line between tongue-in-cheek chic and kitsch is fine
Protecting Tower of London views would make skyscrapers unviable, City warns
Historic England says construction of office space in the capital risks damaging the medieval prison’s Unesco status
Recipe: Barbecued black garlic lamb for summer’s last hurrah
Cue Point’s lamb skewers, zingy green chutney and smoky aubergine dip can be cooked now over coals — or brought indoors when the weather turns
Secrets of the C-suite smoothie
What supplements do the City set swill?
EU accelerates plans to break up diplomatic service
France and Germany drive push for reform as pressure mounts on Brussels to find budget savings
‘Plan 2’ graduates earning less than £45,000 are unlikely to clear debts
Government data will add to calls for reform of tuition fee system in England
Mbappé-backed health start-up expands to west Africa
Deal to buy Senegalese insurer Tanel comes months after fundraising valued France’s Alan at €5.5bn
I was wrong about Bad Girl Books
Another bookshop in Oxford was doomed from the start — or so I predicted