Transcript: Economic warfare — lessons from history, with Mark Harrison
Soumaya Keynes speaks to Mark Harrison, emeritus professor of economics at Warwick university
FirstFT: Brussels warns of ‘long-lasting’ energy shock
Also in today’s newsletter: Hormuz talks and US banks in Paris
The art of the deal eludes Trump in Iran
The US president’s playbook is leaving him with few good options to end the war that he started more than a month ago
Trust fund battle shows the limits of the UK’s retail investing culture
If policymakers really want an active retail investing culture, they should remove the frictions
What’s going on with dollar debt?
‘Swap’ trades by hedge funds have exploded recently
The hedge fund billionaire battle royale
The Two Sigma co-chief executive appointed to quell the feud between its founders quietly quit last month
Saudi TV drama about Iran hostages revived as war sours relations
Series based on 1987 crisis was filmed four years ago, then shelved as Riyadh and Tehran improved ties. Now viewers may finally see it
UK motorists face £2 a litre diesel as Iran war drives wholesale prices to 4-year high
Scarce cargoes have boosted European diesel futures to equivalent of $211 a barrel, almost double the price of crude oil
Europe must prepare for ‘long-lasting’ energy shock, EU warns
Energy commissioner says bloc is assessing ‘all possibilities’ including fuel rationing and releasing more oil from strategic reserves
Transcript: Robert Armstrong on coining the Taco trade
Marc Filippino talks to Robert Armstrong and Eric Platt
UK gender pay gap widens at Clifford Chance and McKinsey
Elite law firm and consultancy among those where disparity rose last year
Leading UK climate scientists warn against new North Sea drilling
Intervention comes as political pressure rises for British government response to energy crisis caused by Iran war
Credit investors flee to safety, pulling $11bn from junk bonds this year
AI disruption and war in the Middle East send market towards Treasuries and investment-grade debt
Easter eggs stay pricey even as cocoa prices plunge
Manufacturers try to recoup some losses after margins were squeezed by spike in cocoa prices
Preventive wars have weakened America
Resorting to force when there is time for diplomacy is needlessly destabilising and tends to end in failure
In Tehran, neighbours wonder where the next bombs will land
Residents are left guessing which regime target might live alongside them as strikes rain down on Iran’s capital
‘Epic’ cyclone Narelle spreads damage and disrupts mines and gas
Skies turned blood red in Western Australia ahead of tropical system that travelled for more than 6,500km
Venezuela’s Rodríguez erases images of past leaders
US-backed interim president replaces slogans, colours and faces of Chavismo movement as she consolidates power
How Nelson Peltz chalked up another corporate break-up at Unilever
‘Unbelievably pushy’ activist investor backed $66bn carve-out of century-old food business
Insurers turn to catastrophe bonds to offload data centre risks
Industry explores raising capital from alternative investors to cover AI mega-projects
Corbynistas flock to Zack Polanski’s Green Party
Allies of the former Labour leader are being drawn by ‘eco-populist’ pivot to the left
Prediction markets: the hunt for the new ‘dumb money’
As new bettors flock to platforms such as Kalshi and Polymarket, some make easy prey for trading firms and professional gamblers
Step into the immersive ‘endless summer’ interiors trend
Wild flowers and vegetables, topiary and terraces are a rich seam of inspiration for interior designers — but the latest crop feels particularly transporting
Kenya enters rare earths race with Mrima Hill deposit
Authorities seek intense competition from the US, China and Australia for ‘poster child’ project