India struggles to stabilise rupee as war creates depreciation pressure
Foreign exchange reserves decline sharply as Iran conflict highlights the RBI’s reluctance to let currency float
Bessent called in US bank CEOs to discuss Anthropic model’s cyber risks
Meeting with US Treasury secretary comes as latest AI system has detected decades-old vulnerabilities
Is Trump’s $300bn Ambani’s $40mn?
Also in this newsletter: the Reserve Bank of India outlines the expected economic impact of the Middle East war
Trump warns Iran over charging for passage through strait
Global stocks rise in wake of S&P winning streak on ceasefire optimism
Letter: Easing oversight of audit firms is a capitulation by the regulator
From Sandra Peters, Senior Head of Global Financial Reporting Advocacy at CFA Institute; Member of the FRC’s Stakeholder Insights Group; Former Member of US Securities and Exchange Commission’s Investor Advisory Committee, New York, NY, US
Letter: Let’s not sacrifice more English farmland for solar
From Kim Thonger, Collyweston, Northamptonshire, UK
Letter: I’d be a yen millionaire if I policed Japan’s cycling rules
From Kevin Rafferty, Osaka, Japan
Letter: A ‘resilient’ global economy is not quite what it seems
From Francisco Villanueva-Giron, Seville, Spain
Letter: Plea for cooler heads
From Jim Blum, Baltimore, MD, US
Letter: Oxfordshire landowner makes case for housing
From Tom Bulford, Oxford, Oxfordshire, UK
Letter: UK signs away its leverage over Mauritius on Chagos
From Robert Frazer, Salford, Lancashire, UK
Letter: A tie-maker’s thank you
From Christopher R Mundy, St Leonard’s-on-Sea, East Sussex, UK
Artemis astronauts prepare to splashdown on Earth
‘Stay where you are’
Correction: WilmerHale fees
A quote regarding legal fees charged by US law firm WilmerHale to Brazilian billionaire Alberto Safra was wrongly attributed to the judge in the ruling. Safra, rather than the judge, described the charges as “extremely high”, which was incorrectly stated in an article on April 9
FT High-Growth Companies Asia-Pacific
The 2026 ranking of fast growing companies in the Asia-Pacific region. Plus: Indian winemakers face change; Chinese AI experts return from US; the biggest threat to China’s champions; ticket fees donated to charities; Singapore listings remain scarce
Chinese and Indian airports chase hub status amid Iran disruption
Countries have so far failed to anchor global traffic compared to Gulf rivals
Asian start-ups evolve to reshape industries with AI
Entrepreneurs focus on improving established sectors including logistics, manufacturing and healthcare
Singapore listings remain scarce despite strong equities performance
IPO numbers begin to improve, but remain very low compared with Hong Kong
EU trade deal set to change India’s wine industry
Domestic producers, already under pressure from overcapacity despite a growing market, are adapting ahead of tariff cuts
From bingo to Melbourne flower show: Humanitix uses ticket fees as ‘engine for good’
Australian non-profit takes its business model overseas, expanding to the UK and North America
The biggest threat to China’s global champions is not Trump
The most competitive companies are being damaged by an underclass of less productive domestic rivals
China lures home its top AI talent from Silicon Valley
Engineers and scientists return for better pay and quality of life as US grows more hostile
FT Crossword: Number 18,342
North Sea oil prices hit record high as Iran keeps hold over Hormuz
Washington-Tehran ceasefire agreement fails to stem global energy crunch