Samsung reaches last-minute deal to avert strike over AI riches
Work stoppage had threatened to disrupt Korean economy and global artificial intelligence boom
From bitter coffee to all-terrain vehicles: China-Russia trade ties flourish
Close diplomatic relations between Beijing and Moscow are matched by growing mutual commercial exchanges
Asteroid mining and new billionaires: what’s in SpaceX’s IPO filing
Elon Musk’s rocket-to-AI conglomerate lays out its planetary ambitions
Modi prepares Indians for economic shock after ‘decade of disasters’
Fuel prices rise as prime minister says he can no longer shield citizens from impact of Iran war and other global events
Nvidia lifts dividend as investors fret about growth prospects
Shares in the world’s most valuable company dip despite better than expected revenue and forecasts
Labour leadership battle reopens Brexit debate
‘If elected, I’ll undo all the harm you did with Brexit’
Letter: AI risks becoming another driver of workforce inequality
From Peter Hantman, Chief Executive, Tungsten Automation, Denver, CO, US
Letter: Church attendance of sorts
From Colin Mason, Kilmarnock, East Ayrshire, Scotland, UK
Letter: NHS patient data deal is bigger issue than it appears
From Professor Sir Denis Pereira Gray, Former Chairman, Academy of Medical Royal Colleges; and Former Vice-Chair NHS Ethics and Confidentiality Committee, Exeter, Devon, UK
Letter: Why mandation is inimical to good pensions policy
From Douglas Keir, Retired Actuary, Oxford, Oxfordshire, UK
Anthropic on track for first profitable quarter
AI lab set to hit milestone ahead of competitors OpenAI and xAI
Letter: If MPs back PR, it’s turkeys voting for Christmas
From Jan Harrington, New York, NY, US
The crisis in Japan’s love affair with plastic
Knock-on effects of the Strait of Hormuz’s closure are becoming a source of economic consternation
Pentagon official’s Beijing visit in doubt over $14bn US arms package for Taiwan
Chinese government delays greenlight for talks with Elbridge Colby to pressure Trump over new weapons package
Elon Musk’s SpaceX sets out plans for biggest IPO in history
AI and satellite company fires starting gun on wave of massive Wall Street listings
FT Crossword: Number 18,378
UK confirms Gulf trade deal in boost for service industries
Government estimates that agreement could boost economy by up to £3.7bn a year in ‘long run’
Reeves cuts food tariffs and children’s bus fares in cost of living plan
UK chancellor to announce wide-ranging package intended to win back voters
FirstFT: Nvidia reports better than expected revenue and forecasts in Q1 earnings
Also in today’s newsletter: OpenAI’s IPO could come as early as this week and Xi warns of ‘the law of the jungle’ to Putin
SpaceX is all ’trucked up
But Elon Musk is not giving himself mates’ rates
US state department watchdog investigates Gaza Humanitarian Foundation
Oversight body scrutinising how $30mn grant was spent by controversial non-profit that had US and Israeli backing
Minutes reveal more hawkishness than previously thought at Fed’s April meeting
‘Many participants’ indicated they would have preferred the removal of language related to a continued ‘easing bias’
US charges Cuba’s former president Raúl Castro with murder
The 94-year-old faces accusations relating to the 1996 downing of two civilian aircraft
Many Fed officials called for central bank to drop rate-cut signal in April
Minutes from latest meeting highlight growing concerns about rising inflation sparked by Iran war