FTAV’s further reading
Chips; VAT; war debt; mine sweeping; Zambia; the Pope; Trump; and ChatGPT
UBS completes transfer of 1.2mn Credit Suisse clients in mammoth integration
Milestone a relief for executives as they battle plans to increase bank’s capital requirements
Transcript: Best of — How the diamond industry lost its sparkle
Michela Tindera talks to Leslie Hook and Eleanor Olcott
K-shaped consumer credit
Plus, investing in the Ukraine build-out
Who cares if private credit goes kaput?
Sizing up the systemic exposure
EU countries see echoes of Syrian migration crisis in Iran war fears
Also in this newsletter: Europe’s Greens make a pitch to join the centrist coalition
FirstFT: Iran war turns shipping market into ‘wild west’
Also in today’s newsletter: UAE tax rules and EU bank capital requirements
Tech Exchange
This series features conversations between FT journalists and the technology industry’s leaders, innovators, and thinkers. In the latest instalment, GV’s Tom Hulme talks about the AI investment cycle and predicts a comeback for Google Glass-style smart glasses
David Zaslav, once upon a time in Hollywood
The Warner Bros boss could get a $700mn payday from the sale of his studio to Paramount
Trump has broken it. Now he owns it
Continued closure of the Strait of Hormuz threatens the movement of gas and fertilisers as well as oil
Iran still seen capable of escalating attacks on Gulf’s energy
Analysts warn Tehran’s ability to prolong disruption to oil and gas flows ‘has a way to go’
Iran conflict turns shipping market into ‘wild west’
Containers are being dropped off at far-flung ports while freight rates have soared
The art market flocked to the Gulf. Then war broke out
Conflict throughout the Middle East risks disrupting an expanding calendar of fairs and auctions
Banks prepare to offload $18bn in debt tied to EA take-private deal
Blockbuster junk bond and loan offering will test investor appetite at a time of heightened nerves over AI disruptions
How can we tell good AI from bad?
More lessons from the jagged frontiers of new technology
Now it’s Paramount that faces one battle after another
Media mogul David Ellison has bagged the prize — but the deal needs to work for shareholders
Recipe: How to master a crunchy, brunchy Tunisian egg brik
These delightful savoury pastries deserve to be cooked in more kitchens
Microsoft weighs legal action over $50bn Amazon-OpenAI cloud deal
Rift deepens as start-up tests limits of Microsoft’s exclusive rights to host its models
UK’s nuclear research body consults on plans to cut about 200 jobs
Move by UKNNL leads union to question government claims about ‘golden age’ for sector
Europe’s airlines eye opportunities from Iran war fallout
With services of dominant Gulf rivals disrupted, there is a brief window to provide direct flights that avoid the region’s hubs
The sum of all fears for Lebanon
Many in the country, haunted by memories of the 1980s, are convinced Israel is preparing a broad land offensive
Private credit’s game of footsie is getting riskier
Stronger guardrails are needed before these funds seep into the $9tn US retirement market
Inez & Vinoodh: ‘Taking a photograph is an act of love’
An exclusive interview with the Dutch duo celebrating 40 years as a creative couple
Texas makes its pitch to lure corporate America to ‘Y’all Street’
The Lone Star State seeks to form an economic fiefdom that harbours little patience for ‘woke’ coastal infirmities