Letter: Epstein scandal shows private banking’s misaligned incentives
From Carmela D’Avino, Professor in Finance, IÉSEG School of Management and Mimoza Shabani, Associate Professor, Audencia Business School
Letter: Burgundy vs Bordeaux
From Andrew Creese (81 years old), Darley Dale, Derbyshire, UK
Letter: UK higher education shortcomings revealed
From Dr John Warren, Ipswich, Suffolk, UK
Letter: Buyout firm difficulties in China part of wider malaise
From Samuel Breen, Doylestown, PA, US
Grand revival: Hunt Slonem transforms a Gilded Age mansion
The artist’s meticulous restoration of Belle Terre, a 16-bedroom mansion in New York, ensures its legacy lives on
US LNG producers rush to seize on surging gas prices triggered by Iran conflict
Venture Global and Cheniere Energy look to bring on extra capacity as prices surge in Europe and Asia
Stronger UK public finances can withstand Iran war shock, Reeves to say
Chancellor will seek to promote ‘stability dividend’ in Spring forecast on Tuesday
Iran executes Khamenei’s plan to spread regional war
Strikes on energy facilities and targets across Middle East form strategy devised to sow chaos in retaliation for US and Israeli attack
FT Crossword: Number 18,308
Correction: Retractions made in 2024, not 2025
Ivan Oransky of Retraction Watch recorded nearly 3,000 retractions of Chinese-authored academic papers from journals in 2024
Blackstone flagship private credit fund hit with redemptions
Investors pull net $1.7bn out of vehicle over first quarter as industry strains intensify
Inside the plan to kill Ali Khamenei
Israel spent years hacking Tehran’s traffic cameras and monitoring bodyguards ahead of the assassination of Iran’s supreme leader
The escalating Mideast conflict — in charts
Since the US and Israel struck Iran, thousands of missiles and drones have been launched across the region
FirstFT: Trump vows to do ‘whatever it takes’ in Iran
Also in today’s newsletter: Modi and Carney discuss trade deal, and Toyota bows to Elliott in $38bn buyout battle
Starmer has his ‘Love Actually’ moment and stands up to Trump
British premier, after carefully nurturing relations with the US president, makes clear they are at odds over the Iran war
Trump to drop battle against law firms over punitive executive orders
Administration to terminate appeals in four cases involving law firms that sued to block measures from taking effect
Video: who is running Iran after Ayatollah Ali Khamenei’s death?
FT explains what might come next after the killing of Iran’s supreme leader
Lebanon plunged back into war as Israel targets Iran-backed Hizbollah
Shia militant group strikes northern Israel for first time since 2024, triggering retaliatory offensive
Gas prices soar as Iranian attacks force shutdown of Qatari production
Saudi Arabia also closes an oil refinery after attack
UK private equity investor plots closure of up to 80 former WHSmith stores
Modella rebranded high street shops as TG Jones after buying them last year
Hedge funds rethink emerging market bets after US-Israel strikes on Iran
EM stocks and currencies come under pressure as US dollar jumps
France’s groundbreaking nuclear offer to Europe
Macron’s decision to extend the deterrent is a boost for the continent’s defence
AES’s private equity buyers pull off the self-leveraging buyout
Investors in the power and utility group might have expected more but it’s not clear they had a right to