US stablecoins pose danger to emerging markets, say central bankers
Growth of dollar-pegged crypto assets under Donald Trump risks accelerating dollarisation and enabling criminal misuse
Wealth advisers made billions from private capital fees
Plus, RIP Mark Mobius, BlackRock cools on Europe and Jasper Johns in Bilbao
Why Moscow-friendly Radev is unlikely to become Bulgaria’s Orbán
Also in this newsletter: EU fraud watchdog warns of surge in AI-driven complaints
Private credit gets the once-over
Do you want the bad news or the bad news?
FirstFT: Starmer fights for his future
Also in today’s newsletter: US seizes Iranian ship and Sweden says Russian economy is faltering
The best of TV and streaming this week
‘Euphoria’ reaches new lows; Elle Fanning stars in OnlyFans dramedy ‘Margo’s Got Money Troubles’; ‘Malcolm in the Middle’ return. Reviews by Rebecca Nicholson
Risk Management: Financial Institutions
The soaring level of US government debt; how AI is increasing the speed and depth of cyber attacks; and geopolitical shocks have highlighted the need for diversity in cloud providers
Transcript: Opus Dei, Ep. 4 — The closest tabernacle to the White House
How Opus Dei became a key pillar of conservatism in Washington
LACMA’s new David Geffen Galleries — insanely expensive but utterly astonishing
Breaking every rule of museum design, architect Peter Zumthor has created a $724mn blockbuster for Los Angeles
Oil prices set for more turbulence in months ahead, warns Gunvor chief
World’s fourth-largest independent crude trader says markets may be ‘very choppy’ between April and June
Russian economy is faltering despite oil windfall, Sweden warns
Stockholm’s military intelligence head says Moscow is manipulating data to make its economy look better
Transcript: Brussels’ plan to ease the energy crisis
Sonja Hutson talks to Ian Johnston and Amelia Pollard
FTSE bosses receive 18% pay bump this year in global fight for talent
Companies are also watering down ESG elements of pay plans as boards reassess whether such awards ‘make sense’
AI boom poised to be ‘massively disinflationary’, Northern Trust says
Head of financial services group’s $1.4tn asset management division expects new tech to unleash huge productivity gains
How the Iran war could hurt Wall Street
The big unknown is how the conflict could alter the Gulf’s investment priorities in the next year or two
Defence spending is ‘magnet’ for criminals, warns EU fraud chief
Huge sums being invested in European rearmament are attracting fraudsters, says agency head Petr Klement
Germany to begin privatisation of seized Gazprom division
Head of company now known as Sefe says capital increase could raise up to €2bn
FTI Consulting to keep Steve Gunby as CEO after dropping succession plan
Likely replacement quits after board extends longtime leader’s contract to 2029
The good sneaker guide – for every type of activity
Whether you’re marathon running or weightlifting, we’ve found the perfect fit
Where to dine during Milan Design Week
As Milan Design Week unfurls, here are some of the city’s most aesthetically compelling places to dine
The return of the e-merging markets
For now South Korea and Taiwan are the biggest beneficiaries of the AI wave
Ukraine’s drone pilots hit Russian targets from 500km away
New internet-based guidance system allows operation of unmanned aerial vehicles far from battlefield
Out of office, still hyper-responsive
Once established by professional training, the addictive pull of screens, newsfeeds and email replies is impossible to shake
Rapper Loyle Carner impresses in BBC’s stylish crime series Mint
The musician makes his acting debut in a modern-day ‘Romeo and Juliet’ from director Charlotte Regan