ECB holds interest rates at 2% as inflation rises
Policymakers warn risks to economy from energy shock driven by Middle East conflict have ‘intensified’
Bond investors brace for ‘volatile’ Fed transition as Powell stays on
Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers
New era begins at Fed as Powell vows to be ‘low profile’ governor
Also in today’s newsletter, political violence in the US isn’t just rising — it’s broadening
Golders Green stabbing suspect was previously referred to Prevent
Two Jewish men injured in knife attacks in north London
ECB holds rates amid supply shock
Central bank believes it ‘remains well positioned to navigate the current uncertainty’
Eli Lilly profits more than double as weight-loss drug sales soar
First-quarter sales of medication Zepbound increased 80 per cent to $4.2bn
How the Trump-Xi threats of trade war softened into a quieter rivalry
The forthcoming US-China leaders’ summit will be much less fraught than the last one
Bank of England holds rates at 3.75% but says ‘ready to act’ if needed
Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy
Bridge: substantial overbid requires determined and skilful play to land slam following best lead
Suit establishment via ruffing finesse proves superior to relying on ‘sure thing’ finesse
Oil tumbles after surging to $126 on supply fears
Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading
Devastating drama Mass confronts the aftermath of a school shooting
Two sets of parents meet for an attempt at restorative justice in Fran Kranz’s deeply human play at London’s Donmar Warehouse
LIV Golf races to secure financial lifeline as Saudis walk away
Lossmaking tour confirms it is seeking backers as PIF prepares to cut losses at end of season
Should you be worried about private credit? You asked, we answered
John Foley and Sujeet Indap of the FT’s Lex column replied to reader questions
The problematic inevitability of Andy Burnham
Labour’s assumptions about its leader-in-waiting are logical but no guarantee of success
Blue Owl draws in $9bn as private credit market cools
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
Is AI increasing access to justice?
A steep increase in ‘vibe litigation’ appears to be expanding the market for legal activity
Bank of England sets stage for extended hold on interest rates
BoE scrapped its central scenario for first time since pandemic
More than 50 countries agree to work on trade measures to cut out fossil fuels
Deals between buyers and suppliers of green energy or technologies among proposed climate solutions
Citadel Securities is feeling its OATs
The next markets to fall to the algos?
Belgium in talks with Engie to nationalise country’s nuclear assets
Government considers extending reactor lifespans comes as energy shocks force Europe to reconsider atomic power
The Things We Never Say by Elizabeth Strout — profound and resplendent
A new tale about the power of secrets by the Pulitzer Prize-winning author of ‘Olive Kitteridge’
Returns before rigs: why surging oil prices haven’t sparked a Permian boom
US oil producers are in ‘wait-and-see’ mode as the Iran war energy crisis plays out
Volkswagen targets European production cut as profits fall
VW takes €500mn hit from shelving EV output at US plant while rival Stellantis returns to profit as it pivots back to petrol
Welcome our new robotaxi overlords
The arrival of driverless vehicles is a second chance for cities