BoE cracks down on insurers’ offshore pension transfers
Regulator to change capital rules on ‘funded reinsurance’ over concerns sector is exploiting arbitrage
The 50 journals used in FT rankings
The Financial Times research quality metric compilation for business school MBA, EMBA and Online MBA courses
How OpenAI’s $500bn data centre venture Stargate has shifted shape
Chief executive Sam Altman’s flexible approach to infrastructure projects is unsettling partners but boosting computing lead
Volkswagen rolls out cheaper EVs in battle with Chinese carmakers
ID.Polo is one of four planned affordable electric vehicles across the VW, Škoda and Cupra brands
FirstFT: A Citi hire that raises questions
Also in today’s newsletter: prosecutors charge former FBI director and ‘the beginning of the end of Opec’
Putin pares back Victory Day parade over fear of Ukrainian strikes
Festivities in Moscow on May 9 will exclude heavy military equipment for first time in decades
Transcript: Hitting the Buffers — The 1873 railway bust that broke one of America’s greatest financiers
Gillian Tett and Robin Wigglesworth talk about the great railway bubble and the rise and fall of Jay Cooke
Adidas profits boosted by early World Cup sales
Growth in selling directly to consumers lifts German sportswear group’s performance
UK ministers gain power to force pension funds to invest in British companies
Government outlines safeguards to resolve a stand-off with peers over legislation
Chinese wind turbine maker accuses UK of ‘politicisation’ over product ban
Ming Yang warns setback will not stop company’s expansion plans in Europe
UBS trading gains fuel 80% profit surge
Market volatility from Middle East war propels strong activity at Swiss bank
Aston Martin secures £50mn cash injection to shore up balance sheet
Funding from consortium backed by billionaire Lawrence Stroll comes after fifth consecutive quarterly loss
CVC pumps cash into Lipton as €4.5bn tea deal comes off the boil
Private equity firm injects €210mn amid fears of a debt restructuring at Unilever’s former tea business
Why the Mandelson scandal matters
Who the prime minister appoints to key roles is ultimately a test of their judgment
Total profits jump 29% as war drives oil price surge and trading gains
French oil major doubles buybacks and increases dividend as it offsets production losses in the Middle East
EU takes action against Meta over failure to protect children on social media
Platform could be fined as debate intensifies in Europe over banning minors from sites such as Instagram and Facebook
Lloyds profits soar 33% as higher interest rates boost income
Bank slashes expectations for UK growth but keeps guidance steady
Emerging market stocks hit record high as Asian chipmakers surge
Rally for TSMC, Samsung and SK Hynix powers EM stock index’s rebound from Iran war losses
Opec without the UAE
Plus, gilts hit rough water
A quick taxonomy of fund finance
Catching up on stuff we should know but maybe didn’t read
EU to take Hungary to court over Orbán-era retail tax
Also in this newsletter: US returns stolen Italian artworks in bid to repair relationship
FTAV’s further reading
Tariffs; the Terminal; civil service reform; AI and productivity; AI and copyright; AI and 1930; Met Gala; and electricity bills
China’s Mao-era regulator in a stand-off with Meta over AI
National Development Reform Commission is becoming Beijing’s chief enforcer
Introducing: The Story of Money
A new video podcast from The FT exploring the history of finance