Oil and stocks buoyed by hopes of US-Iran deal
Iran is reviewing a Washington-backed peace proposal while Trump says conflict will end if both sides strike agreement
Middle East crisis day 68 as it happened: Iran says it is reviewing US-backed peace proposal
Trump says US military campaign will end if Iran ‘agrees to give what has been agreed to’
‘Plastic shock’ hits Asia as Iran oil crisis strangles supplies
Shortage of petrochemical inputs drives up prices of packaging for food and medical products
Letter: Brussels must stand up to the bully-boy tactics of US carmakers
From William Todts, Executive Director, T&E, Brussels, Belgium
Letter: Imagine, Hillary Clinton as Trump’s vice-president!
From Bruce Couchman, Toronto, ON, Canada
Letter: Pensions Schemes Act — how the Lords amended it
From Baroness Bowles of Berkhamsted, Liberal Democrat Member of the House of Lords, London SW1, UK
Letter: Snookered
From Mark Peaker, London W1, UK
Letter: We failed to act on Nazi-era asbestos research too
From Dr David Ross, Western Isles Hospital, Stornoway, UK
Trump’s approval ratings plummet in wake of Iran war
‘I’ve started to hate Trump but I haven’t got anything else to wear’
Jeffrey Epstein’s purported suicide note released by US judge
The child sex offender’s former cellmate claims to have discovered the handwritten message
Why it’s time to change Japan’s constitution
Amending the text would be a sign of the country’s flexibility in an era of uncertainty
The leverage layer cake behind HSBC’s private credit losses
HSBC did not lend to collapsed mortgage provider MFS. It took a $400mn hit anyway
FT Crossword: Number 18,366
Arm projects $2bn in sales of its new AI chip from next year
SoftBank-backed UK group says its first in-house semiconductor has drawn strong demand
Spain to repatriate 150 passengers from cruise hit by rat-borne virus
Hantavirus outbreak has killed three passengers on ship, which is en route to Tenerife
Musk tried to recruit Altman for role at Tesla before falling out at OpenAI
Testimony from billionaire’s confidante Shivon Zilis reveals wrangling over the future of the AI lab that led to lawsuit
SpaceX to rent data centre capacity to Anthropic
AI start-up is racing to add computing power to keep up with its growth
FirstFT: North Korea abandons goal of reuniting with South
Also in today’s newsletter: DeepSeek nears $45bn valuation, and China calls for Iran war ceasefire
Airbus wins $19bn order in Canada’s biggest ever aircraft deal
AirAsia orders 150 A220-300 airliners in big boost for Canadian manufacturing
Israel strikes Beirut for first time since ceasefire
Israeli forces have continued to hit targets in the south of the country but had not attacked Lebanese capital since April 8
Elite Wall Street lawyers aided insider trading ring, US prosecutors say
Prosecutors charge 30 for involvement in decade-long scheme that netted tens of millions of dollars in illicit profits
Duke of Westminster’s real estate group to sell properties after losses in US
Grosvenor takes writedowns on North American sites and pledges to reinvest sale proceeds in joint ventures
Carlyle teams with Diversified Energy on $1.2bn oil and gas venture
Private equity firm seeks to securitise future revenue from well production to private credit investors
FanDuel owner profits as a market-maker for prediction platforms
CEO Peter Jackson says Flutter expects new business to become ‘good contributor to our revenues’