Central bank chiefs unite behind Jay Powell amid US probe into Fed chief
Governors from 11 institutions issue statement saying they ‘stand in full solidarity’ with Fed chair
BBC seeks to get Trump’s $10bn lawsuit thrown out of court
Broadcaster argues that ‘Panorama’ documentary at centre of president’s claim was not available in the US
What are Trump’s options in Iran?
US president has threatened another military intervention in the protest-hit country but his objectives are unclear
Games Workshop bans use of AI in its designs
Group behind Warhammer taking ‘very cautious’ approach and says it will ‘respect our human creators’
Distressed debt buyer applies to put UK broadband firm into administration
FitzWalter Capital’s move at G.Network is set to mark the first insolvency in Britain’s ‘altnet’ sector in years
Nadhim Zahawi joining Reform shrinks the Farage ‘fear’ factor
Defection helps rightwing party by making it less scary and more viable in era of bloc-based politics
Ørsted shares rally after US court lifts block on key wind farm project
Danish company says ruling will allow work on Revolution Wind to restart immediately
Trump announces 25% tariff on countries ‘doing business’ with Iran
Levies to be applied immediately by US could affect nations such as China and India
Yen tumbles and Japan stocks soar as election talk reignites ‘Takaichi trade’
Currency at lowest in 19 months after finance minister expresses concern over ‘one-way’ weakening
Wellcome Trust builds cash pile as it warns on record high equity markets
One of the world’s wealthiest charitable foundations notes ‘exceptional levels’ of market concentration in tech stocks
Do markets care about Fed independence?
They will eventually
Greenland calls for ‘Nato framework’ protection from Trump’s threats
Also in this newsletter: A rare bright spot amid the EU’s single market woes and the fight over Ukraine’s €90bn loan
FTAV’s further reading
The Fed; private lending; GoFundMe; post; illbeing; macOS; Reform UK; and white dating
FirstFT: UBS chief Sergio Ermotti plans to step down in April 2027
Also in today’s newsletter: US tariff on Iran’s partners and EU trade
Transcript: Markets shrug off investigation into Powell
Marc Filippino talks to Oliver Barnes and Robert Armstrong
Top US commander says China still exerting military pressure in Asia
Stability in relations with Washington has not eased Beijing’s stance in region, says Admiral Samuel Paparo
Milan’s most luxurious hotels
From chic boutique hideaways to grandes dames stays
Europe’s corporate powerbroker in Spain
Plus, Saks Global faces bankruptcy and AIG edges back towards risk
Lawfare comes for the dollar
The attack on Jay Powell and the Federal Reserve is a serious threat to the position of the US currency
US defence companies’ generous buybacks make for an easy target
For a monopsonistic buyer such as the Department of Defense, profitability looks like an opportunity in disguise
Understanding Iran: seven books that help explain the unrest
Essential reads on the politics and history of the country’s Islamic regime since the revolution and fall of the Shah in 1979
California’s billionaire tax plan will backfire
Over the past 50 years the state has become overly reliant on a few deep pockets that it cannot afford to lose
European aircraft to track ‘rivers in the sky’ blamed for flooding
Concentrated streams of high-altitude water were behind UK storms such as Bert in 2024 and are expected to intensify with climate change
Don’t hold your breath for robots’ ChatGPT moment
Implementing automation systems requires a lot of planning, time and money