Italy labour abuse crackdown spreads to US group building Milan consulate

Caddell Construction executive detained amid investigation into alleged ‘quasi-slavery’ of migrant workers

Iran suspends peace talks in protest over Israeli offensive in Lebanon

Move puts further pressure on fragile ceasefire between Washington and Tehran

Barry Diller launches $18bn takeover offer for MGM Resorts

Casino resort group’s shares jump 14% after media veteran announces take-private plan

Uber faces Prosus challenge in Delivery Hero pursuit

Investment group held talks with other shareholders in bid to strengthen bargaining position over takeover

Mandelson promised government would ‘never regret’ making him US envoy

Disclosures include emails and WhatsApp messages sent between the disgraced peer and ministers

How to combat corruption

There are lessons to be learned from the reforms of the past

Germany to punish ministries for failing to spend funds quickly enough

Finance minister threatens to cut funding for those lagging behind on €500bn infrastructure fund

Anthropic offers EU access to Mythos

Bloc in talks to use American AI model in first expansion outside US and UK

UK defeats Rwanda claim for £100mn compensation over asylum plan

Hague court ruling comes after Labour government scrapped flagship policy of previous Conservative administration

What is ‘queer food’ and why does it matter?

As Pride Month begins, HTSI’s food critic looks at the culture of dining out

And the FTAV charts quiz winner is . . .

Charts Attack!

World No 1 Carlsen struggles in Oslo with three defeats in five games

Puzzle: find the move which sparked White’s resignation

Putin could pay a personal price for failure in Ukraine

History suggests that military defeat often leads to radical political change in Moscow

EU’s dealmaking machine grinds steadily on

Brussels churns out preferential trade agreements but is vulnerable to Chinese coercion

Opera Holland Park opens its season with Puccini’s glorious La fanciulla del West

Despite some strained singing, this well-staged and insightfully acted production is worth seeing

Tip Toe — Russell T Davies’s drama about a divided Britain is brutal viewing

Alan Cumming and David Morrissey play neighbours whose feud turns deadly in this harrowing Channel 4 show

Berkshire buys homebuilder Taylor Morrison for $8.5bn in Abel’s first big deal

First substantial acquisition under new chief is a bet on eventual recovery in property sector

Wise shares slump over money laundering investigation

London-headquartered fintech says it is responding to questions from Belgian authorities

FirstFT: Nvidia targets consumer PC market

Also in today’s newsletter: SoftBank becomes Japan’s largest company by market value and Powell says Fed in the throes of a ‘stress test’

Transcript of an interview with Andrew Bailey

Transcript from an interview with the governor of the Bank of England

US and Iran launch fresh strikes as peace efforts continue

Washington and Tehran are still trying to formalise a ceasefire

Hungarian PM to remove president and other ‘Orbán puppets’ from office

Péter Magyar to use parliamentary majority against predecessor’s appointees

Submit your questions: Ten years on, what’s next for Brexit?

Take part in a live Ask an Expert Q&A with the FT’s Europe editor Ben Hall and Peter Foster, the FT’s World trade editor, on Thursday June 4, at 1pm BST

Chinese firms’ market share gains driven by subsidies, says OECD

Companies in China benefit from eight times more state support on average than rich-world rivals, report claims