At home with Lanza Atelier’s Isabel Abascal and Alessandro Arienzo
The couple behind this year’s Serpentine Pavilion have turned an old adobe into an architectural statement
UK borrowing rises and retail sales slide in April
Strains on economy and public finances come as ruling Labour Party engulfed in leadership crisis
Inside the technicolour world of Jack White
The White Stripes star started making art in his teens. He’s finally ready to show it
Andy Burnham’s contradictory vision of Greater Manchester
Adaptability has fuelled his popularity, but others critique politician’s shape-shifting and weak policy grip
Japanese inflation unexpectedly slows in April
Government energy subsidies help headline rate slow to 1.4%
Richemont shines as demand booms for high-end jewellery
Cartier owner beats expectations as strong jewellery demand offsets weaker sales in Middle East and Africa
Starbucks grapples with backlash in South Korea after ‘Tank Day’ marketing mis-step
Promotion offered discounts on May 18, the anniversary of the 1980 Gwangju massacre
Rachel Reeves would like you to order off the kids’ menu
A VATcident waiting to happen
Ladies First — Sacha Baron Cohen leads outdated riposte to the patriarchy
Gender roles reverse in Netflix comedy, with the ‘Borat’ star enduring a wax and Rosamund Pike as a boorish alpha
Legal disputes rip through oil shipping after Hormuz closure
TotalEnergies weighs lawsuit against Baltic Exchange, following Mercuria, as shipping derivative losses mount
Carson Block: ‘Maybe the dumb money is the smart money’
The short seller warns of an AI-created financial crisis
FTAV’s further reading
Jobs; megatrends; data; hating; Kean; lawsuits; Makerfield; hotels; Norway
Police ‘engage with’ lawyer over former prince Andrew sex trafficking claim
Thames Valley force offers update on probe that includes investigation into possible misconduct in public office
Why the EU is braced for a ‘dramatically’ worse economic outlook
Also in this newsletter: Europe’s Iris² project should get a slice of satellite frequencies
A bitcoin miner spent $860k armouring vehicles for its bosses, a fact for which we have very little context
The best defence may in fact be defence
Transcript: The oil reserves dwindle
Katie Martin talks to Malcolm Moore
Transcript: Can African countries mimic Asia’s economic success? With Joe Studwell
Soumaya Keynes talks to Joe Studwell, author of ‘How Asia Works’
Sports Exchange
This series features insights from some of the most influential figures in sports ownership and leadership. In this instalment, Sir Ben Ainslie, Olympic champion, discusses the rapid growth of SailGP
FirstFT: SpaceX, OpenAI and Anthropic IPOs to ignite trading frenzy
Also in today’s newsletter: private equity-linked loans and Estée Lauder-Puig talks halted
Bank of England will only raise rates this year under energy shortages scenario
Read the May forecast from the FT’s Monetary Policy Radar team
Transcript: Blockbuster IPOs to take Wall Street by storm
Marc Filippino speaks to George Steer, Jude Webber and Victoria Craig
The Musk banker who took a back seat to Goldman Sachs
Michael Grimes of Morgan Stanley had been widely expected to run SpaceX’s flotation
JPMorgan looks to offload exposure to $4bn in private equity-linked loans
Largest US bank in discussions over risk transfer as PE firms grapple with prolonged slowdown
As athletes gather for ‘steroid Olympics’ the real stars are the drugs
Backers of Enhanced Games hope to use event to market performance-enhancing drugs to a wider audience