At this year’s Art Basel, only the spectacular will do
Galleries are conscious of the need to be seen and heard in an increasingly high-octane environment
Those World Cup economic impacts in full…
No look, pass
Global stocks slide led by meltdown in South Korea
Steep declines in tech-related stocks follow Wall Street rout on Friday
Switzerland weighs Franco-Italian alternative to US air defences
SAMP-T emerges as strong option for Bern as Raytheon’s Patriot system deliveries delayed for at least 5 years
Canada tries to edge back into US trade talks with Trumpian sales pitch
‘Fortress North America’ is Ottawa’s response to being cut out of negotiations on new pact with US and Mexico
Five ways to boost your motoring experience
A life-saving jump-starter – plus other kit for the road
FirstFT: AI sell-off spooks global markets
Also in today’s newsletter: Iran and Israel trade fire while Intesa Sanpaolo launches €30bn bid for rival bank
Tate & Lyle agrees to £2.7bn takeover from US rival Ingredion
Takeover of long-serving FTSE member deepens London stock market malaise
Blackstone looks to sell $2bn of stakes in private investment funds
One of the biggest deals of its kind will test investor appetite for ageing private equity vehicles
Armenians back pivot from Moscow in Pashinyan election win
Prime minister’s party secures parliamentary majority against Russia-friendly rivals
Explosions heard in central Tehran as Israel and Iran trade air strikes
Retaliatory barrages test two-month truce and Trump’s efforts to forge wider peace deal
Explosions heard in central Tehran as Israel and Iran trade air strikes
Retaliatory barrages test two-month truce and Trump’s efforts to forge wider deal
Raiding infrastructure budgets to fund defence stores up trouble
Cancelling projects is already politically costly, while more military investment is unlikely to boost economic growth
Oil prices jump after Iran missiles threaten fragile ceasefire
Traders worry that new strikes could escalate into a return to all-out conflict in Middle East
Elon Musk’s SpaceX courts retail investors
Plus, redemption woes at Partners Group, shorting call centre stocks and Le Parc at Tate Modern
FTAV’s further reading
SpaceX; slop; taxing compute; taxing people; racism; academia; and Eve Online
Intesa gatecrashes rival’s bid for Monte dei Paschi with €30.6bn offer
Italy’s largest bank says takeover would result in significant cost savings
Peru’s presidential rivals in neck-and-neck race after election run-off
Results too close to call as rightwing autocrat’s daughter vies with leftist lawmaker
Did jobs just kill the bull market?
The AI trade meets higher rates
Has Strategy lost its nerve?
Flywheel no fly
European capitals push for talks but Putin remains unmoved
Also in this newsletter: Kosovo’s ruling party wins a second snap election in six months
Fashion designer Nili Lotan’s Tribeca
The minimalist womenswear designer has built her label — and her life — within a few blocks of Duane Street. She shares her perfect day
UK AI start-up PhysicsX hits $2.4bn valuation following Temasek-led deal
London-based group raises $300mn to become one of the UK’s most valuable AI groups
Transcript: China’s Xi visits North Korea to talk nuclear programme
Victoria Crag speaks to Joe Leahy and Sam Fleming