Ukraine peace talks resume even as Russia breaks temporary ceasefire
Also in this newsletter: EU citizens worry about war and poverty
Epstein files show art market financialisation in full flow
A Black mark on ‘Château Noir’
FirstFT: Russia suspected of intercepting Europe’s key satellites
Also in today’s newsletter: Lloyds overhauls strategy and Santander’s US acquisition
US stocks drop on fears AI will hit software and analytics groups
New Anthropic legal tool sends shares in companies including S&P Global and Intuit sliding
Tech Exchange
This series features conversations between FT journalists and the technology industry’s leaders, innovators, and thinkers. In the latest instalment, Chinese AI pioneer Kai-Fu Lee talks about the competition between the technology’s two superpowers
Where to stay in Hong Kong
From the city’s grandes dames to new design classics
The central bank of Elon Musk
The billionaire has merged his rocket maker with his lossmaking AI start-up
Mediobanca’s top private bankers decamp to Deutsche Bank
Move by German lender comes in the wake of Milanese lender’s takeover by Monte dei Paschi
Transcript: The Muskverse enters a new era
Marc Filippino talks to Ciara Nugent and Richard Waters
New Nestlé boss plots strategic overhaul to reignite growth
Consumer group is under pressure to slim down following tumultuous period
LIV Golf to be lossmaking for rest of the decade, CEO says
Scott O’Neil says Saudi-backed tour will not break even for 5 to 10 years as he tries to sell stakes in teams at $1bn valuations
Transcript: How the Federal Reserve might change under Kevin Warsh
Michela Tindera talks to Claire Jones
The Treasury market is treading in dangerous waters
Bank balance sheets lack capacity to intermediate the surging amount of trading in the US government bonds
Reading the runes on a Warsh Fed
The presumptive next chair might be better than others on the list, but he is a confusing, perhaps confused, figure
How copper miners are squeezing their way out of a shortage
With demand set to soar, the industry has got inventive over extracting the metal using leaching initiatives
Tether retreats from $20bn funding ambitions after investor pushback
CEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raise
The tyranny of targets
Not only is quantification changing our behaviour, but we’re failing to notice this has happened
Banks seek out new buyers for Oracle data centre loans
Rare investment-grade rating helps attract insurers and private credit funds to construction debt
Who killed the British flat?
The government needs to revive the appeal of flats — but capping ground rents at £250 a year won’t cut it
Amundi says it will cut exposure to US over coming year
€2.4tn asset manager is latest to voice concern over US policymaking and its impact on dollar assets
Recipe: The unlikely alchemy of adding rice to your meatballs
A simple, nourishing Greek soup with a twist
‘The game is over’: Critics of Iranian regime seize on killings to push for change
Domestic dissidents call for end to Islamic republic, while moderates back reforms within the system
Can I ask my ex-husband for more financial support?
When we divorced he claimed he was struggling, but I now suspect him of transferring wealth to a relative
The Regent Hong Kong: making waves again
This revived landmark on the waterfront delivers beautiful design, cinematic views and impressive dining