Starmer faces jeopardy over Mandelson affair as witnesses give evidence
Vote on whether prime minister misled parliament will follow testimony
BP profits hit 3-year high as Iran war delivers windfall
Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance
Bank of Japan holds rates with hawkish guidance
New forecasts and projections show that rate-setters are more worried about inflation than growth
Barclays takes £228mn hit from collapse of UK mortgage lender MFS
Bank to limit complex lending activities and reduce exposure to highly leveraged corporates
FTAV’s further reading
SNB; AI; CLOs; drones; Musk; Angine de Poitrine; and Tetris
Oil price hits $110 on Iran talks uncertainty
Brent crude at highest level in three weeks
Europe’s pharma industry risks lagging behind US and China, says German drugmaker
Boehringer Ingelheim says pricing regime hinders access to treatments as group touts liver benefits from weight-loss drug
Taliban accuse Pakistan of strikes on Afghan university
Attacks that killed 4 people and injured dozens were first since peace talks in China this month
Wall Street is getting twitchy on oil prices
Plus, dollar dreams and reality
Bank of Japan holds rates and raises inflation forecast on Iran war turmoil
Three members dissent as central bank warns growth likely to slow and corporate profits to suffer
Much ado about the 1974 ‘petrodollar’ deal
KSA 🤜 🤛 USA?
EU to bless state aid surge as capitals plough cash into energy handouts
Also in this newsletter: NGOs warn against simplification of EU fisheries rules
FirstFT: Germany’s Merz warns US ‘being humiliated’ by Iran
Also in today’s newsletter: MPs vote on probe into Starmer, and Orbán allies dwindle
Two Spirit Airlines creditor groups back Trump bailout plan
Bondholder group remains divided over $500mn on offer from White House that would rescue bankrupt budget carrier
Monetary Policy Radar preview: BoE’s April meeting
Read the Monetary Policy Radar preview of Thursday’s decision
World’s biggest battery maker CATL to raise $5bn
Chinese group rides surge in foreign investor interest in renewable energy stocks since outbreak of war in Iran
The airline merger paradox
The industry’s recent challenges pose a dilemma for US antitrust enforcers
Transcript: Private equity deals where the seller is also the buyer
Marc Filippino talks to Alexandra Heal and Tim Bradshaw
Coffee, fuel and houses: why Trump has an inflation problem
The US president’s war in Iran has worsened America’s affordability crisis
Iran’s hardliners clash over talks with US
As the regime’s leaders project unity, lawmakers are divided on negotiations about Tehran’s nuclear programme
Abu Dhabi state energy group to invest ‘tens of billions’ in US push
Adnoc accelerates effort to diversify into US natural gas as Iran war rattles Middle Eastern energy industry
Bank of England expected to hold rates steady despite inflation risk
No immediate need to change policy given weak labour market and lack of corporate pricing power, says governor
The real lesson of Reform’s war on the history curriculum
Proposals for a new patriotic syllabus reveal the ambiguous appeal of rightwing populism
Milken family office alumni raise $4bn to target private capital upheaval
Silver Rock Capital Partners draws in biggest credit fund to date