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[EN] Financial Times

China cracks down on ‘bone ash’ burials in empty apartments

Younger tenants do not mind dead neighbours if it drives down rents in a building

Eli Lilly signs $2bn deal for AI drug development with Hong Kong biotech

Global pharmaceutical companies are aggressively searching for new medicines in China

Letter: What democracy can learn from cybernetics

From Jeannette von Wolfersdorff, Lisbon, Portugal

Letter: Caution is called for as UK draws up its drone defence

From Admiral Lord West of Spithead, House of Lords, London SW1, UK

Letter: For Trump, Iran represents a uniquely powerful prize

From Istvan Dobozi, Former lead economist, World Bank, Sarasota, FL, US

Letter: How to avoid the costly subsidies of the last crisis

From Vance Culbert, Senior Policy Adviser, International Institute for Sustainable Development, Geneva, Switzerland

Letter: Here’s a scenario far worse than stagflation

From Desmond Lachman, American Enterprise Institute, Washington DC

Letter: Demography’s child penalty

From Patrick J Allen, River Forest, IL, US

Oil price rises past $116 as Iran conflict worsens

Prices for Brent crude climb 3 per cent during early trading in Asia

Letter: Tokenised stocks, a solution in search of a problem?

From Andrew Davis, Chicago, IL, US

Letter: I dread to think what man could do with fusion energy

From Vic Paine, Corwen, Denbighshire, Wales, UK

The Islington town house that turns Georgian restraint on its head

Its period exterior is all classical composure, its interior is a riot of theatricality and invention

Pro-AI group to spend $100mn on US midterm elections as backlash grows

November 8 poll set to be battleground over regulation of AI

FT Crossword: Number 18,331

Donald Trump says US could ‘take the oil in Iran’

US president tells the FT he is considering seizing strategic Kharg Island even as negotiations continue

Middle East war day 30 as it happened: Benjamin Netanyahu to expand Israel’s invasion of Lebanon, Yemen’s Houthis claimed they launched a second attack on Israel.

Oil price rises past $115 in early trading in Asia as Iran conflict worsens

Israel blocks Catholic cardinal from Holy Sepulchre on Palm Sunday

France, Italy, Poland and Canada condemn Israeli police for cutting off access to site in the run-up to Easter

FirstFT: Middle East war escalates as diplomacy proves fruitless

Also in today’s newsletter: South Korea weighs new inheritance tax rules, and Indian conglomerate Vedanta to split in five

Avoid energy protectionism, UK chancellor will tell G7 allies

Partners urged to ‘act together’ and not ‘weaken collective resilience’ as nations grapple with Strait of Hormuz closure

Switzerland’s wine-making president pushes to restrict imports

Effort to boost local producers draws ire from foreign rivals and domestic merchants

Distressed-debt funds target private credit downturn as ‘greatest opportunity’ since 2008

Investors anticipate money-making bonanza as sector comes under strain

US-Israeli war against Iran escalates as talks prove fruitless

Top Iranian war leader accuses US of using diplomatic efforts as cover for ground operations

Middle East war enters fifth week with no sign of negotiated truce

Markets wind down for Easter break, Japan hosts Macron and UK regulator to outline stance on £11bn car finance mis-selling

Apollo looks beyond New York as it plans second headquarters

The prominent private capital firm wants to build a new office in a southern US state as it continues to grow