British Airways owner orders 53 Boeing and Airbus planes in bet on long-haul flying
Airlines group says demand for travel is strong despite macroeconomic uncertainty
Transcript: Berkshire after Buffett
Katie Martin talks to Robert Armstrong
Commerzbank profits surge in boost to takeover defence
Biggest quarterly profits for over a decade come as German lender fends off interest from Italy’s UniCredit
The periodic US default freak-out has started early
Examining the CDS entrails
How Berkshire has changed
And Taiwan’s currency
FTAV’s further reading
Cities; phone sex; college; university; Scott Bessent; tax rates; and Bill Gates
EU backs Ukraine war crimes tribunal in riposte to Putin’s war parade
Also in this newsletter: European parliament closes in on Europe’s wolves
US and UK seal first deal of Donald Trump’s trade war
White House and Downing Street celebrate tariff cuts but critics warn of a thin agreement that could face legal challenge
FirstFT: US and UK seal first deal of Donald Trump’s trade war
Also in today’s newsletter, Trump proposes to raise income taxes on wealthy Americans, and UK law firms increase bonuses for juniors working long hours
Letter: VE Day had different resonance for those behind Iron Curtain
From Romas Kinka, Anglo-Baltic Information Consultancy, London E9, UK
Letter: Reeves needs more than Wall Street cheerleading
From Mia Tran, Granville, OH, US
Letter: Um . . . er . . . like
From AJ Bekker, Nieu-Bethesda, Eastern Cape, South Africa
China’s He Lifeng: Xi’s ally leading trade talks with US
Vice-premier with close links to leader seen as ‘more difficult interlocutor’ for Washington
US pushes financial regulators to backtrack on climate risk project
Effort to weaken Basel committee task force comes as Trump administration steps back from environmental issues
WeTransfer co-founder Damian Bradfield loves the macabre, Monster Munch and Cillian Murphy’s hair
Life in Amsterdam hasn’t taken away the creative’s taste for beige British foods
Milken’s behind-closed-doors tension
Plus, the competitors circling BP, and WeightWatchers files for bankruptcy
Transcript: The US-UK trade deal
Marc Filippino talks to Aime Williams
Are you falling foul of IHT gifting rules?
HMRC hasn’t changed its gift exemptions for more than 40 years. But there are ways to avoid tax
‘Lawfare’ in Spain: the cases against the Sánchez family
Socialist premier suggests judges colluded with rightwing politicians to go after his wife and brother
Power prices surge in Portugal as it suspends Spain link after blackout
Lisbon paused imports from its neighbour ‘as a precaution’ after catastrophic blackout on April 28
Military briefing: India and Pakistan test red lines of nuclear rivalry
Clashes have been carefully calibrated since they became atomic powers. But the informal rules are fraying
Big Tech covets an old-world status symbol: long-term debt
Google parent Alphabet is one that has spied the allure of Europe’s reverse Yankee bonds
Postcard from Tokyo: the romance of heavy industry by night
‘Kojo yakei’ cruises offer the chance to see oil refineries, chemical plants and steel works as dusk falls
Substack gets ‘Trump bump’ as subscriptions soar
Online publishing platform adds more than 1mn subscribers since US election amid influx of high profile content creators