UK wealth tax would backfire, warns IFS

Think-tank says the policy is not the answer to inequality and would drive internationally mobile super-rich to leave Britain

Goldman Sachs raises oil price forecast as war disruption drags on

Analysts expect Brent crude to trade at about $90 in fourth quarter, up from earlier $80 prediction

North Korea opens museum to honour soldiers killed fighting for Russia in Ukraine

Kim Jong Un and senior Moscow officials pledged to expand long-term co-operation

China warns EU over proposed ‘Made in Europe’ law

Beijing threatens unspecified retaliation over fears that bill to strengthen bloc’s industry will hurt its companies

Monetary Policy Radar preview: BoJ’s April meeting

The FT’s guide on what to look out for in Tuesday’s session

Italy approves extradition of alleged Chinese hacker to US

Xu Zewei accused of industrial espionage over suspected effort to steal Covid-19 vaccine secrets

Chip toolmaker Tokyo Electron cuts ties with executive linked to Chinese rivals

Veteran executive Jay Chen, who helped build Japanese group’s China business, left after links to start-ups surfaced

This rally runs deep

Plus, the global won

FTAV’s further reading

AI; SpaceX; UK defence policy; Hobson; deliberate mistakes; social media; and more AI

Blame game continues to fester a year on from Iberian power failure

Also in this newsletter: Could the Mercosur trade deal actually harm growth?

The UK’s 100% debt-to-GDP ratio was a statistical dream

Maybe never as high as we thought

FirstFT: Central banks set to hold rates as energy shock clouds outlook

Also in today’s newsletter: Rachel Reeves’ growth plans, and shipping climate deal at risk

The tensions behind Palantir’s efforts to transform English healthcare

Senior NHS staff divided on practical benefits of US company’s ‘not terrible, not revolutionary’ software

The Future of Marketing

Time runs out for ‘Mad Men’ as AI moves in; live sporting events offer marketers an expanding and valuable audience; online personalities offer access to a new generation of customers; marketers face risks and rewards on social media

The best of TV and streaming this week

‘Half-Man’ is a gruesome drama from the ‘Baby Reindeer’ stable; Whoopi Goldberg and Jason Schwartzman voice animated comedy ‘Kevin’; season 4 of exquisitely vicious sitcom ‘Hacks’. Reviews by Rebecca Nicholson

Prosecute Russian-sponsored saboteurs, Estonia tells Europe

Countries must do more to deter Moscow’s shadowy campaign to recruit marginalised people to carry out attacks, says Estonian spy chief

Transcript: Senior Republican clears path for next Fed chair

Sonja Hutson talks to Claire Jones and Cristina Criddle

Reeves set for new growth push after May elections

Allies of UK chancellor seek to brush off talk of upheaval amid Labour Party unrest

UK ministers resist alignment with EU’s AI rules

Officials concerned about damage to country’s technology sector and alliance with US

How ‘conflict entrepreneurs’ are inflaming US political violence

Americans are increasingly accepting of ideologically motivated crimes

Britain’s stealth fighter project faces 10-week funding deadline

BAE Systems, one of the defence groups involved, says it will ‘redeploy’ staff if longer-term funds not secured

Anthropic investors pay sharply different fees for access

Plus, Vanguard warns on prediction markets, private credit’s borrowing strain and Henry Moore at Kew

Unequal Britain can’t work out what to do about it

Regional disparities in health, wealth and education are a blight on our economy and society

Large UK companies in the dark about how their data is used overseas by AI

Survey of senior technology and data executives finds lack of understanding about how information is handled abroad