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[EN] Financial Times

Letter: Europe’s challenge is to turn leverage into diplomatic power

From Guy Ward-Jackson, Senior Policy Analyst — Science & Technology, Tony Blair Institute for Global Change, London W11, UK

Letter: Trump’s whack-a-mole approach to trade policy

From Richard Wright, London NW8, UK

Letter: Visionary idea for Ghana’s ageing cocoa farmers

From Ella Gudwin, CEO, VisionSpring, New York, NY, US

Letter: Chinese universities’ rise in rankings no longer a given

From Professor Chris Rowley, Kellogg College, University of Oxford, and Bayes Business School, City St George’s, University of London, UK

China targets GDP growth of 4.5-5%

Target given at annual meeting of parliament as China prepares to release new five-year plan

Trump had ‘feeling’ Iran was going to attack US interests, White House says

Tehran slams US president’s reasoning for launching ‘illegal war . . . on behalf of Israel’

Plunge in South Korean stocks saps an astounding market ride for now

It will take time for a durable equity base to be formed after momentum has been broken

BBC to urge ministers to end political board appointments

Consultation response comes as national broadcaster seeks to secure greater institutional independence in next royal charter

Isa millionaires outnumber lottery millionaires, new study claims

Figures highlight the popularity and success of the tax-free investment wrapper

Can Nvidia’s margins last?

Chipmaker’s symbiotic relationship with TSMC has been lucrative but it is also a key vulnerability

FT Crossword: Number 18,310

Musk battles Twitter market manipulation case in court appearance

Billionaire says tweet that sparked lawsuit ‘may not have been my wisest’

Obesity jab users show lower risk of alcohol and drug addictions

Researchers find people who take GLP-1s are less prone to substance use disorders

UK to further curtail rights of asylum seekers

Home Secretary Shabana Mahmood will tighten rules on access to accommodation and financial support

US congressional panel votes to subpoena Pam Bondi over Epstein files

Republicans join Democrats in effort to force attorney-general to answer questions over handling of documents

Beige Book shows US prices still rising

Further increases from Iran blowback add to pressure for Fed to stay on hold

Trump tells AI companies they need ‘PR help’ over data centre backlash

The president accepts that AI infrastructure building has angered voters as he urges companies to absorb energy costs

Bitcoin and crypto stocks surge amid relief rally for risky assets

Trump’s insistence that ‘we are not going to allow’ banks to undermine crypto legislation also boosts sector

FirstFT: US submarine sinks Iranian warship off Sri Lanka coast

Also in today’s newsletter: South Korean stocks hit hard, and Australian state enshrines remote working into law

Rate of Iranian ballistic missile launches is declining, western officials say

Drop-off in firing of weapons may be a result of US and Israeli attacks on launchers and stockpiles

Owner of collapsed Brazilian bank arrested for second time

Banco Master’s Daniel Vorcaro detained amid allegations of illegal surveillance and intimidation of critics

US in talks with Iranian Kurdish militants over anti-regime operations

Iraq-based groups have asked Trump administration for intelligence, weapons and training support

Cushman & Wakefield sued over climate risk to worker retirement savings

Case could influence wider legal questions about how long-term risks apply to fiduciary duties

BIS defends its global rulemaking role against US criticism

Trump administration officials are suspicious of standards being set for American banks by a Europe-based body