Porsche sells stake in Bugatti owner
German sports-car maker scales back EV ambitions under new boss Michael Leiters
British retail sales rose 0.7% in March as motorists stocked up on petrol
Better than expected figure underlines impact of Middle East conflict
Cohere and Aleph Alpha agree $20bn transatlantic AI tie-up
Canadian and German start-ups to focus on ‘sovereign’ AI systems independent of US and China
MPS chief considers €7.4bn Generali stake sale
The proceeds would help fund tie-up between Monte dei Paschi di Siena and Banco BPM
Transcript: Will energy security fears change the global energy market?
Soumaya Keynes talks to Daniel Yergin, vice-chairman of S&P Global and Pulitzer Prize-winning author
The dollar swap puzzle
Plus, where’s the love for clean energy?
FTAV’s further reading
Insurance; shipping; Warsh; litigation; defamation; benches; Avis; gangsters; hacking; cheating
Transcript: China Shock 2.0
Katie Martin and Robert Armstrong speak to FT’s Beijing bureau chief Joe Leahy
Strategy’s teetering financial tower
A bitcoin price reprieve can’t erase the company’s contradictions
EU must be ‘very patient’ with Hungary’s Magyar, says Tusk
Also in this newsletter: EU capitals fight over bloc’s seven-year budget
FirstFT: Poland’s Tusk casts doubt on US defence pledge to Europe
Also in today’s newsletter: MPS weighs Generali stake sale and accountancy firms end job-for-life model
Bank of Japan to postpone April rate rise amid Iran uncertainty
Read the BoJ’s April forecast from the FT’s Monetary Policy Radar team
Transcript: BP’s major setback
Marc Filippino speaks to Malcolm Moore and Jill R Shah
Banks charged sharply different fees for access to Anthropic investment
Disparate pricing raises prospect of investors earning unequal returns in the same deal on the basis of who their banker is
Polish PM questions whether US is ‘loyal’ to Europe’s defence
Donald Tusk says EU should bolster its own Article 42.7 mutual defence clause
How Swiss concessions failed to ease UBS’s $20bn capital concerns
Switzerland’s Federal Council this week laid out a compromise which set up another fight with the country’s biggest bank
Reform UK candidate was ‘diplomat’ for Hong Kong
Selection of Sheung-yuen Lee is described as ‘deeply concerning’ by one campaigner
JD Sports chair quit after failing to convince board to oust CEO
Andy Higginson stepped down this week after pushing for CEO Régis Schultz to be replaced
The limits on Bessent’s Treasury swap lines for allies
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
Europe’s M&A dreams face a German political test
Large mergers in Germany could create ‘European champions’ — but will Berlin stand aside?
Rightwing media mogul rattles France’s literary scene
Writers flee Paris publishing house Grasset in protest at conservative owner Vincent Bolloré
Consumers turn to AI for investment decisions
Gen Z and millennials the most likely groups to consult chatbots on money matters
Morgan McSweeney held talks with Google DeepMind over AI project
Former Labour chief of staff pitched venture to tech group about the crossover between artificial intelligence and democratic politics
Chinese bid for UK chemical plant condemned as threat to competition
World’s largest producer of titanium dioxide to acquire facility in North East of England