Once a symbol of resistance, the Asafo military flag is flying once again
As radical as they are radiant, the Ghanaian banners are now highly collectible
Europe re-arms as US slows defence spending
Washington remains world’s largest military power but European capitals spend more than before, says IISS
FirstFT: Zelenskyy urges US to see through Russia’s ‘games’
Also in today’s newsletter: Trump administration implements new 10% tariff, and Moody’s raises questions about AI data centre accounting
European leaders gather in Kyiv as US hangs back
Trump administration sends no senior officials to fourth anniversary of Russia’s full-scale invasion
Splinter bid pinpoints that bidding side hold vast majority of available points
Thin slam makes easily on one lead; proves much more challenging on neutral trump beginning
Lib Dems push for full disclosure around hiring of former prince Andrew as trade envoy
Party will use parliamentary device to push for release of files relating to his appointment in 2001
Russia targets Telegram as rift with founder Pavel Durov deepens
Kremlin steps up curbs against messaging app and promotes a state-backed rival
Labour fights for its soul in Manchester
Party’s historic power in Gorton and Denton will not stop towns of ‘underpromised ambition’ from demanding change
Mirror mirror on the wall, what is the most shorted stock of them all?
The answer probably won’t surprise you
Etihad boss says tariffs more disruptive to airline than conflict
Antonoaldo Neves likens situation to snowstorms disrupting traffic for several days
Panama hands canal ports control to Maersk and MSC after ejecting Hong Kong group
Shipping companies to temporarily operate terminals after Supreme Court ruling against CK Hutchison
China slams dozens of Japanese companies with export curbs
Beijing bans shipments of critical ‘dual-use’ goods in latest escalation of row with Tokyo
Mandelson released after arrest on suspicion of misconduct in public office
UK peer under investigation after relationship with Jeffrey Epstein revealed in US justice department documents
StanChart launches $1.5bn buyback weeks after finance chief’s exit
Asia-focused bank’s stock was hit by departure of Diego De Giorgi, who had been seen as in contention for CEO role
The Citrini fuss exposes a market looking for an excuse to fall
Fear > insight
FTAV’s further reading
AI and public finance; AI grudges; gold; child soldiers influencers; inflation expectations; curling physics; women’s clothes
Hungary veto of €90bn loan casts shadow over von der Leyen’s Kyiv visit
Also in this newsletter: Brussels launches new initiative to fight foreign interference
Global regulation, the best is yet to come
Rules < rulers
Rolls-Royce propels the case for thoughtful subsidies
So ingrained is the habit that dishing out subsidies now levels, rather than distorts, the playing field
The Mountain matches the peaks of early Gorillaz albums
Damon Albarn and Jamie Hewlett’s cartoon band head to India in new record themed around death and the afterlife
The cyber security threat inside your car
Built-in vulnerabilities in high-end vehicle components raise the risk of both espionage and sabotage
Investors back European start-ups building low-cost air defence
Drone warfare in Ukraine has exposed the limits of legacy equipment that was designed for different threats
Transcript: The war in Ukraine, four years later
Marc Filippino talks to Anne-Sylvaine Chassany and Ben Hall
Centerview puts its sleep lawsuit to bed
The Wall Street firm settled a case brought by a sacked junior banker over her sleep needs