Chinese chip champion CXMT soars 466% in market debut
Tech group briefly becomes China’s most valuable listed company in mainland’s biggest IPO since 2010
Oil falls more than 7% as Iran and US pause strikes over Strait of Hormuz
Brent lower after two weeks of escalating violence had pushed crude to more than $100 a barrel
DCC board backs contentious £5.75bn private equity takeover
KKR and Energy Capital Partners bid recommended despite objections from large shareholders
How tight is the labour market?
The data is equivocal
FTAV’s further reading
Morticians; the Dodgers; investment; GitHub; the Evening Standard; Kraken v Mazars; asteroids; Elon Musk; and area man news
Shein slumps to loss ahead of planned Hong Kong listing
US and EU trade tensions hit fast-fashion retailer’s profits
Portugal’s first lobbying law faces immediate test
Also in this newsletter: Belgium pushes back on Dutch calls to cut Sierra Leone aid over drug fugitive
Hedge funds grow at the fastest rate ever
Plus, Wall Street balks at Trump Media charges, Asian private credit’s slump and Whistler at Tate Britain
The sting in the tail of Japan’s lost decades
Bond market pressure is rising as Tokyo runs out of easy policy choices
FirstFT: US AI companies pour money into lobbying
Also in today’s newsletter: EU in sanctions rethink and ‘forever chemicals’
China’s industrial profits grow at slowest pace this year
Official data highlights uneven earnings rebound among manufacturers
Indonesia’s central bank chief resigns
Perry Warjiyo had been under pressure over weakening rupiah
The best of TV and streaming this week
Partridgean docudrama ‘Pompeii: Out of Time with Tom Hiddleston’, comedy thriller ‘Ride or Die’ and more. Reviews by Louis Wise and Rebecca Nicholson
BoE expected to hold rates despite jump in oil prices
Consumer inflation has undershot expectations for three successive months
Transcript: Hike or hold — Investors split ahead of Fed decision
Victoria Craig talks to Claire Jones and Joseph Cotterill
UK lenders accuse Bank of England of ignoring Wall Street’s capital edge
Study estimates differences mean British banks carry £22.5bn extra capital burden relative to US rivals
AI companies spend record sums on Washington lobbying
Rising expenditure from OpenAI, Anthropic, Google and Microsoft reflects growing battle over federal policy
Greek shipping carve-out on Russia sanctions prompts EU rethink
European officials seek ways to curb veto tactics in negotiations
France raises questions over UK participation in EU’s €5bn tech start-up fund
Debate over British role shows strained relations during UK-EU ‘reset’ negotiations
Palantir tool has not cut hospital discharge delays, study says
Think-tank’s findings likely to add to calls for audit of NHS England claims around Federated Data Platform
Beware holographic markets
Tokenised securities are mirror images of the real thing but pose new risks
Where Trivet and Labombe co-founders Jonny Lake and Isa Bal eat in London
The chef and sommelier share why they love à la carte dining — and reveal their favourite places to enjoy it across the city
The new premium product: books written by people
Some publishers think AI could not only help authors but replace them
Richard Dadd — the singular Victorian painter caught between fantasy and delusion
The hallucinatory and sobering Royal Academy show is London’s first retrospective of the artist in 50 years