Apple CEO Tim Cook to hand over to John Ternus in September
Head of hardware to become next chief executive while Cook will become chair of the iPhone maker
How Orbán’s loss paves way for EU to reopen talks on Israel sanctions
Also in this newsletter: Farming under fire in Ukraine
Will China get richer before it gets much, much smaller?
Demographic dataviz
MSCI boots Indonesian tycoon-owned stocks from indices
Index provider delays decision on whether to downgrade south-east Asia’s largest economy to frontier market
FirstFT: Apple picks next CEO
Also in today’s newsletter: Iran war and Gaza reconstruction
Bank of England will only raise rates amid a severe supply shortage
Read the April forecast from the FT’s Monetary Policy Radar team
Global clean power growth points to permanent shift, analysts say
Evidence grows of structural move away from fossil fuels to meet electricity demand
The big short meets private credit
Wall Street banks have started trading credit default swaps against private credit funds run by Blackstone, Apollo and Ares
EQT and Omers to lift funding for struggling broadband group to €5bn
Funding plan comes after investors failed to find new backer to inject cash into debt-laden German provider
Courageous or shrewd marketing? Luca Guadagnino’s The Death of Klinghoffer in Florence
The filmmaker’s staging of John Adams’s opera, about the murder of a Jewish tourist by the Palestinian Liberation Front, is less daring than it sounds
Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending
Transcript: MPs chastise Starmer over Mandelson scandal
Marc Filippino talks to Lucy Fisher and Antoine Gara
Will social media addiction go the way of cigarettes?
Smoking among the rich has declined dramatically — and digital dependency could follow a similar pattern
Selling Poland’s gold reserves to buy arms is a ‘mirage’, minister warns
Andrzej Domański is opposed to a plan pushed by the country’s president and central bank governor
Tackling energy security can no longer be put off
The Middle East war should accelerate a shift to renewable power sources
Too late to turn to Europe?
How Keir Starmer’s Brexit reset ran out of road
Babcock’s cheaper warships offer the Royal Navy hope
The UK defence company is building Type 31 frigates quickly at Rosyth to fill an awkward gap
Sotheby’s strikes $100mn debt deal with KKR backed by auction fees
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi
JPMorgan to invest in Europe and UK in expanded $1.5tn security initiative
Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding
Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction
Proposal examined having Emirati company manage supply chains and logistics as part of US plan for devastated enclave
In the age of AI, recruiters need to rethink their jobs
The more upmarket the staffing service, the better the chances of weathering the change
Thom Tillis: the Republican blocking Donald Trump’s pick for Fed chair
The outgoing North Carolina senator is refusing to back down in fight over president’s probe into Jerome Powell
Ed Davey tells frustrated Lib Dem MPs the party will ‘keep winning’
Critics say leader fails to offer policies that grip the popular imagination
Top US insurance regulator warns of risks from push into private markets
‘Less appropriate’ investments have grown since arrival of Apollo and other private capital groups, warns watchdog