Commodities powerhouse Indonesia to tighten export controls
Move set to shake up world’s largest exporter of palm oil, thermal coal and nickel
Deputy UK ambassador leaves Washington post
Move threatens fresh turmoil at Britain’s most important embassy
Transcript: AI Labs — Sam Altman may make or break OpenAI
Murad Ahmed talks to Madhumita Murgia and George Hammond
UK inflation fell to 2.8% in April despite Middle East energy shock
Bigger than expected decline comes as BoE weighs response to effects of Iran conflict
China’s Xi warns of ‘law of the jungle’ in Putin meeting
Russian and Chinese leaders meet days after Donald Trump’s Beijing summit
FTAV further reading
Long bonds; BDCs; pensions; Colombia; LA; biotech; credit; alpha; radio
Why the BoE will not ride to the rescue in gilts
Plus, Asian chipmakers
Is Nvidia too big to fail?
‘You’re clearly at the centre of everything’
How AI turbocharged Trump’s ‘slopaganda’ machine
US president’s stream of fake imagery on Truth Social is reshaping the boundaries of political communication
Europe grasps new reality with Putin envoy and US military replacement
Also in this newsletter: EU closing in on deal to make it easier to detain and deport migrants
Global EV and hybrid sales to hit 30% of car market this year, IEA forecasts
Driver response to rising fuel prices and lower vehicle costs expected to propel sales
FirstFT: Merkel or Draghi as EU’s Putin whisperer?
Also in today’s newsletter: Morgan Stanley staff phones and European defence
AI Exchange
In this monthly series, running alongside our existing Tech Exchange dialogues, FT journalists talk to the scientists, developers and business leaders exploring ever more applications for artificial intelligence, in every aspect of our lives
Introducing: The Story of Money
A new video podcast from The FT exploring the history of finance
To the moon: SpaceX’s generational payday
Who’s positioned for a windfall from the listing, and why it’s historic in more ways than one
Stock investors are high on hope and low on cash
There is plenty of opportunity for minor and major snafus given the S&P 500’s reliance on AI-driven companies
EU mulls Merkel or Draghi as possible Putin whisperer
Momentum gathers for Europe to appoint its own representative as US-led talks on Ukraine stall
Marc Rowan accused of misusing Apollo resources for political work
Chief executive of private capital group used company email and staff for lobbying, unions say
Recipe: A go-to chicken marinade for barbecue bliss
Singburi’s buttery, spicy chicken thighs are the answer to warm weather hosting
Merger spirits could lift the UK’s languishing mid-caps
FTSE 250 index makes it well suited to active investing — and opportunistic dealmaking
Museums get the spoils in private philanthropy overdrive
David Sainsbury’s £90mn gift to the Sainsbury Centre is the latest in a series of hefty cultural donations
UK housebuilders suffer £8bn hit from Iran war
Share prices have fallen sharply as hedge funds bet the industry will bear the brunt of the economic fallout
Big Europe and Asian private equity health funds merge to defy AI disruption
Global Healthcare Opportunities and CBC Group say $21bn investment manager will be world’s largest in sector
The Gulf crisis may just be starting
Oil futures markets are sanguine, but history shows expectations have often been disappointed