In praise of tech troublemakers
As CEOs refuse constraints, workers feel a responsibility to prevent AI’s most dangerous uses
ECB holds rates but signals June rise on the table
Central bank debated whether to raise rates at this meeting but wants more time to assess Iran fallout
The best theatre shows to see in London and beyond
Yen soars amid reports that Tokyo intervened to support currency
Japan’s finance minister had issued ‘final’ warning to speculators
How cyber security is changing in the age of AI
The advantage will go to the organisations that can pivot to understanding that the economics of cyber crime have completely changed
Strong first-quarter US GDP data does not support further easing
PCE inflation rose strongly and GDP figures showed no signs of a let-up, bolstering the case for caution at the Fed
Oil falls back after surging to $126 on supply fears
Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading
King Charles’s truths to power
Cicero would have applauded the royal message for the US president — even if JD Vance held back
ECB holds interest rates at 2% as inflation rises
Policymakers warn risks to economy from energy shock driven by Middle East conflict have ‘intensified’
Bond investors brace for ‘volatile’ Fed transition as Powell stays on
Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers
New era begins at Fed as Powell vows to be ‘low profile’ governor
Also in today’s newsletter, political violence in the US isn’t just rising — it’s broadening
Golders Green stabbing suspect was previously referred to Prevent
Two Jewish men injured in knife attacks in north London
Eli Lilly profits more than double as weight-loss drug sales soar
First-quarter sales of medication Zepbound increased 80 per cent to $4.2bn
How the Trump-Xi threats of trade war softened into a quieter rivalry
The forthcoming US-China leaders’ summit will be much less fraught than the last one
Bank of England holds rates at 3.75% but says ‘ready to act’
Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy
Bridge: substantial overbid requires determined and skilful play to land slam following best lead
Suit establishment via ruffing finesse proves superior to relying on ‘sure thing’ finesse
Devastating drama Mass confronts the aftermath of a school shooting
Two sets of parents meet for an attempt at restorative justice in Fran Kranz’s deeply human play at London’s Donmar Warehouse
LIV Golf races to secure financial lifeline as Saudis walk away
Lossmaking tour confirms it is seeking backers as PIF prepares to cut losses at end of season
Should you be worried about private credit? You asked, we answered
John Foley and Sujeet Indap of the FT’s Lex column replied to reader questions
The problematic inevitability of Andy Burnham
Labour’s assumptions about its leader-in-waiting are logical but no guarantee of success
Blue Owl draws in $9bn as private credit market cools
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
Is AI increasing access to justice?
A steep increase in ‘vibe litigation’ appears to be expanding the market for legal activity
Bank of England sets stage for extended hold on interest rates
BoE scrapped its central scenario for first time since pandemic
More than 50 countries agree to work on trade measures to cut out fossil fuels
Deals between buyers and suppliers of green energy or technologies among proposed climate solutions