Wary China braces for Trump’s visit
Sceptics associate American president with turmoil and cast doubt over Sino-US relationship reset
What is the future of UK politics? Submit your questions
Our Ask an Expert Q&A with Stephen Bush, Miranda Green and Robert Shrimsley will now take place on Thursday 14 May at 1pm (BST)
FirstFT: JPMorgan reshuffles its top bankers
Also in today’s newsletter: Sam Altman takes the stand in the OpenAI trial and Trump flies to Beijing
Made in Sarajevo – the Bosnian craft boom
Meet the people trying to safeguard centuries of skills
Food companies hit by Trump administration’s cuts to benefits
US consumer demand drops after households lose access to federal Snap subsidy programme
Scrapping quarterly earnings is a procrastinator’s dream
US chief executives should be wary of putting their own convenience ahead of transparency
An art-and-craft lover’s guide to Patmos, by Leda Athanasopoulou
The interior designer shares her secret address book
Vistry’s shares plunge as discounted house sales erode profit
UK housebuilder warns first-half profits will drop significantly as it slashes home prices to generate cash
GameStop makes big bet that governance doesn’t matter
With his offer rebuffed by eBay, the ball is now in GameStop boss Ryan Cohen’s court
BYD says ‘flash charging’ tech will help its EVs compete with petrol models
Chinese group’s technology allows electric vehicles to be charged in as little as five minutes
Labour’s wishful thinking problem
Accepting a world of economic trade-offs is crucial for the country’s future
Starmer’s failure to lead makes his downfall inevitable
While cabinet ministers publicly back PM, others are losing patience with policy delay and lack of direction at the top
SoftBank profits surge on $25bn gain for OpenAI stake
Japanese group books net income of $11.6bn in fourth quarter, vastly ahead of analyst expectations
IEA warns of further ‘price spikes’ as oil inventories plunge
Iran war has cut into oil consumption but not enough to halt ‘rapid’ draw on inventories
Intertek set to agree £10.6bn takeover by private equity group EQT
Sweden-based buyout firm made ‘final’ offer of £60 a share for UK company
Defence tech start-up Anduril doubles valuation to over $60bn
Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit
King announces Starmer’s agenda as PM fights to stay in power
Prime Minister met potential leadership rival Wes Streeting ahead of King’s Speech
Transcript: Why money is the biggest shared hallucination in human history
Gillian Tett and Robin Wigglesworth talk to macroeconomist and author Felix Martin
India more than doubles tariffs on gold imports
Government wants to curb non-essential imports to protect the rupee
Disinflation disappears
Plus, UK gilts
Bank stocks under pressure after Australia targets property investors
Commonwealth Bank slides 10 per cent amid budget changes and darkening economic outlook
FTAV’s further reading
Denethor’s tomato scene immortalised in plastic bricks; Polymarket’s odds calculated; America’s ailments diagnosed; Schliemann’s legacy destroyed;
Rich northern states demand strict rule-of-law conditions for next EU budget
Also in this newsletter: EU edges closer to a social media ban for children
Miami got NYC’s billionaires. Will it get their businesses?
Wall Street South vs Wall Street North