FirstFT: Mortgage costs jump on Iran war
Also in today’s newsletter: Labour’s Brexit debate and German unemployment
Transcript: The Bethlehem Project — Democrats battle over their party’s future
The FT News Briefing podcast series travels to Pennsylvania to better understand life in Trump’s America
Transcript: Are we at the tipping point for global energy supplies?
Victoria Craig speaks to Malcolm Moore and Lucy Fisher
The best of TV and streaming this week
Neo-Western saga ‘Dutton Ranch’; Munya Chawawa goes ‘Wrestling with Trump’; season 2 of Jilly Cooper saga ‘Rivals; ‘Legends’ is a nail-biting Netflix thriller; Lucy Punch returns on comic form in ‘Amandaland’; ‘Widow’s Bay’ is a superb horror comedy. Reviews by Rebecca Nicholson
Anthropic to brief global financial watchdog on cyber flaws exposed by Mythos
US tech group will discuss capabilities of its new AI model with members of the Financial Stability Board
Too many young people pushed towards university, says UK government adviser
Former cabinet minister Alan Milburn to call for more funding for technical and vocational courses
Cambridge Science Park launches £3bn expansion plan
Hub for scientific and tech innovation aims to triple in size over next 30 years
European oil refiners and airlines confident jet fuel shortages can be avoided
Refiners maximise production and increase imports from US and Africa to offset loss of Middle Eastern supplies
EU plans to force companies to buy parts from non-Chinese suppliers
New rules to target chemicals and industrial machinery makers
Defence groups clamour to delay US ban on Chinese rare earth magnets
Military contractors want more time to comply with prohibition years in the making and now just months away
Donald Trump’s Iran war hits Americans with $40bn fuel bill
Extra spending on petrol and diesel exceeds cost of repairing country’s bridges or rebooting air traffic control
Jim Ratcliffe’s Ineos takes €200mn punt on chemical sector peers
Group invests in basket of company equities and tells bondholders the sector is ‘undervalued’
Transcript of an interview with Sarah Breeden
Transcript from an interview with the deputy governor of the Bank of England
UBS: the bank that outgrew a country
Switzerland says tougher capital rules are needed to guard against disaster. Executives disagree. Shareholders suggest relocation
The fate of OpenAI’s $1tn IPO will be decided in an Oakland jury room
Elon Musk’s legal challenge could derail the AI start-up’s commercial ambitions
How China enables American domination
It is a stunted financial power, leaving the US free to rule global markets
The Italianisation of Britain’s finances
Investors have watched the UK’s political flip-flopping and budgetary shortfalls with alarm
Mortgage costs rise sharply on Middle East conflict
Home loans have become more expensive in North America and Europe despite central banks keeping rates on hold
Germany goes from labour shortages to hiring freezes
Once one of the Eurozone’s strongest jobs markets, the number of unemployed has topped 3mn for the first time in 15 years
Investment firms look beyond Iran war to expand in Middle East
Asset managers and hedge funds say they remain committed to the region despite the current disruption
BoE should not be ‘trigger happy’ on rates, says top official
Sarah Breeden warns of hit to business from political uncertainty
This Little World by Nandini Das — the cosmopolitan story of Tudor England
Documenting the lives of the merchants, artists and adventurers who crossed the nation’s borders, this rich history reveals an identity that was far from insular
Why luxury brands are courting tennis stars
The style of athletes and a shifting sportswear market are turning the game into the industry’s newest obsession
The truth behind the manosphere’s ‘looksmaxxed’ interiors
The white, polished, supersized properties of Andrew Tate et al reveal something radical that even ‘The Matrix’ did not manage