Lebanon and Israel agreeing to Washington talks and continued Iranian control over the Strait of Hormuz highlight the ongoing geopolitical tensions, while soaring US inflation, jet fuel shortages globally, and North Sea oil prices hitting record highs underscore the widespread economic fallout, impacting retail sales in the UK and India's rupee stability.

• Lebanon and Israel agree to talks in Washington next week — Financial Times -
• Opinion | Show Us the Gulf Oil Tankers — Wall Street Journal -
• JD Vance says US-Iran talks should be ‘positive’ as negotiators arrive in Islamabad — Financial Times -

• Stocks Waver Ahead of Cease-Fire Talks, but Log Big Weekly Gains — The New York Times Business -
• Iran-linked ships dominate Hormuz traffic after ceasefire — Financial Times -
• Why has the UK economy been so badly hit by the Iran war? — Financial Times -
• Ireland risks cutting off oil supply amid fuel protests, premier warns — Financial Times -
• Iran War Drives Deeper Oil Shock Than Prices Reveal — The New York Times Business -
• US inflation jumps to two-year high as Iran war ripples across economy — Financial Times -
• European stocks are the losers in the Iran war fallout — Financial Times -
• Construction Business Taking a Hit From Iran Conflict — Wall Street Journal -
• Jet Fuel Crunch Is Getting Severe With No Reprieve in Sight for Airlines — Wall Street Journal -
• Middle East conflict drains Singapore’s marine fuel supplies — Financial Times -
• Gates of Hormuz — Financial Times -
• U.S. Inflation Surged in March as Iran War Pushed Up Prices — The New York Times Business -
• Markets Have Faced a Year of Chaos and Still Done Awfully Well — The New York Times Business -
• U.S. Inflation Surged in March as Iran War Pushed Up Prices — The New York Times Business -
• The Iran War Has Prompted Some Companies to Raise Prices — The New York Times Business -
• Surge in fuel prices pushes US headline CPI sharply higher — Financial Times -
• Rare US diesel armada heads to Australia in bid to ease fuel crunch — Financial Times -
• A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers — The New York Times Business -
• Is this America’s Suez moment? — Financial Times -
• Squeezed Britain: student loans, salaries and strikes — Financial Times -
• How will the Iran war impact China? You asked, we answered — Financial Times -
• Europe Braces for a Spike in Inflation — The New York Times Business -
• I.M.F. Says Iran War Will Drag Global Growth Lower — The New York Times Business -
• Airlines Can Handle Iran Turbulence, But… — Wall Street Journal -
• European airports face jet fuel shortages within three weeks — Financial Times -
• FirstFT: Iran war to ‘scar’ markets, Wall Street warns — Financial Times -
• TotalEnergies, Aramco Refinery Shut After Being Damaged Amid Iran Conflict — Wall Street Journal -
• North Sea oil prices hit record high as Iran keeps hold over Hormuz — Financial Times -
• China’s factory gate prices rise on back of Iran war — Financial Times -
• EU boosts imports of Russian gas as Middle East crisis squeezes supplies — Financial Times -
• Iran war will leave a long-term ‘scar’ on Wall Street, investors warn — Financial Times -
• Nato split over US access to European bases in Iran war — Financial Times -
• Now would be a great time to send US ambassadors to the Middle East — Financial Times -
• Iran ceasefire undercuts Netanyahu’s election pitch — Financial Times -
• Six lessons for investors on pricing disaster — Financial Times -
• US-Iran war boosts used electric vehicle sales — Financial Times -
• What’s Happening in the Strait of Hormuz Since the Cease-Fire? — Wall Street Journal -
• U.K. Retail Sales Growth Miss Estimates — Wall Street Journal -
• India struggles to stabilise rupee as war creates depreciation pressure — Financial Times -
• Is Trump’s $300bn Ambani’s $40mn? — Financial Times -
• Oil Prices Edge Higher as Confidence in Cease-Fire Wavers — The New York Times Business -

Warsh's confirmation as Trump's next Fed chair facing delays and the Trump administration pushing the biggest noncombat ship upgrade in decades mark significant policy discussions, while concerns are raised about Trump surrendering America's moral leadership and his administration's ongoing tariff lawsuits.

• Warsh’s confirmation as Trump’s next Fed chair risks delay — Financial Times -
• Trump Administration Pushes Biggest Noncombat Ship Upgrade in Decades — Wall Street Journal -
• Trump Administration Returns to Court for Yet Another Tariff Lawsuit — The New York Times Business -

• Trump is surrendering America’s moral leadership — Financial Times -
• Trumpism has done remarkably little to the GOP’s centre of gravity — Financial Times -
• Trump’s Changes Lock Some Employers Out of H-1B Visa Program — The New York Times Business -
• The country that can’t say no to Trump — Financial Times -
• Labor Secretary Faces Civil Rights Complaints From Department Staff — The New York Times Business -
• White House Secures Foreign Steel for Trump’s Ballroom Project — The New York Times Business -

A molotov cocktail thrown at OpenAI chief Sam Altman's home highlights the sector's intensity, as cyber security stocks fall over Anthropic's advanced AI tool's capabilities, and top financial leaders express anxiety about AI's systemic risks for the banking industry.

• Molotov cocktail thrown at home of OpenAI chief Sam Altman — Financial Times -
• Trump touts Palantir’s ‘war’ role after short seller attack — Financial Times -
• Cyber security stocks fall on worries over Anthropic’s advanced AI tool — Financial Times -

• Bessent and Powell’s A.I. Anxiety — The New York Times Business -
• In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast — Wall Street Journal -
• Bessent called in US bank CEOs to discuss Anthropic model’s cyber risks — Financial Times -

Nike switching up its innovation leadership and Volkswagen ending EV production at its Tennessee plant indicate strategic shifts, while Lloyds commits to not taking legal action against the UK's car finance redress scheme, and JPMorgan prepares to become an Olympic sponsor.

• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Nike Switches Up Its Innovation Leadership — Wall Street Journal -
• Lloyds will not take legal action against UK’s £9bn car finance redress scheme — Financial Times -

• Volkswagen to End E.V. Production at Tennessee Plant — The New York Times Business -
• How Airlines Turned First-Class Seats From Freebies to a Profit Engine — The New York Times Business -
• Why Ferrari Is Unlike Any Other Luxury Brand, According to the Hosts of ‘Acquired’ — Wall Street Journal -
• JPMorgan limbers up to become Olympic sponsor — Financial Times -
• Sodexo Shares Tumble on Earnings Miss, Lowered Outlook — Wall Street Journal -
• Porsche Deliveries Drop in First Months of Year — Wall Street Journal -
• Raiffeisen Takeover Target Addiko Gets Higher Offer From Slovenia’s NLB — Wall Street Journal -
• UK’s oldest private equity firm bets on Dutch discount chain to crack US market — Financial Times -

South Africa's president linked to a covert operation to recover stolen cash and China's Xi telling Taiwan's opposition leader that unification is an 'inevitability' reflect diverse global political developments, as Ukrainian interceptors down Iranian drones in the Middle East and Canada pushes to join an advanced fighter jet project.

• South Africa president linked to covert operation to recover stolen cash, watchdog says — Financial Times -
• How VC Money and Israel Outrage Derailed a Hot Hollywood Startup — Wall Street Journal -
• Ukrainian interceptors downed Iran’s drones in Middle East, says Zelenskyy — Financial Times -

• China’s Xi tells Taiwan opposition leader unification an ‘inevitability’ — Financial Times -
• Europe braces for Hungary’s pivotal election as Orbán fights for survival — Financial Times -
• Canada pushes to join UK-Italy-Japan advanced fighter jet project — Financial Times -

The UK dropping its bill to hand the Chagos Islands to Mauritius due to US opposition marks a significant foreign policy move, as concerns persist over the NHS not improving and health officials discuss banning doctors from striking amid ongoing pay disputes.

• UK drops bill to hand Chagos Islands to Mauritius after US opposition — Financial Times -
• The NHS isn’t getting better — Financial Times -
• UK elections poll tracker — Financial Times -

• UK health officials discuss banning doctors from going on strike — Financial Times -
• Labour’s deputy warns against ‘bloody’ leadership contest to replace Starmer — Financial Times -
• What happens when the Green Party governs? — Financial Times -
• UK must act more swiftly to develop stablecoins — Financial Times -

The Pentagon's appeals against court decisions gutting press restrictions highlight ongoing battles over journalistic access, while the Justice Department opens an investigation into the NFL regarding anticompetitive tactics, and prominent media figures Fred Drasner and Bob Law pass away.

• Pentagon Appeals Court Decisions Gutting Its Press Restrictions — The New York Times Business -
• Fred Drasner, a Feisty Leader of The Daily News, Is Dead at 83 — The New York Times Business -
• Watching Sports on TV Is More Annoying Than Ever. Can the Government Help? — Wall Street Journal -

• Bob Law, Trailblazing Talk-Radio Host, Dies at 86 — The New York Times Business -
• Justice Department Opens Investigation Into NFL — Wall Street Journal -
• Judge Rejects Pentagon’s Revised Press Policy — Wall Street Journal -
• Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon — The New York Times Business -

Partners Group backing gating as private credit redemptions test liquidity indicates growing market concerns, while advisers note annuities becoming more attractive amidst inflation fears, and African governments increasingly turn to complex derivatives as debt costs rise.

• Partners Group backs gating as private credit redemptions test liquidity — Financial Times -
• Not scaring investors off is only the start — Financial Times -
• Annuities look more attractive in wake of inflation fears, say advisers — Financial Times -

• African governments turn to complex derivatives as debt costs rise — Financial Times -
• When Bill Ackman Vented Over $2 Million, Fellow Billionaires Rushed to Commiserate — Wall Street Journal -

A study suggesting political differences can affect golf performance offers a quirky social insight, as readers share their top tips for switching to an EV, and TSA lines remain shorter despite upcoming events, reflecting broader societal shifts.

• Want to Improve Your Golf Game? Play With a Political Ally — Wall Street Journal -
• The FT Alphaville Pub Quiz lands in London on May 7. Get your tickets here — Financial Times -
• Why I will always love Canary Wharf — Financial Times -

• WSJ Readers Share Their Top Tips for Switching to an EV — Wall Street Journal -
• TSA Lines Are Shorter. The World Cup and a Lengthy Shutdown Could Change That. — The New York Times Business -
• Jollof, jewellery and Ridley Road Market – Simone Brewster shares her London — Financial Times -
• Architect Sophie Hicks: my love affair with Seoul — Financial Times -