Global security concerns remain high with US-Iran relations in focus, China's stance on arms supplies, and the economic fallout from the Middle East conflict, including fertilizer shortages and European defense spending increases.

• Morgan Stanley issues China-only iPhones to its Hong Kong bankers — Financial Times -
• FirstFT: Trump claims Xi promised not to send weapons to Tehran — Financial Times -
• Trump claims Xi will not arm Iran as strike threat looms — Financial Times -

• America needs to put the renminbi back on the international agenda — Financial Times -
• Israeli ultranationalist minister claims ICC is seeking his arrest — Financial Times -
• Inflation Fears Cloud G7 Economic Agenda as Iran War Persists — The New York Times Business -
• Putin and Xi to discuss huge gas project at China summit — Financial Times -
• Xi told Trump that Putin might ‘regret’ invasion of Ukraine — Financial Times -
• EU explores fertiliser stockpiling as food crisis looms — Financial Times -
• Deutsche Bank fined by UK for breaching Russia sanctions — Financial Times -
• Sweden selects French navy frigates in €3.7bn deal in blow to UK’s Babcock — Financial Times -
• America’s ailing one-trick pony — Financial Times -
• Japan and Korea deepen ties as energy crisis escalates — Financial Times -
• UK job vacancies tumble to five-year low as Middle East conflict hits hiring — Financial Times -
• EU braces for fertiliser squeeze triggered by Iran war — Financial Times -
• Trump says he is holding off attack on Iran planned for Tuesday — Financial Times -
• The US and China crave hegemony without responsibility — Financial Times -
• Iran stockpiles oil on ageing tankers anchored in the Gulf — Financial Times -
• Israel seizes 1,000 sq km under Netanyahu’s war strategy — Financial Times -
• Inside a Lebanese village under Israeli occupation — Financial Times -
• Catastrophe Is Emerging in the World’s Most Vulnerable Places — The New York Times Business -

AI innovation continues to reshape industries, from Google's revamped search and major tech IPOs to regulatory debates in China and significant investments in AI infrastructure by firms like Blackstone and Analog Devices.

• China Wants A.I. to Flourish, but Not at the Expense of Jobs — The New York Times Business -
• The stock market that outpaced Nasdaq’s dotcom-era gains — Financial Times -
• In Musk vs. OpenAI, the Real Winner Was the Suit — The New York Times Business -

• Analog Devices to Buy Empower Semiconductor for $1.5 Billion — Wall Street Journal -
• ‘The Future of Truth’ Contains Quotes Made Up by A.I. — The New York Times Business -
• Wall Street prepares for boom in tech IPOs after Cerebras’ success — Financial Times -
• Powered by A.I., Google Changes Its Search Box for the First Time in 25 Years — The New York Times Business -
• Peter G. Neumann, Who Warned of Computer Security Risks, Dies at 93 — The New York Times Business -
• As OpenAI Celebrates Court Win Against Musk, Other Challenges Lie Ahead — The New York Times Business -
• A FOMO Moment for Mythos — The New York Times Business -
• The Art of War, Elon Musk Edition: How to Lose a Lawsuit and Still Claim Victory — Wall Street Journal -
• KPMG Taps Anthropic to Revamp Global Tax, Advisory Platforms — Wall Street Journal -
• A $420bn mega-merger for AI’s next-era dominion — Financial Times -
• Google DeepMind’s Demis Hassabis emerges as early Anthropic investor — Financial Times -
• NHS plans to scale back recruitment drive and use AI to avoid ‘financial ruin’ — Financial Times -
• Google makes chip push with Blackstone-backed AI cloud group — Financial Times -
• Google and Blackstone to Create New AI Cloud Company — Wall Street Journal -

Company performance shows mixed results, with Cava's revenue climbing and Toll Brothers' home prices rising, while Home Depot's profit dips and retailers like Target face challenges, alongside strategic moves by Berkshire Hathaway and Chanel's expansion in China.

• Cava Revenue Climbs as Traffic Grows — Wall Street Journal -
• Toll Brothers Says Its Average Home Prices Back Above $1 Million — Wall Street Journal -
• Berkshire Hathaway Rekindles Its Tortured Love Affair With Airlines — Wall Street Journal -

• United Airlines Expects an Uptick in Summer Travelers — Wall Street Journal -
• Home Depot Posts Lower Profit as Homeowners Hold Off on Large Projects — Wall Street Journal -
• ArcelorMittal Sells $667 Million Stake in Vallourec to Boost Shareholder Returns — Wall Street Journal -
• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Emails Show How Lululemon’s Peace Treaty With Its Founder Fell Apart — Wall Street Journal -
• Chanel to open more stores in China as new designer stirs ‘Blazy mania’ — Financial Times -
• Wendy’s is a prime candidate for the Nelson Peltz activist special — Financial Times -
• Stockpicker Nick Train receives £9mn payout despite plunge in profits — Financial Times -
• Banana Republic Taps PVH’s Donald Kohler as CEO — Wall Street Journal -
• This Manufacturing CEO Once Spurned Venture Capital. Now He’s Taking $110 Million. — Wall Street Journal -
• Starbucks Korea CEO Fired Over ‘Tank Day’ Ad Evoking Country’s Brutal History — The New York Times Business -
• IG Group Shares Hit All-Time High on Guidance Raise — Wall Street Journal -
• Target Names a New Supply-Chain Head as It Struggles With Weak Sales — Wall Street Journal -
• Diploma Shares Climb After Guidance Lift, Higher Earnings — Wall Street Journal -
• Lloyds targets data centre boom with US expansion — Financial Times -

Inflation fears are driving bond yields to their highest since 2007, prompting central banks like the Bank of Japan to consider rate increases, amidst warnings of stock market correction risks and fluctuating economic indicators globally.

• Bond Yields Hit Highest Level Since 2007 as Inflation Fears Set In — The New York Times Business -
• Investors warn of ‘correction’ risk as high-flying stocks defy bond gloom — Financial Times -
• Bank of Japan to move ahead with a rate increase in June — Financial Times -

• Fourth time’s the charm for stock bears? — Financial Times -
• For the ECB, the only way is up — Financial Times -
• Solid GDP data supports Bank of Japan’s June rate rise — Financial Times -
• The US is still being paid to borrow — but only just — Financial Times -
• US interest rates most likely on a prolonged hold — Financial Times -
• Worries on gilts point to wider bond market vulnerabilities — Financial Times -

Electric vehicle adoption is spurred by Tesla's Semi Truck and Stellantis's new EV production, countered by proposed annual fees for EVs and rising energy costs impacting utility megadeals, as the UK grapples with future energy prices and climate change infrastructure needs.

• Nearly all UK homes will overheat by 2050 without ‘critical action’ — Financial Times -
• Power from Sizewell C will be more expensive than Hinkley Point, says UK watchdog — Financial Times -
• To Cash In on Solar Stocks, Look for Trade Barriers — Wall Street Journal -

• Tesla’s Semi Truck could Jolt the Trucking Industry — The New York Times Business -
• Bipartisan Bill Would Impose New Annual Fee on Electric Vehicles — The New York Times Business -
• Amazon E-Bikes Take Root in Manhattan and Brooklyn — The New York Times Business -
• Rising Energy Costs and Data Centers at Heart of NextEra’s Dominion Bid — The New York Times Business -
• German government launches Uniper privatisation four years after rescue — Financial Times -
• Driving an Electric Vehicle Could Cost You an Extra $130 a Year — Wall Street Journal -
• Stellantis to Start Production of New Small EVs in Italy — Wall Street Journal -
• Energy price cap to rise less than initially forecast — Financial Times -
• Statkraft to Invest $8.6 Billion in Norwegian Power Generation — Wall Street Journal -
• The Biggest Challenge of a Utility Megadeal: Regulators — Wall Street Journal -
• Electric ships and trucks to buoy battery boom, says China lithium boss — Financial Times -

The Trump administration is making headlines with controversial immunity for allies and fund creation, a DOJ price-fixing accusation, and political maneuvering around the upcoming midterms and defense spending fueled by hypersonic dreams.

• Trump and sons granted ‘forever’ immunity from existing tax audits — Financial Times -
• DOJ Accuses Four Manufacturing Firms of Fixing Shipping Container Prices — Wall Street Journal -
• Trump endorses ‘Maga warrior’ Ken Paxton in Texas Senate run-off — Financial Times -

• Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects — The New York Times Business -
• Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’ — The New York Times Business -
• Justice Dept. Sets Up $1.8 Billion Fund That Could Funnel Money to Trump Allies — The New York Times Business -
• The $50 Million Rocket Deal Fueled by Trump’s Hypersonic Dreams — Wall Street Journal -
• Vance and the race to succeed Trump — Financial Times -
• Submit your questions: Is Trump’s economic agenda working? — Financial Times -
• How Zyn Became All the Rage Inside Trump World—Including With RFK Jr. — Wall Street Journal -

The UK government is intervening in supermarket food prices, considering an 'oligarch premium' on luxury homes, and facing significant infrastructure costs like HS2, while addressing pension savings shortfalls and labour market shifts.

• UK Treasury pushes supermarkets to cap food prices — Financial Times -
• UK considers levying ‘oligarch premium’ on overseas buyers of expensive homes — Financial Times -
• Shapps broke rules on ministerial appointments with role at military tech start-up — Financial Times -

• ‘Married at First Sight’ allegations shock UK TV industry — Financial Times -
• Reform UK unveils candidate to challenge Andy Burnham in by-election — Financial Times -
• How will Andy Burnham pay for his plans for the UK? — Financial Times -
• UK police probe child sexual abuse claims after Epstein revelations — Financial Times -
• HS2 to cost up to £102.7bn, government admits — Financial Times -
• The Labour Party’s attitude to Brexit is like the country’s view of church — Financial Times -
• UK labour market March data bolsters the case to hold for now — Financial Times -
• Why politicians struggle to read the public on immigration — Financial Times -
• Labour’s lack of intellectual rigour has returned to bite it — Financial Times -
• Millions of Britons not saving enough for retirement, warns Pensions Commission — Financial Times -
• Belfast Harbour unveils £1.3bn growth plan in bid to rival Dublin — Financial Times -

High-profile legal cases include the arrest of the Mango founder's son in connection with his father's death, maintenance lapses flagged in a fatal plane crash, and a resolution to the Long Island Rail Road strike, alongside allegations rocking the UK TV industry.

• Maintenance Lapses Flagged in Lead Up to Fatal MD-11 Crash — Wall Street Journal -
• Mango Founder’s Son Accused of Playing Role in Father’s Death — Wall Street Journal -
• Blue Owl Co-Founder Sells Stake in Washington Commanders — Wall Street Journal -

• Son of billionaire Mango founder released after detention over father’s fatal fall — Financial Times -
• Son of Mango Fashion Chain’s Founder Is Arrested as Suspect in His Death — The New York Times Business -
• Former Spanish PM Zapatero targeted in corruption probe — Financial Times -
• The rise and fall of the Madoff of manuscripts — Financial Times -
• Deal Is Reached to Resolve Long Island Rail Road Strike — Wall Street Journal -
• Booming Expedition-Cruise Business Grapples With Fallout From Hantavirus Outbreak — Wall Street Journal -
• Long Island Rail Road Strike: What to Know — Wall Street Journal -

Nostalgia for popular toys like Tickle Me Elmo emerges alongside contemporary cultural trends like Gen Z's interest in jazz clubs, and evolving consumer preferences for "no seed oil" products, reflecting a diverse lifestyle landscape.

• Yáng Shuāng-zi and Lin King win the International Booker Prize — Financial Times -
• Tickle Me Elmo and the ‘Elmo-Mania’ That Consumed America — The New York Times Business -
• Greg Hyman, Co-Creator of Tickle Me Elmo, Dies at 78 — The New York Times Business -

• Broadway’s ‘Giant,’ With John Lithgow as Roald Dahl, Turns a Profit in 10 Weeks — The New York Times Business -
• The best exhibitions to see in London this weekend — Financial Times -
• Calls for ‘No Seed Oil’ Push Companies to Order Up Butter and Beef Tallow — The New York Times Business -
• Calls for ‘No Seed Oil’ Push Companies to Order Up Butter and Beef Tallow — The New York Times Business -
• Why Gen Z is packing out Paris jazz clubs — Financial Times -