The question over Trump’s ‘historic’ refinery deal: $300bn or $40mn?
Reliance Industries has made no announcement to the stock exchange about the project in Brownsville, Texas
FirstFT: Trump and Iran announce 2-week ceasefire
Also in today’s newsletter: Turkey’s gold sales and French miner Eramet
The ECB is stirring memories of 2011 — not all of them good
When the central bank tightened policy in an oil shock it proved a costly error. This time might be different
US and Iran agree 2-week ceasefire that will open Strait of Hormuz
Donald Trump had warned of attacks that would threaten ‘a whole civilisation’
Transcript: US and Iran agree to two-week ceasefire talks
Marc Filippino speaks to Rachel Rees and Laura Pitel
Private equity’s secondaries magic
Last year investors ploughed a record $166bn into the funds backing ageing assets
Long Covid to cost OECD economies up to $135bn a year
New research predicts impact of lower productivity and workers quitting because of long-term illness after Covid-19
Recipe: the absolutely best ways to cook spring potatoes
Ravinder Bhogal knows her spuds and shares three recipes to make the most of the season
Turkey’s gold sales deepen bullion slump
Central bank arranged $20bn of sales and swaps in March as it battled to support the lira
When persistence prevails
After 593 monthly editions, a legend of role-playing games magazines has finally called it a day
Postcard from Assisi: my meeting with a saint
The Umbrian hill town boasts an abundance of medieval art and architecture but for many visitors, the real draw is the chance to get close to the saints themselves
Eramet’s top shareholder weighs exit as $500mn capital raise looms
Duval family hires Lazard to advise on 37% stake in troubled mining company
Perplexity revenue jumps 50% in pivot from search to AI agents
San Francisco-based start-up surges from push into more complex and potentially more lucrative AI services
The Mexican cartel stronghold preparing to host the World Cup
Guadalajara expects safe 2026 tournament after violent unrest this year
US carmakers accuse EU of blocking supersized pick-up trucks from roads
Brussels is proposing to tighten safety rules that apply to a small number of specialist imports
Freedom itself is at stake in Hungary
Sunday’s election will show if it’s possible to defeat Orbán’s illiberal democracy
How can we protect my mother’s estate after she passes away?
Her new partner lives with her and she wants to grant him the right to remain living in the property
How private equity became hooked on second-hand deals
Elite private capital firms have piled into the secondaries market as they race to attract assets
Does Gen Z fear ‘boomer’ art?
The orthodoxy of museums, galleries and critics is viewed with suspicion by new tastemakers
Still seeking the perfect white shirt? Better go bespoke
Jo Ellison gets hot under the collar
The hangover from Britain’s student housing boom
Concerns about affordability and community impact are mounting, even as purpose-built accommodation gains traction elsewhere
Hot property: five homes for sale in Pembrokeshire
From a seven-bedroom house in the ‘Picturesque’ style to an award-winning home overlooking St Bride’s Bay
Will the Iran war derail the energy transition?
Countries in Asia and Europe are turning to coal to power their economies but analysts argue solar will be a long-term winner
London Borough Yards development handed to lender amid struggle to find tenants
Scheme’s difficulties signal that fallout from pandemic is still being felt in real estate sector