Trump threatens 100% tariff on chips with carve-out for Apple
President says tech companies can avoid the levy by investing in US manufacturing
Toyota warns it will take $9.5bn hit from Trump tariffs
The Japanese automaker revised down its annual profit forecast despite record sales
FTAV’s further reading
Sudan; Turkey; China; Bethnal Green; Lambeth: AI; and acid
Here’s 1,000 words about Tesco’s birthday cake sandwich, none of which concern how it tastes
Blog of saddos: Cakewich 2
The Buffett premium
And worried Wall Street strategists
Transcript: The cold war guru whose warnings on Russia still stand
Gideon Rachman talks to Edward Luce
Samsung to produce image sensors for Apple’s iPhone in Texas
Deal suggests South Korean company’s US investments are paying off as Trump dials up his tariff policies
China’s exports surge ahead of US tariff truce deadline
Pause in trade hostilities and reduced levies to expire next week as Trump imposes latest sweeping global measures
FirstFT: European stock revival loses steam as trade war eats into earnings growth
Also in today’s newsletter, Trump tariffs take effect and BCG consultants modelled relocating Gazans to Somalia
Trump’s new tariff regime deepens global trade war
US president’s latest ‘reciprocal’ levies hit many countries that had struck deals with Washington
The AI race
The quest for superintelligence is spurring a data centre boom, but critics question the cost, environmental impact and whether the scale is truly necessary
Lessons in Leadership
A new series examining common management challenges and featuring two case studies of executives who have encountered them, in the past and present
European boss of Lotus to leave after U-turn on UK plant closure
Matt Windle is the latest in a series of executive departures from the British sports-car maker
It takes a brave CEO to sell the company’s crown jewels
The cases of CommScope and Blade show that throwing out the baby and keeping the bathwater isn’t such a bad strategy
UK crypto investors hail regulatory changes as ‘pivotal moment’
FCA’s lifting of ban compared with ‘Big Bang’ reforms of the late 1980s
Swiss urged to bring Fifa chief off bench in Trump tariff row
Political figures want Gianni Infantino enlisted to rescue talks by opening door to White House
An insider’s guide to the Edinburgh Festival Fringe 2025
How to choose from 3,853 shows? Tastemakers pick their favourites, from James Graham’s latest play to anarchic hidden gems
The PE rainmakers down and out in London
Plus, Disney’s NFL bet and why selling prized assets could pay off
What unrestricted internet access did to Gen Z’s love life
A cautionary tale
The UK ditched its Rwanda plan. The EU is reviving it
Majority of European capitals now back outsourcing asylum outside the bloc
The kernels of truth in reports of a millionaires’ exodus
We do not know exactly how many people are leaving, but the corroborating evidence is mounting up
BCG consultants modelled relocating Gazans to Somalia
Cost estimates of moving Palestinians to five destinations were included in project on postwar plans
Millet at the National Gallery — the ‘peasant’s peasant’ whose art was anything but naive
How the painter inspired Van Gogh and Pissarro — and exasperated the bourgeoisie
Wednesday season 2 — Netflix’s gothic hit returns with killer crows and bigger stars
Steve Buscemi and Joanna Lumley join a cast led by an excellent Jenna Ortega, reprising her role as the dour Wednesday Addams