Mexico rules out extraditing politician on US drugs charges
Claudia Sheinbaum rejects ‘meddling’ and suggests accusations against senior officials are political
Jay Powell’s defiant curtain call
Kevin Warsh still needs to prove that he can stand up to the US president
Six films to watch this week
Back to the catwalk with ‘The Devil Wears Prada 2’; ‘Severance’ star Adam Scott in Irish-set horror ‘Hokum’; Belgian boxing drama ‘Wild Foxes’; Japanese chiller ‘Exit 8’; Anne Hathaway and Michaela Coel in intense two-hander ‘Mother Mary’; a CIA man reveals all in ‘The Last Spy’. Reviews by Jonathan
Wild Foxes — Belgian boxing drama targets the male psyche
A young champ in the making begins to have panic attacks in this psychologically involved film
Hokum — Adam Scott elevates Irish-set horror screaming with chutzpah
The ‘Severance’ star plays a writer holed up in an off-season hotel in this self-mocking but genuinely macabre tale
Tech rally powers US stocks to best month since 2020
Strong earnings and AI spending plans help investors shrug off fallout from Middle East conflict
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane. Explore the latest data through interactive charts
Blue Owl draws in $9bn as private credit market cools
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
US economy grows at 2% pace in first quarter as AI boom fuels investment
Rush by businesses to purchase tech equipment offsets deceleration in consumer spending
Olivia Dean has no need for spectacle in her sold-out residency at London’s O2 Arena
The Grammy-winning singer kept things casual as she performed her timeless tunes to an affectionate crowd
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending
Oil falls back after surging to $126 on supply fears
Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading
Trump launches review of US troops in Germany
Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran
Starwood real estate fund halts redemptions as bet on lower interest rates bites
Move comes after fund restricted investors’ liquidity rights two years ago
Hedge fund Elliott likens Iran war to fight against Nazis
In its latest letter to investors the hedge fund backed pre-emptive action against ‘hostile power’
Starmer vows to bring ‘full power of state’ against antisemitism
Prime minister’s pledge comes after police confirm suspect in Golders Green stabbing was previously referred to Prevent
ECB holds interest rates at 2% as inflation rises
Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’
Disney’s skirmish with Trump’s TV watchdog is no joke
The media group cannot easily afford to ditch its profitable linear networks, which limits its ability to defy the FCC
Bank of England holds rates at 3.75% but says ‘ready to act’
Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy
FT quiz: the week in news
Ten topical questions to test your news nous
The Devil Wears Prada 2 — bland new look isn’t a patch on the 2006 collection
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are together again for a flashy but less zinging reunion
Iran’s supreme leader vows to prevent ‘enemy’s abuses’ of Hormuz strait
Mojtaba Khamenei says Iranians will defend their nuclear capabilities as a ‘national asset’
In praise of tech troublemakers
As CEOs refuse constraints, workers feel a responsibility to prevent AI’s most dangerous uses
ECB holds rates but signals June rise on the table
Central bank debated whether to raise rates at this meeting but wants more time to assess Iran fallout