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data-trackable-context-storygroup-siblings="3" class="layout-desktop--full-height"><div class="story-group-stacked story-group-stacked--hide-image story-group-stacked--show-splash-asset"><div class="story-group-stacked__primary-story"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/1ae70f6c-6651-46e4-bc14-cfd6befc1474" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F93044edb-7182-4013-b2d5-e42f5047fbdd.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F93044edb-7182-4013-b2d5-e42f5047fbdd.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F93044edb-7182-4013-b2d5-e42f5047fbdd.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="US and Ukraine sign natural resources deal " class="image image--width-280"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/ukraine" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Ukraine</span></a></div><div class="headline js-teaser-headline headline--scale-7 headline--color-black" data-content-id="1ae70f6c-6651-46e4-bc14-cfd6befc1474" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/1ae70f6c-6651-46e4-bc14-cfd6befc1474" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-7 text--weight-500" id="">US and Ukraine sign natural resources deal </span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/1ae70f6c-6651-46e4-bc14-cfd6befc1474" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Agreement establishes a ‘reconstruction investment fund’ after weeks of fraught negotiations</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T10:25:12+0000">1 hour ago</time></div></div></div></div></div></div></div></div><div class="grid grid--1-columns grid__story-group-wrapper--secondary" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="stacked-secondary-story stacked-secondary-story--span-1 stacked-secondary-story--col-1 stacked-secondary-story--row-grid-1 stacked-secondary-story--row-stack-2"><div class="separator--solid"></div><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="1f4ba00b-9e90-4c9b-be6b-e57efaf1e9d5" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/1f4ba00b-9e90-4c9b-be6b-e57efaf1e9d5" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">EU readies ‘plan B’ should Trump walk away from Ukraine talks</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span6 layout-desktop__grid--column-start-5 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:australian-politics;storyGroup:medium" data-trackable-context-storygroup-size="medium" data-trackable-context-storygroup-title="australian-politics" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="3" class="layout-desktop--full-height"><div class="story-group story-group--featured"><div class="grid grid--2-columns grid--fullHeight" style="grid-template-rows:auto;-ms-grid-rows:auto"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-2 story-group--end-of-row"><div class="story-group__article story-group__article--featured"><div data-trackable="story:featured" data-trackable-context-story-type="featured" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="featured-story featured-story--theme-tinted"><div class="featured-story__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/d4ee3af2-f3f3-4cd0-ab95-099b53f0e368" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F70ed9a7d-a3c1-4910-bf15-60295e9f76cb.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F70ed9a7d-a3c1-4910-bf15-60295e9f76cb.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F70ed9a7d-a3c1-4910-bf15-60295e9f76cb.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="Australia: caught between a slowing China and a chaotic US" class="image image--width-580"/></picture></a></div><div class="featured-story-content"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/australian-politics" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Australian politics</span></a></div><div class="headline js-teaser-headline headline--scale-5 headline--color-black" data-content-id="d4ee3af2-f3f3-4cd0-ab95-099b53f0e368" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/d4ee3af2-f3f3-4cd0-ab95-099b53f0e368" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-5 text--weight-600" id="">The Big Read. </span></span><span class="text text--color-black text-display--scale-5 text--weight-400" id="">Australia: caught between a slowing China and a chaotic US</span></a></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span2 layout-desktop__grid--column-start-11 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:editor-s-picks;storyGroup:xsmall" data-trackable-context-storygroup-size="xsmall" data-trackable-context-storygroup-title="editor-s-picks" data-trackable-context-storygroup-position="2" data-trackable-context-storygroup-siblings="3" class="layout-desktop--full-height"><div class="story-group story-group--extra-small"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-0 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--1-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-1"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__teaser"><div class="story-group__title"><span class="text text--color-claret text-sans--scale-0 text--weight-400" id="">Editor's picks</span></div><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/342dc3c4-ef12-4868-873d-e9f2eaa986c3" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" 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data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/342dc3c4-ef12-4868-873d-e9f2eaa986c3" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-3"> <span class="o-normalise-visually-hidden">opinion content. </span></span></span><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Brexit lessons for Trump’s trade war</span></a></div></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FByline_ChrisGiles_v2-62a1bb26-c65a-417f-a325-d881ad51c48d.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FByline_ChrisGiles_v2-62a1bb26-c65a-417f-a325-d881ad51c48d.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FByline_ChrisGiles_v2-62a1bb26-c65a-417f-a325-d881ad51c48d.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/chris-giles" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Chris Giles</span></a></div></div></div></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1 story-group--full-width-0 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="0424b637-73f6-4912-b536-c9dac30cea7b" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/0424b637-73f6-4912-b536-c9dac30cea7b" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-3"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-3 text--weight-600" id="">Data Points. </span></span><span class="text text--color-black text-display--scale-3 text--weight-500" id="">The battle over New York’s congestion toll</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FSam-Learner-4ffea6e7-ebb0-45bf-baac-c5f54ec44124.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FSam-Learner-4ffea6e7-ebb0-45bf-baac-c5f54ec44124.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FSam-Learner-4ffea6e7-ebb0-45bf-baac-c5f54ec44124.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/sam-learner" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Sam Learner</span></a></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div></div></div></section></div><section class="slice advert-slice slice__no-title"><div class="slice__content"><div class="layout-tablet__grid-container"><div class="layout-tablet__grid layout-tablet__grid--span12 layout-tablet__grid--column-start-1 layout-tablet__grid--row-start-1"><div class="layout__grid-content"><pg-slot data-config-key="high-impact"></pg-slot></div></div></div></div></section><div data-trackable="list:top-stories;listTitle:top-stories" data-trackable-context-list-type="top-stories" data-trackable-context-list-position="2" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice top-stories-slice slice--default"><div class="slice__content"><div class="separator--dotted"></div><header id="top-stories" class="slice-heading"><h2 class="slice-heading__title"><span class="text text--color-black-80 text-sans--scale-0" id="">TOP STORIES</span></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div 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primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/60c778d4-9e1a-41e0-a1f4-8e0ba797954b" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F124a2dc1-6b5d-446a-b583-eef21bd6bbe5.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F124a2dc1-6b5d-446a-b583-eef21bd6bbe5.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F124a2dc1-6b5d-446a-b583-eef21bd6bbe5.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Tesla board denies launching search for Musk’s successor" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/35edec46-ef7b-4f9b-b85a-25174e6e07fa" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Tesla Inc</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="60c778d4-9e1a-41e0-a1f4-8e0ba797954b" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/60c778d4-9e1a-41e0-a1f4-8e0ba797954b" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Tesla board denies launching search for Musk’s successor</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/60c778d4-9e1a-41e0-a1f4-8e0ba797954b" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Chair Robyn Denholm says carmaker’s board remains ‘highly confident’ in chief executive’s leadership</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:us-china-trade-dispute;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="us-china-trade-dispute" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/e6e66a65-7a9e-4aa5-85a2-e223ca487398" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F39dd5f9e-c2fd-4f7a-ab4d-22fcd75b2739.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F39dd5f9e-c2fd-4f7a-ab4d-22fcd75b2739.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F39dd5f9e-c2fd-4f7a-ab4d-22fcd75b2739.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="China signals opening for trade talks with US" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/us-china-trade-dispute" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">US-China trade dispute</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="e6e66a65-7a9e-4aa5-85a2-e223ca487398" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/e6e66a65-7a9e-4aa5-85a2-e223ca487398" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">China signals opening for trade talks with US</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/e6e66a65-7a9e-4aa5-85a2-e223ca487398" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">State media message suggests softening of Beijing’s position, say analysts</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:mcdonald-s-corp;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="mcdonald-s-corp" data-trackable-context-storygroup-position="2" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/90c6bfe1-343c-405a-95a5-b3833716a990" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F1fbf8131-01c5-4a7b-a6f5-312687077c3b.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F1fbf8131-01c5-4a7b-a6f5-312687077c3b.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F1fbf8131-01c5-4a7b-a6f5-312687077c3b.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="McDonald’s US sales drop by most since height of pandemic in 2020" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/cd3da4b6-b8af-4c29-9453-492b79dce3ca" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">McDonald's Corp</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="90c6bfe1-343c-405a-95a5-b3833716a990" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/90c6bfe1-343c-405a-95a5-b3833716a990" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">McDonald’s US sales drop by most since height of pandemic in 2020</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/90c6bfe1-343c-405a-95a5-b3833716a990" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Fall comes as Trump’s tariffs knock consumer sentiment</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp timestamp--new"><span class="timestamp-prefix"> new </span><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T11:03:15+0000"></time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:the-trump-organization;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="the-trump-organization" data-trackable-context-storygroup-position="3" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/c7a215d4-f7e7-43a5-970e-0b276de9fa01" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F41f16af2-3ad1-4aa1-b3e3-7166922a42b2.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F41f16af2-3ad1-4aa1-b3e3-7166922a42b2.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F41f16af2-3ad1-4aa1-b3e3-7166922a42b2.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Trump Organization strikes Gulf deals ahead of US president’s visit" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/866e7e9a-2795-440a-9313-f395e89ebc09" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">The Trump Organization</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="c7a215d4-f7e7-43a5-970e-0b276de9fa01" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/c7a215d4-f7e7-43a5-970e-0b276de9fa01" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Trump Organization strikes Gulf deals ahead of US president’s visit</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/c7a215d4-f7e7-43a5-970e-0b276de9fa01" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Eric Trump attacks ‘woke cancel culture’ as Qatari state-owned company announces deal to build Trump-branded golf club</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T09:43:59+0000">1 hour ago</time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div></div></div></section></div><section class="slice advert-slice slice__no-title"><div class="slice__content"><div class="layout-tablet__grid-container"><div class="layout-tablet__grid layout-tablet__grid--span12 layout-tablet__grid--column-start-1 layout-tablet__grid--row-start-1"><div class="layout__grid-content"><pg-slot data-config-key="mid-desktop"></pg-slot></div></div></div></div></section><section class="slice advert-slice slice__no-title"><div class="slice__content"><div class="layout-tablet__grid-container"><div class="layout-tablet__grid layout-tablet__grid--span12 layout-tablet__grid--column-start-1 layout-tablet__grid--row-start-1"><div class="layout__grid-content"><pg-slot data-config-key="top-mobile"></pg-slot></div></div></div></div></section><div data-trackable="list:latest-from-monetary-policy-radar" data-trackable-context-list-type="latest-from-monetary-policy-radar" data-trackable-context-list-position="5" data-trackable-context-list-siblings="21" class="story-group-slice hidden"><section class="slice story-group-named-slice slice--full-bleed slice--full-bleed--less-top-padding slice--dark"><div class="slice__content"><header id="latest-from-monetary-policy-radar" class="slice-heading"><h2 class="slice-heading__title"><a data-trackable="link" data-trackable-context-story-link="link" href="/stream/a3fb024b-d93a-4fb0-856c-8e38fe632931" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-80 text-sans--scale-0" id="">Latest from Monetary Policy Radar</span></a></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--dark"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storycollection;storyGroup:xlarge" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="storycollection" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1" class="layout-desktop--full-height"><div class="layout-desktop__grid-container story-collection"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight monetary-policy-radar__parent"><div class="monetary-policy-radar__content"><div class="grid-item grid-item--span-3"><div class="grid-item grid-item--span-1"><div class="monetary-policy-radar__title"><span class="text text--color-mint text-sans--scale-0 text--weight-600" id="">Bank of Japan</span></div><div class="monetary-policy-radar__headline"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/edddc707-9f19-419f-ba67-443eec886fcf" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Bank of Japan holds rates and signals intent to continue normalisation </span></a></div></div></div><div class="monetary-policy-radar__timestamp"><span class="text text--color-black text-sans--scale-2" id=""><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-24-hours" dateTime="2025-05-01T09:22:52+0000">2 hours ago</time></div></span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="1" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight monetary-policy-radar__parent"><div class="monetary-policy-radar__content"><div class="grid-item grid-item--span-3"><div class="grid-item grid-item--span-1"><div class="monetary-policy-radar__title"><span class="text text--color-mint text-sans--scale-0 text--weight-600" id="">Bank of England</span></div><div class="monetary-policy-radar__headline"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/a7424a1f-6c62-4d9d-aeae-0ff93ac46f93" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-400" id="">The UK is exposed to ruptures in global trade even if it is insulated from Trump’s tariffs</span></a></div></div></div><div class="monetary-policy-radar__timestamp"><span class="text text--color-black text-sans--scale-2" id=""><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-24-hours" dateTime="2025-05-01T05:30:37+0000">6 hours ago</time></div></span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="2" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight monetary-policy-radar__parent"><div class="monetary-policy-radar__content"><div class="grid-item grid-item--span-3"><div class="grid-item grid-item--span-1"><div class="monetary-policy-radar__title"><span class="text text--color-mint text-sans--scale-0 text--weight-600" id="">Federal Reserve</span></div><div class="monetary-policy-radar__headline"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/a8dc555a-8e82-427c-beb1-238e3396be05" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-400" id="">March PCE offers little to suggest the Fed needs to cut rates</span></a></div></div></div><div class="monetary-policy-radar__timestamp"><span class="text text--color-black text-sans--scale-2" id=""><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-24-hours" dateTime="2025-04-30T14:48:29+0000">20 hours ago</time></div></span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="3" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight monetary-policy-radar__parent"><div class="monetary-policy-radar__content"><div class="grid-item grid-item--span-3"><div class="grid-item grid-item--span-1"><div class="monetary-policy-radar__title"><span class="text text--color-mint text-sans--scale-0 text--weight-600" id="">US economy</span></div><div class="monetary-policy-radar__headline"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/13671e29-4017-4059-b714-f54a99b775a6" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-400" id="">US economy stalls in first quarter with few implications for Fed</span></a></div></div></div><div class="monetary-policy-radar__timestamp"><span class="text text--color-black text-sans--scale-2" id=""><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-24-hours" dateTime="2025-04-30T13:36:04+0000">21 hours ago</time></div></span></div></div></div></div></div></div></div></div></div></div></div></div></section></div><div data-trackable="list:top-stories;listTitle:spotlight" 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class="spotlight-story"><div class="grid grid--12-columns grid--fullHeight"><div class="spotlight-grid--primary-story"><div><div data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--10-columns grid--fullHeight"><div class="spotlight-story-main__wrapper"><div class="spotlight-story-main__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/0f08a3d5-1def-4780-a2bc-592f80d25803" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Vatican</span></a></div><div class="headline js-teaser-headline headline--scale-5 headline--color-black" data-content-id="3848aa11-3711-41eb-89da-5208a4236a7a" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/3848aa11-3711-41eb-89da-5208a4236a7a" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-5 text--weight-400" id="">How Pope Francis failed to close the Vatican’s financial gap</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/3848aa11-3711-41eb-89da-5208a4236a7a" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Late pontiff sought to battle corruption but his successor faces a steep challenge in balancing the books</span></a></p></div><div class="grid-item grid-item--span-3 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div><div class="spotlight-story-main__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/3848aa11-3711-41eb-89da-5208a4236a7a" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F0d0c7141-a069-4314-887c-616b68ad49e9.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F0d0c7141-a069-4314-887c-616b68ad49e9.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F0d0c7141-a069-4314-887c-616b68ad49e9.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="How Pope Francis failed to close the Vatican’s financial gap" class="image image--width-580"/></picture></a></div></div></div></div><div class="spotlight-grid--secondary-story"><div class="separator--solid"></div><div data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/98caa0a8-e119-4e7f-9fa5-4bef39b04ae0" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2802a833-ea0a-413a-bdf6-7e3c89d612df.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2802a833-ea0a-413a-bdf6-7e3c89d612df.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2802a833-ea0a-413a-bdf6-7e3c89d612df.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Wartime trauma endures through generations" class="image image--width-280"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/life-arts" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Life & Arts</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="98caa0a8-e119-4e7f-9fa5-4bef39b04ae0" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/98caa0a8-e119-4e7f-9fa5-4bef39b04ae0" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-3"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-3 text--weight-600" id="">FT Magazine. </span></span><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Wartime trauma endures through generations</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/98caa0a8-e119-4e7f-9fa5-4bef39b04ae0" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">The political impacts of the second world war may be fading, but the personal toll is not so easily erased</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_simon-kuper-2074514d-b419-4448-b602-1f0924c7462a.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_simon-kuper-2074514d-b419-4448-b602-1f0924c7462a.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_simon-kuper-2074514d-b419-4448-b602-1f0924c7462a.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/simon-kuper" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Simon Kuper</span></a></div></div></div></div></div></div></div></div></div></div></div></div></div></div></section></div><section class="slice advert-slice slice__no-title"><div class="slice__content"><div class="layout-tablet__grid-container"><div class="layout-tablet__grid layout-tablet__grid--span12 layout-tablet__grid--column-start-1 layout-tablet__grid--row-start-1"><div class="layout__grid-content"><pg-slot data-config-key="mid-mobile"></pg-slot></div></div></div></div></section><div data-trackable="list:top-stories;listTitle:news" data-trackable-context-list-type="top-stories" data-trackable-context-list-position="8" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice top-stories-slice slice--default"><div class="slice__content"><div class="separator--dotted"></div><header id="news" class="slice-heading"><h2 class="slice-heading__title"><span class="text text--color-black-80 text-sans--scale-0" id="">News</span></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:kkr;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="kkr" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/2aabd27b-909d-458d-960e-8ad9a334c964" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F5f797ed8-6dee-4578-869e-45301da75507.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F5f797ed8-6dee-4578-869e-45301da75507.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F5f797ed8-6dee-4578-869e-45301da75507.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="KKR reports first quarterly loss since 2022" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/kkr" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">KKR</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="2aabd27b-909d-458d-960e-8ad9a334c964" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/2aabd27b-909d-458d-960e-8ad9a334c964" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">KKR reports first quarterly loss since 2022</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/2aabd27b-909d-458d-960e-8ad9a334c964" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Markdowns in insurance unit overshadow strong fundraising in private equity</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp timestamp--new"><span class="timestamp-prefix"> new </span><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T11:01:38+0000"></time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:markets;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="markets" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/13546a6a-56cb-41c6-b134-84d6c641b98e" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa379b98b-284b-4c89-a230-6ab7a60a22ab.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa379b98b-284b-4c89-a230-6ab7a60a22ab.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa379b98b-284b-4c89-a230-6ab7a60a22ab.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Goldman’s Waldron says early US trade deals could set investor views on tariffs" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/markets" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Markets</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="13546a6a-56cb-41c6-b134-84d6c641b98e" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/13546a6a-56cb-41c6-b134-84d6c641b98e" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Goldman’s Waldron says early US trade deals could set investor views on tariffs</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/13546a6a-56cb-41c6-b134-84d6c641b98e" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Wall Street executive expects investor focus to shift towards fiscal policy and the federal budget</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="800ee820-4a9b-480a-afac-3321bcbdbd62" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/800ee820-4a9b-480a-afac-3321bcbdbd62" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Yellen warns Trump tariffs will have ‘tremendously adverse’ impact</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T09:00:46+0000">2 hours ago</time></div></div></div></div></div><div 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class="timestamp timestamp--new"><span class="timestamp-prefix"> new </span><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T11:01:29+0000"></time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:most-read;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="most-read" data-trackable-context-storygroup-position="3" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="list list--vertical"><h2 class="list__title">Most read</h2><ol 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data-trackable-context-story-siblings="5" data-id="most-read-id" data-name="list" data-type="list" data-subtype="most-read" class="list__item"><div class="list__item-link"><div class="headline js-teaser-headline headline--scale-0 headline--color-black" data-content-id="104ece93-c362-4d78-aaf9-ace4e314ec0c" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/104ece93-c362-4d78-aaf9-ace4e314ec0c" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-0 text--weight-500" id="">US economy contracts at 0.3% rate as Trump’s tariffs prompt import surge</span></a></div></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="2" data-trackable-context-story-siblings="5" data-id="most-read-id" data-name="list" data-type="list" data-subtype="most-read" class="list__item 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data-content-id="a815323b-ae2b-4586-aec2-39dec35726f0" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/a815323b-ae2b-4586-aec2-39dec35726f0" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-0 text--weight-500" id="">Top Trump adviser struggles to soothe investors in talks after market tumult</span></a></div></div></div></li></ol></div></div></div></div></div></div></section></div><div data-trackable="list:top-stories;listTitle:empty" data-trackable-context-list-type="top-stories" data-trackable-context-list-position="9" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice top-stories-slice slice__no-title slice--default"><div class="slice__content"><div class="separator--solid"></div><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span3 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src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F03f4f265-0680-45f3-a9d0-42e6aafaf8af.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Sam Altman’s eyeball-scanning project World makes US debut" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/d91e0e17-f152-4a82-99bb-e4232a092b5d" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Sam Altman</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="0c5c2b8d-b185-40b6-9221-b80ee130b92e" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" 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class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:middle-east-war;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="middle-east-war" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/95607ebd-88c4-44c5-9e6d-77ac4eb1e05b" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F5cf87fa1-9019-4bb8-9ffd-0fe7c195d726.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" 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headline--scale-3 headline--color-black" data-content-id="95607ebd-88c4-44c5-9e6d-77ac4eb1e05b" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/95607ebd-88c4-44c5-9e6d-77ac4eb1e05b" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Trump’s bombing campaign against Houthis tests his vow to ‘stop wars’</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/95607ebd-88c4-44c5-9e6d-77ac4eb1e05b" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">The US is conducting its largest bombardment since the war on Isis — with no clear endgame</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:franklin-templeton-investments;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="franklin-templeton-investments" data-trackable-context-storygroup-position="2" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/436cb4c6-822e-4b27-b79a-3b5a838e87e1" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F042157da-e6c8-41a6-8e93-8427687eb3a2.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F042157da-e6c8-41a6-8e93-8427687eb3a2.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F042157da-e6c8-41a6-8e93-8427687eb3a2.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Franklin Templeton to list $1.7bn of Uzbekistan state assets " class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/0179d94f-9bc7-44c3-b753-63cfd7e34d15" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Franklin Templeton Investments</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="436cb4c6-822e-4b27-b79a-3b5a838e87e1" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/436cb4c6-822e-4b27-b79a-3b5a838e87e1" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Franklin Templeton to list $1.7bn of Uzbekistan state assets </span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/436cb4c6-822e-4b27-b79a-3b5a838e87e1" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Fund manager aims to put central Asian state on global investors’ radar with privatisation drive </span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp timestamp--new"><span class="timestamp-prefix"> new </span><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T11:03:08+0000"></time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:norway-s-oil-fund;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="norway-s-oil-fund" data-trackable-context-storygroup-position="3" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/6cda7685-40f7-493a-9d24-8355083c8ecd" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" 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href="https://www.ft.com/stream/7f74c95b-495f-49d9-ba48-62b2cd205209" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Norway's Oil Fund</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="6cda7685-40f7-493a-9d24-8355083c8ecd" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/6cda7685-40f7-493a-9d24-8355083c8ecd" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Norway’s oil fund targets $400mn trading cost savings using AI</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/6cda7685-40f7-493a-9d24-8355083c8ecd" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">One of the world’s biggest equity investors makes 46mn trades a year</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div></div></div></section></div><div data-trackable="list:top-stories;listTitle:empty" data-trackable-context-list-type="top-stories" data-trackable-context-list-position="10" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice top-stories-slice slice__no-title slice--default"><div class="slice__content"><div class="separator--solid"></div><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 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class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/42e2138f-ab1d-4d0e-bfe1-39f7af006a90" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fdcd280f7-f1ec-4221-8f3c-b79e6b667943.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fdcd280f7-f1ec-4221-8f3c-b79e6b667943.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fdcd280f7-f1ec-4221-8f3c-b79e6b667943.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Trump’s Latin American fan club hopes for loans and access" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/latin-america" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Latin America</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="42e2138f-ab1d-4d0e-bfe1-39f7af006a90" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/42e2138f-ab1d-4d0e-bfe1-39f7af006a90" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Trump’s Latin American fan club hopes for loans and access</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/42e2138f-ab1d-4d0e-bfe1-39f7af006a90" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Presidents of Argentina, El Salvador and Ecuador bet on close relationship with Maga White House</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T10:00:38+0000">1 hour ago</time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:starbucks-corp;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="starbucks-corp" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/f0265093-de72-4c8c-88e5-737dcb4f544d" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd0ff635d-2a79-4d4c-aaf4-ad44253e73ff.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd0ff635d-2a79-4d4c-aaf4-ad44253e73ff.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd0ff635d-2a79-4d4c-aaf4-ad44253e73ff.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Starbucks’ turnaround loses some of its froth" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/8deb351d-4c02-40ce-aada-54004dd33dfc" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Starbucks Corp</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="f0265093-de72-4c8c-88e5-737dcb4f544d" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/f0265093-de72-4c8c-88e5-737dcb4f544d" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-3"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-3 text--weight-600" id="">Lex. </span></span><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Starbucks’ turnaround loses some of its froth</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/f0265093-de72-4c8c-88e5-737dcb4f544d" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Revitalising an ailing coffee giant will take time and money</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T09:18:45+0000">2 hours ago</time></div></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:meta-platforms;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="meta-platforms" data-trackable-context-storygroup-position="2" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/b1f4965f-6ea6-4afd-968b-76bb2f7acfc4" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fe2b64b7f-31ea-499c-b3bc-2e8c46861b4a.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fe2b64b7f-31ea-499c-b3bc-2e8c46861b4a.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fe2b64b7f-31ea-499c-b3bc-2e8c46861b4a.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Meta lawsuit poses first big test of AI copyright battle" class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/7e37c19e-8fa3-439f-a870-b33f0520bcc0" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Meta Platforms</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="b1f4965f-6ea6-4afd-968b-76bb2f7acfc4" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/b1f4965f-6ea6-4afd-968b-76bb2f7acfc4" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Meta lawsuit poses first big test of AI copyright battle</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/b1f4965f-6ea6-4afd-968b-76bb2f7acfc4" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Tech giant faces lawsuit from US authors over use of material from shadow library LibGen</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="4ce9ebaf-a752-48a5-b883-a503fd99fbeb" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/4ce9ebaf-a752-48a5-b883-a503fd99fbeb" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Business Insight. </span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">How China has changed the game for AI valuations</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FJune_Yoon-7df0f3a0-c851-44e8-bcae-54344745fee6.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FJune_Yoon-7df0f3a0-c851-44e8-bcae-54344745fee6.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FJune_Yoon-7df0f3a0-c851-44e8-bcae-54344745fee6.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/june-yoon" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">June Yoon</span></a></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:bbva;storyGroup:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="bbva" data-trackable-context-storygroup-position="3" data-trackable-context-storygroup-siblings="4" class="layout-desktop--full-height"><div id="native-ads-placeholder" class="story-group"><div class="grid grid--1-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-1 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="1" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__image primary-story__image--1-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/d4cfbb78-ddfd-4f8e-a50e-06f565a39b7f" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fffd2a505-458e-40d8-9c7f-8c3d4f2602b8.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fffd2a505-458e-40d8-9c7f-8c3d4f2602b8.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fffd2a505-458e-40d8-9c7f-8c3d4f2602b8.jpg?source=next-home-page&dpr=2&width=280&fit=scale-down" alt="Spain’s antitrust watchdog approves BBVA’s €11bn hostile bid for Sabadell " class="image image--width-280" loading="lazy"/></picture></a></div><div class="primary-story__teaser"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/stream/ff076113-3638-46d4-bf60-5c5d1ab4f764" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">BBVA</span></a></div><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="d4cfbb78-ddfd-4f8e-a50e-06f565a39b7f" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/d4cfbb78-ddfd-4f8e-a50e-06f565a39b7f" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Spain’s antitrust watchdog approves BBVA’s €11bn hostile bid for Sabadell </span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/d4cfbb78-ddfd-4f8e-a50e-06f565a39b7f" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Government will now have final say on deal that could make banks a force in Spanish loan market </span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div></div></div></section></div><section class="slice advert-slice slice__no-title"><div class="slice__content"><div class="layout-tablet__grid-container"><div class="layout-tablet__grid layout-tablet__grid--span12 layout-tablet__grid--column-start-1 layout-tablet__grid--row-start-1"><div class="layout__grid-content"><pg-slot data-config-key="mid1"></pg-slot></div></div></div></div></section><div data-trackable="list:opinion" data-trackable-context-list-type="opinion" data-trackable-context-list-position="12" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice slice--default"><div class="slice__content"><div class="separator--dotted"></div><header id="opinion" class="slice-heading"><h2 class="slice-heading__title"><a data-trackable="link" data-trackable-context-story-link="link" href="/opinion" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-80 text-sans--scale-0" id="">Opinion</span></a></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div class="layout-desktop--full-height"><div class="layout-desktop__grid-container opinion-section"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storygroup;storyGroup:xlarge" data-trackable-context-list-type="opinion" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="storygroup" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1"><div class="main-opinion-stories main-opinion-stories--theme-featured"><div class="grid grid--12-columns grid--fullHeight"><div class="main-opinion-stories__primary-story"><div data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="2" class="grid grid--9-columns grid--fullHeight"><div class="primary-opinion-story__wrapper"><div class="primary-opinion-story__teaser"><div class="headline js-teaser-headline headline--scale-5 headline--color-black" data-content-id="8742b522-eee2-4a04-9409-3e2d41933591" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/8742b522-eee2-4a04-9409-3e2d41933591" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-5"> <span class="o-normalise-visually-hidden">opinion content. </span></span></span><span class="text text--color-black text-display--scale-5 text--weight-400" id="">What the US stands to lose from a dented dollar</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/8742b522-eee2-4a04-9409-3e2d41933591" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">In markets and politics, it will be more short-termist, less resilient and much more reliant on the kindness of strangers</span></a></p></div><div class="grid-item grid-item--span-3 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FKatie-Martin-749bf9e1-1d4d-4141-a8c9-bf6a56249292.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FKatie-Martin-749bf9e1-1d4d-4141-a8c9-bf6a56249292.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FKatie-Martin-749bf9e1-1d4d-4141-a8c9-bf6a56249292.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/katie-martin" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Katie Martin</span></a></div></div></div></div><div class="primary-opinion-story__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/8742b522-eee2-4a04-9409-3e2d41933591" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa5fcd302-36f9-444d-b82c-42f9534d7a24.jpg?source=next-home-page&dpr=2&width=580&height=435&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa5fcd302-36f9-444d-b82c-42f9534d7a24.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa5fcd302-36f9-444d-b82c-42f9534d7a24.jpg?source=next-home-page&dpr=2&width=580&height=435&fit=cover&gravity=poi" alt="What the US stands to lose from a dented dollar" class="image image--width-580"/></picture></a></div></div></div><div class="main-opinion-stories__secondary-story"><div class="separator--solid"></div><div data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="2" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-3"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__teaser"><div class="headline js-teaser-headline headline--scale-3 headline--color-black" data-content-id="bd36f0a1-0abb-4264-badf-0109a4212f9a" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/bd36f0a1-0abb-4264-badf-0109a4212f9a" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-3"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-3 text--weight-600" id="">Markets Insight. </span></span><span class="text text--color-black text-display--scale-3 text--weight-500" id="">Time for lenders to insist on more protection in finance deals</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/bd36f0a1-0abb-4264-badf-0109a4212f9a" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Recent turmoil across capital markets should be seized on to shift the balance of power on debt covenants</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/stream/fa461184-31bf-4b42-bba0-11b368a5b8af" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Sabrina Fox</span></a></div></div></div></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-2 layout-desktop__grid--with-padding"><div class="separator--solid"></div></div><div class="layout-desktop__grid layout-desktop__grid--span9 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-3 layout-desktop__grid--with-border"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storygroup;storyGroup:large" data-trackable-context-list-type="opinion" data-trackable-context-storygroup-size="large" data-trackable-context-storygroup-title="storygroup" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="2"><div class="story-group story-group--skip-primary-story"><div class="grid grid--3-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="0" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="fb09b1f0-e7b1-460a-bbe9-b2cb0af62c2f" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/fb09b1f0-e7b1-460a-bbe9-b2cb0af62c2f" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Outlook. </span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">The English town that can’t wait to be a theme park </span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Fsam-stewart_cutout-5b285800-7b86-4756-8b60-44aaf5243b6d.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Fsam-stewart_cutout-5b285800-7b86-4756-8b60-44aaf5243b6d.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Fsam-stewart_cutout-5b285800-7b86-4756-8b60-44aaf5243b6d.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/sam-stewart" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Sam Stewart</span></a></div></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-2"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="eaba3efe-2b85-4a4f-82e5-5683c8cff4fa" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/eaba3efe-2b85-4a4f-82e5-5683c8cff4fa" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Canada is a warning to Britain’s Trump-loving Tories </span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_janan-ganesh-a7264456-e042-4bdb-bbdc-fee34c7a5cbb.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_janan-ganesh-a7264456-e042-4bdb-bbdc-fee34c7a5cbb.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2Ffthead-v1_janan-ganesh-a7264456-e042-4bdb-bbdc-fee34c7a5cbb.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/janan-ganesh" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Janan Ganesh</span></a></div></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-3 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="2" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="49df0517-707e-4fdd-a5ac-dea2feae8d2d" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/49df0517-707e-4fdd-a5ac-dea2feae8d2d" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span><span class="text text--color-black text-display--scale-2 text--weight-600" id="">The FT View. </span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">The Iberian blackout is a wake-up call</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/ft-view" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">The editorial board</span></a></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="3" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="f143805b-513c-4ade-942f-1f6ba7af036a" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/f143805b-513c-4ade-942f-1f6ba7af036a" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Corporate America must stand up to Trump on US innovation </span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FBrooke-Masters-7bb1dded-56c4-48a1-afe6-30fbd8b567db.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FBrooke-Masters-7bb1dded-56c4-48a1-afe6-30fbd8b567db.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FBrooke-Masters-7bb1dded-56c4-48a1-afe6-30fbd8b567db.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/brooke-masters" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Brooke Masters</span></a></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-2"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="4" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="9ac531e7-332d-44c6-9cdf-6b6cd94601b3" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/9ac531e7-332d-44c6-9cdf-6b6cd94601b3" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. </span></span></span><span class="text text--color-black text-display--scale-2 text--weight-500" id="">In climate science, the US is now a rogue state</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__opinion"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FAnjana-Ahuja-a2b4b331-6dad-45b3-ba8c-bb3887b285f7.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FAnjana-Ahuja-a2b4b331-6dad-45b3-ba8c-bb3887b285f7.png?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FAnjana-Ahuja-a2b4b331-6dad-45b3-ba8c-bb3887b285f7.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/anjana-ahuja" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Anjana Ahuja</span></a></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-3 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="5" data-trackable-context-story-siblings="6" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="f063d7df-3b55-460b-8a69-2d9393e2c166" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/f063d7df-3b55-460b-8a69-2d9393e2c166" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--opinion icon--scale-2"> <span class="o-normalise-visually-hidden">opinion content. 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src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FEdward-Luce-038367c3-b3aa-4617-bf20-024736bd5d42.png?source=next-home-page&dpr=2&width=40&height=40&fit=cover&gravity=poi" alt="" class="image image--width-40"/></picture><div class="author-opinion-details"><a data-trackable="author-link" data-trackable-context-story-link="author-link" href="https://www.ft.com/edward-luce" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Edward Luce</span></a></div></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-3"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:opinion;storyGroup:small" 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class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--impact"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storycollection;storyGroup:xlarge" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="storycollection" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1" class="layout-desktop--full-height"><div class="layout-desktop__grid-container story-collection"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight"><div class="podcast__article-wrapper"><div class="grid-item grid-item--span-3 podcast__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/c39308c5-67f1-4b5e-98ea-d3bff7d7ee2c" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2Fd3aef2de-8d57-41db-a6ae-a1207c4cae52?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2Fd3aef2de-8d57-41db-a6ae-a1207c4cae52?source=next-home-page&dpr=2&width=580&height=580&fit=cover&gravity=poi"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2Fd3aef2de-8d57-41db-a6ae-a1207c4cae52?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi" alt="Rachman Review podcast" class="image image--width-180"/></picture></a></div><div class="grid-item grid-item--span-3 podcast__content"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/c39308c5-67f1-4b5e-98ea-d3bff7d7ee2c" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Rachman Review. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Are we any closer to peace in Ukraine?</span></a></div><div class="podcast__suffix"><span class="text text--color-black-60 text-sans--scale-0" id="">21 min listen</span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-4 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="1" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight"><div class="podcast__article-wrapper"><div class="grid-item grid-item--span-3 podcast__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/398735c8-c953-471a-9c2a-d6c36601507f" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F9c0ad4cc-ce5a-462f-b47a-2a38dcec4436?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F9c0ad4cc-ce5a-462f-b47a-2a38dcec4436?source=next-home-page&dpr=2&width=580&height=580&fit=cover&gravity=poi"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F9c0ad4cc-ce5a-462f-b47a-2a38dcec4436?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi" alt="FT News Briefing podcast" class="image image--width-180"/></picture></a></div><div class="grid-item grid-item--span-3 podcast__content"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/398735c8-c953-471a-9c2a-d6c36601507f" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">FT News Briefing. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Honey, I shrunk the economy</span></a></div><div class="podcast__suffix"><span class="text text--color-black-60 text-sans--scale-0" id="">11 min listen</span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="2" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight"><div class="podcast__article-wrapper"><div class="grid-item grid-item--span-3 podcast__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/c0ddea0e-77e1-428e-990b-b840fa6fd83c" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F984377fd-3fc7-436e-9757-f978142a6ea4?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F984377fd-3fc7-436e-9757-f978142a6ea4?source=next-home-page&dpr=2&width=580&height=580&fit=cover&gravity=poi"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F984377fd-3fc7-436e-9757-f978142a6ea4?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi" alt="Behind the Money podcast" class="image image--width-180"/></picture></a></div><div class="grid-item grid-item--span-3 podcast__content"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/c0ddea0e-77e1-428e-990b-b840fa6fd83c" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Behind the Money. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Has Goldman Sachs already chosen its next CEO?</span></a></div><div class="podcast__suffix"><span class="text text--color-black-60 text-sans--scale-0" id="">25 min listen</span></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="3" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing grid--fullHeight"><div class="podcast__article-wrapper"><div class="grid-item grid-item--span-3 podcast__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/86852684-fbc9-4dc5-a861-bc0ab317cd99" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F78adc879-c4d8-4215-a5fb-6bb33c52c578?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F78adc879-c4d8-4215-a5fb-6bb33c52c578?source=next-home-page&dpr=2&width=580&height=580&fit=cover&gravity=poi"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F78adc879-c4d8-4215-a5fb-6bb33c52c578?source=next-home-page&dpr=2&width=180&height=180&fit=cover&gravity=poi" alt="Unhedged Podcast" class="image image--width-180"/></picture></a></div><div class="grid-item grid-item--span-3 podcast__content"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/86852684-fbc9-4dc5-a861-bc0ab317cd99" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Unhedged Podcast. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Bad shipping news</span></a></div><div class="podcast__suffix"><span class="text text--color-black-60 text-sans--scale-0" id="">22 min listen</span></div></div></div></div></div></div></div></div></div></div></div></div></section></div><div data-trackable="list:life-and-arts" data-trackable-context-list-type="life-and-arts" data-trackable-context-list-position="15" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice story-group-named-slice slice--default slice--has-sub-navigation"><div class="slice__content"><div class="separator--dotted"></div><header id="life-and-arts" class="slice-heading"><h2 class="slice-heading__title"><a data-trackable="link" data-trackable-context-story-link="link" href="/life-arts" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-80 text-sans--scale-0" id="">Life & Arts</span></a></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:list;storyGroup:xlarge" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="list" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1" class="layout-desktop--full-height"><div class="list list--horizontal"><ul class="list__items-wrapper"><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="0" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/arts" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Arts</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="1" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/books" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Books</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="2" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/food-drink" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Food & Drink</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="3" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/magazine" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">FT Magazine</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="4" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/style" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Style</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="5" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/house-home" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">House & Home</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="6" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/travel" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Travel</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="7" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/globetrotter" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">FT Globetrotter</span></a></div></div></li><li><div data-trackable="story:list" data-trackable-context-story-type="list" data-trackable-context-story-position="8" data-trackable-context-story-siblings="9" data-id="life-and-arts-links" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/htsi" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">HTSI</span></a></div></div></li></ul></div></div></div></div></div></div></section></div><div data-trackable="list:life-and-arts" data-trackable-context-list-type="life-and-arts" data-trackable-context-list-position="16" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice story-group-named-slice slice__no-title slice--default"><div class="slice__content"><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storycollection;storyGroup:xlarge" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="storycollection" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1" class="layout-desktop--full-height"><div class="layout-desktop__grid-container story-collection"><div class="layout-desktop__grid layout-desktop__grid--span6 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="5" class="featured-story"><div class="featured-story__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/e69a9029-8e2f-49d1-bb0c-dc693602214f" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbd738ef9-dec9-4374-a061-1a0d0e401fa3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbd738ef9-dec9-4374-a061-1a0d0e401fa3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbd738ef9-dec9-4374-a061-1a0d0e401fa3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="A guide to Japanese woodblock master Hiroshige — according to his leading collector" class="image image--width-580"/></picture></a></div><div class="featured-story-content"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/collecting" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Collecting</span></a></div><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="e69a9029-8e2f-49d1-bb0c-dc693602214f" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/e69a9029-8e2f-49d1-bb0c-dc693602214f" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Interview. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">A guide to Japanese woodblock master Hiroshige — according to his leading collector</span></a></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span6 layout-desktop__grid--column-start-7 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="1" data-trackable-context-story-siblings="5" class="featured-story featured-story--hide-image-on-mobile"><div class="featured-story__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/32ca9aae-5d04-403d-8057-b06302b24f5f" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F6de5ceb6-06c0-4c91-9a76-abf9ed4975b3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F6de5ceb6-06c0-4c91-9a76-abf9ed4975b3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F6de5ceb6-06c0-4c91-9a76-abf9ed4975b3.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="Mati Diop: ‘I dream my films very deep’" class="image image--width-580"/></picture></a></div><div class="featured-story-content"><div class="story-group__title"><a data-trackable="story-group-title-link" data-trackable-context-story-link="story-group-title-link" href="https://www.ft.com/film" class="link" target="_self" aria-hidden="false"><span class="text text--color-claret text-sans--scale-0 text--weight-600" id="">Film</span></a></div><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="32ca9aae-5d04-403d-8057-b06302b24f5f" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/32ca9aae-5d04-403d-8057-b06302b24f5f" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">HTSI. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Mati Diop: ‘I dream my films very deep’</span></a></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-2 layout-desktop__grid--hidden layout-desktop__grid--with-padding"><div class="separator--solid"></div></div><div class="layout-desktop__grid layout-desktop__grid--span4 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-3"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="secondary" data-trackable-context-story-position="2" data-trackable-context-story-siblings="5" class="featured-story featured-story--hide-image-on-mobile"><div class="featured-story__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/2a228472-da0f-4d7f-81f3-dbbbf23455ae" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F99dffe1c-63e7-4431-8c6c-30b1a72c123e.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F99dffe1c-63e7-4431-8c6c-30b1a72c123e.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F99dffe1c-63e7-4431-8c6c-30b1a72c123e.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="When does punk protest become 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href="/content/9e39bd0d-dbb3-4c2d-8352-40f46367cb9a" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Review. </span></span><span class="text text--color-black text-display--scale-2 text--weight-400" id="">Woven Histories at MoMA — threadbare show is 40 years out of date</span></a></div></div></div></div></div></div></div></div></div></div></div></section></div><div data-trackable="list:video" data-trackable-context-list-type="video" data-trackable-context-list-position="17" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice story-group-named-slice slice--full-bleed slice--full-bleed--less-top-padding slice--dark"><div class="slice__content"><header id="video" class="slice-heading"><h2 class="slice-heading__title"><a data-trackable="link" data-trackable-context-story-link="link" href="/video" class="link" target="_self" aria-hidden="false"><span class="text text--color-white text-sans--scale-0" id="">Video</span></a></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span12 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout--dark"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storycollection;storyGroup:xlarge" data-trackable-context-storygroup-size="xlarge" data-trackable-context-storygroup-title="storycollection" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="1" class="layout-desktop--full-height"><div class="layout-desktop__grid-container story-collection"><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1"><div class="layout__grid-content"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="4" class="grid grid--1-columns grid--s3-spacing video__article-wrapper"><div class="grid-item grid-item--span-3 video__image"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/video/1315e028-8cbb-40fa-b9eb-4ba2df57edfc" class="link" target="_self" tabindex="-1" aria-hidden="true"><div class="preview__image--container"><div class="play__icon--wrapper"><span class="icon icon--play video icon--scale-3"> <span class="o-normalise-visually-hidden">play video content. </span></span></div><div class="preview__image--wrapper"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fnext-video-editor-images.s3.ap-northeast-1.amazonaws.com%2F8f78e409-3fc1-411b-a80e-038ccfe9aa3c?source=next-home-page&dpr=2&width=180&fit=scale-down"/><source media="(max-width: 580px)" 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id=""><span>38 min</span></span><div class="headline js-teaser-headline headline--scale-2 headline--color-white" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/video/1315e028-8cbb-40fa-b9eb-4ba2df57edfc" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="icon icon--video icon--scale-2"> <span class="o-normalise-visually-hidden">video content. </span></span></span><span class="text text--color-white text-display--scale-2 text--weight-400" id="">Jamie Dimon urges US to engage with China</span></a></div><span class="text text--color-white text-sans--scale-2" id=""><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-24-hours" dateTime="2025-04-15T15:51:20+0000">379 hours ago</time></div></span></div></div></div></div><div class="layout-desktop__grid 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data-trackable-context-storygroup-siblings="2" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--3-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-3 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="7" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-1"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__teaser"><div class="headline js-teaser-headline headline--scale-4 headline--color-black" data-content-id="af4ed068-ef31-45a3-a462-3db25b55ce76" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/af4ed068-ef31-45a3-a462-3db25b55ce76" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-4 text--weight-500" id="">Foreign companies flock to ‘panda bond’ market in hunt for China hedge</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/af4ed068-ef31-45a3-a462-3db25b55ce76" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">Multinationals attracted to lower funding costs and protection against deteriorating Washington-Beijing ties</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="primary-story__image primary-story__image--3-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/af4ed068-ef31-45a3-a462-3db25b55ce76" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fcb204668-21f1-4802-a6b8-08393ffcc1ca.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fcb204668-21f1-4802-a6b8-08393ffcc1ca.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fcb204668-21f1-4802-a6b8-08393ffcc1ca.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="Foreign companies flock to ‘panda bond’ market in hunt for China hedge" class="image image--width-580" loading="lazy"/></picture></a></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="61434cdf-29b4-43a4-b3e7-fd7ef8cea22e" data-is-exclusive="false" data-is-scoop="true"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/61434cdf-29b4-43a4-b3e7-fd7ef8cea22e" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Japan’s share buybacks nearly triple as governance push gains pace</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-2"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="2" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="089be1ce-e2ea-4540-8ed4-05362f0cad58" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/089be1ce-e2ea-4540-8ed4-05362f0cad58" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">UBS, Barclays and SocGen reap trading windfall from market turmoil</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-3 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="3" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="08d91dc3-2c4b-4281-8a3c-55350ee550f8" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/08d91dc3-2c4b-4281-8a3c-55350ee550f8" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Chinese investors pile into gold funds at record pace</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-3 story-group--column-start-1"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="4" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="21ff41b7-b4eb-4a51-8f8d-bfd83acf6372" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/21ff41b7-b4eb-4a51-8f8d-bfd83acf6372" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Trump’s first 100 days mark worst for US stock market since Gerald Ford</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-3 story-group--column-start-2"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="5" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="4e87cdce-3b35-435f-9c63-390e8d453bd4" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/4e87cdce-3b35-435f-9c63-390e8d453bd4" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Demand for Chinese stocks lifts Hong Kong exchange’s profits</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-3 story-group--column-start-3 story-group--end-of-row"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="6" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="15aa0ba7-e06c-4dd6-a7f5-cbd33dcdccac" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/15aa0ba7-e06c-4dd6-a7f5-cbd33dcdccac" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-display--scale-2 text--weight-500" id="">Private acquisitions strip more than $1tn from European equity markets in a decade</span></a></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"></div></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div></div></div></div></div></div><div class="layout-desktop__grid layout-desktop__grid--span3 layout-desktop__grid--column-start-10 layout-desktop__grid--row-start-1 layout--default"><div class="layout__grid-content"><div data-trackable="group:markets-news;groupSize:small" data-trackable-context-storygroup-size="small" data-trackable-context-storygroup-title="markets-news" data-trackable-context-storygroup-position="1" data-trackable-context-storygroup-siblings="2" class="layout-desktop--full-height"><div class="links-promo"><div class="list list--vertical"><h3 class="text text--color-black text-sans--scale-0 text--weight-600" id="">More markets news</h3><ul class="list__items-wrapper"><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="0" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/alphaville" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Alphaville</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="1" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://markets.ft.com/data" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Markets Data</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="2" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/capital-markets" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Capital Markets</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="3" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/commodities" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Commodities</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="4" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/currencies" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Currencies</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="5" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/equities" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Equities</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="6" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/fund-management" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Fund Management</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="7" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/ft-wealth-management" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Wealth Management</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="8" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/ft-trading-room" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Trading</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="9" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://www.ft.com/moral-money" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">Moral Money</span></a></div></div></li><li><div data-trackable="story:related-link" data-trackable-context-story-type="related-link" data-trackable-context-story-position="10" data-trackable-context-story-siblings="11" data-id="markets-news-links-promo" data-name="list" data-type="list" data-subtype="" class="list__links"><div class="list__item-link"><a data-trackable="related-link" data-trackable-context-story-link="related-link" href="https://etf.ft.com/" class="link" target="_self" aria-hidden="false"><span class="text text--color-black text-sans--scale-0" id="">ETF Hub</span></a></div></div></li></ul></div></div></div></div></div></div></div></section></div><div data-trackable="list:technology" data-trackable-context-list-type="technology" data-trackable-context-list-position="20" data-trackable-context-list-siblings="21" class="story-group-slice"><section class="slice slice--default"><div class="slice__content"><div class="separator--dotted"></div><header id="technology" class="slice-heading"><h2 class="slice-heading__title"><a data-trackable="link" data-trackable-context-story-link="link" href="/technology" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-80 text-sans--scale-0" id="">Technology</span></a></h2></header><div class="layout-desktop__grid-container"><div class="layout-desktop__grid layout-desktop__grid--span9 layout-desktop__grid--column-start-1 layout-desktop__grid--row-start-1 layout-desktop__grid--with-border layout--default"><div class="layout__grid-content"><div data-trackable="storyGroupTitle:storygroup;storyGroup:large" data-trackable-context-storygroup-size="large" data-trackable-context-storygroup-title="storygroup" data-trackable-context-storygroup-position="0" data-trackable-context-storygroup-siblings="2" class="layout-desktop--full-height"><div class="story-group"><div class="grid grid--3-columns grid--fullHeight" style="grid-template-rows:min-content;-ms-grid-rows:min-content"><div class="story-group__article-wrapper story-group--row-start-1 story-group--column-start-1 story-group--full-width-3 story-group--end-of-row"><div class="story-group__article story-group__article--lead"><div data-trackable="story:lead" data-trackable-context-story-type="lead" data-trackable-context-story-position="0" data-trackable-context-story-siblings="7" class="grid grid--3-columns grid--s4-spacing grid--fullHeight"><div class="grid-item grid-item--span-1"><div class="grid grid--1-columns grid--s3-spacing"><div class="primary-story__teaser"><div class="headline js-teaser-headline headline--scale-4 headline--color-black" data-content-id="9b4dc691-ed86-4d13-8026-321433f76091" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/9b4dc691-ed86-4d13-8026-321433f76091" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-4 text--weight-600" id="">#techAsia. </span></span><span class="text text--color-black text-display--scale-4 text--weight-500" id="">Tariffs push Apple closer to Asia and Alibaba challenges DeepSeek</span></a></div><p class="standfirst"><a data-trackable="standfirst-link" data-trackable-context-story-link="standfirst-link" href="/content/9b4dc691-ed86-4d13-8026-321433f76091" class="link" target="_self" aria-hidden="false"><span class="text text--color-black-60 text-sans--scale-0 text--style--no-active-state" id="">The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times</span></a></p></div><div class="grid-item grid-item--span-1 grid-item--align-self-end"><div class="metadata metadata__timestamp"><div class="timestamp"><time class="timestamp-date o-date" data-o-component="o-date" data-o-date-format="time-ago-limit-4-hours" dateTime="2025-05-01T07:44:01+0000">3 hours ago</time></div></div></div></div></div><div class="primary-story__image primary-story__image--3-cols"><a data-trackable="image-link" data-trackable-context-story-link="image-link" href="/content/9b4dc691-ed86-4d13-8026-321433f76091" class="link" target="_self" tabindex="-1" aria-hidden="true"><picture><source media="(min-width: 1024px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F53ba7448-ab8e-4f4b-8a67-e18fbf8b1529.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><source media="(max-width: 580px)" srcSet="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F53ba7448-ab8e-4f4b-8a67-e18fbf8b1529.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down"/><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F53ba7448-ab8e-4f4b-8a67-e18fbf8b1529.jpg?source=next-home-page&dpr=2&width=580&fit=scale-down" alt="Tariffs push Apple closer to Asia and Alibaba challenges DeepSeek" class="image image--width-580" loading="lazy"/></picture></a></div></div></div><div class="story-group__separator story-group__separator--hidden"><div class="separator--solid"></div></div></div><div class="story-group__article-wrapper story-group--row-start-2 story-group--column-start-1"><div class="story-group__article story-group__article--secondary"><div data-trackable="story:secondary" data-trackable-context-story-type="secondary" data-trackable-context-story-position="1" data-trackable-context-story-siblings="7" class="grid grid--1-columns grid--s3-spacing"><div class="headline js-teaser-headline headline--scale-2 headline--color-black" data-content-id="6c5a007c-df46-47c6-9e75-3f4fa2c0279b" data-is-exclusive="false" data-is-scoop="false"><a data-trackable="heading-link" data-trackable-context-story-link="heading-link" href="/content/6c5a007c-df46-47c6-9e75-3f4fa2c0279b" class="link" target="_self" aria-hidden="false"><span placeholder="headlineIndicator" class="headline-indicator"><span class="text text--color-black text-display--scale-2 text--weight-600" id="">Due Diligence. </span></span><span class="text text--color-black 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