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Trump and Musk’s allies urge reconciliation after damaging split

Tech industry fears commercial and political damage from breakdown in relationship between Tesla boss and US president

FT Swamp Notes. Are Trump and Musk now enemies?

The Weekend Essay. Cyber crime is surging. Will AI make it worse?

William F Buckley and the revolution that wasn’t

The Big Read. How corporate America learnt not to mess with Texas

TOP STORIES

US-China trade dispute

Trump says US-China trade talks to be held in London on June 9

Announcement follows phone call between American president and Chinese leader Xi Jinping

Top Paul Weiss lawyer defects from firm after its capitulation to Trump

Ex-New York US Attorney Damian Williams joins rival that defeated White House in courtroom challenge

Musk’s feud with Trump muddies xAI debt raising for Morgan Stanley

Bank was close to lining up $5bn for artificial intelligence group when US president and billionaire attacked each other

Kilmar Armando Abrego Garcia

Man wrongly deported to El Salvador returns to US to face human ‘smuggling’ charges

Prosecutors accuse Abrego Garcia of conspiracy to bring migrants from Ecuador, El Salvador and elsewhere to the US

Spotlight

The corporate winners and losers under Donald Trump

How global companies have fared since the US president’s inauguration

Wish you weren’t here? Why people of all ages want to leave the UK

Quitting the UK might save you a small fortune in tax, but could still cost you in other ways

1 hour ago

Best of FTWeekend

FT Magazine. There’s no leader quite like Toyota’s Akio Toyoda

How the scion of Toyota’s founding family has expanded his influence since becoming chair

Undercover Economist. Why is modern commerce corrosive?

Lunch with the FT. UN nuclear chief Rafael Grossi: ‘I am a calm person. I focus on what I can do’

The IAEA’s director-general on why Iran is his ‘biggest preoccupation’ — and the challenges of safeguarding Zaporizhzhia in Ukraine

The beguiling charm of a bedtime phone call

Do too many people want a slice of Cape Town?

South Africa’s second city is at a crossroads: those flocking to live there are powering the economy, but also driving up house prices and exacerbating a strained market and local infrastructure. For a city surrounded by ocean and mountains, the expansionist path forwards is a complex one

Beach-hopping by bike on Spain’s Costa de la Luz

Most read

News

Winklevoss-backed crypto group Gemini files for Wall Street IPO

Filing comes a day after stablecoin operator Circle surged in its public debut

Senior Fed official puts ‘50-50’ odds on tariffs sparking sustained inflation

Head of the US central bank’s St Louis branch Alberto Musalem expects uncertainty ‘through the summer’

Donald Trump calls for ‘full point’ rate cut after jobs report

Japanese economy

Japanese queue for hours as rice shortage deepens

Rising prices and poor harvest create political pressure for Prime Minister Shigeru Ishiba ahead of July poll

Tucker Carlson was on White House list of potential TikTok investors

Vice-president JD Vance pushed for rightwing media star’s inclusion in a deal for video app

Switzerland proposes forcing UBS to add $26bn in capital

‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse

Manchester United PLC

Manchester United’s shares jump in rare sign of support for owners

English Premier League club reports sharp fall in costs and raises earnings guidance

Germany’s Merz signals long-term US reliance after Trump meeting

Chancellor says he pitched car trade deal during inaugural visit to White House

Man Group orders quants back to office five days a week

Hedge fund tightens flexible working after period of poor performance for its systematic investing arm AHL

Opinion

How to put Britain back on the opportunity escalator

Breaking down the barriers to aspiration is not impossible — here’s one way to do it

The FT View. It’s time for private equity to go back to basics

The industry should be more hands on to generate real business value

The editorial board

US fiscal policy is going off the rails — and nobody seems to want to fix it

The Long View. Why we should worry about the rise of stablecoins

More Opinion

US News

Senior Fed official promises major overhaul of US bank regulation

New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels

Trump’s steel and aluminium tariffs expected to push up US import costs by $100bn

US sidelines Europe and turns to Gulf to drive Iran nuclear talks

Trump attacks ‘crazy’ Musk as relationship implodes

Judge blocks Trump’s ban on foreign Harvard students entering US

US imposes sanctions on four ICC judges

US oil companies lobby Republicans to keep Biden’s hydrogen tax credits

Podcasts

Swamp Notes podcast. Trump’s big play to save steel production

18 min listen

Political Fix. Facing down a fiscal firestorm

29 min listen

The Economics Show. The Wolf-Krugman Exchange: the crisis of trust

44 min listen

FT News Briefing. Trump and Xi break the ice

12 min listen

Breakfast in bath — yes or eurgh?

Video

Petrobras: fuelling the future or stuck in the past? | FT Film

73 hours ago

20 min

Japan's population crisis reaches tipping point | FT Film

366 hours ago

Michael Saylor's $40bn bitcoin bet | FT Film

577 hours ago

Brexit50 min

Peter Mandelson: 'We're all engaged in a strategic rivalry with China' | FT

616 hours ago

Highlights

‘An epic failure’: Russia reels from surprise Ukrainian attack on bomber fleet

Audacious drone raid threatens Moscow’s military operations and exposes vulnerability deep within its territory

Why does Maga world hate Europe?

‘Mischief before money’: inside the M&S hackers’ hunt for new targets

The RBS story: how the world’s biggest bank was nationalised and then reborn

Haitian gangs threaten to topple last government stronghold

Tariffs take Detroit to verge of break-up with ‘best friends’ in Canada

Lagarde discussed leaving ECB early to head WEF, says Schwab

Technology

Builder.ai owes money to corporate spies and defamation lawyers

Microsoft-backed UK tech unicorn hired reputational management specialists after FT reported on founder’s legal issues

Lex. Lessons from a stablecoin IPO: tech turns on a dime

We need a new deal for the web

FT Alphaville. Palantir is nuts. When’s the crash?

Business Insight. Silicon Valley’s abundance of hype over abundance

Cristina Criddle

Lex. Sony turns anime from fandom to financials

#techAsia. TSMC’s rosy outlook and Huawei’s investment web

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