To play for the queen to drop, or to take a finesse: that is the question
Opponents’ styles, as well as vulnerability, can feature in decision-making
Bank of Japan to move ahead with a rate increase in June
Read the BoJ’s May forecast from the FT’s Monetary Policy Radar team
Wendy’s is a prime candidate for the Nelson Peltz activist special
One-third drop in the fast-food chain’s share price has created another opportunity for Trian
German government launches Uniper privatisation four years after rescue
Berlin to reduce stake in gas importer from 99% to 25% following nationalisation triggered by Ukraine war
Xi told Trump that Putin might ‘regret’ invasion of Ukraine
US president also suggested they should co-operate with Russian leader against the International Criminal Court
Stockpicker Nick Train receives £9mn payout despite plunge in profits
Investors pull money from group’s funds as asset manager fails to beat stock market for fifth year in succession
Reform UK unveils candidate to challenge Andy Burnham in by-election
Plumber who came second in Makerfield in 2024 election will take on Manchester mayor seeking to become Labour leader
Fourth time’s the charm for stock bears?
What happens after three bumper years of stock returns
Former Spanish PM Zapatero targeted in corruption probe
Ex-Socialist prime minister under investigation over links to airline bailout by Pedro Sánchez’s government
HS2 to cost up to £102.7bn, government admits
MPs told that price tag for high-speed rail line has jumped and project will not be completed until 2040s
EU explores fertiliser stockpiling as food crisis looms
Supplies of crop nutrients have been disrupted by Middle East war
Investors warn of ‘correction’ risk as high-flying stocks defy bond gloom
Wall Street indices have surged to a string of record highs despite anxiety over economic fallout from Iran war
Deloitte announces bigger bonuses and more promotions after beating targets
Bonus pool rises by 14% and more than a quarter of UK staff will be elevated to new roles
The Mandalorian and Grogu — the Star Wars that Gen Alpha deserves
Pedro Pascal’s kindly bounty hunter and Baby Yoda take a big-screen leap that’s precision-tooled for 10-year-olds
Vance and the race to succeed Trump
Also in today’s newsletter, Trump drops IRS lawsuit
Son of billionaire Mango founder detained over father’s fatal mountain fall
Fashion chain boss Isak Andic died while on a hiking trip with his son Jonathan two years ago
Fjord film review — Sebastian Stan and Renate Reinsve are magnetic in this highly charged drama
The Oscar-nominated actors play devout Christian parents in a Norwegian coastal town, where polarised ideologies begin to clash
Deutsche Bank fined by UK for breaching Russia sanctions
OFSI fines lender £165,000 over payments linked to streamer Okko
For the ECB, the only way is up
With the Strait of Hormuz still closed and markets relatively calm, there is not much stopping a rate rise
Monzo boss pledges European expansion as profits jump
Diana Layfield pointed to ‘Monzo-shaped hole’ in markets across Europe
Submit your questions: Is Trump’s economic agenda working?
Take part in a live Ask an Expert Q&A with the FT’s senior US columnists Edward Luce and Rana Foroohar on Thursday May 21 at 1pm BST
Solar’s day in the sun is rapidly approaching
Plus, why Citadel is rapidly expanding its LNG operations
Sweden selects French navy frigates in €3.7bn deal in blow to UK’s Babcock
Two countries deepen defence co-operation as Europe boosts military spending to deter Russia
America’s ailing one-trick pony
Trump’s excessive faith in military power is squarely within the US tradition