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FINANCIAL TIMES
Saturday, 2 May 2026
 
 
 

Top Headlines from the UK Edition

 
 
 
US warns Europe of delays to arms shipments as Iran war drains stockpiles
 
Deferred deliveries could include those used in Ukraine’s defence against Russia
 
 
Donald Trump’s Iran war leaves US with sharpest fuel shock in G7
 
Petrol and diesel prices are rising more swiftly in America than other major economies including the UK and Canada
 
 
Donald Trump says he will raise tariff on EU vehicles to 25%
 
Levies on cars and trucks exported to US will be imposed ‘next week’ unless companies manufacture at American plants
 
 
Jane Street employees paid $9.4bn in 2025
 
Trading firm brought in record $40bn amid financial market volatility
 
 
The shrinking of Jewish life in Britain
 
It should be entirely possible to be anti-Israel without sinking to dehumanising language
 
 
 

Top Headlines from the International Editions

 
 
 
Spirit Airlines prepares to cease operations as bailout talks founder
 
Trump says US still ‘looking’ at a rescue for bankrupt budget carrier but would only proceed ‘if it’s a good deal’
 
 
Private credit group Ares draws nearly $20bn from investors
 
Real estate and infrastructure commitments help offset weakness in group’s core business
 
 
Pentagon signs new military AI deals with Nvidia, Microsoft and Amazon
 
New contracts with tech companies come after clash with Anthropic over Claude use
 
 
Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire
 
Studio’s boss has run into free speech crisis just weeks into his job
 
 
Trump adrift: the president’s second term is at risk of foundering
 
There are signs that voters are losing faith as problems mount for his administration ahead of midterm elections
 
 
 

Markets

 
 
 
Why markets are surging in spite of war
 
Even amid a supply shock, tech stocks continue to drive indices higher. Is the optimism justified?
 
 
New Nasdaq rules offer SpaceX free liquidity
 
Indexing methodology will provide a comfortable cushion for pre-IPO shareholders
 
 
The silent treatment: Saudi Arabia’s long game for managing Opec
 
Middle East conflict forces Riyadh to postpone any response to the UAE’s decision to quit the oil cartel
 
 
Exxon and Chevron defy Trump pressure to boost oil production
 
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices
 
 
Oil market 1 month from crunch point as global reserves dwindle
 
Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption
 
 
 

Companies

 
 
 
Is China decoupling on food?
 
If this is pursued with the same energy as industrial policy, it will upend the agricultural economy
 
 
Apple credits ‘most popular’ ever iPhone for booming sales
 
John Ternus pledges to continue ‘deliberateness and discipline’ in first comments since being named next CEO
 
 
Ultra Electronics agrees £15mn deal to avoid prosecution by UK SFO
 
Defence company accused of failing to prevent bribery in Algeria and Oman
 
 
Directors’ Deals: Costain’s finance chief sells after deferred share award
 
Construction group’s shares have bounced in recent years
 
 
How tough does an investment banking boss need to be?
 
The difference between good and bad leaders turns on whether they recognise when pressure is productive
 
 
 

Opinion

 
 
 
The irresistible rise of authorial AI
 
Humans must get used to living and working with the quirks of machine-written text
 
 
Palantir’s latest hit softwear: a $239 chore coat
 
Who cares about taste when billions of dollars are being bandied about?
 
 
Big airline bosses’ confidence should trouble their investors
 
Carriers do not seem to be baking in slowing demand
 
 
My latest portfolio revealed
 
Now the Bank of England has called the top, I’ve never been so bullish about stocks
 
 
Must we really ‘do lunch’?
 
Yes we’re late to this. But no one has solved it yet, so here goes
 
 
 

Work & Careers

 
 
 
Tesco argues equal pay claim disregards ‘economic reality’
 
Supermarket one of several retailers forced to explain salary differences to employment tribunals
 
 
Inside the hotel that makes the Met Gala run
 
The Mark is one of New York’s most elite addresses. Ahead of ‘fashion’s biggest night out’, we went behind the concierge desk to see how they keep the rich and famous happy
 
 
WPP boss faces pay battle after opposition from proxy shareholder groups
 
Investors told to vote against proposed £11mn pay deal for chief executive Cindy Rose next week
 
 
 
 
 
 
 
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