Global stocks tumble as Trump offers no respite from tariffs
Asian shares fall in wake of worst week for Wall Street equities since pandemic
FTAV’s further reading
Dalí in Wonderland; complexity; alternative dimensions; lots of tariff content
The weekend Trump’s tariff threats became real for global investors
If global long-only funds start to rotate out of risk the market turmoil could get worse
Solving for three variables with markets in chaos
And a warning from Canada’s job numbers
How the EU could boost its defence capabilities with an arms-buyers’ club
Also in this newsletter: Why Meloni holds the keys to the EU response to Trump’s tariffs
Hedge funds hit with steep margin calls
Plus, Fink warns on protectionism, US junk bonds sell-off, and the Dolce Vita Orient Express
Where the Bank of England’s QE programme went wrong
And what can still be done about it
GS sees US recession if full tariff rates go into effect
And it’s almost 50-50 even if they don’t
FirstFT: Global market rout over Trump tariffs continues
Also in today’s newsletter, UK to water down private equity rules and Marine Le Pen denounces “witch-hunt”
Woodside sells $5.7bn stake in Louisiana LNG to Stonepeak
Deal dispels fears Australian energy group would struggle to find partners for major US development
The best of TV and streaming this week
Sam Mendes’s ‘What They Found’ is a harrowing Holocaust documentary; BBC drama ‘Reunion’ centres on a deaf ex-convict; Jon Hamm stars in wealth-meets-crime satire ‘Your Friends & Neighbors’; Michelle Williams is uninhibited in ‘Dying for Sex’; gentle parenting comedy takes on autism stereotypes in ‘
Trump’s tariff blitz causes turmoil for green energy sector
Duties pose one-two punch for an industry already reeling from renewed embrace of fossil fuels
How to restore trust in doctors in an age of misinformation
Healthcare workers and officials say falsehoods and conspiracy theories cost lives and are exacerbating inequalities
Singapore start-up Airwallex to seek UK and US banking licences
Corporate payments group secured $5.6bn valuation in 2022 and aims to compete with global banks
The Golden Toilet Heist is a rather jolly true crime podcast
BBC series has fun telling the story of the theft of a solid gold lavatory worth £4.8mn
China reserves firepower for Trump trade battle
Beijing has room to more strictly enforce export controls and step up pressure on US companies
Why the US mortgage market is addicted to big government
Government guarantees on securitised home loans make them generally low risk — but Trump’s policymaking raises concerns
Reunion — BBC drama about a deaf ex-con is a powerful revenge tragedy
Matthew Gurney is brilliantly expressive in BBC series performed largely using British Sign Language
Transcript: How Italy could decide the EU’s response to tariffs
Kasia Broussalian talks to Andy Bounds and Michael Acton
Transcript: Are US tariffs just the beginning? With Abraham Newman
Alan Beattie talks to Abraham Newman, professor of political science at Georgetown University
Hegseth to visit Panama as US raises pressure over canal
Defence secretary’s trip comes after Washington threatens to retake waterway because of Chinese influence
Postcard from London: a high-speed tour of the Thames
Launching this week, a new thrill ride shows visitors the sights at 30 knots — and underlines the river’s transformation from industrial artery to leisure opportunity
My top 10: Enuma Okoro’s picks from Frankfurt’s Städel Museum
Key works from one of Germany’s most important art collections, from Botticelli to Die Brücke
Trump’s attack on higher education
His targets are wrong, but reform is sorely needed