Top headlines from across today’s paper
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FINANCIAL TIMES
Thursday, 1 May 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
Apple referred to criminal prosecutor for ‘thwarting’ order to change App Store
 
Judge’s scathing verdict — including ruling an executive lied under oath — marks new twist in legal battle with Epic Games
 
 
Australia: caught between a slowing China and a chaotic US
 
As it heads to the polls, the country is facing a geopolitical crunch and deep economic challenges. Analysts fear politicians are looking the other way
 
 
Microsoft shares jump after strong AI demand lifts cloud unit
 
Profits rise nearly a fifth in March quarter sending stock up as much as 9% in after-hours trading
 
 
US and Ukraine sign natural resources deal
 
Agreement establishes a ‘reconstruction investment fund’ after weeks of fraught negotiations
 
 
Canada is a warning to Britain’s Trump-loving Tories
 
The Conservatives must choose between their US obsession and their electoral viability
 
 
 

Top Headlines from the International Editions

 
 
 
Sam Altman’s eyeball-scanning project Worldcoin makes US debut
 
Trump administration’s friendliness towards crypto cleared the way for company to launch in America
 
 
Japan’s share buybacks nearly triple as governance push gains pace
 
Companies opt for placating investors over holding dry powder for tariff uncertainties
 
 
Paramount ready to settle $20bn Trump lawsuit against CBS News
 
Potential deal comes after studio’s owner Shari Redstone grew frustrated with ‘balance’ of coverage
 
 
US economy contracts at 0.3% rate as Trump’s tariffs prompt import surge
 
First-quarter figures affected by stockpiling but other indicators remain strong
 
 
Donald Trump endorses New York archbishop for next pope
 
Cardinal Timothy Dolan led prayers for both inaugurations of US president but seen as a long-shot in papal conclave
 
 
 

Markets

 
 
 
S&P 500 closes higher as investors shrug off disappointing US data
 
Blue-chip index concludes its seventh consecutive session of gains
 
 
FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem
 
UK financial watchdog wants greater action to curb scams on social media
 
 
BoE watchdog tells banks and insurers to fix climate risk ‘gaps’
 
Most lenders did not consider the issue a material danger except for the ‘reputational risk’, PRA said
 
 
What the US stands to lose from a dented dollar
 
In markets and politics, it will be more short-termist, less resilient and much more reliant on the kindness of strangers
 
 
Shein explores US restructuring as tariffs threaten to derail London IPO
 
Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market
 
 
 

Companies

 
 
 
7-Eleven owner opens books wider to Couche-Tard’s $50bn bid
 
Japan’s Seven & i gives Canadian rival access to financial information long requested for due diligence work
 
 
Meta beats expectations and boosts spending as it shrugs off tariff impact
 
Zuckerberg says tech giant is ‘well positioned’ despite drop-off in revenue from Chinese advertisers
 
 
How China has changed the game for AI valuations
 
The nature of competitive advantage has already moved beyond the vertically integrated model pursued by Elon Musk’s XAI
 
 
Spain’s antitrust watchdog approves BBVA’s €11bn hostile bid for Sabadell
 
Government will now have final say on deal that could make banks a force in Spanish loan market
 
 
Starbucks shares slide as investors question cost of turnaround plan
 
Coffee chain to raise spending on baristas as it emphasises labour over gadgets to bring customers back
 
 
 

Opinion

 
 
 
The English town that can’t wait to be a theme park