Austrian bank has faced pressure to quit, but exit has been complicated by court process
Alis Biosciences then plans to list and offer big investors an easy way to spread their bets
MP Materials has been sending concentrates to Chinese partner as it races to expand in US
Streaming service’s shares gain as earnings beat Wall Street’s forecasts
Progress in ‘tariff diplomacy’ will determine level of danger for economy, says Jonathan Gray
Franchise model under consideration would target expansion and end relegation in top level of men’s game
Tesco and Sainsbury’s preparing a fightback, as grocer turns to price cuts to reverse decline in market share
Moscow hopes transfer of seized business back to Italian owner will show companies a path back into Russian market
French group maintains pledge to expand oil, gas and green businesses while BP and Shell rein in electricity ambitions
Chinese carmaker’s absence from the US, once seen as a weakness, has turned into an asset
Media executive plans to launch a ‘suite’ of digital subscription services to arrest long-term decline in cable
Also in today’s newsletter, Harvard pushes back against the White House and Yuval Noah Harari on the Trumpian world view
Beijing warns planned US port charges will drive up shipping costs and disrupt supply chains
John Moolenaar warns banks of ‘regulatory, financial and reputational risks’ for working on deal
Standstill shows how Sino-American trade war has spilled into energy sector
Plus, US regulators’ antitrust fight with Big Tech continues and some ‘clearly unusual’ trades related to Trump family appointments
Are you buying the dip, battening down the hatches or carrying on as normal?
Tariffs on imported new cars may prop up the values of existing vehicles, such as those in rental group’s fleet
Enforcement resources directed at gangs at the top rather than consumers who flout law
Fund manager warns economic slowdown due to tariffs could hit Facebook owner’s revenues
Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race
Clash threatens to jeopardise Saudi stake, as authorities try to attract more Gulf investment
Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses
Promising late-stage trial results lift US pharmaceutical group’s shares almost 15%
Flurry of multimillion-dollar levies undercuts Narendra Modi’s pledge to ease burdens on business
Some insiders unloaded stock before Trump’s ‘liberation day’ announcement but many more were restricted from doing so
Federal court’s decision heightens the risks that Silicon Valley behemoth will need to sell assets
US company says it ‘did not perform to expectations’ in first quarter
Strong performance comes despite worsening ties between Washington and Beijing
Government stepped in to take control of struggling company but is keen to attract private sector investment
As it races towards 1bn users the AI company needs to explain what, exactly, ChatGPT is for
Marks and Spencer and J Sainsbury intervene over veterinary agreement ahead of ‘reset’ summit next month
Concerns that sensors in electric vehicles could be used to gather intelligence
Quarter of energy company’s investors vote against re-election of outgoing chair Helge Lund
$JAAArgh
Three-way transaction will hand fintech FIS control of Global Payments’ issuer solutions arm
