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Uber brings back chief operating officer role as Khosrowshahi loosens grip

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Ukraine and Russia exchange peace memorandums in Istanbul

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Iran’s supreme leader hits back at US proposal on nuclear programme

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South Korea’s new president says country faces ‘tangled web’ of crises

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Donald Trump says China’s Xi Jinping is ‘hard to make a deal with’

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Why Iranians are seeking safety in gold

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Friedrich Merz plans €46bn corporate tax breaks to revive German economy

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We have ‘surrendered more to the machines’, says quant fund titan Cliff Asness

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British industry exempted from Trump’s doubling of steel tariffs

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Wells Fargo has finally shed its dunce cap

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Wells Fargo shakes off asset cap imposed after ‘fake accounts’ scandal

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Donald Trump orders 50% steel and aluminium tariffs to begin on June 4

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BlackRock removed from Texas blacklist after climate policy rollback

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Citi rescinds policy that restricted dealings with sellers of firearms

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Elon Musk derides Donald Trump’s tax bill as ‘a disgusting abomination’

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New spying claims emerge in Silicon Valley corporate espionage scandal

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Meta agrees 20-year deal to buy output from Illinois nuclear plant

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories