Bloomberg terminal outage hits traders

Disruption to widely used markets data service affects UK and EU debt auctions

Lady Bamford's geraniums — the good-time girls of gardening

Her 173 varieties come in every shade of pink, and their names — Candy Dancer, Vectis Glitter, Apple Betty — evoke golden-era cabaret dancers. And for Carole Bamford, these easy-growing plants are an ever-fertile obsession

Alcohol groups face a sobering cultural shift

Young adults are taking the health effects of drinking more seriously

The Rehearsal season 2 — deadpan trickster Nathan Fielder is finally dead serious. Or is he?

The reality-blurring comedian is trying to revolutionise the aviation industry with his ambitious Sky/HBO series

Britain will be negotiating with Europe forever

Like a poorer Switzerland, the UK will never find a happy balance of independence and access

Shorting is hot again

Someone alert WallStreetBets

UK inflation jumps to 3.5% in April

Higher than expected rise leads traders to price in just one rate cut in next 12 months

Target cuts outlook after hit from tariffs and store boycotts

Once a Wall Street darling, the retailer has struggled to revive sales that have faltered since the Covid-19 pandemic

Bloomberg Terminal outage support thread

How then shall we live?

FirstFT: Nvidia chief criticises US government chip policy

Also in today’s newsletter, IMF warning to US to tackle its debt burden and the discovery of a Mexican ‘death camp’

EU industry chief pushes ‘buy European’ in response to Trump

Brussels plan would allow member states to bar foreign bidders from government contracts

Corners, the coolest design shop in the Catskills

How a concrete box became a mecca for art books, rare prints – and the world’s best pens

Recipe: extraordinary tortellini . . . with cinnamon, soy sauce and orange juice

This Brooklyn restaurant pasta dish stuns diners, but shocks purists

Beijing or Broadway? Brazil plays both stages in superpower tussle

The country is hedging its bets astutely between the US and China and is needed by both

Third man charged over fire at Starmer’s London home

Ukrainian national is accused of conspiracy to commit arson with intent to endanger life

M&S blames ‘human error’ for cyber attack that will hit profit by £300mn

UK retailer discloses that breach came via supplier and warns online operations will be disrupted until July

Google moves to reassure EU cloud users amid concern over Trump threat

Tech giant offers additional data security protections in EU as local customers express concern over reliance on US tech

Rayner memo shows fault lines in Labour tax and spend philosophy

Push for higher taxes revealed as No 10 debate over winter fuel cuts bursts into public view

Pakistan military warns India is ‘playing with fire’ in Kashmir conflict

Senior army officer calls on international partners to restrain New Delhi from further attacks

UK considers sanctions against Israeli far-right ministers

Discussions regard travel ban and asset freeze on finance minister Bezalel Smotrich and security minister Itamar Ben-Gvir

Inflation and interest rates tracker: see how your country compares

Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you

What to buy if AI is transformative

It might not be the Big Tech companies

FTAV’s further reading

Demonology; Cruise & McQuarrie; US trade deficit; AI slop snafu; oncology 101

Why the EU single market still isn’t getting enough love from Brussels

Also in this newsletter: EU lawmakers demand total freeze of funds for Hungary