Top headlines from across today’s paper
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FINANCIAL TIMES
Thursday, 8 May 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
US wants UK military to focus more on Europe and away from Asia
 
Pentagon believes British should place more emphasis on their own region in policy shift from Biden administration
 
 
Pakistan vows to retaliate after India launches military strikes
 
Islamabad said it shot down five Indian military jets in response to assault it claims killed 31 people
 
 
Federal Reserve warns of rising economic risks as it holds rates steady
 
Policymakers say inflation and unemployment could increase as Donald Trump’s tariffs heighten uncertainty
 
 
Take no comfort from America’s Trump backlash
 
The revolt against him isn’t huge, and it isn’t about constitutional principle
 
 
Military briefing: How Indian might stacks up against Pakistan
 
Tit-for-tat strikes represent most extensive exchange between neighbours in decades
 
 
 

Top Headlines from the International Editions

 
 
 
China’s Xi Jinping likens ‘US hegemony’ to ‘fascist forces’ ahead of Vladimir Putin summit
 
Chinese and Russian presidents to signal strength of their alliance in Moscow meeting
 
 
US scraps Biden-era rule that aimed to limit exports of AI chips
 
Prospect of overhaul to planned regulation offers relief to semiconductor companies such as Nvidia
 
 
Black smoke signals no Vatican consensus on a new pope
 
Catholic cardinals divided on successor to reformist Francis after first round of voting in secretive conclave
 
 
Iranian terror suspects ‘targeted Israeli embassy in London’
 
Cell was in final stages of planning for attack on Israeli diplomatic mission, people familiar with investigation say 
 
 
Millennium in talks with Goldman’s Petershill Partners about stake sale
 
Buyers could include some of the largest investors in Izzy Englander’s firm
 
 
 

Markets

 
 
 
UK regulator to dilute mortgage lending rules
 
FCA responds to prime minister’s call for watchdogs to focus on promoting economic growth
 
 
Stablecoins should be treated as currency
 
Unless their use is defined under law, and accounting rules, they will remain a poor medium of exchange
 
 
Are investors making another run at Hong Kong’s dollar peg?
 
GLWT
 
 
Geely to take EV unit Zeekr private a year after New York float
 
Chinese auto group blames ‘increasingly complex economic environment’, as it faces rising competition in home market 
 
 
Where will the US economy be at year end?
 
Re-entering the prediction matrix
 
 
 

Companies

 
 
 
Business school teaching case study: taking accountancy from spreadsheets to AI
 
Artificial intelligence raises opportunities and risks for audit quality and financial reporting
 
 
Moving NHS ‘from analogue to digital’ will cost £21bn, think-tank says
 
Health Foundation says government will have to go beyond existing budget to fund ‘big shift’ in care
 
 
Iberdrola secures £600mn loan from UK state fund to upgrade power grid
 
National Wealth Fund helps finance plan to develop electricity network between Scotland and England
 
 
British chip designer Arm latest to be hit by Trump tariff uncertainty
 
SoftBank-owned company reported its fourth-quarter results and issued a conservative sales outlook
 
 
California sues Trump administration over blocked funds for EV charging
 
Lawsuit with other Democrat-led states is the latest in a series of legal actions opposing US president’s executive orders
 
 
 

Opinion

 
 
 
Why Pakistan can’t afford another conflict with India
 
The country’s economic