Top headlines from across today’s paper
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FINANCIAL TIMES
Wednesday, 7 May 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
India launches military strikes on Pakistan
 
New Delhi takes action after linking Islamabad to militant attack in Indian-administered Kashmir
 
 
US and China to launch formal trade talks
 
Washington dispatches Treasury secretary Scott Bessent to meet Chinese counterparts in Switzerland this weekend
 
 
UK closes in on US trade pact with lower tariff quotas for cars and steel
 
London to offer concessions on digital services tax in deal that could be agreed this week
 
 
Chancellor on pause: Bundestag stings Friedrich Merz on day one
 
First failed vote highlights Germany’s new head of government has a thin majority to deliver an ambitious programme
 
 
The old global economic order is dead
 
China and others must think afresh as the US steps away from its role as balancer of last resort
 
 
 

Top Headlines from the International Editions

 
 
 
Mark Carney holds his own in Oval Office encounter with Donald Trump
 
Bonhomie strained as US president muses about annexing his northern neighbour and his dislike of former Canadian PM
 
 
Pegasus spyware creator ordered to pay WhatsApp $168mn for 2019 hack
 
NSO Group could be exposed to liability from other technology groups for exploiting their platforms’ vulnerabilities
 
 
EV maker Rivian cuts 2025 production target on tariff turmoil
 
Carmaker engaging in ‘strategic sourcing’ to mitigate supply chain issues with imported inputs such as battery cells
 
 
Buffett’s bet of the century
 
How the Oracle of Omaha embarrassed his own industry
 
 
Europe’s last maker of key antibiotics ingredients shuts biggest domestic factory
 
Xellia Pharmaceuticals to close Copenhagen plant and shift some production to China
 
 
 

Markets

 
 
 
Brussels seeks to force EU companies to disclose Russian gas contracts
 
European Commission will propose rules next month requiring contract details to be shared with energy and security authorities
 
 
Argentina’s wine heartland eyes copper riches
 
Mendoza could open new mine in a nationwide rush for the red metal under President Javier Milei
 
 
Ather’s muted debut bodes ill for Indian e-scooter and IPO markets
 
Shares fall as investors show concern over unprofitable sector and volatile stock markets
 
 
How Buffett did it
 
It’s more than great stock picks and insurance premiums
 
 
European and UK companies lay bare the pain from Donald Trump’s trade war
 
Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty
 
 
 

Companies

 
 
 
AI agents: from co-pilot to autopilot
 
An in-depth look at the hype and reality around “agentic AI” — the use of AI agents that perform tasks autonomously. 
 
 
Skechers and 3G show public stock markets a clean pair of heels
 
The sneaker maker’s low debt and high ratio of sales outside the US made it an attractive takeover target
 
 
Czech court halts $18bn nuclear reactor deal after rival complaint
 
France’s EDF successfully halts Prague’s purchase of two South Korean-made units
 
 
Desmond’s legal action over National Lottery boosted by disclosure gaffe
 
UK media tycoon’s Northern & Shell suing Gambling Commission after contract award to Allwyn
 
 
DoorDash strikes £2.9bn deal for Deliveroo
 
UK food delivery company had been struggling since going public four years ago
 
 
 

Opinion

 
 
 
The west’s shameful silence on Gaza
 
The US and European allies should do more to restrain Benjamin Netanyahu