Gyula Balásy offered to transfer assets into state ownership, but the incoming PM has rejected that bid
Activists Pussy Riot hold protest outside pavilion as Brussels issues warning to Italian government and art fair’s organisers
Beijing’s foreign minister meets his Iranian counterpart days before summit between Xi Jinping and Donald Trump
Revised constitution scrubs references to original doctrine while defining country’s borders
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
Initiatives will take a decade to complete but there are some stopgap solutions
The Iran war is the latest mess to spring from the idea that ‘appeasement’ is always wrong
European farmers have long counted on political protection and state support. Now that may be fracturing
Far-right Israeli government uses bureaucracy to cement takeover of Palestinian land
Candidates in pivotal Pennsylvania seat hope to woo voters away from Donald Trump’s Republicans
Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever
Hantavirus outbreak has killed three passengers on ship, which is en route to Tenerife
‘Faire le pont’ — the art of maximising public holidays — is about to reach its zenith
Flamboyant billionaire created first 24-hour news network in US that transformed media and political landscape
Wall Street bank becomes one of a handful of big lenders to offer service
Buyers of additional properties now pay the lion’s share of SDLT in most English local authorities
Move is rare exercise of Financial Conduct Authority’s competition law powers
Increases in cruises and streaming divisions help group mitigate impact of falling visitors to US theme parks
Ride-hailing company posts weaker than expected first-quarter revenues but issues optimistic outlook
Presenter cites ‘ideological realignment’ of rival CBS after it was acquired by billionaire with close ties to Trump
Trump says US military campaign will end if Iran ‘agrees to give what has been agreed to’
Gus O’Donnell calls for funding to teach new skills to people who lose their jobs as a result of the new technology
Take part in a live Ask an Expert Q&A with our trade columnist on Thursday May 7 at 1pm (BST)
From a Vietnam war veteran turned ceramicist to a sci-fi-loving minimalist, there is a deep well of life experience at Frieze New York
Tank maker’s naval unit bids to take over manufacturing of six frigates for German navy
Marc Rowan criticises paper returns of popular private equity funds sold to retail investors
Also in today’s newsletter: DeepSeek’s first fundraising
FCA to investigate ‘poor practices’ and ‘aggressive marketing’ in sector gaining ground amid car finance mis-selling scandal
Criticism of social media posts will not decide elections — but the quality of vetting matters for competency
Zack Polanski also defends party against allegations of antisemitism
US and Iranian forces clashed in the strait during the brief mission to help commercial vessels through the waterway
Strong quarterly trading in Latin America helps FTSE 100 group beat forecasts despite US spirits slump
Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures
Dark matter revealed?
Also in this newsletter: How to reuse and recycle more critical raw materials
Monthly surveys of economic activity and confidence have fallen more sharply among energy importers than in the US
