The US president risks harming Ukraine to curb prices driven up by his own war

*Not all bonds

Announcement followed deal with Putin as US president tries to contain impact of higher fuel costs ahead of midterm elections

Owners of PizzaExpress, Morrisons and Itsu seeking exits as buyout groups cool on sector

Also in today’s newsletter: EU-China ‘understanding’ and bank results fears

No*

Misery, thy name is pulled IPO

Plus, JPMorgan’s European ambitions, a surge in US corporate borrowing costs, and painting the French Riviera

Research for the FT shows major economies are withstanding the Iran shock but concerns about rising public debt will loom over IMF and World Bank meetings

While equity investors look to sunny futures, creditors are scrutinising liabilities like leases on data centres

Private equity firm made unusual decision not to announce its acquisition of a 40% stake in camouflage maker Fibrotex

Prime minister’s pledge is backed by tech groups but hedge funds and banks say it will damage competitiveness

Lawmakers from both parties say the agreement would finance Putin’s war machine in Ukraine and violate US law

Ship tried to break through American naval blockade of Iranian ports, Central Command says of its first attack in a month

Ukrainian strikes have triggered worst petrol shortages since collapse of the Soviet Union but diesel supplies are stable

BP and others skip World Petroleum Council meeting after 12 killed in Houthi attack

Lower valuations and reduced competition should help sector to ‘exceptional returns’, says Dipan Patel

Patrick Thomson, who heads the bank’s asset management business in Europe, said he was ‘bullish on the UK’

Hospitals flush with foreign money are expanding rapidly and filling gaps in public infrastructure

More than 800,000 left without power as first major Atlantic storm of the season sweeps Florida, Alabama and Georgia