How much is Anthropic really worth?

Washington discusses Russian deals for US oil majors in Ukraine peace talks

White House proposes renewed postwar business ties in an effort to bring President Vladimir Putin to the negotiating table

The limits of hedging the AI boom

As tech investment soars, finding protection is becoming more urgent — and harder

Iran threatens South Korean shipping group over Hormuz transits

Sinokor accused of repeated ‘crossing violations’ by regime that has only enforced its rules through military action

Anthropic’s constitutional order

Plus, Lula’s victory

Anthropic’s big financial reveal

Here are the big takeaways from the start-up’s IPO prospectus

Tech stocks rally as AI trade revives

Asia follows Wall Street higher in wake of Anthropic’s long-awaited IPO filing

Kone tries to limit asset sales as it seeks Brussels’ approval for €29bn megadeal

Liftmaker seeks to retain TK Elevator’s Spain and Portugal business in test to Brussels’ appetite for regional champions

DWS to honour just 10% of redemption requests at flagship property fund

Cap imposed by Deutsche Bank’s asset manager aims to preserve liquidity and avoid gating fund altogether

‘Bold but sane’: what we learnt from Anthropic’s 240,000-word IPO filing

Prospectus details AI lab’s ‘mission’, $800bn data centre commitments and extraordinary governance structure

Why you shouldn’t bother reading the Anthropic IPO filing

Valuing AI lab based on its historic reported numbers is a fool’s errand

Apollo takes minority stake in Abu Dhabi’s Mubadala Capital

Investment comes 18 months after Mark Walter’s holding company TWG announced deal for equity stake, which was never completed

Anthropic begins countdown to IPO with prospectus filing

240,000-word prospectus lays out explosive growth alongside steep losses and daunting risk factors

Brazil’s markets set to tumble as investors bet Lula will add to fiscal pain

Investors had been positioned for victory by rightwing Bolsonaro, seen as more willing to tackle budget deficit

Singapore to store Saudi oil in rock caverns

Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption

Bon Secours nears $6bn takeover of Bain-backed Surgery Partners

US hospital chain is the latest not-for-profit healthcare provider to seek a large deal

Mark Carney’s energy ambitions boosted by Conservative victory in British Columbia

Party leader wants to end emissions limits and replace province’s carbon tax framework

Will the Fed drop any hints on rate rises?

Market Questions is the FT’s guide to the week ahead

Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses

Case will test the Baltic Exchange’s decision to keep publishing price estimates for shipping oil through the Strait of Hormuz during the war

Chart of the Week: French government and corporate bond yields are converging

Some companies’ bonds now yield less than government bonds