Good morning, and pleased Friday.

With Japan’s SoftBank and CRH, the world’s largest constructing supplies group, each shunning the London inventory market in favour of New York, we ask: is the Metropolis in bother? Right now’s chart of the day explains why buyers may want the US.

Throughout the Atlantic, Washington has renewed its efforts to cease Moscow from skirting sanctions, as fears develop that items are being funnelled by international locations together with the United Arab Emirates and Turkey.

Right here’s what I’m protecting tabs on at the moment and over the weekend:

• Scholz meets Biden: The German chancellor makes his first state go to to the White Home, with Ukraine on the agenda.

• Moscow on alert: Vladimir Putin convenes his safety council after a bunch claiming to work for Ukraine crossed into Russia and allegedly launched an assault.

• Outcomes: Rightmove, Pearson and Victoria’s Secret report.

• Chinese language politics: China’s rubber-stamp parliament convenes on Sunday. President Xi Jinping is anticipated to additional centralise energy by appointing loyalists to his financial group.

Thanks for all of the suggestions to this point on FirstFT’s new look. Maintain it coming at firstft@ft.com. Have an awesome weekend.

Right now’s prime information

1. Fears for the London inventory market’s future mount after SoftBank and CRH shunned the Metropolis yesterday. Each the proprietor of UK chip designer Arm and the world’s largest constructing supplies group have chosen to record in New York as an alternative. Right here’s why the choice issues.

2. The US has renewed efforts to crack down on sanctions dodging amid rising concern that Russia is fuelling the conflict in Ukraine by funnelling imports by international locations such because the United Arab Emirates and Turkey. Western allies additionally consider there are weak hyperlinks in central Asia and the Caucasus.

3. US borrowing prices are at their highest level since 2007, with the two-year Treasury yield hitting 4.94 per cent and the 10- and 30-year yields crossing 4 per cent for the primary time since November. The strikes observe unrelenting knowledge exhibiting inflation remains to be working scorching.

4. EXCLUSIVE: The UK’s Sizewell C nuclear plant might run into additional delays as the federal government’s drive to lift about £20bn is now anticipated to conclude on the finish of subsequent yr. It has been greater than a decade because the venture was launched. Discover out why progress has been gradual.

5. Koch Industries has appointed a co-CEO from exterior the household, with Dave Robertson becoming a member of billionaire Charles Koch to guide America’s second-largest personal firm. Koch will proceed as chair, a job he has held since 1967. Be taught extra concerning the man with whom Koch is sharing energy.

How properly did you retain up with the information this week? Take our quiz.

The Weekend Essay

Scientists warn we aren’t simply dealing with a mass extinction occasion however that one is already beneath approach. The anxieties surrounding the fragility of ecosystems, nevertheless, are as previous as time. What can we study tackling local weather shocks from finding out hundreds of years of humanity’s response to pure disasters?

We’re additionally studying and watching. . . 

Chart of the day

The string of exits and potential strikes from London underline the UK’s problem in attracting and retaining firms — and US exchanges have been actively courting the dissatisfied. Right here’s why firms are fleeing London’s inventory market.

Take a break from the information

In Bali, plastic baggage are getting a second life as homeware. Plastic flip-flops are remodeled into artwork, and recycled bottle caps change into a chair as a wave of designers, artists and environmental advocates flip the island’s copious garbage into upcycled treasures.

Extra contributions by Gordon Smith and Emily Goldberg