Tuesday, May 7

Senior US officials accuse China of backtracking on its pledges in negotiations to end the trade war, Anadarko Petroleum’s board of directors backs Occidental Petroleum’s $55bn bid, and former Goldman Sachs banker Roger Ng is released under house arrest on $20m bail by a US court over the 1MDB case. Plus, the FT’s Alistair Gray explains the serious accounting problems that have forced Kraft Heinz to restate nearly three years of earnings. For information regarding your data privacy, visit acast.com/privacy