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Russian officials say the death toll from Monday’s metro bomb attack has risen from 11 to 14, after three people died in hospital overnight. Forty-nine were injured in the bombing, which ripped through the subway in St Petersburg. The authorities in have declared three days of mourning in Russia’s second city. The White House said President Donald Trump called to offer his support to Vladimir Putin. 

The prime suspect in the attack has been named as 22-year-old Akbarzhon Jalilov. Kyrgyz intelligence agencies say he is a Russian citizen born in the former Soviet republic of Kyrgyzstan. The authorities have not said whether he acted alone or had ties to militant groups, or even whether he was killed in the bombing. (FT, BBC, Guardian, NYT)

In the news

Tesla roars ahead of Ford The upstart electric carmaker surpassed the US motor pioneer in market value, as investors looked to a future beyond the internal combustion engine. Not all analysts are convinced: “Let’s remember: Ford earns money, lots of it. Tesla does not.” (FT) 

High and dry in India Thousands of businesses have been hit by a Supreme Court decision to ban the sale of alcohol within 500 metres of a national highway. The move to curb drink-driving has been a huge blow from Delhi Airport’s new Aerocity hotel cluster to the beachside resorts of Goa and Kerala. (FT) 

South Africa downgrade The rand tumbled after Standard & Poor’s cut the country’s credit rating, putting it behind almost all emerging market currencies. (FT)

Sisi’s Washington moment The Egyptian strongman is basking in the approval of Donald Trump, who ignored the former general’s human rights record and pledged unstinting support at a press conference at the White House. For many Arab activists, the Trump endorsement marks the end of the Arab spring. (NYT, BuzzFeed)

70m iPhones please The new Apple handset will be waterproof and can be charged wirelessly. The number of OLED panels the company has ordered for the handsets to be released this year suggests it believes they will fly off the shelves. Meanwhile, here is a case for not upgrading your iPad if you bought one after 2013. (NAR, WSJ)

It’s a big day for

Syria The EU co-chairs an international conference on Syria as 70 foreign ministers, international organisations and civil society groups gather in Brussels to plot a way forward for the war-ravaged country. Activists said at least 58 people have been killed in a suspected chemical attack on a rebel-held town in north-west. (WSJ, Reuters)

Keep up with the important business, economic and political stories in the coming days with the FT’s Week Ahead.

Food for thought

The $2tn Saudi Aramco question Lex takes an in-depth look at the IPO of the state-owned oil company, which Riyadh believes is worth the money while investors remain doubtful. (FT)

Missing women Efforts made by the financial sector have failed to close the gender gap. While the majority of junior staff working in financial services are women, only one in four of those who reach a senior role is female. (FT) 

The real winner in Syria Hizbollah’s standing is almost as strong as Iran’s as a protector of President Bashar al-Assad’s government, and a sponsor of Shia forces in Syria. Now it is poised to capitalise on an eventual end to the Syrian war that leaves Mr Assad in power. (WSJ)

Digging deep An analysis of 3,000-year-old animal waste confirms that an ancient mining complex in Israel dates to the age of King Solomon. Are these his fabled mines? (NatGeo)

Why are migrants heading to Yemen? People from the Horn of Africa are heading to Yemen in search of a better life, despite the brutal war being waged there. A mixture of misinformation and desperation is to blame. (Jazeera) 

Video of the day

FT editor talks Trump Lionel Barber talks about the highlights of his conversation with the US president. (FT)

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