Iran deal row, Libor fallout and the new breed of 3D printers

Ayatollah Ali Khamenei, Iran’s supreme leader, has accused the US of distorting the nuclear framework agreed with world powers. Washington‘s fact sheet about the framework, agreed last week after months of negotiations, was “mostly against reality” and contained a “narrative … [that] is distorted … to save face”, he charged. (FT and BBC)

Iran’s main gripe is that it wants sanctions lifted “on the first day” of the final deal’s implementation. That’s not what the US wants, but are the interests of Tehran and Washingtoncloser than many think? (FT)

In the news

Nikkei breaks above 20,000 Tokyo’s Nikkei 225 briefly reclaimed the psychologically important 20,000 mark, a peak last seen in April 2000. Japanese stocks have climbed this year as the Bank of Japan supports the market with an unprecedented asset-buying programme, while domestic pension funds tweak their allocation targets to favour equities. (WSJ)

War of words UK defence minister Michael Fallon on Thursday defended his claim that Ed Miliband was ‘willing to stab the United Kingdom in the back’ to become prime minister. Mr Fallon cited Mr Miliband’s defeat of his brother David in Labour’s 2010 leadership election and alleged that he would strike any deal with the Scottish National party in the event of a hung parliament to get in Number 10. (FT)

LinkedIn adds Lynda LinkedIn is to acquire the online learning business Lynda.com for about $1.5bn, as the social network expands offerings for its audience of professional users. Lynda.com, a California-based company, has created hundreds of thousands of video tutorials in multiple languages to help people acquire business and technology skills. (FT)

Libor fallout continues Deutsche Bank could face a penalty of at least $1.5bn for allegedly manipulating Libor, according to people familiar with the case. That would be the biggest fine imposed so far on a bank accused of rigging the benchmark borrowing rate. The German lender, having already paid one EUR725m fine for allegedly rigging yen Libor and the Euro Interbank Offered Rate, is in talks with US and UK authorities to settle the allegations which could conclude this month. (FT)

Buy, don’t cut The US Treasury has stepped up calls for other large economies to boost demand as it warned the global economy was becoming increasingly unbalanced. In a semi-annual report to Congress, the Treasury urged euro area governments and Tokyo not to rely solely on monetary policy to lift growth, while pressing South Korea to reduce interventions in currency markets and let the won rise. (FT)

Damning dash cam South Carolina officials have released a new video showing the moments before a US police officer shot dead an unarmed black man in the back. The footage shows a car being pulled over and the officer requesting paperwork, with the driver later fleeing the vehicle. What are the ethics behind watching such videos? (BBC, New Yorker)

It’s a big day for

Carrefour The retailer, the biggest in Europe, reports first quarter sales but investors may have a hard time discerning any clear trends. The Paris-based hypermarket group has been dogged by years of sluggish revenue and its 2012 turnround strategy based on exiting overseas markets and concentrating on the home market, which accounts for almost half of total sales.

Food for thought

After a long life, Adieu The Frenchman who scripted instructions telling the French publichow to react on D-Day , read out on the BBC, has died in Paris. Jean-Louis Cremieux-Brilhac played a key role in the entourage of General de Gaulle in wartime London, after being taken prisoner twice in the early stages of the war. He later spent three years at the headquarters of de Gaulle’s Free French in Mayfair, where he was secretary of the propaganda committee. (BBC)

Rising from the depths Growing competition from start-ups is putting pressure on the tech companies that began the 3D printing industry. That has hit the share prices of the fledgling industry’s grand-daddies, US-based 3D Systems and Israel’s Stratasys, and created a new cadre of players who are turning scenes from sci-fi movie Terminator 2 into the real deal in just six minutes. (FT)

A China economic horror story We Travelled Across China and Returned Terrified for the Economy. The headline says it all really – a traipse across China did not reassure one analyst who saw too many idle cranes, empty construction sites and half-finished, abandoned buildings in several cities. (Bloomberg)

Taking part – on equal terms For the first time in the history of the Oxford-Cambridge boat race, the female teams of the universities will be able to row on the same stretch of the river Thames as the men this weekend. Whoever wins, it is already a victory. (Guardian)

BoE rates – a history lesson David Cameron has become the first UK prime minister since Clement Attlee in the 1940s and 1950s to serve a whole term in parliament without a change in interest rates . On Thursday, in its last policy decision before the general election, the Bank of England said rates and the stock of assets bought under its quantitative easing programme would remain unchanged – meaning the economy under the current government has experienced the cheapest borrowing for over 300 years. (FT)

Video of the day

The visit by Alexis Tsipras to Vladimir Putin prompted speculation of a deal under which Moscow might rescue Greece in return for support in overturning EU sanctions on Russia. Philip Stephens, chief political commentator, talks to the FT’s Frederick Studemann about the diffidence and division exposed by the trip.

This article is published in collaboration with The Financial Times. Publication does not imply endorsement of views by the World Economic Forum.

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Author: FirstFT is the Financial Times’ editors curated free daily email of the top global stories from the FT and the best of the rest of the web.

Image: The Iranian flag is pictured before the opening of the 32nd Meeting of the Ministers of Foreign Affairs of G-15. REUTERS/Morteza Nikoubazl.