Authorities are not ruling out that an EgyptAir passenger jet with 66 people on board that crashed into the Mediterranean Sea early Thursday morning was brought down by an act of terrorism. Sherif Fathy, Egypt’s aviation minister, said the possibility of a terrorist attack was higher than technical failure, but added: “it is still speculations and assumptions.”

US intelligence services are helping French and Egyptian authorities analyse the list of 56 passengers for possible terrorist connections. (FT)

In the news

Apple’s next gen makeover The tech company has unveiled new concepts for its flagship retail stores in a transformation led by Angela Ahrendts, the former Burberry chief executive who said she wanted Apple’s stores to be “considered and beautiful”. (FT)

Deutsche investors rebel over pay Deutsche Bank has become the latest big company to be hit by investor ire over executive pay after shareholders voted down its new remuneration plan for top managers. The vote follows pay rebellions at Citigroup and Renault, and capped a shareholder meeting full of criticism for Deutsche, which made a €6.8bn loss last year. (FT)

Phil Mickelson caught up in insider trading case The golfer has agreed to give back nearly $1m in profits he made from stock trades as US authorities pursued charges against a famous sports gambler and former chairman of Dean Foods. (FT)

Uber: The Uber of self-driving cars The ride-hailing service Uber has put its first self-driving cars on the road, intensifying competition with companies such as Alphabet, Tesla and GM in the race to develop the best autonomous vehicles. The move comes as the company comes under fire from liberal US senator Elizabeth Warren, who has accused it of undermining economic security. (FT)

Clinton to Sanders: It’s over US Democratic presidential candidate Hillary Clinton has said her primary race against Bernie Sanders is in effect over. “I will be the nominee for my party,” she said amid concerns about party unity after a clash between officials and Sanders supporters at a party convention in Nevada over the weekend. (BBC)

Corporate China’s debt woes grow As China’s economy continues to sputter, many local companies are having difficulty servicing their debts. A look at 3,000 listed Chinese businesses by French investment bank Natixis found that interest costs exceeded cash flow for 18.5 per cent of them last year, compared with 8 per cent in 2010. (NAR)

Test your knowledge with the week in news quiz. What was the percentage of Japan’s GDP growth in the first quarter of 2016?

It’s a big day for

Taiwan Tsai Ing-wen became the most powerful woman in the Chinese world when she was sworn in as the nation’s president. (FT)

UK smokers As of today all cigarettes manufactured for the UK must be sold boxed in plain packaging and come adorned with large, graphic photos highlighting the dangers of smoking. (FT)

The global economy Finance ministers and central bankers from G7 countries will gather in Japan to discuss currency manipulation, global economic instability and the limits of monetary policy. (FT)

Food for thought

Donald Trump’s casino war The former reality TV star offered a preview of the racist and xenophobic rhetoric that has propelled him to the top of the Republican party when he went to war against Native American tribes who were trying to horn in on his casino territory. He lost. (FT)

Meet Aston Villa’s new Chinese owner Tony Xia trained as a landscape architect and runs a large, lossmaking producer of monosodium glutamate, as well as an eclectic mix of Chinese companies involved in everything from smart city design to small personal loans. Now the 39-year-old is about to own one of England’s most storied football clubs. (FT)

The false promise of DNA testing The forensic technique is touted for its infallibility in TV shows and throughout pop culture. But as it's become more ubiquitous, it’s become ever less reliable. (Atlantic)

New York’s mass graves The stories of some of the million people buried on the city’s potter’s field on Hart Island — and an investigation into the failings of the system that put them there. (NYT)

Control your spending ... or else It’s Pavlovian conditioning for the internet age: Spend beyond your budget, and a bracelet will deliver a jolt of electricity to your wrist. (Quartz)

Are you good enough to be a tennis line judge? Watch a series of shots on a clay court and decide whether each was in or out. You only get one chance and five seconds to make the call. (WSJ)

Video of the day

Brexit debate reverberates in Ireland Danny McCoy, the chief executive of Ireland’s business lobby group, Ibec, discusses with the FT’s Gideon Rachman why he wants Britain to remain in the EU. (FT)