Donald Trump would have “no problem” negotiating with Kim Jong Un, the North Korean leader, if he wins the White House, according to comments by the Republican presidential candidate that would mark a big shift in US policy.

Mr Trump said he was willing to talk to the authoritarian dictator as part of a push to rid the Korean peninsula of nuclear weapons. The property magnate, who has come under heavy criticism from Republicans and Democrats over his foreign policy, also vowed to push Beijing to put more pressure on Pyongyang. (FT)

In the news

Jihadi site’s Google ads bonanza An Islamist extremist accused of funding the 2009 Jakarta suicide bombings has been selling advertising space on his website to international brands including Citigroup, IBM and Microsoft using a service provided by Google. (FT)

The chance of a June rate rise Financial markets are being overly pessimistic about the US outlook and may be underestimating the chances of an interest-rate increase as soon as June, Dennis Lockhart, president of the Atlanta Fed, told the FT. He said recent inflation readings had been "encouraging" while early signs pointed to growth rebounding from a soft first quarter — meaning June should be a possibility for a move. (FT)

Jetpacks lift off Next month Australia-listed Martin Jetpack will begin manufacturing a carbon fibre, petrol-powered jetpack that can reach heights of 3,000ft and speeds of up to 74km per hour — all for a price tag of between $200,000 and $250,000. (FT)

GM crops safe but . . . A top US science academy has found that genetically engineered crops appear to be safe to eat and safe for the environment in a new comprehensive analysis. But it remains unclear whether the technology has actually increased crop yields, and the 400-page study is unlikely to end the highly divisive debate over biotech crops. (NYT)

Japan rebounds The country’s economy grew at an annualised rate of 1.7 per cent in the first quarter of 2016, easily beating expectations of a 0.3 per cent rise, in a big boost to the country’s beleaguered policymakers. (FT)

IMF presses EU over Greek debt The fund is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, say officials familiar with the talks. The IMF wants the loans to Greece to fall due gradually in the following decades, and as late as 2080, according to the IMF’s proposal. (WSJ)

It’s a big day for

Maria Sharapova, who will discover the length of her ban from international tennis at an anti-doping panel in London. (The Guardian)

Food for thought

The next big quake A huge earthquake in Japan’s industrial heartland — costing as much as 40 per cent of GDP, disrupting supply chains and killing up to 320,000 people — is seen as inevitable. An FT interactive explains why understanding the risk and reducing damage is critical. (FT)

Elites are to blame for the rise of Donald Trump Martin Wolf takes on the ascent of the former reality TV star, who has been criticised as a racist and demagogue even as he has all but wrapped up the Republican presidential nomination. “It is hard to exaggerate the significance and danger of this development. The US was the bastion of democracy and freedom in the 20th century. If it elected Mr Trump, a man with fascistic attitudes to people and power, the world would be transformed.” Sign up for our daily US politics newsletter here.(FT)

From pitch to boardroom While footballers’ retirement plans commonly involve going into management, punditry, or perhaps running a pub, Arsenal midfielder Mathieu Flamini’s concerns about climate change persuaded him to go into business. The French soccer playerco-founded GF Biochemicals, which produces a chemical called levulinic acid from waste wood, which can then replace oil in a range of products from fuel to plastics. (FT)

600 years later, the same dynasties reign A new study comparing tax records for family dynasties in Florence in 1427 and 2011 shows that the top earners among current taxpayers are the same families at the top of the socio-economic ladder six centuries ago. (CEPR)

How to manage your millennials People born in the 1980s and 1990s now make up the largest single generational group in the workforce, and managing them has become a source of agita for big businesses. Some companies are now retaining advisers to help them decode their millennial employees — and the service does not come cheap. (WSJ)

Video of the day

Can the US election affect Fed policy? Claims that political considerations could influence the Federal Reserve’s policy ahead of an election are far from new. The FT’s Sam Fleming looks at how the central bank behaved in previous election years and if there is a historical precedent. (FT)