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At Aquinore. UK. Good morning from the Financial Times. Today is Thursday, March 28th, and this is your

F.T. News briefing. Disney and Ron DeSantis put aside their differences at least for now and Japan's

currency could get a whole lot more volatile. Plus small cap stocks have hit a

low point.

I'm Sonia Hudson, and here's the news you need to start your day. Disney settled a long-running legal dispute over its Florida theme parks yesterday.

The fight began back in 2022.

That's when Florida Governor Ron DeSantis tried to end the company's 50-year-old right to run its own government

around Walt Disney World.

DeSantis was gearing up to run for president at the time and critics accused him of

using his office to punish Disney for

opposing his so-called Don't Say Gay Law. Disney has now agreed to drop many of its

legal disputes and negotiate with a revamped board over future development plans.

For years, the Japanese Yen has been seen as a currency of choice for some investors.

It has a unique position in foreign exchange markets and a lot of that is thanks to Japan's decades of

ultra-low and even negative interest rates. But last week the Bank of Japan made a big

change.

It finally raised interest rates above zero.

Here to talk to me about what that could mean for the YEN is the FT's Aiden writer.

Hi, Aidan.

Hey, Sonia.

...