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‘A perfect storm’: how New York’s affordability crisis reshaped its politics

Zohran Mamdani’s mayoral upset reflects growing frustration with soaring living costs

This year’s festive issue visits the friendly ghosts of seasons past

Biotech says it opted for revised offer from US pharma company after rival Novo bid raised antitrust concerns

Also in today’s newsletter, a historic moment for Italian football

Revolut chair calls for curbs to cash Isa tax-free allowance

Warning comes as worries grow among people in their 20s over the economy and job prospects

China’s fast fashion giant, dealing with outrage in France, was created by a man who is unrecognisable even to his own employees

Outgoing GSK boss Emma Walmsley among candidates previously considered by drinks group

Mississippi-born star brought warmth to characters over 70 years and collaborated with her daughter

Fiscal drag accounts for two-thirds of those paying the additional rate of income tax

Primark’s owner ABF is considering demerging the chain as it struggles in crucial markets and searches for a new CEO

The next bailout is likely to involve inflationary financing of fiscal deficits by central banks

A lack of intrepid amateurs might explain stagnant societies

This silly, spendy seafood restaurant has the potential to be an awful lot of fun

The museum jewel theft has captured the world’s imagination — and the internet is not letting the story rest

Plans for a 230-mile transmission line threaten Nevada’s wilderness and have united hunters and wildlife groups

The English composer’s Symphony No 1 and Cello Concerto are given exhilarating new life

Christopher Eppinger kept trading Russian oil when sanctions meant others stopped

The director and producer never gave up on their family saga — now it is Taiwan’s entry for the Oscars

Despite his dwindling vision, the artist made gorgeous works of art — and showed us how to benefit from different perspectives

Watch individual stocks and sell if they are too aggressively valued

Regional leaders fear proposal to rebuild half of enclave under Israeli control will lead to long-term partition

The tear-jerking John Lewis Christmas ad reveals a new seriousness about the fraying bond at the heart of the family

From Regensburg to Modica, these autumn getaways offer culture, cuisine — and none of the crowds