China races to build AI data centres across energy-rich hinterland
In the first report of a three-part series, how Inner Mongolia became the engine room for the nation’s vast AI ambition
Samsung quarterly profit surges to $80bn on AI chip demand
World’s largest memory-chip maker posts record earnings for the three months to September
Higher mortgage rates inflict ‘pain’ on UK housing market
Slowdown comes as higher borrowing costs and economic uncertainty are damping buyer demand, survey finds
FT Crossword: Number 18,500
FirstFT: China rejects EU request for voluntary curbs on hybrid car exports
Also in today’s newsletter: SpaceX credit risk jumps and India raises interest rates
Trump considers ‘terminating’ campaign advisers after Balkans trip
President says Chris LaCivita and James Blair guiding pro-Russian party less than a month before midterms could be a ‘conflict’
AI upends Singapore’s ‘quant Olympics’
Nigerian student Victor Ayebameru takes first place in competition that identifies future hedge fund stars
Fed minutes indicate broad agreement for another rate rise this year
Records from the Fed’s September decision showed a clear consensus
Iran war blows near-£12bn hole in Britain’s public finances
FT estimates show inflation and soaring borrowing costs have slashed chancellor John Healey’s headroom in half
US government bonds steady after strong 10-year Treasury auction
French, Italian and UK government bonds under pressure in volatile trading
SEC warns asset managers against collaborating on activist campaigns
US regulator says fund groups risk stricter rules after a probe into the ousting of ExxonMobil board members
Diesel price jumps after IEA says no additional fuel will be released
Agency members say 100mn barrels promised by G7 will come from 400mn stock release agreed in March
Marco Rubio urges western countries to uphold traditional values
US secretary of state warns alternative is ‘atrophy, servitude and decline’ in Athens speech
Kirkland & Ellis to stop disclosing financial performance
World’s highest-grossing law firm with $10.6bn in 2025 revenue volunteered data for leading industry profit ranking
The online life of the Flydubai attacker
Co-pilot of flight 1073 gravitated towards the ‘manosphere’ and expressed misogynistic views
SpaceX credit risk jumps on worries over its borrowing spree
Leap in credit default swaps tracking Elon Musk’s aerospace group follows an FT report that it is seeking to raise $40bn to buy Nvidia chips
Tory inheritance tax pledge: do the sums add up?
Conservative leader Kemi Badenoch says if her party wins the next election she will cut the number of families paying the levy
London hedge fund Arini falls 16 per cent on soured credit bets
Flagship strategy raised $1.5bn in recent weeks after suffering three consecutive months of losses
Chrysler Building taken over as New York luxury office market booms
New owners to pay $235mn and plan an upgrade for the landmark suffering from low occupancy and disrepair
French central bank chief says ECB intervention not needed to ease bond rout
Emmanuel Moulin also hit out at ‘Trump-style’ threats against him from the far left
Badenoch’s UK Conservatives are a work in progress
Burnham’s leftward shift opens space in the centre. The Tories should occupy it
China slaps down EU request for voluntary curbs on hybrid car exports
European Commission now considering temporary limits to control surging shipments that could trigger serious trade conflict
London gold market body accused of causing deaths of two miners
High Court trial began on Wednesday and has implications for centuries-old market and for certification schemes in metals, garments and agriculture sectors
Merz’s conservatives in new crisis over alleged support for AfD
Far-right party claims it secured votes from regional CDU lawmakers in Saxony-Anhalt