Top Goldman lawyer referenced Jeffrey Epstein’s ‘Russians’ in email
Exchanges are further evidence of Kathy Ruemmler’s apparent ties to convicted sex offender
Letter: How US households subsidise the AI data centre boom
From Jenny Martos, Project Manager, Global Oil and Gas Plant Tracker, Global Energy Monitor, Richmond, VA, US
Letter: Tory Brexit negotiator on the Labour reset
From Lord (David) Frost, House of Lords, London SW1, UK
Leapmotor: China’s no-frills EV maker aiming to become the next BYD
Low-cost carmaker harbours ambitions go global and rank among world’s top 10 auto groups
Letter: What those early blooming daffodils really tell us
From Raj Parkash, London W4, UK
Brad Karp to step down as Paul Weiss chair after Epstein revelations
Files released by US Department of Justice detailed his relationship with the child sex offender
Letter: Plea for transatlantic ties, not technological autarky
From Daniel Castro, Director, Center for Data Innovation, Washington, DC, US
First Brands founder Patrick James pleads not guilty in company’s collapse
CEO’s brother Edward also enters not guilty plea to fraud and conspiracy counts
Rushing Brexit reset deal risks costing British farmers, Starmer told
MP says such an agreement would come with trade-offs
Elon Musk plans space-based AI
‘Not another eclipse of the sun by a data centre’
FT Crossword: Number 18,286
Hedge fund run by Chris Rokos ends talks with Mandelson on advisory role
Billionaire trader’s firm had been in discussions with former UK minister after he was fired as ambassador to the US
US tech stocks hit by fresh wave of selling as Qualcomm and AMD tumble
Declines follow steep falls for software shares in previous session over worries about new AI tool
Google set to double AI spending to $185bn after strong earnings
Search giant reports more than $400bn in annual revenue for the first time
FirstFT: Chinese trading firm Zhongcai nets $500mn from silver sell-off
Also in today’s newsletter: Trump and Xi discuss Ukraine and Taiwan, and US seeks critical minerals trade zone
Iran should prepare for ‘meaningful’ negotiations with US, Rubio says
Tehran seeks to limit talks to nuclear aims as Washington pushes for concessions on missiles and proxy programmes
Arm CEO says AI software sell-off is ‘micro-hysteria’
SoftBank-owned chip group forecasts strong growth in data centre business but shares slide amid wider tech rout
Help us explain Los Angeles neighbourhoods
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Trump’s border tsar announces withdrawal of 700 federal agents from Minneapolis
Drawdown comes as backlash against enforcement tactics forces president to soften approach to immigration crackdown
Starmer engulfed in leadership speculation as he backtracks over Mandelson papers
PM agrees to parliamentary oversight of release of documents about peer’s appointment as ambassador to US
White House seeks critical minerals trade zone to curb China’s dominance
Effort marks rare instance of Trump administration aiming to collaborate with global allies on trade
Epstein advised former prince’s team on proposed deal with Cantor Fitzgerald
Aides to Andrew Mountbatten-Windsor worked with convicted sex offender on planned agreement with US investment bank
Orbán orders courts to drop lawsuits against his government
Rights groups say move marks fresh low for rule of law in Hungary
Top Senate Republican says Fed’s Powell has not ‘committed a crime’
Banking committee chair Tim Scott pushes back against probe into US central bank chief