US, Russia and Ukraine resume talks on ending war
Expectations of a breakthrough are low because Vladimir Putin shows no sign of wanting to halt the conflict
Top Federal Reserve official considers largest rate rise since 2022
Governor Christopher Waller says policymakers should weigh a 50-basis-point move if US inflation fails to slow
BoE policymaker refuses to rule out back-to-back rate rises
Clare Lombardelli says high energy prices and resilience of UK growth mean there is a case for a further increase ‘in the near term’
Monthly US inflation higher than expected in October
Figure of 0.4% comes as last year’s government shutdown prevented data collection
Hot US inflation seals December rise and brings larger increase into play
Energy inflation largely dropped out of the headline rate in October and added to worries of inflation persistence
From fighting disinformation to social class — our pick of the best politics books
How can we save democracy? Start by reading a Nobel laureate’s call to action, insights from the BBC’s Laura Kuenssberg and a reissued manual from the second world war
Goldman Sachs expects Anthropic revenue to exceed $600bn by 2030
Wall Street bank projects AI start-up will increase sales by 130 times — and be cash flow positive — by end of the decade
Oil falls below $90 as Trump pulls back from threat to strike Iran
Falling crude prices have supported recovery in global stocks from last week’s sell-off
Defiant Pete Hegseth defends Iran war as he faces impeachment vote
US defence secretary battles to save his job following Republicans’ defeat in midterm elections
Pete Hegseth faces uphill battle to save his job
Also in today’s newsletter, FBI is ‘looking into’ Nvidia’s Jensen Huang after alleged spy scandal
Burnham’s fiscal devolution leap is crucial — and long overdue
Trying to get stuff done without these new powers and funding streams has been too difficult for elected mayors
David Walliams accused of sexual misconduct
Lawyers had argued that bestselling author’s anonymity should be protected because of risk of suicide
Anthropic targets valuation of up to $1.4tn in IPO
The Claude maker plans to raise as much as $64bn in highly anticipated listing
Africa’s richest man Aliko Dangote pulls London listing
Nigerian billionaire had planned to list $18.4bn group Dangote Cement in UK this year
UK Treasury does not ‘understand’ scale-ups, says former adviser
Alex Depledge, who was appointed by Rachel Reeves, said her attempt to hire an external chair to overhaul procurement was blocked
Italian banks hit out at Giorgia Meloni over latest tax raid
Rome plans to raise €7bn from financial institutions during the next three years through measures including a higher corporation tax rate
The UK’s inflation problem
The Bank of England should recognise its record of inflation control is slipping internationally
Countries speed up on renewables as China’s blistering pace slows
Ten takeaways from the IEA’s latest report on the fossil fuel transition
Indonesia’s vice-president ‘intends to resign’ after qualifications questioned
Gibran Rakabuming Raka’s departure could deepen instability and end crucial alliance between his influential father Joko Widodo and President Prabowo Subianto
Trump is taking the Alamo route
Accepting defeat with grace would go against a lifetime of going for broke
Have you been spraymaxxing the Door Sausage?
How to speak perfume in 2026
From hotel rooms to the treetops, corporate away days get an upgrade
Demand has risen for events that prioritise wellbeing or time outdoors as work becomes more screen-based
SoftBank slumps to $7bn loss on US data centre writedown
AI-focused Japanese group blames first quarterly loss in nearly two years on ‘evolving requirements’ in US projects
FirstFT: Oil price falls below $90 a barrel
Also in today’s newsletter: FBI investigates Jensen Huang and China’s trade surplus surpasses $1tn