Honda pins growth hopes on hybrids with $3bn US investment
Japanese carmaker to build first new American plant in two decades and increase annual output to 1.3mn vehicles
Letter: Bank founded to free Siena from usury deserves a fair price
From Valerio Pasini, Sovicille, Siena, Italy
Letter: Binance and the possibility it may have been inside job
From Aybars Tuncdogan, Reader (Associate Professor) in Digital Innovation & Information Security, King’s College London, London WC2, UK
Letter: Reasons Americans resist AI are often local
From Lesley Ellis, Aboyne, Aberdeenshire, UK
Letter: Investors can face a second risk — on top of default
From Heitor Castro, São Paulo, Brazil
Corrections: UK pension schemes and Democrats
UK pension schemes as a whole hold about 3 per cent of their assets in UK-listed equities, not only defined contribution pension schemes. Democrats held a Senate seat in Michigan and won one in Maine from the Republicans in last week’s midterm elections.
Tata Power’s Singapore woes
Also, an inauspicious Diwali for the markets
Japan can tell the world what really matters when prepping
Telling people to stock up is one thing but the Japanese know that building a stockpile of civil credibility requires greater effort
Trump says FBI is ‘looking into’ Nvidia’s Jensen Huang
US company has been rocked by allegations its chief executive had an affair with a Chinese spy
ExxonMobil explores return to Venezuela after calling nation ‘uninvestable’
US oil major says it has signed a memorandum of understanding with Caracas
Elon Musk forced to bring Cybertruck production to a conclusion
Russian strikes aim to cut Ukraine in half, Zelenskyy warns
Moscow’s strikes on the bridges across the Dnipro river could sever power and transport links with the east of the country
FT Crossword: Number 18,528
Trump’s Board of Peace warns of ‘immediate humanitarian emergency’ in Gaza
The organisation says flooding has left Palestinians in unsafe conditions, with Israel allowing insufficient aid into the territory
Supreme Court lets Trump build border wall through Texas national park
Top judges rule that government’s interest outweighs any aesthetic and environmental harm alleged by respondents
Trump hails ‘positive momentum’ towards ending Iran war
Comments by US president come after calls with regional leaders and a meeting with the Qatari prime minister
Republican lawmaker moves to impeach US defence secretary Pete Hegseth
Trump critic Thomas Massie cites abuse of power and flouting of the US constitution
FirstFT: Nvidia shares slide after alleged Chinese spy scandal
Also in today’s newsletter: Tech sell-off raises risks for SoftBank and Russian strikes aim to cut Ukraine in half
M John Harrison’s ‘The End of Everything’ wins the 2026 Booker Prize for fiction
The 81-year-old science fiction author who has won acclaim as a genre-busting prose stylist is the oldest winner of the award, for a post-apocalyptic novel that ‘leaves you with a twinge of optimism’
Nvidia shares fall as it probes alleged Chinese spy scandal
Board of chipmaker opens investigation after chief executive Jensen Huang admits to affair
US stocks rebound after AI rout
Lower oil prices help equity indices shrug off fall in Nvidia shares
US regulator orders blindness risk warning on obesity drugs
Food and Drug Administration cites increased risk of rare eye condition that can cause permanent vision loss in users of GLP-1s
Oil prices hit 10-week low after Trump says strikes on Iran ‘highly unlikely’
Brent crude extended last week’s losses that followed Republicans’ historic midterms defeat
UK Treasury does not ‘understand’ scale-ups, says former adviser
Alex Depledge, who was appointed by Rachel Reeves, says her attempt to hire an external chair to overhaul procurement was blocked