US chip and memory stocks slide in fresh bout of Wall Street tumult
Investors pull away from shares in companies that have led markets higher this year
Xi Jinping spearheads China’s AI push
A new body is set to strengthen Beijing’s influence over international standard-setting
Trump claims ‘shocking vulnerabilities’ in US electoral system
President accuses China of election meddling as he seeks to pre-emptively undermine midterm polls
India eyes market comeback with $1bn IPO for SBI Funds Management
Also in this newsletter: Aditya Birla goes big on renewables
Blanche meets Epstein’s victims after senator’s confirmation ultimatum
Thom Tillis had threatened to block acting AG’s appointment as scandal over sex offender overshadows nomination
Chinese AI start-up Moonshot launches model challenging Anthropic’s lead
Kimi K3 shows narrowing gap between US and China on frontier AI
US escalates attacks on Iran as it expands range of targets
American forces hit deeper inside the country as Islamic republic reports strikes on its infrastructure
Letter: UK has built ownership but not yet accountability
From Catherine Howarth, Chief Executive, ShareAction, London E1, UK
Letter: Measurement errors still sink projects
From Christopher Ruane, Lanark, South Lanarkshire, UK
Letter: Progressives should not be confused with socialists
From Emeritus Professor Albion M Urdank, University of California, Los Angeles, CA, US
Letter: Put wellbeing at the heart of government
From Prof Lord Richard Layard, London School of Economics, London WC2A, UK
Letter: A medieval precedent for modern shipping lanes
From Jan Bouwens, Professor of Accounting, University of Amsterdam, the Netherlands
Letter: When economists rethink old certainties on Brexit
From John Murray, Guildford, Surrey, UK
Letter: Nato’s European future requires EU reform
From Jean-Jacques Schul, Honorary Director, European Investment Bank, Lasne, Belgium
England out of World Cup after 2-1 defeat against Argentina
FT Crossword: Number 18,428
FirstFT: Ukraine plunged into political turmoil after Zelenskyy fires defence minister
Also in today’s newsletter: China’s largest AI model to date and South Korea’s first rate rise in three years
Free FT for schools
A guide to the Financial Times for schools programme
Trump Media to sell high-speed access to president’s social media posts
Family company hopes large trading firms will pay for market-moving social media posts milliseconds early
Netflix shares slide on disappointing growth forecasts
Streaming giant projects weakest revenue increase in three years
Should private credit be public?
The case for letting investors into private markets
Andy Burnham plans policy blitz on entering Number 10
Cost of living, North Sea energy and devolution set to feature in early days and weeks of new premiership
Zelenskyy government plunged into turmoil after defence minister fired
Ukraine president forced into concession as ousting of popular minister prompts public and political backlash
Trump adviser says leftwing extremism is ‘fatal cancer to civilisation’
State department says violence from the left is international counterterrorism blind spot