India’s Adani bids for foreign airports
Also in this newsletter: Brics in the shadow of Donald Trump
Letter: The irony of Bessent’s bravado to take on bond markets
From Brian James Gross, Former Special Assistant to the Federal Reserve Board, Austin, TX, US
Letter: What you need to know to understand Trump
From Henry De Groot, Boston, MA, US
Letter: Satellite proliferation risks a ‘tragedy of the commons’
From Sim Gurewitz, El Cerrito, CA, US
Letter: An FT column that invites readers on to the yoga mat
From Janet Barnhart, New York, NY, US
Letter: The problem with Gates’s ‘nature reserves’ framing
From Phil Konecki, Boston, MA, US
Letter: UK’s frontier AI strategy is aimed at the wrong target
From Alexander Kardos-Nyheim, Founder & CEO, Safe Sign Technologies, London E14, UK
Letter: In revolutionary Belgium, ‘statist’ was a compliment
From Luc Haenen, Boechout, Belgium
Letter: Northern Europe taxes retail portfolios differently
From Tero Korkalainen, Private Investor, Espoo, Finland
Correction: S&P rules
S&P did not change rules to immediately include SpaceX in its index, which would have allowed the rocket conglomerate to be tracked by passive investment funds, as incorrectly stated in an article on September 9
FT Crossword: Number 18,477
Oracle’s data centre revenue surges as AI strategy accelerates
Faster sales growth suggests progress in its risky push to compete in the AI infrastructure race
Anthropic says it stopped scientists potentially developing bioweapons with AI
Start-up discloses five examples of when users ‘circumvented controls’ and made efforts to ‘obfuscate’ the purpose of their research
Global bond sell-off reignites as oil jumps to $109
US yields reach highs of the day after Scott Bessent’s Treasury buyback operation undershoots its target
FirstFT: Global bond sell-off reignites as oil hits $109
Also in today’s newsletter: Abu Dhabi buys into China’s Luckin Coffee and frustration mounts over South Korea’s $350bn deal with Trump
Israel blows up Hizbollah tunnel system in southern Lebanon
Destruction of complex under Ali al-Taher ridge follows months-long effort to gain control of strategic site
Oil, yen and egonomics
The will of US policymakers vs the cold reality of markets
Bond rout as it happened: US Treasury yields rise to session highs after Scott Bessent’s buyback operation undershoots target; ECB raises interest rates
Global debt sell-off reignited by confluence of higher oil prices, sticky US inflation and ECB’s decision to tighten monetary policy
How would Trump’s $5,000 voting payout work?
President’s pledge to give cash to all American adults if Republicans win midterms will be at heart of his party’s campaign
Burnham urged not to snub Commonwealth summit amid reparations demands
UK prime minister is weighing up whether to attend biennial event being held in Antigua
Latest savings rates
Up-to-date deals from banks and building societies
Latest Isa rates
Up-to-date tax-efficient savings deals
Latest National Savings & Investments rates
Current rates from the state-owned savings bank
Druckenmiller says US borrowing costs still ‘a little low’ despite surge in yields
Close ally of Kevin Warsh says Federal Reserve officials who argue rates are restrictive are ‘just ridiculous’