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[EN] Financial Times

Weak monsoon to deliver double economic blow for India

Also in this newsletter: New Delhi and Seoul draw close

Trump says Israel and Lebanon will extend ceasefire by 3 weeks

President says US Navy will ‘shoot and kill’ any boat laying mines in Strait of Hormuz

Letter: Former UK envoys warn on Israeli West Bank annexations

From Sir Vincent Fean and others

Letter: The questions I would put to Trump’s Fed chair pick

From Danny Leipziger, Professor of International Business, George Washington University, Washington, DC, US

Letter: The stablecoin template in Belfast and Edinburgh

From Ousmène Jacques Mandeng, London WC1, UK

Letter: Kluge’s change of heart on postwar cinema

From Jannik Schäfer, Writer & News Editor, Cologne, Germany

Letter: We lack the business model to fight tomorrow’s wars

From Blythe Crawford, Former Commandant, Air and Space Warfare Centre, London SW1, UK

Letter: Done right, the AI build-out delivers big public benefits

From Debra Phillips, President and Chief Executive, National Electrical Manufacturers Association, Washington, DC, US

Letter: ‘Hallucination’ softens what’s simply wrong

From Richard Strasser, Scarsdale, NY, US

Letter: A verbal alternative to being thrown under a bus

From Steve Harrison, Preston, Lancashire, UK

Energy prices rise in wake of Iran war

Trump suggests US could buy Spirit amid bailout talks

Bankrupt low-cost airline has been in talks with the federal government for a ‘financing package’

US soldier charged with making prediction-market bets on Maduro’s seizure

Army member was involved in planning Venezuela operation and allegedly made $400,000 on trades about mission

FT Crossword: Number 18,354

Intel shares jump 20% as it predicts revenue surge from AI data centres

CEO says US chipmaker has made ‘fundamental’ changes after year-long turnaround

Trump says Israel and Lebanon will extend ceasefire by 3 weeks

President says American navy will ‘shoot and kill’ any boat laying mines in Strait of Hormuz

FirstFT: US accuses China of ‘industrial-scale’ theft of AI technology

Also in today’s newsletter: PwC fined $166mn by Hong Kong regulators, and Meta to cut 10% of jobs

Griffin’s Citadel attacks Mamdani for using his penthouse to sell New York tax plan

Mayor called out billionaire’s $238mn property as he pushes for second-home levy on the wealthy

AI brings Foxconn a chance to cut its reliance on Apple

The cloud and networking division, which assembles AI servers, is growing at a pace the smartphone market cannot match

US shale bosses resist boosting oil output over Iran war ‘chaos’

Dallas Fed survey finds that energy executives are not confident high prices will hold

UK in talks with Anthropic over Mythos access for banks

British lenders seek advice from US groups testing powerful new cyber security AI model

China Shock 2.0

Inside China’s new economy

Meta to cut 10% of jobs to ‘offset’ Zuckerberg’s AI spending

Social media group plans to spend $135bn on data centres this year

Vanguard chief warns of ‘financial exploitation’ by prediction markets

Boss of $12tn asset manager echoes criticism of platforms such as Polymarket and Kalshi