Trump says he is considering strikes on Venezuelan soil
The US president also authorises CIA to conduct covert operations in the country
US warns world will ‘decouple’ from China if it imposes new export controls
Scott Bessent says Washington will retaliate if Beijing proceeds with policy on rare earths and critical minerals
Letter: Swedish shareholder democracy goes from strength to strength
From Hanna Vainio, CEO of Euroclear Sweden and Finland, Stockholm, Sweden
Letter: Checklist for fight against antimicrobial resistance
From Mark Kessel, Former Chairman, Foundation for Innovative New Diagnostics (FIND), Geneva, Switzerland
Letter: Gaza Riviera plan: was it the last straw?
From Charles Mercey, Tellisford, Somerset, UK
Letter: The problem is public spending is too high
From Michael Wade, London SW1, UK
Letter: Property levies, a haiku
From David Ross, Petworth, West Sussex, UK
Trump bails out Javier Milei’s Argentina
US aims to cool Gaza ceasefire ‘provocations’ during tenuous truce
Israel receives bodies of two more hostages, with 19 yet to be handed over
Trump says Modi pledged India would stop buying Russian oil
Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August
Reeves needs to fill £22bn hole in UK public finances, IFS says
Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26
FT Crossword: Number 18,188
UK government’s spy case testimony spoke of desire for ‘positive’ ties with China
Sir Keir Starmer’s administration has been under pressure over charges being dropped against two British men
Transcript: UK Budget blues
Katie Martin speaks to Chris Giles
FirstFT: Bessent warns world will ‘decouple’ from China if it imposes new export controls
Also in today’s newsletter, Chinese fast-fashion retailer goes global, and US financiers sound alarm on lending standards
Bank of America and BNY sued over financial ties to Jeffrey Epstein
Victim claims BofA ‘participated in and financially benefited’ from late financier’s sex-trafficking operation
US Treasury arranging fresh $20bn in debt market support for Argentina
Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei
Bill Ackman donates $1mn to oppose Zohran Mamdani’s NY mayoral campaign
Hedge fund billionaire in last-ditch effort to stop democratic socialist frontrunner in race for city hall
EY revenue rises as AI consulting offsets slowdown in deal work
Big Four firm’s Parthenon business combining executive strategy with due diligence on deals shrank 0.4% globally
UK energy bosses sound warning over rising household bills
Octopus Energy, EDF and E.On executives challenge Labour’s pledge to reduce energy costs
UK proposes compensation scheme for victims of China bitcoin fraud
Crypto haul is at the centre of a High Court battle over a seizure of bitcoin now valued at £5bn
Austrian property tycoon René Benko sentenced to two years in jail
Fraud trial likely to be first in a series of cases related to the collapse of real estate group Signa
IMF urges UK to stick with two official economic forecasts every year
Vítor Gaspar urges Rachel Reeves to adhere to international ‘best practice’ as chancellor considers axing spring outlook
Britain has lost control of its borders, home secretary admits
Shabana Mahmood says public trust in state will be weakened unless politicians ‘bring order’ to immigration