CNN launches international streaming push as David Ellison takes control
News network targets $1bn in annual digital subscription revenue by 2030 as traditional cable television declines
James Packer says Australia ‘tends to tear down’ entrepreneurs after Firmus fiasco
Billionaire investor hits out after data centre operator abandoned plans to raise $5bn in Sydney
Healey rejects calls to equalise capital gains and income tax rates
UK proposal had been backed by senior Labour figures, triggering nervousness among entrepreneurs and investors
Cyber attack on French supermarket fridges raises alarm over food security
Some stores reported fridge temperatures as high as 80°C, melting equipment and destroying food
European gas hits Iran wartime high
Stand-off between Washington and Kyiv over Russian diesel and approach of cold weather boost prices
Labour’s vision for the arts risks losing its audience
Despite encouraging local initiatives and key appointments, sector figures have criticised the culture department’s lack of strategy
Visa gets approval for China card business ahead of Trump-Xi summit
US payments giant has sought market access for more than a decade
Chip stocks slide in wake of ‘casino’ comment by Broadcom boss
Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment
BP to set out new strategy after windfall year
UK oil major will announce plans in December after hitting current debt targets
Premier Inn owner urges investors to resist pressure from activist hedge fund
Whitbread asks shareholders to reject Corvex Management’s demand for board seat
China gets spiky on currencies
Plus: your ideas, please, on investing ex-AI
FTAV’s further reading
The economics Nobel; wildlife declines; AI hacking; Steam
Trump-Zelenskyy diesel spat reignites Europe’s White House angst
Also in this newsletter: The sky-high cost of replacing foreign cloud platforms
How Michael Woodford made modern macro relevant to central bankers
Nobel expectations
FirstFT: IMF sounds alarm on dire public finances
Also in today’s newsletter: US Treasuries and Houthi attacks
Rising Treasury bill issuance puts pressure on short-term rates
Stress at long end of US yield curve appears to be moving towards short-term lending markets, threatening to complicate life for the Fed
Transcript: An election supercycle could push Europe to the right
Marc Filippino speaks to Humza Jilani, Ben Hall and Andres Schipani
‘A game of snakes and ladders’
The UK is trying to balance public outrage over the Manchester City scandal with a desire to keep investment flowing from the UAE
EU hybrid curbs to offer only ‘temporary’ respite against Chinese carmakers
European automotive industry welcomes deal as ‘first step’ to create fairer playing field
Pope Leo prepares to undergo lung surgery
Health scare sends shockwaves across world at a time when many see 71-year-old pontiff as a powerful moral voice
Investors brave US Treasury rout to lock in highest yields in decades
Government bond funds are attracting record inflows as borrowing costs hit their highest level in decades
The elections that could remake Europe
In the space of 12 months, four of the five biggest EU member states will go to the ballot box. The bloc may never be the same
Informa’s trade show bet has a vulnerability — geopolitics
The FTSE 100 company has grown rapidly after focusing on live events under Stephen Carter but is being affected by the Iran war
How BT’s TalkTalk swoop left broadband rivals fuming
Rescue deal will boost BT’s market leadership at a time when regulators are trying to encourage competition