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[EN] Financial Times

EU to give €90bn loan to Ukraine

Money to be borrowed against bloc’s shared budget after plan to draw on Russian frozen assets collapses

India’s parliament clears full foreign ownership in insurance

Also in this newsletter: best of Buzzer Round

China boosts AI chip output by upgrading older ASML machines

Restricted chipmaking tools are being retrofitted to make advanced AI chips, exposing cracks in US-led export controls

Trump to be added to name of Washington’s Kennedy Center

Performing arts centre’s board votes to rename events hub

TikTok signs deal to create US joint venture

Oracle, Silver Lake and MGX will be investors in new unit as part of deal arranged by Trump administration

EU discusses using frozen Russian assets to fund Ukraine war effort

‘So we’re counting on the EU to launder some Russian assets for us’

Over-50s should work for longer to ease pressures of ageing society, say Lords

Falling fertility rates and rising life expectancy will pose ‘significant economic and fiscal challenges’

Oh, Mary! turns US history into a ridiculously funny melodrama

Cole Escola’s play at London’s Trafalgar Theatre brings crazed comic energy to the life of Mary Todd Lincoln, wife of Abraham

FT Crossword: Number 18,243

Nike shares fall sharply as weak China sales dent faith in turnaround

CEO of sports shoe and apparel maker acknowledges need for a ‘reset’ in the country as it also navigates Trump tariffs

Flawed inflation data dashes Trump’s hopes of a quick affordability victory

White House hails figures showing cooling price growth but Wall Street says report was ‘a mess’

Brussels delays signing of EU-Mercosur trade deal until January

Move comes after Italian premier Giorgia Meloni pleads for more time from Brazilian President Luiz Inácio Lula da Silva

Marijuana stocks tumble as Trump reclassifies drug but fails to legalise it

US president’s order would categorise cannabis as less dangerous and remove it from grouping with heroin and LSD

FirstFT: US approves $11bn arms package for Taiwan

Also in today’s newsletter: Australia unveils new hate speech legislation, and economists warn of flaws in US inflation report

Bill Gates and Sergey Brin among newly released Epstein photos

US congressional Democrats publish another batch of images from late sex offender’s estate

Economists warn of flaws in US inflation report

Concerns that November figures showing fall to 2.7% distorted by missing data after shutdown

Three numbers that matter

What can we learn from new figures about jobs, inflation and leverage?

Former Tory donor hit with UK sanctions over alleged Russian energy role

Murtaza Lakhani is the highest-profile oil trader to have been targeted by western sanctions since 2022

Jefferies’ 2025 in review

A year of two halves, and a one-fifth drop

Farage avoids police probe into election spending

Essex force says complaint about alleged offence was made too late for an investigation to proceed

Trump family deal with fusion energy firm adds to complicated UK-US ties

TAE Technologies has already agreed joint venture with UK government’s atomic laboratory

US regulator loosens some compliance burdens for Citigroup

Move may be a sign Wall Street bank has made progress in correcting compliance mis-steps of recent years

Latin America swings to the right

Crime and violence are raising the appeal of strongmen across the region

How BP’s ‘sharp-elbowed’ chair lost patience with its chief executive

CEO Murray Auchincloss clashed repeatedly with Albert Manifold over strategy before his abrupt departure