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[EN] Financial Times

US chip and memory stocks slide in fresh bout of Wall Street tumult

Investors pull away from shares in companies that have led markets higher this year

Xi Jinping spearheads China’s AI push

A new body is set to strengthen Beijing’s influence over international standard-setting

Trump claims ‘shocking vulnerabilities’ in US electoral system

President accuses China of election meddling as he seeks to pre-emptively undermine midterm polls

India eyes market comeback with $1bn IPO for SBI Funds Management

Also in this newsletter: Aditya Birla goes big on renewables

Blanche meets Epstein’s victims after senator’s confirmation ultimatum

Thom Tillis had threatened to block acting AG’s appointment as scandal over sex offender overshadows nomination

Chinese AI start-up Moonshot launches model challenging Anthropic’s lead

Kimi K3 shows narrowing gap between US and China on frontier AI

US escalates attacks on Iran as it expands range of targets

American forces hit deeper inside the country as Islamic republic reports strikes on its infrastructure

Letter: UK has built ownership but not yet accountability

From Catherine Howarth, Chief Executive, ShareAction, London E1, UK

Letter: Measurement errors still sink projects

From Christopher Ruane, Lanark, South Lanarkshire, UK

Letter: Progressives should not be confused with socialists

From Emeritus Professor Albion M Urdank, University of California, Los Angeles, CA, US

Letter: Put wellbeing at the heart of government

From Prof Lord Richard Layard, London School of Economics, London WC2A, UK

Letter: A medieval precedent for modern shipping lanes

From Jan Bouwens, Professor of Accounting, University of Amsterdam, the Netherlands

Letter: When economists rethink old certainties on Brexit

From John Murray, Guildford, Surrey, UK

Letter: Nato’s European future requires EU reform

From Jean-Jacques Schul, Honorary Director, European Investment Bank, Lasne, Belgium

England out of World Cup after 2-1 defeat against Argentina

FT Crossword: Number 18,428

FirstFT: Ukraine plunged into political turmoil after Zelenskyy fires defence minister

Also in today’s newsletter: China’s largest AI model to date and South Korea’s first rate rise in three years

Free FT for schools

A guide to the Financial Times for schools programme

Trump Media to sell high-speed access to president’s social media posts

Family company hopes large trading firms will pay for market-moving social media posts milliseconds early

Netflix shares slide on disappointing growth forecasts

Streaming giant projects weakest revenue increase in three years

Should private credit be public?

The case for letting investors into private markets

Andy Burnham plans policy blitz on entering Number 10

Cost of living, North Sea energy and devolution set to feature in early days and weeks of new premiership

Zelenskyy government plunged into turmoil after defence minister fired

Ukraine president forced into concession as ousting of popular minister prompts public and political backlash

Trump adviser says leftwing extremism is ‘fatal cancer to civilisation’

State department says violence from the left is international counterterrorism blind spot