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[EN] Financial Times

Letter: Standard Chartered will invest in people to thrive in the AI age

From Bill Winters, Group Chief Executive, Standard Chartered, London EC2, UK

Letter: Mamdani’s misguided drive for public ownership

From Vijay Dandapani, New York, US

Letter: Executive clemency is not a judgment on the court

From Andrea Micheli, London SW3, UK

Letter: Devolution done right can stimulate local economies

From Dr Carl Wright, Chair, European Local Links, Hoath, Kent, UK

Trump threatens to bomb Iran’s bridges and power plants

Tesla’s profits plunge as Musk’s carmaker uses deep discounts to boost sales

Capital expenditures more than doubled as company accelerates pivot to AI and robots

Macquarie names banking head to succeed Wikramanayake as CEO

Greg Ward appointed to lead Australian investing giant

Why the US is losing Chinese AI stars

More entrepreneurs from China believe there are now greater opportunities at home than in Silicon Valley

How long can China defy history and logic with its imbalances?

The country is demanding far too much of a world fixated on cheap consumer goods

FT Crossword: Number 18,433

Google burns through $6bn in cash as AI spending climbs again

Search giant says it will commit up to $205bn to AI investments in 2026

US and Saudi Arabia agree landmark nuclear energy pact

Critics warn agreement lacks safeguards to prevent future uranium enrichment and reprocessing

Uber founder Travis Kalanick raises $1.7bn for new start-up

Andreessen Horowitz and the riding hailing group join funding round

OpenAI hacking incident exposes mounting risks in AI arms race

Increasing use of aggressive training techniques sharpens threat of bad behaviour by leading models

FirstFT: Google burned through cash last quarter amid AI infrastructure splurge

Also in today’s newsletter: OpenAI ‘agent’ hacks into start-up and India’s Gen Z takes on Modi

Russian gas cargoes to remain exempt as EU nears new sanctions deal

Groups such as Greece’s Dynagas will be allowed to continue carrying Russian LNG

Taiwan’s drone ambitions play to its tech manufacturing strengths

Scaling up brings economies of scale, and the island is taking another lesson from China’s playbook: dual-use technology

Vale shareholders elect new chair following governance dispute

Clash revived warnings of undue state influence in Brazilian mining company as pension fund’s candidate wins vote

Mercedes risks US sales ban under Senate China bill

Commerce panel approves legislation barring companies with significant Chinese ownership from US market

Trump threatens to destroy Iranian bridges and power plants

US president’s warning marks latest attempts to assert American control over Strait of Hormuz

Aston Martin strikes £550mn debt deal despite creditor objections

Cash-strapped carmaker defies lenders who branded transaction with BlackRock-owned HPS as ‘extraordinary’

Segro board signals it would back £14bn takeover after battle with US bidder

Real estate group Prologis’s ‘best and final’ approach for London-listed rival follows previous £13.5bn bid

The real barrier to Africa’s solar energy boom

Reducing the cost of capital is the only way to ensure the expansion of renewable energy across the continent

Greek tycoon’s tanker towed into Iranian waters

Shipping group Dynacom ‘trying to verify’ whereabouts of vessel hit in Strait of Hormuz