Thiel-backed start-up to mass-produce ‘deep strike’ missiles in Europe and US
Covenant to open factories in US, Germany and Israel as it looks to disrupt market for long-range weapons
Airlines call for air traffic control boss to quit as disruption continues
Airlines put pressure on Martin Rolfe after software failure grounded more than 1,000 flights
Anthropic researcher quits over AI labs ‘gambling with our lives’
Latest departure highlights mounting unease inside Silicon Valley companies racing to build ever more powerful systems
Oil hits $100 for first time since July
Brent crude advances as escalation in US-Iran war feeds fears of renewed global supply crunch
The Story of Money with Gillian Tett and Robin Wigglesworth
They say money makes the world go round, but was it always this way? Join Gillian Tett and Robin Wigglesworth on The Story of Money as they revisit the pivotal moments when money shaped history.
Lessons from England’s school success story
Its latest PISA scores have bucked the OECD’s downward trend in performance and we can learn a lot from the top-performing examples
‘I am the house now’: Bessent warns currency traders not to bet against yen
Comments follow July’s rare joint intervention with Tokyo to support Japanese currency
Oil nears $100 as US launches new strikes on Iranian tankers
American military hit ‘multiple’ ships linked to Revolutionary Guards following attempted missile attacks on US warship
Gaming group Evolution’s own report found it made money in banned markets
Report has been disclosed as part of a legal battle with Black Cube despite Evolution seeking to keep it under wraps
Norway’s oil fund says what everyone is thinking
Sovereign debt ain’t what it was
FTAV’s further reading
Yuan; maths; jobs; sweeties; spying; separatists
Europe turns to carbon capture in bid to clamp down on emissions
Also in this newsletter: Brussels’ truce with Apple raises app developer ire
The clock is ticking on Senegal’s ‘total return swaps’
Not such a FAB way to manage sovereign debt
FirstFT: Anthropic withheld AI model from UK testers
Also in today’s newsletter: US bans Canadian dairy and Revolut targets business banking
Transcript: Was Jesus anti-capitalist?
Gillian Tett and Robin Wigglesworth speak to biblical scholar Tom Thatcher
Transcript: DeepSeek mania spawns shadow market
Sonja Hutson speaks to Eleni Varvitsioti and Arjun Neil Alim
Trump gifted top aide Natalie Harp a $45,000 holiday bonus
Executive assistant’s role has burst into public view in recent weeks
Hedge fund billionaires’ permanent holiday
Trader Chris Rokos is moving his tax residency from the UK to Greece as Athens woos hedge funds
Anthropic withheld latest AI model from UK testing agency
Decision to exclude Aisi has prompted fears inside British government of protectionist shift among tech groups
‘Mini-livers’ offer a new spin on regenerative medicine
The latest research suggests injectable grafts could provide an alternative to transplantation
Warsh might yet be a good Fed chair
He must stay clear on the objectives of policy and sensible on how the central bank should conduct itself
BP and Shell’s strategy counterpoint
Lacking natural advantages and national support of other energy majors, the companies need to be more nimble
McLaren to create 1,000 UK jobs in product overhaul
Carmaker will give boost to automotive sector as part of £450mn investment in its Woking technology centre
Monsoon founder Peter Simon on selling his vast art collection
The works, including paintings by Francis Bacon and Bridget Riley, will be sold at Christie’s and are estimated to be worth between £87mn-£127mn