Can AI’s leaders put aside rivalry for the common good?
The deep schism between OpenAI and Anthropic has led to a race-like dynamic towards ever more powerful models
Pressure over Japan nuclear restart led to data manipulation, report finds
Committee’s probe of Chubu Electric throws into doubt country’s pivot back to atomic power 15 years after Fukushima disaster
High inflation or low credibility?
Making sense of the Fed’s next move
Global AI stocks slip on concerns over risks
OpenAI backer SoftBank falls as much as 13% after tech leaders call for slowdown of development
China’s spy agency warns of AI risk to national security
Beijing signals growing concern over how rapid advances in technology could be used against the country
EU and Canada to toast to closer bonds in bid to rally multilateral world order
Also in this newsletter: Russia oligarch sanctions hold-up
Druckenmiller: no US rate cuts needed
Plus, credit fund Arini’s woes, Franklin Templeton rebounds and the Bayeux Tapestry at the British Museum
FTAV’s further reading
AI and economic growth; tech lord trojan horses; IPOs of doom; Kallax Storageborn
Swedish election on a knife-edge
Nordic region’s biggest economy faces weeks of uncertainty and tricky government negotiations
Oil hits $108 after Gulf states postpone talks with Iran over Hormuz
Delay to crunch meeting sets back efforts to restore shipping through vital waterway
FirstFT: Oil surge stirs UK rate rise debate
Also in today’s newsletter: Swedish elections and Euronext open to Deutsche Börse merger
The best of TV and streaming this week
A witty final season of ‘Colin from Accounts’, melodramatic thriller ‘Last Seen’ and more. Reviews by Rebecca Nicholson
Japan’s central bank set for pivotal moment on rates
Governor Kazuo Ueda is facing competing pressures from Tokyo and Washington
Transcript: Fed and BoJ expect rate hikes as US bond market flails
Josh Gabert-Doyon speaks with Kate Duguid and Zehra Munir
Warsh and Trump on collision course as investors expect Fed to raise rates
Central bank chair under pressure to back warnings on inflation with action despite risking president’s ire
Automation is coming for the gig economy
A safety net for people who have fallen out of the formal labour market is being dismantled
Essar strikes deal to buy 118 UK petrol stations
Purchase by owner of Stanlow refinery comes as BP and Shell retreat from forecourts globally
A ‘lucky’ chancellor must also be a resolute one
It is crucial to convince the lenders on whom the UK depends that it is being managed by grown-ups
Tokenised gold could be exempt from fund regulations under FCA proposal
Regulator considers bespoke regime as it bids to unlock more of London’s bullion reserves as collateral in transactions
Battlefield realism and cosy espionage — our pick of the latest thrillers
Simon Conway, Alan Parks and Alex Gerlis draw on war zone heft while Mark Ezra and MJ Robotham have a welcome softer take on spy fiction
How high might natural gas prices go?
Market mindset has shifted to concerns of extended outage as the Strait of Hormuz blockages continue ahead of winter
Expanded ad ban on ‘less healthy’ foods could hit £1bn in UK media spending
Plans to update nutrient profiling model are part of effort to tackle childhood obesity
European capitals barter over Christine Lagarde’s successor at ECB
Eurozone governments are negotiating a ‘grand package’ over three of the central bank’s most senior roles
Music industry targets AI songs in crackdown on streaming fraud
Scammers are flooding platforms with tracks then deploying bots to rack up plays and royalty payments