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[EN] Financial Times

Top Goldman lawyer referenced Jeffrey Epstein’s ‘Russians’ in email

Exchanges are further evidence of Kathy Ruemmler’s apparent ties to convicted sex offender

Letter: How US households subsidise the AI data centre boom

From Jenny Martos, Project Manager, Global Oil and Gas Plant Tracker, Global Energy Monitor, Richmond, VA, US

Letter: Tory Brexit negotiator on the Labour reset

From Lord (David) Frost, House of Lords, London SW1, UK

Leapmotor: China’s no-frills EV maker aiming to become the next BYD

Low-cost carmaker harbours ambitions go global and rank among world’s top 10 auto groups

Letter: What those early blooming daffodils really tell us

From Raj Parkash, London W4, UK

Brad Karp to step down as Paul Weiss chair after Epstein revelations

Files released by US Department of Justice detailed his relationship with the child sex offender

Letter: Plea for transatlantic ties, not technological autarky

From Daniel Castro, Director, Center for Data Innovation, Washington, DC, US

First Brands founder Patrick James pleads not guilty in company’s collapse

CEO’s brother Edward also enters not guilty plea to fraud and conspiracy counts

Rushing Brexit reset deal risks costing British farmers, Starmer told

MP says such an agreement would come with trade-offs

Elon Musk plans space-based AI

‘Not another eclipse of the sun by a data centre’

FT Crossword: Number 18,286

Hedge fund run by Chris Rokos ends talks with Mandelson on advisory role

Billionaire trader’s firm had been in discussions with former UK minister after he was fired as ambassador to the US

US tech stocks hit by fresh wave of selling as Qualcomm and AMD tumble

Declines follow steep falls for software shares in previous session over worries about new AI tool

Google set to double AI spending to $185bn after strong earnings

Search giant reports more than $400bn in annual revenue for the first time

FirstFT: Chinese trading firm Zhongcai nets $500mn from silver sell-off

Also in today’s newsletter: Trump and Xi discuss Ukraine and Taiwan, and US seeks critical minerals trade zone

Iran should prepare for ‘meaningful’ negotiations with US, Rubio says

Tehran seeks to limit talks to nuclear aims as Washington pushes for concessions on missiles and proxy programmes

Arm CEO says AI software sell-off is ‘micro-hysteria’

SoftBank-owned chip group forecasts strong growth in data centre business but shares slide amid wider tech rout

Help us explain Los Angeles neighbourhoods

To understand LA geography, visitors need an annotated map. We’ll use your answers to this short survey to make one

Trump’s border tsar announces withdrawal of 700 federal agents from Minneapolis

Drawdown comes as backlash against enforcement tactics forces president to soften approach to immigration crackdown

Starmer engulfed in leadership speculation as he backtracks over Mandelson papers

PM agrees to parliamentary oversight of release of documents about peer’s appointment as ambassador to US

White House seeks critical minerals trade zone to curb China’s dominance

Effort marks rare instance of Trump administration aiming to collaborate with global allies on trade

Epstein advised former prince’s team on proposed deal with Cantor Fitzgerald

Aides to Andrew Mountbatten-Windsor worked with convicted sex offender on planned agreement with US investment bank

Orbán orders courts to drop lawsuits against his government

Rights groups say move marks fresh low for rule of law in Hungary

Top Senate Republican says Fed’s Powell has not ‘committed a crime’

Banking committee chair Tim Scott pushes back against probe into US central bank chief