South Africa’s ANC faces sharply reduced share of vote in local elections
Early results on Thursday suggest huge drop in support for party compared with 2021
Maersk shares fall despite improved outlook on surging data centre demand
Shares dip 10% as investors are disappointed by lower than expected third-quarter results
Sony profits supercharged by new Spider-Man movie
Film division revenues soar 48% in second quarter as Japanese group raises annual outlook
Black Doves — Keira Knightley and Ben Whishaw reunite for this enjoyably daft spy caper
Netflix thriller ups the audacity as Helen’s husband takes office as UK prime minister while she tangles with an oligarch
Rheinmetall cuts sales forecast after delays to armoured vehicle megadeal
Boxer order delay is fresh setback for German defence group
Taiwan’s chipmakers shine brightest in living memory
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
Oil tumbles below $100 on post-election peace hopes
US vice-president JD Vance blames Republicans’ midterm defeat on anger over Iran war
China’s ‘swarm’ strategy for the space race
Beijing has fostered a new national champion in LandSpace
Markets surf the blue wave
Clarity is good
FTAV’s further reading
The afterlife of pi; cybersecurity hell; bank supervision; bagel queen; dragon sex
Toyota shares soar 17% on strong US hybrid demand
World’s largest carmaker raises annual outlook after posting its first profit increase in six quarters
Hong Kong sentences democracy activist Joshua Wong to 10 years
Second security law penalty pushes expected release date to 2036
France urges EU to adopt higher fast fashion levy
Also in this newsletter: Belgium pushes ahead with vote on controversial migration powers
European rates go electric!
Only 60+ years after Bob Dylan, mind
FirstFT: Democrats look to reshape America
Also in today’s newsletter: Russia-Iran ties and UK inflation
Transcript: How will the Democrats’ sweep shape policy and markets?
Marc Filippino speaks to James Politi, Katie Martin and Gideon Rachman
Asian tech stocks slide on post-midterm AI fears
Concerns mount that Democratic control of Congress will slow data centre build-out
Wall Street after the anti-Trump tsunami
Here’s what the US midterm elections mean for the AI supply chain and dealmaking
Democrats look to reshape America after historic midterm victories
Party promises dramatic change in the wake of its ‘blue wave’
Microsoft rejects multibillion-dollar AI deal with UK’s Nscale
Fresh blow ahead of start-up’s IPO as tech giant turns down option to more than double Texas data centre contract
Thieves revealed how feeble my digital defences were
What remains of my hair stood on end when I remembered I had kept a full list of online passwords in the missing bag
UBS slashes spending on consultants as Credit Suisse project winds down
Swiss bank cuts external advisers’ bill by more than $800mn and axes 5,500 jobs as integration nears completion
Russia deepened Iran support with missile launcher deal
Moscow increased military aid for Tehran despite strains from Ukraine war
A&O Shearman invests $1.1bn in AI
The ‘magic circle’ firm has told lawyers each practice area must commit at least 3% of billable time to creating AI tools