Trump rejects ‘globalist scheme’ in blow to Burnham’s plan for AI guidelines
President says US is ‘leading over China by a lot and everyone else, and we’re going to keep it that way’
Trump threatens to ‘annihilate’ Iran in combative UN speech
US president also says American officials held ‘very good meeting’ with Iranian delegation
Royal Caribbean nears deal for Sandals valuing resorts at more than $6bn
Deal would be largest in cruise operator’s history as it moves to cater to tourists on land as well as sea
Trump says US officials met with Iranian team
US president says options on the table for Tehran are ‘potential greatness or obliteration’
US proposes $10bn fund with Arab allies to bypass Hormuz
Trump is in discussions about a fund that would build new energy infrastructure across the Middle East
Airtel Money poised to launch one of London’s biggest IPOs in recent years
African mobile payments group to file paperwork as early as this week as it looks to raise $800mn at $8bn-$9bn valuation
EU to lift sanctions on two Russian oligarchs
Mikhail Fridman and Alisher Usmanov removed from bloc’s list under deal to extend curbs for three years
Bridge: When responding opponent reveals too many values, declarer must seek additional options
Dummy’s long suit must be considered by both declarer and defender
Anthropic releases cheaper AI model ahead of IPO
New Claude model sharpens Anthropic’s pitch to investors ahead of blockbuster listing
The next generation of American scientists is fading away
While the Trump administration racks up ‘wins’ in its anti-woke crusade, the US is eroding its talent pipeline
Ed Davey promises £17bn tax cuts as he warns Lib Dems are in ‘fight of our lives’
Party leader outlines plans to increase tax-free personal allowance threshold
US fighter jet crashes in Germany
Pilot injured in latest incident involving military aircraft
Saudi Arabia signals East-West pipeline reopening
Key route for Saudi crude to reach Red Sea has been closed for two weeks following drone strikes
New ‘fire amoeba’ breaks heat survival record
Organism found in California volcanic springs joins club of extremophiles that thrive in most severe environments
The UK Budget: what does it mean for growth and security?
Join a webinar for FT subscribers on October 29 and send us your questions
Paramount wins over US states — but can it win over the bond market?
The Hollywood studio will emerge from the WBD acquisition with net debt of about $80bn
Soaring diesel prices spur export ban calls from Republican lawmakers
Also in today’s newsletter, US and China agree to set up ‘AI dialogue’ ahead of high-stakes summit
Mercedes-Benz aims to close AI gap with China rivals through Wayve deal
German carmaker will integrate start-up’s autonomous driving system into at least one model to be deployed in next two years
Pick a stock, just not any stock
Fewer ziggers, more zaggers
Catarina and the Beauty of Killing Fascists — the Portuguese play that has provoked walkouts and stage invasions
Tiago Rodrigues’s drama about the thorny problem of countering extremism makes its premiere at London’s National Theatre
Warburg Pincus and CD&R near deal to buy Canaccord’s UK wealth division
Private equity groups are in advanced buyout talks at £1bn-plus valuation as deals wave sweeps sector
UK government borrowing surges in blow to Healey ahead of Budget
‘Dismal’ £18bn figure for August comes as inflation drives up government spending
The dying days of the Fed’s dot plot
Notwithstanding Kevin Warsh’s criticisms, the FOMC’s projections are often incoherent and do not come with an economic narrative
AI staff complain of mental toll over fears of threat to society
Top researchers at Aisi, OpenAI, Anthropic and Google DeepMind report burnout and stress over developing powerful AI