FirstFT: Trump threatens to ‘annihilate’ Iran in combative UN speech
Also in today’s newsletter: Nasdaq 100 hits new high and China’s share of global container exports soars
Labour MPs call for end to loophole that trimmed billionaire’s tax bill by £18mn
Quadrature Capital’s Suneil Setiya would have been liable for higher rate of stamp duty had he not bought five flats together with London mansion
Transcript: Turkish dismay
Robert Armstrong speaks to John Paul Rathbone
US and Iran hold first talks since June as Trump threatens ‘annihilation’
President says Steve Witkoff and Jared Kushner had ‘good meeting’ with Iranian delegation on the sidelines of the UN gathering
Trump says he would back US diesel export ban
President’s support for suspending foreign sales comes as conflicts in Middle East and Ukraine send price of vital fuel soaring
Trump rejects ‘globalist scheme’ to control AI in blow to Burnham
President says US is ‘leading over China by a lot and everyone else, and we’re going to keep it that way’
Anthropic and OpenAI release cheaper models as price war intensifies
New Claude and ChatGPT tools slash costs from earlier versions while promising better performance
Nasdaq 100 rises to new high as ‘AI Fomo’ returns
Tech-heavy index recovers from summer sell-off
Top UK graft prosecutors joined Trump’s Venezuela oil baron during Swiss probe
Alejandro Betancourt was previously wanted by authorities in Switzerland as part of a money-laundering investigation
US government and Gulf billionaires back Todd Boehly bid for Lukoil assets
Consortium aims to unseat Carlyle, which struck deal to buy Russian group’s international business in January
Turkish dismay
The ‘Ponzi-like scheme’ making waves on the Bosphorus
Macron calls on Russia and Ukraine to halt strikes on energy infrastructure
French president says there must be a ‘double moratorium’ on energy and civilian attacks as fuel prices soar
Royal Caribbean nears deal for Sandals valuing resorts at more than $6bn
Transaction would be largest in cruise operator’s history as it moves to cater to tourists on land as well as sea
Booker Prize 2026 — former winners Marlon James and Douglas Stuart on shortlist
The six novels span genres from dystopian and historical fiction to contemporary realism and campus satire
Booker Prize 2026 — the shortlisted titles in the FT
From a post-apocalyptic tale on the coast of Kent to a meditation on the power of secrets, here are our critics’ views on four of the six works of fiction in the running for this year’s Booker Prize. The winner will be announced on November 9
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
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