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[EN] Financial Times

Letter: Britain’s housing crisis has a northern solution

From Professor Ian Wray, Heseltine Institute for Public Policy, Practice and Place, University of Liverpool, UK

Letter: Why Track 17 is a memorable memorial

From Jon Eisenberg, Bethesda, MD, US

Letter: Is the west right to dismiss Putin’s threats as bluster?

From Sir Anthony Brenton, Former British Ambassador to Moscow, Cambridge, UK

Letter: Inaugural lecture of an Oxford history professor

From Rupert Boswall, Staplehurst, Kent, UK

Letter: African states wrong to see informal sector as tax target

From Max Gallien and Vanessa van den Boogaard

Letter: My Saturday ‘passeggiata’ before the riots took hold

From Miha Košak, Milan, Italy

Letter: UK needs a credible plan to bring down its debt

From François Eliet, London SE24, UK

Letter: The big challenge for CFOs in current reporting season

From Tony Csemet, Co-Founder & Chief Product Officer, ValueLens, Wilmington, DE, US

Letter: What Nietzsche might make of PM’s hope mantra

From Alan Coppin, Bourne End, Buckinghamshire, UK

Cyber security flaw threatens millions of websites

Palmer Luckey unveils start-up to breed ‘genetically enhanced’ dogs for military

Anduril’s co-founder and entrepreneur Ben Lamm conceived of company to clone and genetically edit working canines

US Treasury proposes tighter rules on investing in sensitive Chinese tech

Restrictions would apply to investments in areas including AI, hypersonic weapons and biotech

‘Relentless’ cost of living pressures behind collapse in UK consumer confidence

Index measuring how people view their finances and economic prospects suffers largest monthly drop since onset of Covid in 2020

FT Crossword: Number 18,513

OpenAI trims valuation target to $1.25tn after pitching higher price

AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT

FirstFT: Meta rekindles AI spending fears

Also in today’s newsletter: China steps up ‘grey zone’ tactics against Taiwan and India mounts costly defence of rupee

UK urges public and business to better prepare for emergencies

Ministers urge households to stock up on essential items amid growing risk of natural disasters, cyber attacks or state-sponsored terrorism

Moderna shares sink after leaked cancer data missed expectations

Melanoma vaccine treatment cut risk of recurrence or death by 58% but failed to exceed Wall Street’s lofty expectations

Singapore goes after companies over toxic haze

Smog-choked city-state is threatening groups behind land burning in Indonesia

Airfares will not return to pre-Iran war levels, American Airlines warns

Some industry chiefs say travellers should expect a further rise in ticket prices next year

Nasdaq tumbles while Treasuries soar as Meta rekindles AI spending fears

Social media group’s market value sinks by $124bn after it says it will raise ‘hundreds of billions of dollars’ in coming years

UK waters down ‘fit and proper’ rules set up to hold bankers to account

Existing regulatory regime was instrumental in actions against former Barclays boss Jes Staley and hedge fund owner Crispin Odey

Breaking down the bond market

Government debt is selling off and no one can agree why

Blackstone cuts property valuations as higher rates hit returns

Group’s president Jonathan Gray says rising market volatility stalled a quick payout of cash to investors through IPOs