Politicians should ‘look at the UK economy as a CEO would’, says Lloyds Bank’s boss
Head of Britain’s biggest lender talks about tax, AI and why the City of London has fallen behind global rivals
AI has changed banking — but not the lessons I learnt
A long career brings experience in human behaviour and institutional politics that is valuable even as tech reshapes industry
Serbia’s strongman leader voted out
Aleksander Vučić admits he was defeated by student protest movement
Lula is re-elected Brazil’s president in knife-edge vote
Victory of 80-year-old leftist over Flávio Bolsonaro is blow to Trump’s plan for greater US influence in Latin America
Transcript: The Bethlehem Project — Voters feel anxious and uncertain as US midterms near
An FT focus group in Pennsylvania discusses how they feel about the country ahead of the November vote
After stunning victory, Lula will face a deep hangover
Veteran leader will be challenged by battles with congress and high debt levels after rightward shift of centre of political gravity
Serbia’s ex-president Vučić concedes defeat to Student List in parliamentary poll
Election loss marks a dramatic fall from power for strongman nationalist leader as near-record turnout favours grassroots party
Letter: How World Bank gets private capital to low-income countries
From Dan Peters, Director, Development Policy and Finance, Gates Foundation, Washington, DC, US
Letter: The UK’s teapot capitalism?
From Niccolo Caldararo, Department of Anthropology, San Francisco State University, CA, US
Letter: Putin is a humanitarian — or at least Witkoff says so
From Richard G. Little, Williamsburg, VA, US
Letter: In the American west, let markets set price of water
From McKenli Williams, Water & Land Policy Analyst, Nevada Policy, Boulder City, NV, US
Letter: Farmers’ anger is justified, but they must not overreact
From Natalie Gaibani, Head of Farming, Strutt & Parker, Newbury, Berkshire, UK
Letter: Data centres ought to heed lessons of the early internet
From Jonathan Aylen, Honorary Senior Research Fellow, Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, UK
Letter: Audit safeguards are not ownership structure alone
From Martin Mulyadi, YHB Endowed Chair in Accounting, Professor of Accounting, Shenandoah University, Winchester, VA, US
Serbia follows Hungary in showing the power of the people
Anger at corruption and an unaccountable government turned the country decisively against autocratic leader Aleksandar Vučić
Burnham promises Budget cash to end rough sleeping
Chancellor John Healey prepares to unveil a fiscal statement aimed at reassuring markets while finding cash for Labour’s social objectives
Weil’s incoming leader to walk away from top job as law firm faces talent crisis
Ramona Nee had been due to take the helm in January but has declined position amid an exodus from the Wall Street law firm
Brazil’s Supreme Court extends voting as transport complaints mar election
Lack of buses and ferries adds to tense contest as rightwing challenger seeks to oust leftist president and bring country closer to Trump
FT Crossword: Number 18,515
School IB Geography class: Africa’s explosive growth in cities
Urban environments
Venezuelan opposition leader Machado returns from exile
Nobel laureate’s arrival poses a challenge to the country’s Trump-backed interim government
FirstFT: Brazil awaits results in knife-edge presidential vote
Also in today’s newsletter: Venezuela’s opposition leader returns from exile and Kim Jong Un visits Chinese border city
Toyota takes on Tesla and China in humanoid robot race
Japanese group uses 20 years of research to commercialise intelligent robots
PM stokes Brexit debate ahead of UK-EU summit
Leader calls for ‘honest discussion’ about free movement as he prepares to set out options for country’s long-term relationship with Brussels