EU diplomatic chief faces up to calls for powers to shift to Commission
Also in this newsletter: The Italian feud being fought in Luxembourg
FTAV’s further reading
Pluto; freezers; L’Entarteur; bonds; Snow vs Leavis; ice cream vans; and kids
Japan’s benchmark bond yield hits 3% for first time since 1996
US Treasury secretary Scott Bessent sends signal that he expects Bank of Japan to raise rates soon
Shein shares slide 10% in Hong Kong trading debut
Fast-fashion retailer completes long-delayed IPO at bargain-basement valuation
Transcript: How viable is Trump’s oil deal with Venezuela?
Sonja Hutson speaks to Jamie Smyth, Marc Filippino and Kieran Smith
FirstFT: Big Law urged to cut fees amid AI
Also in today’s newsletter: UBS regulatory win and Eurozone inflation
This time it really was different
Another look at why 2022-23 wasn’t like 1982-83
‘Conflict of attrition’ in Iran could keep inflation high, ECB policymaker warns
Finnish governor Olli Rehn strikes hawkish tone ahead of expected interest rate rise in the Eurozone
Apple’s new boss starts out asset-light and option-rich
The greatest asset John Ternus inherits is optionality
A bankruptcy brawl on the golf course
LIV Golf may file for Chapter 11 protection as soon as next week
Burnham signals fresh moves on living costs as political battle lines harden
Decisions on welfare are likely to be delayed into next year
Can Trump’s 65bn-barrel deal revive Venezuela’s oil industry?
Analysts warn agreement may not succeed in attracting investment from US groups and could destabilise country’s interim president
A real-world trial for work in the age of AI
There are important lessons about universal basic income to be drawn from the behaviour of pensioners
UK growth figures are set for another end-of-year slump. Why?
The Meta settlement is regulation by enforcement
Social media groups are finding out the downside of avoiding federal oversight
Disasters to cost world $450bn a year from climate change and development
More than half of losses not covered by insurance as carriers carve out risk and cut exposure
Glasgow, the UK’s asylum hub, finds itself a target for the far right
Scottish city hosts more asylum seekers per population than anywhere else in Britain but campaigners say the mood has shifted
Wall Street banks push Big Law to cut fees because of AI
Goldman Sachs, Morgan Stanley and Citi tell law firms their bills should fall because technology has made routine work faster
British banks crack down on Covid loan defaulters after government pressure
Barclays and Starling file winding-up petitions against almost 70 companies, many of which have never filed accounts
Illegal streaming costs UK £1.4bn a year, broadcasters and sports bodies warn
Coalition seeks government support to crack down on pirated content and restore lost revenue
How Detroit landmark Michigan Central won back its lustre
Built in 1913, the 18-storey tower spent decades derelict and covered in graffiti but is now becoming home to tech bros, toddlers and a luxury hotel
A first look at Luca Guadagnino for Zara
The film director has co-created a range of homeware and clothes for the high-street giant. It’s epic
It was billed as effortless London luxury. Then tenants found out the rules
Shard Place’s policies, including those on guests and delivery riders, have frustrated many renters
WPP cutting up to 1,000 more jobs as AI reshapes advertising industry
UK agency accelerates restructuring programme under new boss Cindy Rose