Nestlé removes Russian business from accounts after Kremlin takeover
Swiss group takes $1.95bn net assets from its balance sheet after presidential decree to control business
Global stocks tumble as oil prices rise
China’s CSI 300 index sheds 1.8% and European equities fall
FT Wealth: October
In this edition: Global yacht boom turns marinas into valuable assets; brewing fortune finds social purpose in challenging the system; how a gargantuan home foretold our Mar-a-Lago world; landowners reap dividends from regenerative agriculture; well-written letter of wishes can save a lot of grief;
Ukraine to buy military supplies via Nato agency
Agreement could allow Kyiv to speed up delivery of ammunition and weapons at lower cost
Liquidators of Chinese property giant pursue Harvard to recoup donation
China Evergrande had given millions of dollars to university in decade before its collapse
Barclays plans 5,000 job cuts as bank steps up AI adoption
Reductions announced as third-quarter profits fall short of City expectations
US orders some personnel to leave Saudi Arabia after Houthi attacks
Decision comes as two people were killed in a drone attack targeting Saudi Aramco’s Shaybah oilfield
Websites taken offline in race to patch PHP security flaw
Government security agencies warn companies to take immediate action after AI uncovers widespread vulnerabilities
Hermès hit by ‘challenging’ economic backdrop in China and Middle East
Luxury brand’s sales miss forecast despite strong growth in handbags and leather goods
Russian missiles bombard Kyiv after Witkoff-Putin talks
Donald Trump’s envoy met Volodymyr Zelenskyy in Oslo before heading to St Petersburg in diplomatic push
FTAV’s further reading
Chokepoints; PHP; Theranos; plasma screens; writer scams; dark nutrition; fire escapes; and Pi
Hyperscalers and how to rate them
In the land of known unknowns
EU scrambles for seat at the table in Ukraine talks
Also in this newsletter: Chemicals group warns about investing in decarbonisation in EU
Guess these gilet prices and we’ll predict which bank you work at
Fully vested
FirstFT: Axel Springer boss pitched deal to buy TikTok’s European arm
Also in today’s newsletter: UK tuition fees and EQT-Qiagen deal
Transcript: Are we sleepwalking into a third world war?
Gideon Rachman speaks to Alec Russell
‘Eat. Sleep. Securitize. Repeat.’
The corporate debt machine looked unstoppable at this week’s ABS East conference in Miami Beach
Has Andy Burnham won over British voters?
The FT’s focus group gathered views on the prime minister as he approaches his first 100 days in office
Which G7 economy is the profligacy poster child?
Among the group, France and the US are heading into a wall
Chocoholics and meat lovers feel brunt of rising UK food prices
Poor cocoa harvests and smaller cattle herds push up costs as trade experts call for energy relief for food and drink sector
India mounts costly defence of rupee
Central bank has spent about $90bn of money raised from diaspora to shore up currency
Armies of lawyers prepare to stop interference in US midterms
Hundreds of attorneys to work with election integrity groups owing to fears of meddling in next month’s vote
Big private equity backers call for greater scrutiny of sweetheart deals
Concern that investors are insufficiently prepared to challenge buyout firms on deals involving potential conflicts
Transcript: Elon Musk’s $3.6tn gamble to merge SpaceX and Tesla
Marc Filippino talks to Laura Pitel and Ryan McMorrow