Iran attacks Bahrain in escalation of Gulf hostilities
Bahrain says it has intercepted two Iranian barrages this week after months of relative calm
EU banking watchdog veers away from single deposit insurance scheme
Chair of European Banking Authority working on alternative ways to free up more cross-border lending
FirstFT: Jensen Huang discusses comeback as Nvidia chief with allies
Also in today’s newsletter: data centre construction stocks lose $4.2tn and the FDA rejects a cancer drug invented in China
Estonia to close border with Russia after second alleged sabotage attempt
Tallinn accuses Russian military intelligence unit GRU of being behind a failed explosion at dronemaker
Jensen Huang discusses comeback as Nvidia CEO with allies
Tech supporters lobby chipmaker’s board to reinstate former CEO after he resigned following affair with alleged Chinese spy
Young Britons out of work or training for a year to be guaranteed jobs
Work and pensions secretary lays out plan to address ‘lost generation’ ahead of changes to unemployment support
Viktor Orbán’s party reels from $20mn hidden cash discovery
Hungarian police said money was recovered in forests, barns and warehouses as part of investigation into former prime minister’s ally
Bessent says Nvidia needs ‘shake-up’ with external CEO
US Treasury secretary demands to know if chipmaker is complying with restrictions on exports to China
Diamondback nears $5bn deal to expand drilling in oil-rich Permian Basin
Acquisition would be latest in the heartland of the US shale boom amid volatile energy prices caused by Iran war
Anthropic IPO to further fuel the AI news cycle
New York listing date arrives, Trump, Xi and Putin in Shenzhen, a UK-EU entente cordiale
US and allies sign accord to protect AI supply chains from China
Pact comes ahead of Donald Trump’s meeting with Xi Jinping at the Asia-Pacific Economic Cooperation forum in Shenzhen
Decision to move Shakespeare Institute out of Stratford sparks outcry
Study centre’s director quits after University of Birmingham says it will relocate to Edgbaston
FDA rejects cancer drug invented in China in blow to Beijing’s biotech sector
Summit’s Ivonescimab was seen as a test case for whether the country’s medicine could pass scrutiny in the US
Neighbours of China’s London ‘mega’ embassy struggle to sell flats
Beijing owns freehold to about 100 flats near the Tower of London, provoking fears of surveillance, nuisance and leasehold problems
Sadiq Khan backs keeping City of London police independent from the Met
London mayor opposes merger backed by Met commissioner Sir Mark Rowley
Hong Kong developer New World unveils $3.2bn rights issue
Cheng family’s property firm prices share offer at 82% discount as it moves to slash debts
Gold rush turns deadly in Guinea
High gold prices have driven a wave of fresh mining, and Conakry is cracking down
UK businesses facing big rise in electricity bills by end of decade
Estimated increase of about 13% is largely driven by the cost of investment in electricity networks
Republicans blame everyone but Trump for midterm drubbing
The party faithful avoid mentioning their leader as they lick their wounds at Heritage Foundation postmortem
Europe needs to talk to Russia
The cold war teaches us that deterrence requires more than just stronger armed forces
Saudi-backed Yemeni forces retreat from Red Sea in win for Houthis
Yemen announces withdrawal from areas around Bab al-Mandeb Strait in order to protect de facto capital Aden from Iran-linked militants
Britain’s self-inflicted housebuilding crunch
The state encumbers construction, then commits public funds to offset the damage
Will Nvidia earnings steady the AI sell-off?
Market Questions is the FT’s guide to the week ahead
Anthropic’s IPO is the next big test for AI
Even the most powerful frontier labs must bend to the power of public equity