Letter: Questions Anthropic needs to answer ahead of its IPO
From Ewan Kingston, Assistant Professor, Management and Entrepreneurship Department, Santa Clara University, San Jose, CA, US
Letter: Poetic counterpoint to Trump’s election ‘dividend’
From John Gaffney, Newmarket, County Cork, Ireland
Letter: Masters in Marxist norms?
From Matthew Olex-Szczytowski , MBA Insead (4th in the FT rankings), Warsaw, Poland
Letter: Closing infrastructure gap requires more than finance
From Paula Walsh, Arup’s MD for Europe, India, Middle East and Africa, London W1, UK
Trump suggests EU-Canada associate member deal would be ‘hostile act’
US president threatens to impose ‘very serious’ tariffs on the bloc if the measure is approved
Ed Sheeran’s support acts pull out in wake of Gaza protest
Holtec pulls IPO over ‘perfect storm’ in AI sector, founder says
Kris Singh says market sentiment against data centres had dented flotation
Fed defies Trump with first rate rise since 2023
President calls for 1% borrowing costs after US central bank signals willingness for further action to cool inflation
UK ministers look at overhauling disability assessments to cut welfare bill
Sir Stephen Timms is drawing up plans for reform of personal independence payments
Cut ‘net zero’ from name of UK net zero department, MPs urge
Cross-party group says term has become ‘lightning rod for opposition to climate action’
FT Crossword: Number 18,482
Breast cancer drug approved after UK pharma deal with Trump
Medicine previously rejected by watchdog in England on cost grounds will now be available to about 1,000 women a year
LVMH scion Alexandre Arnault appointed to Nike board
Son of luxury boss Bernard Arnault joins sportswear brand as it attempts turnaround
US lawmakers pass Russia sanctions bill
Trump expected to sign measure into law that could impose levies on importers of Moscow’s energy, including US allies
Federal Reserve decision as it happened: Trump calls for rates to be 1% or less after Fed tightens monetary policy
President urges policymakers to act as rate-setters lift borrowing costs for first time since 2023
Walter and Boehly sell Chelsea FC stakes to Clearlake for £950mn
Deal to sell 25% of football club helps financiers raise funds as their insurance empires come under scrutiny
FirstFT: Fed raises rates for first time since 2023
Also in today’s newsletter: Hong Kong unveils first five-year plan and Chinese oil prices hit record highs
Hackers demand Revolut pay $3mn ransom after data breach
Group calling itself iamnotavillain threatens to sell customers’ confidential records to other criminals unless UK fintech pays within 24 hours
Sweden’s leftwing opposition parties predicted to win election
Social Democrat leader Magdalena Andersson expected to face tricky task of trying to form a coalition
Healey prepares UK for ‘really challenging’ Budget
Chancellor’s allies say wars in the Middle East and Ukraine are having a ‘significant impact on the economy’
Federal Reserve raises fed funds rate with likely more to come
Its decision was accompanied by new inflation and interest rate forecasts showing that most policymakers expect one more tightening this year
Trump oil ally Harold Hamm to invest in Venezuela
Move by Continental Resources marks latest foray by a western oil producer into the country after US military seized president Nicolás Maduro
Britain’s unsustainable pensions lock
It would be better to link state retirement benefits to earnings growth
Turkish stocks slide in ‘fund run’ as investors withdraw $1bn
Index provider MSCI raises prospect of cutting Turkey from emerging market to frontier status amid accusations of ‘co-ordinated trading’ by fund managers