Samsung shares fall despite bullish outlook on AI spending
Third-quarter profits for world’s largest memory-chip maker fall just short of analyst estimates
Letter: MSCI owes investors an explanation for its Indonesia warning
From Denny Indra Sukmawan, PhD candidate, Department of Politics (International Relations), University of Liverpool, UK
Letter: Lula’s margin of victory is more than double Trump’s
From R Vijayaraghavan, San Jose, CA, US
Letter: Who benefits from the negative image AI now has?
From Otto Petrovic, Professor of Information Systems, University of Graz, Austria
Letter: Why your Greenhouse Gas Protocol story is important
From Jackie Omotalade, Pittsburgh, PA, US
UK chancellor John Healey unveils Budget
Flávio Bolsonaro claims fraud in Brazil’s presidential election
But some allies of the loser in Sunday’s run-off, who has fled to the US, disown his allegations
Debt woes throttle European commercial property market
Office transactions slide to lowest level since 2009 in third quarter
Google shares tumble 10% after $51bn AI outlay deepens cash burn
Search giant admits its ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations
Microsoft blames data centre delays for lower capital expenditure
Software group reports overall revenue rose 19% to $92.3bn in quarter to the end of September
North Korean labour advertised online to Russian factories
Report into worker pipeline sheds light on deepening economic ties between Moscow and Pyongyang
FT Crossword: Number 18,518
Trump calls for Alaska Democratic candidate to be banned from Senate race
Report alleges that Mary Peltola’s campaign recruited other contenders to mislead Republican opponent’s supporters
FirstFT: Weil leadership tells partners firm should wind down
Also in today’s newsletter: Google shares tumble as cash burn deepens and dozens killed in Spain high-speed train crash
Fed holds fire on interest rates despite intensifying inflation
Central bank to vote on monetary policy seven times next year in shift from decades-old custom of having eight such meetings
Peltz’s Trian makes $3.8bn take-private offer for fast-food chain Wendy’s
Approach marks latest episode in investment firm’s longstanding involvement with the burger and shake company
Weil leadership tells partners firm should be dissolved
Decision marks stunning downfall for near-century-old law firm that was among America’s largest and most prestigious
Republicans seek to deflect Epstein anger on to Democrats
Donald Trump’s party targets opponents over mega-donor Reid Hoffman’s support for midterms campaign
Healey praised business. The feeling was not mutual
While the Treasury issued supportive quotes from corporate stakeholders, other leaders said the package fell short
Healey hits banks and savers to fund modest Budget handout
Chancellor opts for limited household relief as fiscal watchdog warns of ‘pretty grim’ picture for living standards
Oracle rallies after telling investors its AI bet will pay off sooner than expected
Database group projects $30bn in free cash flow by 2029 and will limit additional raising for data centre strategy to $20bn
London cap for new first-time buyer scheme ‘needs urgent rethink’
Effectiveness of measures to help buyers on to the ladder called into question while interest rates are elevated, housing experts warn
Chancellor’s Budget placates markets but delays crunch decisions
John Healey reassures gilt investors as he defers key choices on spending amid rising fiscal pressures
Healey fiddles while the UK stagnates
The government has behaved sensibly, even though its measures evoke little enthusiasm