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[EN] Financial Times

More than 80 countries back push for ‘road map’ to quit fossil fuels at COP30

Intervention from ministers once again puts the topic at the heart of climate change discussions

Paramount held talks with Saudi wealth fund over potential Warner bid

David Ellison met officials from the kingdom’s Public Investment Fund, among other Gulf investors

Wildcats set to make comeback in UK

India’s tech evolution is speeding up

The sector is expanding far beyond its giant IT service companies

No return to ‘hollowed out’ UK armed forces, defence secretary to say

John Healey to defend government’s military spending priorities as report raises concerns about readiness

FT Crossword: Number 18,217

‘Things happen’: Trump recasts Khashoggi killing as Saudi prince arrives with deals

US president touts $1tn investment from Mohammed bin Salman during gilded Oval Office welcome for strongman

Fintech Klarna records loss as it expands into conventional lending

Swedish group has been diversifying away from its bread-and-butter model of deferred payment loans

US Congress approves bill to release Jeffrey Epstein files

Legislation forcing the disclosure of more documents must now be signed into law by Donald Trump

UK ministers accuse Exxon of lack of engagement over efforts to save Scottish plant

US oil group cancelled meetings during talks to try to avert closure of ethylene unit, correspondence claims

Reeves asks UK regulator to investigate private dental charges

Competition and Markets Authority set to probe dentistry sector after sharp increase in prices

Transcript: Big deals in Big Pharma

Robert Armstrong speaks to US finance editor James Fontanella-Khan

FirstFT: China raises economic pressure on Japan in dispute over Taiwan

Also in today’s newsletter, Philippine corruption scandal escalates, and US House votes to release Epstein files

Tales from beyond the bubble

Hello? Is there anybody in there?

Nintendo borrows from Apple’s product playbook

Instead of leaping into a completely new format, the Japanese group chose incremental innovation with its Switch 2 console

Green groups sue to block Trump’s first oil lease auction in US Gulf

Complaint cites involvement of former energy industry lobbyist in decision-making process

Fund managers warn AI investment boom has gone too far

Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure

Home Depot cites US job and affordability fears as it cuts outlook

Home improvement retailer blames sales slowdown on sluggish housing market and less destructive hurricane season

US tech stocks slide as traders fret over ‘frothy’ AI valuations

Nasdaq lower as heavyweights including Nvidia and Microsoft sustain steep falls

Big deals in Big Pharma

What the bidding war over Metsera says about the drug business

Meta wins US case that threatened split with WhatsApp and Instagram

Social media group has beaten antitrust suit brought by the Federal Trade Commission

Ocado shares sink after key customer Kroger scales back partnership

US grocer announces plans to close warehouses in blow to credibility of UK company’s tech licensing business

UK warns China against spying after MI5 tells MPs they are being targeted

Security minister Dan Jarvis says Beijing is trying to recruit people with access to the British government

Trump says Saudi crown prince ‘knew nothing’ about Khashoggi’s murder

US president gives lavish welcome to Mohammed bin Salman at start of high-profile visit to Washington