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[EN] Financial Times

Trump lifts 40% tariff on some Brazilian food products

White House cites ‘initial progress’ in trade talks with Brasília as it battles discontent over cost of living at home

US tech stocks slide as jolt of volatility hits Wall Street

Nasdaq surrenders gains of more than 2% in most volatile session since April’s market ructions

Read the full text of Trump’s 28-point Ukraine-Russia peace plan

Proposed deal would limit size of Ukrainian forces and calls on Kyiv to withdraw troops from eastern Donetsk

US plan for Ukraine-Russia peace calls on Kyiv to cede land under its control

Ukrainian officials say President Volodymyr Zelenskyy is being pressed to agree to terms negotiated by the US and Russia

India-US trade deal feels like Waiting for Godot

Also in this newsletter: the travails of Tata Motors Passenger Vehicles continue

Letter: Elite institutions cannot be sole curators of the science agenda

From Stefaan Verhulst, Research Professor, Tandon School of Engineering, New York University

Letter: Bit of Swiss backbone

From Ted Gaffney, Waterford, CT, US

Letter: Zelenskyy has to be both an Eliot Ness and a Churchill

From Carel van den Berg, Laren, the Netherlands

Letter: The defeat of nationalism is the EU’s raison d’être

From Corrado Pirzio-Biroli, Brussels, Belgium

Letter: How Beveridge blueprint is buckling under pressure

From Christopher Adam and Irem Güçeri, University of Oxford, UK

Starmer expected to approve China’s ‘mega’ embassy in London

PM likely to green light project despite concerns about Beijing’s efforts to spy on Britain

Letter: When ‘mum’s the word’ was the pre-Budget protocol

From David W Green, David Green Consulting, London NW3, UK

Letter: A reader’s revelation

From Jane Maitland, Executive Coach, Cheltenham, Gloucestershire, UK

Ex-Wirecard boss Jan Marsalek linked to multibillion-dollar laundering network

Link is latest revelation in a years-long probe into Smart and TGR, which move money for criminals and sanctioned individuals

UK consumer confidence drops as public braces for a ‘difficult’ Budget

Households are pessimistic about their own spending and the country’s economic outlook

Scotland qualifies for World Cup 2026

FT Crossword: Number 18,219

Citigroup names new CFO as part of business overhaul

Head of the Wall Street lender’s US retail bank will become its chief financial officer in March

When Chinese tourists reroute, so do Japan’s investors

What began as a diplomatic exchange of words is now turning into a serious threat to Japan’s economic recovery

UK government will buy tech to boost AI sector in £100mn growth push

Liz Kendall unveils plan to offer guaranteed payments for British start-ups making AI hardware

Ukraine fears US pressure campaign to accept peace plan drawn up with Russia

Trump pushes Kyiv to make major concessions on land, size of armed forces and weapons

South Africa claims US has had ‘change of mind’ on G20 boycott

Washington to send official to closing ceremony after Trump administration previously refused to take part in summit

FirstFT: US tech stocks slip as wave of volatility hits Wall Street

Also in today’s newsletter, US weighs in on China-Japan dispute, and the bidding war for Warner Bros Discovery

US adds 119,000 jobs in September but unemployment hits four-year peak

Figures complicate Fed decision on rates next month