Court tells Meta to pay extra $567mn penalty to tackle social media harm to children
Tech group to appeal after New Mexico judge finds company to be a ‘public nuisance’
US euro sale to prop up yen blindsided ECB
Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention
Airtel to list its $10bn Africa finance business in London
Also in this newsletter: Indian government sells stake in LIC
Why Modi’s economic model is not working for India’s youth
Protests reflect deep frustration with poor job prospects and government mis-steps
Letter: EU carbon pricing rules need to cover all aviation emissions
From James Kershaw, Scientific Manager, Opportunity Green, London EC4, UK
Letter: Putting a value on Adidas’ World Cup ad spend
From Michael D’Esopo, CEO, Lippincott, New York, NY, US
Letter: Expect a hybrid world in capital markets in the future
From Dini Ajmani, Former Deputy Assistant Secretary, Capital Markets, US Treasury, Hoboken, NJ, US
Letter: Who underwrites the risk when AI agents go rogue?
From Ross Sinclair, CEO of insurtech firm EIP, Douglas, Isle of Man
Letter: It’s not just the number of non-doms who quit Britain
From William Salomon, London W11, UK
Letter: The Fed’s seigniorage is also under attack
From Alex J Pollock, Senior Fellow, Mises Institute, Auburn, AL, US
Letter: Age gives you the licence to say what you don’t like
From Helen Campbell, Brussels, Belgium
Trump denies claims of US munitions shortages
‘We have more enemies than missiles’
Alibaba’s latest AI model puts it back in the great game
The ecommerce and cloud company hopes to recoup some of its lost shine with Monday’s release
FT Crossword: Number 18,446
Google shifts AI power back to Brin as DeepMind’s Hassabis steps aside
Silicon Valley parent consolidates control as the London lab’s scientific culture gives way to urgency to build AI products
Rail users face further disruption after Manchester power cut
Hundreds of trains were cancelled in north-west England after a 90-second outage at a critical train signalling centre
Mexico deploys hundreds of troops to secure avocado heartlands
Violence in Michoacán state prompts US to withdraw its inspectors and suspends imports of the fruit
FirstFT: US scientists use AI to create first synthetic viruses
Also in today’s newsletter: Jane Street in talks to refinance $11bn debt load and SoftBank beats analysts’ expectations
Tories vow to ban foreign nationals from accessing UK social housing
Party leader Kemi Badenoch pledges to implement policy if she forms next government as she tries to outflank Reform
Jane Street in talks to shift its $11bn in debt to investors including Pimco
Private credit deal would allow the secretive trading firm to make further investments in AI
Honeywell Aerospace shares plunge on failure to overcome supply snarls
Group slashes outlook as bottlenecks limit ability to convert strong demand for advanced parts into sales
The Economics Show: China wanted western tech. Now, the tables have turned.
Today, we're bringing you an episode from another podcast in the FT stable: The Econ…
Argentine company accuses US of meddling in Huawei project
Incident underscores duelling pressures on rightwing president Javier Milei from Washington and Beijing
Uefa doubles down on World Cup boycott in effort to oust Infantino
Europe’s football governing body reiterates threat despite Fifa ditching plan to sell stake to external investors