UK approves development of Jackdaw gasfield in North Sea

Ministers give go-ahead to the project about 150 miles east of Aberdeen

UK government borrowing rises to £24.5bn ahead of Budget

Higher-than-expected figures for September are final snapshot of the public finances before Budget on October 28

The Indian mega-refinery drawing Rubio’s interest

Trump’s top diplomat visits Mukesh Ambani as White House battles high fuel prices ahead of midterms

UK inflation rose more than expected to 3.5% in September

Figure will strengthen expectations of Bank of England rate rise in November

Nscale boss seeks to reassure staff amid AI market jitters

Founder Josh Payne says demand remains ‘insatiable’ for the services of Nvidia-backed data centre group

Oh OK, we’ll write something about the new Truss book

Lettuce first applaud her productivity

Small caps: not a great AI hedge

Plus, fewer Fed meetings

Foreign diplomats queue for handshake with EU leaders

Also in this newsletter: Canada pushes for more co-operation on AI

World headed for warming of 2.8C, UN reports, and US emissions rise

Global energy-related greenhouse gases remain at record levels

FTAV’s further reading

Meetings; neoclouds; Amazon; Huang; vibecoding firmware; Basel weights; and SimCity

FirstFT: SpaceX and Tesla explore merger

Also in today’s newsletter: Iran war and UK visas for wealthy

Transcript: The French Revolution’s disastrous money experiment — Part 2

Robin Wigglesworth speaks to Rebecca Spang

Sports Exchange

This series features insights from some of the most influential figures in sports ownership and leadership. In this instalment: Arctos founders Ian Charles and David O’Connor on soaring valuations, AI, fan experience and the changing economics of owning sports teams

The Story of Money with Gillian Tett and Robin Wigglesworth

They say money makes the world go round, but was it always this way? Join Gillian Tett and Robin Wigglesworth on The Story of Money as they revisit the pivotal moments when money shaped history.

Who’s merging with Weil?

Everyone in Big Law would like to know

Transcript: Israel pushes to restart strikes against Iran

Marc Filippino talks to Amy Mackinnon, Neri Zilber and Ian Smith

Milan riots test Meloni’s law and order credentials

Italian PM dispatches 500 soldiers to financial capital after youth turn violent and loot stores

UK’s top banking regulator to set targets with five-year strategy

Katharine Braddick will outline plans to make the BoE’s Prudential Regulation Authority more accountable and transparent

Netflix’s $300bn problem: lack of hits piles pressure on streaming giant

Co-chief Ted Sarandos faces questions over content strategy as slowing viewer engagement threatens growth

Climate plans found to lower companies’ borrowing costs

ITPN research finds debt interest rates for companies that publish full climate transition plans are 0.8 percentage points less than for those that do not

Andy Burnham cools on new towns project

UK prime minister wants mayors to take responsibility for major housebuilding projects as part of his devolution push

Stratford moves closer to international rail upgrade with Budget boost

London mayor Sadiq Khan has been in talks over funding options for improving rail hub

A chance discovery offers hope for coral reefs

Bleached coral can start to recover if it simply rests against a genetically identical healthy neighbour

The people shaping the Budget

Healey’s statement will be moulded by a very small team of advisers working in conditions of tight secrecy