Lawrence Summers to step back from public roles over ties to Epstein
Former US Treasury secretary sought paedophile’s advice over relationship he was pursuing
Mukesh Ambani’s Reliance battles mom-and-pop stores for India’s shoppers
Country’s most valuable company revives retail ambitions with investments in quick commerce
China deepens pressure on Japan with travel bans and cancelled events
Beijing furious at suggestion Tokyo might intervene militarily if it attacks Taiwan
India persists in buying Russian oil despite Trump threats
Also in this newsletter: digital privacy law is finally here, and Pranav Haridasan’s mantra
Letter: What Brazil’s hosting of COP30 says about its green credentials
From Antonio de Aguiar Patriota, Ambassador of Brazil to the UK, London W2, UK
Letter: UK parents fear changes in Cycle to Work scheme
From Claire McDonald & Nicola Pastore, Co-founders, Solve The School Run, London WC2, UK
Letter: Brexit rerun — the solution that stares PM in the face
From Matt Heligman, London TW17, UK
Letter: Lula’s climate leadership sits on oil production tightrope
From Carmela Chaney, Oil & gas solutions expert, Climate Intelligence Programme, RMI (Rocky Mountain Institute), Denver, CO, US
Trump bets there’s ‘nothing to hide’ in pivot on Epstein files
Vote that aims to force Department of Justice to hand over documents on late sex offender expected to pass lower chamber
Trump set to agree deals during Saudi crown prince’s visit
US president signals support for sale of F-35s fighter jets on eve of Mohammed bin Salman’s arrival in Washington
Calpers adopts new approach to assess risk and returns
The $556bn US public pension fund will increase equity allocation under overhauled framework to improve returns
Correction: Childlike sex dolls on Shein and AliExpress
French authorities found listings for childlike sex dolls on Shein and AliExpress, but not on Temu and Wish, as incorrectly stated in an article on November 6
Stuff happens in market
Clean-up in aisle doge
Fantasy home: Lessons from Good Will Hunting for a Gen Z renter
The bare, borrowed rooms of Will’s apartment are visual shorthand for living temporarily — emotionally and materially
HSBC board at odds over candidates to succeed Mark Tucker as chair
Bank’s leadership differs on who has necessary finance experience and Asia knowledge
UK raises bank deposit guarantee to £120,000 to keep pace with inflation
Financial services groups will have to make a higher contribution to compensation scheme for customers of failed companies
Labour channels Reform with radical new asylum policy
‘If we become more like Reform, no one will want Reform’
FT Crossword: Number 18,216
UK to ban resale of tickets above face value for live events
Aggressive crackdown on touts comes after backlash over cost of watching live music and sport
UK pledges to step up child deportations as part of asylum reforms
Home Office says hesitancy around deporting families creates ‘perverse incentives’ to put children on small boats
UN Security Council approves US-backed proposal for Gaza
Resolution is first step in complex, multiphase plan for the enclave
Reform UK targets EU citizens and overseas aid as it seeks to save £25bn
Populist party claims chancellor Rachel Reeves can avoid tax rises at the Budget
Badenoch to accuse Labour of raising taxes to fund bloated welfare bill
Tories seek to draw up battle lines over the Budget as Reeves prepares to lift the two child benefit cap
FirstFT: Bangladesh sentences former leader Sheikh Hasina to death
Also in today’s newsletter, Japan’s economy shrinks, and India agrees first big LPG purchases from US