Markets surf the blue wave
Clarity is good
FTAV’s further reading
The afterlife of pi; cybersecurity hell; bank supervision; bagel queen; dragon sex
Toyota returns to profit growth on strong US demand for hybrids
Shares soar 15% as world’s largest carmaker raises annual outlook despite sales dip
Hong Kong sentences democracy activist Joshua Wong to 10 years
Second security law penalty pushes expected release date to 2036
France urges EU to adopt higher fast fashion levy
Also in this newsletter: Belgium pushes ahead with vote on controversial migration powers
European rates go electric!
Only 60+ years after Bob Dylan, mind
FirstFT: Democrats look to reshape America
Also in today’s newsletter: Russia-Iran ties and UK inflation
Transcript: How will the Democrats’ sweep shape policy and markets?
Marc Filippino speaks to James Politi, Katie Martin and Gideon Rachman
Asian tech stocks slide on post-midterm AI fears
Concerns mount that Democratic control of Congress will slow data centre build-out
Wall Street after the anti-Trump tsunami
Here’s what the US midterm elections mean for the AI supply chain and dealmaking
Democrats look to reshape America after historic midterm victories
Party promises dramatic change in the wake of its ‘blue wave’
Microsoft rejects multibillion-dollar AI deal with UK’s Nscale
Fresh blow ahead of start-up’s IPO as tech giant turns down option to more than double Texas data centre contract
Thieves revealed how feeble my digital defences were
What remains of my hair stood on end when I remembered I had kept a full list of online passwords in the missing bag
UBS slashes spending on consultants as Credit Suisse project winds down
Swiss bank cuts external advisers’ bill by more than $800mn and axes 5,500 jobs as integration nears completion
Russia deepened Iran support with missile launcher deal
Moscow increased military aid for Tehran despite strains from Ukraine war
A&O Shearman invests $1.1bn in AI
The ‘magic circle’ firm has told lawyers each practice area must commit at least 3% of billable time to creating AI tools
The city vilified by France’s far right
Trappes has long been a battleground over French identity. Then came the shooting spree
UK public spending on ‘preventative’ measures to be ringfenced in overhaul
Healey says next year’s spending review will mark shift by protecting investment that stops problems escalating
UK inflation to peak at 4.4% in 2027, according to FT survey of economists
Energy bills set to jump by nearly £470 in January to about £2,200 a year for a typical household
Morning in America, twilight in the markets
Astonishing midterm election results will not repeal the turn of business and financial cycles
UK’s oldest Indian restaurant says landlord is disregarding its ‘heritage’
Veeraswamy faces closure on London’s Regent Street as The Crown Estate seeks to refurbish site
Paris’s new wave of fire-cooking restaurants
The red-hot trend for open-flame cuisine reflects the growing cosmopolitanism of the French capital’s food scene
To the French Riviera — with Monet and Matisse
Inspired by the Royal Academy’s blockbuster exhibition, a new tour explores the Côte d’Azur through artists’ eyes
Lessons in Harmony by Jonathan Coe — notes between nations
A witty historical novel turns the real-life relationship between Ralph Vaughan Williams and Maurice Ravel into a meditation on art, nationhood and love