FirstFT: Nvidia posts strong results despite China uncertainty
Also in today’s newsletter, scandal at Australian bank ANZ and the booming business of Trump’s deportation flights
International - Financial Times - Credit Squeeze
China won the rare earths race. Can it stay on top?
Western efforts to create a rival supply chain and break Beijing’s dominance will come up against challenges of cost and scale
UK long-term borrowing costs near highest level since 1998
Gilts hit hard by global rise in bond yields as ‘stagflationary’ concerns add to pressure on economy
Trump’s attack on the Fed threatens US credibility
History teaches us that chaos follows when leaders undermine the independence of central banks
The next stage of the Fed takeover
This is how the cookie could crumble
FirstFT: US hits India with 50% tariffs
Also in today’s newsletter, a US offer for postwar Ukraine and OpenAI-Microsoft talks likely to extend into next year
US tariffs on India hit 50% as Trump-Modi ties sour
Additional levies over Russian oil purchases raise rates on New Delhi to among the highest in the world
EU moves to shield aluminium from Trump tariff blow
Recycling plants in the bloc are shutting down capacity as US producers can pay more for European scrap metal
AI investors are navigating ‘peak ambiguity’, says General Catalyst chief
Head of venture capital firm talks about trusting founders’ intuition during a bubble, and the threat of mass job losses
Trump’s reckless attacks on the Fed
The president’s intensifying assault on central bank independence risks backfiring
EU stands its ground on digital rules despite Trump warning
US president threatens retaliatory tariffs on countries that ‘discriminate’ against American tech groups
The Fed’s future hangs in balance after Trump’s assault
The central bank does not work properly if a president can bend it to his will
Powell is pivoting into an inflation problem
Immigration policy might turn out to be a bigger source of upward price pressure than tariffs on US economy
FirstFT: Donald Trump says Fed governor Lisa Cook is fired
Also in today’s newsletter, Musk sues Apple and OpenAI and new FT project launched featuring Bethlehem, Pennsylvania
India holds firm as Trump’s punitive tariffs loom
New Delhi makes overtures to Moscow amid stalemate with Washington over Russian oil purchases
French and Korean nuclear groups in stand-off over foreign subsidy probe
Also in this newsletter: German minister travels to Israel and Palestine after deadly air strike
Temu resumes direct shipping from China to US after Trump truce
Low-cost ecommerce platform steps up American advertising after tentative trade deals to reduce tariffs on Chinese goods
Polish ecommerce chief urges EU to act on Chinese dumping threat
Stricter tax and safety regulations needed to protect European market, says Allegro CEO
Trump threatens retaliation over digital taxes aimed at US tech
President claims other countries’ digital levies hurt American companies while ignoring China
UK unemployment rate set to hit 5%, think-tank predicts
Resolution Foundation’s analysis highlights a rapid weakening of the jobs market
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