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Top Headlines from the UK Edition
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Tesla profits drop more than a quarter despite record car sales
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| Elon Musk’s carmaker hit by US tariffs, loss of emissions credit revenue and big investments in AI |
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US puts sanctions on Russia’s Rosneft and Lukoil
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| Measures mark Donald Trump’s first effort to impose direct cost on Moscow over invasion of Ukraine |
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Citi board names Jane Fraser as chair and awards her $25mn bonus
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| Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul |
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Lawyers and accountants warn Reeves against tax raid on partnerships
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| Chancellor’s move would damage cornerstone of UK economy, partners argue |
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Bubble-talk is breaking out everywhere
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| But more optimistic investors continue to bank on the cavalry arriving if things get really dicey |
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Top Headlines from the International Editions
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Singapore’s prime minister warns of ‘messy’ transition to post-American order
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| Lawrence Wong says no other country can fill vacuum left by US |
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Andreessen Horowitz lines up $10bn for next wave of tech bets
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| Silicon Valley group seeks $6bn for growth fund, $3bn for AI deals and $1bn to back US defence tech start-ups |
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US widens campaign against alleged drug traffickers to the Pacific
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| Defence secretary says latest strike on a boat kills two ‘narco-terrorists’ |
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Investors bet on Argentine peso devaluation after weekend elections
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| Forward contracts indicate a 12% decline for currency despite $40bn US support package |
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Politics not tech makes the world go round
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| The future, like the recent past, will be shaped in the public realm |
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UK regulator rejects calls to slash bank capital rules on sovereign debt
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| Sam Woods says change lobbied for by industry would ‘be equivalent to ripping off our jacket, warm hat and gloves’ |
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UK borrowing costs fall in boost for Rachel Reeves
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| Softer than expected September inflation reading could weigh on OBR forecasts as chancellor prepares for ‘tough’ Budget |
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Farage: Reform UK’s crypto support is ‘a trade that works for both of us’
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| Populist party leader tries to emulate Donald Trump’s success in attracting backing from digital asset investors |
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Tariffs are a weaker weapon than Trump thinks
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| Access to the US market is not the significant point of leverage the president believes it to be |
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UK watchdog sues crypto exchange linked to billionaire Trump backer
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| HTX, advised by Justin Sun, is accused by the FCA of unlawful promotion of cryptoassets |
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Blair think-tank urges Labour government to review UK’s 2030 clean power pledge
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| Policy comes under increasing pressure as former premier’s institute warns of costs of tying energy plans to a ‘rigid’ date |
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Elon Musk really deserves that $1tn bonus package
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| The billionaire must reach multiple challenging operational targets, so it is by no means money for nothing |
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Reddit sues AI search engine Perplexity for scraping its data
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| Social media group claims the start-up harvested user conversations to train its artificial intelligence models |
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OpenAI prioritised user engagement over suicide prevention, lawsuit claims
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| Family of teen who took his own life after ChatGPT use alleges chatbot maker intentionally weakened protections |
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Trump’s victory for fossil fuels in shipping
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| US pressure has derailed a landmark deal to curb maritime carbon emissions |
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PepsiCo shouldn’t bottle its restructuring
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