CME’s Middle East trading volumes jump as hedge funds rush to Dubai and Abu Dhabi
Davidson Kempner on Tuesday became the latest firm to set up an office in the UAE’s oil rich capital
China’s consumer prices fall as deflation fears loom
Weak data highlight challenge for policymakers as trade tensions reignite
India bets on Diwali tax cuts to light up consumer spending
PM Narendra Modi hopes festive ‘gift’ of GST overhaul will offset drag of trade tensions and weaker sentiment
Trump says US support for Argentina is ‘gone’ if Milei suffers election losses
US president suggests $20bn swap line is contingent on libertarian’s victory in midterm elections
Oil tumbles to five-month low on report of ‘large surplus’
Brent crude falls as much as 3% on IEA report of recent build-up in shipments, before easing in Asia trading
US revokes visas of individuals who ‘celebrated’ Charlie Kirk’s death
State department announces six revocations and suggests more could follow
Scientists warn first climate tipping points have been breached
UK employers cut graduate hiring for second consecutive year, survey finds
Institute of Student Employers cites cost pressures and worries over economic outlook
FT Crossword: Number 18,187
FirstFT: Scott Bessent accuses China of trying to hurt world’s economy
Also in today’s newsletter, criminal case opened against prominent Kremlin critics and Jay Powell signals support for rate cut
Hamas releases the bodies of 4 hostages to Israel
Palestinian militant group’s move comes after Israeli authorities said they would impose limits on aid into Gaza
Glass Lewis to end benchmark voting recommendations on proxy issues
Advisory firm will instead begin offering multiple perspectives after criticism over diversity and environmental criteria
Telecoms operators make €17bn offer for most of Drahi’s Altice France
Orange, Bouygues and Free propose carving up assets that are led by SFR
UK risks higher inflation becoming entrenched, IMF warns
Bank of England should not lower interest rates before price pressure shows signs of easing, says chief economist
Rachel Reeves revives plans to overhaul cash Isas
Chancellor weighs up halving annual tax-free savings allowance to encourage wider investment in UK stock market
UK Budget blues
How will the UK balance spending and taxes?
German coalition partners reject compromise over military service plan
Objections from Social Democrats jeopardise efforts to boost country’s armed forces
UK records rare burst of productivity growth, think-tank says
Resolution Foundation estimates output per hour worked rose 1.6% over past year
Europe needs a better chip strategy
The Dutch seizure of Nexperia shows how ensnared the EU is in the US-China tech war
Powell signals support for more rate cuts as US job market cools
Federal Reserve chair says inflation expectations are close to central bank’s 2% goal
Russia accuses Mikhail Khodorkovsky of plotting coup
Moscow’s intelligence service launches fresh criminal case against former Yukos oil magnate and 22 other dissidents in exile
Commodities trading houses braced for ‘smaller rewards’
Vitol, Gunvor and Trafigura experience difficult year after reduced volatility in energy prices hits returns
Wall Street banks get their party hats on
With further rate cuts likely amid a light-touch regulatory environment, the good times are set to continue
French PM to freeze Macron’s pension reform until 2027
Sébastien Lecornu hopes concession will suffice to secure left’s support