Technical demands are prompting big companies to take design back in-house while others are pursuing environmental aims
The scale of public investment required sits uneasily with the current fiscal rules but there is an escape route
Figure comes as chancellor Rachel Reeves prepares Labour government’s first Budget this month
And valuing the weight-loss drug manufacturers
Also in today’s newsletter, atomic bomb survivor charity wins Nobel Prize and Obama says ‘not acceptable’ for Black men to support Trump
Figures for headline and core rates marginally surpass expectations
Investigation into cheap wood exports follows producers’ claim the products originated in Russia
Gloomy economic data concerned Philip Lane and other policymakers, minutes of September meeting reveal
Should Europe’s largest economy embrace the future or double down on past successes?
Also in today’s newsletter, HSBC’s cost-cutting plans and the FT investigates Russia’s ‘shadow’ oil fleet
Pain and SOFRing
There must be meaningful reform to a system that hurts the most indebted countries
One-off supply-demand mismatches during the Covid shock don’t justify widespread government intervention
Minutes from meeting showed some dispute about how quickly to reduce borrowing costs
High costs are a threat to Kamala Harris’s hopes of winning Michigan, a crucial election battleground
US plane maker’s withdrawal of pay offer threatens to compound industry problems
Finance minister Nirmala Sitharaman says tariffs to be imposed in 2026 will impede energy transition
Yannis Stournaras backs two more ECB quarter-point rate cuts this year
Bond traders brace for inflation data on Thursday after jobs figures smashed expectations
The swings between Democratic and Republican presidents weren’t so wild in America’s heyday
Also in today’s newsletter, Hurricane Milton latest and Israeli troops and Hizbollah fighters clash
Expectations of fiscal stimulus stoked a market rally that fizzled out this week
Plus bad food stocks, and more on the jobs report
Investor disappointment with lack of detailed plans limits gains in CSI 300 and triggers sharp sell-off in Hong Kong
Crude gives up part of recent gains as run of big market swings continues
