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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI co-founder Sam Altman has left the company abruptly after losing the confidence of the board, according to a statement on Friday from the Microsoft-backed artificial intelligence pioneer. “Mr Altman’s departure follows a deliberative review

Iran’s top diplomat has revealed that Tehran told the US through back channels that it did not want the Israel-Hamas war to spread further, but also warned Washington that regional conflict could be unavoidable if Israeli attacks on Gaza continue. “Over the past 40 days, messages have been exchanged between Iran and the US, via

Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. US President Joe Biden and his Chinese counterpart Xi Jinping have reached an agreement to resume communications between their countries’ militaries at a summit in San Francisco designed to stabilise relations after several years of

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation slowed sharply to an annual rate of 4.6 per cent in October, driven by a fall in the energy price cap, meaning prime minister Rishi Sunak has met his pledge to halve inflation by year

Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. The US-led price cap on Russia’s oil sales is being almost completely circumvented, according to western officials and Russian export data, forcing countries to explore ways to reinforce one of their key economic

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has sacked Suella Braverman, the controversial home secretary, after she defied the prime minister’s authority last week, as the he launched a major reshuffle of his top team. In further developments on Monday

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu said on Saturday that he opposed the return of the Palestinian Authority to Gaza, underscoring the growing divergence between his government and the US over what the enclave’s postwar governance should be. US

Business taxes are set to fall in this month’s Autumn Statement as UK ministers signalled that they want to incentivise companies to pull Britain out of its growth stupor. As new data showed the economy flatlining, chancellor Jeremy Hunt and his deputy John Glen made clear their desire to cut business taxes, including by extending

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy stagnated in the three months to September according to official figures that highlight the challenge facing chancellor Jeremy Hunt as he seeks to revive growth in his upcoming Autumn Statement. Gross domestic

Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The UK’s tax authority has warned that it faces additional costs this year as 1.2mn extra people are pulled into the tax net because of higher earnings and savings rates. Jim Harra, chief executive of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Voters are heading to the polls in several states across the US on Tuesday, in off-year elections that will be seen as an indicator of which way the political winds are blowing for President Joe

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has unveiled its first quarterly loss in nearly six years as it bears the costs of the takeover of its former rival Credit Suisse. The $785mn net loss was bigger than the $444mn expected

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New legislation to mandate annual North Sea oil and gas licensing rounds will be at the heart of the King’s Speech on Tuesday, as Rishi Sunak looks to exploit a key policy divide with Labour

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin, the founder and chief executive of $62bn US hedge fund Citadel, has warned regulators that they should focus their attention on banks rather than his industry if they want to reduce risks in

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jobs growth in the US slowed sharply in October, according to a fresh labour market report that is likely to shape interest rate expectations for the world’s biggest economy. US employers added 150,000 new roles

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict that is likely to condemn the former crypto tycoon to decades in prison and

Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The Federal Reserve held interest rates at a 22-year high on Wednesday but kept open the possibility of additional monetary tightening amid mounting evidence the US economy remains strong. The meeting is the second

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s stores of natural gas are nearing full capacity, leading the bloc’s energy companies to park excess reserves in Ukraine ahead of the peak demand of the winter months. According to figures from Gas

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has restricted western companies selling their Russian assets from withdrawing the proceeds in dollars and euros, imposing additional de facto currency controls in an effort to shore up the weakening rouble. Western companies exiting

Israel has pressed on with its ground offensive in Gaza for a second night as prime minister Benjamin Netanyahu said the country had launched a new phase of its “long and hard” war to destroy Hamas. Daniel Hagari, IDF spokesman, said on Sunday that Israel had sent more troops into Gaza overnight and combat operations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said its Gaza offensive was “advancing” after fighting through the night in a significantly expanded ground operation under the cover of an intense aerial bombardment that has knocked out most communications in the enclave.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military said on Friday night that its ground forces were ramping up their operations in the Gaza Strip, as its air force launched an intense bombardment that knocked out the enclave’s telecommunications systems. Israel’s

Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. The US military struck two facilities in eastern Syria that it identified as linked to Iranian-backed militias, defence secretary Lloyd Austin said, following more than a dozen attacks on American forces in

Benjamin Netanyahu said Israel was “preparing a ground invasion” of the Gaza Strip, in one of the clearest statements yet that his government is planning to enter the Palestinian enclave in its war to topple Hamas. In an address to the nation on Wednesday evening the Israeli leader vowed to fight the militant group “above

The US is using Israel’s delay in launching a ground offensive in Gaza to rush defensive systems into the region amid growing fears that Iran and its proxies will escalate attacks on US forces and allied interests once the invasion begins, according to officials. The move to stiffen its security in the region and build

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has freed two more of the dozens of hostages its militants captured during their assault on Israel earlier this month, amid ongoing diplomatic efforts to contain the soaring tensions in the Middle East. The

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US said it was sending more advanced weapons systems to the Middle East and the Israeli military warned Lebanon to rein in the militant group Hizbollah, reflecting growing concerns that Israel’s war against Hamas

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A small convoy of international aid entered Gaza on Saturday morning, hours after two American hostages were released by Hamas after mediation from Qatar. Some 20 trucks carrying medicines and canned food entered the southern

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has released two US hostages captured during its devastating assault on Israel almost two weeks ago, amid intense diplomatic efforts to ease tensions in the Middle Eastern conflict and deliver humanitarian aid to suffering

Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Joe Biden urged Congress on Thursday to approve a security package for Israel and Ukraine worth tens of billions of dollars, saying America needed to overcome its domestic divisions to protect two vital allies