The Glam

Big US banks add $600bn in value as deregulation spurs gains

Moves to allow higher leverage and overhaul stress tests have driven increase in market capitalisation

Chief of ground forces of internationally recognised military also among the dead

Ukraine’s offer comes as Putin insists his hardline demands must form the basis for any peace talks

France hits out at visa sanctions as Washington targets what it calls the ‘global censorship-industrial complex’

Investment in Lobito Corridor comes as bloc channels development assistance towards energy, metals and migration

Idleness breeds creativity if only we can ignore shallow technology distractions

Young protesters around the world have rallied under the image in their fight for political change

The annual folk tradition has been staged in the UK and Ireland for over two centuries

Also in today’s newsletter: Big tech turns to special purpose vehicles to fund data centres and US economic growth exceeds expectations

Surge in bullion prices turns precious metals trading and vaulting into one of finance’s most profitable businesses

For business, following the whims of politicians isn’t always easy, but it does create opportunities

Trump administration holds off increasing tariffs until 2027

UK oil and gas major steps up asset sales under new chair Albert Manifold

Family-run Watts & Co serves places of worship, UK state occasions such as coronations and even Hollywood studios

Authorities seek to rein in craze for US equities that has weakened won’s value against dollar

Consortium led by Karachi-based securities brokerage is buying majority stake in airline

Read the central bank’s December forecast from the FT’s Monetary Policy Radar team

Member states’ spending on US oil and gas fell 7 per cent over the past four months

Vegan confectioner is doubling down in a tough food market after acquisition of Graze from Unilever

Churches and community groups in Northallerton provide food, clothing and company for refugee families

Rising numbers mask a broadening of taste, away from the fine art beloved by previous generations

Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust

Exit comes after oil major said in July that lead partner had exceeded period allowed under rotation rules

Palestinian city to host public festivities after years of disruption, but tourists have yet to return