The Glam

Global stocks slide after sharp reversal on Wall Street

Nasdaq and S&P 500 sink on Thursday as investor fears reignite over AI valuations

A national message about ‘asset building’ — and investing’s upside — has helped drive behaviour

Proposal offering major concessions to Moscow blindsided European diplomats

How an arcane military anomaly stayed relevant

Magnums, Martini towers – and masses of ice

At home with the master of country-house style – and his 55 pianos

The food writer hosts a seasonal spread with pata negra, pasta cake and persimmon

ECB chief accuses policymakers of six years of inaction as export-dependent model becomes defunct

Last big data releases before Reeves’ tax rises next week underscore fragile state of economy

Ofgem nudges up price cap after Labour election pledge to bring down household bills

Reactor at Niigata to reopen more than a decade after Fukushima disaster as country returns to atomic energy

Japanese government’s fiscal stimulus plans complicate December decision

Nasdaq surrenders gains of more than 2% in most volatile session since April’s market ructions

António Guterres notes talks could fail as a result of negotiating tactics

Katie Martin and Robert Armstrong try to figure out if the chipmaker’s numbers are soothing or scary

India’s oil purchases from Russia are chokepoint between Washington and New Delhi

The reputation of one of America’s leading economists is in tatters since the emergence of emails to Jeffrey Epstein

Martin Sandbu speaks to Branko Milanovic

Plus, the (late) jobs report

Also in this newsletter: EU strikes a metal and minerals deal with South Africa

3I/ATLAS; Grok loves Musk; the realities of being a pop star; AI NEST; interactive world history atlas; MrBeast’s theme park

Also in today’s newsletter, Trump’s Davos attendance and Clifford Chance job cuts

Marc Filippino talks to Katie Martin, Chris Miller and Victoria Craig

Plus, Patrick Drahi’s deal dance with French trio and the musical chairs inside Abu Dhabi’s deal machine