The Glam

France will not agree budget by year-end, says prime minister

Government will have to roll over 2025 budget into next year after parliamentary talks collapse

Hot on the acquisition trail, some companies are taking a leaf out of their own playbooks

FCA probes potential transparency breaches as retailer seeks to claw back bonuses from former executives

Foreign Office was hacked in October, ministers have revealed

John Arnold parlayed windfall from natural gas bets into a foundation that is challenging medicine approvals

Central bank dashes hopes of strong recovery from debt-funded spending spree

Take part in a live Q&A with three star FT food writers today at 11am GMT

Nigel Farage and Zack Polanski have both had good years thanks to disastrous strategy from the two main parties

Writer, director, actor, dreamboat. As he steps up to play Mozart, the 39-year-old talks about his own wildly prodigious career

Yields on 10-year government bonds hit highest level since 1990s after central bank’s fourth rate increase

Some rate-setters believe inflation is already at target, while the decision underscores more tightening is ahead

France sided with Belgium, Italy and smaller states in backing joint debt for Ukraine instead

Volumes edged down 0.1% in November, reflecting subdued mood among consumers

Move comes after Italian prime minister pleads for more time from Brazilian president

Plus, Trump in Venezuela

Blackstone’s holiday video; information asymmetry; BoE Xmas quiz; Hyperion; AI and systemic risk; the lost generation; Trump crypto

Sonja Hutson and Ian Hodgson talk to Brady Carvajal, Polina Dorman and others

Also in this newsletter: Why Brussels’ U-turn on combustion engines won’t halt EVs

FTAV goes hedge fund headhunting through the ages

Japanese entertainment group raises stake in beloved US cartoon as it seeks to build out global franchises

Also in today’s newsletter: TikTok’s new US joint venture and Britain names US envoy

Marc Filippino talks to Claer Barrett

Plus, the newest merger shaking up Big Law and private equity giants make billions on Medline’s IPO

A stalled economic conveyor belt is behind the rise of anti-system, anti-growth parties on both the right and left