Trump’s pick in Honduras election loses lead as chaotic count continues
Vote tallying in poll overshadowed by US president’s pardoning of ex-leader of Central American country
Anthropic taps IPO lawyers as it races OpenAI to go public
AI start-up picks law firm Wilson Sonsini for what could be one of the largest public offerings ever
Russia says talks with US on Ukraine ‘useful’ but no deal reached
Vladimir Putin holds meeting with Donald Trump’s envoy Steve Witkoff in Moscow
China spy case report criticises UK government and prosecutors as ‘shambolic’
‘Systemic failures’ contributed to collapse of case against Christopher Cash and Christopher Berry, security committee finds
UK government set to scrap some jury trials
‘A jury would have found you guilty’
FT Crossword: Number 18,229
American Eagle lifts outlook as Sydney Sweeney campaign boosts sales
Retailer had ‘record-breaking’ Thanksgiving and continues to benefit from marketing that has prompted political debate
Pete Hegseth invokes ‘fog of war’ as backlash grows over strikes on boats
US defence secretary defends legality of US attacks on alleged drug smugglers in Caribbean
Transcript: Bonds vs budgets
Katie Martin speaks to Ian Smith
EQT and Omers outline plan to refinance German broadband company
Co-owners of Deutsche Glasfaser want lenders to inject €600mn
FirstFT: India orders government-developed app to be installed on all smartphones
Also in today’s newsletter: Demand for Japanese bonds reassures jittery markets, and OpenAI declares ‘code red’ over ChatGPT
Trump sons’ bitcoin venture sheds almost 40% of its value in crypto turmoil
Company’s shares plummet as investors cash out at end of lock-up period
Farage tells donors he expects Reform UK will do an election deal with Tories
Rightwing populist party could pursue a merger or pact with the Conservatives
Taiwan’s AI boom leaves traditional manufacturers trailing
Diverging fortunes of technology and other sectors spark concern despite rapid growth in GDP
Bonds vs budgets
What can the world learn from the UK Budget?
Michael and Susan Dell pledge $6.25bn to help fund ‘Trump Accounts’ for children
Contribution to new child investment accounts marks latest effort by US billionaires to support president’s programmes
Trump says he will nominate Fed chair in ‘early’ 2026
President touts frontrunner Kevin Hassett as ‘potential’ new head of the US central bank
How will David Lammy’s overhaul of jury trials work?
Justice secretary says reforms are needed to reduce backlog of almost 80,000 cases waiting to be heard in crown court
Jaguar Land Rover parts ways with longtime design boss
Exit of Gerry McGovern comes just two weeks after arrival of new JLR chief executive
Essex university to cut 400 jobs as overseas student numbers plummet
Roles to be lost are part of wave of redundancy programmes across UK’s higher education sector
Qatar to cut Sainsbury’s stake as long stint as top shareholder ends
Company’s largest investor plans to offload a near 4% stake in FTSE 100 retailer in latest share sale
Britain must improve how it uses its fiscal watchdog
Weak buffers and poor support undermine the Office for Budget Responsibility
Putin accuses Europeans of sabotaging Ukraine peace push
Russian president hosts Witkoff and Kushner for negotiations as military claims battlefield advances in Donetsk
Andrew Bailey helps out UK banks — and maybe European ones too
The further Britain goes, the more pressure European regulators will come under to follow suit