Ryanair warns of higher fares as it cuts winter flights
Europe’s largest carrier sees short-haul airfares increasing ‘materially’ next year if oil prices remain high
King and Macron view Bayeux Tapestry in British Museum
‘He tends to get overlooked in tapestries’
Letter: Battle of the food delivery apps will not be won in the kitchen
From Peter Backman, Founder, The Delivery World, London N3, UK
Letter: Try the Tokyo Metro method of reading the FT
From Cynthia Miyashita, Gatika, Biscay, Spain
Letter: A call for sanctions on Israel
From Mark Moody-Stuart, Hassocks, West Sussex, UK
Letter: Data centres can be part of a decarbonisation solution
From Mark Lee, CEO, Deep Green, London EC1, UK
Elliott builds stake in Deutsche Telekom and opposes T-Mobile US merger
Activist hedge fund wants German telecoms company to focus on ways to boost shareholder value, such as stock buybacks
FT Crossword: Number 18,470
Steve Ballmer banned by NBA over improper payment to basketball star
LA Clippers team funnelled millions of dollars to star Kawhi Leonard to circumvent league salary cap, league investigation finds
FirstFT: Xi Jinping visits Egypt in rare foreign travel tour
Also in today’s newsletter: JPMorgan curbed lending to Jane Street and Uber plans sweeping lay-offs
Struggling Republicans urge Trump to open Maga Inc’s $400mn war chest
US president’s Super Pac has yet to deploy significant money in midterms race despite polls pointing to his party’s defeat in November
Visualising the Premier League’s incestuous spending in one rubbish chart
Chelsea change
Chevron to double Venezuela oil production with $7bn pledge
US major commits to expanding its joint ventures as White House pushes for huge increase in production in the country
Pentagon chaos deepens after Driscoll quits in clash with Hegseth
Army secretary’s exit leaves ‘serious leadership gaps’ as US military grapples with protracted Iran conflict
JPMorgan curbed lending to Jane Street as trading firm muscled into bonds
Wall Street bank’s move last year came after trading specialist began making markets in US Treasuries
Businessman acquitted in Maltese journalist’s murder trial
Daphne Caruana Galizia was killed by a car bomb in 2017
Burnham and Macron meet as Bayeux Tapestry unveiled
UK and French leaders join King Charles at the British Museum to view the 70-metre embroidered linen cloth
Burnham seeks to protect UK farming and steel in EU reset talks
New British prime minister will hold first big bilateral meeting with French President Emmanuel Macron on Thursday
Google spared break-up of online advertising monopoly
Judge rejects US Department of Justice’s request to force the sale of parts of the search giant’s ads business
Zelenskyy rebukes spy agencies after Kyiv shootout
Incident in sleepy district involved espionage agency and military unit
Students and opposition activists targeted with spyware in Serbia
Twelve of those targeted received notifications from Apple that their iPhones were compromised
Trump administration backs OpenAI in New York Times copyright battle
US urges court to reject newspaper’s claim that it is illegal to train AI models on copyrighted content
Badenoch sharpens her attack on Burnham by calling him the ‘people pleaser’
Tory leader persists with her pugilistic strategy in the House of Commons after shaking up her top team
Time is running out for the leap second
Losing it would sever contemporary clocks from their ancient astronomical roots