Chinese retail giant JD.com cleared to buy Germany’s Ceconomy
Brussels approves €2.2bn deal for MediaMarkt owner despite finding JD.com benefited from state subsidies
Oil price edges back above $106 after sharp declines
Crude prices stabilise on Tuesday as traders await developments in the Middle East
In the shadow of war, Silicon Valley sprinkles stardust
While the US energy sector stayed away from the Adipec conference in Abu Dhabi, the tech sector worked its magic
Remember Me — an ebullient photography extravaganza at Paris’s Bourse de Commerce
The Pinault Collection’s sprawling show tracing the history of the medium is enjoyable, elegantly constructed and full of classics
What 21 months of Trump have done to America
From ‘liberation day’ and bond market turmoil to Maduro’s capture, the goading of Zelenskyy and war in Iran, it has been a head-spinning period in US politics
Our current AI moment has darker historical echoes
If you are looking for past instances of transformative capitalist mobilisation, you need to consider the age of empire
Marshall Wace hit as hedge funds suffer in October’s AI rout
Wall Street’s tech correction and bond market turbulence spark losses for sector
Apollo lends record $114bn as it piles into AI financing boom
US private capital group provides funding for Anthropic and chipmaker Nvidia in third quarter
Asda appoints ex-Morrisons boss as new CEO
Leeds-based supermarket has struggled with falling sales, mounting losses and market share decline
Are you dangling? The rise of the belt charm
It’s all about the waist this winter
Grandma’s goulash – and other joys of the Polish kitchen
Wojtek van Portek’s new book is an ode to his heritage
Memo to AI: lessons from the rise and fall of secretarial skills
The typewriter and shorthand created new efficiencies but show how tech can constrain as well as liberate
What Weil Gotshal teaches us about how law firms die
When partners start leaving to earn more money elsewhere, collapse becomes inevitable
Americans begin voting in elections to decide control of Congress
FirstFT: Officials discuss Trump, Putin and Xi meeting
Also in today’s newsletter: America votes and how Lula’s electoral victory in Brazil has lifted the global left
Wall Street braces as voters head to high-stakes polls
Vote will set the trajectory for everything from AI to public spending
Brussels sets tight deadline for ECB president nominations
Eurozone leaders need to submit nominees to succeed Christine Lagarde by Friday as contest for top central banking job heats up
What do we know about Europe’s freezer hacks?
Temperatures were turned up remotely to as high as 55C ruining food worth millions of euros
US voters prepare to deliver verdict on Trump
Congressional races across nation will determine whether president’s Republican Party will retain its majorities in Congress
Menopause specialist sold in €2.6bn private equity deal
Carlyle and PAI Partners agree to sell women’s health business for almost double what they paid four years ago
German car parts giant Schaeffler axes 3,500 jobs
Automotive supplier to close four sites in Germany as crisis engulfing country’s flagship industry deepens
Burnham takes immigration politics beyond fear of Farage
Widely expected compromise on immigration crackdown signals shift towards a regime focused on labour market gaps and economic opportunity
Asian Cup football tournament in Saudi Arabia postponed
Middle East conflict forces cancellation or delay of several high-profile events in the kingdom this year
Virgin Media O2 to cut thousands of jobs
UK’s second-largest broadband provider to slash staff costs by 30% by 2029