A deepening US government shutdown and President Trump's pursuit of deep budget cuts are shaping the US economic landscape, alongside turmoil at the BLS impacting job data and questions surrounding the Federal Reserve's independence after a Supreme Court ruling.

• Traders scour private data to gauge US jobs slowdown amid BLS turmoil — Financial Times -
• Trump Calls Shutdown an ‘Unprecedented Opportunity,’ and Eyes Deep Cuts — The New York Times Business -
• America’s senseless government shutdown — Financial Times -

• Trump threatens permanent spending cuts as US shutdown continues — Financial Times -
• It’s a Bad Time to Cut the Information Coming From Corporate America — The New York Times Business -
• How TrumpRx Website May Affect Your Drug Costs After Pfizer Deal — The New York Times Business -
• The Consequences of Trump’s Setback at the Fed — The New York Times Business -
• For Workers, Mixed Signals. For the Public, Limited Impact on Shutdown’s First Day. — The New York Times Business -
• Trump Uses Shutdown to Maximize Pain for Democrats and Move Forward With Layoffs — The New York Times Business -
• Trump Calls Shutdown an ‘Unprecedented Opportunity,’ and Eyes Deep Cuts — The New York Times Business -
• Who has the upper hand in government shutdown talks? — Financial Times -
• FirstFT: Washington battle lines — Financial Times -
• Fed’s Independence in Jeopardy Despite Latest Lisa Cook Victory — The New York Times Business -
• New Tariffs Could Worsen America’s Housing Crisis — The New York Times Business -
• White House Withdraws Nomination of E.J. Antoni, Trump’s Pick to Lead BLS — The New York Times Business -
• ‘No winners here’: US politicians in blame game over shutdown — Financial Times -
• Shutdown Puts a Divided Fed in a Perilous Position — The New York Times Business -

A tragic synagogue attack in Manchester, US intelligence support for Ukraine's missile defenses against Russia, Australia's historic defense spending spree, and ongoing developments in the Israel-Gaza conflict highlight escalating global security concerns and international military efforts.

• Two killed in attack at Manchester synagogue — Financial Times -
• Manchester’s Jews left in fear after ‘inevitable’ attack strikes at heart of community — Financial Times -
• Australia rolls out ‘ghost bats and sharks’ in historic defence spending spree — Financial Times -

• US to provide intel to guide Ukrainian long-range missile attacks on Russia — Financial Times -
• France detains captain of oil tanker after Denmark drone incursions — Financial Times -
• How Social Media Is Changing the Narrative of the Israel-Gaza War — The New York Times Business -
• Drone attacks threaten us all — Financial Times -
• Can peace prevail amid global conflict? You asked, Gideon Rachman answered — Financial Times -
• Can Paris and Berlin rescue their joint fighter jet project? — Financial Times -
• Israeli navy intercepts Gaza aid flotilla — Financial Times -
• Why the EU failed to make headway on its €140bn loan to Ukraine — Financial Times -
• Russian missile upgrade outpaces Ukraine’s Patriot defences — Financial Times -

**OpenAI's soaring $500 billion valuation, significant chip supply deals with SK Hynix and Samsung, and concerns over America's dangerous dependence on Chinese chips underscore rapid advancements and strategic challenges within the technology and artificial intelligence landscape**.

• AI comes to the video wars — Financial Times -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• America risks a dangerous dependence on Chinese chips — Financial Times -

• OpenAI overtakes SpaceX after hitting $500bn valuation — Financial Times -
• SK Hynix and Samsung shares leap after OpenAI deal — Financial Times -
• Is the AI boom a bubble? — Financial Times -
• China curbs use of Nokia and Ericsson in telecoms networks — Financial Times -

Tesla's record sales driven by expiring EV subsidies despite a Cybertruck lawsuit, **Berkshire Hathaway's $10 billion OxyChem purchase, Volkswagen's costly work stoppage, and Cracker Barrel dropping its logo change firm** reflect diverse corporate activities and significant industry shifts.

• Opinion | Volkswagen Gets What It Paid For — Wall Street Journal -
• Cracker Barrel Drops Firm Behind Ill-Fated Logo Change — Wall Street Journal -
• Tesla Is Sued by Family Who Says Faulty Cybertruck Doors Led to Woman’s Death — The New York Times Business -

• Tesla Sets New Sales Record as EV Subsidy Ends — Wall Street Journal -
• Tesla sales hit record as US buyers rush to beat end of tax credits — Financial Times -
• Berkshire’s Abel seals first deal as CEO-elect with $10bn OxyChem purchase — Financial Times -
• Ice-Cream Maker Froneri Hits $17.6 Billion Valuation in Funding Deal — Wall Street Journal -
• Leo Hindery Jr., Dealmaking Power in the Cable TV Industry, Dies at 77 — The New York Times Business -
• Delta Jets Collide While Taxiing at LaGuardia Airport — Wall Street Journal -
• Tesla’s Car Sales Rose 7% as U.S. E.V. Tax Credit Was Ending — The New York Times Business -
• Buffett faces off against himself in Occidental carve-up — Financial Times -
• How Coty ended up as Big Beauty’s ugly duckling — Financial Times -
• AstraZeneca’s US listing to leave £200mn UK stamp duty hole — Financial Times -
• Walmart steps up automation with labour-saving sensors — Financial Times -
• Daniel Křetínský exits Thyssenkrupp to make way for Naveen Jindal — Financial Times -
• Japan days away from running out of Asahi Super Dry after cyber attack — Financial Times -
• The Aussie Surfer Who Parlayed His Connections Into a $55 Billion Deal — Wall Street Journal -
• Egon Durban’s $55bn buyout bet raises stakes for Silver Lake — Financial Times -

The Bank of England's data publication issues, UK government support for Jaguar Land Rover, Tesco's warnings on business taxes, and debates over potential climate law changes and property taxation reveal critical economic and policy challenges facing the United Kingdom.

• Why — and how — is the UK government helping Jaguar Land Rover? — Financial Times -
• BoE swaps business data after publication, casting doubt on figures — Financial Times -
• May hits out at Badenoch’s pledge to ditch flagship UK climate change law — Financial Times -

• The high cost of breaking Labour’s promises — Financial Times -
• Tesco chief warns Reeves ‘enough’s enough’ on business taxes — Financial Times -
• The Tories’ climate gamble doesn’t add up — Financial Times -
• Reeves braced for hole in UK public finances after productivity downgrade — Financial Times -
• UK business secretary approved £1.5bn JLR loan guarantee despite civil service concerns — Financial Times -
• Think twice before rushing to fix the UK’s broken property taxes — Financial Times -
• UK retailers set to escape top business rate tax band — Financial Times -
• What’s your home worth? Why no one seems to have the faintest idea — Financial Times -

Italy's projected deficit reduction, Denmark's substantial tax fraud case loss, **China's scrutiny of S&P's ratings group, and Trump's tariffs impacting South African carmakers** highlight diverse global financial, regulatory, and trade developments.

• Italy’s deficit will fall to 3% this year, predicts government — Financial Times -
• Young Moroccans join wave of anti-government protests — Financial Times -
• Denmark loses £1.4bn London tax fraud case — Financial Times -

• Can Japan pull its offshore wind industry out of crisis? — Financial Times -
• How I learnt to stop worrying about China’s surplus — Financial Times -
• China asks S&P’s mainland ratings group to ‘rectify’ operations — Financial Times -
• Shadow banks are not outside the banking system — Financial Times -
• Trump’s lifeline won’t stop Argentina’s president repeating old mistakes — Financial Times -
• Trump tariffs pummel South African carmakers — Financial Times -

FDA approval of a generic abortion pill, a new approach to US home lending credit scoring, the enduring legacy of labor rights lawyer Bessie Margolin, and the prevalence of business practices in legal 'gray areas' mark key developments in social policy, consumer protection, and labor history.

• FDA Approves Generic Version of Abortion Pill Mifepristone — The New York Times Business -
• Overlooked No More: Bessie Margolin, Lawyer Who Turned Workers’ Hopes Into Law — The New York Times Business -
• New approach to credit scoring data could reshape US home lending — Financial Times -

• Opinion | Small Firms Still Want to Hire — Wall Street Journal -
• Great Cons Are Part of the American Story. And That Might Not Be So Bad. — Wall Street Journal -

Declining tourism in Las Vegas and resentment in Japan, urban growth in Atlanta, Nigeria's shift to solar power, and ongoing questions about the global economy's resilience illustrate diverse regional developments and broader economic shifts.

• What are your financial goals? We want to hear about them. — The New York Times Business -
• Norovirus Outbreak Sickens Nearly 100 on Royal Caribbean Cruise — The New York Times Business -
• Why Is Las Vegas Tourism Declining? It’s a Perfect Storm. — The New York Times Business -

• A rent freeze is not the answer to New York’s housing crisis — Financial Times -
• Investing in America Series: Atlanta emerges as the south-east’s growth engine — Financial Times -
• Submit your questions: Can the global economy withstand new shocks? — Financial Times -
• The curious death of manufacturing productivity — Financial Times -
• Why Japan resents its tourism boom — Financial Times -
• India’s rich flock to Mumbai’s new billionaires’ row — Financial Times -
• Nigeria’s pivot to solar power — Financial Times -
• How to get immigration right. With Adam Ozemik — Financial Times -