Trump's renewed tariff threats against China have dominated headlines, alongside federal layoffs amidst a government shutdown and drug pricing deals, while US foreign aid to Argentina and Qatar's fighter jet facility in Idaho underscore complex international dynamics.

• Trump Threatens 100% Tariffs on Chinese Goods — The New York Times Business -
• AstraZeneca strikes deal to lower drug costs in exchange for tariff reprieve — Financial Times -
• Trump reignites trade war with threat of additional 100% tariff on China — Financial Times -

• Trump administration starts firing workers laid off in government shutdown — Financial Times -
• White House Signals Federal Layoffs Have Begun Amid Government Shutdown — The New York Times Business -
• Trump to Announce a Drug Pricing Deal With AstraZeneca — The New York Times Business -
• Trump’s deal ended the war — but hasn’t yet delivered peace — Financial Times -
• The Fiscal Gambit at the Center of the Shutdown — The New York Times Business -
• Argentina’s chainsaw massacre — Financial Times -
• Critics Say Select Investors Gained From US Aid to Argentina — The New York Times Business -
• Ex-US trade chief Robert Lighthizer: ‘Economists have been wrong on everything!’ — Financial Times -
• China opens probe into Qualcomm and imposes retaliatory fees on US ships — Financial Times -
• Big Investors Await Windfall From Trump’s Argentina Bailout — The New York Times Business -
• America is sucking in growth from the rest of the world — Financial Times -
• China unveils sweeping rare-earth export controls to protect ‘national security’ — Financial Times -

US stocks slumped due to Trump's China tariff threats, reflecting market volatility despite previous gains, as private equity firms faced scrutiny and dollar rallies signaled potential market shifts, while rising auto loan delinquencies indicated consumer financial stress.

• S&P and Nasdaq Slump as Stocks Fall on Trump China Tariff Threat — The New York Times Business -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• Nasty News? Until Now, the Markets Said All Was Well. — The New York Times Business -

• US stocks close sharply lower after Trump threatens new China tariffs — Financial Times -
• Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street — The New York Times Business -
• A dollar rally could be the next jolt for markets — Financial Times -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Alliance Laundry tests private equity’s rinse-and-repeat cycle — Financial Times -
• Americans Are Falling Behind on Their Car Payments — Wall Street Journal -
• Profits up, rates down — Financial Times -
• Assessing the First Brands carnage — Financial Times -
• Think the rally may continue but may also tank? You’ve got options — Financial Times -
• Investors flock to ‘ex-US’ stock funds in drive to diversify — Financial Times -

Israel-Hamas truce efforts allowed Gazans to return home, while Denmark increased defense spending and Taiwan bolstered missile defense against China, as Russia continued strikes on Ukraine's gas production, and tensions flared between Afghanistan and Pakistan.

• Qatar to build fighter jet facility at US base in Idaho — Financial Times -
• Denmark to spend $8.7bn on F-35 jets and bolstering Arctic security — Financial Times -
• Gazans stream back home after start of Israel-Hamas truce — Financial Times -

• Afghanistan accuses Pakistan of air strike on Kabul — Financial Times -
• Teck Resources in talks to supply key defence minerals to Canada and US — Financial Times -
• Gaza ceasefire has started, says Israeli military — Financial Times -
• US push to break siege in Sudan appears to fall apart — Financial Times -
• FirstFT: Venezuela’s main opposition leader wins Nobel Peace Prize — Financial Times -
• Russia strikes disable 60% of Ukraine’s gas production ahead of winter — Financial Times -
• Taiwan accelerates ‘T-dome’ missile plan against China threat — Financial Times -
• Europe hails Gaza peace deal and shifts debate to reconstruction costs — Financial Times -
• Netanyahu defies far right on Gaza as election looms — Financial Times -
• Vitol caught in crossfire as UAE blocks Sudan oil shipments — Financial Times -
• Israel approves Trump’s plan for Gaza ceasefire and hostage release — Financial Times -

OpenAI solidified its influence with a vast network of deals, Reflection AI secured significant funding, and AI's role in power generation surged, even as China cracked down on Nvidia AI chip imports and self-flying planes represented future innovation.

• Opinion | Tilly Norwood and U.S. Renewal — Wall Street Journal -
• How OpenAI put itself at the centre of a $1tn network of deals — Financial Times -
• Kalshi, a Fast-Growing Prediction Market, Raises New Funds — The New York Times Business -

• Reflection AI Raises $2 Billion as It Aims to Compete With DeepSeek — The New York Times Business -
• Gas Turbine Makers Are Riding the AI Power Boom — Wall Street Journal -
• Riding the Wild Wave of Crypto Coverage — The New York Times Business -
• Riding the Wild Wave of Crypto Coverage — The New York Times Business -
• China launches customs crackdown on Nvidia AI chips — Financial Times -
• Can These Self-Flying Planes Transform the Skies? — Wall Street Journal -

UK Treasury urged business leaders to support the economy amidst concerns over Farage and Brexit's fiscal impact, while Macron reappointed his prime minister to push for budget finalization, and EU capitals debated tariffs on Chinese e-commerce platforms like Shein.

• Talk up UK economy or risk Farage, Treasury tells business leaders — Financial Times -
• China’s Ming Yang to invest up to £1.5bn in Scottish turbine factory — Financial Times -
• Keep Kemi Badenoch to stop us looking like Chelsea FC, say Tory donors — Financial Times -

• Keir Starmer orders planning bill rewrite in bid to get Budget boost — Financial Times -
• The UK’s failing fiscal framework is a Brexit tribute act — Financial Times -
• Has Kemi Badenoch silenced the critics? — Financial Times -
• Airports brace for delays as EU starts fingerprint checks — Financial Times -
• Mapping the shifting mental boundaries of Europe — Financial Times -
• EU capitals move to charge Temu and Shein over small packages — Financial Times -
• Four priorities standing in Labour’s path to re-election — Financial Times -
• SNP seeks to exploit unionist rift with fresh independence pitch — Financial Times -

HSBC made a significant bet on Hong Kong's revival, Strathcona Resources terminated its bid for MEG Energy, and GM slowed its EV rollout, while **Johnson & Johnson pursued a therapeutics acquisition, and Parisians protested Shein's physical store opening**.

• HSBC’s Elhedery bets $13.6bn on Hong Kong’s revival — Financial Times -
• Strathcona Resources Terminates Takeover Bid for MEG Energy — Wall Street Journal -
• Parisians Protest Shein’s First Physical Store — The New York Times Business -

• Opinion | Barra Hits the Brakes on EVs — Wall Street Journal -
• Johnson & Johnson in Talks to Buy Protagonist Therapeutics — Wall Street Journal -
• Venture Global shares fall nearly 25 per cent after LNG arbitration loss — Financial Times -
• BASF to Sell Majority Stake in Coatings Unit to Carlyle for $6.7 Billion — Wall Street Journal -
• Volkswagen Deliveries Rise Despite Weakness in China and North America — Wall Street Journal -
• Canned-Tuna Maker Princes Group Expects London IPO at End of October — Wall Street Journal -
• Stellantis Shipments Rise After Strong Rebound in North America — Wall Street Journal -
• JPMorgan forces staff to use fingerprints and eye scans to access new headquarters — Financial Times -
• Los Angeles Times Moves Closer to a Public Stock Offering — The New York Times Business -
• Trouble in India’s Tata Group — Financial Times -

The Trump administration canceled two major solar farm projects in Nevada, highlighting a shift in US renewable energy policy, contrasting with China's massive solar and hydroelectric developments on the Tibetan Plateau, and discussions on energy costs impacted local politics.

• US moves to cancel one of the world’s largest solar farms — Financial Times -
• Trump Moves to Cancel Esmeralda 7, a Giant Solar Project — The New York Times Business -
• In N.J. Governor’s Race, Energy Costs Have Become a Central Issue — The New York Times Business -

• Why China Built 162 Square Miles of Solar Panels on the World’s Highest Plateau — The New York Times Business -
• The ‘profound’ global impact of China’s rise as an electrostate — Financial Times -

Venezuelan opposition leader Maria Corina Machado won the Nobel Peace Prize, while Peru's president Dina Boluarte faced impeachment, Japan's ruling coalition collapsed, and Cameroon's longest-serving leader prepared for another election.

• Macron reappoints Sébastien Lecornu as French prime minister — Financial Times -
• How domestic deadlock brought Jupiterian Macron back to earth — Financial Times -
• Peru’s president Dina Boluarte impeached by lawmakers — Financial Times -

• Nobel Peace Prize winner Maria Corina Machado, Venezuela’s ‘Iron Lady’ — Financial Times -
• Nobel Peace Prize awarded to Venezuelan opposition leader María Corina Machado — Financial Times -
• Japan’s ruling coalition collapses in setback for new LDP leader Takaichi — Financial Times -
• Germany’s Top Economist Charts a Path Out of Europe’s Crisis — The New York Times Business -
• World’s oldest leader readies for another shot at power — Financial Times -
• Germany open to handing more power to EU markets watchdog — Financial Times -
• EU should combat ‘plundering’ China as ‘lifestyle superpower’, says aid chief — Financial Times -

Student loan cancellations resumed for some federal borrowers, while the job market showed a trend of 'job hugging' over 'job hopping', and debates on university free speech and the WNBA's increased attention sparked broader social discussions.

• Student Loan Cancellation Is Restarting for Some Federal Borrowers — The New York Times Business -
• What Is the One Trait That Makes for a Great Manager? You Might Be Surprised — Wall Street Journal -
• Jobpocalyse Now? Really? — Financial Times -

• If an Energy Drink Drank an Energy Drink, You’d Get a Celsius — The New York Times Business -
• Fintech Start-Ups and Investment Firms Are Battling Over Your 401(k) — The New York Times Business -
• The W.N.B.A Gets More Attention Now. That’s Not Always a Good Thing. — The New York Times Business -
• The best exhibitions to see in London this weekend — Financial Times -
• Who should decide what makes a building beautiful? — Financial Times -
• Can free speech survive in America’s universities? — Financial Times -
• In This Economy, ‘Job Hugging’ Is in, Job Hopping Is Out — The New York Times Business -
• Can I Take Batteries on a Plane? What to Know Before You Fly. — The New York Times Business -
• Inside Hegseth’s Effort to Limit Press Access at the Pentagon — The New York Times Business -
• What the graduate unemployment story gets wrong — Financial Times -
• Big spending on future champions masks grim mood in British racing — Financial Times -
• Moving home is maddening — here’s how the system needs to change — Financial Times -
• Japan buckles under matcha mania — Financial Times -
• Why raising cattle is still a great cash cow — Financial Times -
• ‘Not a wake but a hurlamaboc’: Manchán Magan and the rise of the Irish language — Financial Times -
• Desolate, dramatic and surreal: a journey across Argentina’s empty quarter — Financial Times -
• The ‘lektor’ lives on: Polish TV shows foreign films the old-fashioned way — Financial Times -
• Chef Fatih Tutak’s perfect day in Istanbul — Financial Times -