Fed rate cut signals and the latest jobs report indicate economic shifts, while AI spending concerns and tech stock volatility continue to shape global markets and central bank discussions.

• What the Jobs Report Tells Us About the Economy — The New York Times Business -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• US stocks rebound after top Fed official signals openness to rate cut — Financial Times -

• Uneasiness Over A.I. Spending Looms Over Markets — The New York Times Business -
• Top Fed Official Boosts Odds of a December Rate Cut — The New York Times Business -
• Rate ride — Financial Times -
• The Fed, Crypto and A.I. Weigh on the Markets — The New York Times Business -
• UK borrowing overshoots expectations and retail sales dive before Budget — Financial Times -
• Parsing Fed rate-setters’ views ahead of the December meeting — Financial Times -
• Lagarde warns European growth is linked to ‘disappearing’ world — Financial Times -
• Firm Japan inflation bolsters case for near-term BoJ rate increase — Financial Times -
• US tech stocks slide as jolt of volatility hits Wall Street — Financial Times -
• The bear case for 2026 — Financial Times -
• Wall Street is banking on too many Fed rate cuts, Vanguard warns — Financial Times -
• How the Bank of England could be clearer on the rates outlook — Financial Times -
• Foreign investors snap up Japanese government bonds as yields surge — Financial Times -

Trump's Ukraine peace proposal sparks international debate, with US sanctions impacting Russia's oil economy and growing trade tensions shaping US-China-Japan relations and global alliances.

• Ukraine faces choice of losing ‘dignity’ or American support, Zelenskyy warns — Financial Times -
• China’s risky challenge to Japan — and the US — Financial Times -
• Trump’s world view: cynical, self-interested and money-grabbing — Financial Times -

• Former leader of Reform UK in Wales jailed over pro-Russian bribes — Financial Times -
• How Trump’s Attack on Russia’s Economy Is Ricocheting Through Oil Markets — Wall Street Journal -
• Trump’s grab for Russian frozen assets puts EU Ukraine loan in doubt — Financial Times -
• Annotated: the full text of Trump’s 28-point Ukraine-Russia peace plan — Financial Times -
• FirstFT: US peace plan for Ukraine-Russia urges Kyiv to cede land — Financial Times -
• Reliance stops buying Russian crude at major refinery to comply with US sanctions — Financial Times -
• US open to dropping EU food tariffs to lower domestic prices — Financial Times -
• What is Venezuela’s ‘Cartel of the Suns’? — Financial Times -
• Davos assured Trump ‘woke’ topics were off the agenda — Financial Times -
• Western allies seek to forge joint defence against cheap Chinese steel — Financial Times -
• Taiwan minister says US will not put ‘punishing’ tariffs on chip sector — Financial Times -
• Trump lifts 40% tariff on some Brazilian food products — Financial Times -
• Read the full text of Trump’s 28-point Ukraine-Russia peace plan — Financial Times -
• US plan for Ukraine-Russia peace calls on Kyiv to cede land under its control — Financial Times -
• India-US trade deal feels like Waiting for Godot — Financial Times -
• Starmer expected to approve China’s ‘mega’ embassy in London — Financial Times -

**Eli Lilly's monumental $1 trillion valuation highlights pharmaceutical success, as Bill Ackman plans an IPO for Pershing Square and major mergers and acquisitions reshape industries from media to waste management**.

• Bill Ackman plots IPO of hedge fund Pershing Square in early 2026 — Financial Times -
• Eli Lilly becomes first pharma group to join $1tn club — Financial Times -
• Eli Lilly, Drug Maker of Zepbound and Mounjaro, Reaches $1 Trillion in Value — The New York Times Business -

• Tyson to Close One of the Biggest Beef-Processing Plants in the U.S. — Wall Street Journal -
• Axalta Investor Urges Company to Restructure $17 Billion Merger With AkzoNobel — Wall Street Journal -
• BJ’s Sales Gain as Consumer Shopping Habits Stay Consistent — Wall Street Journal -
• Walmart rings bell on grand battle of the bourses — Financial Times -
• Paramount Wins European Rights to Soccer’s Champions League in $11.5 Billion Auction — Wall Street Journal -
• Ubisoft Shares Climb After Partnerships Lift Sales — Wall Street Journal -
• British Airways’ Parent IAG Joins Race to Bid for Stake in Portugal’s TAP — Wall Street Journal -
• ASOS Shares Slip After Guidance Misses Views — Wall Street Journal -
• Babcock Earnings Jump on Defense Demand, Nuclear Projects — Wall Street Journal -
• Veolia to Buy U.S. Hazardous-Waste Specialist Clean Earth in $3 Billion Deal — Wall Street Journal -
• Conglomerate CK Hutchison Weighs Dual Listing of Health & Beauty Retail Giant — Wall Street Journal -
• Harbour Energy Explores U.S. Deals — Wall Street Journal -
• Paramount, Comcast and Netflix Submit Bids for Warner Bros. Discovery — Wall Street Journal -
• Australia Blocks U.S.-Based Cosette’s $387.2 Million Takeover of Mayne Pharma — Wall Street Journal -

A judge's reluctance to break up Google's ads business marks a key antitrust development, while the IRS faces scrutiny over data sharing with ICE and government shutdowns impact air-traffic controllers' bonuses.

• Judge shows reluctance to break up Google ads business in US monopoly case — Financial Times -
• Trump and Mamdani forge unlikely bond in the Oval Office — Financial Times -
• Judge Places Hold on IRS Data Sharing With ICE — The New York Times Business -

• Opinion | Josh Shapiro Lost His Own Government Shutdown — Wall Street Journal -
• Sean Duffy Asks Travelers to ‘Bring Civility Back’ to Airports in New PSA — The New York Times Business -
• Trump needs to tackle housing supply, not mortgage rates — Financial Times -
• Nokia Pledges $4 Billion U.S. Investment in Trump Admin Partnership — Wall Street Journal -
• Trump Calling Reporter ‘Piggy’ Was ‘Frankness,’ White House Says — The New York Times Business -
• Buying a House Is Expensive. But There Are Some Ways to Rein In Costs. — The New York Times Business -
• Air-Traffic Controllers With Perfect Shutdown Attendance to Get $10,000 Bonuses — Wall Street Journal -
• Senate Democrats Investigate Kennedy Center Deals With Trump Allies — The New York Times Business -

The upcoming UK Budget promises a pensions tax raid and potential staff pension cuts, amidst dropping consumer confidence and a proposed pay rise for young workers.

• BBC board member resigns — Financial Times -
• UK Budget’s pensions tax raid to raise over £3bn — Financial Times -
• Third of employers would cut staff pensions if salary sacrifice capped — Financial Times -

• Opinion | If the BBC Wants to Save Itself, Here’s an Idea — Wall Street Journal -
• Labour’s charm offensive to avoid an ‘omnishambles’ Budget — Financial Times -
• Three years and £200mn already — is the UK’s Covid inquiry worth it? — Financial Times -
• Young workers in line for 8% pay rise in Budget — Financial Times -
• Boats and the Budget: the battlelines are drawn — Financial Times -
• Lessons from Japan’s investing drive for fellow cash-loving Britons — Financial Times -
• Levies push up energy price cap despite fall in wholesale costs — Financial Times -
• Britain’s tax system combines the worst of the US and Scandinavia — Financial Times -
• UK consumer confidence drops as public braces for a ‘difficult’ Budget — Financial Times -

Roblox introduces face scans for age verification and French brands sue Shein over unfair competition, reflecting evolving digital consumer experiences and global shopping trends influencing customs duties and utility bills.

• Shoppers, Tell Us About Customs Duties on Items Bought From Overseas — The New York Times Business -
• Burt Meyer, 99, Dies; Made Lite-Brite and Rock ’Em Sock ’Em Robots — The New York Times Business -
• Tell Us How You Watch TV and Movies — The New York Times Business -

• Thousands of French Brands Sue Shein, Accusing It of Unfair Competition — The New York Times Business -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• The Three High-Tech Steps That Can Lower Your Energy Bills — Wall Street Journal -
• Roblox Rolls Out Face Scans for Age Verification: What to Know — The New York Times Business -
• ‘Made in India’ gets a makeover at Design Mumbai — Financial Times -
• Marketers Are Quitting Corporations for Sports Teams. CMOs Who Made the Move Explain Why. — Wall Street Journal -
• Why ‘Surveillance Pricing’ Strikes a Nerve — The New York Times Business -
• A Tap-to-Pay Society Is Leaving These New Yorkers Behind — The New York Times Business -
• The dark truth behind supermarket tuna — Financial Times -

Global climate negotiations at COP30 face potential roadblocks from Saudi Arabia, while Japan moves to restart its largest nuclear power plant and the EU considers changes to carbon border taxes.

• New Yorkers unite against Con Edison; stock falls — Financial Times -
• Brazil delivers a climate COP like no other — Financial Times -
• Abu Dhabi’s IHC weighs bid for Lukoil’s international assets — Financial Times -

• EU explores cutting costs of carbon border tax on UK electricity producers — Financial Times -
• Japan approves restart of world’s biggest nuclear power plant — Financial Times -
• Saudi Arabia leads attempts to block climate deal at COP30, UN chief warns — Financial Times -

A judge's deliberation on Google's advertising monopoly highlights antitrust concerns, as calls for transparency to combat insider trading and investigations into money laundering networks underscore business ethical challenges.

• We should make insider trading a thing of the past — Financial Times -
• EU confronts Italy over its ‘golden power’ rules to stop foreign mergers — Financial Times -
• Ex-Wirecard boss Jan Marsalek linked to multibillion-dollar laundering network — Financial Times -