Global economies grapple with UK fiscal challenges and rising Eurozone inflation, as Japanese bond demand offers some stability amidst concerns over growing fiscal risk and calls to improve Britain's fiscal watchdog.

• Opinion | The SEC Is Reviving American Capital Markets — Wall Street Journal -
• EQT and Omers outline plan to refinance German broadband company — Financial Times -
• Britain must improve how it uses its fiscal watchdog — Financial Times -

• It’s time to sound the alarm on growing fiscal and financial risk — Financial Times -
• Barclays chief says Revolut benefits from lack of UK banking licence — Financial Times -
• Bulgaria in budget turmoil as it prepares to adopt the euro — Financial Times -
• OBR board member says Reeves did not mislead public on fiscal challenges — Financial Times -
• Japan’s economic normalisation will affect global liquidity — Financial Times -
• Why UK borrowing costs are so high — Financial Times -
• Eurozone services inflation ticks up again in November — Financial Times -
• Eurozone inflation unexpectedly rises to 2.2% in November — Financial Times -
• Rate cuts will end in leading economies next year, says OECD — Financial Times -
• As it happened: OBR says Reeves did not mislead public over Budget forecasts — Financial Times -
• BoE lowers capital requirements for UK banks as they pass stress tests — Financial Times -
• Budget foundations starting to wobble — Financial Times -
• Demand for Japanese bonds reassures jittery markets — Financial Times -
• UK house prices edge higher despite Budget uncertainty — Financial Times -
• Checking in on the US consumer — Financial Times -
• ECB refuses to provide backstop for €140bn Ukraine loan — Financial Times -
• Britain’s brokers provide evidence of a knee-high market recovery — Financial Times -
• Meloni’s party pushes to declare Italy’s gold ‘property of the people’ — Financial Times -
• Let me count the ways in which Labour isn’t working — Financial Times -
• UK Budget’s energy price cut won’t stop bills from rising — Financial Times -
• UK pension funds dump US equities on fears of AI bubble — Financial Times -
• Council tax rise cannot be ruled out, says Reform UK’s top local government figure — Financial Times -
• Costco Joins Companies Suing Trump Administration Over Tariffs — Wall Street Journal -
• China draws in Europe’s businesses despite alarm over competition — Financial Times -
• FAA Ramps Up Probe on Airlines’ Flight Reductions During Government Shutdown — Wall Street Journal -

The AI sector buzzes with Marvell Technology's acquisition of Celestial AI and OpenAI's 'code red' response to rivals, while Apple reshuffles its AI leadership and Samsung unveils a triple-folding smartphone, alongside India's controversial mandate for a government tracking app.

• Marvell Technology to Acquire Celestial AI in $3.25 Billion Deal — Wall Street Journal -
• Opinion | Remember When the Information Superhighway Was a Metaphor? — Wall Street Journal -
• CrowdStrike Narrows Outlook, Logs Higher Sales — Wall Street Journal -

• FirstFT: India orders government-developed app to be installed on all smartphones — Financial Times -
• GitLab Swings to Loss Despite Sales Gain — Wall Street Journal -
• Taiwan’s AI boom leaves traditional manufacturers trailing — Financial Times -
• India Orders a Tracking App to Be Installed in All Smartphones — The New York Times Business -
• Kalshi, a Prediction Market, Raises $1 Billion in New Round — The New York Times Business -
• Prediction Market Kalshi Hits $11 Billion Valuation in New Funding Round — Wall Street Journal -
• How Blue Origin Plans to Beat SpaceX to the Moon — Wall Street Journal -
• Beta Will Sell Motors to Another Electric Aircraft Company — The New York Times Business -
• OpenAI’s Sam Altman declares ‘code red’ after rivals make advances — Financial Times -
• India demands installation of government app on all smartphones — Financial Times -
• OpenAI Completed Its Conversion. A New Ballot Initiative Seeks to Reverse It. — Wall Street Journal -
• Samsung’s Next Salvo Against Apple: A Triple-Folding Smartphone — Wall Street Journal -
• Apple’s A.I. Chief, John Giannandrea, Is Retiring — The New York Times Business -
• Apple replaces head of AI with executive poached from Microsoft — Financial Times -

Dell's multi-billion dollar pledge to 'Trump Accounts' for children sparks debate, as Ukraine continues to target Russia's shadow fleet and Putin accuses Europeans of sabotaging peace efforts, while the UK considers easier drug approvals in a deal with Trump.

• Pete Hegseth invokes ‘fog of war’ as backlash grows over strikes on boats — Financial Times -
• What to Know About Trump Accounts for Children and Eligibility After Dell Donation — The New York Times Business -
• Opinion | Hollywood’s Ugly Bidding War — Wall Street Journal -

• Michael and Susan Dell Pledge $6 Billion in Investment ‘Trump Accounts’ for Children — The New York Times Business -
• New Pentagon Press Corps Test-Drives the Briefing Room — The New York Times Business -
• Farage tells donors he expects Reform UK will do an election deal with Tories — Financial Times -
• Michael and Susan Dell pledge $6.25bn to help fund ‘Trump Accounts’ for children — Financial Times -
• Putin accuses Europeans of sabotaging Ukraine peace push — Financial Times -
• UK envoy to Moscow enters race to be next ambassador to US — Financial Times -
• Ukraine detains British army veteran on suspicion of spying for Russia — Financial Times -
• Ukraine targets Russia’s shadow fleet — Financial Times -
• Latin America accelerates minerals shift as Trump pushes for regional sourcing — Financial Times -
• Police detain Federica Mogherini in EU fraud probe — Financial Times -
• UK to make drug approvals easier in latest tariff deal with Trump — Financial Times -
• What Michael Dell’s Blockbuster Donation Means for Philanthropy — The New York Times Business -
• Trump-style regime change in Venezuela — Financial Times -
• FirstFT: Honduras election on a knife-edge — Financial Times -
• The New York Times Marks Centennial of Bureau in China — The New York Times Business -
• US regulator to curtail use of primate testing in drug trials — Financial Times -
• The hardliner who wants to make Chile great again — Financial Times -
• Putin’s visit ties India in knots — Financial Times -
• New White House Website Criticizes Journalists and News Outlets — Wall Street Journal -

Major players like Nike restructure their leadership and American Eagle lifts its outlook due to a successful campaign, while Saudi funds eye Electronic Arts for a buyout and Netflix bids for Warner Discovery, alongside Ford's struggles with EV sales and Shopify's Cyber Monday outage.

• American Eagle lifts outlook as Sydney Sweeney campaign boosts sales — Financial Times -
• Nike Shakes Up Leadership Team as Turnaround Plan Continues — Wall Street Journal -
• Saudi Fund to Own Almost All of Electronic Arts After Buyout — Wall Street Journal -

• Ford Electric-Vehicle Sales Sink After Key Tax Credit Ends — Wall Street Journal -
• Scholastic to Sell NYC Headquarters as Part of Turnaround Efforts — Wall Street Journal -
• LVMH Appoints Pietro Beccari as Chair, CEO of Fashion Group — Wall Street Journal -
• The spectacular rise of EB Meyrowitz eyewear — Financial Times -
• Santander to Sell Stake in Polish Subsidiary for Around $473 Million After Erste Group Deal — Wall Street Journal -
• EU can produce twice as many electric cars as needed, says study — Financial Times -
• Zara clothes reappear in Russia despite Inditex’s exit — Financial Times -
• Will the next blockbuster drug come from China? — Financial Times -
• Disney’s Succession Race Enters Final Stage as Iger’s Reign Draws to End — Wall Street Journal -
• Why HSBC Has Struggled to Fill One of the Biggest Jobs in Global Finance — Wall Street Journal -
• Shopify Breaks Down on Busy Cyber Monday — Wall Street Journal -
• Netflix Makes Majority Cash Bid for Warner Discovery — Wall Street Journal -

San Francisco sues food makers over ultraprocessed products, raising public health concerns, while Bayer secures US government backing in Roundup claims, and the UK's justice system reforms jury trials, amidst wider discussions on Elon Musk's foundation philanthropy and new workplace trends like TikTok influencers.

• San Francisco Sues Food Makers Over Ultraprocessed Products — Wall Street Journal -
• Essex university to cut 400 jobs as overseas student numbers plummet — Financial Times -
• Elon Musk’s Foundation Grows to $14 Billion, but Gives Little to Outsiders — The New York Times Business -

• The New, In-Demand Job Skill: Being a TikTok Influencer for Your Company — Wall Street Journal -
• Half of jury trials in England and Wales set to be heard by judge or magistrates — Financial Times -
• Scott Galloway Hated Investment Banking, but Learned Important Life Lessons — Wall Street Journal -
• How to Get the Most Out of Your Gift Cards — Wall Street Journal -
• US government backs Bayer bid to curb Roundup claims — Financial Times -
• Bayer Stock Jumps After Trump Administration Backs Supreme Court Roundup Review — Wall Street Journal -
• Brussels rejects Dutch request to dump manure on fields — Financial Times -
• Royal splits and billionaire breakups: the women who remade divorce law — Financial Times -

The Energy Department shifts focus to fossil fuels, impacting BP's withdrawal from a hydrogen project, while Arizona miners seek to unleash a copper boom and TotalEnergies addresses shortfalls in a Mozambique LNG project, as European green energy policies face scrutiny for economic impact.

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Can Arizona Miners Unleash an American Copper Boom? — Wall Street Journal -
• TotalEnergies Says Mozambique LNG Partners Will Cover Cash Shortfall After U.K., Dutch Pullout — Wall Street Journal -

• BP Pulls Out of Hydrogen Project in Northern England — Wall Street Journal -
• Endeavour Mining Targets Discovery of Up to 15 Million Ounces of Resources Over Next 5 Years — Wall Street Journal -
• Europe should repeal the directive that’s killing growth — Financial Times -
• North Sea executives tell Reeves windfall tax is weighing on investment — Financial Times -
• Energy Department Renames Renewable Energy Lab to Reflect Trump’s Fossil Fuel Focus — Wall Street Journal -
• Chinese Rare-Earth Dealers Find Ways to Dodge Beijing’s Export Restrictions — Wall Street Journal -
• Europe’s Green Energy Rush Slashed Emissions—and Crippled the Economy — Wall Street Journal -

A significant privacy breach reveals South Korean police investigating the hacking of 120,000 home cameras for sexual videos, highlighting severe vulnerabilities in digital security.

• 120,000 Home Cameras Were Hacked for Sexual Videos, South Korean Police Say — The New York Times Business -