▆ New Rio Tinto chief to cut costs and sell assets in push to boost profits
Simon Trott banks on rising copper production to increase earnings
▆ China says it is ‘actively’ issuing rare earths general licences
Beijing’s tight export controls on critical minerals have strained relations with US and EU
▆ Sterling jumps as business survey triggers unwinding of negative bets
Better than expected activity adds to dollar weakness to send the pound to its highest level since October
▆ Stocks’ irrational rate-cut rally
And the prospects for a Hassett-led Fed
▆ Why the vaporised Austrian century bond was actually a great bet
Losing 96 per cent of your money was *checks notes* good?
▆ Japanese 10-year bond yields rise to highest level since 2007
Investors fret over government’s spending plans and brace themselves for interest rate increase
▆ EU climate chief criticises China, India and Saudi pushback on carbon tax
Petrostates becoming ‘more assertive’, Wopke Hoekstra tells FT
▆ The UK stock market concentration problem
Just two sectors explain the strong outperformance of the FTSE 100 over the broader FTSE 250 — bank and defence
▆ How will a rise in Japanese interest rates affect global markets?
Investors worry about fallout from yen carry trade unwinding after speech by BoJ governor
▆ Abu Dhabi sovereign fund accuses US PE firm of self-dealing in lawsuit
Move by Energy & Minerals Group to sell stake in Ascent Resources highlights potential conflicts in ‘continuation deals’
▆ Anthropic’s IPO pitch: helpful, honest, harmless and hulking
An initial public offering could value the company at $350bn next year
▆ Bond investors warned US Treasury over picking Hassett as Fed chair
Some market participants worried candidate for top central bank job will be swayed by Trump on interest rates
▆ ECB urges Meloni’s party to rethink declaring Italy’s gold ‘belongs to the people’
Any law affecting legal status of gold reserves would risk Bank of Italy’s independence, warns central bank
▆ Blue Owl executives and staff bought $200mn in shares after sell-off
Insider purchases intended to support stock in wake of abandoned merger
▆ EU pushes magnet recycling to cut reliance on China
Proposed restriction on export of some waste is latest bid to secure critical minerals supply after China export measures
▆ Glencore slashes 1,000 jobs as part of cost-cutting drive
Chief executive Gary Nagle also unveils plans to turn Swiss miner into ‘biggest copper producer in the world’
▆ EU agrees full ban on all Russian gas imports by 2027
Earlier phaseout dates to be set for liquefied natural gas and short-term supply contracts
▆ AI era requires ‘totally different’ approach to regulation, says FCA boss
Pace of change requires ‘different relationship between regulator and regulated’, Nikhil Rathi tells FT conference
▆ Leverage is crypto trading’s faultline
Volatility collateralises volatility
▆ Russia strengthens financial ties to China with first renminbi bond
Country’s $3bn ‘dim sum’ bond will help finance war in Ukraine and could lead to many more
▆ Trafigura says growth in China oil demand to hit multiyear low in 2026
Commodity trader says growth in India will overtake that in China for first time
▆ Vulcan Energy secures $2.6bn for Europe’s biggest lithium project
Facility is expected to generate material for about 500,000 EV batteries a year
▆ Binance names co-founder Yi He as co-chief executive
World’s biggest crypto exchange says partner of former chief Changpeng Zhao will run group alongside Richard Teng
▆ South Korea raises foreign bond cap to prepare for $350bn US investment
Parliament approves record ceiling of $5bn amid concerns about currency impact from trade deal with Washington
▆ More on crypto winter
And our readers on the essence of economics

Click on any headline to see the full article on the Financial Times website, FT.com.