Oil price falls back as traders remain focused on Middle East conflict
International benchmark eases after soaring to $117 late last week
Singapore to store Saudi oil in underground caverns
Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption
Serbia’s ex-president Vučić concedes defeat to Student List
Loss in parliamentary election marks a dramatic fall from power for strongman nationalist leader as near-record turnout favours grassroots party
FTAV’s further reading
Payoffs; capture; derivatives; creative writing; hitmen; price discovery; jellyfish; hot girls; peptide parties
How Lula turned his election fortunes around in three weeks
With an energetic online push and social giveaways, Brazil’s president reignited his campaign between the first and second rounds
Vučić’s defeat opens door for Serbia to reheat frigid EU ties
Also in this newsletter: Meloni’s electoral overhaul faces legal challenge
The reclusive quant billionaire
Plus, Calpers sells Big Tech, French borrowing costs and Pre-Raphaelites at the Laing Gallery
The rise and fall of the £150bn ‘diversified growth fund’ phenomenon
What the investment experiment taught us about the asset management industry
FirstFT: Brazil re-elects Lula as president
Also in today’s newsletter: Serbia’s strongman bows out and France’s Le Pen launches campaign
Alexandra Wilson-Elizondo: ‘People are asking the wrong question’
Plus, top-heavy earnings growth in the S&P 500
Fed to stick with quarterly rate rises as it removes 2025 insurance cuts
Read the Monetary Policy Radar team’s October scenario for the Federal Reserve
The best of TV and streaming this week
Gen-Z sex comedy ‘It Gets Worse’, horror prequel ‘Crystal Lake’ and more. Reviews by Rebecca Nicholson
Transcript: Serbia’s strongman leader voted out
Josh Gabert-Doyon speaks with Eva Xiao and Harry Dempsey
EU weighs mirroring Trump in securing critical minerals
Lawmakers propose Brussels take equity stakes in raw material projects modelled on US and Japan
UK financial ombudsman hits phones to cut through AI hallucinations
Public sector bodies and courts are being weighed down by tech-assisted complaints that are lengthy and inaccurate
Deloitte boss gets 45% pay rise as firm cuts jobs
Big Four accounting firm overhauls UK partnership to widen ownership group but reduces shares for newcomers
Germany to tap Ukrainian tech with missile purchase
Bars strike system would be first offensive weapon developed in Ukraine to be purchased by the Bundeswehr
Bid for lunch with a top FT journalist in our charity auction
The FT’s financial education charity is celebrating its fifth birthday
Oxford Street’s pedestrian revolution is finally here
UK’s leading shopping parade embarks on a controversial transformation project
Cern chief urges Europe to back new €16bn particle accelerator
Plans to build successor to Large Hadron Collider were confirmed this year but are at risk from spending pressures
‘Do no harm’ — what gilt investors want from Healey in the Budget
Big bond investors hope for ‘reassurance’ from new chancellor and warn against tweaking key fiscal rules
Chinese wind turbine maker builds European firewall from Beijing
Ming Yang says Octopus joint venture and separate legal entities will convince customers that China cannot access data
We need to know if AI agents are accessing British services
The recent hack of Australian health data is a reminder that this is the biggest cyber security threat facing the UK
Why class matters in America
The next few years of US politics will revolve around the issue