Crypto futures go mainstream but will institutions buy them?
Unlike most derivatives, ‘perps’ do not have an expiry date
UK data centre start-up Nscale strikes $14bn Microsoft deal in push for IPO
Nvidia-backed AI cloud group secures huge new contract as chief executive eyes public listing in ‘back end of next year’
LVMH shares surge 12% as luxury powerhouse returns to growth
Group controlled by French billionaire Bernard Arnault leads rally across sector
Rachel Reeves suggests spending cuts and tax rises on way
UK chancellor faces fiscal shortfall that could exceed £30bn
Capita fined £14mn over theft of personal data in cyber attack
Hackers stole data of 6.6mn people in 2023 incident
Britain has lost control of its borders, home secretary admits
Shabana Mahmood says public trust in state will be weakened unless politicians ‘bring order’ to immigration
Stellantis plans $13bn US investment to beat Trump tariffs
Jeep owner to create 5,000 jobs in Illinois, Ohio, Michigan and Indiana, sparking fears over Canadian plant
Letter: EU must resist pressure to water down anti-deforestation law
From Rick Jacobsen, Senior Manager Commodities Policy, Environmental Investigation Agency (EIA) US, Washington, DC, US
Letter: Pioneering pop video
From Alessandro Lomi, Bologna, Italy
Letter: Courtauld cultural windfall
From John Green, Chairman, Catholics in Fundraising, London SE24, UK
Letter: The race to achieve sustainable aviation
From Maria Whittaker, Chief Corporate Social Responsibility Officer, Abra Group, Altrincham, UK
Letter: Steps to counter talk of an artificial intelligence bubble
From Michael Hobbs, Co-Founder & CEO, isAI Tech, London N13, UK
Letter: How pensioners may bear brunt of a property tax
From Jan Ledochowski, London KT3, UK
Letter: History and sociology have a role in economic models
From Ali M El-Agraa, Emeritus Professor of International Economic Integration, Fukuoka University, Japan, London BR6, UK
Letter: Inconsistency of politicians is what saps confidence
From Adam Bennett, Rolvenden, Kent, UK
UK vets face price caps after competition review
Watchdog finds regulatory system is ‘not fit for purpose’
Hamas releases the bodies of 4 hostages to Israel
Palestinian militant group’s move comes after Israeli authorities said they would impose limits on aid into Gaza
Transcript: Mission to Mars — The new space race
Peggy Hollinger talks to Jared Isaacman, Greg Autry and others
FTAV’s further reading
D’Angelo; crypto ATMs; 6-7; the AI bubble; Young Republicans; and humans
The real value trade is abroad
Plus, a warning for big dealmakers
NGOs raise alarm over case against Italy’s anti-graft prosecutors
Ex-head of Milan’s anti-corruption unit appealed conviction for withholding evidence in case against Eni/Shell
Nato debates how to beef up defences as Russia continues to probe
Also in this newsletter: Trump gushes over Meloni’s memoir while tariffs loom over Italian pasta industry
Central banks have been buying a squillion tonnes of gold, promise
Are the numbers real?
FirstFT: Top financiers warn of eroding lending standards
Also in today’s newsletter, OpenAI’s five-year proposal and EU plans to bypass US on climate