Letter: Brussels’ nuclear power incentives offer a model for the UK
From Vince Zabielski, Partner, Pillsbury; Former Nuclear Engineer; and Senior Nuclear Counsel for UAE Nuclear New-build Programme, London EC2, UK
Letter: VAT reform? Here’s why it will be difficult to achieve
From Andrew Oury, Owner and Partner, Oury Clark, London WC1, UK
Letter: A high street conundrum
From Abigail Perez, London EC2, UK
Stray piece of SpaceX rocket crashes on moon
‘Where were our interceptors?’
‘Every dollar is mobile’: California’s rich snap up New Zealand ‘golden visas’
Applications for indefinite right to work, live and study in the country have risen after rules were eased
Glencore takes a smart shortcut to triple nationality
Issuing depository receipts in Sydney will enable Australia’s mining investors to buy and sell its shares in a local wrapper
FT Crossword: Number 18,445
Gianni Infantino admits ‘mistakes’ over failed $20bn Fifa investment plan
President seeks to move on from saga that undermined world football’s governing body
FirstFT: China launches global tax hunt
Also in today’s newsletter: Google DeepMind CEO Demis Hassabis steps down and Iran says agreement reached with Oman on Hormuz shipping route
‘Toy Story 5’ box office boosts Disney as US theme parks rebound
Shares rise as entertainment group increases buyback plan
US puts $25mn bounty on top Mexican drug cartel leader
Trump administration makes offer for information on Juan Carlos Valencia González as part of package of up to $102mn in rewards
LIV Golf pursues ‘grand bargain’ with Saudi wealth fund and BC Partners
Potential investors seek assurances that the lossmaking tour’s star players will stay on
Iran says it has reached agreement with Oman on Hormuz shipping route
Islamic republic is determined to retain a degree of control over the chokepoint
Big US hedge funds targeted by wave of cyber attacks
Point72 and Citadel among firms hit by audio phishing schemes
Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout
Announcement by Dutch owner of Raleigh and Babboe brands follows four difficult years since it was taken private
JPMorgan poaches M&A banker Amy Lissauer from Bank of America
Executive will lead activism defence practice at biggest US lender
Google DeepMind CEO Demis Hassabis steps aside in shake-up of AI lab
Chief scientist Jeff Dean leaves the group to found his own start-up
Badenoch ‘sad’ over former antisemite’s withdrawal as Tory council candidate
Joshua Bonehill-Paine says he will now advise Conservative Party on its culture and integration commission
How to solve Britain’s prisons crisis
It will require changes to sentencing as well as building more capacity
Europe must do more to harness its AI ambitions
The US and China use the technology as an instrument of state power, while the EU is still considering its course
Israel launches strikes on Lebanon in new flare-up
Israeli military issues first evacuation order in over a month amid renewed efforts to de-escalate tensions in the region
Bodycote gets twin private equity bids as buyers feast on London market
Separate offers from CVC and Veritas value FTSE 250 industrials group at about £1.8bn including debt
Musk’s SpaceX unnerves investors with lavish AI spending plans
Shares slide even as group says its quarterly revenues nearly doubled
Sheikh Hasina vows to return to Bangladesh despite death sentence
Exiled former prime minister’s plans pose political test for new government in Dhaka