Watch the FT Weekend festival session here.Ukraine’s Kursk offensive has dented Vladimir Putin’s war narrative and triggered “questions” among the Russian elite about the point of the war, two of the world’s leading spy chiefs have said.CIA director Bill Burns said Kursk was “a significant tactical achievement” that had boosted…

Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A US-Turkish dual citizen was shot dead by Israeli forces while protesting against Jewish settlements in the occupied West Bank on Friday, Turkey’s foreign ministry said.Ayşenur Ezgi Eygi, 26, was shot in…

The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump. The countries making up the organization will extend…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Is the AI bubble deflating, or only just getting going? Nvidia shed nearly half a trillion dollars in stock market value in the four trading sessions after its latest quarterly earnings, even…

After years of prolific growth, US dollar stores have hit a downturn. Dollar Tree (DLTR) shares plunged 20% Wednesday after the company cut its outlook for the rest of the year, citing “immense pressures” on its low- and middle-income customer base. Dollar Tree also owns the long-struggling Family Dollar chain.…

Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.Volvo Cars has abandoned its ambitious target to sell only electric cars by 2030 amid a global slowdown in growth for battery-powered vehicles.The Geely-owned Swedish group had been the first among traditional…

Costco customers are now paying more for their annual memberships for the first time since 2017. The retailer announced in July that membership fees would increase by $5 to $65 a year in the US and Canada for three of its plans: “Gold Star,” “Business” and “Business Add-On.” The changes…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel’s Prime Minister Benjamin Netanyahu has attacked the UK’s decision to suspend some export licences to the country used for arms in military operations in Gaza as “shameful”.The criticism came after Britain…

Linda Deutsch, a special correspondent for The Associated Press who for nearly 50 years wrote glittering first drafts of history from many of the nation’s most significant criminal and civil trials — Charles Manson, O.J. Simpson, Michael Jackson, among others — died Sunday. She was 80. Deutsch was diagnosed with…