We are setting up a generation to fail at school
The disturbing global decline in test results rests on wrong-headed curriculum changes
Financial Times — page 6
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Coverage, page 6
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Booming Brics payments systems seek more cross-border links
Government-backed networks such as UPI and Pix explore link-ups with central banks overseas
US limits air defence time slots for tankers sailing through Hormuz
Shift to two specified times daily follows increase in Iranian attacks
EU races to Le Pen-proof its agenda
Diplomats say Paris has urged bloc to agree budget and climate measures before French presidential election in April
Larry Ellison to sell up to $7.5bn worth of Oracle stock
Founder to offload as many as 50mn shares as company posts higher revenue from data centres but faces investor fears it is overcommitted to AI
Lone Pine’s co-CIO to join early SpaceX backer Atreides Management
Kelly Granat to join tech-focused investment firm set up by former Fidelity Investments star stock picker Gavin Baker
Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks
Move is likely to put further momentum behind fast-rising oil prices
Situational Awareness builds relationships with new brokers as it attempts rebound
Leopold Aschenbrenner’s hedge fund previously suffered billions of dollars in losses during AI sell-off
Is Bessent winning the wrong battle in markets?
Treasury secretary’s intervention in the yen has made an impact but US bond yields are climbing higher and higher
Military jet triggered UK’s latest air traffic meltdown
Flight plan submitted by one aircraft sparked turmoil that grounded thousands of planes this week
Why the AI race has its creators fearing human extinction
Advances in autonomous agents and bitter rivalry between Anthropic and OpenAI have pushed once-fringe fears into the mainstream
How both sides lost after 9/11
America lost wars and Osama bin Laden lost Saudi Arabia
US inflation held steady at 3.4% in August as high fuel prices persist
Figure comes ahead of high-stakes Fed meeting
Houthis seize Red Sea islands in lightning offensive
Latest advance against Saudi-backed forces cements Yemeni rebels’ control over vital shipping artery and roils energy markets
Time to start taking AI risks seriously
Governments promise a light-touch regulatory agenda amid growing threats
The day that blew America and the world off course
A quarter of a century later, the consequences of 9/11 have reshaped the global order
Yemeni militants used Anthropic AI to try to build ballistic missiles
Missile test by group apparently failed, but exposes limits of AI safeguards
IEA warns of ‘lost period’ in global oil demand
Strait of Hormuz will not reopen this year, agency says, warning of sharp drop in demand
Elliott veteran to lead Citadel’s international equities business
Ken Griffin’s hedge fund combines divisions as it seeks to deploy more firepower outside US
US diesel hits record $6 a gallon on Iran supply shock
Surging cost for fuel critical to agriculture and industry stokes price pressures as Americans confront affordability crunch