26-11-2025 11:37 via ft.com

FirstFT: China leapfrogs US in market for ‘open’ AI models

Also in today’s newsletter, crypto-hoarders dump tokens and Taiwan boosts defence spending
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Economy news



ECB rate-setters view inflation risks as ‘fairly balanced’
Germany’s Schumpeterian pains
FirstFT: The woman pushing for looser lending rules in the US
FirstFT: Business leaders chide Reeves’ Budget
Bank of Japan faces finely balanced December decision
Swiss politicians decry ‘gold bar diplomacy’ in Trump trade deal
Megadeals hit record as Wall Street’s animal spirits roar back
Megadeals hit new record as Wall Street’s animal spirits roar back
Beige Book shows US labour market deteriorated in November
Painful choices on welfare still lie ahead for Reeves despite tax rises
Millions face lower pensions after salary sacrifice changes
Podcast: The Wolf-Krugman Exchange returns
Tories accuse Reeves of taxing workers to pay for £9bn in extra welfare spending
BoE can cut rates despite a looser Budget than expected
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