EQT to buy Range Resources in $50bn North America gas deal

Combination set to create largest natural gas producer in the US

FirstFT: How Lula pulled off a stunning victory

Also in today’s newsletter: partner chosen to lead Weil, Gotshal & Manges changes her mind, and Venezuelan opposition leader returns to Caracas

Andy Burnham stokes Brexit debate ahead of UK-EU summit

Prime minister says he would like to see Britain rejoin EU ‘in my lifetime’ but stressed he would not get ahead of public opinion

Iran hosts regional powers for talks to prevent renewed escalation

Senior security officials from Saudi Arabia, Pakistan and Turkey to meet Iranian counterparts in Tehran on Monday

Five big challenges John Healey is likely to kick down the road

Chancellor is deferring big decisions on defence and welfare

Serbia’s ex-president Vučić concedes defeat to Student List

Parliamentary election loss marks a dramatic fall from power for strongman as near-record turnout favours grassroots party

Lula is re-elected Brazil’s president in knife-edge vote

Victory of 80-year-old leftist over Flávio Bolsonaro is blow to Trump’s plan for greater US influence in Latin America

Oil price falls back as traders remain focused on Middle East conflict

International benchmark eases after soaring to $117 late last week

Singapore to store Saudi oil in underground caverns

Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption

FTAV’s further reading

Payoffs; capture; derivatives; creative writing; hitmen; price discovery; jellyfish; hot girls; peptide parties

How Lula turned his election fortunes around in three weeks

With an energetic online push and social giveaways, Brazil’s president reignited his campaign between the first and second rounds

Vučić’s defeat opens door for Serbia to reheat frigid EU ties

Also in this newsletter: Meloni’s electoral overhaul faces legal challenge

The reclusive quant billionaire

Plus, Calpers sells Big Tech, French borrowing costs and Pre-Raphaelites at the Laing Gallery

The rise and fall of the £150bn ‘diversified growth fund’ phenomenon

What the investment experiment taught us about the asset management industry

Alexandra Wilson-Elizondo: ‘People are asking the wrong question’

Plus, top-heavy earnings growth in the S&P 500

Fed to stick with quarterly rate rises as it removes 2025 insurance cuts

Read the Monetary Policy Radar team’s October scenario for the Federal Reserve

The best of TV and streaming this week

Gen-Z sex comedy ‘It Gets Worse’, horror prequel ‘Crystal Lake’ and more. Reviews by Rebecca Nicholson

Transcript: Serbia’s strongman leader voted out

Josh Gabert-Doyon speaks with Eva Xiao and Harry Dempsey

EU weighs mirroring Trump in securing critical minerals

Lawmakers propose Brussels take equity stakes in raw material projects modelled on US and Japan

UK financial ombudsman hits phones to cut through AI hallucinations

Public sector bodies and courts are being weighed down by tech-assisted complaints that are lengthy and inaccurate

Deloitte boss gets 45% pay rise as firm cuts jobs

Big Four accounting firm overhauls UK partnership to widen ownership group but reduces shares for newcomers

Germany to tap Ukrainian tech with missile purchase

Bars strike system would be first offensive weapon developed in Ukraine to be purchased by the Bundeswehr

Bid for lunch with a top FT journalist in our charity auction

The FT’s financial education charity is celebrating its fifth birthday

Oxford Street’s pedestrian revolution is finally here

UK’s leading shopping parade embarks on a controversial transformation project