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[EN] Financial Times

A grand palazzo overlooking Venice’s Piazza San Marco

The 1,000 square-metre space needs extensive renovation but Venice is increasingly sensitive about how its most historic buildings are used

Starmer promises increase in UK defence spending

‘I’ve increased my defence spending’

EU privacy watchdog opens probe into X over sexualised AI images

‘Large-scale’ inquiry is latest sign of how regulators are scrutinising the group’s Grok chatbot

A Hymn to Life — Gisèle Pelicot’s story of survival, courage and grace

What are we without our past? An extraordinary memoir documents Pelicot’s struggle to keep her identity alive in the aftermath of her husband’s monstrous crimes

FT Crossword: Number 18,296

Thomas Pritzker steps down as Hyatt executive chair over Epstein ties

Billionaire says he ‘exercised terrible judgment’ for maintaining contact with sex offender

BHP reports sharp rise in first-half profit amid strong demand for copper

World’s largest mining company says red metal accounts for more than half of core earnings

FirstFT: Fund managers take most bearish position on dollar for a decade

Also in today’s newsletter: UK proposes audit changes to attract Chinese listings, and Japan reports weak GDP data

Starmer cancels plans to delay 30 local council elections in England

Latest government U-turn comes after Reform UK launched legal action over proposal

EVs must be 70% made in the EU to qualify for state support, Brussels says

Draft legislation on local content by European Commission seeks to protect bloc’s manufacturing industries

Keir Starmer says Britain needs to ‘go faster’ on defence spending

Prime minister is said to be examining how to bring forward plans to spend 3 per cent of UK GDP on military

Europe’s path to security without the US

The heads of Nato and EU Commission offer competing visions. Both have a point

Fed set to loosen US bank rules in attempt to boost mortgage lending

Central bank plans to ease capital requirements in an effort to shift home lending back to banks, top official says

Lunar New Year brings nonstop nagging for childless Chinese

Young people are sharing tips on how to deflect parental inquisitions during the holidays

Hapag-Lloyd to buy Israel’s Zim in $4.2bn shipping deal

German group will carve out portion of business to serve trade routes into Israel

Rosebank Industries vows to keep London listing as it explores $3bn in US deals

Former Melrose boss Simon Peckham wants to continue with the ‘buy, improve, sell’ model as company heads for FTSE 250

Inside America’s Next Top Model — a grisly reckoning with 2000s reality television

A Netflix documentary on the controversial modelling competition suggests its creators have learnt little

Shadowlands — Hugh Bonneville is a lovestruck CS Lewis in poignant West End revival

Based on the author’s relationship with American poet Joy Davidman, the tender play at London’s Aldwych Theatre narrates the joy and grief of falling in love

Everything you thought about the US labour market is wrong

The conventional view has struggled to contend with robust economic growth

It’s time for the great and mostly pointless yearly analyst bake-off

For rankings to really matter, they should improve the end-product

Psychedelic found in ayahuasca shows anti-depression promise

Single dose of dimethyltryptamine curbed symptoms in small-scale trial

Africa needs its own credit rating agency

How and on what basis the continent’s governments can secure financing should not be based on external discretion

And the FTAV charts quiz winner is…

Tee to a you

Ed Miliband strikes clean energy deal with California’s Gavin Newsom

UK minister says agreement with US governor aims to boost technology sharing and mutual investment