Nvidia can sell H200 AI chips to China, Trump says
President says other chipmakers can also resume exports and ‘25% will be paid’ to the US
Three-year temperature average set to exceed 1.5C for first time
Data shows 2025 is on track to be the third-warmest on record after November temperature rise of 1.54C
What IndiGo’s airport chaos says about Indian aviation
Also in this newsletter: Parliament to debate the revision of electoral rolls, and Farooq Adam’s mantra
China’s open-source AI is a national advantage
The models are akin to studying together to ace a test instead of relying on individual knowledge
Flight chaos brings India’s biggest airline back to earth
Low-cost carrier IndiGo’s cancellation of thousands of flights prompts passenger fury and regulator scrutiny
US judge strikes down Trump’s ban on new wind permits
Court vacates president’s January executive order that froze approval of new projects
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The FT invites readers to join our campaign to promote financial literacy in the UK and around the world
Letter: Doctors’ strike shows why UK needs a better cost of living index
From Paul Allin, Honorary Officer for Public Statistics, The Royal Statistical Society
Letter: Green activism — a reboot
From Barbara Mullarney, London W3, UK
Letter: Unflattering Flynn quote
From Jonathan Allum, Amersham, Buckinghamshire, UK
Letter: Two views on tackling poverty — both can’t be true
From David White, Mistley, Essex, UK
Fifa awards inaugural peace prize to Donald Trump
The countdown to the world’s first social media ban for children
Under-16s will no longer be able to subscribe to popular apps under Australian groundbreaking law
First Brands rescue loan tumbles in value as bankruptcy drags on
Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar
The art of colour drenching
Frankfurt-based designers and gallerists Johanna and Friedrich Gräfling on how using a single colour can bring warmth and calm to a space
UK employers less likely to disclose salary or to offer perks amid hiring slump
Share of job postings that included information on pay fell to 55 per cent in October, down 10 per cent on a year earlier
Hospitals in England see more patients but waiting lists scarcely fall
NHS data shows productivity growth in hospitals is rising more quickly than the government’s 2% target
Budget uncertainty blamed for sharp fall in card spending by UK consumers
The decrease is the largest since February 2021
FT Crossword: Number 18,234
PepsiCo reaches deal with activist Elliott to stave off proxy fight
Soda and snacks maker will cut costs and reduce prices but investment firm will not get a seat on its board
UK should boost tourism in offshore tax havens, says government adviser
Margaret Hodge urges Britain to help its overseas territories in return for them implementing financial transparency rules
Transcript: Whistleblowing in the UK, Episode 1 — The cost of speaking up
Michela Tindera talks to Martin Arnold, Daniel Sheard, George Patellis and Mary Inman
Zelenskyy says European allies close to finalising revised US peace plan
Ukraine’s president says progress made on security guarantees after London meeting but ceding territory remains an obstacle
FirstFT: Paramount launches $108bn hostile bid to buy Warner Bros Discovery
Also in today’s newsletter: Thailand strikes Cambodia, and Singapore fintech plots Silicon Valley expansion