Letter: Why memories of life in the old East Germany still resonate
From Harvey Clark Greisman, Wilmington, DE, US
Letter: Colleagues of Bonino recall an Italian radical
From Marco Cappato and Marco Perduca
Letter: Council libraries should be a redoubt of the print FT
From Raza Naqvi, London SW10, UK
Letter: Entrepreneurs — the last link in Schumpeter’s chain
From Steven Williams, Cataumet, MA, US
Letter: Economies need to look at taxing growth differently
From Christian Hadjiminas, President, Hellenic Entrepreneurs Association (EENE), Athens, Greece
Letter: The 2050 net zero target was never a sound goal
From Lesley Ellis, Reekitlane, Aberdeenshire, UK
Letter: Sceptic’s view of London’s push to promote cycling
From Andrew Seaton, London SE11, UK
Trump claims Triumphal Arch will be military complex
Trump rejects ‘globalist scheme’ to control AI in blow to Burnham
President says US is ‘leading over China by a lot and everyone else, and we’re going to keep it that way’
Qantas pushes ahead with new ultra-long flights despite high fuel prices
Chief executive Vanessa Hudson says Australian airline is confident demand for nonstop services is strong
Why EU companies are now helping Chinese ones expand into Europe
Many multinationals seem to be adopting an approach of ‘if you can’t beat them, join them’
FT Crossword: Number 18,487
FirstFT: Trump threatens to ‘annihilate’ Iran in combative UN speech
Also in today’s newsletter: Nasdaq 100 hits new high and China’s share of global container exports soars
Labour MPs call for end to loophole that trimmed billionaire’s tax bill by £18mn
Quadrature Capital’s Suneil Setiya would have been liable for higher rate of stamp duty had he not bought five flats together with London mansion
Transcript: Turkish dismay
Robert Armstrong speaks to John Paul Rathbone
US and Iran hold first talks since June as Trump threatens ‘annihilation’
President says Steve Witkoff and Jared Kushner had ‘good meeting’ with Iranian delegation on the sidelines of the UN gathering
Trump says he would back US diesel export ban
President’s support for suspending foreign sales comes as conflicts in Middle East and Ukraine send price of vital fuel soaring
Anthropic and OpenAI release cheaper models as price war intensifies
New Claude and ChatGPT tools slash costs from earlier versions while promising better performance
Nasdaq 100 rises to new high as ‘AI Fomo’ returns
Tech-heavy index recovers from summer sell-off
Top UK graft prosecutors joined Trump’s Venezuela oil baron during Swiss probe
Alejandro Betancourt was previously wanted by authorities in Switzerland as part of a money-laundering investigation
US government and Gulf billionaires back Todd Boehly bid for Lukoil assets
Consortium aims to unseat Carlyle, which struck deal to buy Russian group’s international business in January
Turkish dismay
The ‘Ponzi-like scheme’ making waves on the Bosphorus
Burnham says world must ‘rise to the moment’ on AI
UK Prime Minister says he anticipates AI will also be a ‘source of disruption to the way we live and work’
Royal Caribbean nears deal for Sandals valuing resorts at more than $6bn
Transaction would be largest in cruise operator’s history as it moves to cater to tourists on land as well as sea