Mamdani wins NYC as Democrats sweep key races in blow to Trump
Left-wing candidate who shocked political establishment will be first Muslim to lead US’s biggest city
Modi’s BJP heads into tough election in India’s poorest state
Outrage over voter roll purge and caste issues cloud closely fought poll in northern Bihar
Letter: EU due diligence law breaches norms of extraterritoriality
From Carmen Reynolds, London SW3, UK
Global stocks fall as US sell-off over AI valuations spreads
Decline in Asian markets led by companies most exposed to demand for artificial intelligence
FT Financial Literacy and Inclusion Campaign
The FT invites readers to join our campaign to promote financial literacy in the UK and around the world
Letter: Bessent draws the wrong lesson from Clinton era
From Willem Thorbecke, Tokyo, Japan
Letter: Coastal communities must be part of the conversation
From Polly Billington MP and Chris Webb MP, Members of Parliament, House of Commons, London SWI, UK
Letter: US rare earths dependency — causes are closer to home
From Luke Popovich, Washington, DC, US
Letter: Plea for intervention in British Library pay dispute
From Nicholas Kochan, British Library User, London N8, UK
EU leaders to skip summit in Colombia after Trump sanctions
German chancellor, French president and European Commission chief cancel plans to attend regional meeting
Reeves to urge insurance bosses to increase investment in London
Chancellor due to meet representatives from Lloyd’s of London, Hiscox and Convex
AI to power new fight against scam callers
UK telecoms groups to block ‘number spoofing’ scams from criminals in overseas call centres
Rachel Reeves paves way for tax rises
FT Crossword: Number 18,205
JPMorgan discloses US inquiry into alleged debanking practices
Political flashpoint emerged during Biden administration as clients claimed they were denied service for political reasons
Letter: China’s aggressive trade stance has a certain logic
From Robert H Wade, Professor of Global Political Economy, London School of Economics, UK
Letter: One way to define the eligibility of the Brit Isa
From Keith Wallace, London EC2, UK
Brussels and Liège airports close after drone sightings
Belgium’s security services investigate the latest incidents to highlight the vulnerability of European airspace
Letter: Don’t blame Merlin for Blackpool Tower’s problems
From Peter Loschi, Oldham, Lancashire, UK
Letter: Axa vs French state: bond differential is not a quirk
From Piers D Watson, Sydney, Australia
US stocks slide as investors fret over high valuations for AI companies
Cautious comments from top bank executives add to jittery sentiment on Wall Street
Letter: How to end tax-induced migration for super-rich
From Randall Stempler, New York, NY, US
All schoolchildren in England to be taught financial literacy
Major changes to curriculum also include teaching about fake news and climate change
Canada’s Carney pledges C$141bn to counter Trump’s trade war
Prime minister’s first budget will nearly double the country’s deficit