Profits stall at London’s ‘magic circle’ law firms during pivotal US expansion
Rising salary costs and decline in dealmaking hits earnings at City’s international law firmsMergers & Acquisitions
Pakistan PM Shehbaz Sharif vows to punish attackers after bomb attack
At least 40 dead in one of country’s worst terrorist assaults in recent yearsTerrorism
Investment flows poised for historic shift after ‘giant leap’ by Bank of Japan
Analysts hail ‘de facto abolishment’ of Japanese government bonds cap but caution against predictions of tighteningCentral banks
Lebanon fails to find successor to central bank chief as term ends
Deputy governors to meet government to broker deal and agree on radical set of economic measuresCentral banks
FirstFT: European carmakers backed to beat cheap Chinese EVs
Also in today’s newsletter, the latest drone attack on Moscow and Blackstone’s Breit sells property to finance AI pushElectric vehicles
Pressure mounts on UK financial regulator to overhaul bank rules for politicians
Grant Shapps and Richard Tice say they have had difficulties with accounts as fallout over Farage ‘debanking’ continuesFinancial & markets regulation
European car industry can withstand cheap Chinese EVs, Bruno Le Maire says
French finance minister backs new subsidies that will take into account producers’ emissionsElectric vehicles
What’s wrong with tech giants riding the AI wave
It is dysfunctional for the same companies to dominate another innovation surgeArtificial intelligence
Energy groups mount campaign against tough US clean hydrogen rules
Oil majors and utilities seek tax credits for projects powered in part by fossil fuelsRenewable energy
Drones strike towers in Moscow’s business district
Area is home to many leading Russian companies, such as VTB Bank and Norilsk NickelDrones