Jaguar goes for broke with new concept EV

‘It’s a concept vehicle’

Letter: Retail faces same quandary textiles and coal did in the 1980s

From A Mackie Ely, Cambridgeshire, UK

Letter: The term ‘green job’ is not properly understood

From Michael Cross, The Green Edge, Portsmouth, UK

Letter: Xi benefited most from Shanghai clique’s demise

From Zhao Xiaoou, Shanghai, China

Ireland urged to set aside more of its corporate tax windfall

Country’s independent fiscal watchdog calls for Norwegian-style approach to saving surplus cash

Letter: Britain must overcome its siloed thinking on China

From Connor Horsfall, London SW1A, UK

FT Crossword: Number 17,912

Macron faced with difficult choices after French government falls

President must find a new prime minister who can pass a budget by year’s end

South Korean defence minister resigns

Colombia finance minister resigns amid corruption probe

Ricardo Bonilla, the second person to hold the post under President Gustavo Petro, will be replaced by his deputy

World entering third nuclear age with few guardrails, UK military chief says

Radakin warns ‘dangerous’ new era involves proliferating and disruptive technologies

Starmer to take aim at Whitehall with new UK ‘mission’ targets

Prime minister will outline milestones as he faces plunging poll ratings

French parliament votes to oust Michel Barnier’s government

Premier’s administration collapses over its proposed deficit-cutting budget

FirstFT: South Korea’s Yoon faces pressure to resign

Also in this newsletter, French parliament votes to oust PM, and AstraZeneca appoints new China head

EU and South American bloc close to finalising Mercosur trade deal

European Commission president Ursula von der Leyen expected to head to Uruguay for summit this week

City minister warns FCA on ‘name and shame’ plans

Tulip Siddiq says UK financial watchdog should consider rowing back further on its proposals for company scrutiny

Powell ‘not concerned’ over risks Trump will stifle Fed independence

US central bank chief says his institution has ‘broad support’ on Capitol Hill

Musk plans to expand Colossus AI supercomputer tenfold

Facility in Memphis expected to incorporate more than 1mn GPUs as billionaire’s xAI aims to catch up with rivals

Crypto advocate Paul Atkins picked as SEC chair by Donald Trump

President-elect also names Gail Slater to run the antitrust unit at the justice department

High-profile South Korean cabinet ministers offer to resign

Moves pile pressure on President Yoon Suk Yeol to leave office after failed attempt to impose martial law

Police investigate Boohoo claims of stalking

ICO aware of claims of surveillance equipment outside offices of fast-fashion retailer

Romania blames Russia for election meddling

National Security Council declassifies evidence of Moscow’s ‘hybrid attacks’ benefiting pro-Putin Călin Georgescu

Trump nominates Peter Navarro as senior economic adviser

China hawk who served in president-elect’s first term was imprisoned for contempt of Congress over 2021 Capitol attack

Delaware struggles with Tesla investors’ disregard for governance

Elon Musk’s pay package case is heading for the state’s Supreme Court