Key Developments in Global Markets and Policies

The Financial Times covers pivotal stories including BT's setback with Sky choosing CityFibre, UK plans to raise social rents for affordable housing, the hiring of 100 intelligence officers, and EU tariffs on Tesla cars from China. Additionally, a US judge has blocked the FTC's ban on non-compete agreements.

BT faced a major setback as Sky selected CityFibre's network for a new broadband deal, intensifying the competition to deploy full fibre across the UK.

UK Chancellor Rachel Reeves revealed plans to significantly raise social rents over the next decade to stimulate affordable house building.

In efforts to increase the return of failed asylum seekers, the UK government will hire 100 intelligence officers and expand its immigration detention facilities.

The EU announced a 19% tariff on Tesla cars imported from China, a lower rate than for other Chinese-made electric vehicles.

A US judge ruled that the Federal Trade Commission lacks the authority to enforce a ban on non-compete agreements, striking down the FTC's recent efforts.

(With inputs from agencies.)