Plans for a code on how AI models can use copyrighted materials have stalled in the UK, and US forces carried out strikes against Iran-backed militants over the weekend. Plus, the FT’s Owen Walker explains why the tides are turning against European banks.

Mentioned in this podcast:

Turkey central bank governor quits and points to campaign against her

BNP Paribas shares fall after downgrade to profit target

Deutsche Bank pledges to boost dividend and cut jobs

Santander earnings boosted by strong performance in Europe

Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit

Turkey’s central bank rocked by another leadership shake-up

US and UK hit Houthis in fresh air strikes against Iran-backed militias

UK shelves proposed AI copyright code in blow to creative industries

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Saffeya Ahmed, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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