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Israel marks first anniversary of Hamas attacks

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Israel marks first anniversary of Hamas attacks

This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here

Hello and welcome to the working week.

It is going to be a difficult start to the next seven days for many as Israel marks the first anniversary of the Hamas attacks when more than 1,200 people were killed and 251 people were taken hostage. Benjamin Netanyahu’s government and military leaders hit back and the conflict has escalated over the past 12 months.

But on Monday, people will stop to remember. Thousands of Israelis are expected to pay their respects at the Nova Music Festival memorial, the location of a rave where Hamas killed 364 and kidnapped 44 partygoers and staff a year ago. Others will travel to Hostages Square in Tel Aviv, where families and supporters have campaigned for the release of those taken. Memorials will be held in various communities that lost neighbours and relatives in the attacks, notably Kibbutz Be’eri, where more than 100 people were killed and 32 taken hostage.

On a more uplifting track, this week will bring rolling announcements on the winners of this year’s six Nobel Prizes. Given the war in the Middle East and beyond, interest in the Peace Prize, announced on Friday, is likely to be high.

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The corporate world takes up a lot of the news diary slack this week as we find ourselves deep in the earnings season. The big moment will be the Wall Street banks, which begin reporting on Friday. I’m not sure they will be mentioning this, but I’d recommend reading the excellent analysis of the rise of secretive trading firms such as Jane Street and Citadel Securities by US banking editor Joshua Franklin.

And then there is the long-awaited Robotaxi launch event by Tesla in Los Angeles on Thursday. What will they cost? When will they be ready to hit the streets? And does this mean Tesla owners can list their cars to be used for ride-hailing? All important questions.

Economic data is on the thin side this week, with US and German inflation figures and a UK monthly GDP estimate about the best of it. More details below.

One more thing . . . 

The matter of Parkrun is also a cause of division, but thank you to everyone who got in contact about it to share your passion for getting your running shoes on or about other group outdoor pursuits. Saturday will bring an outdoor event I could get into: The Peckham Conker Championships. Organisers are promising a 22-carat golden conker — I think it may be spray painted — but it does sound fun.

I’m interested in your priorities for the week ahead. Drop me a line at jonathan.moules@ft.com or, if you are reading this from your inbox, hit reply. And have a good week.

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Key economic and company reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

  • Germany: August manufacturing, new orders and sales index

  • UK: Halifax House Price Index

  • Results: Ferrexpo Q3 production report, Grainger trading statement, Repsol trading statement, Shell Q3 quarterly update

Tuesday

  • October Prime Day, a global ecommerce shopping event by Amazon, offering deals to its Prime members in 19 countries

  • Germany: August industrial production index

  • UK: British Retail Consortium-KPMG Retail Sales Monitor

  • Results: Imperial Brands pre-close trading update, OMV Q3 trading update, PepsiCo Q3, S&U HY, Unite Group trading update, XP Power Q3 trading update

Wednesday

  • Witan Investment Trust hold a second general meeting of shareholders to vote on the proposed winding-up of the company and combination with Alliance Trust. If approved, the deal is expected to complete shortly after the meeting by means of a voluntary liquidation of the company and combination of the two companies to create Alliance Witan

  • US: Federal Open Market Committee meeting minutes published

  • Results: CMC Markets HY pre-close trading update, Marston’s trading update

Thursday

  • Tesla due to unveil its Robotaxi, a launch event postponed, according to post on X (formerly Twitter) by chief executive Elon Musk, because of a design change

  • UK: Royal Institution of Chartered Surveyors Residential Market Survey

  • US: September consumer price index (CPI) inflation rate data

  • Results: Delta Air Lines Q3, Domino’s Pizza Q3, Fast Retailing FY, Liontrust Asset Management HY trading update, Seven & i Holdings Q2, Tata Consultancy Services Q2, Treatt FY trading update, Volution Group FY

Friday

  • Germany: final September CPI and Harmonized Consumer Price Index inflation rate measures

  • UK: August GDP estimate

  • US: September producer price index (PPI) inflation rate data. Plus, University of Michigan consumer sentiment index

  • Results: Bank of New York Mellon Q3, BlackRock Q3, Hays Q1 trading update, JPMorgan Chase Q3, Jupiter Fund Management Q3 trading update, Wells Fargo Q3

World events

Finally, here is a rundown of other events and milestones this week.

Monday

  • Israel: first anniversary of the Hamas attacks on Israel that caused more than 1,200 deaths with hundreds taken hostage

  • Laos: Asean Business and Investment Summit bringing together more than 1,000 CEOs and senior executives with world leaders begins, running alongside the Asean Summit

  • Philippines: South Korean President Yoon Suk Yeol meets President Ferdinand Marcos Jr for bilateral talks in Manila. The two are expected to sign an agreement and issue joint statements after the meeting

  • Sweden: Nobel Prize in Physiology or Medicine announced, the first of several science prizes that will be given out over the coming todays. Tomorrow is physics, followed by chemistry on Wednesday

Tuesday

  • Luxembourg: Economic and Financial Affairs Council (Ecofin) meeting of EU finance ministers.

  • UK: Alexander Darwall and his wife Diana Darwall bring an appeal against the decision of the UK Court of Appeal that the Dartmoor National Park Authority can allow wild camping in the national park. The Darwalls own the 4,000-acre Blachford Estate in Dartmoor and previously won a High Court case ruling that there was no right to wild camp on Dartmoor without the landowner’s permission. The Court of Appeal overturned that decision

  • US: Republican presidential nominee Donald Trump participates in a town hall presented by Spanish-language network Univision

Wednesday

  • 150th anniversary of the Universal Postal Union under the Treaty of Bern, which unified a complex maze of postal services and regulations into a single postal territory and allowed for the growth of global post deliveries

  • Mozambique: presidential and parliamentary elections

  • UK: Conservative MPs start voting to determine the final two candidates vying to become the party’s next leader, after Rishi Sunak announced his resignation in the wake of the party’s heavy general election defeat. The outcome is announced tomorrow. Party members will then vote on these two options

Thursday

  • World Mental Health Day, raising public awareness about mental health issues

  • Sweden: Nobel Prize for Literature announced

  • UK: Unleashed, a memoir of former prime minister Boris Johnson, is published. The pre-publication publicity promises revelations on campaigning for Brexit, how he nearly died from Covid-19, bikes, buses and the London Olympics

  • US: President Joe Biden begins trip to Germany and Angola

  • US: Democratic presidential nominee Kamala Harris participates in a town hall presented by Spanish-language network Univision

Friday

  • Greece: government due to present a revised national climate plan, with more ambitious targets for the share of renewable power in its electricity mix and lower carbon emissions

  • Sweden: Nobel Peace Prize winner announced

Saturday

  • Spain: National Day, aka Dia de la Hispanidad, commemorating the day in 1492 when Christopher Columbus caught sight of the New World. Includes annual military parade in Madrid

  • UK: Peckham’s annual conker championship returns

Sunday

  • China: publishes September CPI and PPI inflation rate figures

  • Lithuania: parliamentary elections

  • UK: Prime Minister Sir Keir Starmer’s first 100 days in office

  • US: John Donahoe retires as Nike president and chief executive. Elliott Hill succeeds him tomorrow

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Rubio’s Absence From Iran Talks Highlights Stay-at-Home Role

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Rubio’s Absence From Iran Talks Highlights Stay-at-Home Role

When President Barack Obama negotiated a nuclear deal with Iran more than a decade ago, his point man was Secretary of State John Kerry. Over 20 months of talks, Mr. Kerry met with his Iranian counterpart on at least 18 different days, often several times per day.

High-level nuclear diplomacy was a natural role for the top U.S. diplomat. Secretaries of state traditionally take the lead on the country’s biggest diplomatic tasks, from arms control treaties to Israeli-Palestinian agreements.

But as President Trump prepares to send a delegation to the latest round of U.S.-Iran talks in Pakistan this weekend, his secretary of state, Marco Rubio, will remain where he often does: at home.

Mr. Rubio did not attend the last U.S. meeting with Iran earlier this month. Nor did he join several meetings held over the past year in Geneva and Doha. Mr. Rubio has also been absent from U.S. delegations abroad working to settle the war in Ukraine and Israel’s war in Gaza. Despite a long period of crisis and war in the region, he has not visited the Middle East since a brief stop in Israel last October.

In recent months, Mr. Rubio — consumed with his second role, as Mr. Trump’s national security adviser — has not traveled much at all.

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During the Biden administration, Secretary of State Antony J. Blinken made 11 foreign trips from January 2024 to late April 2024, stopping in roughly three dozen cities, according to the State Department. So far this year, Mr. Rubio has visited six foreign cities, including a stop in Milan for the 2026 Winter Olympics.

Mr. Trump has outsourced much of his diplomacy to others, including his friend Steve Witkoff, a wealthy associate from the world of Manhattan real estate, and his son-in-law, Jared Kushner. Mr. Witkoff and Mr. Kushner have spearheaded diplomacy with Israel, Ukraine and Russia, as well as Iran, whose delegation they will meet for the second time this month in Islamabad, Pakistan’s capital.

Mr. Rubio’s distance from the trenches of diplomacy reflects his dual role on Mr. Trump’s national security team. For the past year, he has served as the White House national security adviser even while leading the State Department — the first person to do so since Henry A. Kissinger in the mid-1970s.

The secretary of state runs the State Department, overseeing U.S. diplomats and embassies worldwide, as well as Washington-based policymakers. Working from the White House, the national security adviser coordinates departments and agencies, including the State Department, to develop policy advice for the president.

The twin roles reflect Mr. Rubio’s influence with Mr. Trump, and offer him a way to maintain it. For Mr. Rubio, less time abroad means more time at the side of an impulsive president prone to making critical national security decisions at any moment.

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As Mr. Witkoff, Mr. Kushner and Vice President JD Vance met with Iranian officials in Pakistan earlier this month, Mr. Rubio was at Mr. Trump’s side at an Ultimate Fighting Championship event, noted Emma Ashford, an analyst of U.S. diplomacy at the nonpartisan Stimson Center in Washington. “Rubio clearly prefers to stay close to Trump,” Ms. Ashford said.

Mr. Rubio accepted the national security adviser job on an acting basis last May after Mr. Trump reassigned the job’s previous occupant, Michael Waltz. But officials say that Mr. Rubio is expected to keep it indefinitely.

That arrangement is not inherently bad, Ms. Ashford added. And she noted that previous presidents had entrusted major diplomatic tasks to people other than the secretary of state. President Joseph R. Biden Jr. delegated his C.I.A. director, William J. Burns, to handle diplomacy with Russia and cease-fire negotiations between Israel and Hamas, for instance.

But she echoed the complaints by many current and former diplomats that Mr. Rubio seems less like someone performing both jobs than a national security adviser who sometimes shows up at the State Department. “I do think it’s to the detriment of the whole department of State and to America’s ability to conduct diplomacy in general that we effectively have the secretary of state position sitting vacant,” she said.

Tommy Pigott, a State Department spokesman, contested such claims. “Anyone trying to paint Secretary Rubio’s close coordination with the White House and other agencies as a negative could not be more wrong,” he said. “We now have an N.S.C. and State Department that are totally in sync, a goal that has eluded past administrations for decades.”

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Mr. Rubio divides his time between the State Department and the White House, often spending time at both in the same day. In an interview with Politico last June, Mr. Rubio said he visited the State Department “almost every day.”

While there, he often meets with visiting dignitaries before returning to the White House. Last week, Mr. Rubio presided over a meeting at the State Department between Lebanese and Israeli officials that set the stage for a cease-fire in Lebanon.

His twin jobs “really do overlap in many cases,” he said. “In many cases you end up being in the same meetings or in the same places; there’s just one less person in there, if you think about it,” Mr. Rubio added. “A lot of people would come to Washington, for example, for meetings, and they’d want to meet with the national security adviser and then meet with me as secretary of state. Now they can do both in one meeting.”

Asked about his travel schedule during a news conference last December, Mr. Rubio said he had less reason to travel abroad because “we have a lot of leaders constantly coming here” to visit Mr. Trump at the White House. Mr. Rubio also joins Mr. Trump’s foreign trips in his capacity as national security adviser.

Many national security veterans call the arrangement unwise, saying that both jobs are extremely demanding and incompatible with one another.

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It was not easy even for Mr. Kissinger, who had firmly established himself over more than four years as national security adviser before convincing President Richard M. Nixon to let him take on an additional role as secretary of state in 1973. (In a reversal of Mr. Rubio’s approach, Mr. Kissinger was in constant motion, including a round of Middle East shuttle diplomacy that kept him on the road for 33 straight days.)

“In general, it’s a mistake to combine those roles,” said Matthew Waxman, who held senior roles at the National Security Council, State Department and the Pentagon during the George W. Bush administration.

“That said, it’s not necessarily a bad thing that a dual-hatted Rubio is so offscreen right now,” Mr. Waxman added. “Especially while so much attention is focused on high-wire diplomacy with Iran, someone needs to manage foreign policy around the rest of the world.”

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Appeals court rules that Trump’s asylum ban at the border is illegal

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Appeals court rules that Trump’s asylum ban at the border is illegal

President Trump speaks during an event on health care affordability in the Oval Office at the White House on Thursday in Washington.

Mark Schiefelbein/AP


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Mark Schiefelbein/AP

WASHINGTON — An appeals court on Friday blocked President Trump’s executive order suspending asylum access at the southern border of the U.S., a key pillar of the Republican president’s plan to crack down on migration.

A three-judge panel from the U.S. Court of Appeals for the District of Columbia Circuit found that immigration laws give people the right to apply for asylum at the border, and the president can’t circumvent that.

The court opinion stems from action taken by Trump on Inauguration Day 2025, when he declared that the situation at the southern border constituted an invasion of America and that he was “suspending the physical entry” of migrants and their ability to seek asylum until he decides it is over.

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The panel concluded that the Immigration and Nationality Act doesn’t authorize the president to remove the plaintiffs under “procedures of his own making,” allow him to suspend plaintiffs’ right to apply for asylum or curtail procedures for adjudicating their anti-torture claims.

“The power by proclamation to temporarily suspend the entry of specified foreign individuals into the United States does not contain implicit authority to override the INA’s mandatory process to summarily remove foreign individuals,” wrote Judge J. Michelle Childs, who was nominated to the bench by Democratic President Joe Biden.

“We conclude that the INA’s text, structure, and history make clear that in supplying power to suspend entry by Presidential proclamation, Congress did not intend to grant the Executive the expansive removal authority it asserts,” the opinion said.

White House says asylum ban was within Trump’s powers

The administration can ask the full appeals court to reconsider the ruling or go to the Supreme Court.

The order doesn’t formally take effect until after the court considers any request to reconsider.

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White House press secretary Karoline Leavitt, speaking on Fox News, said she had not seen the ruling but called it “unsurprising,” blaming politically-motivated judges.

“They are not acting as true litigators of the law. They are looking at these cases from a political lens,” she said.

Leavitt said Trump was taking actions that are “completely within his powers as commander in chief.”

White House spokeswoman Abigail Jackson said the Department of Justice would seek further review of the decision. “We are sure we will be vindicated,” she wrote in an emailed statement.

The Department of Homeland Security said it strongly disagreed with the ruling.

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“President Trump’s top priority remains the screening and vetting of all aliens seeking to come, live, or work in the United States,” DHS said in a statement.

Advocates welcome the ruling

Aaron Reichlin-Melnick, senior fellow at the American Immigration Council, said that previous legal action had already paused the asylum ban, and the ruling won’t change much on the ground.

The ruling, however, represents another legal defeat for a centerpiece policy of the president.

“This confirms that President Trump cannot on his own bar people from seeking asylum, that it is Congress that has mandated that asylum seekers have a right to apply for asylum and the President cannot simply invoke his authority to sustain,” said Reichlin-Melnick.

Advocates say the right to request asylum is enshrined in the country’s immigration law and say denying migrants that right puts people fleeing war or persecution in grave danger.

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Lee Gelernt, attorney with the American Civil Liberties Union, who argued the case, said in a statement that the appellate ruling is “essential for those fleeing danger who have been denied even a hearing to present asylum claims under the Trump administration’s unlawful and inhumane executive order.”

Las Americas Immigrant Advocacy Center, one of the plaintiffs in the lawsuit, welcomed the court decision as a victory for their clients.

“Today’s DC Circuit ruling affirms that capricious actions by the President cannot supplant the rule of law in the United States,” said Nicolas Palazzo, director of advocacy and legal Services at Las Americas.

Judge Justin Walker, a Trump nominee, wrote a partial dissent. He said the law gives immigrants protections against removal to countries where they would be persecuted, but the administration can issue broad denials of asylum applications.

Walker, however, agreed with the majority that the president cannot deport migrants to countries where they will be persecuted or strip them of mandatory procedures that protect against their removal.

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Judge Cornelia Pillard, who was nominated by Democratic President Obama, also heard the case.

In the executive order, Trump argued that the Immigration and Nationality Act gives presidents the authority to suspend entry of any group that they find “detrimental to the interests of the United States.”

The executive order also suspended the ability of migrants to ask for asylum.

Trump’s order was another blow to asylum access in the U.S., which was severely curtailed under the Biden administration, although under Biden some pathways for protections for a limited number of asylum seekers at the southern border continued.

Migrant advocate in Mexico expresses cautious hope

For Josue Martinez, a psychologist who works at a small migrant shelter in southern Mexico, the ruling marked a potential “light at the end of the tunnel” for many migrants who once hoped to seek asylum in the U.S. but ended up stuck in vulnerable conditions in Mexico.

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“I hope there’s something more concrete, because we’ve heard this kind of news before: A district judge files an appeal, there’s a temporary hold, but it’s only temporary and then it’s over,” he said.

Meanwhile, migrants from Haiti, Cuba, Venezuela and other countries have struggled to make ends meet as they try to seek refuge in Mexico’s asylum system that’s all but collapsed under the weight of new strains and slashed international funds.

This week hundreds of migrants, mostly stranded migrants from Haiti, left the southern Mexican city of Tapachula on foot to seek better living conditions elsewhere in Mexico.

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A New Worry for Republicans: Latino Catholics Offended by Trump

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A New Worry for Republicans: Latino Catholics Offended by Trump

When Stuart Sepulvida arrives at St. Francis de Sales Roman Catholic Parish in Tucson, Ariz., for Mass, which he attends most mornings, he passes a display honoring local soldiers and encouraging parishioners to pray for their safety. Hundreds of small cards record their names: Robles, Arenas, Grajeda. A portrait of Pope Leo XIV hangs across the lobby.

Mr. Sepulvida, 81, is a Vietnam veteran whose patriotism and Catholicism are deeply intertwined. He voted for President Trump three times but has never felt more betrayed by an American president than when Mr. Trump denounced Pope Leo as “weak on crime” and “terrible for foreign policy.”

“It was very disturbing to me to hear both of them clashing like they did,” Mr. Sepulvida said, standing outside the church one morning this week. Now, he is reconsidering whether he will vote Republican this year.

The Republican Party is struggling to hold onto the support from Hispanic voters who helped propel Mr. Trump back into the White House in 2024. Yet as many party leaders have acknowledged the urgent need to stop the backsliding among Latinos, the president has enraged many of even his strongest supporters by clashing with the pope.

On Easter Sunday, Pope Leo, the first U.S.-born pontiff, spoke of the need to “abandon every desire for conflict, domination and power, and implore the Lord to grant his peace to a world ravaged by wars.” Within days, Mr. Trump, who has led the United States into a war with Iran, said the pope was “catering to the radical left” and posted an AI-generated image portraying himself as a Jesus figure. Mr. Trump later deleted the image, saying he thought it depicted him as a doctor.

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“It just isn’t what a president should do,” Mr. Sepulvida said. “The pope speaks for his people. He is beyond politics.”

Mr. Trump won 55 percent of Catholic voters in the 2024 election, compared to 43 percent who voted for former Vice President Kamala Harris, according to Pew Research Center. The most sizable gains came from Hispanic Catholics. While Joseph R. Biden Jr. won their votes by a 35-point margin in 2020, the Democratic advantage shrunk to 17 points in 2024. Now, just 18 percent of Hispanic Catholics said they support most or all of President Trump’s agenda, according to a poll from Pew released earlier this year.

If the president’s quarrel with the pope sours more Latinos on the Republican Party, it could affect midterm races across the country, including in South Florida and South Texas, where Republicans have notched important victories in predominantly Hispanic districts in recent years.

In Arizona’s Sixth Congressional District, which stretches from north of Tucson to the Mexican border, voters were still grappling with the fallout this week.

The district is roughly evenly divided among Republicans, Democrats and independent voters. Nearly a third of the district is Hispanic, and there is a significant population of members of the Church of Jesus Christ of Latter-day Saints, as well as a large Catholic community with deep history in the region. It also has one of largest numbers of military veterans of all congressional districts in the country.

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“The president is looking for a lot of attention from everything,” said Maria Ramos, 60, who regularly attends weekday Mass at St. Francis. A registered independent, she usually votes for Democrats but often declines to cast a ballot if she views a candidate as too liberal. “He believes he can put God in his place. He’s meddling in countries that he’s not in control of — he wants to control the world.”

“It is not just a very serious lack of respect — it is a mortal sin,” she said, shaking her head. One word comes to her mind again and again, she said: disgust.

Like so many others in southern Arizona, Ms. Ramos has several relatives who serve in the military — a path they saw to both serve the country and as an entry into the stable middle class. Many of them, she said, voted for Mr. Trump for president.

The Tucson district is now widely seen as one of the most competitive in the country. Republican Juan Ciscomani narrowly won the district in 2022, in part by emphasizing his biography as a Mexican immigrant and a devoted father of six children. He is also an evangelical Christian, a group that has driven much of the growth among Hispanic Republican voters in recent years.

Mr. Ciscomani declined a request for an interview, but when a local radio host asked Mr. Ciscomani what he thought of Mr. Trump’s comments “as a man of faith,” the congressman declined to criticize the president but said, “You can trust that you won’t see any meme like that coming out of my account.”

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JoAnna Mendoza, the Democrat challenging Mr. Ciscomani this fall, has made her 20-year career in the U.S. Navy and Marines a key aspect of her story on the campaign trail. While she rarely speaks about her religious background and no longer considers herself a practicing Catholic, she said she briefly considered becoming a nun as a teenager. She criticized Mr. Ciscomani for not condemning the president’s remarks.

“You can’t make faith a central part of your campaign and then allow this to stand,” she said in an interview.

Across Tucson, Latino Catholics, regardless of their past voting preferences, were similarly quick to condemn the president’s remarks.

When Cecilia Taisipic, 71, heard about it, she said, she winced with shame about her vote for him in 2024.

“I thought he would make the country better, but apparently it’s the opposite,” she said as she left Mass at St. Francis earlier this week. She is so fed up with politics, she said, that she is unlikely to vote at all this year. “When it comes to my faith, I don’t like anybody to challenge it. Now I don’t want to hear anything on the news. I just want to pray.”

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Matilde Robinson Bours, 63, teaches a weekly Spanish Bible study class at St. Thomas the Apostle Parish, and like nearly all of the women in her class, she immigrated from Mexico decades ago. She has voted for Republicans in nearly every election since she became a citizen. Though she has never liked President Trump, she said, his comments about the pope enraged her more than anything else he has said or done in the past.

“This surpassed everything, every social and political norm — this is personal to all Catholics,” she said. “The arrogance and ego is disgusting. To think that he is God? The pope has every right and responsibility to talk about peace.”

Still, Ms. Robinson Bours said, nothing will stop her from supporting Republicans again this year. She has been delighted that her adult children have stopped supporting Democrats in recent elections.

“Almost everyone I know thinks the way I do,” she said.

Patricia Martinez, 86, who has attended the same Bible study as Ms. Robinson Bours for years, shook her head in disagreement. She said she cannot imagine voting for a Republican who supports Mr. Trump.

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“This is different — this shows he is out of his mind,” said Ms. Martinez. “We have to have basic respect and teach that to people in this country.”

Patrick Robles, a 24-year-old native of Tucson, spent years alienated from the Roman Catholic Church, but returned to his faith more recently. “The craziness of the world sort of caused me to seek some sort of answers,” he said. Now, he attends Mass at the St. Augustine Cathedral in downtown Tucson, a few blocks from the office where he works as an aide to Representative Adelita Grijalva, a Democrat.

Mr. Robles said he saw Mr. Trump’s battle with the pope as both a personal affront and a political opportunity.

“The president is basically trying to draw a line between Catholics and what we perceive to be patriotism,” he said. “I believe we can be both.”

Last week, he texted one of his uncles who has supported Mr. Trump in every election asking him what he thought.

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“I’m afraid we need divine intervention,” the uncle replied.

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