Deutsche Bank: Growing chorus of ‘whether we might be on verge of equity correction;’ China ends tariffs on US imports including farm goods but soy bean levies remain

The Financial Conduct Authority has extended its consultation on the £11bn compensation scheme over the loan scandal, in a move that notably pushes the deadline onto the other side of the UK’s crucial autumn budget.

It comes after lenders and consumer groups said they needed more time to analyse extensive market data, with the main consultation paper alone running more than 300 pages long. The deadline has now been pushed from 18 November to 12 December.

While an extended deadline might not sound exciting on its own, it could end up providing a bargaining chip for banks like Lloyds, Barclays and Santander UK, as the Treasury considers whether to hike taxes on the banking sector in order to strengthen the public finances.

Last week, banking analyst John Cronin of Seapoint Insights, wrote:

If the Treasury’s consultation in a motor finance redress scheme context is extended, this may well give the Chancellor pause for thought before lashing more taxes onto the sector.

Indeed, it might suit the banks for the argument to be drawn out in a bank taxes context, because if the consultation is still open at the stage of the Budget, Reeves will be presumably in a bind as regards what to do.

Sadiq Khan, Zack Polanski and Zarah Sultana among figures on the left praising the mayor-elect as they look at potential blueprint for elections in UK

Nearly a third of women in England and Wales (31.5%) are estimated to have experienced some form of abuse as a child, along with just over a quarter of men (26.4%), PA Media reports. PA says:

The estimates have been published by the Office for National Statistics (ONS) and are the first of their kind to use an updated definition of abuse that includes emotional, physical or sexual abuse as well as neglect.

A total of 13.6 million people aged 18 years and over (29.0%) in England and Wales are likely to have experienced “any abuse” before the age of 18, the figures show.

New Yorkers faced a clear choice - between hope and fear - and just like we’ve seen in London - hope won.

Huge congratulations to @ZohranKMamdani on his historic campaign.

• Captain labelled a ‘Cocky Complainer’ on arrival in Perth

• Article critical of Stokes and McCullum’s positive tactics

Australian media gave Ben Stokes a scathing welcome to the country in the buildup to the Ashes. A picture of the England captain pushing a trolley laden with luggage at the airport was accompanied by the headline “Baz Bawl” on the front page of the West Australian newspaper.

“England’s Cocky Captain Complainer, still smarting from ‘crease-gate’ lands in Perth early thinking dopey “BazBall’ can take the Ashes,” read the subhead in reference to an incident in the last series when Jonny Bairstow was controversially stumped. The article went on to criticise England’s tactics under Stokes and the head coach, Brendon McCullum, describing it as “carefree and careless thrash batting”.

• He feels incident with manager blown out of proportion

• Defender told himself he had to score after storming run

Micky van de Ven has downplayed the furore over his standoff with Thomas Frank after Tottenham’s Premier League defeat by Chelsea on Saturday, insisting it was misinterpreted and blown out of proportion. The centre-half preferred to focus on how the team had bounced back to thrash Copenhagen in the Champions League on Tuesday – a tie in which he scored a thrilling individual goal.

Van de Ven was all smiles after Copenhagen, his surge and finish from one box to the other drawing comparisons to Son Heung-min’s Puskas Award-winning effort for Spurs against Burnley in 2019. It was a vivid contrast to the post-Chelsea scenes when Spurs were booed off by their home crowd, having also been jeered by them during the game.

University of Queensland modelling warns of ‘grim future’ for corals once global temperatures cross threshold

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The Great Barrier Reef will undergo “rapid coral decline” until 2050 but could recover if global heating is kept below 2C, according to the most detailed modelling so far of the future of the world’s biggest coral reef.

The finding contradicts a widely held view that the decline of the oceanic gem would become irreversible as global temperatures rise above 1.5C, with one report last month suggesting the world’s tropical corals had already reached a tipping point of long-term decline.

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It may look like an unnecessary sequel, but even as someone who played the original cleaning game for a record-setting 24 hours straight, I’m hooked all over again

Does the world really need another PowerWash Simulator game? No, some will say. Probably people who have never played the original and don’t understand the appeal, but like to tilt their head with a mixture of bemusement and condescension and say: “So what do you do in the game? Just wash things?”

(It feels unfair that other pastimes don’t have to justify themselves like this. No one ever says, “Wait, you just run around the park in a circle for five kilometres?” Or, “So you just kick the ball with your foot?”)

The latest cleansers, toners and moisturisers have already impressed me with their innovations

True innovation in skincare is rarer than one would hope, but in developing Klira’s new The Dayscript (£82), consultant dermatologist Emma Craythorne has done us all a favour. Here is a barrier-protecting peptide moisturiser, makeup primer, antioxidant and SPF50 all in one cream. Uniquely, it needs only one application to maintain eight hours of UV protection thanks to new encapsulated filters. I must forewarn you that the resulting texture is at first unfamiliar and, frankly, a bit weird in terms of fingertip feel. But it took me only two tries to get over it. Klira’s exhaustive skin questionnaire determines your Dayscript base, so you’re assured of getting one that is correct for you. And while the cost is hefty, the cream wipes out the need for so much else that it may prove cheaper than your usual routine.

Keats is a new British brand founded by a former product formulator at Beauty Pie and Huda Beauty, which exists to strip back jargon, focus on high quality ingredients in proven quantities, and make realistic claims that yield results. So far there are just two products, The Hydrating Serum (£28) and The Moisturising Cream (£29).

Two colourful, plant-based loaves – a cranberry- and citrus-studded fruit cake, and an earthy, fragrant bake laced with buttery pistachio richness

I’ve always had a soft spot for those little Bonne Maman fruit cakes that come wrapped in paper – they’re soft-crumbed, and never too dark or dense. This is a quiet ode to them. Then, there’s a deep, buttery richness to pistachios that comes out best when they’re finely ground with flour – the oils release, the texture softens and the flavour becomes more pronounced; the addition of just a little matcha brings a quiet bitterness and depth, enough to hold its own without overpowering. It’s a loaf that feels composed – not flashy, but quietly fragrant with just the right amount of earthiness.

He films people breaking his self-created ‘laws’ of street decorum and posts the videos online – with many viewers expressing their gratitude. So watch out if you’re rushing along on your phone or wheeling a small bag that could be carried ...

It’s a damp, grey morning in Soho, London, and Cameron Roh is standing a metre or so behind a woman who is speaking loudly into her phone outside Caffè Nero. She is breaking his “laws” of “pavement etiquette” and he holds up his phone and presses record. Lost in conversation, the woman doesn’t see him, but still, watching him from a distance, it’s fist-in-mouth awkward. What if she turns around? Is this allowed? Is this even OK?

Suddenly, the woman hangs up and dashes across the road, oblivious to what has just happened. Evidence duly captured, Roh returns to where I am hiding and delivers his verdict, which is marks out of 10 – with 10 being perfect pavement etiquette. “That’s a two,” he says. Her crimes? “On her phone, sudden stop, pretty much in the centre of the pavement, meaning people have to walk around her to get past. No, no, no.” She didn’t see us, but that somehow feels worse; I feel as if we’ve just pickpocketed her. Roh giggles, unfazed. As a self-appointed pavement vigilante, this is what he does.

A broken wrist and time away from the sport helped Kate Courtney find new purpose – and the freedom that led to another world title

In early September, Kate Courtney lined up at the UCI Mountain Bike World Championships for the 12th time in her career, but the first time targeting the marathon distance. A figure at the front of the pack in the shorter cross country and short track distances, Courtney would surprise everyone by winning the 77-mile race, claiming the second rainbow jersey of her nearly decade-long career.

“The competition at the sharp end is so high and the course was brutal, so I was productively intimidated,” said the 30-year-old Courtney, “I didn’t think much about the pressure of winning, which let me just focus on myself.”

Some say it’s just ‘a stylish alternative to denim’, but the politics of who gets to wear military-adjacent garb is increasingly fraught

On a recent visit to Gaza, Steve Witkoff, the real estate mogul and Donald Trump’s special envoy to the Middle East, wore a “camouflage” top. I write “camouflage” in inverted commas because it was blue and, amid the dusty devastation of Gaza, there was nothing about it – or the bumbag he wore with it – that helped Witkoff blend in.

It’s an odd paradox that a pattern designed to melt military personnel into their surroundings – the word is derived from the French camoufler, “to disguise” – when worn by certain people, in certain ways, does the opposite. Witkoff being a glaring example.

Ellie Violet Bramley is a freelance writer

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The worlds of the haves and the have-nots clash, in a toxic friendship between two women brought together by a school reunion

Of all the seven deadly sins, envy is the last to be commodified. You can understand why – unlike lust, anger or even sloth, it’s not something to admit to. In his Allegory with Venus and Cupid, Bronzino depicted envy as an ugly green hag, clutching her head and howling impotently; now Instagram has allowed anyone online to gain access to images of the lifestyles of those richer, prettier and luckier than ourselves.

Ruth, the narrator of Harriet Lane’s third novel, Other People’s Fun, is corroded by it. Alone, her marriage over, her daughter grown and her freelance work as dull as it is low paid, she is that most dangerous of characters: an overlooked middle-aged woman with nothing to lose. When she bumps into beautiful, stupid and entitled Sookie at a school reunion, she reconnects with her teenage self “and all her violent desires”. Having flown under the radar as a pupil, noticed by Sookie only because she lent her her essays, she has perfect recall of her own petty humiliations, now amplified by the fact that she can stalk her contemporaries’ “best lives” on social media, while almost none of them remember her.

Sherrill defeated Republican Jack Ciattarelli in race that suggests Democratic resilience amid Trump’s second term

• US politics live – latest updates

Democratic nominee Mikie Sherrill was elected on Tuesday to be the 57th governor of New Jersey, defeating Jack Ciattarelli, a former state representative and Republican, in a race that suggested the resilience of the party after Donald Trump’s return to office.

The Associated Press called the race for Sherrill, a 53-year-old congresswoman from New Jersey’s 11th congressional district, just two hours after polls closed.

Check here for results as they come in, as leftwing Democrat wins race to become city’s next mayor

• NYC mayoral election – live updates

• Full report: Zohran Mamdani elected mayor of New York City in historic win

The Basque club’s striker has flourished on their return to the Champions League after a decade away – on Wednesday his side face Newcastle

The first time Gorka Guruzeta played in England, an 18-year-old appearing for Athletic Bilbao B against Borussia Mönchengladbach Under-23s at Adams Park in September 2015, he scored. The second time he played in England, against Sunderland two months later, he scored. The third time, against Manchester City six weeks after that, well, he scored again. When he returned to Manchester to face United at Leigh Sports Village in 2017, he did it once more. It was a superb volley, too. “In fact,” he says, “it’s one of the best goals I’ve ever scored.” So Athletic did what they had to do: they took him off.

“I got well angry,” the Athletic striker says, and then he starts laughing. “There must be a video somewhere. We went to play United and I was pretty good. They didn’t let me play the second half: I hadn’t yet signed my contract, I was scoring goals, there were lots of rumours, you know how it is. I don’t know about Newcastle being interested, but I remember reading about Man United, the typical thing. I have no idea how true it was, but even if they had called, I would have wanted to stay at Athletic. I feel lucky to be here.”

Plus: domestic duopolies, when kick-ins replaced throw-ins and the last striped team to win the English top flight

• Mail us with your questions and answers

“Marc Guiu became Chelsea’s youngest-ever Champions League goalscorer against Ajax, only to have the record snatched away from him by Estêvão 30 minutes later. What other examples of rapidly lost records are there in the world of football? What’s the record for the shortest-held record?” asks Matt Prior.

Given the predilection of those involved in football to flaunt their wad, transfer records are fertile ground for this kind of question. The first example that comes to mind is in the summer of 1995, when the British transfer record was broken twice. First Arsenal paid £7.5m for Inter’s Dennis Bergkamp; 15 days later, Liverpool bought Stan Collymore from Nottingham Forest for £8.5m.

£515,000 David Mills (Middlesbrough to West Brom, January)

£1m Trevor Francis (Birmingham to Nottm Forest, February)

£1.45m Steve Daley (Wolves to Man City, September)

£1.5m Andy Gray (Aston Villa to Wolves, September)

£900,000 Naomi Girma (San Diego Wave to Chelsea, January)

£1m Olivia Smith (Liverpool to Arsenal, July)

£1.1m Lizbeth Ovalle (Tigres to Orlando Pride, August)

£1.43m Grace Geyoro (PSG to London City Lionesses, September)

Finding the right balance with rotation will be key as head coach faces tricky Champions League task on Wednesday

European away days were not so taxing for Chelsea last season. They were too good for the Conference League and were able to win it even though Enzo Maresca often used those Thursday assignments to play his reserves and keep his best players fresh for the Premier League.

This time, though, the physical demands are tougher. Competing in the Champions League has been more sapping and Maresca has to work out how to strike the right balance when his team face Qarabag at the Tofiq Bahramov Republican Stadium on Wednesday evening, in their fourth game of the league phase.

Widespread adoption of artificial intelligence has been accompanied by new ways to harass women online

Gaatha Sarvaiya would like to post on social media and share her work online. An Indian law graduate in her early 20s, she is in the earliest stages of her career and trying to build a public profile. The problem is, with AI-powered deepfakes on the rise, there is no longer any guarantee that the images she posts will not be distorted into something violating or grotesque.

“The thought immediately pops in that, ‘OK, maybe it’s not safe. Maybe people can take our pictures and just do stuff with them,’” says Sarvaiya, who lives in Mumbai.

With the latest John Lewis Christmas ad sparking nostalgia, readers share which 90s hits are worth partying to

In the new John Lewis Christmas ad, a young son gifts his dad a vinyl copy of the track Where Love Lives by Alison Limerick, which transports the father to the dancefloor of his youth. Powerful stuff.

Of course, that record wouldn’t be everyone’s choice, so we asked readers to tell us which 90s club tracks they would pass on to the next generation. Here are some of them.

A compelling oral history traces the rise one of the most successful bands of the 70s from the ashes of a creative breakup

The Beatles learned how to be Beatles together. From 1963 to 1970, the group’s four members experienced an entirely new kind of fame, while leaning on each other to get through it. After splitting up, they faced another unprecedented challenge: how to be an ex-Beatle? This one had to be confronted alone.

The heaviest burdens of expectation fell on the group’s main songwriters, John Lennon and Paul McCartney, who were also suffering from the emotional shock of an acrimonious personal split. Both of them leaned on their wives. As John and Yoko Ono pursued political campaigns and avant-garde art projects, Paul and Linda McCartney retreated with their children to their ramshackle Scottish farm, where Paul licked his wounds, sheared sheep and tinkered with new songs. Paul insisted that Linda become his new musical partner, despite her inexperience. As she said later: “The whole thing started because Paul had nobody to play with. More than anything he wanted a friend near him.” The album he made with her, Ram, sold well but received savage reviews, deepening his crisis of confidence.

When I went to the Bowie exhibition at the V&A, I hoped that by losing myself in his gender experimentation I might, in turn, stumble across a clue to my own identity ...

In 2011, a couple of years before the David Bowie Is exhibition opened at the Victoria and Albert Museum in London, I came out as a lesbian. Up until that point I had been exclusively dating men, one of whom I married. Two years later, I was in my early 40s, a newly separated mother of four children, living in the US. I had started to question my gender identity, as well as my sexual orientation, and was looking for some answers.

I was born in England in the early 1970s – before the advent of the internet. As a teenager, my friends and I didn’t have Reddit or YouTube to turn to when we had questions about sex; instead, we turned to pop stars, and in the 80s everyone was messing with gender. Annie Lennox wore boys’ clothes, Boy George wore girls’ clothes, and pop groups such as Erasure and Bronski Beat had members who were out and proud.

Zohran Mamdani’s victory in New York and gubernatorial wins in Virginia and New Jersey have given Democrats a night better than they dared hope for

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America gave Donald Trump a bloody nose.

On the first big election night since Trump swept back into power, the results were better than Democrats could have dared hope.

As New York City’s mayor-elect reiterated his policies, the president posted ‘And so it begins!’ on his social media

• US politics live – latest updates

Zohran Mamdani, the newly elected mayor of New York City, issued a direct call to Donald Trump in his victory speech on Tuesday night, saying he would enter City Hall with a firm plan to counter the politics of division and cronyism that helped elevate him to the White House.

Mamdani, speaking to supporters in Brooklyn after a decisive victory over Andrew Cuomo, the former governor, said New York had shown it would be the “light” in a “moment of political darkness”.

Movistar Arena, Madrid

Powered by a pounding rhythm section, the crowd dance to even the tricksiest drum patterns at Radiohead’s first gig in seven years – one that demonstrates the pure joy this band can bring

Almost 10 years have passed since Radiohead released a new record, and more than seven since they were last seen on stage. Living through that period has felt like moving further and faster into the future that their songs often sounded so worried about. Animal-borne diseases and invading armies, bomb shelters and endless rainstorms, falling skies and collapsing infrastructure – ’twas all foretold in the lyric sheets of the ever-fretful Thom Yorke.

His reputation as a soothsayer has probably been overstated as the band’s myth has grown in their absence, but if the frontman is a genius (the jury is still out and may never come back in, their verdict deferred more by politics than musicianship) then he’s hardly the only monumental talent in the lineup. For all the brilliant records Yorke has made lately, including several with bandmate Jonny Greenwood in their looser-limbed trio the Smile, the faithful have been holding out a geological age to see the full five back together.