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Trump family business delays launch of $499 gold smartphone

US-made device planned by end of year hit by recent government shutdown affecting shipments

Trump Mobile, the phone company launched by Donald Trump’s family business, has pushed back plans to deliver a $499 (£371) gold-coloured smartphone by the end of the year.

The Trump Organization licensed its name to launch a mobile service and the device in June, in the latest monetisation of his presidency by a family business empire now run by Trump’s sons.

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© Photograph: Trump Mobile

© Photograph: Trump Mobile

© Photograph: Trump Mobile

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London stock market ending best year since 2009 at record high – business live

Rolling coverage of the latest economic and financial news

President Xi Jinping has declared China’s economy is set to hit its growth target for this year.

After what he called an “extraordinary year”, Xi told an annual gathering held by the country’s top political advisory body that China’s gross domestic product is expected to expand by around 5% during 2025.

“China’s economy is forging ahead under pressure, moving toward innovation and quality, demonstrating strong resilience and vitality.

The growth rate is expected to reach around 5%, continuing to rank high among the world’s major economies.”

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© Photograph: Peter Nicholls/Reuters

© Photograph: Peter Nicholls/Reuters

© Photograph: Peter Nicholls/Reuters

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Life after LeBron James: who will inherit the NBA’s future?

As the millennial superstars near the end, an international generation reshapes the league. The question is whether an American can still carry the crown

That the NBA is reckoned in seasons is apt. To measure a legacy this way is as much existential as it is symbolic. Martin Heidegger argued that time is not something we pass through, but the condition of our being – less a pathway than a pressure. Heavy stuff, yes, but the NBA has always operated under similar weight.

The millennial superstars who stabilized the league for two decades are now entering their twilight: LeBron James (who turned 41 on Tuesday), Stephen Curry, Kevin Durant, Russell Westbrook, James Harden and Chris Paul. In their wake comes something genuinely new. For the first time, the league’s next dominant generation is unmistakably international. The NBA’s gen Z elite now emerge from Slovenia, Serbia, Greece, Canada and France.

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© Photograph: Icon Sportswire/Getty Images

© Photograph: Icon Sportswire/Getty Images

© Photograph: Icon Sportswire/Getty Images

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The Master of Contradictions by Morten Høi Jensen review – how Thomas Mann wrote The Magic Mountain

A vivid account of the creation of one of literary modernism’s greatest achievements

In a 1924 letter to André Gide, Thomas Mann said he would soon be sending along a copy of his new novel, The Magic Mountain. “But I assure you that I do not in the least expect you to read it,” he wrote. “It is a highly problematical and ‘German’ work, and of such monstrous dimensions that I know perfectly well it won’t do for the rest of Europe.”

Morten Høi Jensen’s approachable and informative study of The Magic Mountain positions Mann as a writer who was contradictory to his core: an artist who dressed and behaved like a businessman; a homosexual in a conventional marriage with six children; an upstanding burgher obsessed with death and corruption. Very much the kind of man who would send someone a book and tell them not to read it.

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© Photograph: Library of Congress/Corbis/VCG/Getty Images

© Photograph: Library of Congress/Corbis/VCG/Getty Images

© Photograph: Library of Congress/Corbis/VCG/Getty Images

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