This FT News Briefing covers the upcoming Trump-Xi summit, focusing on trade ceasefire extensions and new AI safety dialogues. It also details UK PM Andy Burnham’s meeting with Trump, highlighting tensions over the Diego Garcia lease and global AI regulation. Additionally, the episode reports on record-high oil supertanker rates due to the Iran war and examines potential conflicts of interest in Todd Boley’s bid for Lukoil’s international assets, which involves US government backing.