The once-obscure tech at the heart of the green energy trade war
Power inverters are central to the global clean electricity boom but reliance on China is triggering security fears
International - Financial Times - Credit Squeeze
In Bangkok, central bankers push back on market rate-tightening bets
Federal Reserve and ECB play down likelihood of October rate rises while BoE says data does not currently support substantial further tightening
FirstFT: G7 plan simulated AI attacks on banks
Also in today’s newsletter: British government courted UBS over London HQ move and why data centre bonds look increasingly stressed
Republicans turn on Trump’s tariffs in battle for ‘political survival’
US president’s trade war has become an albatross for his party in crucial midterm election races
Bets on Fed rate hold in October strengthen after Warsh comments
US central bank chair says economy has ‘broadly conformed with our expectations’ since rate increase in September
US business leaders are waking up to the perils of plutopopulism
Companies wanted a president who would cut taxes and rules, they got one who has blown holes in free trade and global alliances
The secret fight around financial flows
Quicker responses to trade challenges mean companies can free up capital
‘Early days’ to see full effect of energy prices on inflation, BoE’s Bailey says
Lengthy period of higher costs would squeeze corporate margins and spur some companies to raise prices
Criminals stole $90mn of crypto by hiding password readers in USB-like devices
Ledger said theft from its secure wallets was ‘one of the most sophisticated attacks’ the industry has seen
France and Germany to allow UK to join EU car policy if it aligns on China tariffs
Paris and Berlin near deal on bloc’s ‘Made in Europe’ subsidy programme and combustion engine phaseout
Europe cannot rely on trade barriers to counter China
The EU’s hybrid car deal with Beijing eases tensions but only offers a brief respite
In AI-dominated markets, LatAm debt is a diversifier
A series of ostensibly market-friendly electoral victories across the region has boosted local currency bonds
Mercuria adds first copper to US Project Vault stockpile
Trading house confirms 12,000-tonne delivery to Washington’s new $12bn reserve of strategic metals and minerals
Who’s winning the trade war with China? You asked, we answered
Senior trade writer Alan Beattie and economics columnist Soumaya Keynes replied to reader questions
Macroeconomic policy must now do many things at once
Is it possible to contain debt and inflation without damaging the investment needed to restructure the economy?
FirstFT: Ukraine to resume strikes on Russian refineries, Zelenskyy says
Also in today’s newsletter: tech sell-off deepens and Anthropic’s revenues increase more slowly than expected
UK economy defies contraction fears to grow 0.1% in August
Figure comes as chancellor John Healey prepares for a tough Budget this month
CPI comes in hot, AI goes cold
Plus: the EM index is just an AI bet now
US inflation again set to be a crucial factor for the midterms
Donald Trump was re-elected on the back of inflation anger, and his party is now in danger of losing control of the House and Senate for the same reason
Is the K-shaped economy really more of an E?
America remains a very unequal place, but on many metrics inequality is not increasing
Global Economy
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