Talk of a global carbon pricing scheme grows louder ahead of COP30
Brazil wants to use the presidency to push for an international framework
International - Financial Times - Credit Squeeze
Why has the EU only implemented a fraction of Draghi’s economic plan?
Also in this newsletter: Mercosur endgame, and Poland and Hungary’s cleantech surprise
FirstFT: Bond market sell-off deepens
Also in today’s newsletter, Xi’s military parade and changes to US bank rules
The hard data signals the Fed should not cut rates
Policy setters should not be swayed by a false narrative arising from soft economic surveys
Interview: Ray Dalio
The FT’s Q&A with the founder of Bridgewater Associates
US stocks fall as global bond sell-off deepens
Tech shares extend recent declines as rising debt piles in many major economies concern investors
US curbs TSMC’s tool shipments to China
Sending American chipmaking tools to Nanjing plant will now require US licences
Russia says China has agreed vast new Siberia gas pipeline
Agreement gives Moscow much-needed export route and signals closer relationship with Beijing
The Avignon Federal Reserve
The Great Monetary Schism of 2026-??
Modelo maker hit by lower beer sales to Hispanic consumers in US
Constellation Brands shares slide after cutting financial outlook amid ‘challenging’ economic environment
Eurozone inflation rises to 2.1% in August
Traders expect ECB to keep interest rates on hold at September 11 meeting
The UK is a fiscal saint, not a sinner
Markets ultimately will take notice if the government demonstrates its ability to lower deficits
The Fed is getting slowly Cooked
The administration is making little secret of its broader intentions, leaving the central bank’s troubles mounting
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you
FirstFT: China and Russia sign pipe deal
Also in today’s newsletter, Bridgewater’s Dalio warns of autocratic politics and gold hits record high
Why the market is ignoring the attack on the Fed
It’s not only irrational
Asian and Middle Eastern investors avoiding US, says private markets giant
Partners Group’s Roberto Cagnati says some investors ‘more wary about what they’re exposed to’ following Trump shocks
The bougie fashion events helping US shoppers forget tariffs
Rising costs and disruption from Trump’s trade war means some British fashion labels are courting Americans on their home turf
Developing countries swap out of dollar debt to cut borrowing costs
Sovereign borrowers are turning to lower interest rates in currencies such as the Chinese renminbi and Swiss franc
Gold price vaults past $3,500 to new record
Bullion surpasses previous high set in April after Donald Trump’s ‘liberation day’ tariffs
Global Economy
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