Resentment makes the world go round
From Donald Trump to the Brics, a feeling of exclusion from the in-crowd drives political actors #press
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FT World News :press:
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The best of Financial Times journalism from around the world.
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Taiwan bourse launches ETF portal as investor demand surges
Onshore ETF assets under management jumped by more than 30% in the first six months this year #press
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UK public borrowing rises less than expected in July to £4.3bn
Figure could give chancellor room for tax cuts ahead of next general election #press
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Poland fills prisons with white-collar crime suspects
Crackdown on business people denounced as ‘catastrophe’ comparable to communist-era repression #press
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China’s blueprint for an alternative world order
Beijing is using its economic muscle to rally developing countries and reduce the west’s influence over the UN #press
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China’s cathode billionaire targets US battery market via South Korea IPO
Ronbay Technology looks to split to avoid Washington’s tariffs and access subsidies #press
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Trump’s bond set at $200,000 in Georgia election interference case #press
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The uneven response to US natural disasters
Politics is getting in the way of efforts to counter and respond to catastrophes that are increasing in magnitude #press
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Core UK inflation has begun to fall in past 2 months, ONS research finds
More sophisticated analysis than standard approach says underlying rate dropped to 6.8% in July #press
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Ramaphosa seeks to avoid global powers ‘contest’ over Brics expansion
Tensions emerge over growth of emerging-market bloc as South Africa prepares to welcome Brazil, Russia, India and China #press
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Australian prime minister Albanese arranged PwC internship for his son
Revelation is latest sign of close ties between government and scandal-hit consultant #press
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China’s confidence deficit
The case against a balance sheet recession #press
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Ignore the angry bleating of aggrieved creditors
Examining the legacy of the Greek retrofit #press
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Ecuador’s presidential vote heads to run-off
Son of businessman and protégé of socialist former president lead polls after campaign marred by killing of candidate #press
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FirstFT: China pushes Brics to become geopolitical rival to G7
Also in today’s newsletter, China is set to cut lending rates, and Russia’s first post-Soviet Moon mission ends in failure #press
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Companies seek to spin off diversity campaign from crisis-hit CBI
Move aims to insulate Change the Race Ratio from lobby group’s struggle for survival #press
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China moves to shore up investor confidence in the economy
Beijing props up currency and promises securities market reform amid fears of renewed property crisis #press
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Political violence in Ecuador damages socialists’ chances of regaining power
Voters look for tough pledges on security as blame game continues over assassination of centre-right candidate #press
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The AI wave will only benefit smart stockpickers
We can learn lessons from the internet bubble about which companies will fly, and which will flail #press
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The Trump indictments and the perils of ‘dual sovereignty’
There is bound to be overlap between the federal and state cases brought against the former president — and that could cause problems #press
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