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Spain bangs the drum for EU investment in Latin America Also in this newsletter: Serbia and Kosovo’s next round of (fruitless) talks #press
Katya Adler tours the borderlands of Russia in Living Next Door to Putin on BBC1 In a two-part documentary, the journalist investigates how neighbouring nations have reacted to troops invading Ukraine #press
House of Lords reform is an ermine-clad headache for Starmer The opposition’s problems with implementing its own commitments dwarf current Tory embarrassment over appointees #press
Euro heads for eight-week losing streak as economy falters Steady decline against dollar reflects growing gulf with more robust US performance #press
Ireland’s dairy farmers in crisis over EU nitrogen cap Producers face having to cull cows or find more land after government says bloc’s decision will not be overturned #press
Federal Reserve officials back rate rise pause in September Hawkish Dallas president says another skip ‘would be appropriate’ as US inflation cools #press
Global economic recovery ‘losing momentum’ as higher rates kick in FSB chair warns G20 leaders of potential for market strains and risks in sectors such as real estate #press
Qantas chief Alan Joyce steps down early as airline’s reputation slides Executive who led ‘Flying Kangaroo’ for 15 years brings forward retirement to allow ‘renewal’ process #press
Rishi Sunak on the back foot at start of new political year Prime minister contends with schools crisis and looming by-elections as MPs return to Westminster #press
Parliamentary panel rejects Tory MP Chris Pincher’s appeal against suspension Move triggers a recall petition, under which the MP’s Tamworth constituents can demand a by-election #press
China banks: renminbis for Russia heighten secondary sanctions risk Beijing’s mission to promote the currency could end up hurting Chinese lenders #press
Labour appoints Angela Rayner levelling-up minister in party reshuffle UK opposition’s deputy leader will also become shadow deputy prime minister in first party reshuffle since 2021 #press
Ukraine’s Zelenskyy to replace defence minister in wartime shake-up Move marks biggest reshaping of government since Russia’s full-scale invasion last year #press
Starmer needs to sing a more confident song To ensure voters understand what Labour stands for, the party leader must come out swinging #press
Not all coups in Africa are the same The international community needs to recognise that both military takeovers and civilian misrule are wrong #press