Also in this newsletter: Iran vows revenge on Israel, Harris’s polling nears that of Trump, Russia launches drone strike on Ukraine
European Central Bank’s vote in September now ‘very close call’, after price pressures tick up
Also in today’s newsletter, Kamala Harris draws level with Donald Trump in polls and tech stocks sell-off reignites
Even before the rate rises, Japanese lender profits have been improving on fatter loan margins and expanding total assets
Beijing has called for faster stimulus to strengthen lagging economic growth
Parliamentary manoeuvres aimed at denying influence to extremist parties risk causing a backlash in the future
While a shift to a more rational strategy has support, the impact of moves to tame inflation are biting
Central bank inflation forecasts have become much more accurate, so why are they still in the doghouse?
Economists say data marginally raises chances of ECB cutting rates again at next meeting
Also in today’s newsletter, Donald Trump courts crypto industry and Starbucks’ fall from grace
Being a force for stability is a tough ask for a volatile asset
Reverse reserve reservation reservations
It will not want to look as if it is prejudging policies as inflationary during election season
Clothing, toy and furniture factories hit by anaemic orders, trade restrictions and growing competition
Fast-food chain’s chief says customers are more ‘discriminating’ after years of price rises
Also in this newsletter: Consumers shun McDonald’s and Meloni ‘relaunches’ Italy-China relations
That won’t stop Sri Lanka though
The Democrat needs to reassure international allies, without alienating the US working class
Countries like Trinidad and Tobago lack capacity and finance to cope with Brussels’ border measure
Also in today’s newsletter, EU prepares two-step trade plan to tackle Donald Trump, and Venezuela declares Maduro winner
Foreign exchange reform will remove market distortions but some analysts fear it will stoke inflation
Jay Powell & Co needn’t rush into a September cut
If the Republican candidate returns to the White House, Brussels will offer a quick deal then threaten retaliation against tariffs
Bank earnings in Palestinian territory have been hit and theft is rising as Israeli curbs and war fallout leave over $1bn idling in vaults
UK bank brings case over securitisation of loans that US group sold in mortgage push
