Jackson Hole could further formalise emerging Fed-Treasury accord
Stablecoins, the theme of this year’s symposium, are expected to bolster demand for short-term debt on which the Treasury is increasingly reliant
Store water and tinned food to prepare for emergencies, UK citizens to be told
Ministers step up work on ‘war book’ in push for resilience against extreme weather and cyber threats
Germany on track for strongest GDP growth since 2022
Economists raise forecasts after better than expected second-quarter growth and robust Ifo business index reading
How extreme weather threatens energy security — from jellyfish swarms to ‘Super El Niño’
Policymakers, businesses and media need to focus more attention on how climate change will impact energy systems, warn scientists
The Melody of Things — rediscovery of a dormant passion
Nadia Beard’s compelling account of how she rekindled her love for playing the piano and gained a place at Tbilisi Conservatoire
Deutsche banker charged with embezzling €600,000 from wealthy clients
Case comes as German lender is seeking to expand its wealth management operations
FirstFT: China warns US it could retaliate over Iran sanctions
Also in this newsletter: JPMorgan chases AI wealth and António Guterres interview
Aston Martin creditors file for information ahead of UK suit against carmaker
Bondholders owed £1.3bn have filed for discovery in the US courts over contentious £550mn financing deal
Berkshire-backed Japanese insurer plots multibillion-dollar deal
Japanese group reviews several targets including Australia’s Suncorp and Canada’s Intact Financial
Burnham set for first meeting with Trump in September
British officials explore possible White House visit around time of UN General Assembly
Another drone found at Leipzig airport as Germany warns of ‘unscrupulous’ attacks
Latest discovery made near scene where explosive-laden drone was uncovered on August 4
China warns US it could retaliate over Iran sanctions
Beijing says it will take ‘all necessary measures’ if Washington expands crackdown on business with Tehran
Embattled housebuilder Vistry boosted by £350mn UK government contract
Award to build 3,028 homes over 10 years sends shares 18% higher
And the FTAV Friday charts quiz winner is . . .
A Farewell to Tees
UK backs Devon tungsten mine in effort to secure critical mineral supplies
National Wealth Fund invests £71mn in project to produce metal used in aerospace and defence industries
Bessent gets Drucked
‘Governments defending prices against fundamentals always lose’
Scott Bessent threatens Iran’s economic partners with more sanctions
US Treasury secretary had billed announcement as ‘D-Day’ for Tehran but stopped short of sweeping action
Burnham is right to rule out an early election
But sticking to a date sometime in 2029 brings political risks too
Melrose faces $100mn compensation payouts after California toxic chemicals scare
UK-listed company will not face prosecution after incident at GKN Aerospace facility
Lego invests in software-enabled bricks and other products to power growth run
World’s largest toy group is looking to sustain stellar revenue and profit increases
FTAV’s further reading
The fiscal feedback loop; the hedge fund Treasury trade; another libertarian island utopia; chicken tenders; smartphone rejection; and thriving on self-loathing
OnlyFans owner received $700mn in dividends before his death this year
Streaming platform used by sex workers has 5mn creator accounts according to latest annual results
António Guterres on the future of the UN
Outgoing secretary-general reflects on the role of the United Nations in a changing world
Nvidia employee charged with smuggling advanced chips into China
Prosecutors identify Taiwan-based manager as ‘central figure’ in scheme involving US semiconductor maker’s AI servers