The Trump administration's new tariffs are reigniting global trade wars, causing economic turmoil for various industries and countries, including Switzerland, India, and Taiwan, while impacting automakers, luxury goods, and agricultural sectors.

• Tariff roulette: inside Trump’s chaotic trade negotiations — Financial Times -
• Ahead of Trump’s Trade Deadline, Firms Rushed Goods Out of Duty-Free Warehouses — The New York Times Business -
• Here is the latest. — The New York Times Business -

• Trump Turns to Untested Tariffs to Reorder Global Trade — The New York Times Business -
• Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World — The New York Times Business -
• Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief — The New York Times Business -
• India Reels From the Shock of Trump’s Onslaught — The New York Times Business -
• Recent global trade deals with the U.S. were secured with murky investments. — The New York Times Business -
• Americans face price rises for luxury watches after Trump’s Swiss tariffs — Financial Times -
• How carmakers are becoming the biggest losers in Trump’s trade war — Financial Times -
• How Tariffs Raise Costs for Farmers, Making Food More Expensive — The New York Times Business -
• Switzerland in ‘shock’ at 39% US tariff blow — Financial Times -
• Trump’s highly political tariffs — Financial Times -
• Trump tracker: the latest data on US tariffs, trade and economy — Financial Times -
• Trump reignites global trade war with sweeping tariff regime — Financial Times -
• Tariffs on Taiwan stir fears over waning US support against China — Financial Times -
• Exxon chief urges Trump to use trade talks to fight ‘crushing’ EU regulation — Financial Times -
• Trump’s tariffs send global stocks lower — Financial Times -
• FirstFT: Trump hits dozens of countries with tariffs — Financial Times -
• Buying a Swiss Watch in America Is About to Get a Lot More Expensive — Wall Street Journal -
• With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories — The New York Times Business -
• U.S. Tariffs Land on Taiwan Amid Tension With Washington — The New York Times Business -
• Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them. — The New York Times Business -
• In a Country Trump Says Nobody’s Heard Of, Tariffs Bring Chaos — Wall Street Journal -
• Taiwan tariff sparks fears over US commitment to Taipei — Financial Times -
• Inflation is rising, and it’s not just the tariffs — Financial Times -
• Is California’s economy heading for a deep slump? — Financial Times -
• Trump’s tariffs kick into higher gear — Financial Times -
• Trump pushes India into a corner over trade — Financial Times -
• Why Ford’s Made-in-America Strategy Hurts It in Trump’s Trade War — Wall Street Journal -

The US economy shows signs of slowdown with weak jobs reports potentially leading to interest rate cuts, as Fed governors resign and political figures influence economic data and minimum wage debates, reflecting broader economic fears.

• Fed Governor Resigns, Giving Trump Opportunity to Shape Central Bank — The New York Times Business -
• Opinion | Democrats Against a Higher Minimum Wage — Wall Street Journal -
• Stock Market Posts Worst Week in Months on Renewed Economic Fears — The New York Times Business -

• Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official — The New York Times Business -
• Federal Government Shed 12,000 Jobs in July — The New York Times Business -
• Big Downward Jobs Revisions Could Be a Warning Sign for the Economy — The New York Times Business -
• The Stock Market Is Good, Bad and Ugly, Often in Quick Succession — The New York Times Business -
• US labour market suffered sharp slowdown over past three months — Financial Times -
• Weak Jobs Report Raises Chances of a September Interest Rate Cut — The New York Times Business -
• Investing in America Series: Miami bids for global business capital status — Financial Times -
• Eurozone inflation stayed at ECB’s 2% target in July — Financial Times -

Tesla faces substantial liabilities after fatal Autopilot crashes, while major energy companies like Exxon report lower profits and seek M&A opportunities, as public broadcasting faces shutdowns and banks remain liable for car finance issues.

• Corporation for Public Broadcasting Will Shut Down — The New York Times Business -
• Tesla ordered to pay $243mn in damages after fatal autopilot crash — Financial Times -
• Why banks are still on the hook over car finance despite UK court victory — Financial Times -

• Jury Says Tesla Was Partly to Blame for Fatal Crash — The New York Times Business -
• Boston Beer Founder Jim Koch to Return as CEO — Wall Street Journal -
• Jury Says Tesla Must Pay $243 Million Over Fatal Autopilot Crash — Wall Street Journal -
• 192,000 Play Kitchens Are Recalled After Child Dies of Strangulation — The New York Times Business -
• Exxon Chief Says Demand for Oil Remains ‘Very, Very Strong’ — The New York Times Business -
• Reuben brothers in talks to invest in consortium circling OnlyFans — Financial Times -
• Four reasons why private credit isn’t actually a systemic risk — Financial Times -
• Exxon and Chevron profits fall to 4-year low — Financial Times -
• Exxon Sees M&A Possibilities as Oil Giants Post Lower Profits — Wall Street Journal -
• NBA hires JPMorgan Chase to advise on new European basketball league — Financial Times -
• Amazon Reports Strong Retail Demand, but Says Future Is Less Clear — The New York Times Business -
• AXA Shares Slide After Currency Fluctuations Bite — Wall Street Journal -
• Nintendo profits rise on 6mn sales of new Switch 2 console — Financial Times -
• Figma’s $50bn reasons to thank Lina Khan — Financial Times -
• Goldman Sachs poised to buy into ice cream maker at €15bn valuation — Financial Times -

AI startups Mistral and OpenAI secure massive funding, highlighting the fierce AI money race and Big Tech's speculative spending, while quantum computing emerges as a transformative technology that could redefine industries and digital labor.

• Mistral targets $10bn valuation in new fundraising push — Financial Times -
• OpenAI secures $8.3bn in latest huge fundraising — Financial Times -
• OpenAI Raises Another Funding Deal, From Dragoneer, Blackstone and More — The New York Times Business -

• Here’s How Quantum Computing Could Change the World — Wall Street Journal -
• Opinion | A Big Win for Energy and AI — Wall Street Journal -
• Etsy Turns From TV Ads Toward Search, With AI as the Wild Card — Wall Street Journal -
• Where Human Labor Meets ‘Digital Labor’ — The New York Times Business -
• Big Tech’s AI spend is still a shot in the dark — Financial Times -
• Investors glimpse pay-off for Big Tech’s mammoth spending on AI arms race — Financial Times -
• AI mania hits security software M&A — Financial Times -
• Apple has become Silicon Valley’s big contrarian bet — Financial Times -

Global political tensions persist with a Colombian ex-president's sentencing and a Brazilian judge defying US sanctions, alongside ongoing humanitarian crises in Gaza and Germany's military aid to Ukraine, while EU legal and political debates also shape the international landscape.

• Opinion | Advice for the Late-Arriving Russiagate Scribes — Wall Street Journal -
• Colombia’s ex-president Álvaro Uribe sentenced to 12 years of house arrest — Financial Times -
• Top Brazil judge vows to continue Bolsonaro trial despite US sanctions — Financial Times -

• Recognition of Palestinian statehood is not enough when it comes to Gaza — Financial Times -
• Germany to send more US air defences to Ukraine — Financial Times -
• Steve Witkoff visits US-backed aid site in Gaza — Financial Times -
• The west’s complicity in Gaza — Financial Times -
• Rotenberg family-linked company fined £300,000 by UK Treasury — Financial Times -
• Meloni hits out at EU top court after migration ruling — Financial Times -
• Lebanon passes bank restructuring law in step towards IMF reform — Financial Times -
• E.U. Did Not Retain Texts Sought by Journalists on Covid Vaccine Deal — The New York Times Business -
• El Salvador allows Bukele indefinite re-election — Financial Times -

Broader societal and business trends include consumer spending on back-to-school supplies, shifts in urban high streets, debates over corporate speech and diversity initiatives, and public safety concerns in cities, alongside the rise of immersive entertainment.

• Michael Cardozo, 84, New York City’s Longest-Serving Chief Lawyer, Dies — The New York Times Business -
• Ross Rowland, 85, Dies; a Railroad Preservationist by Way of Wall St. — The New York Times Business -
• It’s Time for That Often-Dreaded Task: Buying Back-to-School Supplies — The New York Times Business -

• Bold Names Season 4 — Wall Street Journal -
• Gaza at risk of ‘exponential’ rise in starvation deaths, aid workers say — Financial Times -
• The words that US companies fear to speak — Financial Times -
• How bougie is your high street? — Financial Times -
• Manhattan Has More Secure Buildings Than Most Cities. That Wasn’t Enough. — The New York Times Business -
• The great crime paradox — Financial Times -
• Abba, Elvis and ‘Squid Game’: immersive theatre takes centre stage — Financial Times -

UK politics sees new appointments and evolving stances on Palestinian statehood, with investors flocking to gold coins for tax benefits and discussions around crime, social mobility policies, and stabilizing housing market trends.

• David Cameron’s ex-chief of staff to advise UK foreign secretary David Lammy — Financial Times -
• UK investors buy gold coins in record numbers to mitigate against tax — Financial Times -
• Reform UK’s Zia Yusuf: ‘I’ve always been good at spotting inflection points’ — Financial Times -

• Why Starmer changed his mind about Palestinian statehood — Financial Times -
• Civil service launches internship scheme for working class students — Financial Times -
• How Labour and Reform frame crime in electoral fights — Financial Times -
• UK house prices returned to growth in July, says Nationwide — Financial Times -