Federal Reserve appointments including Stephen Miran's advancement and Lisa Cook's temporary retention, unexpected August wholesale price declines, President Trump's aggressive tariff proposals against China and India, and Kamala Harris's criticism of the Democratic party's strategy define the current landscape of US politics, economy, and trade policy.

• Republicans Race to Advance Stephen Miran, Trump’s Fed Pick, Despite White House Ties — The New York Times Business -
• US wholesale prices declined unexpectedly in August — Financial Times -
• Trump tells EU to hit China and India with 100% tariffs to pressure Putin — Financial Times -

• Kamala Harris blames Democrats’ ‘recklessness’ for sticking with Biden — Financial Times -
• U.S. Drugmakers Warn White House of Chaos as Trump Weighs Curbs on China — The New York Times Business -
• Inside Lutnick’s Department of Deal-making — The New York Times Business -
• The knotty real history of Fed ‘independence’ — Financial Times -
• Judge rules Trump cannot fire Fed’s Lisa Cook for now — Financial Times -
• Judge Rules Fed Governor Can Remain in Role, for Now — The New York Times Business -
• Job Growth Revised Down by Nearly a Million, Updated BLS Data Shows — The New York Times Business -
• How Lutnick Is Using Government Power to Pressure Private Companies — The New York Times Business -
• Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut. — The New York Times Business -
• Trump’s green energy assault could halve pace of decarbonisation, report finds — Financial Times -
• More on Fed independence — Financial Times -
• Hyundai: the carmaker caught in the storm over US immigration raids — Financial Times -
• US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly — The New York Times Business -
• Maga vs AI: Trump’s Big Tech courtship risks a backlash — Financial Times -
• Business hopes over Europe-US trade suffer digital disruption — Financial Times -

The EU's move to freeze funding to Israel amidst the Gaza conflict, Israel's expanded military actions into Qatar, NATO forces shooting down Russian drones over Poland, and UN progress towards restarting nuclear inspections in Iran underscore a day of heightened global tensions and diplomatic efforts.

• EU moves to freeze some funding to Israel over war in Gaza — Financial Times -
• Israel unbound: was Qatar a strike too far? — Financial Times -
• Nato forces shoot down Russian drones over Poland — Financial Times -

• What is Putin’s game plan against Nato’s eastern flank? — Financial Times -
• UN and Iran take ‘important step’ towards restarting nuclear inspections — Financial Times -
• Israel says it will target enemies ‘everywhere’ after attack on Hamas in Qatar — Financial Times -
• Mexican navy scandal rocks top US cartel-fighting partner — Financial Times -
• Israel launches attack on Hamas in Qatar — Financial Times -
• Indonesia counts the cost of idiosyncratic leadership — Financial Times -
• Sudan accuses UAE of sponsoring mercenaries to fight for rebels — Financial Times -
• Belgium to soften stance on frozen Russian assets if EU shares risk — Financial Times -

Starmer's government facing scrutiny over appointments, Chancellor Reeves's commitment to reducing regulators, plans for Kent and Greenwich universities to merge, and growing concerns over youth economic inactivity highlight key developments and challenges within the UK's economic and political sphere.

• Starmer challenged over Mandelson vetting after Epstein revelations — Financial Times -
• Reeves vows to ‘take out’ more regulators amid growth push — Financial Times -
• Kent and Greenwich universities to merge in bid to strengthen financial footing — Financial Times -

• Farage’s self-defeating embrace of Trump — Financial Times -
• Why Phillipson will be Starmer’s first pick for deputy leader — Financial Times -
• UK youth economic inactivity is growing crisis warns TUC — Financial Times -
• Abolish monthly UK GDP — Financial Times -
• Private capital listing plans stoke hopes of a London IPO revival — Financial Times -
• The Strand gets a glittery makeover — but is it gold for homebuyers? — Financial Times -
• ‘Super sewer’ chief bows out to the sweet smell of success — Financial Times -

China's economic indicators including deflation and rising bond yields, slowing retail sales for major fashion brands like Zara and Primark due to tariffs and political turmoil, **significant M&A activity in mining and retail, and Singapore's strategic move into green finance** illustrate a diverse range of international economic shifts and corporate strategies.

• Sue Kesey, Who Helped Bring Probiotic Yogurt to the Masses, Dies at 86 — Wall Street Journal -
• How a remote copper pit led to the biggest mining deal in a decade — Financial Times -
• Potbelly Sandwich Chain to Sell Itself to Convenience-Store Operator RaceTrac — Wall Street Journal -

• Singapore’s next strategic bet: green finance — Financial Times -
• Zara owner’s sales slow as US tariffs hold back growth — Financial Times -
• Primark owner warns political turmoil is sapping consumer spending — Financial Times -
• Jaguar’s Rebrand Caused an Uproar. Its Boss Has No Plans to U-Turn. — Wall Street Journal -
• Chinese government bond yields rise to 2025 high — Financial Times -
• Is the EU serious about fixing its economic competitiveness? — Financial Times -
• Why 7-Eleven and Other Convenience Stores in Japan Are So Special — The New York Times Business -
• China slips back into deflation as economy shows signs of cooling — Financial Times -
• Murdochs find peace — their challenge now is to keep it — Financial Times -
• Our charity auction is back: bid for lunch with a top FT journalist — Financial Times -
• The art market is gloomy — so why do Japanese galleries look rosy? — Financial Times -
• Should I sell my home to pay for care fees? — Financial Times -
• Exxon expects EU to sign long-term US gas deals — Financial Times -
• The great Ralph Lauren revival — Financial Times -
• Five of Frankfurt’s must-try culinary specialities — Financial Times -
• Is America Ready for Japanese-Style 7-Elevens? — The New York Times Business -
• Elliott wades into sensitive sector with stake in Japanese nuclear power group — Financial Times -
• China’s car wars take their toll on BYD — Financial Times -

JPMorgan and Fifth Third facing potential losses from a subprime auto lender, SEC crackdowns on 'pump-and-dump' schemes, the resurgence of US IPO hopefuls, and sinking shares in bitcoin hoarders amid a souring 'crypto treasury' mania characterize a busy period for financial markets and regulatory bodies.

• JPMorgan and Fifth Third face losses tied to troubled subprime auto lender — Financial Times -
• FirstFT: SEC crackdown on ‘bilge bracket’ firms facilitating pump-and-dump schemes — Financial Times -
• US IPO hopefuls: once more, with feeling — Financial Times -

• Cinven takes majority stake in Grant Thornton Germany — Financial Times -
• SEC targets US firms tied to suspected Chinese ‘pump and dump’ scams — Financial Times -
• Shares in bitcoin hoarders sink as ‘crypto treasury’ mania sours — Financial Times -
• Mizuho has ‘all the parts’ to become top 10 global investment bank, says CEO — Financial Times -

Oracle's shares skyrocketing from massive AI deals and Larry Ellison becoming the world's richest person, Amazon's Zoox and other robotaxi services expanding, and PsiQuantum raising significant funds for quantum computing underscore a rapidly advancing and highly competitive technology and AI landscape.

• Oracle Shares Skyrocket as Software Giant Scores Massive AI Deals — Wall Street Journal -
• Larry Ellison overtakes Elon Musk to become world’s richest person — Financial Times -
• Amazon’s Zoox enters robotaxi race with Las Vegas rollout — Financial Times -

• Waymo Robotaxis Face New Challenger in Atlanta — Wall Street Journal -
• Quantum computing company raises a record $1bn — Financial Times -
• PsiQuantum Raises $1 Billion, Says Its Computer Will Be Ready in Two Years — Wall Street Journal -
• Meta’s Elite AI Unit Sparks Tension With Old Guard — Wall Street Journal -

Ozempic maker Novo Nordisk's plans to cut 9,000 jobs, Merck's decision to scrap a major UK drug research center, and US drugmakers lobbying against proposed White House curbs on China reveal a pharmaceutical sector undergoing significant restructuring and facing geopolitical pressures.

• Ozempic Maker Novo Nordisk to Cut 9,000 Jobs — The New York Times Business -
• Merck slams UK as it scraps £1bn London drug research centre — Financial Times -
• U.S. Drugmakers Warn White House of Chaos as Trump Weighs Curbs on China — The New York Times Business -

• Ozempic Maker Novo Nordisk to Cut 9,000 Jobs — Wall Street Journal -