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Confiscating hundreds of billions of foreign reserves could transform Ukraine’s war. But the US and Europe disagree on how far to go
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with Israel
The BIS head on making global banking better
Ft. Bad some news for the non-US Anglosphere
Government interventions this week fail to ease concerns about plunging currency
Ankara demands more aid go to enclave before it will resume $7bn-a-year flows in sign of deepening tension
Former governor says central bank ‘tarnished’ record by keeping interest rates low as price pressures intensified
Experience shows that encouraging exports rather than slapping tariffs on imports works best
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positions
Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy
Also in today’s newsletter, latest on campus demonstrations and cruise operator Viking’s market debut
How western corporates should (belatedly) think about their Russia exposure
Wellcome’s John-Arne Røttingen says divisions risk harming action on pandemic responses and ‘superbugs’
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Shipping group raises forecast on higher volumes but fears new vessels from competitors will lead to overcapacity
Paris-based organisation raises forecasts this year for global economy as jobs markets strengthen
Forecaster delivers downbeat outlook ahead of local elections in England
And the spill at Starbucks
Also in this newsletter: former executive of a scandal-embroiled Polish oil group is running for a seat in EU parliament
FT analysis of official data points to impact of cost of living crisis on consumption
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November election
Attacks on Moscow’s warships have helped to establish an export corridor that could boost Kyiv’s war effort
The battering sustained by the yen since January is causing alarm in some quarters
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global poverty
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