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Pentagon says Lloyd Austin stressed importance of freedom of navigation in call with Dong Jun
Former president’s lawyers weed through social media as they push for impartial jurors
Most European capitals support tougher stance but are wary of designating Revolutionary Guards a terror group
Strength of US economy prompts investors to scale back expectations for rate cuts
How long can the economy last without a recession?
UK warns any escalation is in no one’s interest and would deepen insecurity in region
Mike Johnson faces possible revolt after unveiling scheme to secure more funding for allies including Israel
Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed rate cuts
Whatever form direct retaliation takes, analysts warn there is a high risk of miscalculation — and further escalation
As mining rewards fall, transaction fees must rise
High interest rates leave less financial flexibility to deal with unexpected events
Stinting Ukraine will harm America in the contest with the supposed ‘real’ rival China
Also in this newsletter, new polling shows voter approval of Biden’s handling of the economy has ticked up
Its least bad options are a return to the status quo ante or carrying out a limited strike against military targets
Inconsequential reforms suggested for the Bank of England, misjudged US inflation and markets, and extrapolating too much
Plus, how oil got to $90
Outgoing Princo investment head says signs of improving climate could be ‘just a blip’
‘Draconian’ court decision puts reproductive rights at heart of election in crucial 2024 swing state
Move marks Republican’s first big step to boost funding for Kyiv — but could face opposition
Opening day of historic first prosecution of a former US president underlines challenges ahead for the New York court
Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate cuts
FT-Michigan Ross poll finds president’s gains could be derailed by stubborn fears over high prices
Suburban women in swing states believe the former president’s policies are too restrictive
Protection cannot mean giving the Netanyahu government a blank cheque, cashable in Washington
The impact of world events on the oil price has declined over time
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