The ECB’s song of fire and flood keeps getting louder
But is anyone listening?
Economic News
EU eyes retaliatory tariffs against US aircraft, cars and bourbon
Measures would take effect if trade talks falter as Donald Trump threatens 30% levies from next month
Nvidia gets nod from Washington to resume sales of H20 China chip
Leading AI chipmaker had taken $4.5bn writedown after tightening US controls banned export of its key product
EU weighs sanctions on Israel as concerns mount over Gaza aid deal
Also in this newsletter: Is the EU ban on Russian gas legal?
FirstFT: US threatens Russia with ‘severe’ tariffs
Also in today’s newsletter, the ‘cat bond’ market and EU budget plan’s eastward shift
India looks for ‘low-hanging fruit’ in high stakes US trade talks
Also in this newsletter: is the Modi government massaging economic data?
China’s economy grows 5.2% in second quarter
Strong exports help world’s second-largest economy weather Trump’s trade war
Australia’s PM seeks to balance trade and security tensions in Xi meeting
Anthony Albanese touts tourism and steel co-operation on six-day China trip clouded by Trump turmoil
US probes imports of drones and critical material in chips and solar panels
Investigations could lead to tariffs on unmanned aircraft systems and polysilicon
Volvo Cars to book $1.2bn charge on tariffs and launch delays
Exposed to US and European duties, the Geely-owned group has already announced a cut of 3,000 jobs globally