Letter: Bessent won’t make US great again by bullying other countries
From Joseph E Stiglitz, New York, NY, US
Letter: No ifs, no butts: it’s time for a grouse shooting rethink
From Jonathan Riley, Chair, Friends of the Dales, Gargrave, North Yorkshire, UK
Letter: Treasury secretary forgets Stalin was in Tehran too
From Mike Harris, Oxford, UK
Letter: Can data centres avoid Theroux’s ‘Fat Boy’ fate?
From Jane Swan, Delabole, Cornwall, UK
Letter: We need better governance for generative genomics
From David Carel, Anchorage, AK, US
Letter: Here’s how to answer that Napoleon ‘shopkeeper’ jibe
From Cllr Stephen Alambritis, London SM4, UK
Letter: UAE exchange boss rebuts Sudan gold heist claims
From Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC (Dubai Multi Commodities Centre), UAE
Met Office warnings of thunderstorms
‘At least it’s good for the data centres’
De-dollarisation may not be over
Recent pick-up in dollar’s share of global foreign exchange reserves does not amount to a trend reversal
FT Crossword: Number 18,464
FirstFT: Rescuers race to save lives after Nepal flood disaster
Also in this newsletter: Singapore-based activist fund targets Samsung and Uefa prepares criminal complaint against Fifa’s Infantino
France’s Le Pen seeks to woo business leaders by vowing to cut spending
Contenders in next year’s presidential election clash over economic policies in first debate
Trump orders Lake Ontario to be renamed ‘Lake America’ in new slight to Canada
US president’s executive order underscores fraying relations between allies after trade talks collapsed
Canada says no thank you
The breakdown of talks with Canada and the future of tariffs
US bank regulators to narrow enforcement focus to financial risks
Overhaul is part of a wider deregulatory push under the Trump administration
School geography class: Is Europe prepared for a world of extreme heat?
Climate change
Burnham’s high street plan is ‘delusional’, says Mike Ashley
Billionaire behind Frasers Group slams prime minister’s business rates reform and crackdown on discounting
Alphabet agrees to pay £260mn to settle UK class action lawsuit
Group’s Google business was accused of overcharging developers who made software for the Google Play app store
School geography class: China bypasses shipping chokepoints with ‘Ice Silk Road’ through Arctic
Global governance
School IB economics: Stop assuming GDP is an indicator of prosperity
Measuring development
Anthropic launches AI tool that can conduct scientific experiments
Claude chatbot maker unveils a system that autonomously operates a wide range of devices in laboratories
School IB economics: Communist Vietnam bets on Korean-style ‘chaebols’ to boost growth
Supply side policies
School IB psychology class: Use of artificial intelligence for mental health splits opinion
Mental health
Deadly flood a brutal reminder of growing Himalayan hazards
Torrent that tore through settlements near Nepal’s border with China comes as scientists warn climate change is increasing risks