@martinsandbu.ft.com is spot on: unanimity defangs EU sanctions policy. "Some member states fear that their vital interests would be damaged by majority rulemaking. But in a world suddenly more filled with adversaries and enemies, going it alone is to accept being divided and ruled by others."
EU countries shoot themselves in the foot when they veto sanctions
A recent move by France makes talk of ‘strategic autonomy’ look like hot air
ft.com
A big new story from us: a big new leak means that we can put numbers on the scale of A7 -- the Kremlin's huge money-laundering machine. $6.9bn laundered through the international banking system via SWIFT, with $1.1bn sent to StanChart alone. www.ft.com/content/3848...
Kremlin-backed forgery scheme moved $6.9bn through global banks
FT finds thousands of Russian payments handled by Standard Chartered, Citigroup and other international groups in vast leak from inside fintech A7
ft.com
Sorry Mark Carney, the world *does* need a rival great power with better manners as.ft.com/r/c591526a-3...
Sorry Carney, the world does need a great power with better manners
Calling for closer EU-Canada ties without pooling sovereignty is an abdication of European responsibility
as.ft.com
What would you ask the editor of the Financial Times over lunch? Here's your chance to do just that: Bid for lunch with @roulak.bsky.social at The Ritz in London and all proceeds go to FT FLIC, the FT-backed financial literacy charity Read all about it and bid at ft.com/auction
ft.com
The trade wars were just a warm-up. Brace for the coming capital wars. as.ft.com/r/d9f246c1-d...
The capital wars are coming
Expect more intense competition for the world’s savings
as.ft.com
maybe they'll make all passengers check if they fit through a window-sized gap like the bag thing
The trade wars were just a warm-up. Brace for the coming capital wars. as.ft.com/r/d9f246c1-d...
The capital wars are coming
Expect more intense competition for the world’s savings
as.ft.com
90 years ago, Parliament responded to the rise of Oswald Mosley's Blackshirts by passing the Public Order Act, which banned political uniforms, private militias and the threat of force for political objects. The debates make very resonant reading today. Here's the Liberal Robert Bernays. (Short 🧵)
@martinsandbu.ft.com: "to the extent that both public and private sectors adopt AI to guide decision-making — how much to invest; in what; how best to tax for desired policy outcomes? — our economies will look increasingly planned and decreasingly market-shaped" www.ft.com/content/cd3f...
Could AI revive the socialist dream?
Artificial intelligence has the potential to both reignite and overturn the century-old debate over central economic planning
ft.com
Could AI replace the market economy? Really interesting thought experiment from @martinsandbu.ft.com www.ft.com/content/cd3f...
Could AI revive the socialist dream?
Artificial intelligence has the potential to both reignite and overturn the century-old debate over central economic planning
ft.com
"The Hayekian conclusion always remained contingent — and only true so long as governments lacked the necessary informational and computational capacity for central planning to outdo free markets. The question is whether AI changes that," writes @martinsandbu.ft.com. www.ft.com/content/cd3f...
Could AI revive the socialist dream?
Artificial intelligence has the potential to both reignite and overturn the century-old debate over central economic planning
ft.com
Feel good about yourself: Your summer holiday was a profoundly humanist act. as.ft.com/r/b9065953-4...
Don’t take that summer trip for granted
One of the great, under-appreciated benefits of modernity is the ability to seek discovery for discovery’s sake
as.ft.com
These charts need to be drawn for imports/exports from/to all countries, not just JP/SK/CH.
Felix Hamer • electricfelix@electricfelix.eurosky.social · 3mo agoBrad Setser: "So when I scale the total impact of the China shock on the EU market i get an estimated impact -- from reduced exports to China and higher imports from China net of changes to imports from the rest of Asia -- of around 1.2m cars, or 10% of the mart" nitter.net/Brad_Setser/...
This is a fantastic piece by @martinsandbu.ft.com which should be required reading for Burnham/Healey/their advisers. [Don't necessarily agree with all of it, but it makes you think about the UK's economic predicament in a different way.]
Financial Times@financialtimes.com · 3mo agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
My latest piece, on why a conventional misunderstanding of the economy risks leaving the Burnham government in the same sorry place as Starmer's.
Financial Times@financialtimes.com · 3mo agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
My latest piece, on why a conventional misunderstanding of the economy risks leaving the Burnham government in the same sorry place as Starmer's.
Financial Times@financialtimes.com · 3mo agoWill Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Sent an email to 9 Europeans and immediately received 6 automated vacation replies. 🫠
Agree with this from @martinsandbu.ft.com & highly recommend his book, 'The Economics of Belonging', fleshing out the type of economic transition needed. However, it's possible Burnham's policies are merely symbolic at this stage to buy the political capital to 'go big'. www.ft.com/content/94a7...
Will Burnham go big or go home?
Reasons to be sceptical about the UK’s new prime minister
ft.com
Will Burnham go big or go home? ft.trib.al/DZdeGG1 | opinion
Will Burnham go big or go home?
Reasons to be sceptical about the UK’s new prime minister
ft.trib.al
A betting account in the name of George Cottrell, the convicted fraudster who bankrolled Nigel Farage, received almost $9mn in cryptocurrency from unidentified sources while he was providing gifts to the Reform UK leader great work from @annasophiegross.bsky.social www.ft.com/content/b74c...
Betting account in George Cottrell’s name received $9mn in crypto from unidentified sources
Deposits in Polymarket wallet came as convicted fraudster was providing gifts to Farage
ft.com
The sacking of popular, modernising defence minister Mykahilo Fedorov exposed damaging divisions about Ukraine’s military strategy and armed forces’ willingness to address its shortcomings just as momentum in the war against Russia has swung in its favor. My report: www.ft.com/content/a200...
Ukraine’s rift over battlefield strategy breaks into the open
Sacking of popular defence minister exposes divisions over how to fight Russia
ft.com
There can be no forgiveness. 12 years ago, on July 17, 2014, the russians shot down Flight #MH17, killing 298 people, incl. 80 children. The perpetrators, sentenced to life in prison, remain under Moscow’s protection. Fact: russia has murdered hundreds of thousands of civilians. It must be smashed.
Ukraine has used a naval drone to transport a ground drone to attack Russia. www.businessinsider.com/ukraine-laun...
Ukraine launched a first-of-its-kind robotic amphibious assault, deploying a gun-toting robot from a drone boat
Ukraine said the fully robotic amphibious assault was the first known mission of its kind, demonstrating how drone warfare continues to evolve.
businessinsider.com
Good ideas about complementing the EU’s finances by @martinsandbu.ft.com But depressing bottomline: member states cannot escape the traditional political economy of budget talks and have already dug themselves deep into the usual trenches for net payers and net recipients” www.ft.com/content/127f...
The EU has ways out of its budget trap
Side agreements and special purpose funds could bypass the usual trench warfare
ft.com
