There is political logic to Fitch’s downgrading of US debt

A divided Congress is in no position to tackle America’s serious fiscal problems #press

https://www.ft.com/content/b50c561f-3339-4857-ac4a-6d6e5fec6587?utm_source=press.coop

UK ordered to apologise to academic over alleged torture in UAE

Parliamentary ombudsman attacks ‘profound failure’ of embassy staff to spot signs of alleged mistreatment #press

https://www.ft.com/content/d5df16a8-374d-4661-89d1-a9e2e29b4b44?utm_source=press.coop

Hot property: five homes for sale in the French Alps

From a contemporary house with uninterrupted views across Lake Annecy to an 18th-century farmhouse with an apple orchard #press

https://www.ft.com/content/55743bae-af29-46fa-8238-945a6b6a4ea2?utm_source=press.coop

UK discount retailer Wilko on the brink of collapse

Chain prepares to appoint administrator within days if it fails to find a buyer or investor #press

https://www.ft.com/content/9bbb9317-fe3c-4efa-8680-022c2e73132c?utm_source=press.coop

India restricts laptop imports in boost to local producers

Surprise announcement means companies such as Apple need a licence to ship personal computers from overseas #press

https://www.ft.com/content/eca9a785-2221-4c2f-934b-8964bc430faa?utm_source=press.coop

Brexit ideology is being shunned as economic conditions deteriorate

Plus, fresh sign of a slowdown in the chemicals industry #press

https://www.ft.com/content/0591d2ff-12ed-46e4-969d-738543b7c46b?utm_source=press.coop

Britons paid record £16.7bn in capital gains tax in 2021-22

Rising asset values and more house sales provided boost for HMRC, official figures reveal #press

https://www.ft.com/content/1987db3a-a542-4052-88ce-440ff798784a?utm_source=press.coop

GSK to cease direct business in Nigeria amid economic pressure

Drugmaker does not specify reason but forex shortage has put pressure on multinationals #press

https://www.ft.com/content/769dbf88-b150-4f92-b8c6-a18f5a2f4eed?utm_source=press.coop

Fine banks that blacklist customers for political views, says UK chancellor

FCA says review on de-banking already being prepared in wake of Farage-Coutts dispute #press

https://www.ft.com/content/827bb98f-8f35-4001-877d-aff261be3b5a?utm_source=press.coop

Trump heads to court for first appearance in 2020 US election case

Former president has remained defiant despite third indictment against him this year #press

https://www.ft.com/content/3dba52fe-855c-4c63-82b0-4900b0ae7ed9?utm_source=press.coop

Biden urged to limit US investment in Chinese stocks and bonds

House panel chair says forthcoming rules on China must curb flows to public markets #press

https://www.ft.com/content/cd6bbac2-4561-4f00-83a8-4b80068e1073?utm_source=press.coop

Fine banks that blacklist customers for political views, says UK chancellor

FCA says review on de-banking already being prepared in wake of Farage-Coutts dispute #press

https://www.ft.com/content/827bb98f-8f35-4001-877d-aff261be3b5a?utm_source=press.coop

After divorce with EU, UK’s future involves getting closer

Delays to introduction of trade barriers with neighbours show Rishi Sunak’s administration cannot avoid tighter relations #press

https://www.ft.com/content/19544b54-1c99-4e84-b1f5-4c0675b087e8?utm_source=press.coop

Free Lunch summer reading

Good writing on economic phenomena that affect us all #press

https://www.ft.com/content/7d3640bd-73a7-4058-89ca-43ed4b37cf71?utm_source=press.coop

Adani’s Ambuja Cements buys Sanghi Industries in $600mn deal

First major acquisition by Indian tycoon since criticisms in short seller Hindenburg’s January report hit group’s stock market value #press

https://www.ft.com/content/13b7724a-59c2-4e49-8ed9-17b857cea3a7?utm_source=press.coop

Courting Middle Eastern autocrats won’t solve Europe’s refugee crisis

Their repressive rule is forcing thousands to make the treacherous journey across the Mediterranean #press

https://www.ft.com/content/49a52369-62ee-4eb5-9efb-ad1f066a5734?utm_source=press.coop

Israel and the US are battling identity crises

Could they both end with the dismantling of democracy? #press

https://www.ft.com/content/9a8a9bc0-0a81-43e6-b215-bde2611ba6cc?utm_source=press.coop

Are Scotland’s rent controls working?

Neither tenants nor landlords are happy as the country’s rental crisis deepens #press

https://www.ft.com/content/2152bba5-9da4-446f-b780-2fa4fe5e3c7d?utm_source=press.coop

Turkey’s inflation rate jumps to almost 50%

Weak lira and government’s stimulus programme push prices higher, adding to strain on consumers #press

https://www.ft.com/content/2128b96c-2696-4df6-8d7f-0c625a7b2497?utm_source=press.coop

The global* inflation slowdown

*if you ignore the UK #press

https://www.ft.com/content/0df6a05b-ec75-4f2b-893f-cd049fc77d5a?utm_source=press.coop