Inflation risk is still under-appreciated by investors
Powerful forces look poised to reignite growth at a time when economies are close to capacity
Economic news
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UK regulator launches investigation into WHSmith following accounting errors
FCA probes potential transparency breaches as retailer seeks to claw back bonuses from former executives
How Merz’s summit plan on Russian assets backfired
France sided with Belgium, Italy and smaller states in backing joint debt for Ukraine instead
EU turns to joint debt for Ukraine after botching Russian asset loan
Also in this newsletter: Why Brussels’ U-turn on combustion engines won’t halt EVs
BP’s activist era begins
Plus, the newest merger shaking up Big Law and private equity giants make billions on Medline’s IPO