FirstFT: Asian countries struggle to defend their currencies amid energy shock
Also in today’s newsletter: Israel approves death penalty law targeting Palestinians, and the risks of a private capital meltdown
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Asia turns to coal as Iran war chokes off gas supplies
Countries shrug off environmental concerns to fire up use of polluting fuel as Gulf supplies dwindle
China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
UK regulator cuts £2bn from car finance redress costs for banks
Financial Conduct Authority lowers estimate for loans eligible for compensation scheme
Crypto has no place in UK political donations
Its inclusion will not extend democracy but reduce it
Qatar-backed US LNG plant launches exports as Iran war hits global supply
US gulf plant owned by QatarEnergy and ExxonMobil may help replace some of production damaged by Hormuz crisis