The world’s $2tn interest bill
Many countries now spend more on debt servicing than defence, including the US, France and the UK
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China’s imports in August miss estimates as exports pick up pace amid calls for rebalancing trade
China’s exports and imports gathered momentum in August, as the world’s second-largest economy faces mounting pressure to rebalance trade.
Yen surges to six-month high as traders stay alert for signs of intervention
Japanese currency touches ¥154.04 per dollar, including steep rise in London morning
FirstFT: Oil prices near $100 as renewed supply crunch looms
Also in today’s newsletter: India’s biggest private bank grapples with leadership vacuum and China pumps $53bn into banks and insurers
Pricey oil is laying the groundwork for its own decline
Crude is helping to make clean technologies more competitive
Africa’s richest man seeks to raise $1.6bn in continent’s biggest IPO
Aliko Dangote targets 10mn shareholders as he floats $49bn refinery business on Nigerian stock exchange