Financial Times

The Financial Times reports that SoftBank has raised almost $22 billion (£18 billion) to reduce its stake in Alibaba.

Financial Times reports that Nancy Pelosi’s visit to Taiwan – the highest-level visit by a US official in decades – prompted Chinese military operations around the island.

The Financial Times reports that thousands of British companies are severing economic ties with China.

As fuel bills (and profits) soar, British Gas operator Centrica is urging the government to provide more assistance to consumers. The UK’s largest energy retailer had operating profits of £1.3bn in the first half of 2022 – up fivefold from £262m in 2021.

The Financial Times reports that the Federal Reserve has raised its benchmark policy rate for the second month in a row by 0.75 percentage points.

Consumers are being passed on rising costs by Coca-Cola, Unilever, and McDonald’s, according to the Financial Times.

According to Financial Times, Russia is reducing gas supplies through its largest pipeline to Germany this week to a fifth of capacity, which will leave the continent without critical supplies before winter.