The Global Business Columnist Rana Faroohar

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UK Prime Minister Liz Truss is hoping to score political points with an effort to convince British chip maker arm to list in London. The August consumer price index showed higher prices for food, housing and cars,. Rana Faroohar thinks another factor may be rich people and they're spending habits.

China’s local government financing vehicles are bailing out cities and provinces that are struggling for cash, and UK prime minister Liz Truss is making a last-ditch effort to convince SoftBank to list its British chip maker, Arm, in the UK. Plus, the FT’s global business columnist Rana Foroohar argues that America’s wealthiest are making bad inflation worse.

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China’s local government financing vehicles go on land buying spree

Liz Truss prepares fresh bid to persuade SoftBank to list Arm in London

Everyone pays the cost as the rich keep spending

Vladimir Putin acknowledges Chinese “concerns” over Ukraine

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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