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Scorching prices could mean higher interest rates, but will that cool inflation? And ukraine and russia are making progress on grain talks. Plus a partnership between europe and china to satellites in space went very, very wrong. The nub of the story is really what these low earthorbet constellations will mean for the future of tele communications.

US consumer prices rose more than forecast in June, hitting an annual pace of 9.1 per cent, and investors are shunning 20-year US government bonds. Plus, a clash of cultures and geostrategic interests sank a German-Chinese joint venture competing in the new space race.

This episode states Canada raised its interest rates by a 'full basis point' when we mean 'full percentage point'. We regret the error

Mentioned in this podcast:

US inflation hit 9.1% in June putting further pressure on Fed

Ukraine and Russia making progress on grain talks, says UN

The corporate feud over satellites that pitted the west against China

FT Live Event: Britain after Boris Johnson ft.com/afterjohnson

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. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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