How Did a German Company Link Up With Chinese Investors?

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Core prices, which strip out volatile items like food and energy, are continuing to rise at a pretty rapid clip. The fear and the expectation really is that inflation prints are going to stay quite high and well above the feds two % target for quite some time. Military officials from russia and ukraine have been negotiating the safe passage of grain through the black sea in order to avoid a global grain crisis. Our china correspondent, eleanor alcott, writes about this project called cleo canect.

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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