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Initiative aims to curb rampant food price inflation but has split Tory party and angered supermarkets
Turkey assesses presidential election results and Singapore hosts Shangri-La security forum
Market Questions is the FT’s guide to the week ahead
EU seeks to untangle some of its dependence on Asian powerhouse but remains more cautious than US
Multilateral lender founded as competitor to west has struggled to raise funds because of Russia exposure
Meeting takes place just days after Joe Biden predicted a ‘thaw’ in relationship between superpowers
This cost of living crisis is not a sudden emergency, but the latest chapter in a longer-term story of rising poverty
The imbalance between the very rich and the rest leaves the world a poorer place
There is plenty of scope for future governments to get into trouble
Markets switch from betting on economic slowdown to expecting tighter policy for longer
Also in this edition: technical glitch forces British Airways to cancel flights, five major insurers quit net zero initiative
As high-level interactions increase, both sides must aim for pragmatic reconnection
JPMorgan wants to ‘learn to live with’ tension between Beijing and Washington
Only Argentina and South Sudan experienced bigger increases in core inflation last month
Also in today’s newsletter, Tesla opens up its charging network to Ford owners and Illumina shareholders back Carl Icahn’s pick for chair
Currency falls to 20 to the dollar for the first time as polls predict Erdoğan victory at runoff election
New vehicles rise in price as electric options become more popular
Veteran fixer Jean-Yves Ollivier brokers an improbable plan to take six of the continent’s leaders to Moscow and Kyiv
Gina Raimondo and Wang Wentao signal efforts to maintain dialogue despite clashes over chips
Comments come as Ofgem announces amount paid by a typical household for gas and electricity is set to drop to £2,074 from July
Foreign secretary says there is ‘much more to do’ but Britain faces tough struggle with China in the region
Also in today’s newsletter, DeSantis’s stuttering start and Germany falls into recession
Nations must seek to strengthen multilateralism or they will end up embracing economic decoupling
The west could find itself held back by a Chinese economy that’s too weak, not too strong
First-quarter decline, on weak consumer and industrial activity, is second consecutive contraction in output
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