FirstFT: Today’s top stories


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Joe Biden was formally nominated because the Democratic nominee for US president on Tuesday evening, as social gathering stalwarts lined as much as assault Donald Trump for his dealing with of coronavirus.

Mr Biden accepted the nomination after reaching the edge of 1,991 votes following a digital roll name that consisted of a collection of video clips of delegates from states throughout the nation.

“Thanks from the underside of my coronary heart,” a beaming Mr Biden mentioned from a library in a college in Delaware, the place his spouse Jill spoke later within the night. He’ll formally settle for the social gathering’s nomination in a speech on Thursday.

Former president Invoice Clinton launched a blistering assault on Mr Trump’s dealing with of the pandemic, accusing him of ignoring scientific recommendation and ready too lengthy earlier than encouraging People to put on face masks. Mr Clinton mentioned: “Covid hit us a lot more durable than it needed to. We now have simply four per cent of the world’s inhabitants, however 25 per cent of the world’s Covid circumstances.” (FT)

Obamas share highlight with Biden to assist White Home marketing campaign
The full-throated assist from the Obamas — who’ve greater approval scores than Mr Biden — has apparent advantages for the Democratic bid to recapture the White Home. (FT)

Youngest American voters dislike the selection in entrance of them
America’s youngest voters might maintain the important thing as to if the US elects its oldest president in historical past in November, says Patti Waldmeir.

See how Mr Biden and Mr Trump are faring in nationwide polls.

Coronavirus digest

  • The US wants direct money funds by means of this disaster and the subsequent, writes Fb co-founder Chris Hughes.

  • The WHO has urged rich international locations to assist finance its equitable world vaccine distribution plan.

  • Sweden has stubbornly stood its floor on the pandemic response. Its newest distinction: ambivalence to face masks.

  • Australia signed a deal to safe 25m doses of AstraZeneca’s Covid-19 vaccine for a deliberate necessary, free inoculation programme.

  • UK shopper worth index Information for July is predicted to point out inflation edge as much as 0.6 per cent, however some analysts say the pattern will likely be shortlived, with the UK in peril of deflation for the primary time in 5 years.
    Observe our dwell protection right here.

Within the information

US postal service delays cutbacks over election fears The US postmaster-general has reversed course on a collection of controversial cost-cutting measures after Democrats claimed that they might hinder postal voting within the November election. (FT)

Wall Avenue file US shares closed fractionally greater on Tuesday nevertheless it was sufficient to set a file, capping an uneven rally that has wiped coronavirus market losses. Buyers fear that belongings together with bonds and gold are “overvalued”. Tech investor Kevin Hartz joined the Spac growth with a “new” $200m automobile. (FT)

Top five stocks power market rally (version 2)

Trump’s Russia ties The 2016 Trump marketing campaign’s contacts with Russia posed a “grave counter-intelligence menace”, senators concluded in a bipartisan report that additionally discovered proof Vladimir Putin ordered the hacking of the Democratic social gathering to break Hillary Clinton’s marketing campaign and “undermine the US democratic course of”. (FT)

Canada’s cupboard shuffle Justin Trudeau named deputy prime minister Chrystia Freeland as finance minister, charging the previous journalist who received reward over US commerce talks with steering Canada’s financial restoration. Learn our Lunch with Ms Freeland right here. (FT)

Belarus opposition chief in plea to EU Svetlana Tikhanovskaya has appealed to EU leaders to “assist the awakening” of her nation as they put together to fulfill for an emergency on-line summit on the Belarus disaster on Wednesday. (FT)

Pinduoduo clashes with Tesla in China China’s Pinduoduo has clashed with Tesla after it bought the US group’s electrical autos at a hefty low cost, highlighting the ecommerce platform’s controversial use of massive subsidies. (FT)

UK universities demand assist after exams chaos Britain’s universities have demanded “important monetary assist” as establishments look set to lose college students owing to the federal government’s U-turn over examination outcomes. The FT View is that the politicians, not the algorithm, are accountable for the fiasco. (FT)

Japan succession questions Shinzo Abe’s shock hospital go to, which officers say was for a routine medical check-up, has raised hypothesis about his political future as rivals manoeuvre to succeed Japan’s longest-serving prime minister. (FT)

Coup in Mali The west African nation’s president resigned late on Tuesday on state tv hours after he was detained alongside the prime minister by mutinous troopers, whose takeover threatens additional instability following extremist violence. (AP, FT)

The day forward

Fed minutes Notes from the Federal Reserve’s July assembly, when chair Jay Powell signalled that the US central financial institution wouldn’t waver from its assist for the nascent financial restoration, are out on Wednesday. (FT)

What motion may the Fed absorb September? Extra element ought to come on Wednesday, when the minutes from July’s assembly are launched © FT montage

Earnings US chipmaker Nvidia is about to profit from the rise in homeworking and online game demand when it stories on Wednesday, however elsewhere, the trade is braced for widespread disruption from new US sanctions towards Huawei. (FT)

What else we’re studying

What does Oracle see in TikTok? “I nonetheless suppose it’s doable . . . for us to be a extra necessary firm than Microsoft,” Larry Ellison mentioned in 2014. Since then, his software program nemesis has soared whereas Oracle’s fortunes have sagged — nevertheless it’s now focusing on an acquisition of the favored video app. (FT)

Scotland’s independence dream returns Six years after Scotland voted
“No”, opinion polls counsel a majority would now again leaving in a second referendum. What’s modified? Brexit’s unpopularity and differing responses to Covid-19 might lastly tip the stability for a three-century union. (FT)

Brexit and London’s haphazard strategy to the pandemic are fuelling the urge of Scots to go it alone © FT montage

India eyes Kamala Harris The vice-presidential candidacy of Kamala Harris has thrilled many in India — however New Delhi stays apprehensive of a Biden administration’s response to its Hindu nationalist agenda. (FT)

Uber ruling reveals gig financial system is working out of street
How will you be sacked from a job you by no means had, by an employer who by no means employed you? asks Sarah O’Connor.

Thailand’s defiant schoolchildren Amid a rising protest motion calling for reform of Thailand’s monarchy, schoolchildren have adopted a three-fingered salute that originated in The Starvation Video games, a dystopian younger grownup e-book franchise. (FT)

A pupil protester holds up a 3 finger salute throughout an illustration at Mahidol College in Bangkok on Tuesday © Getty Photographs

Will mum pay the mortgage? Wealth managers are seeing a surge in retirement restructuring to bail out aged dad and mom or grownup youngsters who’ve misplaced jobs — or, in some circumstances, each. (FT)

Airways ask passengers to subsidise inexperienced gasoline Promoting flights throughout a worldwide pandemic isn’t simple, by no means thoughts asking passengers to subsidise the gasoline invoice. However airways reminiscent of SAS and Lufthansa are doing precisely that in a bid to cut back carbon emissions. (FT)

Macron’s low China profile The UK’s announcement to bar Huawei final month stirred Beijing’s wrath. However France’s comparable transfer, 10 days earlier, drew barely a squeak of protest, a part of a low-profile pushback marketing campaign uncharacteristic of the French president, Ben Corridor writes. (FT)

19th modification turns 100 The story of girls’s suffrage within the US often begins at New York’s Seneca Falls in 1848. However the historical past of the second is far broader — with labour enjoying a distinguished function. Donald Trump’s pardoning of Susan B Anthony was a botched tribute. (NYT, 19th*, Qz)

FT Weekend Pageant

China is flexing its muscular tissues from Hong Kong to the Himalayas. At this 12 months’s digital FT Weekend Pageant (September 3-5), Martin Wolf and a panel of audio system ask: has Beijing given up on the west — and the way ought to it reply? E-book right here.

FT podcast

Information briefing — Oracle has entered the race to accumulate TikTok, EU leaders lined as much as urge Vladimir Putin to assist steer Belarus out of its political disaster, and the US postmaster-general has reversed course on a collection of controversial cost-cutting measures after Democrats claimed that they might hinder postal voting within the presidential election. Plus, a take a look at why particular objective acquisition corporations are on the rise.


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