August 17, 2022

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Live news updates: Gatherings for central bankers and military chiefs

2 min read

Now would seem a good time for central bankers to get together and brainstorm some ways of getting their economies out of a global inflationary crisis. So thank goodness for the European Central Bank’s annual Forum on Central Banking, a gathering amid the palaces in the pretty Portuguese Riviera town of Sintra to discuss the challenges for monetary policy in a rapidly changing world: a title that organisers admit was only recently agreed upon given the rapidly changing world that the eurozone economies now face. Federal Reserve chair Jay Powell, World Trade Organization head Ngozi Okonjo-Iweala and Bank of England governor Andrew Bailey are among the top drawer list of speakers.

Geopolitical summits are again a bit of a theme this week. Nato will gather in Madrid on Tuesday for three days of discussion, including its expansion in the wake of Russia’s invasion of Ukraine. Among the topics for deliberation are maintaining support for Ukraine, reinforcing partnerships and maintaining an open door, and strengthening transatlantic unity.

This also happens to be the week for Ukraine’s Constitution Day, a public holiday for the country marking the foundation of an independent state in 1996.

Talking of separation, Scottish first minister Nicola Sturgeon is expected on Tuesday to set out in detail how she plans to hold a second independence referendum. Read Robert Shrimsley’s excellent opinion piece to appreciate the reasons why Sturgeon is choosing to do this now. The future of Britain is the subject of a conference taking place in London, jointly organised by the Tony Blair Institute and the Britain Project, a cross between a campaign group and a think-tank.

Of course, reorganising countries is a controversial business as will no doubt be debated on Friday, the 25th anniversary of the handover of Hong Kong by the UK to China. The story of journalist-turned-political-activist Claudia Mo, powerfully told in this weekend’s FT Magazine, recalls the battles fought and…



2022-06-26 18:48:06

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