Global Economic Update

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this Risk of terrorist attack The NATO official warned that the Kabul airport is increasing every day because he described the “dilemma” that countries face when deciding when to end foreign military efforts to airlift personnel out of Afghanistan.

One day after U.S. President Joe Biden chose to stick to his plan to withdraw U.S. troops before the end of the month despite European opposition, NATO Secretary-General Jens Stoltenberg stated that the terrorist threat facing the airport is not “theoretical”, but It is “real danger”.

“On the one hand, we want to have as much time as possible for as many people as possible to leave,” Stoltenberg said in an interview. “At the same time… if we go beyond [the] August 31 [deadline], Especially if we don’t get at least some kind of taliban’s acquiescence, the danger will increase [of] attack. ”

On Wednesday night, the British government updated its travel advice for British nationals still in Afghanistan, advising them not to go to Kabul Airport because of “the threat of terrorist attacks.”

Turkey started Withdraw its troops The big turn from Kabul Airport shows that the security situation in Afghanistan is rapidly deteriorating. Russia has also expressed increasing concern about the security situation in Afghanistan. Began to evacuate its citizens yesterday.Follow the latest reports in Afghanistan Fortis. (“Financial Times”, “New York Times”)

More about Afghanistan:

  • How the exile changed the Taliban: Decades of exile made the leaders of militant groups More secular, But they may have difficulty controlling their infantry.

  • Escape from Kabul: Shaqaiq Birashk, an adviser to the U.S.-funded Afghan government project, reveals how special forces act Cause her to escape From the capital of Afghanistan.

Thank you for reading FirstFT Asia.You can share your feedback with me [email protected] -Emily

There are five more stories in the news

1. Japan and Taiwan hold talks to counter Chinese aggression The two ruling parties will hold First bilateral security meeting On Friday, they sought to strengthen their relationship against an increasingly belligerent China.

2. OnlyFans revokes controversial porn ban Only fans have Changed the decision After founder Tim Stokely’s criticism of “unfair” banks sparked a new dialogue with financial institutions, pornography was banned. The company announced yesterday that it “has received the guarantees needed to support our diverse creator community.”

3. Pinduoduo shares rose 22% after pledged to donate profits Pinduoduo shares Rose more than one-fifth The Chinese e-commerce group announced on Tuesday that it will donate US$1.5 billion of future earnings to charity after announcing its first quarterly profit since its initial public offering three years ago.

4. The British FCA is “incapable” to supervise Binance The Financial Conduct Authority, one of the world’s leading financial regulators, stated that “Incapable of” proper supervision Although the products of the cryptocurrency exchange posed “significant risks” and allowed consumers to place excessive bets, Binance still did.

5. Angela Merkel’s successor loses lead in opinion polls Angela Merkel’s center-right Christian Democratic candidate Armin Laschet is now Under pressure to strengthen the campaign And prevent what could be the worst election result for his party in 70 years.

Coronavirus Digest

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the day before

income British recruitment company Hayes today announced its full-year earnings. With the Covid-19 recession, the rebound in employment in the UK is a source of hope not only for this group but also for the economy as a whole. Air New Zealand, Dell Technologies and TCS Group are also among the companies reported today. View our complete list here.

Joe Biden hosts Naftali Bennett During his tenure as Prime Minister of Israel First visit to the White House Today, he is expected to push the President of the United States to take a tough stance against Iran. (Reuters)

U.S. revised growth data The growth data for the second quarter is May be revised higher After a series of stronger-than-expected data reflecting the reopening of the economy, it was released today. However, the increase in Covid-19 infection caused by the Delta variant may pose a risk. (Reuters)

What are we still reading

The supply chain is in a mess. So how does trade flourish? Confusingly, while economists from the manufacturing giants warned that the difficulty in parts procurement is affecting GDP data, we foreshadow a boom in exports. Alphaville found the clue As for why this is in the new OECD data.

If movie theaters cannot solve their survival crisis, why do we all fail How to pay for actors, screenwriters and other creatives in the streaming era May have just begunBox office analysts worry that the streaming habit we developed during the pandemic will continue, leading to a long-term decline in movie theater attendance.

Currently, cryptocurrency exchanges are booming The popularity of Bitcoin has turned the former small platform into a powerful platform, generating millions of dollars in revenue every day. How long can wealth last, Ask Eva Sale.

Focus on ESG in Asia The Bank of America reported that as of June, ESG equity funds in developed Asian countries had inflows of US$3.6 billion, an increase of 187% over the same period last year. At the same time, the Hong Kong Stock Exchange’s board of directors’ diversification measures have come under fire, and China’s carbon market has started to be unstable.More in our Asian version of ethical money. Subscribe to the newsletter here.

Marijuana Banking U.S. federal law still classifies cannabis as an illegal substance. This is why the largest bank in the United States chose not to provide services to cannabis companies.But the relief is mainly due to A small group of financial services companies It has sprouted to cater to the weed industry.


As the world’s largest democracy, India is undergoing fundamental changes, raising people’s questions about whether it should be called a democracy. These two new books Emphasizing the speed of this transformation gives a subtle but equally pessimistic description of the country’s development trajectory.

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