How Malta Became a Tax Haven for Crocs and Other U.S. Companies

Also in this newsletter: Alibaba announces $10.2bn share placement and Anthropic’s best AI model struggles to attract users

Economists criticise Fed chair’s communication strategy as policymakers prepare to gather at Jackson Hole symposium

Collapse of talks threatens to raise prices even higher months before midterm election

Volodymyr Zelenskyy addresses the Ukrainian nation, the Fed’s Kevin Warsh talks monetary policy at Jackson Hole and investors await Nvidia earnings call

Turkey’s central bank decided to resume weekly repo auctions at its 37% policy rate, a step toward normalizing funding conditions and betting that the worst of the Iran war’s economic fallout has passed.

Federal Reserve Bank of Minneapolis President Neel Kashkari played down concerns over rising US Treasury yields, saying markets are functioning well and the recent surge is unlikely to affect monetary policy…