Historic summits

Hello from the FT newsroom. US President Joe Biden is hosting historic summits with his Japanese and Philippine counterparts this week. A common theme will undoubtedly be China’s growing assertiveness, including military activity around Taiwan and aggression in the South China Sea. A rusting Philippine ship in the middle of the sea provides a fascinating illustration of the tale.

In Taiwan, meanwhile, the real-world impact of the threat is clear. Our Greater China correspondent Kathrin Hille revealed this week that several large manufacturers are considering establishing a second headquarters outside of Taiwan — “in case an emergency happens”.

My choices this week

1. The Darién Gap, a jungle that sits between Colombia and Panama, is a vital route for record numbers of migrants travelling to the US. Our reporters spoke to those risking their lives to make the immensely dangerous journey, as the route becomes a flashpoint in the upcoming US election. Stay up to date with the race for the White House with our free US Election Countdown newsletter.
2. The world’s biggest chipmaker, Taiwan Semiconductor Manufacturing Company, has agreed to make its cutting-edge chips in an Arizona plant in exchange for billions of dollars of subsidies. The $11.6bn deal is a boost to Biden’s artificial intelligence ambitions. (Free to read)
3. Muslims in Gaza marked Eid al-Fitr this week, the festival celebrating the end of the month-long Ramadan fast. Yet famine looms. This visual analysis reveals that thousands of tonnes of aid are stuck at the border with Egypt, highlighting the persistent challenge of getting aid into the enclave.
4. European ports are turning into “car parks”, according to executives, as imported electric vehicles pile up with nowhere to go amid a slowdown in sales. Some EVs from China have been sitting in European ports for up to 18 months.
5. What if global emissions went down instead of up? That particular turning point might be closer than you think. In a thought-provoking column, Pilita Clark considers how it might affect our psyche and behaviour.
6. Wes Anderson’s film sets are instantly recognisable; what is it like to work on one? His eye is exacting and the process shows an incredible attention to detail. HTSI speaks to the people — including Anderson — behind the scenes. (Free to read)

Thanks for reading,

Roula

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