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Hillary Clinton has become first woman in the US to accept a major party’s presidential nomination. Addressing the Democratic national convention, Mrs Clinton declared that the nation was at “a moment of reckoning”. She urged voters to unite against the divisive policy ideas and combative politics of Republican nominee Donald Trump, saying: “A man you can bait with a tweet is not a man we can trust with nuclear weapons.”

Mrs Clinton still faces opposition from within her own party. A small but vocal minority who supported former rival Bernie Sanders expressed their displeasure at her nomination by donning luminous yellow T-shirts emblazoned with the slogan “Enough is Enough”.

The FT’s Matthew Garrahan writes that Mrs Clinton’s feat highlights the continued existence of workplace sexism. “It has taken 227 years for a woman to get this far in a US election and the ascent of women on the corporate ladder has been almost as slow . . . the challenges facing women are particularly acute at media and technology companies.” (NYT, FT)

In the news

Turkey’s top brass A five-hour meeting of Turkey’s Supreme Military Council left the top brass largely intact, despite the recent coup attempt. Lower ranks did not fare so well: nearly 700 were given dishonourable discharges. President Recep Tayyip Erdogan is carrying out an overhaul of the military after the failed putsch and wants to bring the armed forces and national intelligence agency under his control. There are fears that the hollowed-out military, a pillar of the Turkish republic, will no longer be able to counter security threats or fulfil its role in Nato. (Reuters, NYT)

Sino-Russian drills The Chinese and Russian navies will hold joint exercises in the South China Sea in September in a move likely to exacerbate regional tensions. (FT)

Amazon’s sales surge The US company’s bet on services such as Prime membership appears to be paying off, with the group reporting strong sales and record profits during the second quarter. Revenue growth also accelerated at its fastest rate in more than four years. (FT)

Jihadi shake-up Syria’s al-Qaeda affiliate Jabhat al-Nusra has split from the global jihadi group and says it wants to unify other groups opposed to the Assad regime. The group said the rebranding was aimed at removing a pretext for the US and Russia to target Syrian civilians. Nusra has been one of the most effective rebel forces in the Syrian civil war but has attacked groups that accepted weapons or training from the US. (FT)

Uber’s great leap forward China has formally legalised online car hailing services including San Francisco-based Uber and Beijing-based Didi Chuxing, giving a boost to an industry that has until now operated in a grey area. (FT)

It’s a big day for

Monte dei Paschi Corrado Passera, the veteran Italian businessman and former industry minister, has teamed up with Swiss bank UBS to present a last-ditch alternative rescue proposal to the board of struggling lender Monte dei Paschi di Siena. (FT)

EU lenders Eurozone policymakers are awaiting the imminent publication of stress tests on the region’s 37 biggest banks with some anxiety. A poor set of results could damp the recent lending revival in a region already at risk from slowing growth and the post-Brexit fallout. (FT)

Food for thought

Pets suffer internet glitch. Household pets were at the sharp end of the so-called “internet of things” when a server outage appeared to cause a malfunction in automated feeders. Made by US company Petnet, the feeders are linked to a smartphone app, allowing absent pet owners to ensure their pampered pooches and moggies are fed. In an email to customers the company urged owners to use the tried and trusted method of feeding their pets manually until the glitch was fixed. (Guardian)

Japan’s hunt for tax evaders The Japanese government has been cracking down on wealthy tax evaders’ overseas assets. But while it is forcing some tax dodgers to come clean, it is still unsure how much money remains hidden outside Japan. Frustrated tax officials say the national tax agency does not have the right to investigate or collect taxes overseas, and it cannot look direction into individual bank accounts. (NAR)

Go to Iran An online video called Don’t Go To Iran has helped boost tourism in the Islamic Republic. Made by a Frenchman, it counters stereotypes about the country through clips taken on a visit. Visitor numbers to the country have jumped with the lifting of sanctions after 2015 nuclear deal. (Al Jazeera)

The social side of VR Plenty of virtual reality apps allow you to visit exotic places in exquisitely rendered 3D. That is not the objective of recent hit Rec Room, which instead allows you to hang out, throw darts or play paintball with other users — all in virtual reality, of course. (FT)

Deutsche Bank: problems of scale Chief executive John Cryan faces a formidable task. Deutsche’s markets business is struggling to cope with a world of lower trading volumes, while the company’s costs are stubbornly high and the bank is grappling with legal challenges that could cost billions. Last year it made a €6.8bn loss and analysts are not optimistic about this year either. (FT)

Video of the day

How Brexit ministers plan to leave EU Lionel Barber, FT editor, and Janan Ganesh, political commentator, discuss how the UK’s three Brexit ministers — Boris Johnson, Liam Fox and David Davis — plan to negotiate exit from the EU, and how they will work together. (FT)

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