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In the news

Germany's economy minister said talks on the Transatlantic Trade and Investment Partnership, or TTIP, the free trade deal being negotiated between the EU and US, had essentially failed. “The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American demands,” Sigmar Gabriel said. (Reuters)

'Alt-right' movement takes centre stage in US election The fringe group is essentially rebranded white nationalists and racists. They believe they've found their standard bearer in Donald Trump. (FT) Sign up for our daily US politics newsletter here.

Carlyle weighs withdrawal from hedge funds The group is considering whether to withdraw from its hedge fund activities, as the private equity group struggles with its offerings and as one of its remaining vehicles has shrunk by almost 90 per cent in two years. (FT)

Central bankers face brave new world The message from the meetings in Jackson Hole was clear: there is no winding the clock back to the pre-crisis world of central banking as officials seek ways of improving their monetary weaponry. The point was made by Janet Yellen, the Federal Reserve chair, in a speech that opened the Kansas City Fed’s annual symposium, a gathering of the central banking elite in Grand Teton National Park. (FT)

Fighting escalates on Turkey-Syria border The newest battlefront of the Syrian war finds Turkish forces facing off against Syrian Kurdish rebels. (WSJ)

Chinese flee their country for better education, clean air A growing number of ordinary Chinese are fleeing to settle in other parts of the world. They stash away money to acquire the right of permanent residence in countries like the US. (NAR)

It’s a big day for

Greece Finance minister Euclid Tsakalotos and economy minister George Stathakis are scheduled to meet EU economic affairs commissioner Pierre Moscovici. The meeting comes days after Athens rebuffed Brussels’ demand that it defend its independent statistics body. (FastFT)

Keep up with the important business, economic and political stories in the coming days with the FT’s weekahead.

Food for thought

Azerbaijan: aiming to please The need for western funds in order to complete big energy projects is forcing Baku to tackle corruption. (FT)

Tensions rise between Greeks and refugees The Greek migration crisis is coming to a head, becoming a cauldron of frustration for locals and refugees alike. (FT)

No vacancies for black people at Trump properties How Donald Trump got his start in the real estate business — and was first accused of racial bias. (NYT)

The court that rules the world Inside the parallel legal universe that helps executives convicted of crimes escape punishment. (BuzzFeed)

The most exclusive restaurant in America People travel from all over the world to try Damon Baehrel's food, and his tiny, rural restaurant is booked until 2025 - or is it? (New Yorker)

The Seal Team 6 member left for dead An airman with the elite unit that killed Osama bin Laden is being considered for the Medal of Honor after new video suggested that he bravely fought alone on an Afghan peak. (NYT)

Video of the day

A look at the week ahead Nalini Sivathasan looks at big stories in the week ahead, including Mariano Rajoy’s confidence vote, which could end political turmoil in Spain, results from two of China’s biggest lenders, and eurozone and UK economic data after the Brexit vote. (FT)

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