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Malaysia’s trade minister has issued a blunt appeal to the US and China to feel a greater sense of “global responsibility” and “stop thinking only of themselves” as they try to reach agreement to end their bitter trade war.

Liu He, China’s vice-premier, was due to attend a new round of talks in Washington on Wednesday with Robert Lighthizer, the US trade representative, and Steven Mnuchin, the US Treasury secretary. If an agreement were finalised it could pave the way for President Donald Trump and Xi Jinping, his Chinese counterpart, to sign the deal later this month. But officials involved in the talks have warned that the discussions could drag on for weeks or months or collapse altogether.

Darell Leiking, the Malaysian trade minister, told the Financial Times that the outcome of the negotiations between Washington and Beijing would “affect everyone” and there were already worrying signs of a slowdown in business due to the tension between the world’s two biggest economies.

Darrell Leiking, Malaysia's international trade and industry minister, speaks during an interview at the New Dawn Investors' Conference in Kuala Lumpur, Malaysia, on Tuesday, Oct. 9, 2018. Malaysian Prime Minister Mahathir Mohamad's dream of developing a homegrown automotive brand has courted interest from neighboring countries, Leiking said. Photographer: Samsul Said/Bloomberg
Darell Leiking, Malaysia’s trade minister, said he was surprised by Italy’s endorsement of China’s Belt and Road Initiative © Bloomberg

In the news

Boeing ‘fix’ delayed
The software update to Boeing’s 737 Max has been delayed. The Federal Aviation Administration said it expected to receive a final version of the update in the “coming weeks”. But Boeing had previously said it would submit the fix by the end of March. (FT)

Stocks rally, Treasuries slide
US government bonds recorded their steepest sell-off in almost three months on Monday, amid upbeat manufacturing data out of the US and China that sent investors flocking to stocks. Lyft shares, on the other hand, tanked on their second day of trading and ended below their IPO price. (FT)

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Property slowdown
Sales of Manhattan apartments slowed in the first quarter of this year amid a flurry of new developments coming to market. The number of sales of apartments in new developments fell 39.4 per cent, according to real-estate appraisal company Douglas Elliman and Miller Samuel. Meanwhile, vacancies at US shopping centres are at their highest for eight years. (FT)

Impossible Foods’ big appetite
Impossible Foods, the US plant-based meat company, is looking to raise fresh funding to increase its production capacity after striking a distribution deal with fast-food chain Burger King. Investors hope the company will achieve a valuation of more than $1bn. (FT, Reuters)

White House whistleblower
An employee of the president has alleged that Trump administration officials took inappropriate steps to grant security clearance to more than two dozen employees. Tricia Newbold, who currently serves as the adjudications manager in the personnel security office of the White House, warned that security clearance applications had not always been adjudicated “in the best interest of national security”. (FT)

US-Turkey row hots up
The US has stopped deliveries related to Turkey’s use of the F-35 jet fighter, marking a significant escalation of a dispute between the two allies over Ankara’s decision to take delivery of a Russian missile defence system. (FT)

Biden and a second woman
A second woman on Monday accused Joe Biden of touching her in a way that made her feel uncomfortable, intensifying the scrutiny of the former vice president’s close physical interactions with women over the years. “When he was pulling me in, I thought he was going to kiss me on the mouth,” Amy Lappos, said in an interview with The Hartford Courant. (NYT)

The day ahead

Crisis talks over Brexit
Theresa May will hold five hours of crisis talks on Tuesday with her cabinet after the House of Commons again failed to agree on an alternative to her Brexit deal. With just 11 days before the UK’s scheduled departure from the EU, parliament voted down four separate proposals for a soft Brexit on Monday night, compounding the sense of political deadlock in Britain. Meanwhile, the EU’s chief Brexit negotiator, has warned that a no-deal outcome “becomes day after day more likely”. (FT, Guardian)

Dow’s new dawn
Dow, the chemicals and plastics group being spun out of DowDuPont, became a separate company on Monday and will join the Dow Jones Industrial Average on Tuesday, with a market capitalisation estimated at about $40bn. (FT)

Tesla sales dive
Tesla is expected to report one of the biggest sales falls in its history. Analysts expect the electric carmaker to report that the number of cars it delivered during the first quarter dropped sharply from 90,700 in the previous three months, but not in Europe. (CNN, Electrek)

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What we’re reading

Nato’s anxious anniversary
The commemoration of Nato’s 70th anniversary is turning into a public test of the tension tearing at the 29-member bloc since Donald Trump took office, with European leaders wondering whether transatlantic ties will be renewed by Mr Trump’s successor or continue to fray further. (FT)

Inside Andreessen Horowitz
A decade after gatecrashing Silicon Valley’s most exclusive party, Ben Horowitz is sounding vindicated. The venture capital firm he set up with Netscape co-founder Marc Andreessen has long drawn detractors but after turning a $100m investment in ride-hailing company Lyft into a holding worth more than a $1bn, the message to his critics: “It’s not easy to make $900m.” (FT)

Why the new nationalists love Israel
With a week to go before Israeli elections, Prime Minister Benjamin Netanyahu is mired in scandal at home but acclaimed by a new generation of nationalist-populist leaders abroad from Washington to Delhi, Budapest and Brasília. (FT)

Saudi women’s restaurant revolution
Female entrepreneurs are breaking into the food business as part of economic reforms aimed at increasing women’s representation in the conservative kingdom’s private sector. One vehicle for this workplace revolution: food trucks. (FT)

Brexit’s big winners: lawyers
Brexit is proving to be one of the most complicated political and economic divorces in history. But it is also a bonanza of billable hours for Britain’s top law firms, who are cashing in, offering “mitigation” services for nervous businesses. (NYT)

The first birth control app
Natural Cycles, a fertility-tracking app, is more effective than the pill. It is the first and only mobile application cleared for marketing as a certified contraceptive in Europe and the US. But that didn’t help it escape a PR crisis — when it worked perhaps a little better than intended. (Bloomberg)

The opioid epidemic’s new ground zero
The opioid epidemic is increasingly killing black Americans. For the past two decades, the news media has generally focused on white victims of the opioid epidemic in suburban and rural areas, such as in West Virginia and New Hampshire. But between 2011 and 2017 the overdose death rate among black people more than doubled and Baltimore is ground zero. (Vox)

Video of the day

How to contribute an opinion to the FT
Here at the FT we want to hear from you. But first some guidelines. Opinion and analysis editor Brooke Masters talks through the essentials for a successful contribution to the our opinion pages. (FT)

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