A fall in the yuan’s daily fix to a five-year low has the market wondering whether China is heading for another bout of currency devaluation jitters. Paul McNamara of GAM tells Roger Blitz that a strong dollar is bound to cause problems for China, but not on the scale of previous episodes of FX volatility.

 

US-backed forces this week launched an attack on Raqqa in Syria, close to the de facto capital of the Islamic State, as the Iraqi government launched its own attack on Fallujah. Siona Jenkins asks the FT’s Middle East correspondent Erika Solomon if the two assaults on Isis-held territory were related.

 

Will another report criticising Hillary Clinton’s use of a private email server haunt her presidential campaign? Why is Bernie Sanders sticking out the rest of the Democratic race? The FT’s Demetri Sevastopulo and Courtney Weaver discuss this and more from Washington, D.C. Clips courtesy of Reuters.

 

President Barack Obama used a visit to Hanoi this week to announce that the US was ending a 50-year arms embargo on Communist Vietnam, in the latest push to strengthen opposition to China’s territorial ambitions in Asia’s seas. Michael Peel, the FT’s Bangkok correspondent, reports.

 

Presenter Claer Barrett and asset management experts discuss the multitude of charges taken out of our investment funds, workplace pensions and SIPPs

 

Austria came within a whisker of electing a far-right candidate as its head of state this week. As EU leaders breath a collective sigh of relief, World News editor Ben Hall discusses the ramifications of the election with the FT’s Austria correspondent Ralph Atkins and Brussels bureau chief Alex Barker.

 

Volkswagen has put $300m into Israeli taxi start-up Gett on the same day Toyota announced an undisclosed investment in US ride-hailing app Uber. Matthew Vincent asks the FT’s motor industry correspondent Peter Campbell what’s behind these moves.

 

Bayer, the German aspirin to week killer conglomerate has made a $62bn all cash offer for Monsanto, the US agribusiness. If agreed, the deal would create a huge global company providing farmers with everything from seeds to crop chemicals. Matthew Vincent asks FT Berlin correspondent Guy Chazan and Chicago correspondent Lindsay Whipp, to assess what chance the megadeal has of going through.

 

Motorists in France are facing long queues for petrol after unions opposed to the government’s labour reforms tightened their blockade of the country’s oil refineries. Joshua Chaffin asks the FT’s Paris bureau chief Anne-Sylvaine Chassany why the unions are so angry.

 

Patrick Jenkins and guests discuss the rapid rise of contactless payments in the UK, management changes at UniCredit, Italy’s biggest bank, and how Moody’s, the ratings agency, views US investment banks.