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US and NATO report no indications that Russia is preparing to use nuclear weapons. The EU agrees to new sanctions on Russia, including price cap on oil. Eurozone producer prices rose in August at the fastest pace since records began in 1981. Analysis: The Future of Money: Beijing’s Plans to Decouple from the Dollar.

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A rundown of important global risk developments in markets, in business, and region by region.

Analysis: The Future of Money: Beijing’s Plans to Decouple from the Dollar

As part of China’s drive for superpower status, Beijing is adopting a long-term initiative to internationalize the yuan and end its dependency on the US dollar. Beijing feels both vulnerable to Washington’s parochial management of monetary policy and its use of economic power as a coercive tool of state with global dependence on the dollar.

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