Good morning from the Financial Times. Today is Tuesday, June 15th, and this is your F-T news briefing.

The world's longest undersea electricity cable is set to be switched on this week.

The US Federal Reserve may start talks over tapering its asset purchases,

and NATO leaders issue a stern warning about China. Plus, Joe Biden meets Vladimir Putin this week

in Geneva. We'll get more out of it. I mean, having this summit in the first place is a win

for Putin because he gets him what he has consistently wanted, which is a seat at the top table.

Our Europe Editor Ben Hall will tell us more about this historic face-to-face meeting.

I'm Mark Filipino, and here's the news you need to start your day.

The world's longest underwater electricity cable will be switched on any day now for a test run.

The 720 km long link is buried at the bottom of the North Sea and the Norwegian Fjords.

Britain's national grid and Norway's stat net teamed up to build the 2 billion euro North

Sea link, as it's called. It'll allow the two countries to trade power.

Cables like this are key to the UK's strategy for cutting carbon emissions and boosting offshore wind

since they allow the British grid to share or import power depending on supply and demand.

The UK has plans for two more cables or interconnectors. One will link the UK with Denmark,

the other one with France.

The US Federal Reserve starts a two-day monetary policy meeting today, and it may begin the tricky

discussions about shrinking its asset purchase program. During the pandemic, the Fed's been buying 120

billion dollars a month in treasuries and mortgage backed securities to prop up the economy.

Now, the question is when and how to wean the economy off these purchases.

I spoke to our Washington Bureau Chief James Politi about this. He said the Fed's grappling

with two countervailing pressures. On one hand, it wants to move very carefully and judiciously

...