International - Financial Times - Credit Squeeze

US pressure has derailed a landmark deal to curb maritime carbon emissions

Access to the US market is not the significant point of leverage the president believes it to be

In the era of protectionist policies, business leaders need to build public sector trust

Figure prompts traders to increase bets on Bank of England interest rate cut this year and sparks gilt rally

A would-be blueprint for Conservative boosterism is a curious collection of old economic ideas

Also in today’s newsletter, Bessent faces backlash over Argentina and bidders circle Warner Bros Discovery

Projection clashes with IMF estimates that rule out US making progress in lowering deficit

The mandarin’s mandarin on G20 communiqué scrapping, the risk of a ‘Truss moment’ in Treasuries, and the dollar’s endangered dominance

Trump administration plans trade assault in attempt to drive down cost of medicines including weight-loss pills

Ronald Lamola tells FT Africa Summit that Washington wants to include Black empowerment and land policies in negotiations

Fossil fuel exporters claim investment and security of supply will be imperilled

Size of US bailout and support for agricultural rival begin to rankle the president’s political allies

California-based toy manufacturer says retail customers shift order patterns to avoid levies

Brussels’ trade commissioner and Chinese commerce minister also discuss ‘serious’ situation at chipmaker Nexperia

Javier Milei’s plight in Argentina demonstrates how difficult it can be to rescue economies

BoE governor draws parallel with practices before 2008 financial crisis

No one seems to agree about the risks the system is running

Also in today’s newsletter, Japan’s parliament elects first female leader and Argentina’s currency falls further

Plus what the alternative labour data says

Findings challenge narrative that food price growth is being driven by higher taxes and wage costs