International - Financial Times - Credit Squeeze

New trade deals, high-tech services and potential reforms would outweigh the US president’s duties

Leaders must stop pretending that things are better than they are

Germany argues groups such as Apple and Meta are excluded to protect Europe’s ‘digital sovereignty’

Levies and slowdown in US housing market are being felt north of the border

We may be well-meaning losers with too many projects, but there is a small rebellion to be had in making things

Trump ally insists president’s immigration policies are disinflationary

AI fever labelled ‘dotcom on steroids’ as global equities surge

American leader says Chinese counterpart approved sale of video app’s American operations

Stock rally is masking deep anxiety from investors about the path forward for the world’s biggest economy

Canadian group Neo Performance Materials predicts a three-fold increase in demand over the next decade

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Groups demand direct talks with ministers after 2025 pay rise falls behind inflation level

Also in today’s newsletter, Nvidia’s $5bn Intel investment and Japan’s central bank announces plans for $250bn ETF sale

Shortfall between April and August highlights challenge for chancellor Rachel Reeves in November Budget

And QT rolls on

How much is the US raising from tariffs and what are they doing to the economy?

Chomping at the BITs

Should 3% be the US central bank’s new inflation target?

A pan-European corporate code could unleash the scale and funding the continent’s businesses struggle to achieve

Also in today’s newsletter, China drops Google antitrust probe, and Jimmy Kimmel’s late-night television show pulled