International - Financial Times - Credit Squeeze

Acquisition is first by a Swiss pharma group since the country was hit by steep tariffs 

Central bank’s first reduction in borrowing costs this year comes amid growing worries about the labour market

Beijing regulator’s investigation had centred Android operating system’s dominance

Brooke Rollins says a package to offset rising costs for growers could be announced ‘soon’

You can make a reasonable case for Starmer’s transatlantic trade pact but it’s subject to continual risk

Consumer goods group pledges spending as EU regulators probe its proposed acquisition of Kellanova

Health technology, from stents to CAT scanners, was historically exempt from import duties for ethical reasons

Dan Katz expected to become second to fund chief Kristalina Georgieva

Economists fear that president is trying to strengthen control of governing bodies with revision to draft bill

Also in today’s newsletter, tricky questions cloud Trump’s UK state visit, and taxing the super-rich

Electricity price inflation sparks political debate ahead of elections

Poorer countries need to be able to share benefits of artificial intelligence, report says

US citizen Chenyue Mao had been restricted from leaving country under opaque measure for several months

Figure strengthens case for Bank of England to leave interest rates unchanged on Thursday

Also in this newsletter: EU rights agency raises alarm about growing discrimination against intersex people in Europe

Trump officials putting pressure on countries through trade negotiations, former vice-president says

Tougher stance on country of origin rules and scrapping of de minimis exemption drives up price in US

Labour-intensive industries such as textiles and jewellery projected to be worst hit by US levies

Fiscal systems designed around income and consumption struggle to capture wealth, and billionaires are highly mobile

Chamber urges Beijing to lower trade barriers as businesses suffer bottlenecks over critical minerals