International - Financial Times - Credit Squeeze

The effects of the war are still feeding through the global economy

Oil prices tumble following deal between Washington and Tehran to open Strait of Hormuz

The FOMC worried about war uncertainty and elevated labour market risks after poor February labour market data

Minutes of March meeting show policymakers debated whether to focus on inflation or jobs market risks

Fund’s research tempers claims by European governments that bigger military budgets should revitalise their economies

Rio Tinto’s $800mn revenue hit highlights growing costs of business interruption

Also in today’s newsletter: Perplexity’s revenues jump 50% in a month and Turkey sells $20bn of gold

None compare to the OG sovereign default

When the central bank tightened policy in an oil shock it proved a costly error. This time might be different

New research forecasts hit to GDP from lower productivity and workers quitting because of long-term illness

Brussels is proposing to tighten safety rules that apply to a small number of specialist imports

In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China

The country is rapidly moving up the global ranks as an exporter of knowledge-intensive products

What the 1960s can teach us about our economy

With the Iran war set to fuel price growth, worker representatives consider ways to secure higher wages

Controversy over sky-high prices for Oasis reunion tour prompted prime minister to launch a regulatory review

Non-bank lenders rapidly reduce holdings of EM debt during shocks such as the Iran war, analysis suggests

An assessment almost six weeks into the latest global economic crisis

Also in today’s newsletter: Citigroup seeks to jump-start its money management business and Artemis II circles the Moon

Beijing lobbying stepped up at UN meetings over summit for high seas