International - Financial Times - Credit Squeeze

The economist is seen as an independent voice, raising the chances of future tussles with Donald Trump

Trump’s choice of chair will shift from Powell’s data-dependent approach to policy

UK prime minister travels to Shanghai seeking to drum up deals after meeting Xi Jinping

Growth was led by Spain with Germany and Italy also doing better than anticipated

President has announced Kevin Warsh as his nominee to chair US central bank

US president says he will announce nominee to replace Jay Powell on Friday morning

Also in today’s newsletter: Apple’s blockbuster quarter and HSBC targets HK IPOs

Read the central bank’s January forecast from the FT’s Monetary Policy Radar team

A European and an Indian perspective on nearly two decades of talks

Trump threatens tariff on Canada-made aircraft sold into US unless Gulfstream jets receive certification

Treasury issues ‘general licence’ that will allow American groups to purchase and resell the South American country’s oil

Europe needs to play a lead role in efforts to de-risk from Trump’s America

It’s the economy, stupid

If you want to see how entrenched the US currency is in the global system, look at the foreign exchange swap market

Latest data shows tentative signs of improvement after years in the doldrums

Read the January forecast from the FT’s Monetary Policy Radar team

Also in today’s newsletter: copper hits record high, and Trump’s options in Iran

Plus, the falling dollar

Italian label has been investigating since 2020 as allegations of worker exploitation plague luxury industry

Aston University study highlights the economic risks to the EU and UK of matching Donald Trump’s tariff threats