International - Financial Times - Credit Squeeze

Reduction in employment points to continuing impact of higher payroll taxes set out in Budget last year

Lenders either risk flouting American sanctions or disobeying the highest court in the land

If the political will is lacking to seize Moscow’s reserves outright, there are other ways

Also in today’s newsletter, JPMorgan to launch German retail bank and ConocoPhillips plans thousands of job cuts

President’s levies now seen as a way to offset tax cuts and keep a lid on government borrowing

Tariffs, aid cuts and high borrowing costs have left many of the world’s fastest-growing economies at risk

Champions of artificial intelligence claim it could fuel genuine economic growth

MEPs from most parties in bloc’s assembly call for revisions to agreement

Global governance needs reform but Beijing is not the one to lead it

Governor tells committee that central bank independence is key to sound policymaking

Brussels wants to secure final approval for pact with Argentina, Brazil, Paraguay and Uruguay by December

Brazil wants to use the presidency to push for an international framework

Also in this newsletter: Mercosur endgame, and Poland and Hungary’s cleantech surprise

Also in today’s newsletter, Xi’s military parade and changes to US bank rules

Policy setters should not be swayed by a false narrative arising from soft economic surveys

The FT’s Q&A with the founder of Bridgewater Associates

Tech shares extend recent declines as rising debt piles in many major economies concern investors

Sending American chipmaking tools to Nanjing plant will now require US licences

Agreement gives Moscow much-needed export route and signals closer relationship with Beijing

The Great Monetary Schism of 2026-??