International - Financial Times - Credit Squeeze

Digital tokens perceived as safe assets come with hidden risks for retail investors, says Jean Tirole

Fiscal discord alarms company chiefs as PM’s confidence-vote gamble rattles markets

The global trading system is in a messy transition. What happens now

Plus, China’s show of military might, Kim Jong Un returns, UK and US elected officials go back to work

Market Questions is the FT’s guide to the week ahead

Gita Gopinath, the IMF’s outgoing number two official, reflects on six tumultuous years for the global economy

Donald Trump’s trade war drives rapprochement between world’s two most populous countries

Finland central bank governor Olli Rehn says inflation risks ‘currently tipped to the downside’

Operators look to avoid potential multimillion-dollar charges for American visits

Shanghai Cooperation Organization security meeting will mark Indian PM’s first visit in 7 years

Judges uphold ruling that the president exceeded his authority

Words are replacing action, but success doesn’t manifest itself

Experts are struggling in a less predictable world rife with simple and popular answers

Economy contracted at 1.6% rate in second quarter as exports to US declined

Stronger than forecast GDP in April to June quarter seen as cushion ahead of expected growth hit from trade war

Also in today’s newsletter, UK banks’ tax raid fears, and why progressives should care about falling birth rates

New levies on parcels worth less than $800 mark latest salvo in US president’s trade wars

Bloc must be prepared to walk away from trade deal with US if it retaliates against Brussels’ digital laws, warns Teresa Ribera

WTO members seek to boost ‘trade openness’ in era of Donald Trump’s protectionism

In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street