International - Financial Times - Credit Squeeze

World’s second-largest economy has turned to trade to offset weak domestic consumption

Incorporating inequality into the field is an uphill battle

The wealth surrounding you may make you less happy if it means you perceive your status as lower

Opposition targets defence and security pact plus trade links but red lines on single market and customs union remain

(We’re talking about US rate cuts, not revolution)

Research suggests that these have long been in steady decline

Rishi Sunak hoped to go to the polls in the autumn with cheaper mortgages and lower taxes

Talk of reviving Theresa May’s Chequers plan hints at a wider debate within the opposition party about future UK-EU ties

Megan Greene argues in the FT that investors are wrong to bet on early UK rate cuts as expectations also shift in US and eurozone

Some policymakers backed cut at Thursday’s meeting as bank signals it will consider such a step in June

Kristalina Georgieva calls for measures to boost productivity and lower debt to avoid ‘tepid twenties’ era

Also in today’s newsletter, Biden announces ‘ironclad’ support for Israel and Trump’s hush money trial

Arguments for subsidising green innovation

And Apple’s legal fight

Consumer prices are rising quickly at just the wrong time for the US president

Inflation persistence is a greater threat for the former than the latter — and rates cuts are a way off

Figures underline challenges for the world’s second-largest economy

Investments elsewhere begin to pay off as Chinese market matures

Figures for consumer prices and core inflation exceed expectations

Hedge fund billionaire is considered possible pick for Treasury secretary