International - Financial Times - Credit Squeeze

Washington refuses to reduce 27.5% levy until Brussels cuts duties on American goods

Also in today’s newsletter, US oil group’s Russia business grows, and trouble at Saudi Arabia’s snow mountain

Flash PMI reading rose in August for eighth month in a row as trade uncertainty peters out

Industry minister tours Sweden and Finland to explore commercial ties while also seeking to bolster Arctic security

On tariffs and tax the president acts like a mafia boss, but not a very good one

As investment pours into mining projects, the country’s once-mighty manufacturing sector is stagnating and shedding jobs

The emirate has wooed hedge funds and money managers. But will they put down roots?

Comments by US commerce secretary trigger Chinese regulatory effort to stop tech groups buying H20 processors

‘Some’ members of policy setting board noted that it is inappropriate to wait for clarity before cutting rates

Latest official figures underscore stubborn price pressures confronting Bank of England

Washington is singling out New Delhi in an effort to extract concessions in trade negotiations

Monetary policymakers are on divergent paths, but face common threats

Economists say figure casts doubt on prospect of further BoE rate cuts this year

An airfare to remember

It is easy to see how tech can become an even greater bargaining chip in US foreign policy

Also in today’s newsletter, Bessent on crypto industry demand for Treasuries and the Labubu frenzy

Central bank makes quarter-point cut to 3% with further lowering expected as economy stalls

Combination of record government debt and rising borrowing costs puts central banks under pressure

Uday Kotak joins chorus of tycoons exhorting PM Narendra Modi to bolster economy with investment and reforms

Caution should continue to be the watchword in Jackson Hole until the impact of Trump’s policies are better understood