International - Financial Times - Credit Squeeze

The mayhem of Mar-a-Lago is less effective than the boredom of Brussels

Also in today’s newsletter, Saudi companies retrench after fall in oil prices and Berkshire after Buffett

Currency surges as life insurers move to cover under-hedged positions in US assets

And China’s economic cards

Plus, Trump adviser struggles to calm investors, the US economy contracts, and Edvard Munch at the National Portrait Gallery

Industry body warns that more than $100bn is at risk if the precious stones are not exempted from duties

In Latin America, the ‘pink tide’ is running out and offering global capital new hope

Investors should pursue a ‘barbell approach’ that focuses on high conviction public credit trades and strongly secured private credit

European leaders need to shed their political timidity to take the necessary steps

Threat of a damaging trade war sparked a lobbying campaign by the world’s most powerful business leaders

The US president’s trade policies are a ‘catalyst’ for the greenback’s fall

Asian neighbours wary of becoming staging posts for trade actually destined for US

US president expands trade war to film industry in pledge to prevent ‘death of Hollywood’

Merz takes over as German chancellor, Vatican conclave begins and Skype waves goodbye

Dubai-based family office plans financial zone for the Indian Ocean archipelago

President faces backlash after warning Americans they will have to make do with fewer toys at Christmas

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

Trump’s damage to America’s growth rate will be mostly reversible

State-backed group accelerates investment plans as it deepens collaboration over the technology

Brussels revives plan to forge strategic partnership with CPTPP to defend rules-based global system