International - Financial Times - Credit Squeeze

In 2022, Bloomberg’s total return Tips index lost almost 12%, even though US inflation hit 6.45%

Also in today’s newsletter, US companies left out of defence stock rally and BP abandons pledge to cut oil and gas output

Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charity

Shifts to avoid trade war have increased Hanoi’s vulnerability as surplus with US has grown

Chinese company improves ‘yield’ of latest semiconductor, despite US efforts to prevent manufacturing advances

Is technology making tariffs redundant?

US president’s proposed new fees risk higher costs for companies, consumers and a struggling global trade system

The UK government should learn from the sorry history of cartels and monopolies

The future of the world might depend on its success

Governments are increasingly wary of relying on foreign communication systems

Europe will have to defend liberal democracy without American support

Also in today’s newsletter, staff revolt at FTI and Apple’s DEI and OpenAI initiatives under fire

‘Europe must take its own decisions’, says foreign minister José Manuel Albares

It always was — at the right price and for those with eyes wide open to the economic downside

Rate-setters need to stand ready to pause further monetary easing, Belgian central bank governor says

British government has pinpointed world’s most populous country as key export market for its businesses

G7 nations gather to discuss an end to the conflict, French and UK leaders meet Trump and Hollywood hosts the Oscars

And they should identify those they are willing to lift in order to secure a just and durable peace in Ukraine

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

The nation’s unique advantages will propel it forward