International - Financial Times - Credit Squeeze

Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown

Also in today’s newsletter, Fed cuts US growth outlook and Microsoft threatens to end OpenAI partnership

It’s high time for the EU to overcome its childish resistance to permanent joint borrowing

Brussels pushes for agreement that could leave some tariffs in place

Nippon Steel’s $15bn deal for US Steel reflects a version of capitalism that does not fully serve the interests of shareholders

Central bank officials split amid concerns over higher inflation as a result of tariffs

Signs of property market weakness come hours ahead of Federal Reserve’s decision on interest rates

Without political consensus, hawkish central banks and budgetary rules will not bring economic stability

Also in today’s newsletter, Big Tech lobbies against AI rules and US to delay TikTok ban again

Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

Figure strengthens expectations that Bank of England will keep interest rates unchanged this week

US official indicates the measure would be used sparingly in future cross-border takeovers

If weakness emerges in American assets, it will show up more in the dollar, not stocks.

Data sets back hopes that struggling market could stabilise this year

The FT’s chief economics commentator selects his best mid-year reads

Ten years after the signing of the Paris climate accord, demand for coal shows no sign of peaking

What impact do gatherings like the G7 have in times of global instability?

US president will sign an executive order this week extending deal deadline by 90 days

Once at the vanguard of globalisation, international business chambers in the country now face a trickier challenge in seeking change

Starmer’s top business adviser to travel to Washington for next round of trade talks