International - Financial Times - Credit Squeeze

The US economy outperformed its global peers but left citizens feeling worse off, leading many to turn to Donald Trump

Also in today’s newsletter, manufacturing surge boosts China’s economy and Mark Carney launches bid to become Canada’s PM

Analysts and officials warn of threat from tariffs and weak consumer demand

Inflation remains stubbornly high. Why?

Concern over US tariffs heaps pressure on industry struggling with electrification and competition from China

November expansion is first since August as pressure on chancellor Rachel Reeves to rebuild confidence grows

Their currency, our problem

Big tax cuts and tariff hikes will prevent any new Plaza Accord to manage currencies

Bidenomics’ lasting legacy may depend on Republican success

Also in today’s newsletter, Biden warns of ‘oligarchy’ in America, and Wall Street banks make bumper profits

Beijing-based Zhipu singled out among artificial intelligence start-ups for allegedly advancing Chinese military capabilities

Government expected to announce GDP expanded about 5% in 2024 but many feel economy is in recession

President-elect expected to use all government agencies to push other countries to support his agenda

Mark Irwin announced retirement from UK contractor days before Trump’s inauguration

The country’s demand for crude seems to be plateauing sooner than expected. The implications are huge

Ottawa’s energy minister calls trade tensions a ‘distraction’ from China’s rising economic and military power

Easing underlying US inflation and strong bank earnings boost equities

Alan Taylor says stalling UK economy raises risks that five or six reductions will be needed

Data drives gilts rally on hopes of rate cuts and provides some relief for chancellor Rachel Reeves

Move aims to support cash-strapped government while protecting against political instability