International - Financial Times - Credit Squeeze

Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation rise

America’s grip on global financial services could provide Trump with another source of leverage

Also in today’s newsletter, the resurrection of Andersen Consulting, and hiding savings from a significant other

Bloc concerned about president-elect reversing US sanctions against Russia and other policies

Equity market optimism about president-elect’s impact contrasts with warnings over hit to GDP growth

Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year

Prisons minister James Timpson’s initiative will see people on probation and serving sentences outside jail helped into work

Unusual diplomatic overture comes as Beijing braces for escalating tensions with new administration

Kansas City Fed chief Jeff Schmid calls for ‘gradual’ changes in monetary policy

The 19th-century political economist understood that the whole of society should benefit from outsized profits

From borrowers to sorrowers

Currency softens over weakness in world’s second-largest economy and fear of Trump tariffs

Also in today’s newsletter, corporate borrowers rush to lock in loans and the growing interest in lunar spectrum

The new president is not the man to shore up the US ‘economic security state’

Beijing has struggled to stimulate domestic demand in economy

Minutes from December meeting show policymakers are concerned about US inflation risks

Donald Trump’s vow to rename Gulf of Mexico the ‘Gulf of America’ is latest dig to neighbouring countries

Also in today’s newsletter, Facebook ends third-party fact-checking, and analysts turn on Citi’s chief executive

Minister says proposed AirTag factory would not help US tech giant meet local content rules on smartphone sales

Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans