International - Financial Times - Credit Squeeze

Also in today’s newsletter, European plan to replace US in Nato, and companies backtrack on climate goals in bosses’ pay

US measures are latest salvo in a ‘maximum pressure’ campaign on Tehran

And tariffs’ drag on earnings

Confusion reigns over Trump’s policies and the long-term effect of AI

With some parents requiring a 50 per cent pay rise to mitigate the effects of the threshold, the trap is zapping productivity

Lib Dem leader warns US president is ‘an unreliable ally’

Pay is out of line with the state of the economy, puzzling analysts and worrying the BoE

President signs executive order in attempt to wean America off critical resources from China

Is uncertainty about the president already priced in?

The US president has to understand that economic warfare will hit his own people in their pocketbooks

Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with Maga

Payments surpass defence spending and have risen to 3.3% of GDP for richest countries, says OECD

Figures come as Bank of England is expected to hold interest rates on Thursday

Plus the debt ceiling and the end of QT

Investigation comes as Viktor Orbán has attracted large Chinese investments to his country

The very tight rein in all aspects of policy — fiscal, monetary and regulatory — is easing

Authorities increase subsidies for exploration and mining to shore up high-tech supply chain

Central bank also lifts inflation projection as chair Jay Powell warns of tariff impact

Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry

British Chambers of Commerce head says recent warm words about post-Brexit reset are ‘not nearly enough’