International - Financial Times - Credit Squeeze

Canberra puts funds into manufacturing revival to reduce reliance on resources and agriculture

Economic realities vary widely across US households and regions

Levy will lead to higher food prices and affect small importers the most, businesses warn

US central bank needs ‘greater confidence’ before cutting interest rates, chair says

Price of metal climbs to record of $2,295 a troy ounce

Brussels says subsidies distort European market in ‘strategically important’ sector

Also in today’s newsletter, eurozone inflation drops to 2.4% and Nato ministers in talks to create $100bn fund for Ukraine

Lower than expected figure bolsters expectations of ECB interest rate cuts by summer

Europe’s regulations have become ‘too burdensome’ and could hinder innovation, argues Michael Lohan

Traders forecast benchmark rate will settle at about 3.5%

Outperformance by Italy, Spain, Portugal and Greece contrasts sharply with stagnation in Germany

US and Chinese leaders discuss Taiwan, TikTok and sanctions among other issues in nearly two-hour long discussion

Top US monetary policymaker all but rules out cutting borrowing costs as early as May

Swaps markets price in less than 0.75 percentage points of rate reductions

All the evidence shows that despotism cannot consistently deliver the economic goods for developing countries

Plea from angry residents for investigation denied, preventing wider probe into England’s local authority funding crisis

Reforms come after central bank was criticised for failing to predict post-pandemic jump in inflation

Prices in Europe’s largest economy rise at lowest level in nearly 3 years

Sticky inflation has unnerved financial markets, but officials have stood their ground

Also in today’s newsletter, US and UK sign landmark AI deal and UBS promises $2bn buyback