International - Financial Times - Credit Squeeze

Also in this newsletter: European plastic industry on the brink

Hakainde Hichilema tells FT abrupt closure of USAID was a ‘shock’ but offers opportunities for African nations

The massive bond purchases are being unwound at a time of fierce political criticism of the monetary authorities. The controversy could limit options in future crises

In meeting with PM Mark Carney US president fails to announce any change to tariffs on biggest commerce partner

Brussels also plans to cut amount that can be imported tax free which would be ‘terminal’ for British companies

Dublin uses corporation tax bonanza to boost outlays despite warnings from central bank as budget surplus shrinks

Nostalgia is not a strategy: the past cannot return

Bond markets are losing patience with political paralysis

Grocer reduces prices on almost 1,000 products, squeezing margins in fiercely competitive sector

Impact of trade war delayed by stockpiling and AI economy

Lobbying to shape levies on medium and heavy trucks expected to be furious before November 1

Its predictive power on year-ahead core price pressures is worrying central bankers

Also in today’s newsletter, Macron urged to call elections and the emerging market stock rally

Country is uniquely exposed to Washington’s threat of national-security levies being imposed on health equipment

Who’d a thunk it?

The Bank of England must acknowledge the priority of reviving investment-led growth and stop quantitative tightening

Libertarian leader has slashed inflation but austerity and strong peso have stalled activity

Announcement comes on eve of talks in Washington with Canadian Prime Minister Mark Carney

European Commission set to propose a levy of 50% on steel imports

US agricultural exporters could see the trade war coming — and voted for him anyway