International - Financial Times - Credit Squeeze

Strategy pivot coincides with slowdown and fierce competition in world’s largest automotive market

Beijing threatens companies with harsh punishments, including exit bans, to protect against foreign sanctions

Also in today’s newsletter: Kevin Warsh’s confirmation hearings begin and rebuilding Gaza

Employment was steady and pay in line with 2% inflation target in stale data

Figures come as energy shock sparked by conflict poses new challenge for Bank of England

Read the April forecast from the FT’s Monetary Policy Radar team

Proposal examined having Emirati company manage supply chains and logistics as part of US plan for devastated enclave

Trade finance agency ‘inundated’ with requests to support US oil and gas exports, says president John Jovanovic

Absence of freight shipping crisis gives US time to pursue stand-off with Iran

Also in today’s newsletter: Japan issues tsunami warning and Keir Starmer fights for his political life

Social media posts provide frequent and early insight into inflation expectations

What will Warsh choose?

Growth of dollar-pegged crypto assets under Donald Trump risks accelerating dollarisation and enabling criminal misuse

Head of financial services group’s $1.4tn asset management division expects new tech to unleash huge productivity gains

Resilience, crisis preparedness and contingency planning must take centre stage

Experts disagree on what will tip us into a new shock, but national debt, AI and private credit are all strong contenders

Former Spanish central bank chief ranks first in poll of monetary policy experts in ‘tight race’ for Lagarde succession

A permanent cut in the payroll tax could benefit workers and the world

Plus, Middle East ceasefire deadlines, Trump attends press dinner and Fed nominee Kevin Warsh faces Senate committee

Wave of inflation will persist as higher fuel prices feed through into businesses