International - Financial Times - Credit Squeeze

Also in today’s newsletter, Putin’s Ukraine proposal and Maga Catholics seek ‘Trump-like’ pope

Optimism falls to lowest level since November 2022 while activity declines to close to stagnation

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Global stocks and dollar rise after US president eases pressure on Fed chair

China’s biggest car show hears German group’s ability ‘to import and export in all directions’ is affected

Treasury secretary tempers optimism over negotiations with Beijing, saying it would ‘be a slog’

And more on inflation expectations

Novartis and Sanofi CEOs push for European benchmark against US prices

Manufacturers struggle to attract young workers for physically demanding roles with long hours and low pay

Developing nations are ‘main defenders’ of global diplomacy, argues president’s top foreign policy adviser

A component levy on foreign-made semiconductors would function as a major tax increase on electronics sold in America

The hedge fund Elliott is turning up the heat on BP with a demand for deep spending cuts

Fresh claims follow allegations last year that the chair presided over a toxic workplace culture at the organisation

Sector has largely benefited from tariff-free trade since 1979

Scott Bessent tells investors he expects the two countries to reach a deal that would end restrictions on flow of goods

Third-party vendors are betting that White House will back down on steep China levies

Aston Martin and other marques that depend on American market may require aid such as furlough schemes, auto chief says

S&P 500 index rebounds after fall on Monday

The IMF is trying to make sense of the unknowable

The Fed chair is determined to see out his term, and lawyers at the central bank think he has good grounds to do so