International - Financial Times - Credit Squeeze

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’

Bank’s latest projections show officials expect GDP to expand by 1.7 per cent this year

US wants Britain to drop its digital services tax, which affects big American companies

Also in today’s newsletter, Turkey’s opposition leader arrested, and Nvidia unveils new AI chip

Risk of potential US downturn weighs on Tokyo’s hope for economic revival

April 2 will be a big day

The Descent of Mann

Trump’s administration has expressed more tolerance for the economic fallout from tariffs than expected

University of Michigan survey shows American households’ outlook for price growth is at its highest since the early 1990s

Regulator probing whether ‘premium finance’ unfairly treats policyholders who do not pay up front

Germany’s central bank compares Eurozone bank policies and rhetoric in study powered by artificial intelligence

Two decades after Eritrea expelled the American agency, other nations must now find a way to survive without it