International - Financial Times - Credit Squeeze

How would the former central bank governor change the institution?

US carmaker reports fall in quarterly profits and abandons guidance amid trading turmoil

America’s 47th president plays unwitting ally to non-populists everywhere except at home

Also in today’s newsletter, Ukraine peace talk fears and Trump’s first 100 days

Streaming group reaches 268mn paying subscribers in strongest first-quarter growth since 2020

Anglo-Swedish pharma company’s first-quarter earnings boosted by strong demand for cancer drugs

Election hands victory to centrist leader who vowed to defy the US president

Beijing hardens rhetoric as it rolls out social media videos portraying itself as standing up to American ‘bullying’

Carmakers have cut or withdrawn guidance for this year as impact of trade war remains unclear

The darkest hour and the dawn

A tariff is a tax, but a tax is not a tariff

The fallout from the chaos unleashed by Trump’s tariffs is set to be significant, with governments, multinational organisations and companies all scrambling to respond. But some consequences may prove surprising

Trade war leads ecommerce group to seek steep discounts from sellers, particularly from China

Against an uncertain policy outlook, we need to utilise durable economic statistics that tell the real story

Director-general of the multilateral institution says challenge could be beneficial, but others warn of looming ‘chaos’

Ioneer’s Rhyolite Ridge project part of US ambitions to secure supply of critical minerals

Challenges include achieving unity among member states on trade pacts and its negotiating stance with the US

The WTO may be weakened, but a pragmatic resistance to protectionism among other nations could save world trade

Sustainable adjustments to trade imbalances require supportive monetary and fiscal policies — not just currency intervention

The unravelling of complex supply chains will put major industries at risk, even in the US, executives say