International - Financial Times - Credit Squeeze

Household goods group to axe 15% of non-manufacturing roles over next two years amid tariff uncertainty

The City gets road rage

CK Hutchison’s $23bn sale has raised worries of MSC’s increased control of global port infrastructure

Despite past criticism by Scott Bessent and Stephen Miran, the debt strategy persists and is spreading internationally

Fund deputy warns policymakers are ‘steering through the fog’ as they weather Donald Trump’s unpredictable tariffs

Falling commodity prices and trade tensions add to concerns over south-east Asia’s largest economy

The industry has suffered from overproduction and protectionism for decades

Partnership between US and Chinese tech groups stalled by Beijing regulator in wake of geopolitical tensions

European trade commissioner Maroš Šefčovič raises shortage of vital materials with Chinese commerce minister

US president says Federal Reserve has been too slow to lower borrowing costs in contrast to ECB

Dollar Tree and Dollar General say more middle- and high-income shoppers are visiting their outlets

Industry warns about impact of uncertainty after Donald Trump sets deadline for trade deal

Country’s populist pro-Russian forces continue to oppose adoption of the euro

Finance minister Lars Klingbeil outlines measures to boost corporate investments amid threat of US tariffs

Also in today’s newsletter, Musk calls Trump’s tax bill an ‘abomination’, and Silicon Valley’s espionage trial

Ties are strained over slow approval of export controls for rare earths

Also in this newsletter: The red tape holding back Europe’s armies

US president escalates trade war by doubling levies on all exporters except the UK

Officials fear the US president will play the big issues off against each other over five weeks of wide-ranging talks

UK bosses press Sir Keir Starmer for rapid implementation of trade deal agreed with president