International - Financial Times - Credit Squeeze

An institution that relied on principled co-operation was always going to stumble

Like every president, he will have to own the political consequences of rising prices

Also in today’s newsletter, BHP rules out bid for smaller rival Anglo American, and the FT launches its seasonal appeal

Beijing steps up competition with US on access to critical minerals

Commission wants greater benefits for local workers and technology transfers when foreign companies set up in bloc

Agreements at G20 and COP30 show how America’s absence has not demoralised world leaders

Trump seeks Ukraine deal before the US holiday, while UK chancellor Reeves delivers a make-or-break fiscal statement

Market Questions is the FT’s guide to the week ahead

New chief floats deals in Egypt, Pakistan and Europe as agency backs away from renewables under Donald Trump

Officials said season ticket holders on some of Britain’s busiest routes would save hundreds of pounds annually

Push for ‘road map’ on how economies can wean off coal, oil and gas fails but Brazilian presidency promises to follow up

Inflation-fuelled gastronomic boom fades as economy stabilises and stalls

EU and allies clash with oil producers led by Saudi Arabia and Russia at COP30 as talks run overtime

Expected move by chancellor Rachel Reeves next week faces strong pushback from businesses

The diplomatic rift between Beijing and Tokyo is also a test of Washington’s appetite for engagement with the region

A focus on cutting interest costs only fuels home price inflation, hitting working families

Prediction markets reflect the uncertainty around what the Fed will do in December

The event saw a shift away from showy pledges to tackling the real world complexities of cutting emissions

Potential changes come as part of broader review into bloc’s landmark measure next month

Also in today’s newsletter, Trump’s Davos stipulations, and Vanguard’s warning