Indonesia vows $2bn Christmas stimulus as economy flags
Jakarta hopes to get consumers spending with discounts in December on everything from flights to groceries
International - Financial Times - Credit Squeeze
Trump announces timber and furniture tariffs
Latest levies to rise to as high as 50% for countries that do not strike trade deals with US
Prices in UK shops rising at fastest rate in 18 months, industry figures show
Rapid increase in cost of food counteracts falls for other goods, British Retail Consortium reports
A window to a future where China wins the green race
As electricity becomes the new oil the developing world may be a forerunner in co-operating with China
US tightens export controls on Chinese companies
New Trump administration rule affects subsidiaries of groups blacklisted by US government
Switzerland agrees with US not to manipulate its currency
Rare joint statement with US Treasury seen as ‘green light’ for further currency intervention by Swiss central bank
US and Eurozone central bankers divided over stablecoins
Fed governor Christopher Waller endorses digital tokens at Frankfurt conference while Bundesbank president Joachim Nagel expresses caution
China’s self-sacrificing WTO gambit is mainly for show
Beijing’s decision to eschew developing country status won’t rescue multilateralism
FirstFT: Donald Trump to hold crunch talks to avoid a government shutdown
Also in today’s newsletter, First Brands files for bankruptcy and Netanyahu meets Trump at the White House
Inflation is more than tariffs
Plus, will Korean and Japanese investments in the US happen?
Ireland must adopt and stick to fiscal rule, central bank chief warns
Gabriel Makhlouf also says in FT interview that European Central Bank is ‘near the bottom’ of rate-cutting cycle
Trump’s erratic policymaking frays nerves at multinational groups
Some companies weigh whether to move staff or activity from the US, executives and advisers say
The influence of ‘geoeconomics’ is growing
Financial anomalies are another sign of how political factors are shaping economic policies and markets
A significant moment for leadership of Japan and UK
Keir Starmer will deliver a critical speech to his party, while Japan’s election is set to make political history
Brussels told to prove digital rules do not ‘punish’ US tech or fix them
Donald Trump’s ambassador to EU says no US president can ‘allow these kinds of infringements’ on American companies
Economists favour Waller to lead Fed but expect Trump to pick a loyalist
Kevin Hassett seen as most likely to replace Jay Powell under pressure from president, according to FT survey
Trump adviser signals support for renewing US-Africa trade pact
Massad Boulos says administration backs ‘objectives’ of 25-year-old Agoa, which will lapse next week
US soyabean farmers squeezed as China blocks imports and stockpiles rise
Overseas sales of top US export crop plummet as trade talks between Washington and Beijing stall
China industrial profits return to growth
Boost comes as Xi Jinping calls on companies to stem aggressive price competition
US lifeline for Argentina relies on IMF backstop, say analysts
Trump administration’s $20bn swap line threatens to load even more debt on to struggling South American country
Global Economy
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