International - Financial Times - Credit Squeeze

Economists say cheaper automation could explain why country maintains low-end manufacturing even as wages rise

Accord has benefits for both blocs in the face of Trump’s economic nationalism

The case is an important test in the escalating power struggle between the US executive and parts of the judicial system

US restrictions spur Brussels to find alternative — and some unlikely — markets

FT survey cites fears that president’s assault has caused long-term damage to the US central bank and economy

Also in today’s newsletter, earthquake hits Afghanistan and Nobel laureate Jean Tirole warns on stablecoins

Digital tokens perceived as safe assets come with hidden risks for retail investors, says Jean Tirole

Fiscal discord alarms company chiefs as PM’s confidence-vote gamble rattles markets

The global trading system is in a messy transition. What happens now

Plus, China’s show of military might, Kim Jong Un returns, UK and US elected officials go back to work

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

Gita Gopinath, the IMF’s outgoing number two official, reflects on six tumultuous years for the global economy

Donald Trump’s trade war drives rapprochement between world’s two most populous countries

Finland central bank governor Olli Rehn says inflation risks ‘currently tipped to the downside’

Operators look to avoid potential multimillion-dollar charges for American visits

Shanghai Cooperation Organization security meeting will mark Indian PM’s first visit in 7 years

Judges uphold ruling that the president exceeded his authority

Words are replacing action, but success doesn’t manifest itself

Experts are struggling in a less predictable world rife with simple and popular answers

Economy contracted at 1.6% rate in second quarter as exports to US declined