International - Financial Times - Credit Squeeze

Also in today’s newsletter: Alphabet faces EU probe and US draws down on IMF reserves to help Argentina

Estimates of GDP in the third quarter and the single month for September were weaker than expected

Carmaker gives no details on pledge, which is in addition to Tokyo’s $550bn commitment in return for lower tariffs

Brussels is struggling to adapt to a conflict-ridden world trading system

Buenos Aires’s reserves rose by the same margin as Washington seeks to bolster Javier Milei’s government

France has demanded UK pays into ‘cohesion funds’ as price for reducing post-Brexit trade friction

EU wants charges on small packages ordered from likes of Shein and Temu to kick in two years earlier than planned

Officials indicate changes coming to levies on imported goods including coffee and bananas

Heavyweights clash as election of hawkish PM Sanae Takaichi and US policy unpredictability change calculus in region

Executives warn production lines could stop within weeks as the Dutch chipmaker is not sending products to China unit

German Council of Economic Experts downgrades economic growth forecast for 2026 to 0.9%

Big brands from Disney to American Express are profiting from economic divisions and making them wider

Also in today’s newsletter: Colombia suspends intelligence sharing with US and law firm McDermott Will & Schulte explores restructuring

Political pressure in response to public anxiety will demand policy responses

Europe’s manufacturing champion is in free fall. Economists are suggesting radical steps to save what is left

Figures are a setback for government ahead of high-stakes Budget

What once made its sovereign states powerful and rich could now be a barrier to their remaining so

The Fed gets lost in the fog while the Bank of England almost finds a strong voice

Also in today’s newsletter: Buffett goes ‘quiet’ and Trump threatens to sue the BBC for $1bn

Landmine explosion renews tensions and threatens accord signed last month in Malaysia