Two-speed China: swaths of economy suffer as exports soar
Beijing trumpets trade and technology success yet many regions and people struggle amid an anaemic domestic outlook
International - Financial Times - Credit Squeeze
Bessent mocks EU tariff response from ‘dreaded European working group’
US Treasury secretary derides the ‘dreaded European working group’
UK would be ‘foolish’ to pursue customs union with EU, business secretary says
Peter Kyle warns against ‘simple solutions’ for boosting growth in FT interview
Croatian central bank governor elected ECB’s second-in-command
Boris Vujčić will replace Luis de Guindos at the European Central Bank
IMF warns global economic resilience at risk if AI falters
Fund’s chief economist says there are reasons to be concerned about a potential AI correction
Dollar slips as Trump’s Greenland threats reawaken ‘sell America’ fears
Euro and sterling gain against US currency despite potential economic damage from new American tariffs
Europe’s rightwing parties squirm as Trump threatens tariffs
Maga allies refuse to condone US president’s threats over Greenland, with many staying quiet or blaming Brussels
Trump’s Arctic ambitions torch the most important US asset
The market reaction to the threat of tariffs on supposed allies over Greenland has been extremely telling
New US tariffs threaten European growth outlook
European economic resilience faces another test in 2026 and raises the probability of ECB rate cuts
A trade war over Greenland won’t guarantee victory in the wider battle
The fate of the Danish territory will not be decided by transatlantic tariffs
The US products in the EU’s €93bn retaliation plan
Boeing aircraft, bourbon, motorcycles and soyabeans among targeted products if Donald Trump makes good on his threats
FirstFT: Gold soars and equities sink after Trump’s Greenland threat
Also in today’s newsletter: China registers lowest number of births since records began and Sequoia Capital lines up Anthropic investment
Will it be another plane weird UK inflation print?
Blame on current air fares
Europe braces for the transatlantic relationship’s toughest week
Also in this newsletter: Candidate for ECB vice-presidency urges action against tariff ‘structural shock’
EU readies €93bn tariffs in retaliation for Trump’s Greenland threat
Europe could also threaten to restrict US companies’ market access in run-up to crunch talks at Davos
The World 2026
Trump’s shock and awe vision for a new era of US power; Martin Wolf on the dangerous triumph of neo-mercantilism; scrutiny of multilateralism, defence spending, trade and AI; delving into WEF at Davos and how to speak Davosian
Trump’s attack on the Fed should galvanise the GOP
The investigation of Jay Powell should be the final straw for Senate Republicans who have avoided criticising the president
How could Trump’s Greenland tariffs hit individual EU countries?
Analysts say precedents already exist but implementation could be difficult in practice
Germany is reigniting cautious optimism in Europe’s economy
Berlin’s fiscal stimulus will have far-reaching effects
A long history of reinvention on the Davos ‘magic mountain’
From sanatoriums to skiing and then conference centre for the world elite, the resort has adapted to many kinds of visitor
Global Economy
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