International - Financial Times - Credit Squeeze

Trading partners fear factory boom could trigger supply shock after first-quarter data affirms Xi’s industrial strategy

US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in Pennsylvania

Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you

And bank earnings

Despite rising prices around the globe, investments made by the world’s richest have grown faster — boosting their wealth

Government-commissioned analysis outlines threats such as a lack of crucial parts and shortage of key skills

Strength of US economy prompts investors to scale back expectations for rate cuts

Chancellor also highlights prospect of interest rate reductions as Tories try to close gap on Labour in polls

How long can the economy last without a recession?

Rich nations need to top up financing for multilateral institutions and initiatives

Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed rate cuts

Short-term performance has been surprisingly good but policymakers are walking on eggshells

Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus goals

GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after Germany

Heightened regional tensions add to fears of persistent inflation, says fund’s top financial stability official

High interest rates leave less financial flexibility to deal with unexpected events

Inconsequential reforms suggested for the Bank of England, misjudged US inflation and markets, and extrapolating too much

Also in today’s newsletter, China’s GDP jumps and western allies urge Israeli restraint

Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’

Ben Bernanke’s review is full of sound recommendations but unlikely to alter this opaque process