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US president threatens Madrid with extra tariffs after Spanish prime minister rejects 5% defence spending target

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

Trade minister Douglas Alexander says policy will also involve strengthening anti-dumping defences amid Trump’s tariff war

Also in this newsletter: Is the EU watering down its AI rules?

Investors have exited funds at fastest rate since 2020 at height of Covid pandemic

The climate shocks that could trigger wider market turmoil

Central bank also argues current 3-6% goal keeps long-term price risks ‘higher than they need to be’

The billionaire Bridgewater founder on the perils of the ‘Big Debt Cycle’ and how to avoid them

Genetic shift driven by over-exploitation risks undermining populations beyond repair, according to research

Estimates by president’s Council of Economic Advisers come as Republicans make final push to pass legislation

Shares in express parcel operator fall sharply amid uncertainty over demand outlook

Covid-19 threatened the decades-old community but the pull of Guangzhou’s trading hub has proved irresistible

With huge economic and political shifts taking place, what will replace the old world order?

Also in today’s newsletter, Israel-Iran truce and Russian shadow crypto payments

Li Qiang tells annual World Economic Forum event that ‘globalisation will not be reversed’

Israel claimed ceasefire that went into effect on Tuesday morning had been broken by Tehran

Taipei blacklisting of leading Chinese tech groups including Huawei and SMIC comes as US weighs additional restrictions

Governor ‘sceptical’ about Office for Budget Responsibility assumption over rebound in growth rates

US central bank chair tells congressional committee economy remains ‘solid’ but tariffs could push up prices

Potential policy U-turn comes hours after president declared peace in Middle East war