International - Financial Times - Credit Squeeze

As smuggling becomes a lifeline, criminal organisations across the globe will benefit

Rally in Wall Street’s S&P 500 share index comes after labour data shows 177,000 jobs were added in April

First foreign trip for prime minister since this week’s election will focus on ‘trade pressures’

China says it is ‘evaluating’ recent overtures from Washington about starting tariff discussions

April figure also shows rise in core metric, as region prepare for impact of Trump’s tariffs

Finance minister Katsunobu Kato hints that country’s more than $1tn in Treasuries gives it leverage in negotiations

Ecommerce company to source all US products from local merchants as ‘de minimis’ tax loophole closed

A conversation with the former US Treasury secretary on the outlook for clean energy growth

Also in today’s newsletter, Tim Cook warns of tariff costs to Apple, and Reform wins historic UK election victory

Chief executive Bill Winters says bank remains ‘watchful’ on impact of US tariffs

Warning of ‘snowball effect’ from higher borrowing as governments come under pressure to improve public finances

US president’s decision to trigger global trade war looks certain to have a lasting impact on the financial system

The US president’s approach is undermining key pillars of the country’s financial system

As investors become increasingly anxious about US government bonds, Chinese officials are looking for ways to reduce their exposure

A correction in overvalued US stocks might explain some of the currency’s decline

Significant time, cost and shortages of skilled staff represent barriers to rapid acceleration in automation

If the tariffs remain in place, American companies will be in sore need of funds to pay the bills

Gemstone hub of Surat struggled with falling demand even before US president upended global trade with new barriers

Crude prices rise after US president intensifies pressure on Tehran as nuclear talks falter

Chief executive Tim Cook says it is ‘very difficult’ to make predictions for latter half of 2025