International - Financial Times - Credit Squeeze

German chancellor backs more muscular approach ahead of July talks deadline

They are no substitute for money, even if usage is growing fast

Also in today’s newsletter, New York’s mayoral race and emerging markets outperform

CSIS research highlights concerns in Washington over extent of Chinese companies’ involvement in regional infrastructure

Former anti-corruption official Zou Jiayi will lead Beijing’s answer to the World Bank

French central bank governor says further easing remains possible as underlying inflation outlook remains unchanged

If the US wants to accelerate a worldwide discussion with a policy intervention, the obvious one would be a tax on capital inflows

Three decades after it was launched, hundreds of barriers still persist within the EU. In an era of trade wars, Brussels has made it a key priority

Comments from Deutsche Bank’s asset manager come as Germany gears up for €500bn infrastructure blitz

Vice-chair for financial supervision says Donald Trump’s tariffs will have smaller effect on inflation than feared

Next week’s development finance conference in Seville is unlikely to deliver much

Monthly PMI data strengthens case for Bank of England rate cut in August

Investors must pay more attention to ‘emerging, strategic and disruptive’ factors, new paper argues

Also in today’s newsletter, Tesla launches Austin robotaxi service and the ‘Kirklandisation’ of law

Heavy new levies on washing machines, fridges and ovens from Monday could worsen inflation

Anneleen Van Bossuyt suggests measures echoing Donald Trump’s negotiation tactics

Appreciation would suit Beijing’s global ambitions for the currency

Debates about big or small government belong in the past; being agile enough to seize future chances is what matters

Military alliance members gather in The Hague, EU leaders meet in Brussels and the Korean war passes a milestone

Trump’s plans for foreign-born workers will sap the American economy