International - Financial Times - Credit Squeeze

Fall in index raises questions over whether recent improvement in economic indicators will continue

Also in today’s newsletter, the US president offers first glimpses of how Washington would justify an attack on Iran

Also in today’s newsletter: Rubio promises investigation into Cuba shootings and Hillary Clinton appears before House committee

The administration handing out refunds to Chinese companies will be a terrible look

Lessons from four years of war: it’s the economy, stupid

The Federal Reserve is flipping its mortgage bonds into shorter-term government bills, which the Treasury plans to issue more of

Claims for refunds soar after judges rule against Trump administration

Also in this newsletter: Steel industry furious at being left out of ‘Made in Europe’ rules

Read the February forecast from the FT’s Monetary Policy Radar team

Profits are set to recover this year, but a focus on large, high-margin vehicles could create a gap for Chinese rivals to exploit

Trump administration’s government job cuts threaten critical economic functions, fund warns

Manufacturing also hit by longstanding import taxes on critical components such as aluminium

Last year’s $28.8tn increase was largely fuelled by government investment, according to the Institute of International Finance

Comments by Peter Kyle come on Brussels trip aimed at securing British access to ‘Made in Europe’ scheme

German chancellor calls on Beijing to appreciate currency, cut subsidies and reduce industrial ‘overcapacity’

The decisions of the US central bank can have a mixed impact on the domestic UK economy

Deal to collaborate on atomic energy, AI and quantum computing was paused as part of wider trade wrangling

Also in today’s newsletter: Anthropic and defence secretary feud, as well as the stocks benefiting from the AI sell-off

Typical households will pay £1,641 per year, down from £1,758 after energy-efficiency scheme scrapped

Commodity-linked currencies acting as ‘canaries in coal mine’ for shift towards rises in borrowing costs