International - Financial Times - Credit Squeeze

American support alone is insufficient for Milei to ensure the country’s stability

Move follows long-standing US and EU objections to the practice

Surrendering on trade is worth it to keep America engaged in the continent’s security

Also in today’s newsletter, Typhoon Ragasa rips through Taiwan and the Philippines

Anna Breman of Sweden’s Riksbank to become first female head of RBNZ

Bond fund manager predicts country will not be a ‘massive outlier’ on price rises and interest rates

The Fed was right to cut rates given the downside risks to employment

When the going gets tough, investors are struggling to find a place to hide

Central bank faces ‘challenging situation’ as it weighs inflation risks while jobs market softens

Warsaw had kept border crossing with Belarus shut after Russian drones entered Polish airspace

Libertarian president’s tight grip on inflation cost him dollars and slowed growth

Few sectors will escape the negative supply shocks caused by the president’s policies

Forecasts come as businesses and households absorb impact of higher payroll taxes and regulated prices

Treasury secretary Scott Bessent says he’s not worried about country’s turmoil spreading to other emerging markets

Cutting interest rates while equities are roaring raises financial stability risk

British carmaker extends production halt to October 1 as it struggles with cyber attack fallout

Trading partners, including the US, and member states had pressured Brussels to postpone climate law further

Also in today’s newsletter, Nvidia’s $100bn OpenAI investment and car parts supplier First Brands Group prepares for bankruptcy

September survey data brings ‘sobering reality check’ for France, say economists

September PMI reading fell to four-month low amid a dip in sentiment and fears of autumn tax rises