International - Financial Times - Credit Squeeze

President’s affordability measures undercut cattle producers in favour of consumers

Martin Wolf and Paul Krugman reply to listeners’ questions and comments

Brent crude falls to lowest level in almost five years

Susie Wiles reveals administration’s divisions over tariffs, Epstein files and the vice-president’s shifting allegiances

French and German companies warned over disruption to their American market access

Jobless level for November indicates weakening labour market

Resolving serious trade imbalances will require co-operation and co-ordinated action

Varun Chandra, Number 10 business adviser, seen as frontrunner for Washington role

US says the World Trade Organization is sliding towards irrelevance

Growth in payrolled employees was above market forecasts, though the unemployment rate was also slightly higher

Read the Monetary Policy Radar preview of the Bank of England’s meeting on Thursday

Communicating better about what they don’t know would be a start

The US president has handed the initiative to Beijing in tech, energy and security

Also in today’s newsletter: oil prices tumble on hopes for a Ukraine peace deal and dealmakers gear up for busy year end

And pricing inflation risk

Also in this newsletter: the EU green rules hurting Ukraine

The region must make a distinction between inefficiency and a lack of global competitiveness

Such measures wouldn’t be necessary if Beijing ran anything like a normal, balanced economy

EU’s top trade official says bloc must not delay vote on pact with Argentina, Brazil, Paraguay and Uruguay

Companies such as battery maker CATL earn big margins on export sales despite US tariffs