International - Financial Times - Credit Squeeze

Bloc’s trade commissioner Maroš Šefčovič said duties at that level would make transatlantic trading ‘almost impossible’

Exposed to US and European duties, the Geely-owned group has already announced a cut of 3,000 jobs globally

Analysts say much sharper sell-off likely if 30% levies on EU come into force

Beijing’s antitrust regulator had paused process in May as Trump administration tightened access to chip design tools

The US president’s bullying of Brazil is particularly inept

Also in today’s newsletter, bitcoin surges past $120,000 and investment banking’s bad run

Eurozone’s biggest economy could have grown 50% more between 2021 and 2024, study finds

Strong trade data come ahead of second-quarter GDP growth expected to cheer Beijing

Also in this newsletter: New initiatives to better protect kids online