International - Financial Times - Credit Squeeze

Also in today’s newsletter, Citi’s raid on JPMorgan’s investment banking staff and Bolivia’s swing to the right

As the president launches a trade war, follow the latest on tariffs and executive orders

Its dependence on Russian crude undermines the effort to isolate Moscow

Cutting excess capacity is not enough — Beijing must rebalance towards consumption

Tales of geopolitics and growth — plus a rare novel — are among this year’s contenders

Bankers gather in Wyoming, European heads fly to Washington for vital Ukraine war peace talks, big box retailers report

Market Questions is the FT’s guide to the week ahead

Crisis firefighting has given way to a dependence on government and central banks

Document formalising last month’s deal delayed by squabbles over language on ‘non-tariff barriers’, bloc’s officials say

After second devaluation of the naira, manufacturers overhauled supply chains to source more materials domestically

Banks and companies in emerging markets outside China issue debt at fastest pace since 2021

Banks slash interest rates paid to customers in response to base rate cuts; inflation forecast to peak at 4%

Investors warn credit markets are ‘weirdly confident’ despite threats to global economy

ABF’s Vivergo almost certain to close its plant near Hull and lay off workers

Also in today’s newsletter, Berkshire resumes sales of Apple shares and China warns against hoarding rare earths

GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates

Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation

Judicial limits on the executive today will bind the hands of future presidents tomorrow

Beijing determined to retain leverage over supply by preventing buyers from building large inventories

US probe into semiconductor sector could leave a patchwork of agreements with individual companies and countries