International - Financial Times - Credit Squeeze

Also in today’s newsletter: Elliott wades into battle for Toyota Industries, and Chinese bitcoin fugitive jailed in UK

Figures are a setback for government ahead of high-stakes Budget

What once made its sovereign states powerful and rich could now be a barrier to their remaining so

The Fed gets lost in the fog while the Bank of England almost finds a strong voice

Also in today’s newsletter: Buffett goes ‘quiet’ and Trump threatens to sue the BBC for $1bn

Landmine explosion renews tensions and threatens accord signed last month in Malaysia

Deceleration in pay measures and falling number of payrolled employees gives policymakers green light for rate reduction

Plus miraculous memory makers

Market and economic trends are challenging the idea that EM bonds should trade at a discount to developed economy debt

European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward

Unprecedented move comes as Jim Ratcliffe’s group warns time is ‘running out’ to help European chemicals producers

Policymakers note growing confidence that the medium-term outlook will be realised

West African nation has become a test of IMF’s ability to deal with hidden debt and secure relief from creditors to support bailouts

The tariff case threatens his popularity far more than it does the US economy

Also in today’s newsletter: BBC boss Tim Davie resigns, and race for top ECB jobs kicks off

Four of six jobs on central bank’s executive board become vacant before end of 2027, including the presidency

Yes, its economic engine is remarkable, but there are factors that should temper predictions of global hegemony

Experts question Washington’s suggestion that it can end Beijing’s dominance of sector within two years

Despite limits of multilateralism the world would be much worse off without the historic climate accord

Planned changes to the scheme have split industry and trading partners just months before it comes into force