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With huge economic and political shifts taking place, what will replace the old world order?

US remains most lucrative market for country’s automakers despite low sales expectations after Trump trade policy

US president casts doubt that trade deal with be reached with Tokyo before July 9 deadline

Also in today’s newsletter, Silicon Valley billionaires back new bank and Gen Z increase their alcohol consumption

Concessions to support European producers in the face of foreign competition follow calls to ease climate targets

The PEM convention would reduce exporters’ post-Brexit difficulties with supply chains

The democratic socialist candidate to be mayor of New York mistakenly believes that the economy is a zero-sum game

How does an industry that built and benefited from globalisation survive when its main cheerleader turns on it?

Can US democracy and the postwar economic system survive the Trump administration?

Exemptions granted to the US on taxation make cross-border business even harder

Ken Griffin’s flagship fund was up 2.5% in first half of 2025, while Izzy Englander’s firm gained 2.2%

Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you

It is easy to imagine conditions in which money simply dries up, perhaps in response to large movements in bond yields

Fed chair has been under relentless pressure from Donald Trump to lower borrowing costs

European capitals insist US drops levies on EU as part of any framework deal

Also in today’s newsletter, White House has ruled that Harvard University is in ‘violent violation’ of civil rights law

US contemplates the potential disaster of a shadow Fed chair and the ECB gets too cocky

Last time he got what he needed instead

Also in today’s newsletter, Trump’s tax-and-spend bill makes its way through the Senate

Interest rates expected to be kept on hold at central bank’s next meeting after June reading