International - Financial Times - Credit Squeeze

Also in today’s newsletter, luxury goods groups’ shares surge and OpenAI’s five-year plan

US set to be faced down by industry powers, including China, EU, India and UK

Brussels plans to work on clean energy and climate action with ‘subnational entities, business and think-tanks’

Poor and middle-income countries are spending money on interest payments that could go towards essential public goods

A fresh regime is required for a world of high debt and large central bank balance sheets

Weak data highlight challenge for policymakers facing escalation in trade tensions with US

Bank of England should not lower interest rates before price pressure shows signs of easing, says chief economist

The Dutch seizure of Nexperia shows how ensnared the EU is in the US-China tech war

Federal Reserve chair says inflation expectations are close to central bank’s 2% goal

It is dangerous to have confidence in what lies ahead

US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

Split of unit making knee and hip replacements comes as US healthcare group seeks shift to higher-growth areas

A new IMF report exaggerates the gloomy economic backdrop, but there are valid reasons for policymakers to be glum

Fund upgrades outlook for global growth but warns latest trade tensions between Washington and Beijing are a concern

Trump’s latest piece of brinkmanship is likely to result in another climbdown

Also in today’s newsletter, silver prices hit record high and the bonanza for immigration lawyers

Measures extend trade war between Washington and Beijing to third countries

Plus, much ado about Mullen

Executives predict Beijing’s tighter controls will lead to production delays and higher prices

The balance between risk and dominance will determine the chipmaker’s outlook