International - Financial Times - Credit Squeeze

An interview with Michael Pettis

Grocery inflation much higher than for other items, driven by increased labour costs and global commodity prices

The president could plausibly be blamed for rising prices in services including power, health and education

If the African Growth and Opportunity Act lapses, success stories such as Lesotho’s jeans manufacturers will be hit

Fleet owners are already rethinking orders from Chinese yards, says head of Japanese Shipowners’ Association

Oil executives tell survey that administration support for low prices and levies on crucial goods is scaring investors and raising costs

Austan Goolsbee says weakening in jobs market does not signal looming recession

Finance ministry says funds will be mainly used to cover the country’s spiralling defence and security spending

After some initial success, Javier Milei’s chainsaw seems to have sputtered

Opinion in Seoul is hardening after the Georgia raid

American support alone is insufficient for Milei to ensure the country’s stability

Move follows long-standing US and EU objections to the practice

Surrendering on trade is worth it to keep America engaged in the continent’s security

Also in today’s newsletter, Typhoon Ragasa rips through Taiwan and the Philippines

Anna Breman of Sweden’s Riksbank to become first female head of RBNZ

Bond fund manager predicts country will not be a ‘massive outlier’ on price rises and interest rates

The Fed was right to cut rates given the downside risks to employment

When the going gets tough, investors are struggling to find a place to hide

Central bank faces ‘challenging situation’ as it weighs inflation risks while jobs market softens

Warsaw had kept border crossing with Belarus shut after Russian drones entered Polish airspace