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The Japanese government cannot spin its one-sided $550bn investment commitment to Trump’s America as a win

Figure comes despite Trump tariffs and keeps Fed on track for interest rate cut

US president makes extraordinary demand in bid to force Russia to end invasion of Ukraine

The Economics Show 🤜 🤛 FT Alphaville

Drop in US revenues prolongs slowdown at fashion powerhouse Inditex

Also in today’s newsletter, Poland shoots down Russian drones and Apple launches new slimline iPhone

Investors bet world’s second-largest economy can move past deflationary pressures

A year after former Italian PM’s report on competitiveness, EU implements just 11% of his ideas

South Korean company trying to boost American manufacturing is facing higher Trump tariffs and industrial unrest at home

Provocative headlines are more likely to generate clicks

Beijing has tried to rein in industrial overproduction and boost spending to combat falling prices

Tensions over regulation add to geopolitical upheaval, dashing hopes of more certainty

Bidding opens to raise money for the FT’s Financial Literacy and Inclusion Campaign

Case marks first test of president’s use of emergency powers to impose policies

Tech group tries to lure customers to upgrade devices as it suffers from US trade war and slow progress on AI

Updated figures point to far worse slowdown in labour market than previously thought

Bad policy not weak demand is undermining jobs growth

Someone on the internet is . . .  right?

Also in today’s newsletter, a $50bn mining merger and the revival of Hong Kong

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