International - Financial Times - Credit Squeeze

FCC chair Brendan Carr urges ‘western allies’ to pick Elon Musk’s Starlink satellite internet company

Making the metal at home is a trade-off that seems more appealing when global trust in commerce is scarce

Plus, private equity group CVC scouts out private credit group and Intel sells off a stake in its chips unit

Titans of finance and business are beginning to realise they misread the president’s second-term priorities

Also in this newsletter: why the RBI is right to be careful about household debt

More than 70% of people say they intend to support UK businesses

Donald Trump also says he is considering ‘something to help car companies’

10-year yield falls for first time since April 4 as investors scoop up Treasuries

Governor Christopher Waller warns that should Trump resume steep duties growth will ‘slow to a crawl’

The world’s reserve currency gets a sharp shock

President suggests need for ‘flexibility’ but insists smartphone exemption is temporary

With the US and China facing off in a tariff war, the time has come for the UK to pivot

US trading partners should hold off offering concessions given this illogical shambles

Nostalgia for canned ‘Italian’ fare of my childhood makes me wonder how many Americans will notice higher prices on gourmet imports

The White House has miscalculated the balance of power in its tariff war with China

Japanese group cites ‘challenging economic environment’ as Trump’s tariffs throw supply chains into uncertainty

Rush of shipments preceded escalation of trade war between world’s two biggest economies

And lessons from ‘73

Whatever happened to that 7% growth rate?