International - Financial Times - Credit Squeeze

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work

Also in today’s newsletter: HSBC reports lower profits and Australia raises interest rates

Central bank cites higher fuel prices as result of Iran war as it unveils third increase this year

Also in this newsletter: Compromise in Italo-Swiss fight over Alpine fire tragedy costs

Facing hostility from its two largest trading partners, Canberra embarked on a drive to diversify

Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor

The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes

Industry offers glaring example of the self-defeating nature of tariffs

Brussels cites security concerns in latest crackdown on sensitive China-made imports

After years of struggling to match the global popularity of the US, Japan and South Korea, Beijing’s image is improving

Move to soften impact on companies of flagship climate legislation is a setback for environmental groups

The continent is better positioned to weather crises, yet perceptions remain stuck in the past

‘Somewhat counterintuitive’ indeed

New procedures only reimburse importers, not those who indirectly sourced products through them

Total economic and financial insulation is an impossibility

Farmers fear a flood of cheap meat as Carney government looks for entry to South American bloc

Also in today’s newsletter: Putin hunkers down for fear of assassination and GameStop makes $56bn bid for eBay

Leaders call on other partners to maintain global trade flows with similar agreements

Pwned by Beijing