US shutdown takes its toll on the data run
Plus, COP30 struggles to finish in the heat, no-shows hinder South Africa’s G20 summit and retailers report earnings
International - Financial Times - Credit Squeeze
Trump trade negotiator hits out at EU delays in cutting tariffs and rules
Jamieson Greer warns bloc that trade remains a ‘flashpoint’ in advance of talks next week
Saudi Arabia’s PIF sells stakes in US groups ahead of Crown Prince’s White House visit
Sovereign wealth fund has exited positions in nine American companies, including Visa and Pinterest
Will the Fed’s minutes throw any new light on US interest rates?
Market Questions is the FT’s guide to the week ahead
EU trade tensions threaten to hold UN climate talks hostage
China and India among exporters to challenge carbon border tax
Wall Street reins in rate cut bets due to inflation concerns
Market expectations of further easing in December have almost halved as split among Fed officials appears to widen
Foreign investors return to China’s stock market
DeepSeek AI breakthrough spurs biggest overseas inflows in four years
China left with tomato paste mountain as sales to Italy collapse
Dramatic slump in imports this year hailed by champion of Italian ingredients as an ‘important victory’
The soaring price of a steak
Beef costs have risen sharply in many countries, adding to the pressure on living standards and bringing Donald Trump into conflict with ranchers
Trump cuts agricultural tariffs in bid to bring down grocery prices
Bananas and coffee among commodities exempted from levies as US administration looks to cut cost of living
US has reached a trade deal with Switzerland, say officials
Trump’s trade representative Jamieson Greer says tariffs will be reduced to 15%, ending months-long dispute with Bern
Communication breakdown
A bungled leak of information from Westminster does not inspire confidence in UK leaders just weeks away from the Budget
FirstFT: Blue Origin makes progress in quest to rival SpaceX
Also in today’s newsletter, investors sceptical of Oracle’s AI plans and BlackRock revamps its quant hedge fund
Cartier owner predicts US will soon lower punitive Swiss tariffs
Richemont chair was part of business delegation to Washington that helped break deadlock
China investment falls by most since the pandemic
Weak housing prices and slowing industrial output point to flagging economic momentum
UK government considers linking rail fare rises to lower rate of inflation
Chancellor has been pushing cabinet ministers to find ways to reduce financial pressure on households ahead of Budget
Why Trump’s team is betting on stablecoins
The administration sees these digital assets as a tool in the fight against de-dollarisation
Canada to reroute lumber exports as Trump’s tariffs bite
Forestry industry aims to divert 10% of wood normally sent south of the border to new markets such as the UK
US announces new trade deals in attempt to cut costs for consumers
Washington agrees frameworks with Argentina, Ecuador, Guatemala and El Salvador on range of products
Alarm grows over household energy bill arrears
Also in this newsletter, a surge in applications from companies wanting to connect to the grid
Global Economy
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