International - Financial Times - Credit Squeeze

Monthly PMI data strengthens case for Bank of England rate cut in August

Investors must pay more attention to ‘emerging, strategic and disruptive’ factors, new paper argues

Also in today’s newsletter, Tesla launches Austin robotaxi service and the ‘Kirklandisation’ of law

Heavy new levies on washing machines, fridges and ovens from Monday could worsen inflation

Anneleen Van Bossuyt suggests measures echoing Donald Trump’s negotiation tactics

Appreciation would suit Beijing’s global ambitions for the currency

Debates about big or small government belong in the past; being agile enough to seize future chances is what matters

Military alliance members gather in The Hague, EU leaders meet in Brussels and the Korean war passes a milestone

Trump’s plans for foreign-born workers will sap the American economy

Market Questions is the FT’s guide to the week ahead

Companies in major exporting province of Zhejiang look to other markets or to sell at home

American retreat should be the catalyst for deeper integration and with it a stronger EU

Diverging views on effects of Donald Trump’s tariffs open schism among central bank’s officials

Amid global turmoil, markets are focused on the hit to economic fundamentals

Governor Chris Waller says US has yet to see an inflation ‘shock’ from Donald Trump’s tariffs

Groceries Code Adjudicator is probing whether company’s food retail business has been failing to pay suppliers on time

TS Lombard’s chief economist talks contrarianism, gold, central bankers and Covid

Also in today’s newsletter, the SEC’s regulatory about-face, and bitcoin’s corporate hoarders

Investors are so stunned they can’t process the warning signs of a looming tail risk

EU leaders to discuss measures aimed at making single currency more attractive on global markets