International - Financial Times - Credit Squeeze

Javier Milei’s plight in Argentina demonstrates how difficult it can be to rescue economies

BoE governor draws parallel with practices before 2008 financial crisis

No one seems to agree about the risks the system is running

Also in today’s newsletter, Japan’s parliament elects first female leader and Argentina’s currency falls further

Plus what the alternative labour data says

Findings challenge narrative that food price growth is being driven by higher taxes and wage costs

Activists warn of protests if New Delhi makes concessions on US agricultural imports

Comments from US president will ease concerns in Canberra that Washington was cooling on pact

Rare earths are not the only Chinese product that America would struggle to replace

China and the US are heading for an unstable truce

Also in today’s newsletter, AWS outage hits services on the east coast and centrist wins Bolivia’s presidential election

The rich-get-richer trade

Trump administration plans to set price floors, create strategic minerals reserve and take equity stakes

New research suggests a direct link between improved understanding of issues such as inflation and lower loan defaults

Geopolitical tensions to slow investment in new ‘greenfield’ projects

Copper trading has shifted from Comex as uncertainty persists over US president’s trade policy

Trade war and property downturn hit momentum as official GDP grows 4.8% in third quarter

Central Committee expected to highlight the importance of consumption in an economy threatened by deflation

Shifting levies and taxes as well as regulation add to strains, with low consumer confidence also worrying many businesses