International - Financial Times - Credit Squeeze

Demand from countries rushing to buy US aircraft to curry favour with Trump administration boosts aviation group

Headline and core CPI were both flat on November’s figures

Auto groups buy wafers from chipmaker’s Dutch arm and ship them to its Chinese unit to avoid output stoppages

British grocer seeks to increase exports of hampers, teas and jams that were hammered by Brexit

The administration’s war on the Federal Reserve illustrates the threat of fiscal dominance

There is no precedent of a dominant power abandoning its primacy, as Trump is doing

Also in today’s newsletter: UBS’s Ermotti to step down and Trump threatens Iran-linked trade with tariffs

Governors from 11 institutions issue statement of support for embattled Fed chair

Levies to be applied immediately by US could affect nations such as China and India

The legal action against Jay Powell and the central bank is a serious threat to the position of the US currency

Findings reinforce warnings from policymakers such as Christine Lagarde that internal market has ‘stood still’

European companies pioneered much of the technology used in renewables, but have they left it too late to compete with China?

Industry data points to disappointing Christmas for shops as consumers held back

Joint statement accuses Trump administration of behaving as if US is an emerging market ‘with weak institutions’

Independence of US central bank is a vital anchor for the global financial system

Long-term inflation expectations tick up after US prosecutors launch criminal investigation into chair Jay Powell

Iranians have suffered years of inflation, devaluation and stuttering growth

Beijing must decide if it will conduct business as usual in the wake of the US’s ousting of Maduro in Venezuela

A criminal investigation of Jay Powell is the latest in the reworking of the world’s most important financial institution

Bloc’s narrow endorsement of Mercosur trade deal shows its inability to rise above everyday protectionism