International - Financial Times - Credit Squeeze

Kristalina Georgieva and UK financial stability watchdog say valuations are closing in on dotcom bubble levels

Lots of mouth, varying amounts of trousers

Washington wants American companies to be exempted from rules such as having to draw up climate transition plans

As I learnt to my cost, attacks on the independence of the institution never end well

Also in today’s newsletter, gold breaches $4,000 and Tesla unveils cheaper version of the Model Y

Weak August data raises risk of Eurozone’s biggest economy falling back into technical recession

Also in this newsletter: European plastic industry on the brink

Hakainde Hichilema tells FT abrupt closure of USAID was a ‘shock’ but offers opportunities for African nations

The massive bond purchases are being unwound at a time of fierce political criticism of the monetary authorities. The controversy could limit options in future crises

In meeting with PM Mark Carney US president fails to announce any change to tariffs on biggest commerce partner

Brussels also plans to cut amount that can be imported tax free which would be ‘terminal’ for British companies

Dublin uses corporation tax bonanza to boost outlays despite warnings from central bank as budget surplus shrinks

Nostalgia is not a strategy: the past cannot return

Bond markets are losing patience with political paralysis

Grocer reduces prices on almost 1,000 products, squeezing margins in fiercely competitive sector

Impact of trade war delayed by stockpiling and AI economy

Lobbying to shape levies on medium and heavy trucks expected to be furious before November 1

Its predictive power on year-ahead core price pressures is worrying central bankers

Also in today’s newsletter, Macron urged to call elections and the emerging market stock rally

Country is uniquely exposed to Washington’s threat of national-security levies being imposed on health equipment