International - Financial Times - Credit Squeeze

Support for travel, tourism and sports comes as Beijing doubles funding for goods trade-in scheme to $41bn

Tech equities lead rebound as Tesla gains almost 12%

The threat of tariffs will not spark a manufacturing renaissance

Every day brings a new drumbeat of maritime risk

While the US flails, the EU ponders how to deal with Chinese car subsidies

The US would suffer from the blowback if it impoverished its southern neighbour

Wage growth has outstripped property price rises, official figures show

Also in today’s newsletter, Turkey’s main opposition leader formally arrested, and the new nuclear arms race

Papal bull

Also in this newsletter: Erdoğan’s crackdown on the opposition complicates EU relations

It might be time to consider a pause in unwinding the ECB’s pandemic-era asset purchasing programme

Katsunobu Kato echoes concerns that rising prices are still being driven by a weak yen and high commodity costs

Financial supervisors issue unusual warning as EU prepares to simplify regulation

Bloc lifted restrictions on Ukrainian imports when Russia invaded in 2022, but support has waned in some countries

Ana Toni says this year’s COP30 will happen in ‘very difficult circumstances’ amid US withdrawal

Trade minister says Washington suspects high-end semiconductors are making it to China despite trade controls

Plus, US-Russia talks on Ukraine, new Bundestag convenes and further details expected on China’s stimulus plans

Stocks and dollar fall in tandem as tariffs dent outlook for American economy

The Trump administration wants to make America’s maritime capacity great again

Even Eurosceptics and Britain-bashers should acknowledge the advantage of smooth weaponry supply chains