International - Financial Times - Credit Squeeze

Brussels confirms plans to extend CBAM to downstream products such as washing machines and garden tools

Inflation figures were much more encouraging than the Monetary Policy Committee was expecting

While markets were buoyant this year, volatility is never far away

Internal challenges to the authority of the chair may prove to be a safeguard of the central bank’s overall credibility

Ivanhoe Atlantic’s ‘Liberty Corridor’ would supply iron ore to US and allies but faces opposition in west Africa — and Washington

President’s affordability measures undercut cattle producers in favour of consumers

Martin Wolf and Paul Krugman reply to listeners’ questions and comments

Brent crude falls to lowest level in almost five years

Susie Wiles reveals administration’s divisions over tariffs, Epstein files and the vice-president’s shifting allegiances

French and German companies warned over disruption to their American market access

Jobless level for November indicates weakening labour market

Resolving serious trade imbalances will require co-operation and co-ordinated action

Varun Chandra, Number 10 business adviser, seen as frontrunner for Washington role

US says the World Trade Organization is sliding towards irrelevance

Growth in payrolled employees was above market forecasts, though the unemployment rate was also slightly higher

Read the Monetary Policy Radar preview of the Bank of England’s meeting on Thursday

Communicating better about what they don’t know would be a start

The US president has handed the initiative to Beijing in tech, energy and security

Also in today’s newsletter: oil prices tumble on hopes for a Ukraine peace deal and dealmakers gear up for busy year end

And pricing inflation risk