International - Financial Times - Credit Squeeze

World’s second-largest container shipping line says costs have increased by $500mn per month

Also in this newsletter: New rail ticket rules, and how to spend Europe’s defence boom

Countries and companies will need to compete for funds to meet their spending plans

A hundred years after Ford gave workers a two-day weekend, Latin America’s largest country wants to follow suit

Continuous easing amid successive supply shocks is a risky policy move that ignores the pandemic’s lessons

Shortage of petrochemical inputs drives up prices of packaging for food and medical products

Also in today’s newsletter: DeepSeek’s first fundraising

Dark matter revealed?

Monthly surveys of economic activity and confidence have fallen more sharply among energy importers than in the US

A new video podcast from The FT exploring the history of finance

Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever

A wave of cheap imports is pushing Europe’s industry to ‘breaking point’

Volatility is more damaging than higher prices and will cause merchandise flows to drop, according to Global Trade Alert

European farmers have long counted on political protection and state support. Now that may be fracturing

Investing in alternatives to this and other maritime chokepoints is costly but necessary

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work

Also in today’s newsletter: HSBC reports lower profits and Australia raises interest rates

Central bank cites higher fuel prices as result of Iran war as it unveils third increase this year

Also in this newsletter: Compromise in Italo-Swiss fight over Alpine fire tragedy costs