International - Financial Times - Credit Squeeze

Higher than expected rise leads traders to price in just one rate cut in next 12 months

The president’s fiscal plans deepen concerns over America’s public finances

Also in today’s newsletter, IMF warning to US to tackle its debt burden and the discovery of a Mexican ‘death camp’

Brussels plan would allow member states to bar foreign bidders from government contracts

The country is hedging its bets astutely between the US and China and is needed by both

Also in this newsletter: EU lawmakers demand total freeze of funds for Hungary

World’s top AI semiconductor maker says export controls have accelerated Chinese rivals’ advances

The pharma hub stands to lose a lot in the US president’s second term

As David Ricardo wrote in the early 1800s, specialisation by countries can lift the overall output and availability of goods

Top official Gita Gopinath warns over country’s ‘ever-increasing’ debt burden

Top 100 companies either estimate a big hit to profits or say extreme uncertainty hinders efforts to predict impact

Gabriel Zucman is leading a movement for billionaires to pay at least 2 per cent of their net worth each year

Report shows pivot to greenfield projects but €10bn FDI in 2024 still far below 2016 peak

Brussels plans handling fee on billions of small packages imported mainly from China

The difficulty is that, however unsatisfactory the hegemon might be, the alternatives look worse

Also in today’s newsletter, despite tariff climbdown, trade war still looms large over US economy

It depends whether you ask businesses, exporters, officials or academics

Also in today’s newsletter, Polish stocks enjoy big rally and US president’s ‘big, beautiful’ tax bill

Huw Pill opposed this month’s reduction over inflation concerns

Beijing’s emphasis on manufacturing has widened imbalances and drawn complaints from foreign companies