International - Financial Times - Credit Squeeze

Also in today’s newsletter: Steve Cohen moves closer to opening New York’s first casino, and China’s booming pharma industry

Economists expect the European Central Bank to keep rates on hold at the December meeting

Paris-based group signals major central banks have scant room to loosen policy further

Overly optimistic assumptions that inflation will always be the public finances’ friend are mistaken

Investment in world’s second-largest economy helps companies keep pace with Chinese rivals

UK government will make it easier for drugs to be approved for use in order to secure carve-out from import levies

Both exports and imports have fallen, and US manufacturers are hurting

Also in today’s newsletter, Nato considers ‘more aggressive’ approach to Russian cyber attacks, and Trump ally leads in Honduras election

Kazuo Ueda’s remarks ‘clearly signal’ possibility of tightening in December meeting, say analysts

A decades-long effort to tear down internal trade barriers has stalled, leaving the EU economy ‘tagging along behind’

Plus, BoE Financial Stability Report published, Zara owner Inditex reports results and 2026 Fifa World Cup draw is made

The EU must make itself minimally vulnerable to inevitable US pressure

Market Questions is the FT’s guide to the week ahead

New president says Afreximbank plans a big push to finance processing facilities for raw commodities

Data from national statistics agency indicates continuing weak demand in economy

The UK Budget is unlikely to prevent the Bank of England cutting rates

The Economics Show 🤜🤛 Alphaville

Robust consumer spending helps economy shrug off early impact of Trump tariffs

Crucial holiday sales period forecast to draw record crowds but with tighter budgets

Also in today’s newsletter, Trump threatens sweeping immigration crackdown, and memorable office blunders