International - Financial Times - Credit Squeeze

The One Big Beautiful Bill Act loosens fiscal policy; the Fed will need to decide whether to tighten in response

First statistical rejig in more than a decade makes debt ratios appear healthier

Also in today’s newsletter, Bessent calls for review of Fed’s ‘entire’ operations and China seeks greater UN clout

Sector faces threat of levies as high as 200% on overseas imports

Carmaker pledges to create more than 5,000 jobs in Britain through dealerships by next year

While not without costs, such a move solves some deep economic problems

Beijing makes concerted effort to place officials and push its agenda in Geneva, say western diplomats

Treasury secretary is latest top Trump administration official to criticise the US central bank

Departure will allow Trump administration to appoint her successor at fund

Buoyant demand for European travel helps budget carrier raise fares and boost profits

Auto group expects net loss of €2.3bn after suspending financial guidance earlier this year

When monetary policy is set to meet government budgetary needs, these institutions become piggy banks

EU is following its old playbook of negotiating and retaliating on tariffs

Also in today’s newsletter, LSEG weighs 24-hour trading and the dollar rebounds

Encouraging institutions to get bigger by taking risks is the opposite of what Reeves should do

The disruption that is hitting the manufacturing sector could come for healthcare next

Head of Network for Greening the Financial System also admits supervisors underestimated risks of warming planet

Policy and events have ‘greater impact on value and profits than in many decades’, study shows

Diesel vehicle sales hit by shift to LNG while US tariffs and weak demand in Europe add to German group’s woes

A gripping chronicle of the west’s interest in emerging markets; a reminder of the importance of human capital; a degrowth polemic; and a debunking of Trump’s economic agenda