International - Financial Times - Credit Squeeze

An economic renaissance is unlikely, not least because the US economy is very far from the disaster he proclaims it to be

Also in today’s newsletter, the competing factions of the Republican party

Sloppy and wishful thinking has taken over the US

Also in today’s newsletter, Panama responds to Trump’s threat to take back the Panama Canal and Ray Dalio on UK’s ‘debt death spiral’

And more on the UK discount

Also in this newsletter: Slovakia’s premier Fico faces no-confidence vote over closeness with Russia

US president says he wants to take back waterway over alleged Chinese influence

New special economic zone paves way for closer relations between one-time south-east Asian rivals

‘Exceptionalism’ of world’s biggest economy expected to continue as strong domestic demand drives inward flows

Peter Mandelson has not set deadline for fully divesting of his stock in Global Counsel

Profits expected to take hit as volatility drops in market that surged following Ukraine war outbreak

After experience of Biden administration, fighting price rises likely to be political priority over targeting economic growth

President signs executive order giving popular video app’s owner 75 days to find US buyer

Austria-based, London-listed RHI Magnesita says ingredient needs strategic designation to protect European industry

President declares reversal on policies from immigration to climate but stops short of announcing new tariffs

Euro, sterling and Canadian currencies rally sharply against greenback

Unionist parties triggered ‘Stormont brake’ over changes to rules on chemicals labelling in region

Weirdly, it will be a relief if Trump’s tariffs are no higher than Tricky Dick’s

Also in today’s newsletter, three Israeli hostages released and TikTok restores US access

Tesla chief criticises ‘unbalanced’ tech relationship in rare criticism of Beijing