International - Financial Times - Credit Squeeze

Rising borrowing costs mean new financing instruments will be needed for developing economies to deal with climate change

US Treasury secretary and Chinese vice-premier to hold talks as one-year expiry in trade war truce nears

New federal government reports shed light on sweeping fiscal toll of Middle East conflict

Donald Trump’s war in Iran and tariffs push up input prices while AI boom squeezes availability of some components

The US and China are in a stand-off rather than a state of agreement

Errors at the Federal Reserve and European Central Bank complicate life for officials at all levels. Also in this newsletter, someone has a book to sell

Critics fear shift to ‘hyper-populist playbook’ as inflation lingers

The poorest pay the most in an energy shock

Gulf state will receive access to sophisticated American technology

As with the free-trade debate in recent years, consensus is shifting

Refineries in Gulf and Russia hit by impact of wars, while global consumption has remained high

Also in today’s newsletter: Mervyn King picked for Fed reform and Spanish forest fires kill 12

Revision of inflation ‘basket’ ditches office wear in favour of protein powder and pet insurance

US central bank chair chooses business and academic leaders to head five new task forces

Recovery in sales volumes runs out of steam in second quarter as surge in fuel costs hits snack and soda group

Swedish group majority-owned by China’s Geely is barred from selling new EVs in the US from next year

European Commission launches probe into alleged dumping of subsidised meat

Central bank’s baseline projections showed above-target inflation despite the inclusion of almost three rate rises

Stéphane Séjourné is spearheading an initiative seeking to limit Chinese investment

Also in today’s newsletter: Platner ends Senate campaign and why private assets could work for retail investors