International - Financial Times - Credit Squeeze

Worries about Fed independence grow and who will succeed Pope Francis?

Swiss group becomes latest pharmaceutical company to promise investment in the face of potential tariffs

And he probably knows it

Also in this newsletter: MEPs urge the EU to cover gap left by US aid cuts in Ukraine

North Dakota was a pioneer in the shale boom but now finds itself wrestling with falling prices amid trade war rhetoric

Pension funds likely to have offloaded US bonds because of tumble in Wall Street stocks, investors say

Trade negotiators set to discuss level playing field for US ecommerce groups

Expansion in disputed waters could open latest front in Beijing’s ‘grey zone’ tactics, experts warn

Navigating tariffs poses challenges for groups once welcomed as contributors to local jobs and economic growth

Wall Street stocks dropped as President Donald Trump attacked Federal Reserve chair …

Veterans of the trade wars, they know a great deal could change before the harvest

America is not the powerhouse it once was

New methods will remove need for nitrocellulose and nitroglycerine, key raw materials in high demand since war in Ukraine

Governments are hoping they can offer symbolic gains to make the US president go away

Also in today’s newsletter, US tariffs add new risks for renewable investors

Also in today’s newsletter, tributes to Pope Francis, IMF gloom and can Poilievre beat Carney?

Industry executives report change of approach as Beijing bears brunt of Trump’s tariffs

Commerce ministry acts amid concerns that Washington will push trade partners to isolate Chinese goods and businesses

Berlin’s €1tn stimulus is shifting EU attitudes to state subsidies

How the trade war will reorder the global economy — not burn it down