International - Financial Times - Credit Squeeze

Rapidly expanding presence in countries signed up to Xi Jinping’s global initiative contrasts with US approach

New rule aims to end vulnerability in communications infrastructure after attack on American telecoms

A podcast cross-promotion post

June figure marks setback for central bank as it considers interest rate cuts

More than a quarter of large American businesses are considering relocating, survey finds

Those in the political sphere should not be ridiculed for asking important questions — even if they do lack technical expertise

Also in today’s newsletter, Trump’s $50bn tariff haul and Deutsche Bank’s €152mn lawsuit

Jakarta to be hit with 19% tariff on exports to US after talks with Washington

European technology company books strong quarterly sales but warns uncertainty could hamper growth next year

And bad Treasury returns

Only China and Canada have retaliated against US president’s tariff war

EU proposes protections for agriculture as it aims to finalise agreement with Mercosur bloc in December

Financial markets will be closer in the future to a singe from inflation than a freeze in growth and prices

GM Korea’s factories principally serve the North American market, raising doubts about their viability

Cuts to renewable energy subsidies risks country’s credibility and power shortages, state utility warns

US commerce secretary wants Chinese AI developers to ‘get addicted to the American technology’

No other globally competitive financial services hub imposes such relentless bureaucracy on its businesses

Unexpectedly sharp June rise signals US president’s levies are pushing up consumer prices

Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future

Headline and core data in line with expectations but will not be enough to ease Fed’s fears of tariff-driven price rises