International - Financial Times - Credit Squeeze

Researchers have been trawling history to measure the pacifying effects of moving goods around

Consumers feel effects of conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation

Supply bottlenecks mark the widening fallout from Iran conflict and its disruption on Middle East oil supplies

US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Brent crude rises for eighth straight day as US president says he will keep naval blockade in place

Dissents suggest deepening divide on FOMC as Powell announced he will stay on the board of governors for now

Central bank chair says he will remain a governor ‘for a period of time’ after Kevin Warsh succeeds him

Africa’s demographics are favourable, but leaders must prepare for future shocks

The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy

When it comes to settling trade disputes, the Trump administration wants to play judge, jury and executioner

Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates

The UK’s stagnant economy and the US’s dynamic one are both politically dysfunctional

Also in today’s newsletter: prosecutors charge former FBI director and ‘the beginning of the end of Opec’

National Development Reform Commission is becoming Beijing’s chief enforcer

Trump’s attack on Iran has served as a reminder of how interconnected the global economy remains

European countries want to accelerate the shift to solar, wind and other energy sources whose supply chains are dominated by China

Rising memory costs and Donald Trump’s pressure to invest in US manufacturing will force tough early calls

Sabine Weyand refused to endorse US tariff agreement as WTO-compliant

Security force aims to drive investment in African nation’s resource sector

Move underlines long-running frustrations with group over production quotas