International - Financial Times - Credit Squeeze

And China’s economic cards

Plus, Trump adviser struggles to calm investors, the US economy contracts, and Edvard Munch at the National Portrait Gallery

Also in today’s newsletter, oil prices slump and Berkshire after Buffett

Industry body warns that more than $100bn is at risk if the precious stones are not exempted from duties

In Latin America, the ‘pink tide’ is running out and offering global capital new hope

Investors should pursue a ‘barbell approach’ that focuses on high conviction public credit trades and strongly secured private credit

European leaders need to shed their political timidity to take the necessary steps

Threat of a damaging trade war sparked a lobbying campaign by the world’s most powerful business leaders

The US president’s trade policies are a ‘catalyst’ for the greenback’s fall

Asian neighbours wary of becoming staging posts for trade actually destined for US

US president expands trade war to film industry in pledge to prevent ‘death of Hollywood’

Merz takes over as German chancellor, Vatican conclave begins and Skype waves goodbye

Dubai-based family office plans financial zone for the Indian Ocean archipelago

President faces backlash after warning Americans they will have to make do with fewer toys at Christmas

Market Questions is the FT’s guide to the week ahead

Trump’s damage to America’s growth rate will be mostly reversible

State-backed group accelerates investment plans as it deepens collaboration over the technology

Brussels revives plan to forge strategic partnership with CPTPP to defend rules-based global system

As smuggling becomes a lifeline, criminal organisations across the globe will benefit

Rally in Wall Street’s S&P 500 share index comes after labour data shows 177,000 jobs were added in April