International - Financial Times - Credit Squeeze

Figure highlights challenges facing Federal Reserve

World’s biggest buyer of Chinese autos seeks to preserve US free trade deal

Central bank says domestic economy ‘showing resilience’ despite US tariffs

The tension between price stability and maximum employment will not ease quickly

Paris political class goes round in circles while public finances fall behind those of other countries

Also in today’s newsletter, UK ambassador to the US sacked and Skadden in talks with Heritage Foundation over pro bono services

China is too unreliable a source of demand to replace the US in the trading system

And the annual jobs revision

The Japanese government cannot spin its one-sided $550bn investment commitment to Trump’s America as a win

Figure comes despite Trump tariffs and keeps Fed on track for interest rate cut

US president makes extraordinary demand in bid to force Russia to end invasion of Ukraine

The Economics Show 🤜 🤛 FT Alphaville

Drop in US revenues prolongs slowdown at fashion powerhouse Inditex

Also in today’s newsletter, Poland shoots down Russian drones and Apple launches new slimline iPhone

Investors bet world’s second-largest economy can move past deflationary pressures

A year after former Italian PM’s report on competitiveness, EU implements just 11% of his ideas

South Korean company trying to boost American manufacturing is facing higher Trump tariffs and industrial unrest at home

Provocative headlines are more likely to generate clicks

Beijing has tried to rein in industrial overproduction and boost spending to combat falling prices

Tensions over regulation add to geopolitical upheaval, dashing hopes of more certainty