International - Financial Times - Credit Squeeze

Prime minister’s first budget will nearly double the country’s deficit

Economists disagree, financial markets do not care, the public are fickle and the Supreme Court is not to be trusted

Also in today’s newsletter: top-10 Tesla shareholder opposes Musk’s pay package and Trump’s new ballroom imagined

The FT’s guide on what to look out for on Thursday

Pfizer has filed two lawsuits to block Novo Nordisk’s $9bn bid to buy Metsera

Central bank governor makes first public remarks since Donald Trump’s move to fire her

The latest Trump-Xi deal won’t easily mend the faultlines that have opened between Washington and Beijing

Plus, if Trump loses high-stakes legal case on his trade regime, expect his team to take alternative measures

Canadian prime minister has enlisted executives including from former employer Goldman Sachs

Also in today’s newsletter: oil prices rise after Opec+ meeting and Musk’s ‘facile’ rival to Wikipedia

About 40 briefs have been filed challenging signature policy ahead of showpiece hearing

Traders are betting that the Monetary Policy Committee is likely to keep rates on hold at 4%

Jakarta is in restructuring talks with Beijing as flagship ‘Whoosh’ railway project racks up losses

British Chambers of Commerce urge ministers to do more to help exporters

UK sets interest rates, London gets its first Lady Mayor’s Show and earnings reports include Ryanair and IAG

Officials say ‘threats’ used to derail net zero deal for shipping industry ripped up rules of global diplomacy

For all the focus on harms, the US president has generated benefits at home and abroad

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

A good tech strategy would aim not just to catch up but to cultivate better alternatives

Officials in Washington explore how to encourage more countries to adopt greenback as their primary currency