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New research shows uneven improvements in Bangladesh factory labour standards

Trade is wrongly blamed for the relative decline of the US

Also in today’s newsletter, Foxconn confirms interest in Nissan stake and Disney cuts diversity category from executive pay scheme

What have we learned from the recent spate of government bankruptcies?

As the winds of isolationism whip across the world, nations that value stability and prosperity must step up

Political calculation is trickier than policy as aligning with Trump camp too closely risks alienating Labour voters

And emerging market stock indices

Also in this newsletter: Von der Leyen’s simplification drive hits the road

Executives grapple with uncertainty and price volatility even before levies come into effect

It is not just tariffs that might affect growth but also trade uncertainty and the effects of the Trump policy agenda

Central bank chief vows to ‘focus on the data’ rather than get dragged into political debates

Until now, the US has been a strikingly benign and successful hegemon

But uncertainty and a rise in near-term inflation warrants a cautious approach to cuts

Treasuries rally as investors take more bearish view on economic impact of new president’s policies

Decision not to impose immediate reprisals comes as London follows Washington in refusing to sign global AI accord

Also in today’s newsletter, ‘If there’s no immigrant labour, there’s no milk, no cheese, no butter, no ice cream’

Central banks have been defining neutral interest rates as Bessent makes a brave bet

Trading bloc promises ‘firm and proportionate countermeasures’

Also in today’s newsletter, Deloitte US staff ordered to drop gender pronouns, pros and cons of giving children weight-loss drugs

President says move will ‘mean a lot more business for America’