International - Financial Times - Credit Squeeze

But its real estate market has been doing a darn good impression

Also in this newsletter: European and Gulf leaders discuss Iran war fallout

Also in today’s newsletter: Labour’s Brexit debate and German unemployment

US tech group will discuss capabilities of its new AI model with members of the Financial Stability Board

It is a stunted financial power, leaving the US free to rule global markets

Transcript from an interview with the deputy governor of the Bank of England

Extra spending on petrol and diesel exceeds cost of repairing country’s bridges or rebooting air traffic control

Military contractors want more time to comply with prohibition years in the making and now just months away

New rules to target chemicals and industrial machinery makers

Once one of the Eurozone’s strongest jobs markets, the number of unemployed has topped 3mn for the first time in 15 years

Home loans have become more expensive in North America and Europe despite central banks keeping rates on hold

April industrial output and retail sales growth slow as Iran crisis hits consumer confidence

It’s not just AI — energy, defence and industrial capex will fuel growth

US and China signed off on measures to promote ‘stability’ in the midst of economic stand-off

Plus, former Google boss takes over at the BBC, primary elections in several US states and the Chelsea Flower Show

Long-awaited agreement would bring benefits for British luxury car and financial services industries

Flash floods and evacuations in central and eastern areas

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

Brussels’ proposed quota reduction could cost Kyiv up to €1bn in lost export revenue

Businesses face thousands of dollars in extra costs, with lorries only able to carry a fraction of the goods