International - Financial Times - Credit Squeeze

First-quarter GDP increase of 0.6% beats expectations in boost for Sunak

Consider its scale, scope and speed

European businesses in China say profits hit by weak demand and increasingly sophisticated local rivals

Companies would face less political scrutiny in a region where ties are mainly centred around economic interests

China’s president gave few concessions and signalled his authoritarian worldview

Bailey hails ‘encouraging news’ on inflation but says ‘more evidence’ needed

Gaps make it much harder to tell how fast inflationary pressures are receding

Also in today’s newsletter, an interview with Bridgewater Associates’ new chief, and why does Big Oil hate Biden?

US prices are from Mars and the Eurozone’s are from Venus — or maybe not

Beijing has prioritised high-tech manufacturing as it seeks to offset moribund property market and consumer demand

The EU foreign subsidies regulation is looking to score some notable hits

Swedish central bank governor Erik Thedéen fuels debate on continent’s struggle to boost competitiveness

Also in this newsletter: UK expels Russian defence attaché for spying, Toyota profits drop 20%, regulatory costs hit Uber

Wagers on rising prices point to concerns over potential supply disruptions

Move risks ‘retaliation’ against international brands in the country, German carmaker’s brand chief tells FT car summit

Krona falls against dollar after Riksbank trims main rate to 3.75%, its first reduction for eight years

Move marks Biden administration’s latest effort to target Chinese tech sector

Chinese leader to complete Europe tour with diplomatic outlier that has maintained friendly ties with Russia

Also in today’s newsletter, Stormy Daniels’ day in court and Hong Kong’s property market slump

Africa’s second-biggest oil producer unlocks cash from a Chinese-controlled account to pay interest on a crucial loan