International - Financial Times - Credit Squeeze

Document formalising last month’s deal delayed by squabbles over language on ‘non-tariff barriers’, bloc’s officials say

After second devaluation of the naira, manufacturers overhauled supply chains to source more materials domestically

Banks and companies in emerging markets outside China issue debt at fastest pace since 2021

Banks slash interest rates paid to customers in response to base rate cuts; inflation forecast to peak at 4%

Investors warn credit markets are ‘weirdly confident’ despite threats to global economy

ABF’s Vivergo almost certain to close its plant near Hull and lay off workers

Also in today’s newsletter, Berkshire resumes sales of Apple shares and China warns against hoarding rare earths

GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates

Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation

Judicial limits on the executive today will bind the hands of future presidents tomorrow

Beijing determined to retain leverage over supply by preventing buyers from building large inventories

US probe into semiconductor sector could leave a patchwork of agreements with individual companies and countries

Rise in Producer Price Index in July was the highest since February

Most of those in the political world chafe at higher costs but, unlike voters, they are not at the sharp end

We need to talk about the Kevins (and Pulte)

Also in today’s newsletter, bitcoin hits a record, and French borrowing costs close in on Italy’s

Plus survey response rates and the BLS

US Treasury secretary’s comments mark rare intrusion into Asian ally’s monetary policy

In one patch of the world’s biggest economy, spending habits fail to match shoppers’ anxiety

Anxiety grows over France’s public finances just as Rome improves its standing with bondholders