International - Financial Times - Credit Squeeze

Strong GDP figure belies weakness in manufacturing and consumption, industry group warns

Profits at maker of Guinness and Johnnie Walker fall by almost 30% amid downturn in alcohol sales

Group draws in $61bn in second quarter, bringing assets under management to $840bn

President’s sacking of Bureau of Labor Statistics chief Erika McEntarfer undermines faith in official data, say economists

In a world where solutions are harder to come by, we must maximise the power of the human mind

President says US Treasury secretary took his name out of consideration

Also in today’s newsletter, tension over tomatoes

US industrial bellwether posts lower-than-expected profits as costs rise

Karin Keller-Sutter and economy minister Guy Parmelin’s Washington trip follows Trump decision to hit country with steep tariffs

The US and the UK vie for which method is worse. Plus, the race to become Fed chair hots up

Tariff relief for cars, steel and aluminium yet to be agreed

The US president is upending a quarter of a century of American policy in the Indo-Pacific

Also in today’s newsletter, an FT investigation on a covert Iranian nuclear experts trip and US defence start-up winners

Mining billionaire Andrew Forrest says duties will result in ‘exporting’ of jobs and industry

Ministers race to offer ‘support measures’ to affected companies as coalition squabbles over handling of talks

Countries will be ‘unable to sustain growth’ unless companies start opening the taps

US central bank should orientate monetary policy towards maximising productivity

Japan and South Korea resist US pressure to wrap commitments to pipeline project into trade deals

Buying new can be hard to resist — patronising small brands with transparent supply chains is a good place to start

New Delhi describes threat as ‘unjustified and unreasonable’