International - Financial Times - Credit Squeeze

Vietnam, Malaysia, Singapore and increasingly India stand to gain

Entry of notorious Maia-1 into European territory waters would pose fresh challenge to western sanctions system

January’s bad data needs further scrutiny; plus, Bessent’s bet bombs

Also in today’s newsletter, OpenAI considers ways to fend off hostile bids and Apple pushes into India

China hawk was thwarted in president’s first term but is now putting his vision of US trade protectionism into action

RBA points to ebbing inflation pressures but remains ‘cautious’ on further easing

Indian companies make clear demand for fresh supplies in world’s fastest-growing major economy

Governor Christopher Waller says levies would only cause temporary increase in prices

The White House is making up rationales for trade policy as it goes along

Chinese authorities said to be weighing approval as a bargaining chip in trade negotiations with US

Also in today’s newsletter, Xi meets China’s top tech entrepreneurs and JPMorgan snubs bank regulator

US president’s tariff threats have helped bullion to string of record highs

Experts warn tariffs and stubbornly high interest rates could worsen debt distress in 2025

Beijing hosts tech tycoons as authorities seek to reinvigorate economy

World business and commerce are changing in ways that have nothing to do with the US president’s tariff threats

If OBR revises expectations chancellor Rachel Reeves faces ‘£7bn-£8bn hole’ in public finances

Debtholders committee says government finances boosted by jump in coffee and gold exports

Growth buoyed by stronger corporate spending despite onset of interest rate rises

Hamas-Israel conflict reaches 500th day, and far-right AfD set to poll strongly in election for Europe’s largest economy

Washington can no longer afford to stand idle