International - Financial Times - Credit Squeeze

Boost to economy comes ahead of expected tough Budget next month

Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally

Beijing’s push will speed moves to multi-polar monetary system, analysts say

Latest figures for England and Wales reflect 30-year decline in violent crime

Carmakers say disruption to chip supplies could affect production amid calls for diplomatic solution to dispute

Aggregate numbers — public or private — are not what should keep you up at night

Also in today’s newsletter: Tesla profits fall and Javier Milei’s make-or-break moment approaches

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

Europe and others must insulate their economies from Trump weaponising US tech

Lawrence Wong says no other country can fill the vacuum left by the US

Forward contracts indicate a 12% decline for currency despite $40bn US support package

US pressure has derailed a landmark deal to curb maritime carbon emissions

Access to the US market is not the significant point of leverage the president believes it to be

In the era of protectionist policies, business leaders need to build public sector trust

Figure prompts traders to increase bets on Bank of England interest rate cut this year and sparks gilt rally

A would-be blueprint for Conservative boosterism is a curious collection of old economic ideas

Also in today’s newsletter, Bessent faces backlash over Argentina and bidders circle Warner Bros Discovery

Projection clashes with IMF estimates that rule out US making progress in lowering deficit

The mandarin’s mandarin on G20 communiqué scrapping, the risk of a ‘Truss moment’ in Treasuries, and the dollar’s endangered dominance

Trump administration plans trade assault in attempt to drive down cost of medicines including weight-loss pills