International - Financial Times - Credit Squeeze

Italian prime minister criticises Brussels for engaging in tit-for-tat with US

Beijing is concerned proximity to America could lead to sharing of smart car technology developed by Tesla’s main rival

Tesla sinks as investors shift away from riskier holdings

Economists and scientists worry over disappearing data and advisory groups

Pound has rebounded this year amid stubbornly high UK inflation and a broad dollar retreat

The US president wants both to protect domestic manufacturing and hold the dollar as the reserve currency

Executives are concerned that levies on components could be in the president’s sights

City’s strategic position makes it increasingly vulnerable to escalating geopolitical tensions between US and China

Also in today’s newsletter, US’s campaign against the Houthis and the man moving Meta to the right

Its strengths and weaknesses are well known, but the Trump administration is creating new opportunities and threats

Also in today’s newsletter, traders make $16bn shorting Tesla and economists warn of US economic slowdown

Leftist president’s approval moves above 80% in swirl of nationalism as she grapples with US tariff threats

US companies at risk of scrutiny from Beijing as political tensions mount

Jakarta index among world’s worst performers as slowing consumption and government spending rattle investors

Office for National Statistics updates items used to measure price growth as spending habits evolve

Pieter Omtzigt says EU’s €800bn military build-up could push up debt and interest rates

FT-Booth survey also signals rising concerns over quality of US economic data

Africa’s most populous country among former crisis-hit economies attracting foreign inflows

Hint at summit comes amid escalating trade conflict between Washington and Beijing

Britain’s digital services tax set to remain point of dispute at Washington meeting