International - Financial Times - Credit Squeeze

Index declines 0.7% as deflationary pressures continue to weigh on world’s second-largest economy

Even Germany’s frugal friends are undergoing policy and sentiment shifts

Beijing accuses Ottawa of ‘discriminatory’ levies on electric vehicles

Chancellor-in-waiting Merz’s promise to do ‘whatever it takes’ pushes Bund yields sharply higher in anticipation of more issuance

Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall Street

US president tells Moscow and Kyiv to get to the bargaining table ‘right now’

Putting the FFS in tariffs

Hopes for stronger economic growth fuel sharp recovery as dollar weakens

Treasury secretary’s remarks come as Taipei has become nervous about shifting US stance on Ukraine

The country’s huge surplus with the US is under fire from the Trump administration

Initiative aims to curb rising grocery bills eating into popularity of leftwing leader Lula

The true causes of growth are one of the great mysteries of economic thought

Also in today’s newsletter, White House backtracks on tariffs and the end of an era for Walgreens

Has the White House given up on trying to create a US national champion in chip manufacturing?

Beijing’s foreign minister Wang Yi criticises US president over increasingly hostile trade relations

And the vibes ahead of today’s jobs report

Trump’s team consider financial policy interventions to be crucial in a grand reordering of global finance and trade

President’s erratic policymaking has caused ‘a lot of uncertainty’ across corporate America

Chip designer delivers upbeat results amid broad decline in tech shares

Wall Street tumult gives investors ‘good excuse’ to shift into lower-risk holdings