International - Financial Times - Credit Squeeze

US president intends to impose penalties on trading partners as soon as this weekend

Bullion surpasses October peak as traders stockpile in New York

GDP figure published before European Central Bank cut its benchmark rate to lowest level since early 2023

Move comes after Fed keeps borrowing costs on hold

Figure comes after Fed chair Jay Powell said there was no hurry to cut interest rates

Also in today’s newsletter, SoftBank in talks to invest up to $25bn in OpenAI, and London’s gold shortage

Advocates say reopening pipelines could help settlement with Moscow and cut energy costs

US central bank holds rates steady as it resists Donald Trump’s calls to cut borrowing costs

Customers face the biggest annual increase since utilities were privatised 36 years ago

The corporate and political winds appear to be blowing increasingly in that direction

US president had called on the central bank to sharply reduce borrowing costs

Also in today’s newsletter, OpenAI accuses DeepSeek of potential copyright breech and a new demography series begins

The IMF’s exceptional access policy is not working

Economists warn that political meddling in monetary policy ‘can often go very badly’

New president Claudia Sheinbaum is up against difficult challenges inside and outside her country

Entities loaned billions to create mining and processing supply chain, report shows

Tariff threat spurs Mexico to fill in smuggling tunnel and Canada to deploy helicopters and drones

Former Labour minister recently received approval despite Republican concerns about business ties to China

US shift from soft to hard power towards allies such as Colombia may backfire

They don’t make much sense and don’t seem to matter much anyway