International - Financial Times - Credit Squeeze

Greenland gambit suggests the country is now a threat to as much as a guarantor of security

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’

Rise in exports expected to increase tensions with US and other trade partners

And replies on stablecoins

Oversupply drives intense competition that is undermining prices and profitability

Conference Board survey highlights increasing concerns over impact of threatened tariffs on goods and services

The global rebellion against those in power does not extend to the developing world

Washington and Beijing should conduct a joint intervention on the renminbi

Plus, Joe Biden leaves the White House, Wall Street banks report earnings, and confidential MI5 files are made public

The financial underpinnings look increasingly fragile

The west needs to co-operate, cautiously, with Beijing in the renewable energy trade

How the US’s colossal economy and stock market conceal its flaws

Market Questions is the FT’s guide to the week ahead

Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffs

DHL, Ceva Logistics and Kuehne+Nagel are redeploying Mandarin speakers to help China’s manufacturers set up overseas

Rafizi Ramli suggests semiconductor and tech sectors are seeking to avoid exposure to possible Trump tariffs

Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the world

Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cuts

Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation rise