International - Financial Times - Credit Squeeze

Fund warns about lack of progress in repairing budgets as Middle East war strains public finances

Ferrero Rocher producer says it was target of unannounced inspections this week

Also in today’s newsletter: Trump’s ‘banana republic’ rhetoric and OpenAI’s new cyber security model

Plus, what does a healthy labour market look like when there is no job growth?

Fed chair nominee Kevin Warsh will lack ‘credibility’ in arguing rates should fall, says former Treasury secretary

Britain, Italy and France have borne the brunt of a sovereign debt sell-off sparked by the Iran war

The world’s economy has managed to withstand a great deal of chaos, but new IMF forecasts show that things could get worse

Brussels wants firms opening factories in the EU to transfer knowledge and employ local staff. Will it work?

This series looks at the economic consequences of China’s record trade surplus for the rest of the world

The final stretch of reining in price increases is likely to be difficult, warn economists

The Iran war has intensified US households’ affordability struggles

We ran the latest CPI and PPI data through our new nowcasting model to predict the upcoming PCE numbers

Expansion of global economy would fall to 2.5% in an ‘adverse scenario’ of persistent $100-per-barrel oil

Fund says British economy faces heavy blow from global energy crisis this year

Poorer countries are finding themselves at sharp end of fuel shortages

Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel

Also in today’s newsletter: Iran and the US keep talking while OpenAI’s $852bn valuation comes under scrutiny from backers

Also in this newsletter: UN trade agency chief says Brussels protectionism hurts developing world

Rising fuel prices and tech imports spur surge in imports

CEOs warn US president’s push to build $12bn stockpile threatens distortions and ‘massive overhang’