International - Financial Times - Credit Squeeze

Rio Tinto’s $800mn revenue hit highlights growing costs of business interruption

Also in today’s newsletter: Perplexity’s revenues jump 50% in a month and Turkey sells $20bn of gold

None compare to the OG sovereign default

When the central bank tightened policy in an oil shock it proved a costly error. This time might be different

New research forecasts hit to GDP from lower productivity and workers quitting because of long-term illness

Brussels is proposing to tighten safety rules that apply to a small number of specialist imports

In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China

The country is rapidly moving up the global ranks as an exporter of knowledge-intensive products

What the 1960s can teach us about our economy

With the Iran war set to fuel price growth, worker representatives consider ways to secure higher wages

Controversy over sky-high prices for Oasis reunion tour prompted prime minister to launch a regulatory review

Non-bank lenders rapidly reduce holdings of EM debt during shocks such as the Iran war, analysis suggests

An assessment almost six weeks into the latest global economic crisis

Also in today’s newsletter: Citigroup seeks to jump-start its money management business and Artemis II circles the Moon

Beijing lobbying stepped up at UN meetings over summit for high seas

Hospitality sector already hit by increases to business rates and wages

Repeated cost shocks make a transition to cleaner energy critical

A new infrastructure is being built rapidly to avoid the strategic chokepoint and ensure global energy and food security

US war of choice in Iran risks turning Americans into global pariahs

World’s biggest crude exporter to ask Asian customers for close to $20 a barrel on top of benchmark prices