International - Financial Times - Credit Squeeze

Britain has been pushed into an unusual trade deficit with its largest trading partner

Unexpected increase in April supported by relative strength in household finances

Plus central bank hold ’em

Also in today’s newsletter: Israel supplies UAE with laser systems and the quest for Earth 2.0

Incentives to replace ageing equipment set to help compensate for still-sluggish property sector

There are signs that voters are losing faith as problems mount for his administration ahead of midterm elections

US president lifts duties on the drink following the British monarch’s trip to Washington

Donald Jr and Eric have sought to capitalise on sectors supported by father’s presidential administration

Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading

Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

Central bank can wait for now but its modelling points to higher interest rates this year, analysts say

Kevin Warsh still needs to prove that he can stand up to the US president

Inflationary pressures are beginning to wane. Explore the latest data through interactive charts

Rush by businesses to purchase tech equipment offsets deceleration in consumer spending

Policymakers warn risks to Eurozone economy from Middle East conflict have ‘intensified’

Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy

Central bank debated whether to raise rates at this meeting but wants more time to assess Iran fallout

PCE inflation rose strongly and GDP figures showed no signs of a let-up, bolstering the case for caution at the Fed

The forthcoming US-China leaders’ summit will be much less fraught than the last one

BoE scrapped its central scenario for first time since pandemic