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Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
Also in today’s newsletter, Tesla shares soar in after-hours trading, and Dimon praises ‘booming’ US economy
Investors should not write off the country’s growth potential
An ECB interest rate cut soon would make sense but the Fed faces a more difficult call in the US
Commercial ties between the two powers appear to be catching up from an abnormally low base
Pound rises against dollar as chief economist Huw Pill sets a different tone from deputy governor
Index reading well above economists’ prediction marks fastest expansion since May
The search for the neutral rate is proving elusive
Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’
AmCham China highlights concerns about lack of regulatory clarity as Beijing seeks to shore up confidence
Also in today’s newsletter, Ukraine aid and the opening of Trump’s trial
Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offers
While base case remains reduction in borrowing costs, options market shows a 20% probability of increase
Operators say ports severely congested because of Red Sea disruptions
Rich countries espouse active industrial policy at home while continuing to impose outdated policies abroad
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxis
Policymakers should remain vigilant about outstanding risks to the global financial system
International co-operation will need the US to tax its own companies’ emissions
Nobel-winning economist speaks about her climate-focused tax proposal
Also in today’s newsletter, Israel’s intelligence head resigns and professional services firms explore ways to cut staff
One overlooked reason for US resilience is stimulus still coursing through the economy
Trade groups say monthly tariffs that importers of food and plants from the EU will have to pay will add up quickly
Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on manufacturing
Also, earnings season ramps up, a first stab at US first-quarter growth and the Bank of Japan makes its latest rate call
International Edition