FT News Briefing

US-Iran war boosts used electric vehicle sales

Fri, 10 Apr 2026 04:00:00 GMT

Shipping through the Strait of Hormuz remains at a standstill, sales of used electric vehicles are surging in the US, and the International Monetary Fund is warning that the war’s shocks will be felt by the global economy for a while. Plus, the FT’s Marton Dunai gives a rundown of the upcoming Hungarian elections.

Mentioned in this podcast:

OECD urges governments to rapidly unwind costly fuel duty cuts

Refineries rush to secure oil cargoes as Iran maintains grip on Hormuz

Sales of used EVs surge in US as petrol prices pass $4 a gallon

Who is Péter Magyar, Viktor Orbán’s nemesis?

Donald Trump and JD Vance back Viktor Orbán ahead of Hungary’s election

Credit: AP Archive, C-SPAN, Reuters

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The oil market navigates a shaky ceasefire

Thu, 09 Apr 2026 04:00:00 GMT

The Middle East ceasefire is strained, the FT’s Jamie Smyth explains how the uncertainty is hitting oil markets and Pakistan has become a mediator between the US and Iran. Plus, the data chief of the NHS has vowed to ignore controversy about Palantir while setting out plans to deeper embed the US company’s technology.

Mentioned in this podcast:

Middle East ceasefire under pressure over Israeli strikes on Lebanon

Saudi Arabia’s key east-west oil pipeline hit as Middle East energy attacks continue

Iran demands crypto fees for ships passing Hormuz during ceasefire

White House pushed Pakistan to broker temporary Iran ceasefire

NHS data chief pushes for deeper rollout of Palantir technology despite outcry

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US and Iran agree to two-week ceasefire talks

Wed, 08 Apr 2026 04:00:00 GMT

US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz, hedge funds made record bets against European stocks, Turkey has sold or loaned out $20bn of gold since the outbreak of the Iran war, and a project for a German warship has turned into a defence procurement disaster. Plus, four astronauts made a historic trip around the Moon.

Mentioned in this podcast:

Middle East live blog

Hedge funds make record bets against European stocks

Europe’s rearmament meets reality: the story of a failed frigate project

Turkey’s gold sales deepen bullion slump

Artemis II astronauts head back to Earth after record-breaking Moon trip

Credit: CNN, NBC New York

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China lends Cuba a helping hand

Tue, 07 Apr 2026 04:00:00 GMT

The US and Iran rejected each other’s peace proposals, EU officials are urging governments to avoid excessive support to offset surging energy prices, and the value of buyouts by private equity groups fell by more than a third in the first quarter of the year. Plus, Cuba is offsetting power blackouts and shortages with the help of soaring imports of solar technology from China.

Mentioned in this podcast:

US and Iran reject each other’s proposals to end war

EU warns capitals against turning energy crunch into fiscal crisis

Private equity buyouts slump as AI fears and war dent dealmaking

Power-starved Cuba deepens reliance on Chinese solar tech

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Counting the costs of Trump’s immigration crackdown

Mon, 06 Apr 2026 04:00:00 GMT

In a special edition of the FT News Briefing, reporter Guy Chazan explains the cost of US President Donald Trump’s immigration crackdown. We hear from business owners and people affected by the policies in the Rio Grande Valley of south Texas.

Mentioned in this podcast:

The economic cost of Trump’s migrant crackdown

Sources: White House, Fox, ABC

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig and produced by Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The economic fallout of ‘liberation day’

Sat, 04 Apr 2026 06:00:00 GMT

America’s tariff regime affected all aspects of life from the global economy to the day-to-day of average business owners. In this special episode, the FT’s US Economics Editor Claire Jones explains what changed, and what didn’t, because of those tariffs.

Mentioned in this podcast:

Listen to the rest of our Liberation Day series

Listen to Swamp Notes

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Hosted on Acast. See acast.com/privacy for more information.

Robert Armstrong on coining the Taco trade

Fri, 03 Apr 2026 04:00:00 GMT

President Donald Trump fired US attorney-general Pam Bondi, and private credit investors are requesting their money back from Blue Owl Capital at an alarming rate. Plus, the FT’s Robert Armstrong continues our series on Trump’s tariffs with analysis of the Taco trade theory a year later.

Mentioned in this podcast:

Donald Trump fires US attorney-general Pam Bondi

Blue Owl struck by $5.4bn of redemption requests

Taco trade theory and the US market’s surprise comeback

Listen to the FT News Briefing’s tariffs series here

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The shifting geopolitics of Trump’s tariffs

Thu, 02 Apr 2026 04:00:00 GMT

US President Donald Trump updated Americans on the war in Iran, and Chinese government bonds have sidestepped a global debt sell-off since the start of Washington’s conflict with Tehran. Plus, in part four of our tariff anniversary series, the FT’s Gideon Rachman explains how Trump’s tariffs reshaped the geopolitical landscape.

Mentioned in this podcast:

Donald Trump offers mixed messages on war in Iran

Chinese government bonds emerge as lone war haven

Listen to the FT News Briefing’s tariffs series here

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon, Victoria Craig, and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann andD avid da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How a small US business navigated Trump’s tariffs

Wed, 01 Apr 2026 04:00:00 GMT

Foreign central banks have slashed their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012, and a preliminary estimate showed that Eurozone inflation jumped to 2.5 per cent in March. Plus, we hear from two small US business owners about how they have navigated a year of President Donald Trump’s tariffs.

Mentioned in this podcast:

Foreign central banks sell US Treasuries in wake of Iran war

The ECB’s three-pronged monetary strategy

Trump tariff tracker: US trade, markets and the economy

Listen to the FT News Briefing’s tariffs series here

Chris Giles on Central Banks

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The rocky legal future of Trump’s tariffs

Tue, 31 Mar 2026 04:00:00 GMT

Swiss lawmakers have assured senior UBS executives that they will water down stringent new rules and the Trump administration took its first step in opening the more than $10tn US retirement marketplace to private markets. Plus, as part of our series marking one year since so-called Liberation Day, the FT’s Stefania Palma explains the rocky legal future of US tariffs.

Mentioned in this podcast:

Swiss lawmakers signal compromise on $22bn UBS capital plan

Trump to take first steps in opening retirement funds to private markets

The Supreme Court sends tariffs on a turbulent descent

Listen to the FT News Briefing’s tariffs series here

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Trump's tariffs ripped up the global trade order

Mon, 30 Mar 2026 04:00:00 GMT

US President Donald Trump has said he wants to ‘take the oil in Iran’ and could seize the export hub of Kharg Island. Uncertainty about what happens next in the war is sending nervousness through global markets. Plus, this week marks one year since President Trump’s so-called Liberation Day announcement. How has the global trade landscape changed since then?

Mentioned in this podcast:

Donald Trump says US could ‘take the oil in Iran’

Global markets recoil as Marco Rubio warns war in Iran could stretch for weeks

US bond market shows signs of strain as Iran war sparks Treasury tumult

How has the global economy changed since ‘liberation day’?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig and produced by Nisha Patel and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Untold: Opus Dei, Ep. 1

Sat, 28 Mar 2026 05:00:00 GMT

Untold host Antonia Cundy uncovers the cultural and political influence of a controversial Catholic organisation in America. Opus Dei exists to help people get closer to God, but some members say they found other agendas – and unexpected harm – entangled in that spiritual mission.

We meet Sarah – a young girl drawn to Opus Dei’s message that professional work can be a path to holiness. At 18, Sarah says goodbye to her family and moves into an Opus Dei centre to learn how to make her work an offering to God. But what she experiences there feels different to the organisation she thought she knew. Sarah chafes at unexpected rules, unquestioning obedience and dehumanising treatment.

Subscribe and listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hong Kong woos asset managers with potential tax cuts

Fri, 27 Mar 2026 05:00:00 GMT

The United Arab Emirates has told allies that it would participate in a multinational maritime task force intended to reopen the Strait of Hormuz, and Hong Kong is weighing tax cuts for asset managers. Plus, London has embraced a controversial form of energy production: burning rubbish.

Mentioned in this podcast:

UAE pushes for international force to reopen Hormuz

Hong Kong weighs ‘big bang’ tax cuts for asset managers

‘It’s good business’: how London became an ‘energy from waste’ capital

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Mischa Frankl-Duval, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors try to stay ahead of Trump’s Iran moves

Thu, 26 Mar 2026 05:00:00 GMT

Iran’s top military leadership dismissed Donald Trump’s claims that the Islamic republic was ready to make a deal, the US president appears to make abrupt policy pivots based on swings in oil prices, and the EU’s trade commissioner says time is running out to stop the World Trade Organization from fading into irrelevance. Plus, how worried should investors be about the caps on redemptions at private credit funds?

Mentioned in this podcast:

Iran’s military leaders dismiss Donald Trump’s deal claims

Iran war tests Donald Trump’s tolerance for ‘pain’ in oil market

Meta and Google liable for social media harm to children’s mental health in landmark US case

WTO risks sliding into irrelevance, EU trade commissioner warns

Private credit’s game of footsie is getting riskier

Ares limits withdrawals from $10.7bn private credit fund

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Gold hasn’t been acting like itself lately

Wed, 25 Mar 2026 05:00:00 GMT

Meta and OpenAI will be among the first customers of Arm’s long-awaited new AI processor, the haven asset gold hasn’t been looking like its usual self, and Volkswagen is in talks to switch production at one its factories from cars to missile defence for Israel. Plus, Lebanon is worried Israel will push further into its southern region and occupy it.

Mentioned in this podcast:

Arm launches own AI chip in high-stakes strategy shift

Unhedged: Is gold an unsafe haven asset?

Listen to the Unhedged podcast here

VW to shift from cars to missile defence in deal with Israel’s Iron Dome maker

The sum of all fears for Lebanon

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Netanyahu’s rivals try to outdo him over Iran

Tue, 24 Mar 2026 05:00:00 GMT

Sources tell the FT that Pakistan is positioning itself as the lead mediator trying to broker an end to the US’s and Israel’s war against Iran, and the US ambassador to the EU says the bloc must implement its trade deal with the US or risk losing its “favourable” access to liquefied natural gas shipments from American exporters. Plus, carmakers are panic buying aluminium because of the Middle East conflict, and some Israeli opposition parties are being surprisingly hawkish on Iran.

Mentioned in this podcast:

Pakistan steps up as go-between in Trump’s Iran crisis

US warns EU to pass trade deal or risk losing ‘favourable’ access to LNG

Carmakers rush to secure aluminium as Middle East war hits supply

Benjamin Netanyahu’s rivals compete to outdo him over Iran

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Strait of Hormuz crisis poses fresh threat to global food, energy

Mon, 23 Mar 2026 05:00:00 GMT

The World Food Project warns millions more could be pushed into acute hunger if the Strait of Hormuz remains closed. Plus, energy executives meet in Houston as war in Iran rages, and China pitches itself as a “harbour of stability” to global CEOs. And Trump escalates his rhetoric on Cuba, raising fears of U.S.-Cuba confrontation.

Mentioned in this podcast:

Piles of wheat and canned food stuck in transit as Iran war disrupts aid

Iran war is the greatest threat to global energy ‘in history’, warns IEA

Canada’s oil producers in line for C$90bn windfall from Iran war

China touts itself as ‘harbour of stability’ amid Iran war

Cuba hit by second nationwide power outage in a week

Credit: NBC

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The ‘Armageddon scenario’ for gas markets

Fri, 20 Mar 2026 04:00:00 GMT

Investors sounded the alarm on Thursday after a major Qatar gas facility took serious damage, and amateur traders are going wild for five-minute bets.

Mentioned in this podcast:

‘Armageddon scenario’ for gas markets as Qatar hit by missiles

Five-minute bets are the new craze sweeping crypto markets

Stocks and bonds tumble as investors price in ‘protracted energy shock’

CERAWeek conference

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Federal Reserve holds steady as inflation fears mount

Thu, 19 Mar 2026 05:00:00 GMT

The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year. Plus, Walmart won patents to give algorithms more sway over prices and fears of an immediate escalation in the conflict between Afghanistan and Pakistan have eased.

Mentioned in this podcast:

Federal Reserve chief Jay Powell says Iran oil crisis will worsen US inflation

Pakistan and Afghanistan pause hostilities after Kabul hospital attack

Walmart wins patents to give algorithms more sway over prices

US relaxes sanctions on Venezuela’s PDVSA amid global energy squeeze

Send us your tariff story: marc.filippino@ft.com

Credit: Federal Reserve

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Saudi Arabia’s bet on Iran backfired

Wed, 18 Mar 2026 04:00:00 GMT

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Covid-19 pandemic. Plus, the FT’s Ahmed Al Omran explains why Saudi Arabia’s recent truce with Iran has not paid off.

Mentioned in this podcast:

EU weighs curbs on national powers to block mergers

Banks prepare to offload $18bn in debt tied to EA take-private deal

Investors pile into cash at fastest pace since pandemic on Iran fears

How MBS’s bet on Iran backfired

Send us your tariffs story: marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Michael Lello, and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Iran war tests China’s oil stockpile

Tue, 17 Mar 2026 04:00:00 GMT

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is put to the test as the strait remains closed. Plus, scientists have identified a potential new type of planet.

Mentioned in this podcast:

Why Hormuz will haunt us long after this war ends

Biggest Nato allies reject Trump’s Hormuz armada demand

UniCredit launches €35bn Commerzbank takeover offer

Iran war tests Xi Jinping’s plan to build China’s stockpiles

Hellish new planet identified beyond solar system

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Marc Filippino, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US shale producers not yet tempted by $100 oil

Mon, 16 Mar 2026 05:00:00 GMT

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t celebrating. Plus, wealthy individuals have sought to pull more than $10bn from some of the largest private credit funds in the first quarter. And, what to expect from eight central bank meetings this week.

Mentioned in this podcast:

Donald Trump warns Nato faces ‘very bad future’ if allies fail to help US in Iran

EU ministers to discuss possible naval options for Strait of Hormuz

Why America’s shale patch is not celebrating $100 oil

Rich investors seek to pull billions from private credit funds

Iran war reawakens global inflation fears

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Artificial intimacy: How to fall in love with AI

Sat, 14 Mar 2026 05:00:00 GMT

Introducing Artificial intimacy from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.

Calder Quinn has fallen into a relationship with a chatbot called Sara. She’s kind, emotionally intelligent and creatively inspiring. But how can he tell his wife he is having sex with an AI girlfriend? In the first episode of Artificial Intimacy we look at how people are developing romantic bonds with AI companions. What does it feel like to be in love with AI? What impact could it have on human relationships? Could it replace them altogether?

Host Cristina Criddle speaks to Giada Pistilli, an AI ethicist who now works at Mistral; Calder Quinn, writer at ‘AI, But Make It Intimate’; Amelia Quinn, Calder’s wife; and Alaina Winters, professor emeritus of communication who publishes on meandmyaihusband.com.

Presented by Cristina Criddle, produced by Persis Love and Edwin Lane. The executive producer is Flo Phillips. Sound design by Breen Turner and Sam Giovinco.

We used ElevenLabs to create Sara’s voice. All other voices are real.

Hosted on Acast. See acast.com/privacy for more information.

US-Iran war boosts Russian oil revenues

Fri, 13 Mar 2026 04:00:00 GMT

Gulf oil producers have lost billions of dollars in energy revenues since the start of the US-Iran war, but there is one country benefiting: Russia. It is earning as much as $150mn a day in extra budget revenues from its oil sales. Plus, the FT’s defence and security correspondent Charles Clover explains what may come next in the conflict.

Mentioned in this podcast:

Gulf states lose $15bn in energy revenues since start of war

Iran’s new supreme leader vows to keep Strait of Hormuz closed

‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on shipping

Russia rakes in $150mn a day in extra revenue from surging oil prices

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hold on — tech stocks are a safe haven now?

Thu, 12 Mar 2026 04:00:00 GMT

The International Energy Agency has launched the largest release of strategic oil reserves in its history, investors have sought shelter from the turmoil of the war in Iran in US tech stocks and US inflation held steady at 2.4 per cent in February. Plus, the war has threatened the Indian economy’s “Goldilocks” combination of strong growth and low inflation.

Mentioned in this podcast:

IEA releases record oil reserves to counter Iran war energy shock

Investors seek shelter from Iran war in US tech stocks

US inflation holds steady at 2.4% in February

Iran war threatens India’s ‘Goldilocks’ economy

The ‘number station’ sending mystery messages to Iran

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Sonja Hutson and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Corporate America grapples with huge oil price swings

Wed, 11 Mar 2026 04:00:00 GMT

Oracle’s shares climbed 9 per cent on Tuesday after the database group posted better than expected earnings, and we discuss how American businesses are navigating soaring energy prices. Plus, the higher costs to insure tankers traversing the Strait of Hormuz, and the FT’s Antoine Gara explains why investors are ditching private credit funds.

Mentioned in this podcast:

Oracle shares rally on strong revenue forecast from AI data centres

Soaring fuel prices expected to cast long shadow across US economy

Lloyd’s of London says it will still insure ‘basically anyone’ in the Gulf

Investors ditch private credit funds on rising worries over bad loans

Retail investors shun private credit funds after Blue Owl gating

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Sonja Hutson and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US is leaving an Iranian island untouched

Tue, 10 Mar 2026 04:00:00 GMT

The price of oil fell sharply, and we’ll take a look at why the US and Israel are avoiding an attack on Iran’s Kharg Island. Plus, the FT’s George Hammond explains what the tenuous relationship between the Pentagon and Anthropic might mean for the AI start-up.

Mentioned in this podcast:

G7 ‘stands ready’ to release emergency oil reserves

Anthropic sues the Pentagon over being declared a ‘supply chain risk’

Gilt market slump deepens as traders bet on Bank of England rate rise

Kharg Island: Iran’s oil lifeline that Donald Trump has left untouched

Webinar: War in the Middle East: What’s the End game?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Oil price surge risks upending global economy

Mon, 09 Mar 2026 05:00:00 GMT

Iran names Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses seek more insurance coverage as the war in Iran continues. And, fears of food price spikes are growing.

Mentioned in this podcast:

Mojtaba Khamenei becomes Iran’s supreme leader

Oil surges past $100 a barrel for the first time in four years

Qatar warns war will force Gulf to stop energy exports ‘within days’

Iran war muddles expectations of likely Federal Reserve interest rate cuts

Fertiliser disruption from Iran conflict prompts global food shortage warnings

Note: The FT does not use generative AI to voice its podcasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Iran war’s global energy impact

Fri, 06 Mar 2026 05:00:00 GMT

As insurance costs rocket for shipping in the Strait of Hormuz, Asian countries brace for an energy shock. The rapid expansion of American-owned data centres in the Middle East has opened up a new front for Iran’s retaliation against the US. Plus, Donald Trump fires the head of the US Department of Homeland Security, Kristi Noem, and the FT’s Joshua Franklin explains what JPMorgan wants with an historic New York City hotel.

Mentioned in this podcast:

Industry casts doubt on Trump plan to insure Gulf oil tankers as Iran war halts transit

Asia’s big economies brace for Iran war energy shock

Donald Trump fires controversial homeland security secretary Kristi Noem

Pakistan thwarts JPMorgan’s efforts to buy historic New York hotel

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Khamenei’s son is frontrunner to be Iran’s supreme leader

Thu, 05 Mar 2026 05:00:00 GMT

Israel expects war against Iran to last weeks and Ayatollah Khamenei’s son emerges as a leading candidate for supreme leader. Plus, the Federal Reserve grants crypto exchange Kraken access to its core payments system, inside the collapse of UK property lender Market Financial Solutions, and US Treasury secretary Scott Bessent says the new 15% tariff rate could start this week.

Mentioned in this podcast:

Ali Khamenei’s son Mojtaba emerges as a leading candidate for supreme leader of Iran

Gulf insurance costs soar 12-fold despite Trump guarantee

Federal Reserve grants Kraken access to payments system in first for crypto group

Collapse of UK property lender sends shockwaves through Wall Street

Scott Bessent says 15% global tariff ‘likely’ to be imposed this week

Send your tariffs stories to marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Henry Larson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Iran crisis sends European gas prices soaring

Wed, 04 Mar 2026 05:00:00 GMT

Gas prices have soared on the back of the war in the Middle East, and US president Donald Trump criticised some European nations for not being helpful in the conflict. Plus, the ongoing crisis is disrupting precious-metals trade, and China will unveil its five-year plan during the National People’s Congress meeting on Thursday.

Mentioned in this podcast:

Trump threatens to cut trade with ‘terrible’ Spain and calls Starmer ‘no Churchill’

China’s cadres advocate end to overtime to encourage people to have families

Brussels urges calm as Iran crisis sends European gas prices soaring

Gold and silver flows disrupted as Iran conflict grounds flights

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, edited by Marc Filippino, and produced by Fiona Symon and Saffeya Ahmed. Our show was mixed by Kelly Garry. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Gulf states caught in the middle of US-Iran conflict

Tue, 03 Mar 2026 05:00:00 GMT

Investors turned to gold and the US dollar in the wake of the Iran conflict, and Gulf states are panicking as Iran targets them in retaliatory strikes. Plus,can the US economy handle the surging oil prices caused by the attacks?

Mentioned in this podcast:

What will war in Iran do to the global economy?

Panic in the Gulf as Iran lashes out at US allies

What will be in Rachel Reeves’ spring outlook for the UK economy?

Investors turn to gold, not bonds, as haven from war in Iran

Hedge funds rethink emerging market bets after US-Israel strikes on Iran

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Nisha Patel. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

War in Iran: What comes next?

Mon, 02 Mar 2026 05:00:00 GMT

The world is reeling after the US and Israel struck Iran over the weekend. The FT’s Najmeh Bozorgmehr details the situation on the ground in Tehran. Then we explore how the renewed conflict affects the United States and the Middle East. Plus, the FT’s Malcolm Moore explains the potential implications for the oil market and the global economy.

Mentioned in this podcast:

What will war in Iran do to the global economy?

Tehran: a city at war

Oil jumps as Donald Trump vows to continue striking Iran

Insurers to cancel policies and raise prices for ships in Gulf and Strait of Hormuz

Ayatollah Ali Khamenei, Iran’s supreme leader, 1939-2026

After Khamenei, who rules Iran?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig and edited by Marc Filippino. It was produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI turns to a new type of lending

Fri, 27 Feb 2026 05:00:00 GMT

Paramount Skydance is poised to triumph in its bid to buy Warner Bros Discovery after Netflix said it would not boost its offer, tech companies are increasingly turning to loans backed by the chips on which their large language models are trained and the FT’s George Steer explains how Wall Street is hedging against the tech stock sell-off . Plus, Berkshire Hathaway’s new chief executive will send his first letter to investors on Saturday.

Mentioned in this podcast:

Paramount poised to clinch Warner Bros deal after Netflix walks away

Tech groups turn to more chip-backed loans to fund AI arms race

Wall Street turns to complex trades to dodge AI ‘implosions’

Warren Buffett hands over Berkshire Hathaway’s reins to Greg Abel

Behind the Money podcast: Berkshire after Buffett

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Deutsche Bank wooed Jeffrey Epstein

Thu, 26 Feb 2026 05:00:00 GMT

Nvidia beat Wall Street’s estimates on Wednesday as the company continued to benefit from the boom in AI infrastructure, and HSBC is on track to deliver cost savings earlier than planned. Plus, Iran looks to tempt US President Donald Trump with investments in order to stave off war, and the FT’s Robert Smith explains how Deutsche Bank rolled out the red carpet for Jeffrey Epstein.

Mentioned in this podcast:

Nvidia rallies on robust earnings powered by AI investment boom

HSBC shares hit record as bank accelerates cost savings and lifts target

Iran to offer ‘commercial bonanza’ to US companies

How Deutsche Bank rolled out the red carpet for Jeffrey Epstein

Note: The FT does not use generative AI to voice its podcasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

European investment banks’ killer year

Wed, 25 Feb 2026 05:04:13 GMT

US President Donald Trump delivered his State of the Union address last night, Europe’s largest investment banks delivered their highest trading revenues in at least a decade in 2025, and UK self-driving start-up Wayve has raised $1.2bn in new funding. Plus, people are returning to Afghanistan in droves, but there are questions over whether the country can support this massive influx.

Mentioned in this podcast:

European traders celebrate decade-beating performance

UK AI start-up Wayve raises $1.2bn from carmakers and Big Tech

Millions of people are returning to Taliban-run Afghanistan

Find a discounted subscription to FT.com here: ft.com/briefingsale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The war in Ukraine, four years later

Tue, 24 Feb 2026 05:00:00 GMT

US software stocks were hit with a fresh burst of selling on Monday as investors fretted that AI will upend the industry, and German Chancellor Friedrich Merz heads to China this week to discuss trade. Plus, the FT’s Ben Hall explains where things stand in the Ukraine war four years after Russia’s full-scale invasion.

Mentioned in this podcast:

US software and private capital shares hit with fresh wave of selling

What Friedrich Merz is going to tell Xi Jinping

Volodymyr Zelenskyy urges Donald Trump to see through Russia’s ‘games’

Find a discounted digital subscription here: ft.com/briefingsale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The fallout of Trump’s tariff setback at the Supreme Court

Mon, 23 Feb 2026 05:00:00 GMT

The US Supreme Court’s decision to strike down President Donald Trump’s use of emergency tariff powers is raising questions about existing trade deals, federal revenues, and the impact to American business. Plus, how JPMorgan chief executive Jamie Dimon is preparing to spend a record $2bn a week.

Mentioned in this podcast:

Trump’s new flat-rate tariff will boost China and Brazil

What does Trump’s latest tariff threat mean for his previous trade pacts?

Corporate America demands refunds after Donald Trump’s tariffs are struck down

Donald Trump’s tariffs send corporate America’s import costs spiralling

US banks enjoyed record profits of $300bn in 2025

Dimon seeks to sell JPMorgan investors on $2bn-a-week costs bill

FT News Briefing subscription sale

Note: The FT does not use generative AI to voice its podcasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bonus: Greenhouse’s Daniel Chait on standing out in a tough job market

Sat, 21 Feb 2026 05:00:00 GMT

Daniel Chait is the CEO of Greenhouse, a hiring platform. He told us his tips for hiring managers, a couple of unethical uses of AI in hiring and whether or not this job market is worse than the one during the global financial crisis.

Mentioned in this podcast:

The great graduate job drought

Note: The FT does not use generative AI to voice its podcasts.

This episode was hosted by Marc Filippino, and produced by Henry Larson. It was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The great graduate job drought

Fri, 20 Feb 2026 05:00:00 GMT

Donald Trump says the next 10 days will decide if the US strikes Iran or does a deal with the Islamic republic. Plus, the FT’s Anjli Raval explains just how bad the job market is for new graduates, and hiring platform Greenhouse’s CEO tells us his solutions.

Mentioned in this podcast:

Trump says he will decide in next 10 days if US will strike Iran

The great graduate job drought

Find a discounted digital subscription here: ft.com/briefingsale

Note: The FT does not use generative AI to voice its podcasts.

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can bankers be fired for demanding sleep?

Thu, 19 Feb 2026 05:00:00 GMT

JPMorgan Chase is in talks to provide banking services to US President Donald Trump’s Board of Peace, and investors have warned that loosening the UK’s borrowing limits to fund more spending on defence would risk a bond market backlash and a self-defeating rise in borrowing costs. Plus, the White House says the New York Fed should be disciplined for a recent report, and a former investment banker is suing over her right to get eight hours of sleep per night.

Mentioned in this podcast:

JPMorgan in talks to bank for Trump’s Board of Peace

Gilt investors warn about ‘ruse’ to fund higher UK defence spending

Trump adviser says New York Fed economists should be ‘disciplined’ for publishing study on tariffs

Can bankers be fired for demanding sleep? A US court will decide

FT News Briefing subscription sale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Warner Bros tells Paramount to make an offer it can’t refuse

Wed, 18 Feb 2026 05:00:00 GMT

Meta has agreed to spend billions of dollars on millions of Nvidia’s chips, and Warner Bros Discovery has reopened sale talks with Paramount. Plus, Christine Lagarde has decided to leave her post as president of the European Central Bank early, and US offshore wind companies are racing to bring projects online that can withstand Donald Trump’s efforts to cripple the industry.

Mentioned in this podcast:

Nvidia secures multibillion-dollar Meta deal as it battles chip rivals

Warner Bros throws ownership battle open by giving Paramount a week to up its offer

US offshore wind farms try to withstand the force of Trump’s wrath

Christine Lagarde to leave the ECB before April 2027

US restaurants downsize meals to counter anti-obesity drugs and affordability crisis

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Orbán draws US support ahead of Hungary’s election

Tue, 17 Feb 2026 05:00:00 GMT

Hungary’s Prime Minister Viktor Orbán lashed out at Ukraine at a meeting with US secretary of state Marco Rubio in Budapest. Fund managers are betting against the US dollar. Shareholders push oil companies to accelerate growth. Plus, a new top contender in the FT’s business school ranking.

Mentioned in this podcast:

Marco Rubio says Viktor Orbán’s leadership is ‘essential’ to US interests

MIT Sloan tops FT Global MBA Ranking for the first time

Fund managers take most bearish stance on dollar for a decade

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Mischa Frankl-Duval and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Executive producer Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What’s with Wall Street’s weird selloffs?

Mon, 16 Feb 2026 05:00:00 GMT

Cross-border EU banking deals reached their highest level since the 2008 financial crisis, and regulation reversals are hitting global electric-vehicle makers. Plus, soaring gold prices are affecting insurance coverage for precious metals storage, and how to make sense of recent AI-induced selloffs on Wall Street.

Mentioned in this podcast:

EU cross-border banking deals jump to highest since 2008 crisis

End of EV euphoria triggers $65bn hit for carmakers

Soaring gold price forces vaults to reduce insurance cover

Wall Street hunts next casualty from AI threat to white-collar work

Wall Street’s anything-but-tech trade shakes up US stock market

Credit: White House

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing 'The Kink Machine: The Hidden Business of Pleasure'

Sat, 14 Feb 2026 05:00:00 GMT

It’s the most watched business in the world. And the least understood. Streamed by millions every day, porn is everywhere. It shapes our culture, our relationships and even technology. Yet, nobody seems to know who really controls the business. The power brokers tend to lurk in the shadows, while their performers remain quite literally exposed.

In the new audiobook The Kink Machine: The Hidden Business of Adult Entertainment, from Pushkin Industries and the Financial Times, Financial Times journalists Patricia Nilsson and Alex Barker start digging into the porn industry and following where the money flows. Their reporting uncovers a shadowy power structure that includes billionaires, tech geniuses and the most powerful finance companies in the world.

A gripping exposé of how power operates behind the most taboo corner of the internet, Nilsson and Barker unravel a story about control, influence and an industry with staggering cultural reach that no one really wants to talk about — until now.

Here’s a preview of The Kink Machine. If you like what you hear, get The Kink Machine on Audible, Spotify, Pushkin.fm, or wherever you get audiobooks.

Hosted on Acast. See acast.com/privacy for more information.

Private equity’s workaround to buy law firms

Fri, 13 Feb 2026 05:00:00 GMT

The Trump administration plans to roll back some tariffs, Schroders agrees to a US takeover, and Americans paid 90 per cent of the cost of US President Trump’s tariffs last year. Plus, Goldman Sachs’ top lawyer will depart the company over Epstein ties, and how to buy a law firm when you’re not really allowed to.

Mentioned in this podcast:

Trump plans to roll back tariffs on metal and aluminium goods

Schroders boss reassured UK Treasury ahead of £9.9bn US takeover

Alphaville’s annotated thoughts on the Schroders takeover

US businesses and consumers pay 90% of tariff costs, New York Fed says

Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links

How to buy a law firm if you’re not allowed to buy a law firm

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A wacky US jobs report

Thu, 12 Feb 2026 05:00:00 GMT

The US economy added 130,000 jobs in January, beating market expectations, and documents appear to contradict testimony Jes Staley gave about his involvement with Jeffrey Epstein. Plus, Bangladesh is holding its first elections since 2024's mass uprising.

Mentioned in this podcast:

Epstein trustee document contradicts Jes Staley testimony

US economy far outstrips expectations to add 130,000 jobs in January

After 17 years in exile, dynastic heir looks to lead Bangladesh

Find the latest season of Tech Tonic here: https://www.ft.com/tech-tonic

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Should BP get more credit for its turnaround effort?

Wed, 11 Feb 2026 05:00:00 GMT

US commerce secretary Howard Lutnick said he visited Jeffrey Epstein’s island with his family in late 2012, Cuba is struggling under the US fuel embargo, and Ukrainian President Volodymyr Zelenskyy is planning for elections in the spring. Plus, the FT’s Camilla Paladino says oil major BP isn’t getting enough credit for its turnaround.

Mentioned in this podcast:

Howard Lutnick says he visited Jeffrey Epstein’s island in 2012

Zelenskyy plans spring elections alongside referendum on peace deal

BP isn’t getting enough credit for its turnaround

BP becomes first oil major to suspend share buyback plan

Cuba runs out of jet fuel as Donald Trump squeezes oil supplies

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Novo Nordisk hits back at copycat drugs

Tue, 10 Feb 2026 05:00:00 GMT

Gilts rebounded from earlier losses on Monday afternoon, and Novo Nordisk is suing US telehealth company Hims & Hers over ‘knock-off’ versions of its weight-loss drugs. Plus, France’s central bank chief is stepping down early, and US senators are pushing proposals to lift bank deposit insurance limits to avoid another Silicon Valley Bank debacle.

Mentioned in this podcast:

Gilts stabilise after cabinet voices support for Keir Starmer

Novo Nordisk sues Hims & Hers over copycat weight-loss drugs

Novo Nordisk faces more gloom from price cuts in crowded anti-obesity drugs market

French central bank governor to step down early

Can the US crack the formula for ending bank runs?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Pressure mounts on Starmer even as top aide resigns

Mon, 09 Feb 2026 05:00:00 GMT

UK Prime Minister Sir Keir Starmer’s chief of staff resigned amid controversy over the Mandelson scandal, and Japan’s conservative governing party have won a landslide victory in snap elections. Plus, top academics have dismissed Federal Reserve chair Kevin Warsh’s claim that an AI-induced productivity boom will create room for interest rate cuts. And, Syria has struck a deal that would give them control over major oil and gas fields offering a potential boost to its fragile economy.

Mentioned in this podcast:

Starmer battles to stay in Number 10 after dramatic exit of McSweeney

Sanae Takaichi’s LDP wins supermajority in Japan election

Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts

Syria courts energy majors as it takes control of oilfields

Note: The FT does not use generative AI to voice its podcasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A crunchy week for chipmakers

Fri, 06 Feb 2026 05:00:00 GMT

Amazon’s new AI spending blitz sent shares tumbling, chipmakers got swept up in a wider tech equities sell-off, Sir Keir Starmer has apologised to the victims of Jeffrey Epstein for appointing Peter Mandelson as Britain’s ambassador to the US, and American snack companies are lowering prices ahead of the Super Bowl. Plus, can Japanese Prime Minister Sanae Takaichi win this weekend’s election on star power alone?

Mentioned in this podcast:

Amazon stock slumps as it prepares $200bn AI spending blitz

Arm CEO says AI software sell-off is ‘micro-hysteria’

Nvidia AI chip sales to China stalled by US security review

Keir Starmer apologises to victims of Jeffrey Epstein

Food and drink companies suffer as US shopper sentiment sinks

Can Sanae Takaichi govern Japan on star power alone?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jeffrey Epstein’s web of influence

Thu, 05 Feb 2026 05:00:00 GMT

Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT’s Chris Cook talks about the challenges of unpacking millions of documents on Jefferey Epstein. Plus, OpenAI senior staff are leaving because the company is prioritising ChatGPT.

Mentioned in this podcast:

Google adds $55bn to capex plans as it boosts AI spending

US tech stocks hit with fresh wave of selling as chipmaker AMD tumbles

Police launch criminal investigation into Mandelson over Epstein scandal

OpenAI’s ChatGPT push triggers senior staff exits

Note: The FT does not use generative AI to voice its podcasts

Credit: NBC News

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Muskverse enters a new era

Wed, 04 Feb 2026 05:00:00 GMT

US tech stocks fell on Tuesday over AI concerns, Elon Musk is charting a new path for his “Muskverse” of companies, and the US military shot down an Iranian drone as Middle East tensions escalate. Plus, domestic energy companies in Argentina have benefitted from the country’s volatile economy, and Peter Mandelson is no longer a member of the House of Lords after Epstein scandal revelations.

Mentioned in this podcast:

US stocks drop on fears AI will hit software and analytics groups

Tesla lurches into the Musk robotics era

SpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk’s empire

US shoots down Iranian drone as Middle East tensions escalate

Police launch criminal investigation into Mandelson over Epstein scandal

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Who will be Disney’s next CEO?

Tue, 03 Feb 2026 05:00:00 GMT

France has adopted a deficit-cutting budget for 2026 after months of political wrangling, and the FT’s Christopher Grimes tells us about the front runner to be Disney’s next CEO. Plus, US President Donald Trump said he had struck a trade deal with India, and Société Générale is European banking’s latest comeback kid.

Mentioned in this podcast:

France adopts budget after premier survives no-confidence vote

Disney warns of hit to US theme parks as foreign tourist numbers fall

Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil

How SocGen dragged itself back from the brink

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What would Kevin Warsh’s Federal Reserve look like?

Mon, 02 Feb 2026 05:00:00 GMT

Europe’s largest oil companies are poised to curb share buybacks, and Kevin Warsh’s nomination to Fed chair could spark a rethink of how America’s central bank works. Plus, consumer giants deal with backlash over contaminated baby formula. And, a rollercoaster in precious metals prices triggers ‘pandemonium’ in New York’s Diamond District.

Mentioned in this podcast:

Europe’s oil majors prepare to cut billions in shareholder payouts

Kevin Warsh’s nomination as Fed chair to spark rethink of bank’s role

Nestlé and Danone hit by backlash over contaminated baby formula

Gold and silver tumult triggers ‘pandemonium’ in New York’s Diamond District

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Blackstone lines up huge IPO pipeline

Fri, 30 Jan 2026 05:00:00 GMT

Apple reported a blockbuster rise in revenue last quarter, and Blackstone is preparing to take a series of long-held investments public. Plus, Canada’s oil industry is thriving as it pushes into Asian markets. Plus, some US oil majors are reporting earnings, which could give us a window into whether they're preparing to invest in Venezuela.

Mentioned in this podcast:

Apple hails ‘remarkable’ $144bn quarter with best-ever iPhone sales

Blackstone lines up ‘one of largest IPO pipelines in history’

Canada’s oil industry thrives as sales to China soar

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors love heavy metal

Thu, 29 Jan 2026 05:00:00 GMT

Tesla on Wednesday reported its first-ever fall in annual revenue, Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world’s biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions.

Mentioned in this podcast:

Tesla trims car line up in pivot to AI as annual revenue falls for first time

Federal Reserve signals no rush to cut interest rates as US economy powers ahead

Trump warns Iran ‘time is running out’ for deal to avert US military action

Metals surge boosts value of mining groups by almost $500bn

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US health insurer stocks call in sick

Wed, 28 Jan 2026 05:00:00 GMT

US health insurance stocks plunged yesterday, and New Delhi and Brussels have agreed a trade deal that will eliminate up to €4bn of tariffs on EU exports. Plus, Nato is increasing its military presence in the Arctic to counter Russia.

Mentioned in this podcast:

US health insurer stocks plummet on Trump Medicare spending plan

EU and India seal trade pact to slash €4bn of tariffs on bloc’s exports

How Nato is preparing for war in the Arctic

Send your voice memos about your post graduate job search to: marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson and edited by Marc Filippino. It was produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US and Japan flirt with joint currency intervention

Tue, 27 Jan 2026 05:00:00 GMT

The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market.

Mentioned in this podcast:

US links security guarantees for Ukraine to peace deal ceding territory

Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps

Israel retrieves remains of last hostage in Gaza

Big Tech’s borrowing spree raises US bond market fears

Send your voice memos to: marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump faces backlash on immigration crackdown after shooting

Mon, 26 Jan 2026 05:00:00 GMT

The Trump administration’s immigration enforcement agency faces growing backlash after federal agents fatally shot a second protester in two weeks, and Trump teases his pick for the US’s next Federal Reserve chair. Plus, UK Prime Minister Keir Starmer goes on the charm offensive in Beijing, and why the US is investing in rare-earths companies.

Mentioned in this podcast:

Trump faces growing backlash against immigration crackdown after shooting

BlackRock’s Rick Rieder surges ahead in race to chair Federal Reserve

Keir Starmer prepares for his Chinese charm offensive

US to invest $1.6bn into rare earths group in bid to shore up key minerals

Note: The FT does not use generative AI to voice its podcasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s divisive 'Board of Peace’

Fri, 23 Jan 2026 05:00:00 GMT

Intel shares slide 12 per cent as supply constraints limit growth, and Trump’s “Board of Peace” is dividing the US’s allies. Plus, Iran’s government is seizing properties and businesses after protests rocked the country, and Victoria Craig unpacks next week’s meeting of the Federal Reserve.

Mentioned in this podcast:

Intel shares slide 12 per cent as supply constraints limit growth

Iran seizes properties and businesses in crackdown after unrest

Who wants to join Donald Trump’s ‘Board of Peace’?

Fed chair gender reveal post

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Supreme Court appears sceptical over Fed firing

Thu, 22 Jan 2026 05:00:00 GMT

US President Donald Trump has dropped his tariff threat on Greenland, and the FT’s Derek Brower explains how Trump has navigated the World Economic Forum in Davos. Plus, EU lawmakers have postponed the ratification of a trade deal with the Mercosur group of South American economies, and US Supreme Court justices appeared sceptical of Donald Trump’s efforts to sack Federal Reserve governor Lisa Cook.

Mentioned in this podcast:

Greenland latest: Trump rules out using force but calls for ‘immediate negotiations’

Trump’s Greenland pivot puts Europe in a bind

Howard Lutnick heckled at Davos dinner as Christine Lagarde walks out

EU lawmakers vote to delay Mercosur trade pact over legal concerns

Supreme Court justices express scepticism over Donald Trump’s attempt to sack Fed’s Lisa Cook

Berkshire Hathaway considers selling $7.7bn stake in Kraft Heinz

Credit: World Economic Forum, Supreme Court of The United States

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Greenland standoff rattles markets

Wed, 21 Jan 2026 05:00:00 GMT

US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT’s Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine.

Mentioned in this podcast:

Dollar and US stocks fall as Trump says ‘no going back’ on Greenland bid

Could Europe really leverage its $12.6tn pile of US assets?

Netflix highlights industry competition as it seeks Warner Bros deal approval

The Chinese suppliers that could decide the drone war in Ukraine

Credit: Reuters

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China's birth rate tumbles to historic low

Tue, 20 Jan 2026 05:00:00 GMT

China has registered its lowest number of births since records began. European governments weigh up options to bring down the high cost of their state pensions? Saudi Arabian banks borrow at record pace. Plus, Chinese EV carmakers have their eyes on the UK.

Mentioned in this podcast:

China registers lowest number of births since records began

China’s GDP grows 5% in 2025 as exports offset weak domestic outlook

Can Europe still afford its generous state pensions?

Josh Gabert Doyon: https://www.ft.com/josh-gabert-doyon

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Clare Williamson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

EU readies retaliation for Trump’s Greenland threat

Mon, 19 Jan 2026 05:00:00 GMT

As Europe considers retaliation measures to US President Donald Trump’s tariff threat to NATO allies that oppose his Greenland-takeover bid, Denmark seeks to bolster its own relationship with the Arctic island. Plus, the US capture of Venezuela’s president has boosted demand for Latin America political risk cover. And, geopolitics is the topic du jour at the World Economic Forum in Davos, Switzerland.

Mentioned in this podcast:

EU readies €93bn tariffs in retaliation for Trump’s Greenland threat

Denmark’s development bank has ‘huge appetite’ to invest in Greenland, CEO says

Nicolás Maduro ousting boosts demand for Latin America political risk cover

Behind the Money podcast: Davos’ fight for relevance

Note: The FT does not use generative AI to voice its podcasts

Credit: NBC, White House, World Economic Forum

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s state iron ore buyer flexes muscles

Fri, 16 Jan 2026 05:00:00 GMT

The EU is proposing a new way to allow Ukraine to join the bloc, and it was the best year for US investment banks since 2021. Plus, a look into the iron ore market and the role China is playing in it, and a preview of the World Economic Forum in Davos.

Mentioned in this podcast:

EU ‘membership-lite’ plan for Ukraine spooks European capitals

Jamie Dimon warns Trump administration’s attacks on Fed could boost inflation

China’s state iron ore buyer flexes muscles in talks with global miners

Behind the Money podcast: Davos’ fight for relevance

FT subscription sale here.

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why Japan’s prime minister might call a snap election

Thu, 15 Jan 2026 05:00:00 GMT

US President Donald Trump has not ruled out military action in Iran and Japan’s Prime Minister Sanae Takaichi plans to call a snap general election. Plus, Donald Trump’s “unpredictable” policies have prompted bond giant Pimco to diversify away from US assets, and US banks push back against Trump’s credit card cap plans.

Mentioned in this podcast:

Donald Trump says he has received assurances ‘killing in Iran is stopping’

Japan’s Sanae Takaichi to call snap election

Donald Trump’s ‘unpredictable’ policies to fuel multiyear shift from US, Pimco says

Wall Street hits back at Trump credit card cap plans

FT subscription sale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

London VC’s bet on Revolut pays off

Wed, 14 Jan 2026 05:00:00 GMT

Two former senior executives at the collapsed subprime car lender Tricolor Holdings pleaded not guilty to fraud and financial crime charges, and Microsoft is pledging to “pay its way” for its AI data centres. Plus, US inflation stayed at 2.7 per cent in December, and we’ll talk about what Balderton Capital’s early investment in Revolut can teach us about venture capital investment.

Mentioned in this podcast:

Tricolor executives plead not guilty to charges stemming from collapse

Microsoft vows to ‘pay its way’ as it seeks to defuse data centre backlash

US inflation stays at 2.7% in December

Billions from a million: the London VC that hit the jackpot with Revolut

FT subscription sale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Michael Lello and Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets shrug off investigation into Powell

Tue, 13 Jan 2026 05:00:00 GMT

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT’s Robert Armstrong explains what could come next in US President Donald Trump’s crackdown on the Federal Reserve.

Mentioned in this podcast:

UBS boss Sergio Ermotti plans to step down in April 2027

Paramount threatens proxy fight in battle for Warner Bros Discovery

What is behind the criminal investigation into Jay Powell?

Former Fed chiefs attack DoJ probe into Jay Powell

FT subscription sale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US opens criminal investigation into Fed chair

Mon, 12 Jan 2026 05:00:00 GMT

US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jay Powell, and civil unrest continues to threaten the Islamic regime in Iran. Plus, earnings season kicks off this week with the bank results.

Mentioned in this podcast:

US prosecutors investigate Jay Powell over revamp of Fed headquarters

Iran warns US against intervention

Wall Street headed for best investment banking year since pandemic

FT subscription sale

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.

Source: Federal Reserve, White House

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Why Trump wants to ‘run’ other countries

Sat, 10 Jan 2026 05:00:00 GMT

This is a repeat of an episode published on Swamp Notes, a sister podcast of the FT News Briefing on January 9, 2026. Subscribe to Swamp Notes on Apple, Spotify, Pocket Casts or wherever you listen.

After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention.

Mentioned in this podcast:

Trump really wants Greenland

US says using military is among ‘options’ to acquire Greenland

How the US’s audacious operation to capture Nicolás Maduro unfolded

Swamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.

The FT does not use generative AI to voice its podcasts.

CREDIT: Roll Call, CNN, Democracy Now!

Hosted on Acast. See acast.com/privacy for more information.

Iranians protest over economic pain

Fri, 09 Jan 2026 05:00:00 GMT

Glencore and Rio Tinto resume mining megamerger talks, protests in Iran over economic conditions are the largest in years, and the US trade deficit narrowed to its lowest level since 2009. Plus, is there a right way for chief executives to exit a company?

Mentioned in this podcast:

Glencore and Rio Tinto resume talks on mining megadeal

Iran protests spread to neglected hinterlands

US trade deficit slides to lowest level since 2009 in October

Art of the exit: is there a right way for CEOs to quit?

CREDIT: Reuters

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Venezuela’s crumbling oil infrastructure

Thu, 08 Jan 2026 05:00:00 GMT

The US wants to control Venezuelan oil sales ‘indefinitely’ but the ‘catastrophic’ state of the Latin American nation’s crude facilities presents several hurdles. Plus, President Donald Trump banned institutional investors from buying single-family homes, and the UK and France pledged to deploy troops to Ukraine as part of sweeping US-backed security guarantees.

Mentioned in this podcast:

US seeks to control sales of Venezuelan oil ‘indefinitely’

The ‘catastrophic’ state of Venezuela’s oil facilities

Donald Trump moves to ban institutional investors from buying single-family homes

France and UK commit to deploying troops under proposed Ukraine peace deal

Credit: CNBC Television

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A wave of repression in Venezuela

Wed, 07 Jan 2026 05:00:00 GMT

Leading asset managers are positioning for a sharp sell-off in US technology stocks, Venezuela’s government has launched a crackdown after the US captured Nicolás Maduro, and the Trump administration is meeting with executives from US oil majors to discuss its strategy for Venezuela. Plus, the FT’s Joe Leahy explains how US involvement in Venezuela could affect China.

Mentioned in this podcast:

Fund managers prepare for ‘reckoning’ in US tech sector

Venezuela launches wave of repression after US seizure of Nicolás Maduro

US oil tankers sail towards Venezuela as risk of production ‘collapse’ looms

China’s influence in US backyard tested by Nicolás Maduro’s downfall

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello.The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The investors eyeing Venezuela’s oil

Tue, 06 Jan 2026 05:00:00 GMT

Ousted Venezuelan president Nicolas Maduro pleaded not guilty to narco trafficking charges, and smaller private investors are eager to invest in Venezuelan oil. Plus, Chinese carmarkers are expected to increase exports this year, and we’ll look at how south-east Asia has been riding out Trump’s tariff storm.

Mentioned in this podcast:

Maduro pleads not guilty to drug-trafficking charges in New York court

What is Trump’s plan for Venezuelan oil?

Ex-Chevron executive seeks $2bn for Venezuelan oil projects

Chinese car exports set to jump as domestic sales cool

How south-east Asia is riding out Trump’s tariff storm

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Kaye Wiggins, Gavin Kallmann, and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump plans to ‘run’ Venezuela. What now?

Mon, 05 Jan 2026 05:00:00 GMT

US President Donald Trump has warned Venezuela’s defacto leader she must meet America’s demands following Nicolas Maduro’s capture. We explore what Trump hopes to achieve in the Latin American country, and the challenges ahead for its people and resource-rich oil industry.

Mentioned in this podcast:

Trump topples Maduro and vows to ‘run’ Venezuela in stark display of US power

Donald Trump warns Venezuelan rulers as Washington prepares to dictate policy

Washington plans to put oil at the heart of Venezuela’s future

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Emily Goldberg. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Source: White House, NBC, CNN Espanol

Hosted on Acast. See acast.com/privacy for more information.

Predicting 2026: Will the Magnificent 7 tech stocks continue to diverge?

Fri, 02 Jan 2026 05:00:00 GMT

Financial Times columnist Gillian Tett predicted that the Magnificent 7 tech stocks were not going to fall, but they wouldn’t ride a lot higher either in 2025. What actually happened was a bit of a mixed bag, and Gillian says that sets these companies up for diverging paths in 2026. The era of an artificial intelligence tide lifting all boats seems to be drawing to an end.

Mentioned in this podcast:

Forecasting the World in 2025

Forecasting the world in 2026

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Predicting 2026: Will Trump and Musk officially reunite?

Wed, 31 Dec 2025 05:00:00 GMT

Europe’s banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT’s US national editor and columnist Edward Luce predicted America’s president would not fall out with one-time “first buddy”, billionaire Elon Musk in 2025. He explains why they could form a new kind of alliance in 2026.

Mentioned in this podcast:

AI forecast to put 200,000 European banking jobs at risk by 2030

Forecasting the World in 2025

Forecasting the world in 2026

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Credits: The White House, Fox News, CBS, AP

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Predicting 2026: Will Ukraine finally get a peace deal?

Tue, 30 Dec 2025 05:00:00 GMT

The FT’s Europe editor Ben Hall thought there would be a Ukraine peace deal in 2025. Despite lots of back and forth over ceasefire proposals, an agreement has yet to materialise. The negotiations reveal a lot about the relationship between the west and Russia. Can the countries come to an agreement in 2026?

Mentioned in this podcast:

Forecasting the World in 2025

Volodymyr Zelenskyy calls for 50-year US security guarantee for Ukraine

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump and Zelenskyy tout progress on peace but ‘thorny’ issues remain

Mon, 29 Dec 2025 05:00:00 GMT

US President Donald Trump hosted Ukraine’s leader at Mar-a-Lago for high-stakes peace talks but failed to reach a breakthrough. Plus, FT markets columnist Katie Martin predicted that in 2025, the bond market would creak but not break. She explains why it held up and whether that will continue in 2026.

Mentioned in this podcast:

Trump and Zelenskyy talks fail to deliver breakthrough on Ukraine peace deal

Forecasting the World in 2025

Unhedged podcast

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kent Militzer. Additional help from Adam Samson and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Credit: White House

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Unhedged: Markets had an incredible year. Can that continue?

Fri, 26 Dec 2025 05:00:00 GMT

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets correspondent, about the incredible resilience of the US stock market, and the challenges ahead. Also, they go long boring companies and short KPop Demon Hunters.

Subscribe to Unhedged to hear more.

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.

You can email Robert Armstrong and Katie Martin at unhedged@ft.com.

This is a repeat of an episode published on Unhedged, a sister podcast of The FT News Briefing, on Dec. 11, 2025

Hosted on Acast. See acast.com/privacy for more information.

The Rachman Review: Europe’s triple shock: Putin, Trump and Xi

Thu, 25 Dec 2025 05:00:00 GMT

The French pioneer of European integration Jean Monnet believed that Europe would be ‘built in crisis’. The war in Ukraine is putting this theory to the test, once again. Gideon discusses with historian Timothy Garton Ash how European leaders are responding to this latest crisis after the brief ‘holiday from history’ that followed the fall of the Berlin Wall.

Subscribe to The Rachman Review.

Clip: ITV

Note: The FT does not use generative AI to voice its podcasts

This is a repeat of an episode published on The Rachman Review, a sister podcast of the FT News Briefing, on Nov. 20, 2025

Hosted on Acast. See acast.com/privacy for more information.

Behind the Money: KKR, Bain and private equity’s push into Japan

Wed, 24 Dec 2025 05:00:00 GMT

When international private equity groups first entered Japan at the turn of the 21st century, newspapers criticised them as vulture funds and politicians steered clear of public contact. Today, it’s a different story. Dozens of buyout groups have set up in the country and the establishment is courting them. The FT’s Tokyo correspondent David Keohane and Tokyo bureau chief Leo Lewis explain why there’s been a shift, and how private equity’s presence may rejuvenate Japanese corporates.

Clips from Toho

The FT does not use generative AI to voice its podcasts.

This is a repeat of an episode published on Behind The Money, a sister podcast of FT News Briefing, on November 26, 2025. Follow Behind the Money on Acast, Apple Podcasts, Pocket Casts or Spotify.

Hosted on Acast. See acast.com/privacy for more information.

Political Fix: Labour's year in review

Tue, 23 Dec 2025 05:00:00 GMT

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents.

It’s been another turbulent year in UK politics. Prime Minister Keir Starmer has faced down rebellions from within his own party, overseen scandals and sackings, and delivered a constant barrage of bad news from health and housing to small boats and the Budget. He’s fared a little better on the world stage – with successful state visits, securing a comparatively competitive trade deal with Trump, as well as a tentative rapprochement with Europe. But with every international success, Starmer’s standing domestically seems to diminish: he ends the year, on some measures, as the most unpopular PM ever. In this special live episode of Political Fix, host George Parker is joined by Anna Gross, Stephen Bush and Chris Giles to analyse how the Labour party got here – and where it goes next.

This is a repeat of an episode published on Political Fix, a sister podcast of FT News Briefing, on December 12, 2025

To listen and subscribe to more episodes, find Political Fix on your favourite platform by clicking here!

Hosted on Acast. See acast.com/privacy for more information.

Tech Tonic: Defying death

Mon, 22 Dec 2025 05:00:00 GMT

How much do we really know about ageing? For decades, scientists have been trying to understand the biology of the ageing process - what happens to our bodies as we get older? And is it possible to slow that process down or even stop it all together?

In this series of Tech Tonic, the FT’s Hannah Kuchler and Michael Peel look into the past, present and future of longevity - the wellness movement focused on extending and bettering your quality of life. Episode 1 follows Hannah as she speaks with UCL professor David Gems about the history of ageing research, and then with longevity researcher Matt Kaeberlein to discuss how the industry has developed - including current drugs that could have anti-ageing effects. Plus, Michael visits the Reviv clinic in London where he experiences, first hand, the growing consumer interest in the longevity craze.

To listen to the rest of the series, find Tech Tonic on your favourite podcast platform by clicking here!

Clips: @DaveAspreyBPR, @drjoshaxe, @HealthCoachKait, Hevolution, Pom, Purina, Garnier, 4G antioxidants, @ChrisWillx, @lexfridman, ABC News, C-Span, CBS, ITV This Morning, Wired UK, The Dissenter, Will Tennyson

The FT does not use generative AI to voice its podcasts.

Hosted on Acast. See acast.com/privacy for more information.

The Wolf-Krugman Exchange: Power, plutocracy and political economy

Sun, 21 Dec 2025 05:00:00 GMT

In this final episode of their series for the FT's The Economics Show, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman consider listeners’ questions and comments ranging from a critique of globalisation, increasing inequality and plutocracy, the global appetite for US federal debt, China’s economic future and much more.

This is a repeat of an episode published on The Economics Show, a sister podcast of FT News Briefing, on December 17, 2025

Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

Read Martin’s column here

Subscribe to Paul’s substack here

Find Paul’s cultural coda here.

Find Martin’s cultural coda here.

Produced by Mischa Frankl-Duval and Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design and original music by Breen Turner.

Hosted on Acast. See acast.com/privacy for more information.

Claer Barrett on spending wisely during the holidays

Fri, 19 Dec 2025 05:00:00 GMT

The holiday season is the most wonderful time of the year, but it's also the most expensive. Between gifts, food and travel, people can end up spending a lot of money this year. The Financial Times’ consumer editor Claer Barrett explains why people are feeling the pinch this season and what they can do about it.

Mentioned in this podcast:

Economists warn of flaws in US inflation report

FT Financial Literacy and Inclusion Campaign

Find Claer Barrett on TikTok and Instagram

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

India’s central bank governor cheers ‘goldilocks’ economy

Thu, 18 Dec 2025 05:00:00 GMT

BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, India’s central bank governor expects the country’s interest rates to remain low for a ‘long period’, and UK inflation fell more than expected to an eight-month low of 3.2 per cent. Plus, global companies are seeking private equity partners in China to take on their local operations as they grapple with an increasingly competitive local market.

Mentioned in this podcast:

BP picks Woodside boss Meg O’Neill as new chief executive

India’s central bank governor signals rates to stay low for ‘long period’

UK inflation falls more than expected to 3.2% in November

Global brands seek private equity partners to save their China businesses

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

JPMorgan swaps cash for Treasuries

Wed, 17 Dec 2025 05:00:00 GMT

Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of investors’ bullishness about the AI-fuelled stock market rally.

Mentioned in this podcast:

Investors pile into Venezuelan debt in regime change bet

JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries

Bullish investors pile into stocks as cash levels sink to record low

US unemployment rate hits four-year high of 4.6%

Fifa offers cheaper World Cup tickets in response to outcry

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

EU-Mercosur trade deal hangs in the balance

Tue, 16 Dec 2025 05:00:00 GMT

Shell’s merger chief departed after a bid to acquire rival BP was quashed internally, and the EU’s top trade official warns the bloc would lose global credibility if it fails to approve its trade deal with the Mercosur group of South American countries. Plus, Brussels plans to scrap the EU’s 2035 combustion engine ban, and hedge funds and trading firms are piling into physical commodities markets in search of new sources of returns.

Mentioned in this podcast:

Shell mergers chief departed after CEO blocked bid for BP

EU will lose face if it rejects Mercosur deal, warns trade commissioner

Brussels plans to scrap 2035 combustion engine ban

Hedge funds pile into commodities in search of fresh source of returns

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors hunt for protection against AI debt bust

Mon, 15 Dec 2025 05:00:00 GMT

A terror attack on a Jewish event in Sydney kills more than a dozen people. Plus, investors are increasingly concerned about how much debt is funding the AI boom, world leaders meet to discuss a peace plan for Ukraine, and it’s a big week for US economic data. And: The FT’s ‘Behind the Money’ podcast looks into whistleblowing in the UK.

Mentioned in this podcast:

Gunmen who killed 15 in Sydney attack on Jewish festival were father and son

Investors seek protection from risk of AI debt bust

Ukraine offers to drop Nato membership demands

Behind the Money podcast

Investors will have to wait until new year for clear data on US economy

Bank of England set to cut rates to 3.75% as economic data eases inflation concerns

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Persis Love and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Disney and OpenAI team up

Fri, 12 Dec 2025 05:00:00 GMT

Cryptocurrency entrepreneur Do Kwon is sentenced to 15 years in prison on two counts of fraud, and the Walt Disney Company will allow OpenAI to use its characters in its flagship products. Plus, football fans are outraged over ticket prices for next year’s World Cup. And, you’ll meet the hardliner who wants to make Chile great again.

Mentioned in this podcast:

Crypto founder Do Kwon sentenced to 15 years in prison

Disney to invest $1bn in OpenAI

Football fans condemn ‘betrayal’ over ‘extortionate’ World Cup ticket prices

The hardliner who wants to make Chile great again

Friedrich Merz offers to host Ukraine talks so deal not done ‘above Europe’s head’

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Fed cuts rates amid growing division

Thu, 11 Dec 2025 05:00:00 GMT

The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the economy and its ownership is in the hands of the royal family.

Mentioned in this podcast:

Federal Reserve cuts rates to lowest level in three years in divisive decision

Oracle shares slide as data centre spending mounts

How Abu Dhabi’s economy came to be dominated by IHC

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Australia is first country to ban social media for children

Wed, 10 Dec 2025 05:00:00 GMT

EU countries want to fast-track a decision to indefinitely immobilise up to €210bn in Russian sovereign assets, investors have increased bets that interest rates in major economies could diverge next year, and Berlin stands ready to throw its weight behind a German candidate to be the next president of the European Central Bank. Plus, Australia is now the first country in the world to restrict social media access for kids under the age of 16.

Mentioned in this podcast:

Trump gives Zelenskyy ‘days’ to respond to peace proposal

EU races to bypass Viktor Orbán on Russia assets before summit

Investors increase bets on ECB rate rise in threat to dollar

Germany sees high hurdles to winning ECB presidency

The countdown to the world’s first social media ban for children

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A double bubble for gold and US equities

Tue, 09 Dec 2025 05:00:00 GMT

Paramount has launched a $108bn hostile bid to buy Warner Bros Discovery, US natural gas prices are soaring as the country ships record amounts of the fuel overseas, and US President Donald Trump says Nvidia will be allowed to send its H200 chips to China. Plus, retail investors are helping drive gold and US stocks towards “bubble” territory, the Bank for International Settlements has warned.

Mentioned in this podcast:

Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bid

Surging gas prices worsen affordability crisis for Americans

Nvidia can sell H200 AI chips to China, Donald Trump says

Retail investors help drive gold and US stocks to bubble territory, BIS warns

Credit: CNBC

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Federal Reserve set for divisive final 2025 rate decision

Mon, 08 Dec 2025 05:00:00 GMT

Europe seeks to rally support for Ukraine as US pressure builds, and there’s likely to be plenty of debate ahead of the Federal Reserve’s final rate decision of the year. Plus, how Netflix’s blockbuster Warner Brothers Discovery buy could reshape entertainment.

Mentioned in this podcast:

European allies to rally support for Ukraine as US pressure mounts

France shielding €18bn Russian asset pot from EU ‘reparations loan’ push

Fed expected to cut rates despite deep divisions over US economic outlook

Donald Trump drives historic shift of power from investors to boardrooms

Hollywood fears job cuts as opposition to Netflix-Warner deal grows

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Four maintains stranglehold on UK audits

Fri, 05 Dec 2025 05:00:00 GMT

The Big Four accounting firms maintained their iron grip on auditing the UK’s largest companies last year, the industry watchdog has found. Plus, Japan’s economic normalisation could impact global bond markets.

Mentioned in this podcast:

Big Four maintain stranglehold on biggest UK audits

US senators seek to block Nvidia sales of advanced chips to China

Japan’s economic normalisation will affect global liquidity

Japanese 10-year bond yields rise to highest level since 2007

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wall Street frets over Hassett as potential Fed chair

Thu, 04 Dec 2025 05:00:00 GMT

Bond-market investors worry that the leading candidate for Fed chair is too close to US President Donald Trump, while HSBC finally picks its new chair. Plus, the EU has a last-minute plan to fund Ukraine’s economic revival.

Mentioned in this podcast:

Bond investors warned US Treasury over picking Kevin Hassett as Fed chair

HSBC appoints Brendan Nelson as chair after chaotic search

Brussels floats ‘emergency’ powers to raise €210bn from Russian assets

Tell us whether your spending habits have changed this holiday season. Email Marc at marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI chatbot race enters crunch phase

Wed, 03 Dec 2025 05:00:00 GMT

Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI’s dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China’s biopharma industry could be a threat to western dominance in the sector.

Mentioned in this podcast:

Farage tells donors he expects to do an election deal with the Tories

Mistral unveils new models in race to gain edge in ‘open’ AI

OpenAI’s Sam Altman declares ‘code red’ after rivals make advances

Eurozone inflation unexpectedly rises to 2.2% in November

Will the next blockbuster drug come from China?

Donald Trump says he will nominate Federal Reserve chair in ‘early’ 2026

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swiss prosecutors file charges against Credit Suisse and UBS

Tue, 02 Dec 2025 05:00:00 GMT

UK pension funds are cutting back their exposure to US equities, and Swiss prosecutors have filed charges against Credit Suisse and its owner UBS over alleged organisational “deficiencies”. Plus, the chair of the UK's Office for Budget Responsibility has resigned, and the UK government will increase NHS spending on medicines to secure a carve-out from threatened US tariffs.

Mentioned in this podcast:

UK pension funds dump US equities on fears of AI bubble

Swiss prosecutors file charges against Credit Suisse and UBS

Head of UK fiscal watchdog quits after Budget leak

NHS to increase medicines spending to avoid threatened Trump tariffs

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Key week for Russia-Ukraine peace talks

Mon, 01 Dec 2025 05:00:00 GMT

Artificial intelligence is threatening starting consultancy salaries, and the push to end Russia’s years-long invasion of Ukraine continues this week. Plus, Revolut did not tell UK regulators its CEO was listed as UAE resident. And, voice trading is making a comeback on one part of Wall Street.

Mentioned in this podcast:

Top consultancies freeze starting salaries as AI threatens ‘pyramid’ model

Zelenskyy aides meet Trump team in Florida for talks on peace plan

UK officials sought assurances from Revolut over CEO Storonsky’s surprise move

Voice trading makes a comeback in $30tn Treasury market

Who Killed Europe’s single market dream?

Credit: Associated Press

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Nisa Patel and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Wolf-Krugman Exchange: Trump’s ‘vibecession’

Sun, 30 Nov 2025 05:00:00 GMT

As President Donald Trump approaches the one-year anniversary of his second term in office, the FT’s chief economics commentator Martin Wolf, and Nobel prize-winning economist Paul Krugman sit down to discuss the US economy and the state of American democracy. Are American consumers finally feeling the effect of Trump’s tariffs? Is AI to blame for the frozen labour market? Or is the spectre of a weakening democracy and plutocracy to blame for slumping consumer sentiment? In the first of four weekly episodes, Wolf and Krugman unpick the US and world economy, with Krugman explaining why he’s less pessimistic now than he was earlier this year.

Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

Read Martin’s column here.

Subscribe to Paul’s Substack here.

Find Paul’s cultural coda here.

Find Martin’s cultural coda here.

Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How AI is changing warfare

Fri, 28 Nov 2025 05:00:00 GMT

Artificial intelligence has the potential to disrupt almost every industry we work in, from manufacturing to stock trading. Defence is no exception, and at a time of rising global conflict, the question of how different militaries are using AI is increasingly important.

The FT’s Helen Warrell is joined by MIT Technology Review senior reporter James O’Donnell to debate the ethical, political and practical questions around AI warfare.

Mentioned in this podcast:

The State of AI: the new rules of war

Read the whole State of AI series here

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was edited by Marc Filippino, and hosted by Helen Warrell. It was produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK Budget boosts taxes to all-time high

Thu, 27 Nov 2025 05:00:00 GMT

S&P Global Ratings calls into question Tether’s ability to maintain its US dollar peg, and UK chancellor Rachel Reeves takes the wraps off the highly anticipated Budget. Plus, India’s booming steel production might be helping the domestic economy, but it’s causing environmental damage and trade tensions

Mentioned in this podcast:

S&P downgrades Tether’s assets to lowest level

UK Budget 2025: Reeves raises taxes by £26bn to all-time high

The cost of India’s hunger for cheap steel

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Fiona Symon, and Lucy Baldwin. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Google closes in on Nvidia in the AI race

Wed, 26 Nov 2025 05:00:00 GMT

Google’s parent company got close to a record $4tn market capitalisation, and more than $1tn has been wiped from the cryptocurrency market in the past six weeks. Plus, US consumers aren’t feeling too merry ahead of the holidays, and the UK prepares for its long-awaited Budget day.

Mentioned in this podcast:

US retail sales growth slows as affordability crunch weighs on households

Crypto market sheds $1.2tn as traders shun speculative assets

Nvidia shares tumble on signs Google gaining upper hand in AI

The four audiences Reeves’ ‘high-wire’ Budget must satisfy

Email Marc with your holiday stories and questions: marc.filippino@ft.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Ireland became the weak spot in Europe’s defences

Tue, 25 Nov 2025 05:00:00 GMT

Traders are piling into bets that Wednesday’s UK Budget will push the pound lower against the dollar, and the pharmaceutical industry saw some promising — and not so promising — clinical trial results. Plus, US tech stocks leapt on Monday and Ireland’s military neutrality has created a weak spot in Europe’s defences.

Mentioned in this podcast:

Currency traders bet against sterling ahead of Budget

Novo Nordisk shares slump after drug failure in Alzheimer’s trial

Bayer soars on promising trial results for stroke prevention drug

US tech stocks surge as Fed rate cut bets fuel rebound

How Ireland became the weak spot in Europe’s defences

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The scramble for a Ukraine peace deal

Mon, 24 Nov 2025 05:00:00 GMT

US pressure on Ukraine and its allies to agree a peace deal with Russia ignites fresh concern in Europe, and the US has officially designated Venezuela’s “Cartel of the Suns” a terror group. Plus, Europe looks to increase investment rules to stand up to China, and a look at why insurance companies are thinking about excluding AI risks from their corporate policies.

Mentioned in this podcast:

Trump hits out at Ukraine and Europe as confusion over US position mounts

What is Venezuela’s ‘Cartel of the Suns’?

EU to tighten investment rules to stand up to China

Insurers retreat from AI cover as risk of multibillion-dollar claims mounts

Moderna is most shorted stock in S&P 500 as Americans skip jabs

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Big Tech stock rollercoaster

Fri, 21 Nov 2025 05:00:00 GMT

Tech stocks have been on a rollercoaster since Nvidia reported earnings, the US added 119,000 jobs in September but unemployment reached its highest level in four years, and the US has formally handed Ukraine a sweeping peace plan drawn up with Moscow. Plus, we’ll go over all the drama that’s ensued in the run-up to the G20 conference in South Africa.

Mentioned in this podcast:

US tech stocks slide as jolt of volatility hits Wall Street

The American exceptionalism trade is wobbling

US adds 119,000 jobs in September but unemployment hits four-year peak

US hands Ukraine new peace plan drawn up with Russia

Trump’s total boycott of G20 casts shadow over its future

To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The bidding war for Warner Brothers Discovery begins

Thu, 20 Nov 2025 05:00:00 GMT

Nvidia grew sales of its chips even faster than Wall Street anticipated in its latest quarter, and UK inflation fell to 3.6 per cent in October. Plus, Paramount is trying to buy Warner Brothers Discovery and China’s opaque economic data is coming under scrutiny.

Mentioned in this podcast:

Nvidia reports strong growth from bumper AI chip sales

The president’s men: Ellisons’ Trump ties shape battle for Warner Bros

UK inflation falls to 3.6% in October

The growing problem with China’s unreliable numbers

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Marc Filippino and produced by Lucy Baldwin, Fiona Symon, Victoria Craig, Sonja Hutson Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Brussels sprouts critical minerals plan

Wed, 19 Nov 2025 05:00:00 GMT

Meta has won the antitrust case that threatened to break it apart, the EU plans to create a central body to co-ordinate the purchasing and stockpiling of critical minerals. Plus, US tech stocks sold off on Tuesday as worries mounted over high valuations for artificial intelligence companies, and activist hedge fund Elliott Management has built a large stake in Barrick Mining.

Mentioned in this podcast:

Meta wins US case that threatened split with WhatsApp and Instagram

Brussels plans minerals stockpile centre to stop US snapping up supplies

US tech stocks dip as traders fret over ‘frothy’

AI valuations Elliott builds stake in gold miner Barrick

Today’s FT News Briefing was produced by Fiona Symon and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Crypto’s 2025 U-turn

Tue, 18 Nov 2025 05:00:00 GMT

The cryptocurrency market is struggling as bitcoin has lost all its gains from this year, and HSBC leaders cannot agree on the bank's next chair of the board. Plus, the US House of Representatives votes on the release of the Jeffrey Epstein files today, and the Financial Times’ Alison Killing explains why an estimated multitrillion-dollar infrastructure project in Saudi Arabia may take decades to get done.

Mentioned in this podcast:

Crypto market sheds $1.1tn as traders shun speculative assets

HSBC board at odds over candidates to succeed Mark Tucker as chair

Donald Trump backs vote to release Jeffrey Epstein files

End of The Line: how Saudi Arabia’s Neom dream unravelled

Today’s FT News Briefing was produced by Victoria Craig, Fiona Symon, Persis Love, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK bond market wades through Budget uncertainty

Mon, 17 Nov 2025 05:00:00 GMT

Goldman Sachs is on track to notch its best performance in the global deals market in 24 years. Plus, what UK gilt markets are looking for after Friday’s selloff, and how Spain’s deficit is set to fall below Germany’s for the first time in two decades. And, the government shutdown has posed complications for US economic data collection.

Mentioned in this podcast:

Goldman Sachs on brink of best M&A performance in 24 years

UK politics as it happened — Gilts sell off on tax plan U-turn

US economic outlook obscured by shutdown-triggered data gap

Spain’s deficit to fall below Germany’s for the first time in two decades

UK to launch first lead poisoning screening study of children after FT investigation

Toxic legacy: uncovering the threat of lead poisoning

Today’s FT News Briefing was produced by Julia Webster, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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British chemicals empire Ineos feels the squeeze

Fri, 14 Nov 2025 05:00:00 GMT

Oracle’s enormous borrowing to fund a push into artificial intelligence computing has spooked investors, Sir Jim Ratcliffe’s heavily indebted empire, Ineos, is under increasing financial pressure, and we take a look at a glaring hole in US inflation data. Plus, the FT’s Sonja Hutson reports back from Bethlehem, Pennsylvania, as part of a new FT series.

Mentioned in this podcast:

Oracle hammered in tech sell-off over its huge AI bet

Ineos debt sell-off accelerates amid fears over European chemicals sector

‘Big Short’ investor Michael Burry to close hedge fund as he warns on valuations

The Bethlehem Project: An immigration raid divides a community

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Today’s FT News Briefing was produced by Henry Larson, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Scottish kilts set to enter the bond market

Thu, 13 Nov 2025 05:00:00 GMT

US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an inaugural bond sale. Plus, an increasing number of wealthy Chinese people are trying to set up family offices and secure residency in the Gulf, rather than Singapore.

Mentioned in this podcast:

US government shutdown nears an end as House approves funding deal

Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues

Scotland handed same credit rating as UK ahead of debut ‘kilts’ sale

Wealthy Chinese sidestep Singapore for Dubai

US mints last penny after Trump killed coin

Credit: Myles McCormick

Today’s FT News Briefing was produced by Lulu Smyth Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

SoftBank divesting from Nvidia could be good, actually

Wed, 12 Nov 2025 05:00:00 GMT

The International Energy Agency says global oil and gas demand will rise for the next 25 years if the world does not change course; Masayoshi Son’s SoftBank Group has sold its entire stake in Nvidia; and investors have been selling off the debt of US tech heavyweights. Plus, Italian Prime Minister Giorgia Meloni’s plan to reduce income taxes for the “middle-class” has sparked criticism that she is helping the rich.

Mentioned in this podcast:

Oil and gas demand to rise for 25 years without global change of course, says IEA

Why Nvidia should be glad to see the back of SoftBank

SoftBank sells Nvidia stake for $5.8bn as it prepares for AI investments

Investor angst over Big Tech’s AI spending spills into bond market

Giorgia Meloni’s ‘middle-class’ tax cut sparks political row in Italy

Today’s FT News Briefing was produced by Victoria Craig, Lulu Smyth and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How the world’s biggest mining project is a win for China

Tue, 11 Nov 2025 05:00:00 GMT

Saudi Aramco is shifting its focus to natural gas, Donald Trump has threatened to sue the BBC for at least $1bn over an edit of a speech he gave on January 6 2021, and a $23bn mine in Guinea opens today and it is seen as a huge win for China.

Mentioned in this podcast:

Saudi Aramco steps up gas push to meet surging electricity demand

Donald Trump threatens to sue BBC for $1bn over January 6 speech edit

How the world’s biggest mining project is a win for China

Today’s FT News Briefing was produced by Lulu Smyth, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Senate secures breakthrough on US shutdown

Mon, 10 Nov 2025 05:00:00 GMT

The US Senate takes the first step to ending the government shutdown, and COP30 climate talks kick off in Brazil. Plus, stricter regulation puts the squeeze on Switzerland’s prized finance sector. And, can Indian Prime Minister Narendra Modi’s push to counter US tariffs help Zoho truly rival Whatsapp?

Mentioned in this podcast:

US senators strike deal in first step to ending government shutdown

The world is struggling to halt climate change. But can it adapt?

Swiss finance shrinks as regulators tighten grip on prized sector

India boosts homegrown WhatsApp rival in tech nationalism drive

The 900-page book that China watchers count on

Today’s FT News Briefing was produced by Nisha Patel, Sonja Hutson and Victoria Craig. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Hungary looks to Trump for sanctions exemption

Fri, 07 Nov 2025 05:00:00 GMT

Tesla investors have overwhelmingly backed Elon Musk’s $1tn pay deal, Hungary’s prime minister travels to Washington to make the case for a Russian oil sanctions exemption, and the Bank of England keeps rates on hold. Plus, why UK bond markets are keeping calm and carrying on despite turmoil ahead of Labour’s Budget announcement.

Mentioned in this podcast:

Tesla shareholders approve Elon Musk’s $1tn pay deal

Bank of England keeps rates on hold at 4% in knife-edge decision

Orbán to seek approval from Trump to continue importing Russian oil

Bond markets are winning the Budget stand-off

Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Supreme Court questions emergency Trump tariffs

Thu, 06 Nov 2025 05:01:25 GMT

US Supreme Court justices appeared sceptical of Donald Trump’s use of emergency powers to impose tariffs, and Argentine President Javier Milei has rejected investor calls to allow the peso to float freely. Plus, contentious bankruptcy proceedings for First Brands begin today.

Mentioned in this podcast:

Investors could face a bonfire night surprise on Trump tariffs

‘A glorious mess’: First Brands creditors brace for Houston court clash

Milei defies calls to float Argentine peso

Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI bubble worries spread to Asia

Wed, 05 Nov 2025 05:00:00 GMT

US voters issued a rebuke of President Donald Trump, US stocks dropped on Tuesday as jitters over highly elevated valuations for many artificial intelligence companies intensified, and some investors are worried there’s an AI bubble in Asian stocks as well. Plus, UniCredit’s ambition to become a European banking powerhouse has hit a series of roadblocks.

Mentioned in this podcast:

US election results live

Listen to the Swamp Notes podcast

US stocks slide as investors fret over high valuations for AI companies

Asian markets’ reliance on AI boom raises ‘bubble’ fears

What next for Andrea Orcel’s UniCredit?

Today’s FT News Briefing was produced by Marc Filippino, Sonja Hutson, Lulu Smyth and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Pfizer plays hardball in weight-loss drug fight

Tue, 04 Nov 2025 05:00:00 GMT

Palantir lifted its 2025 revenue guidance and Pfizer has filed a second lawsuit against Novo Nordisk and obesity drug start-up Metsera. Plus, OpenAI inked a $38bn computing deal with Amazon, and the FT’s Claire Jones explains how the Trump administration is considering pushing for wider global dollar adoption.

Mentioned in this podcast:

Palantir lifts 2025 sales outlook after posting strong quarterly growth

Pfizer files second lawsuit to block Novo Nordisk’s $9bn Metsera bid

OpenAI strikes $38bn computing deal with Amazon

US pushes for wider global dollar adoption

Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s economy on the ballot

Mon, 03 Nov 2025 05:00:00 GMT

The US Supreme Court begins hearing arguments this week for President Trump’s tariff policy. Plus, voters will head to the polls for state races seen as a referendum on the first year of Trump’s second term, and private equity may be full of zombie firms in the next decade. Then, a look at how China is filling a gap in the solar-energy space.

Mentioned in this podcast:

Businesses press Supreme Court to strike down Trump’s emergency tariff power

Trump and plastic bags: New Jersey is bellwether of US political mood

Private capital zombie firms will pile up in next decade, says EQT chief

The global boom in solar – with or without the US

Today’s FT News Briefing was produced by Sonja Hutson, Marc Filippino, and Victoria Craig. Our show was mixed by Alex Higgins. Additional help Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Will Trump’s progress in Asia last?

Fri, 31 Oct 2025 04:00:00 GMT

Amazon and Apple delivered solid earnings reports, and the FT’s Gideon Rachman explores whether Donald Trump’s foreign policy wins in Asia will hold. Plus, the European Central Bank has left its benchmark interest rate unchanged and the FT’s Jennifer Hughes says India’s initial public offering boom is not too hot, not too cold – it’s just right.

Mentioned in this podcast:

Amazon revenues rise 13% on strength in cloud computing unit

Apple predicts holiday boom in iPhone sales

‘Rely on America at your peril’: the vagaries of Trump’s foreign policy

Eurozone economy expands 0.2% in third quarter

ECB holds interest rates at 2%

India’s IPO boom has a goldilocks feel

Today’s FT News Briefing was produced by Lucy Baldwin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

RIP QT

Thu, 30 Oct 2025 04:00:00 GMT

Meta and Microsoft had mixed earnings reports, the Federal Reserve cut interest rates and said it would halt quantitative tightening and South Korea has agreed to invest $350bn in the US in return for lower tariffs on car exports. Plus, John Malone is stepping down as chair of his media and telecoms empire, marking the end of an era in which the “cable cowboy” reshaped both industries.

Mentioned in this podcast:

Meta hit by huge AI spending

Federal Reserve trims US interest rates by quarter point but casts doubt on December cut

Federal Reserve nears end of QT amid signs of stress in money markets

US and South Korea seal trade deal

‘Cable cowboy’ John Malone to step down from media and telecoms empire

Today’s FT News Briefing was produced by Lucy Baldwin, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

OpenAI’s long-awaited restructuring deal

Wed, 29 Oct 2025 04:00:00 GMT

OpenAI said it had completed a long-awaited restructuring, and Tesla’s chair has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package. Plus, South Korea’s Kospi is the world's top-performing major stock index by far this year.

Mentioned in this podcast:

Microsoft valuation passes $4tn as OpenAI completes restructuring

Tesla chair warns Musk could quit if shareholders reject $1tn pay deal

What is driving the world’s best-performing stock market?

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets surge on Argentine election results

Tue, 28 Oct 2025 04:00:00 GMT

US companies struck more than $80bn worth of deals, Argentina’s currency and government bonds surged after a landslide electoral victory for President Javier Milei’s party. Plus, JPMorgan Chase has invested $75mn in an Idaho-based mining company, and Apple’s services revenue is projected to climb to record highs.

Mentioned in this podcast:

US companies strike $80bn in mergers as Trump boosts dealmaking

Argentine bonds and currency surge after victory for Javier Milei’s party

JPMorgan backs gold miner in initial investment by ‘America First’ fund

Apple hits $100bn services revenue milestone despite growing legal risks

Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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The stage is set for high-stakes Trump-Xi meeting

Mon, 27 Oct 2025 05:00:00 GMT

US President Donald Trump is in Asia this week ahead of high-stakes trade talks with Chinese President Xi Jinping. Plus, the UK chancellor is pushing for her own trade deal in the Gulf, and the US Federal Reserve is heading into its next meeting without some important economic data.

Mentioned in this podcast:

‘Positive framework’ agreed for Trump-Xi summit, says Scott Bessent

UK chancellor to hold Gulf trade talks in push for pro-growth policies

Markets brace as Argentines go to the polls

Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Untold: Toxic Legacy, Ep. 1: Silent Danger

Sat, 25 Oct 2025 04:00:00 GMT

Laura Hughes receives a tip that horses are dropping dead in Wales. As she investigates, she finds decades of academic studies researching the problem. She learns these aren’t isolated incidents. Something is spreading across the countryside. It’s undetectable to humans, nobody knows it’s there — until they fall ill. Subscribe to Untold: Toxic Legacy, for the rest of the series.

For more information on how to live safely with lead, please visit the LEAPP Alliance website.

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Trump’s Russian oil sanctions shake energy markets

Fri, 24 Oct 2025 04:00:00 GMT

US President Donald Trump’s sanctions on Russian oil companies shook energy markets on Thursday, and the US president pardoned Binance co-founder Changpeng Zhao. Plus, President Javier Milei’s economic plan rests in the hands of this weekend’s midterms elections in Argentina.

Mentioned in this podcast:

Trump’s oil sanctions shake India and energy markets

Donald Trump pardons Binance crypto founder Changpeng Zhao

Milei’s make-or-break moment

Save 40% on a standard annual digital subscription: ft.com/briefingsale

Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Sequoia Capital’s free speech debate

Thu, 23 Oct 2025 04:00:00 GMT

Tesla said its quarterly profit fell by more than a quarter, Sequoia Capital’s chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, and UK inflation unexpectedly held steady at 3.8 per cent in September. Plus, the Trump administration has been quietly suppressing climate change data.

Mentioned in this podcast:

Tesla profits drop more than a quarter despite record sales

Sequoia COO quit over Shaun Maguire’s comments about Mamdani

UK inflation unexpectedly holds steady at 3.8% in September

The costs of Trump’s campaign to censor climate science

Save 40% on a standard annual digital subscription: ft.com/briefingsale

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

South Africans question future of Black empowerment policies

Wed, 22 Oct 2025 04:00:00 GMT

Netflix shares fell as a dispute with Brazilian tax authorities cut into its profits, Unilever said it has delayed the spin-off of its €15bn ice cream division because of the US government shutdown and gold had its worst day in more than a decade yesterday. Plus, critics are questioning whether South Africa’s Black empowerment policies are really paying off.

Mentioned in this podcast:

Netflix shares drop as Brazil tax dispute hits profits

Unilever’s €15bn ice cream spin-off delayed by US government shutdown

Gold tumbles 6% in biggest sell-off since 2013

South Africans question future of Black empowerment policies

Save 40% on a standard annual digital subscription: ft.com/briefingsale

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Japan’s transformational coalition deal

Tue, 21 Oct 2025 03:49:33 GMT

European governments have rallied behind Ukrainian President Volodymyr Zelenskyy and are rushing to secure a deal on the use of Russia’s frozen assets, a coalition deal in Japan paves the way for Sanae Takaichi to become the country’s first female prime minister, and Amazon Web Services experienced a major outage on Monday. Plus, Marc Rowan, chief executive of Apollo Global Management, has said Europe is “at war with itself” over financial regulation.

Mentioned in this podcast:

Europeans rush to Volodymyr Zelenskyy’s defence after tense Donald Trump meeting

Apollo’s Marc Rowan says ‘at war with itself’ over finance regulation

Amazon says cloud services recovering from widespread outage

Japan coalition deal paves way for Sanae Takaichi to become first female PM

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michela Tindera, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why Beijing still loves its five-year plans

Mon, 20 Oct 2025 14:14:56 GMT

US President Donald Trump urged his Ukrainian counterpart to accept Russia’s war terms during Friday’s volatile White House meeting, and five-year plans still have a place in Chinese politics despite massive changes to its economic system. Plus, global hedge funds are listing in Hong Kong again after an extended slowdown, and the battle for control of rare earth metals is turbocharging stock prices in this sector.

Mentioned in this podcast:

Trump urged Zelenskyy to accept Putin’s terms or be ‘destroyed’ by Russia

China pushes high-tech in 5-year plan as US tensions rise

Why China still loves its five-year plans

Hedge funds return to Hong Kong listings

Rare earths shares soar as US and China battle over export controls

Save 40% on a standard annual digital subscription: ft.com/briefingsale

Today’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Matcha mania strains Japan

Fri, 17 Oct 2025 04:00:00 GMT

Shares in US regional banks fell on Thursday after two lenders disclosed that they were exposed to alleged fraud by borrowers, and the UK economy grew 0.1 per cent in August. Plus, Japan is having a hard time keeping up with demand for matcha.

Mentioned in this podcast:

US regional bank shares sink on credit worries after fraud disclosures

UK economy grew 0.1% in August

Japan buckles under matcha mania

Today’s FT News Briefing was produced by Michela Tindera, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A financial power grab in Turkey?

Thu, 16 Oct 2025 04:00:00 GMT

Big investors are cutting back their exposure to riskier corporate debt, the IMF doled out some advice to the US and the UK, and China’s economy remained mired in deflation last month. Plus, Turkey’s business community is being rattled by an anti-corruption drive that has swept up hundreds of companies.

Mentioned in this podcast:

Big investors scale back risky bond exposure after storming rally

IMF warns US must tackle its yawning deficit

IMF urges UK to stick with two official economic forecasts every year

China’s consumer prices fall as deflationary pressures persist

Crackdown or capital grab? Turkey state fund controls 1,000 businesses

Email Marc your questions about US politics: Marc.filippino@ft.com

Today’s FT News Briefing was produced by Lucy Baldwin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors turn to private economic data

Wed, 15 Oct 2025 04:00:00 GMT

The leaders of Goldman Sachs, JPMorgan Chase and Citi warned that investor exuberance risked driving financial markets into bubble territory, and US investors are hunting for private data as the federal government shutdown is blocking the release of crucial reports. Plus, silver hit a record on Tuesday, and investors are facing a growing concern that European defence start-ups are oversaturating the market.

Mentioned in this podcast:

Banks caution over bubble as they report bumper profits

US government shutdown leaves traders ‘flying blind’ on jobs data

Silver price hits record amid scramble in London market

Investors confront top of European defence start-up ‘hype cycle’

Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Netherlands takes over Chinese-owned chipmaker

Tue, 14 Oct 2025 04:00:00 GMT

US stock markets rebounded on Monday, and the Netherlands has taken control of a Chinese-owned semiconductor company. Plus, US President Donald Trump visited Jerusalem on Monday to celebrate the release of Israel’s hostages, and Europe’s lagging IPO market is starting to pick back up.

Mentioned in this podcast:

US stocks rebound after Donald Trump takes softer tone on China

Dutch government takes control of Chinese-owned chipmaker Nexperia

Trump arrives in Egypt after hailing ‘historic dawn of a new Middle East’

European IPO markets show signs of revival

Economics Nobel Prize awarded for explaining innovation-driven growth

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump ups the trade war ante

Mon, 13 Oct 2025 04:00:00 GMT

US President Donald Trump has threatened new “large scale” export controls on China, and Wall Street’s investment banks just wrapped up a record-breaking quarter. Plus, dozens of European lawmakers are earning income from side hustles connected to their legislative responsibilities, and OpenAI’s ownership structure is making it harder for the company to raise money.

Mentioned in this podcast:

China blames Trump and US for escalating trade war

Wall Street investment banking revenues poised to top $9bn

Scores of MEPs hold side jobs in sectors where they steer EU laws

Who owns OpenAI? blockbuster deals complicate investor payouts

Check out ‘Toxic Legacy’ from the FT’s Untold podcast

Today’s FT News Briefing was produced by Ethan Plotkin, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Israel approves ceasefire plan

Fri, 10 Oct 2025 04:00:00 GMT

The Israeli government approved the US-brokered deal for a ceasefire and hostage release in Gaza, the US Treasury has intervened in Argentina’s currency market, and Danish offshore wind developer Ørsted plans to cut about a quarter of its workforce. Plus, the FT’s Katie Martin explains why the good vibes in the markets are really just investors running on fumes.

Mentioned in this podcast:

Israeli government approves Gaza ceasefire deal and hostage release

Ørsted to cut quarter of workforce after US setbacks

US Treasury intervenes in Argentina’s currency market

Brace for a market melt-up

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Quantitative easing is under the microscope

Thu, 09 Oct 2025 04:00:00 GMT

Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the world are facing criticism for a widely used monetary tool.

Mentioned in this podcast:

Donald Trump says Israel and Hamas have agreed first phase of Gaza peace plan

US demands EU dismantle green regulations in threat to trade deal

China launches customs crackdown on Nvidia AI chips

The populist shadow hanging over central banks and QE

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!

Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Lucy Baldwin, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Carmakers are falling back in love with petrol

Wed, 08 Oct 2025 04:00:00 GMT

A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging markets.

Mentioned in this podcast:

UBS fund holds 30% exposure linked to First Brands

Why carmakers are falling back in love with petrol

Global investors stage cautious return to Chinese start-ups

Emerging markets roar back with biggest stock rally in 15 years

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!

Today’s FT News Briefing was produced by Fiona Symon, Ethan Plotkin, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

OpenAI’s circular deals

Tue, 07 Oct 2025 04:00:00 GMT

EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused companies lose out.

Mentioned in this podcast:

EU to curb Russian diplomats’ travel as suspected spy attacks mount

OpenAI targets 10% AMD stake via multibillion-dollar chip deal

France in fresh political and market turmoil after prime minister resigns

Multinationals race ahead as dollar slump divides US stock market

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Lulu Smyth. Additional help from Alexander Higgins, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will Japan’s next PM revive Abenomics?

Mon, 06 Oct 2025 04:00:00 GMT

Israel and Hamas head into crunch-time negotiations in Cairo, and Japan’s prospective new prime minister will have work to do to bring her party back together. Plus, Europe is facing a flood of cheap Chinese textile imports, and investors are piling into an unproven technology to power the US artificial intelligence boom.

Mentioned in this podcast:

Israel and Hamas prepare for crunch ceasefire talks

Japan gears up for ‘Takaichi trade’ as first female leader prepares for power

China reroutes clothes exports to Europe after US tariffs upset trade

US and investors gambling on unproven nuclear technology, warn experts

Billionaire beef baron warns US not producing enough to satisfy protein craze

Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia’s push to liberalise

Fri, 03 Oct 2025 04:00:00 GMT

Description: The US will provide Ukraine with new intelligence, the American company behind Fico homebuyer credit scores is shaking up the mortgage industry, and Tesla’s global deliveries hit a new record in the third quarter. Plus, Saudi Arabia’s Prince Mohammed bin Salman has sidelined hardliners and sought to remake Islam in a country long seen as exporting radicalism.

Mentioned in this podcast:

US to provide intel to guide Ukrainian long-range missile attacks on Russia

Credit bureaus snubbed in ‘Fico’ plan to sell mortgage scores direct to users

Tesla sales hit record as US buyers rush to beat end of tax credits

How Mohammed bin Salman curbed Saudi Arabia’s clerics

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Nigeria’s pivot to solar power

Thu, 02 Oct 2025 04:00:00 GMT

Sales of Chinese electric-car maker BYD fell for the first time in 19 months in September, the US government shutdown is not likely to affect interest rates, and a fresh bout of jitters is shaking Argentina’s financial markets. Plus, a nascent solar revolution is taking hold in Africa’s largest oil-producing nation, Nigeria.

Mentioned in this podcast:

BYD monthly sales fall for first time since early 2024

US government shutdown unlikely to prompt deeper Fed cuts

Argentine assets hit by fresh selling amid worries over US bailout

Solar shines in the rush for power in Africa’s largest petrostate

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Gary, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Spotify has its leadership on shuffle mode 🔀

Wed, 01 Oct 2025 04:00:00 GMT

The US government has shut down after Democrats and Republicans failed to agree on a spending deal before the October 1 deadline, and Sir Keir Starmer has tried to revive his floundering premiership by urging his Labour party to launch a “patriotic” fight against Nigel Farage’s Reform UK. Plus, US President Donald Trump is launching a direct-to-consumer drug sales programme, and Spotify is appointing co-CEOs to replace Daniel Ek.

Mentioned in this podcast:

Donald Trump announces direct-to-consumer ‘TrumpRx’ drug sales programme

What happens if the US government shuts down?

Starmer urges Labour to launch ‘patriotic’ fight against Reform

Spotify CEO Daniel Ek to step down as music streamer splits role

Listen to Political Fix here: https://podfollow.com/975569919

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Game on for the biggest leveraged buyout

Tue, 30 Sep 2025 04:00:00 GMT

Elon Musk’s business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise taxes in the Budget. Plus, the euro’s biggest rally since 2017 has further to run, Wall Street banks are predicting.

Mentioned in this podcast:

Elon Musk hit by exodus of senior staff over burnout and politics

Video games maker Electronic Arts strikes $55bn deal to go private

Labour refuses to rule out manifesto-breaking tax rises

Euro’s rally has further to run, Wall Street banks predict

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Washington tangos with another government shutdown

Mon, 29 Sep 2025 04:00:00 GMT

The Trump administration’s financial regulator is preparing to change five decades of corporate reporting practice, and the US government is once again on the brink of a shutdown. Plus, Denmark is closing its airspace to drones after a series of incursions, and drive-throughs are the latest craze sweeping the coffee world.

Mentioned in this podcast:

Let the market decide how often companies report

Trump to meet lawmakers with government shutdown days away

Denmark bans civil drones for a week after sightings over military bases

The rise of drive-through US coffee chains with a need for speed

Why Japan is sprucing up its shabby offices

Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Vote for the FT News Briefing in the Signal Awards!

Sat, 27 Sep 2025 04:00:00 GMT

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. And we need your help in order to win. Please vote for us by clicking the link. Also vote for our other FT podcasts who have been nominated for a Signal award, Behind the Money and Tech Tonic. We promise the whole process will take less than five minutes.

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Ukraine’s new war chest: frozen Russian funds?

Fri, 26 Sep 2025 04:00:00 GMT

Oracle, private equity group Silver Lake and Abu Dhabi’s MGX will control roughly 45 per cent of TikTok USA, Germany’s chancellor has called for Europe to use frozen Russian assets to create new loan to finance Ukraine’s war effort, and a landmark trial finds former French president Nicolas Sarkozy guilty of criminal conspiracy. Plus, can a US bailout save Argentina’s president from deepening political problems?

Mentioned in this podcast:

TikTok US to be valued at $14bn after Trump’s deal, White House says

European officials fear Trump is preparing to blame them for Ukraine failure

Germany’s Merz backs using frozen Russian assets for Ukraine

Nicolas Sarkozy sentenced to 5 years in prison in Libya corruption trial

Can a US bailout save Argentina’s Javier Milei?

Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale

Today’s FT News Briefing was produced by Persis Love, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Alarm bells over US lending standards

Thu, 25 Sep 2025 04:00:00 GMT

BNP Paribas has relaxed a policy that blocked it from financing “controversial weapons”, US debt investors have raised the alarm over lax lending standards in credit markets, and Italy is considering a freeze in its retirement age of 67. Plus, Singapore and Hong Kong want to become major players in the gold market.

Mentioned in this podcast:

BNP Paribas drops pledge not to finance ‘controversial weapons’

US debt investors raise alarm over lending standards

Italy weighs freezing its retirement age at 67

Singapore and Hong Kong shoot for place in gold firmament

Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US companies love AI. But can’t say why

Wed, 24 Sep 2025 04:00:00 GMT

The boss of Eli Lilly has branded the UK “probably the worst country in Europe” for drug prices, US President Donald Trump hit out at the UN at a speech at the global body’s General Assembly, and the Federal Reserve has scope to cut interest rates another three times, the OECD has said. Plus, the biggest US-listed companies keep talking about artificial intelligence, but few appear to be able to describe how the technology is changing their businesses for the better.

Mentioned in this podcast:

Eli Lilly boss brands UK ‘worst country in Europe’ for cheap drug prices

Can the UN save itself from irrelevance?

Federal Reserve has room for three more rate cuts as US growth slows, says OECD

UK set for highest inflation in G7, says OECD

America’s top companies keep talking about AI — but can’t explain the upsides

Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale

CREDIT: PBS and the White House

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Oracle’s leadership shake-up

Tue, 23 Sep 2025 04:00:00 GMT

Nvidia said it planned to invest up to $100bn in OpenAI to support a massive build-out of artificial intelligence data centres, Oracle’s Safra Catz is stepping down as chief executive and the US is considering a “large and forceful” intervention to support Argentina through a bout of severe market volatility. Plus, shares in Indian IT companies fell after US President Donald Trump sharply raised the application fee for H-1B visas.

Mentioned in this podcast:

Nvidia to invest up to $100bn in OpenAI

Oracle splits CEO role as Safra Catz steps down

TikTok algorithm to be overseen by Oracle in Trump deal

US offers financial lifeline to Argentina’s Javier Milei

Indian IT shares fall over fears from Trump’s $100,000 H-1B visa fee

Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Tech is losing a battle with Brussels

Mon, 22 Sep 2025 04:00:00 GMT

US companies may have to pay billions in new fees to hire foreign workers, and US tech groups are losing a political battle in Brussels to gain access to the EU’s financial data market. Plus, the UK joined Canada and Australia in recognising a Palestinian state on Sunday, and a Chinese retail giant is facing some growing pains on its European expansion plans.

Mentioned in this podcast:

Trump’s H-1B visa fee to hit US employers with $14bn annual bill

EU to block Big Tech from new financial data sharing system

UK, Canada and Australia recognise Palestine as an independent state

Will Benjamin Netanyahu annex the West Bank?

China’s rival to Amazon battles to go global after failed UK bids

Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Nvidia throws rival Intel a lifeline

Fri, 19 Sep 2025 04:00:00 GMT

Deutsche Bank chief executive Christian Sewing is set to be named as a defendant in legal proceedings, UK Prime Minister Sir Keir Starmer and US President Donald Trump did their best to present a united front, and the Bank of England kept interest rates steady. Plus, Nvidia has agreed to invest $5bn in its struggling rival Intel.

Mentioned in this podcast:

Deutsche Bank chief Christian Sewing set to face multimillion-pound lawsuit

Trump and Starmer at Chequers as it happened: leaders present united front after lavish state visit

BoE holds interest rates at 4% and slows ‘quantitative tightening’

Nvidia to invest $5bn in rival Intel

CREDIT: CBS News

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Fed changes course

Thu, 18 Sep 2025 04:00:00 GMT

The Federal Reserve has cut interest rates for the first time this year and China is banning its tech companies from buying AI chips made by Nvidia. Plus, how did the Swiss National Bank become one of the world’s top investors in US tech?

Mentioned in this podcast:

Federal Reserve cuts rates by quarter point and signals more to come

China bans tech companies from buying Nvidia’s AI chips

Switzerland’s US tech ‘whale’

Protesters against Trump state visit march through London

Credit: Reuters

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump shifts power from shareholders to bosses

Wed, 17 Sep 2025 04:00:00 GMT

The UK and US are set to announce deeper co-operation on digital assets such as cryptocurrencies, a UN commission concluded that Israel has committed genocide against Palestinians in Gaza, and Mario Draghi has warned that the EU’s economic competitiveness is on the retreat due to “inaction” by Brussels. Plus, Donald Trump’s administration is shifting the balance of power from shareholders to company bosses.

Mentioned in this podcast:

UK set to announce closer co-operation with US on cryptocurrencies

Israel launches ground invasion of Gaza City

EU economy falls behind global rivals due to ‘complacency’, warns Mario Draghi

Donald Trump tilts balance of power from investors to CEOs

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will the US and China make a trade deal?

Tue, 16 Sep 2025 04:00:00 GMT

Lisa Cook can remain a Federal Reserve governor for now, the US and China seem to be making progress in their trade talks, and the US and UK promised to boost financial ties ahead of a state visit by President Donald Trump. Plus, Gen Z is toppling governments across Asia.

Mentioned in this podcast:

Lisa Cook can stay at Fed ahead of rates decision, appeals court rules

UK and US pledge to boost financial ties ahead of Trump state visit

Donald Trump signals US and China have struck TikTok deal

The Gen Z revolution spreading in Asia

Today’s FT News Briefing was produced by Fiona Symon and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Turkey’s opposition is under siege

Mon, 15 Sep 2025 04:00:00 GMT

Borrowing costs for the French government are outpacing some French corporations, and the threats to Turkey’s leading opposition party may be part of a wider push to change the country’s democracy. Plus, Chinese export controls on Germanium are forcing defence firms to seek new suppliers, and the failure of a little-known US car lender may spell trouble for the wider banking sector.

Mentioned in this podcast:

French companies’ borrowing costs fall below government’s as debt fears intensify

Is this the end of Atatürk’s party?

China’s curbs on defence metal germanium create ‘desperate’ supply squeeze

Car lender’s failure hints at what’s under the hood in private credit

US justice department probes fraud allegations at subprime car lender Tricolor

Today’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Victoria Craig. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Charlie Kirk’s killing leads to calls for retribution

Fri, 12 Sep 2025 04:00:00 GMT

Brazil’s supreme court has voted to convict former president Jair Bolsonaro for plotting a coup d’état, conservative activist Charlie Kirk’s killing led to calls on the right for retribution, and US inflation data confirm the Fed’s dual-mandate conundrum. Plus, shares in bitcoin-hoarding companies have tumbled in recent weeks as investors grow increasingly concerned about an overcrowded market.

Mentioned in this podcast:

Brazil’s supreme court finds former leader Jair Bolsonaro guilty of plotting coup

Charlie Kirk’s shooting leads to calls for retribution

Charlie Kirk’s killing and the ‘despicable violence’ of US politics

US inflation rises to 2.9% in August

Shares in bitcoin hoarders sink as ‘crypto treasury’ mania sours

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Victoria Craig. Additional help from Kent Militzer and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Russia tests Nato defences

Thu, 11 Sep 2025 04:00:00 GMT

Conservative political activist Charlie Kirk was shot dead, military analysts are worried about Nato’s response to a Russian drone attack, and US drugmaker Merck has scrapped a £1bn London research centre. Plus, investors have raised a record amount this year off “Bowie bonds”.

Mentioned in this podcast:

Donald Trump ally Charlie Kirk shot dead in Utah

What is Vladimir Putin’s game plan against Nato’s eastern flank?

Merck slams UK as it scraps £1bn London drug research centre

‘Bowie bonds’ go mainstream as Wall Street chases returns

Email Swamp Notes with your questions

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova and Sonja Hutson. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel escalates attacks on Hamas

Wed, 10 Sep 2025 04:00:00 GMT

US annual jobs numbers get a revision, and Israel is intensifying its fight against Hamas. Plus, there’s a brand new copper mining conglomerate, and South Korean companies have been cutting corners to bring workers to the US.

Mentioned in this podcast:

US hiring growth revised down by 911,000 jobs in year to March

Israel launches attack on Hamas in Qatar

Anglo American and Tech Resources to create $50bn mining giant

Korean companies admit cutting corners on US visas but say they have little choice

Macron appoints ally Sébastien Lecornu as France’s prime minister

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Sonja Hutson. Additional help from Kelly Garry, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Macron looks for a new PM, again

Tue, 09 Sep 2025 04:00:00 GMT

Rupert Murdoch has resolved the bitter dispute over his sprawling media empire, France is once again without a prime minister, and US bank PNC has agreed to buy smaller peer FirstBank. Plus, North Cyprus is betting big on casinos to boost its economy.

Mentioned in this podcast:

Murdoch seals $3.3bn succession deal to hand empire to eldest son

Macron scouts for new prime minister to quell turmoil

PNC to buy Colorado’s FirstBank for $4.1bn

North Cyprus casino plans stoke fears of slide towards ‘dark’ economy

Today’s FT News Briefing was produced by Katya Kumkova and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Political instability jolts Japan

Mon, 08 Sep 2025 04:00:00 GMT

The French government is on the brink of another collapse, and Japan’s prime minister quits after just a year in office. Plus, China may open its domestic bond market to Russian companies for the first time since 2022, and US economic data is complicating the Federal Reserve’s upcoming decision on interest rates.

Mentioned in this podcast:

French PM François Bayrou on the brink in crucial confidence vote

Japan’s prime minister quits to make way for new leader

China paves way for renminbi fundraising by Russian energy giants

US adds just 22,000 jobs in August as labour market sputters

Click here to access virtual sessions from the FT Weekend Festival

Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Peter Barber and Alex Higgins. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bond investors are counting on US tariff revenues

Fri, 05 Sep 2025 04:00:00 GMT

US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market.

Mentioned in this podcast:

Stephen Miran vows to uphold Fed independence but says Donald Trump ‘entitled’ to a view on monetary policy

Bond investors count on Trump tariff revenues to rein in US debt

Nasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams

Is there a future for the ‘Amazon of Africa’?

Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI helps Google dodge a bullet

Thu, 04 Sep 2025 04:00:00 GMT

Lloyds Banking Group will put thousands of its staff at risk of dismissal, and Indonesians are angered over the widening inequality in their country. Plus, MEPs in the European parliament are unhappy with the EU-US trade deal, and the FT’s John Foley explains what artificial intelligence has to do with the outcome of Google’s antitrust case.

Mentioned in this podcast:

Thousands of Lloyds staff face axe in performance overhaul

European parliamentarians attack EU-US trade deal and demand changes

Google shares jump after judge refrains from ordering break-up

Indonesian rage over MPs ‘opulent lifestyle’ reflects deep economic discontent

Google dodges a bullet

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Victoria Craig, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bond woes spill over into equities

Wed, 03 Sep 2025 04:00:00 GMT

A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU.

Mentioned in this podcast:

European banks push for lower cross-border hurdles

US stocks fall as bond sell-off spills into equities

Eurozone inflation rises to 2.1% in August

Pound falls as UK long-term borrowing costs hit highest level since 1998

Today’s FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Russia suspected of GPS interference on EU official's flight

Tue, 02 Sep 2025 04:00:00 GMT

Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close.

Mentioned in this podcast:

Ursula von der Leyen’s plane hit by suspected Russian GPS interference

Israeli banks plan giveaways after anger over wartime profits

The Chinese gadget maker taking on Tesla and Apple

Today’s FT News Briefing was produced by Josh Gabert Doyon, Marc Filippino, Persis Love, Fiona Symon and Manuela Saragosa. Additional help by David da Silva. Sound engineering by Jean-Marc Eck. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The world’s newest petrostate heads to the polls

Mon, 01 Sep 2025 04:00:00 GMT

The leaders of China and India met on Sunday amid trade tensions with the US, and Guyanese voters head to the polls today to chart a future for the world’s newest petrostate. Plus, the UK secures its largest ever warship deal with Norway, and AstraZeneca’s China division has recovered from a major scandal by pledging billions in new investment.

Mentioned in this podcast:

Xi and Modi say they are ‘partners not rivals’ in bid to repair ties

World’s newest petrostate heads for ‘mother of all elections’

UK secures largest ever warship deal from Norway

AstraZeneca bounces back from scandal in China

Today’s FT News Briefing was produced by Ethan Plotkin, Persis Love, and Marc Filippino. Additional help from Jean-Marc Eck and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors remain chipper about Nvidia

Fri, 29 Aug 2025 04:00:00 GMT

Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs.

Mentioned in this podcast:

Singapore, UAE and other small nations to launch trade partnership

Nvidia growth outlook hit by China uncertainty

Japan’s ‘ninja stealth rally’ draws in global investors

Listen to the Swamp Notes podcast on the World Trade Organization

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s new favourite billionaire

Thu, 28 Aug 2025 04:00:00 GMT

Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo.

Mentioned in this podcast:

Nvidia revenue jumps 56% on robust AI demand

How SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investor

Crypto goes mainstream in Venezuela

London’s rush for external CEO candidates shows succession planning weakness

Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The risk of firing a central bank governor

Wed, 27 Aug 2025 04:00:00 GMT

Investors are worried that Donald Trump’s attempted firing of a Federal Reserve governor could undermine faith in the world’s most important central bank, and FT sources say the US has said it is prepared to provide intelligence assets to any western security plan for postwar Ukraine. Plus, French assets were hit on Tuesday as investors reacted to the prospect of a government collapse as soon as next month.

Mentioned in this podcast:

US long-term debt sells off after Trump’s attempted firing of Fed governor

US offers air and intelligence support to postwar force in Ukraine

French assets hit by prospect of government collapse

Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Kelly Garry, Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Germany’s pension crisis

Tue, 26 Aug 2025 04:00:00 GMT

US President Donald Trump said he was firing Federal Reserve governor Lisa Cook, shares in Ørsted plunged after the Trump administration halted one of the Danish wind farm developer’s almost-completed projects, and Elon Musk’s xAI has sued Apple and OpenAI alleging they broke antitrust rules. Plus, Germany’s government is encouraging young people to invest in the stock market rather than rely on the country’s flailing pension programme.

Mentioned in this podcast:

Trump says he is firing Fed governor Lisa Cook ‘effective immediately’

Musk’s xAI sues Apple and OpenAI over ChatGPT and iPhone integration

Germany’s pensions crisis: can €10 a month change how people invest?

Ørsted shares plunge to record low after US government halts project

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jerome Powell triggers market bets on a September rate cut

Mon, 25 Aug 2025 04:00:00 GMT

Jay Powell signalled a monetary policy shift during a high-profile Jackson Hole speech last week, and European investors are pouring money into new air defence technology. Plus, Spanish bank Santander is seeking to become a big player in Wall Street’s Spac market.

Mentioned in this podcast:

Jay Powell paves the way for Federal Reserve interest rate cut in September

Wall Street’s September Fed rate cut bets still hinge on economic data

Venture capital steps up ‘Iron Dome’ air defence investments

Santander signals Wall St ambition with Spac mandates

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, and Sonja Hutson. Additional help from Alex Higgins, Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The return of ‘pump and dump’ stock scams

Fri, 22 Aug 2025 04:00:00 GMT

EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams.

Mentioned in this podcast:

EU speeds up plans for digital euro after US passes stablecoin law

Justice department calls on Federal Reserve to sack governor Lisa Cook

‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiply

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Target get its ‘swagger’ back?

Thu, 21 Aug 2025 04:00:00 GMT

Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.

Mentioned in this podcast:

Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks

Target shares drop as retailer picks insider to lead turnaround drive

UK inflation rises more than expected to 3.8% in July

Will a 3-minute battery swap beat a 5-minute charge for China’s EV drivers?

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What to expect from Jay Powell’s Jackson Hole speech

Wed, 20 Aug 2025 04:00:00 GMT

US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up?

Mentioned in this podcast:

Jay Powell to deliver Jackson Hole address under fire on multiple fronts

US tech stocks hit by wave of concerns over future of AI boom

How Novo Nordisk lost its lead in the weight loss race

Labubu frenzy sends Pop Mart profits soaring

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Italian and French bonds meet in the middle

Tue, 19 Aug 2025 04:00:00 GMT

US President Donald Trump floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT’s Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds.

Mentioned in this podcast:

Trump floats US security guarantees for Ukraine in meeting with Zelenskyy

French borrowing costs close in on Italy’s as investors fret over debts

Donald Trump tariffs threaten Narendra Modi’s ‘Make in India’ drive

Soho House agrees $2.7bn take-private deal

SoftBank to buy $2bn in Intel shares as it grows US investments

Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Zelenskyy goes back to the White House

Mon, 18 Aug 2025 06:57:44 GMT

US President Donald Trump will meet with Ukrainian President Zelenskyy today, just days after meeting Russian President Putin, and the UK’s solar output is reaching record levels. Plus, tech companies are spending trillions to build AI data centers.

Mentioned in this podcast:

‘Absolutely immense’: the companies on the hook for the $3tn AI building boom

Putin demanded Ukraine cede Donetsk and Luhansk in exchange for freezing rest of front line

Volodymyr Zelenskyy to press for ceasefire at Donald Trump meeting

British solar power surges past 2024 total

Today’s FT News Briefing was produced by Ethan Plotkin, Katya Kumkova, Marc Filippino, and Lulu Smyth. Additional help from Alex Higgins and Derek Brower. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The markets are shrugging off chaos

Fri, 15 Aug 2025 04:00:00 GMT

US President Donald Trump and Russian President Vladimir Putin meet in Alaska today, and Dubai is trying to hold on to its role as the financial centre of the Middle East. Plus, China is sending out a warning to foreign countries stockpiling rare earths metals, and the FT’s Katie Martin explains why she’s worried about the calm in the markets.

Mentioned in this podcast:

Can Dubai keep its crown as the Middle East’s finance capital?

Investors are frogs in a Trumpian pot

China warns foreign companies against stockpiling rare earths

Putin hails Trump’s ‘energetic and sincere’ efforts to end Ukraine war

Today’s FT News Briefing was produced by Katya Kumkova, Josh Gabert-Doyon and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Opec pops US shale’s balloon

Thu, 14 Aug 2025 04:00:00 GMT

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being buoyed by diplomatic law. Plus, the FT’s Jamie Smyth explains why the US shale boom may be over after a decade-long run.

Mentioned in this podcast:

UK companies in China buoyed by diplomatic thaw

US oil producers say Opec ‘price war’ will halt shale boom

Initial tax data allays fears of non-dom exodus from UK

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Norway’s oil fund dumps Israeli companies

Wed, 13 Aug 2025 04:00:00 GMT

The White House walks back expectations for Friday’s meeting between the US and Russian presidents, and Norway’s oil fund is pulling its money out of Israel. Plus, inflation stayed flat in the US in July, and storm-hit beach towns are struggling to shore up amid sand scarcity.

Mentioned in this podcast:

White House downplays expectations for Trump-Putin Alaska summit

US inflation holds steady at 2.7% in July despite Trump’s tariffs

Norway oil fund sells out of a fifth of Israeli firms amid fierce criticism

Can the world’s beaches survive a sand shortage?

Crypto founder Do Kwon pleads guilty to US fraud charges

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Michaela Seah, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why the Mexican peso is on a tear

Tue, 12 Aug 2025 04:00:00 GMT

EU leaders will hold a call with US President Donald Trump ahead of his meeting with Russian leader Vladimir Putin, and the Mexican peso has emerged as an unlikely winner from Trump’s trade war. Plus, Trump has opened the door to Nvidia selling advanced AI chips to China, and the FT’s Kathrin Hille explains what’s next for Taiwan after the country’s failed recall vote.

Mentioned in this podcast:

EU leaders to hold call with Trump ahead of Putin meeting over Ukraine

Peso soars as ‘carry trade’ reignites after tariff delays

Trump opens door to Nvidia selling advanced AI chips to China for a fee

Why Taiwanese fear China could take over from within

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump tries for a Ukraine peace deal

Mon, 11 Aug 2025 04:00:00 GMT

UK employers cut back hiring over labour and tax cost fears, and Ukraine and its European allies worry about US President Donald Trump’s summit with Russian President Vladimir Putin. Plus, HSBC is weighed down by woes in the Hong Kong commercial property market, and India’s huge IT sector is scrambling to counter the threat of artificial intelligence.

Mentioned in this podcast:

UK employers cut back hiring over labour and tax cost fears

Donald Trump to meet Putin in Alaska as he signals Ukraine may need to cede land

European allies back Ukraine’s borders after Donald Trump floats land swap with Russia

HSBC flags 73% of Hong Kong commercial property loans as risky

India’s IT services giants race to reinvent themselves for the AI age

Today’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, Fiona Symon, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A divided Bank of England

Fri, 08 Aug 2025 04:00:00 GMT

Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple.

Mentioned in this podcast:

https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffdd

BoE cuts rates with a hawkish shift in its outlook

Europe builds for war as arms factories expand at triple speed

Donald Trump threatens 100% tariff on chips but with carve-out for Apple

Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Sam Giovinco, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

CoreWeave’s takeover deal hits a speedbump

Thu, 07 Aug 2025 04:00:00 GMT

European companies are falling behind US counterparts and CoreWeave’s takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year.

Mentioned in this podcast:

European earnings lag behind US as trade war saps market revival

CoreWeave’s $9bn takeover of Core Scientific faces revolt from top shareholders

BCG consultants modelled relocating Gazans to Somalia

The covert trip by Iranian nuclear experts to Russia

Email Swamp Notes your questions: marc.filippino@ft.com

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is Palantir’s stock too good to be true?

Wed, 06 Aug 2025 04:00:00 GMT

US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir’s skyrocketing stock is raising concerns that it’s overvalued. Plus, OpenAI released a new “open-weight” model, and Russia’s banks are coming under scrutiny over bad loans.

Mentioned in this podcast:

Trump readies fresh sanctions against Russia’s shadow fleet

Russia moves to contain concern over banks’ bad loan exposure

Palantir’s valuation is a triumph of ‘number go up’

OpenAI releases open models to compete with China’s DeepSeek

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Australia wants its port back

Tue, 05 Aug 2025 04:00:00 GMT

US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla’s board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign.

Mentioned in this podcast:

Donald Trump to raise tariffs on India over Russian oil purchases

Deutsche Bank chief approved controversial trade he was later tasked with probing

The remote Australian port caught in a US-China security tussle

Tesla board awards $30bn of shares to ‘energise and focus’ Elon Musk

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wall Street digests bitter economic data

Mon, 04 Aug 2025 04:00:00 GMT

The FT’s US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany’s biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil’s judiciary, and consumers are cutting back on luxury brands.

Mentioned in this podcast:

Dollar rebound fizzles after jobs data disappoints

Germany’s biggest sports retailer considers moving production into China

Lula seizes Trump tariff threat to revive re-election push

Brazil vows to defend supreme court against Donald Trump’s onslaught

Luxury brands hit by drop in tourist spending in Europe and Japan

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Ethan Plotkin, Jess Smith, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s case against Fed chair Powell

Sat, 02 Aug 2025 04:00:00 GMT

This weekend, we're sharing an episode from our fellow FT podcast, Swamp Notes.

The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals.

Subscribe to Swamp Notes on Acast, Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts.

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Trump’s tariffs kick into higher gear

Fri, 01 Aug 2025 04:00:00 GMT

Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies.

Mentioned in this podcast:

Apple revenues jump on strong iPhone sales and rebound in China

Trump reimposes tariffs on dozens of countries

Ukraine restores independence of anti-corruption agencies

Samsung’s $16.5bn Tesla deal will test chipmaker’s hopes for revival

Globetrotter: Los Angeles with the FT

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Making sense of a wonky GDP reading

Thu, 31 Jul 2025 04:00:00 GMT

Meta’s shares jumped more than 10 per cent off the back of better than expected second-quarter earnings, and the Federal Reserve held rates steady despite calls to lower borrowing rates by US President Donald Trump. Plus, American copper prices fell after Trump exempted refined materials from a 50 per cent tariff on the metal, and HSBC profits declined by 29 per cent.

Mentioned in this podcast:

Meta shares jump on strong results as Zuckerberg sets out ‘superintelligence’ goals

Fed holds rates steady despite Trump’s calls for lower borrowing costs

US copper prices fall after Trump exempts refined metals from tariffs

HSBC profits slide 29% on hit from China and restructuring

Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Concerns rise over starvation in Gaza

Wed, 30 Jul 2025 04:00:00 GMT

The potential US-China trade war truce depends on US President Donald Trump’s approval, and a UN-backed food security group says a famine is unfolding in Gaza. Plus, China’s AI expo gives the international community an alternative to American technology, and the IMF’s new global growth forecast reflects that the fall of the dollar has lessened the impact of Trump’s trade war.

Mentioned in this podcast:

US says extended trade war truce with Beijing hinges on Trump approval

‘Worst-case scenario’ of famine unfolding in Gaza, says global hunger monitor

China lays out its AI vision in foil to Donald Trump’s ‘America First’ plan

IMF upgrades global growth forecast as weaker dollar aids world economy

Credit: Fox

Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

EU politicians bristle at US trade deal

Tue, 29 Jul 2025 04:00:00 GMT

Bank of England governor Andrew Bailey and UK chancellor Rachel Reeves are at odds, and EU politicians are grumbling over the bloc’s trade deal with the US. Plus, the US economy is defying expectations and Bain & Co is to shut down its consulting business in South Africa after a corruption scandal.

Mentioned in this podcast:

Rachel Reeves and Andrew Bailey clash over Revolut meeting

What have the US and EU agreed on trade?

Merz says trade deal will cause ‘considerable damage’ to German economy

How the EU succumbed to Trump’s tariff steamroller

Bain & Co shuts South Africa consulting business after corruption scandal

How long can the US economy defy expectations?

Today’s FT News Briefing was produced by Fiona Symon Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s growing muscle at the UN

Mon, 28 Jul 2025 04:00:00 GMT

The European Union struck a deal to limit the rate of US tariffs, and public companies are filling their coffers with cryptocurrencies. Plus, the share of goods in total UK exports has fallen to a record low, and China is moving to fill the void left by the US at the United Nations.

Mentioned in this podcast:

US and EU strike trade deal, says Trump

Companies load up on niche crypto tokens to boost share prices

Trump left a power vacuum at the UN. China saw an opportunity

The share of goods in total UK exports has fallen to a record low

China’s Shaolin Temple says its head is facing a criminal investigation

Today’s FT News Briefing was produced by Jess Smith, Ethan Plotkin, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

CREDITS: Shaolin Temple (1982)/Chung Yuen Motion Picture Company

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Return of the stonk

Fri, 25 Jul 2025 04:00:00 GMT

US President Donald Trump is set to visit the UK and Krispy Kreme and GoPro stocks rise after becoming meme stocks. Plus, the ECB keeps rates at 2% and how AI is affecting the job market for new-grads.

Mentioned in this podcast:

Keir Starmer to press Donald Trump over deal to cut tariffs on UK steel imports

ECB holds rates steady at 2%

Is AI killing graduate jobs?

Meme stock mania returns as Krispy Kreme and GoPro shares soar

FT Weekend Fest Promo code: FTPodcasts

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kent Militzer and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Private equity recycles assets

Thu, 24 Jul 2025 04:00:00 GMT

Tesla’s second-quarter profits fell 23 per cent as sales of its electric vehicles continued to slide, private equity firms made record use of a controversial tactic to cash out their clients this year, and McKinsey has stopped its China business from undertaking some generative artificial intelligence work. Plus, Taiwan will hold a recall election this weekend and the outcome could mean a lot for its relationship with China.

Mentioned in this podcast:

Elon Musk warns ‘rough quarters’ ahead for Tesla after Trump cancels EV incentives

Private equity firms flip assets to themselves in record numbers

McKinsey bars China practice from generative AI work amid geopolitical tensions

Taiwan’s once-dominant KMT falls ‘out of step’ with the electorate

Taiwan launches unity drive as China threat looms

Email Swamp Notes your questions: marc.filippino@ft.com

Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Big Pharma’s China gamble

Wed, 23 Jul 2025 04:00:00 GMT

US House Speaker Mike Johnson sent home Congress members early to avoid a vote on releasing files on Jeffery Epstein, Nigeria’s recalculated GDP reflects a 30 per cent growth of its economy, and US President Donald Trump’s tariffs have hit General Motors' profits. Plus, global pharma companies have spent a record amount on Chinese biotech this year and Coca-Cola is putting cane sugar back in Coke.

Mentioned in this podcast:

Mike Johnson shuts US House early to avoid Epstein vote

Nigeria’s economy 30% bigger after GDP recalculation

Big Pharma is increasingly reliant on Chinese biotech advances

GM profits hit by Trump’s tariffs while EV sales more than double

Coca-Cola to launch cane sugar-based Coke in US this autumn

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What deregulation means for the UK economy

Tue, 22 Jul 2025 04:00:00 GMT

JPMorgan Chase explores lending against cryptocurrency, and the UK will have to pay in order to join the EU’s defence fund. Plus, UK chancellor Rachel Reeves blames regulation for lack of financial growth and a start-up in San Francisco might know how to create gold.

Mentioned in this podcast:

JPMorgan explores lending against clients’ cryptocurrency

EU will make UK pay to join €150bn defence fund

Will a return to risk-taking rouse animal spirits?

Fusion energy start-up claims to have cracked alchemy

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s $50bn tariff haul

Mon, 21 Jul 2025 04:00:00 GMT

Japan’s ruling coalition lost its majority in the country’s upper house of parliament, and the European Union is trying to break its dependency on American tech. Plus, the London Stock Exchange Group is weighing whether to launch 24-hour trading, and US President Donald Trump’s tariffs have raised nearly $50bn in extra customs revenues.

Mentioned in this podcast:

Japan’s Ishiba loses majority in election blow

Can Europe break free of American tech supremacy?

London Stock Exchange Group considers launch of 24-hour trading

Donald Trump reaps $50bn tariff haul as world ‘chickens out’

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, and Marc Filippino. Additional help from Peter Barber and Alexander Higgins. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is Ukraine sliding into authoritarianism?

Fri, 18 Jul 2025 04:00:00 GMT

Ukrainian President Volodymyr Zelenskyy is accused of authoritarianism after favoring loyalists in anti-corruption raids, and the Meta board settles a multibillion-dollar lawsuit over failing to prevent data breaches. Plus, FT columnist Ruchir Sharma explains why investors are going all in on Israel.

Mentioned in this podcast:

Volodymyr Zelenskyy accused of authoritarian slide after anti-corruption raids

Meta board settles Delaware case over multibillion-dollar cost of data breaches

The markets are signalling a clear winner in the Middle East

FT Weekend Fest Promo code: FTPodcasts

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US investment banking is so back

Thu, 17 Jul 2025 04:00:00 GMT

Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election.

Mentioned in this podcast:

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

Goldman Sachs profits jump 22% after investment banking gains

UK inflation unexpectedly rises to 18-month high of 3.6%

Japan’s 10-year yield hits highest level since 2008 financial crisis

Credit: Fox News

Send in your Swamp Notes questions (Marc.Filippino@FT.com)

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why the UK kept an Afghan immigration scheme secret

Wed, 16 Jul 2025 04:00:00 GMT

US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds.

Mentioned in this podcast:

Donald Trump announces trade deal with Indonesia

Catastrophe bond sales hit record as insurers offload climate risks

UK set up secret Afghan immigration scheme after data leak and gagged media

US inflation reaches 2.7% as Trump tariffs hit

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Washington weighs in on crypto

Tue, 15 Jul 2025 04:00:00 GMT

The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US.

Mentioned in this podcast:

EU budget shake-up to shift billions to eastern states

Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’

Rachel Reeves to hail fiscal ‘stability’ and City risk-taking in Mansion House speech

‘E-power’: the hybrid tech Nissan is counting on to conquer the US

Today’s FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US investment banking expected to stay in the doldrums

Mon, 14 Jul 2025 04:00:00 GMT

The EU has put trade retaliations against the US on hold, and US investment banking is set to extend its losing streak. Plus, the FT’s Eleni Varvitsioti explains how Greece recovered from economic disaster in the past decade, but still has work to do.

Mentioned in this podcast:

EU pauses trade retaliation against US after Trump’s 30% tariff threat

Investment banking set to extend worst run in over a decade

How Greece came back from the brink

Today’s FT News Briefing was produced by Persis Love, Sonja Hutson, Katya Kumkova, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Pharma markets left on a ‘patent cliff’-hanger

Fri, 11 Jul 2025 04:00:00 GMT

India is set to reach a record year in initial public offerings and Big Pharma is facing a wave of patent expiration dates. Plus, Meta goes to trial over who to hold accountable for corporate scandals.

Mentioned in this podcast:

India on track for record IPO year

The looming ‘patent cliff’ facing Big Pharma

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, Henry Larson and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Global copper market weighs Trump tariff threat

Thu, 10 Jul 2025 14:17:31 GMT

The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.

Mentioned in this podcast:

UK and France vow to co-ordinate nuclear deterrence for first time

Global copper market weighs impact of Donald Trump tariff threat

Nvidia becomes first company to reach $4tn in market value

Send your US politics questions to marc.filippino@ft.com

Subscribe to the Swamp Notes podcast

Note: An earlier version of this episode contained a segment with several factual errors about the composition of Canada's energy sector. That segment has since been removed from the show.

Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Hosted on Acast. See acast.com/privacy for more information.

BCG tries to limit Gaza work fallout

Wed, 09 Jul 2025 04:00:00 GMT

EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, European Commission president Ursula von der Leyen dismissed the no-confidence motion against her in a speech.

Mentioned in this podcast:

Donald Trump deal to leave EU facing higher tariffs than UK

BCG modelled plan to ‘relocate’ Palestinians from Gaza

BCG chief admits Gaza work was ‘reputationally very damaging’

Von der Leyen bats away no-confidence vote but critics land punches

Credit: European Commission

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Liechtenstein's zombie-trust apocalypse

Tue, 08 Jul 2025 04:00:00 GMT

US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump.

Mentioned in this podcast:

Donald Trump renews threat to hit trading partners with steep tariffs

Liechtenstein hit by Russia-linked ‘zombie trust’ crisis

Shein files for Hong Kong IPO to pressure UK to save London listing

‘Elon has finally woken up’: Musk battles to save Tesla from Trump

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US stocks: rally or overcorrection?

Mon, 07 Jul 2025 04:00:00 GMT

Israeli Prime Minister Benjamin Netanyahu visits Washington DC today to discuss a Gaza ceasefire proposal with US President Donald Trump, and US stocks are booming again despite uncertainty about the wider economy. Plus, Hong Kong’s stock exchange is attracting lots of companies, and venture capital is putting its own tech-focused spin on a private equity business model.

Mentioned in this podcast:

Israel to join ceasefire talks despite ‘unacceptable’ response from Hamas

Netanyahu and Trump to discuss new Gaza deal at White House

Are we rallying, or overcorrecting?

Hong Kong listings pipeline hits record high as equity market booms

Tech venture firms deploy private equity ‘roll-up’ strategy

Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Katya Kumkova, and Jess Smith. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The cost of Trump’s ‘big, beautiful bill’

Fri, 04 Jul 2025 04:00:00 GMT

Donald Trump has secured passage of his flagship tax and spending legislation and the US jobs market exceeded expectations last month. Plus, the future of the UK’s National Health Service could be in jeopardy, and Hong Kong residents cancel trips to Japan over a comic book’s earthquake prophecy.

Mentioned in this podcast:

What is in Donald Trump’s giant tax-cutting bill

US economy surpasses expectations to add 147,000 jobs in June

The future of the NHS

10-year plan NHS

Hongkongers scrap Japan trips over comic book’s earthquake prophecy

Today’s FT News Briefing was produced by Sonja Hutson and Katya Kumkova. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The mad dash for trade deals

Thu, 03 Jul 2025 04:00:00 GMT

European CEOs are lobbying against AI regulations, and trade officials are rushing to make deals before US President Donald Trump’s tariffs take effect again. Plus, the Pentagon suddenly stalled some weapon shipments to Ukraine, and the UK’s watered-down welfare reform bill could mean higher taxes.

Mentioned in this podcast:

European CEOs urge Brussels to halt landmark AI Act

US narrows trade focus to secure deals before Donald Trump’s tariff deadline

Ukraine summons top US diplomat after Washington halts some arms supplies

Which UK taxes are expected to rise in the autumn Budget?

Today’s FT News Briefing was produced by Sonja Hutson and Kasia Broussalian. Additional help from Blake Maples and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hong Kong’s bull run leaves China in the dust

Wed, 02 Jul 2025 04:00:00 GMT

The UK government passed its welfare reform bill after making concessions, and Hong Kong’s stocks are beating out mainland China’s. Plus, Eurozone inflation rises to 2 per cent, and Europe turns to France to process rare earths.

Mentioned in this podcast:

Starmer guts UK welfare reforms to avoid Commons defeat

Hong Kong’s bull market leaves China behind

Eurozone inflation rises to ECB’s 2% target

European companies look to France for domestic rare earths sector

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Fiona Symon. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Rise of the neobank

Tue, 01 Jul 2025 04:00:00 GMT

Two of the biggest oil companies in the Middle East scale down their acquisition sprees, and Wall Street’s comeback has dramatically narrowed the gap with European stocks. Plus, the US is lifting sanctions on Syria, and Klarna makes some changes to its business model.

Mentioned in this podcast:

Gulf oil companies slow $60bn acquisition spree as crude prices fall

US dollar suffers worst start to year since 1973

US stock market comeback tests investor faith in rotation to Europe

Donald Trump lifts most US sanctions on Syria

Klarna accelerates shift to digital bank ahead of second IPO attempt

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Ethan Plotkin. Additional help from Blake Maples, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US banks are hungry for deals

Mon, 30 Jun 2025 04:00:00 GMT

The Trump administration is paving the way for more US bank mergers, and China’s online retail giants are losing some key customers. Plus, the race to replace Federal Reserve Chair Jay Powell is heating up, and the UK is trying to make financial advice more accessible.

Mentioned in this podcast:

Deal hunger stirs among US banks

US shoppers ditch Shein and Temu as Trump closes tax loophole

White House says decision on nominating next Fed chair not ‘imminent’

UK launches biggest financial advice shake-up in more than a decade

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Labour MPs rebel against UK welfare reform

Fri, 27 Jun 2025 04:00:00 GMT

Some members of the UK's parliament fight back against proposed welfare cuts, and early intelligence suggests Iran’s uranium stockpile is still intact, officials say. Plus, the rise of sports gambling in Nigeria is being powered by social media influencers.

Mentioned in this podcast:

Early intelligence suggests Iran’s uranium largely intact, European officials say

A defeat Keir Starmer cannot afford

Keir Starmer in talks with rebel MPs in bid to head off welfare revolt

The football betting influencers behind Nigeria’s not-so secret gambling boom

Send me your questions for the Swamp Notes podcast: marc.filippino@ft.com. We may even play your voicemail on the show.

Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why markets are unfazed by the Middle East conflict

Thu, 26 Jun 2025 04:00:00 GMT

Nato members decided on increased defence spending, the Federal Reserve is planning on cutting capital requirements for America’s biggest banks, and accounting firms are ready to open up to public markets. Plus, why US stocks are unfazed by the Israel-Iran conflict.

Mentioned in this podcast:

The US, Iran and markets

The markets are silent — that is worrying

Federal Reserve unveils plans to reduce capital rules imposed after 2008 crisis

Accounting sector prepares for more IPOs after private equity binge

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Iran's path forward

Wed, 25 Jun 2025 04:00:00 GMT

US stocks almost hit record highs amid possible de-escalation in the Middle East, and Johns Hopkins University professor Vali Nasr analyses Iran’s future. Plus, the US Federal Reserve chair signalled no interest cuts this summer, and US states are sending delegates to the EU for advice on green policy.

Mentioned in this podcast:

Israel-Iran latest: JD Vance declares era of new Trump foreign policy doctrine

The war that will remake Iran’s Islamic republic

Iran at the precipice

Jay Powell pushes back on calls for Federal Reserve rate cuts as soon as July

Rachman Review podcast

US states send delegates to EU for advice on green policy

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will the wheels come off Nato?

Tue, 24 Jun 2025 04:00:00 GMT

US president Donald Trump has said Israel and Iran have agreed a ceasefire, shifting priorities in the US are putting pressure on Nato members in Europe, and emerging markets defy US President Donald Trump’s trade war. Plus, the US has yet to find Iran’s uranium stockpile.

Mentioned in this podcast:

Donald Trump claims Israel and Iran have agreed ceasefire

What happens to Nato if the US steps back?

Where is Iran’s uranium? Search continues for 400kg stockpile

Emerging markets defy investor gloom to outshine developed world

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US targets Iran’s nuclear programme

Mon, 23 Jun 2025 04:00:00 GMT

The US is now using force to try to eliminate Iran’s nuclear programme, and new tariffs on US household goods take effect. Plus, the chief executive of a Russian burger chain is petitioning President Vladimir Putin to block western businesses from returning, and the CEO of the fintech Revolut could be due for a major pay out.

Mentioned in this podcast:

US says it inflicted ‘severe damage’ on Iran’s nuclear programme

Tariffs on household goods bring home costs of Trump’s trade wars

Fake McDonald’s lobbies Vladimir Putin to block return of western companies

Revolut chief in line for Musk-style payday at $150bn valuation

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

EU pushes a UK-style trade deal with the US

Fri, 20 Jun 2025 04:00:00 GMT

Russia’s war-time economy is slowing down, and the EU is negotiating a trade deal with the US to keep some tariffs in place. Plus, the Bank of England votes to hold interest rates steady, and a UN official describes violence at aid distribution sites in Gaza.

Mentioned in this podcast:

Russia on brink of recession, says economy minister

EU weighs UK-style trade deal with US

Bank of England warns of weakening jobs market as it holds rates

How Gaza’s food queues turned into kill zones

Today’s FT News Briefing was produced by Fiona Symon, Josh Gabert-Doyon, and Ethan Plotkin. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Fed cuts US economic outlook

Thu, 19 Jun 2025 04:00:00 GMT

The Federal Reserve cut its outlook for the US economy on Wednesday, and in the UK, inflation remains higher than ideal. Plus, Big Tech companies are lobbying for a decade-long ban on AI regulations, and the Israel-Iran conflict has hit the global supply chain.

Mentioned in this podcast:

UK inflation was 3.4% in May

Federal Reserve cuts outlook for US economy but holds interest rates steady

Big Tech pushes for 10-year ban on US states regulating AI

Insurers lift prices 60% for key Iran route as conflict threatens shipping

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump demands that Iran surrender

Wed, 18 Jun 2025 04:00:00 GMT

US President Donald Trump demands unconditional surrender from Iran on social media, and the Iran-Israel conflict causes Trump to leave the G7 summit early. Plus, the EU relaxes merger rules on defence and Meta will bring advertisements onto its messaging platform WhatsApp.

Mentioned in this podcast:

Meta introduces advertising to WhatsApp in push for new revenues

Donald Trump leaves G7 early as Iran-Israel conflict intensifies

Brussels to loosen merger rules for defence companies

Trump calls for Iran’s ‘unconditional surrender’

Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What Trump’s golden share means for the Nippon deal

Tue, 17 Jun 2025 04:00:00 GMT

Tensions rise as the EU refuses trade talks with China before next month’s leaders summit, and Airbus announced $10bn of orders at the Paris Air Show. Plus US President Donald Trump’s golden share means heavy influence in the Nippon Steel deal, and energy markets react to the conflict between Iran and Israel.

Mentioned in this podcast:

US Steel deal embodies golden age of Trump meddling

Fuel and fury: energy becomes a Middle East battlefield

EU spurns economic dialogue with China over deepening trade rift

Today’s FT News Briefing was produced by Mischa Frankl-Duval, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Inside Iran’s ‘impenetrable’ nuclear bunker

Mon, 16 Jun 2025 04:00:00 GMT

Israel may not have big enough bombs to take down Iran’s most secure nuclear facility, and Nippon Steel’s bid to take over US Steel is finally moving forward. Plus, gold has surpassed the euro as the second most-popular reserve asset, and the UK’s overseas intelligence agency has appointed its first female chief.

Mentioned in this podcast:

Gold overtakes euro as global reserve asset, ECB says

Silver and platinum prices soar as investors seek ‘gold alternatives’

The nuclear mountain that haunts Israel

Donald Trump approves Nippon Steel’s $15bn takeover of US Steel

Britain’s overseas spy agency MI6 promotes ‘Q’ to be first female head

Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hot Money: Agent of Chaos - Ep. 1, The Bribe

Sat, 14 Jun 2025 04:00:00 GMT

Today, we're bringing you the first episode from the new season of Hot Money. On Hot Money: Agent of Chaos, reporter Sam Jones investigates Wirecard’s chief operating officer — who vanished just as the high flying German fintech collapsed. It turned out he was a Russian spy. From an Ibizan sting operation to an attempted takeover of the Austrian intelligence service, Jones’ reporting spirals into a world of warlords, espionage and disinformation. All in an attempt to answer two questions: who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?

Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+.

Subscribe on Apple: apple.co/pushkin

Subscribe on Pushkin: pushkin.fm/plus

Hosted on Acast. See acast.com/privacy for more information.

Southern European bond markets make a comeback

Fri, 13 Jun 2025 04:00:00 GMT

Israel has launched a strike against Iran, Argentina’s month-on-month inflation rate has fallen below 2 per cent, and Italian, Spanish and Greek sovereign bonds have rallied. Plus, investigators in India are looking into a fatal Boeing 787 crash and the US dollar sank to a three-year low.

Mentioned in this podcast:

Israel strikes Iran and braces for retaliation

Dollar sinks to three-year low on Trump tariff threat

Italy, Greece and Spain emerge as winners in bond market anxiety

More than 240 dead after Air India flight to London crashes

Milei brings Argentina’s monthly inflation below 2% for first time since 2020

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Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, Henry Larson, and Marc Filippino. Additional help from Eli Meixler, Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Europe’s game plan for handling Trump at G7

Thu, 12 Jun 2025 04:00:00 GMT

The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line.

Mentioned in this podcast:

Pentagon launches review of Aukus nuclear submarine deal

Donald Trump says US-China deal ‘done’ as two sides restore trade war truce

US inflation rose less than expected to 2.4% in May

Europe confronts Trump’s triple threat on Ukraine, Nato and trade

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Winners and losers of UK spending review

Wed, 11 Jun 2025 04:00:00 GMT

The FT’s George Parker explains the winners and losers in UK chancellor Rachel Reeves’ spending review, the UK imposed the first western sanctions against Israeli government ministers,and Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter. Plus, US state and local governments are selling municipal bonds at a record pace on fears that Congress could partially pay for President Donald Trump’s “big, beautiful bill” by cutting a critical tax break.

Mentioned in this podcast:

What to expect in Rachel Reeves’ spending review

UK sanctions Israeli ministers Smotrich and Ben-Gvir

Muni bonds set for record sales on fears US Congress could scrap tax break

Citi to boost provision for potential bad loans on US economic worries

Today’s FT News Briefing was produced by Sonja Hutson, Mischa Frankl-Duval, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump cracks down on Los Angeles protests

Tue, 10 Jun 2025 04:00:00 GMT

The head of the operator of the Panama Canal has warned that a $23bn global ports deal could put the waterway’s neutrality mandate at risk, Donald Trump is testing the limits of presidential power by sending troops to Los Angeles, and Warner Bros Discovery will split into two publicly traded companies. Plus, Brazil is hoping to sell its first sovereign debt in the Chinese market to strengthen trade and investment ties.

Mentioned in this podcast:

Panama Canal boss warns MSC ports deal threatens principle of neutrality

Trump administration to deploy hundreds of Marines in Los Angeles

Donald Trump tests limits of presidential authority by sending troops into Los Angeles

Warner Bros Discovery to split its TV and streaming businesses

Brazil plans panda bond as Lula looks to bolster ties with China

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Mischa Frankl-Duval and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Who gets to be Italian?

Mon, 09 Jun 2025 04:00:00 GMT

Syria is preparing to rejoin the international banking system, and Italian Prime Minister Giorgia Meloni’s rightwing government is trying to prevent a change to the country’s citizenship rules. Plus, US junk bond sales are booming ahead of fresh tariff uncertainty, and a German fintech is trying to bring cheap retail investing to Europe.

Mentioned in this podcast:

Syria to reconnect to global economy after 14 years as pariah state

Italy’s vote on who gets to be Italian

Italy votes on speeding up citizenship for foreigners

Junk bond sales surge as companies try to beat fresh tariff uncertainty

BlackRock-backed fintech raises funds to be ‘European Charles Schwab’

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Jake Fielding, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s big play to save steel production

Sat, 07 Jun 2025 04:00:00 GMT

US President Donald Trump doubled tariffs on steel to 50 per cent this week. He’s also allowing Japan’s Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to America’s steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FT’s industrial reporter, discuss whether Trump can make good on a popular promise.

Mentioned in this podcast:

It’s always steel — tariffs provide Trump with a familiar trade weapon

Donald Trump’s US Steel gamble: Pennsylvania workers warm to Nippon tie-up

Credit: The White House YouTube channel

Swamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump and Xi break the ice

Fri, 06 Jun 2025 04:00:11 GMT

US President Donald Trump and China’s leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FT’s Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa.

Mentioned in this podcast:

Donald Trump and Xi Jinping agree to launch new round of trade talks

Christine Lagarde signals ECB rate-cutting ‘nearly concluded’

‘The cult of Saint Traoré’: how a Russia-backed junta leader became an icon

EU hit by surge in steel imports as US tariffs divert shipments

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bulgaria moves into the Eurozone

Thu, 05 Jun 2025 04:00:00 GMT

Apple’s rollout of artificial intelligence services in China with Alibaba is being held up, Wells Fargo faces an uphill battle to catch up with its rivals after asset cap was lifted, and US President Donald Trump says Russian President Vladimir Putin is not ready for “immediate peace” with Ukraine. Plus, the European Commission has finally given Bulgaria the green light to join the Eurozone in 2026.

Mentioned in this podcast:

Apple and Alibaba’s AI rollout in China delayed by Trump trade war

Wells Fargo has finally shed its dunce cap

Wells Fargo asset cap lifted after ‘fake accounts’ scandal

Putin planning to retaliate for Ukraine drone attack, says Trump

Bulgaria to join Eurozone in 2026

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Mexico’s new supreme court

Wed, 04 Jun 2025 04:00:00 GMT

Dutch Prime Minister Dick Schoof resigned after far-right leader Geert Wilders walked out of his coalition government, Mexico’s new supreme court is set to solely contain judges nominated by the ruling coalition, and Eurozone inflation fell below the European Central Bank’s 2 per cent target. Plus, the FT’s Akila Quinio explains how the Royal Bank of Scotland was nationalised in the wake of the 2008 financial crisis and then reborn.

Mentioned in this podcast:

Far-right Dutch leader Geert Wilders quits government

Tiny slice of Mexicans elect supreme court closely tied to ruling party

Eurozone inflation falls below target to 1.9%

The RBS story: how the world’s biggest bank was nationalised and then reborn

South Korean leftwinger Lee Jae-myung wins presidential election

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s push to privatise Fannie and Freddie

Tue, 03 Jun 2025 04:00:00 GMT

Elon Musk’s xAI is launching a $300mn share sale that values the group at $113bn, and China’s property sector woes are compounded by tariff worries. Plus, Poland’s new president is going to make life hard for the country’s prime minister, and the FT’s Amelia Pollard explains why US president Donald Trump wants to take mortgage giants Fannie Mae and Freddie Mac private.

Mentioned in this podcast:

EU companies more concerned about China slowdown than tariffs

Donald Trump’s plans for Fannie and Freddie would mean payday for hedge funds

Nationalist candidate Karol Nawrocki wins knife-edge Poland presidential election

Elon Musk’s xAI seeks $113bn valuation in $300mn share sale

Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

South Korea plots a post-coup future

Mon, 02 Jun 2025 04:00:00 GMT

Private equity dealmaking around the world slowed down in the second quarter of 2025, and South Korea holds elections on Tuesday after months of political instability. Plus, office space construction in the UK has reached a ten-year low, and Wall Street is warning that a little-publicised foreign tax provision in Donald Trump’s budget bill could upend markets.

Mentioned in this podcast:

Trump tariffs cut off recovery in private equity dealmaking

Leftwing ‘brawler’ on verge of South Korea presidency

The ‘quiet’ crisis brewing between the US and South Korea

Foreign tax provision in Trump budget bill spooks Wall Street

UK office construction drops to 10-year low

Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Henry Larson, and Marc Filippino. Additional help from Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Do Republicans still care about debt?

Sat, 31 May 2025 04:00:00 GMT

Republicans are often known as the party of fiscal responsibility. This week, Swamp Notes unravels the US House of Representatives’ “big, beautiful” bill and its uncertain path forward in the Senate. Edward Luce, US national editor and columnist, and James Politi, Washington bureau chief, explain what made congressional Republicans go all in on big spending, tax cuts and more debt.

Subscribe to the new Swamp Notes feed here.

Mentioned in this podcast:

Read Edward Luce’s column on the new ‘moron premium’ for Treasuries

US House passes Donald Trump’s showpiece tax bill

Swamp Notes is produced by Lauren Fedor, Katya Kumkova and Henry Larson. Topher Forhecz is the acting co-head of audio. Special thanks to Pierre Nicholson.

Hosted on Acast. See acast.com/privacy for more information.

Trump’s tariffs in legal limbo

Fri, 30 May 2025 04:00:00 GMT

The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.

Mentioned in this podcast:

Court tariffs bombshell should inspire trading partners to defy Trump

Trade Secrets Newsletter

Former Goldman Sachs banker sentenced to two years in prison for 1MDB role

How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal

Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The challenge to Delaware’s corporate dominance

Thu, 29 May 2025 04:00:00 GMT

A US court invalidated President Donald Trump’s “liberation day” tariff scheme yesterday. Nvidia reported a nearly 70 per cent surge in quarterly revenues, and the US has said it will not renew Chevron’s oil licence in Venezuela. Plus, Texas and Nevada are seeking to challenge the dominance of Delaware with company-friendly law.

Mentioned in this podcast:

US trade court invalidates Donald Trump’s reciprocal tariffs

Nvidia quarterly revenue surges nearly 70% on AI boom

US government will not renew Chevron’s Venezuela oil licence

Texas vs Nevada — the battle to woo companies is heating up

Today’s FT News Briefing was produced by Sonja Hutson, Henry Larson and Marc Filippino. Additional help from Blake Maples and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Rio Tinto’s surprise CEO hunt

Wed, 28 May 2025 04:00:00 GMT

US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down.

Mentioned in this podcast:

US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talks

Asian currencies boosted by investor bets on US trade deals

McKinsey sheds 10% of staff in two-year profitability drive

Rio ousted chief Jakob Stausholm to seek boss with more mining experience

Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Ukraine fell victim to fake arms deals

Tue, 27 May 2025 04:00:00 GMT

Russia’s full-scale invasion of Ukraine in 2022 kicked off a massive arms procurement race for Kyiv. Officials looked just about everywhere for weapons they could ship to the frontlines. However, Ukraine has lost hundreds of millions of dollars on fraudulent arms deals in the process. The FT’s Ukraine correspondent Isobel Koshiw and investigative reporter Miles Johnson share their reporting.

Mentioned in this podcast:

How Ukraine lost hundreds of millions on arms deals gone wrong

Ukraine arms procurement feud risks eroding western trust, G7 warns

Today’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Behind the Money: GE Vernova tries to shake its parent’s problems

Mon, 26 May 2025 04:00:00 GMT

Today, we're bringing you an episode from our fellow FT podcast, Behind the Money. Massive conglomerates used to define corporate best practice. Think about a company like General Electric, known as “the everything company”. But today, there’s a new popular model: de-conglomeration. The FT’s former US energy reporter Amanda Chu examines whether this is working for a power business that GE spun off last year – or if it’s just another Wall Street fad.

Clips from BBC, Bloomberg, DW

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For further reading:

Rustbelt gamble: GE Vernova rides AI power boom into uncertain future

Is the US power grid ready to meet the demands of data centres?

Have America’s industrial giants forgotten what they are for?

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Follow Amanda Chu on X (@amandalanchu). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s next 100 days

Sat, 24 May 2025 04:00:00 GMT

This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FT’s Central Banks newsletter, discuss what Trump’s next few months might be like. Have markets truly recovered from the “liberation day” shock? What happens after the 90-day tariff pause is over? Our guests weigh in.

Subscribe to the new Swamp Notes feed here.

Mentioned in this podcast:

Read the latest Chris Giles on Central Banks column here

Listen to the Unhedged podcast here

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Mischa Frankl-Duval and Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The economic impact of Trump’s budget bill

Fri, 23 May 2025 04:00:00 GMT

Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.

Mentioned in this podcast:

US House passes Trump’s showpiece tax bill

BYD sells more electric vehicles in Europe than Tesla for first time

Nvidia seeks to build its business beyond Big Tech

Nvidia chief announces major Taiwan chip investments

US to become penniless with phasing out of one-cent coin

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will Germany ban the far-right AfD?

Thu, 22 May 2025 04:00:00 GMT

Telegram leapt to a $540mn profit last year despite the ongoing legal threat to its leadership, yields on the longest-dated Japanese government bonds surged to record highs, and UK inflation rose more than expected to a 15-month high. Plus, Germany is considering banning the far-right Alternative for Germany party, but has it become too big to outlaw?

Mentioned in this podcast:

Telegram jumps to $540mn profit despite founder facing legal peril

Japan’s long-term borrowing costs hit record high on demand fears

UK inflation jumps to 3.5% in April

Will Friedrich Merz ban the far-right Alternative for Germany?

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

CATL’s IPO pops in Hong Kong

Wed, 21 May 2025 04:00:00 GMT

European and Asian investors have pumped record sums into global equity funds that exclude the US market, and shares in Chinese battery maker CATL surged 16 per cent on their debut in Hong Kong. The EU plans to levy a flat fee on billions of small packages entering the bloc, mainly from China. Plus, Israeli Prime Minister Benjamin Netanyahu is facing calls to scale back his military operation in Gaza and let more aid into the enclave.

Mentioned in this podcast:

Investors flock to equity funds that exclude US after Trump’s return to power

Chinese battery maker CATL surges 16% in biggest listing of 2025

EU to impose €2 tax on low-cost items in blow to Temu and Shein

UK halts trade talks with Israel over Gaza offensive

Israel’s Gaza aid plan could lead to ‘war crime’, UN agency chief says

Benjamin Netanyahu says Israel plans to take over all of Gaza

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A warning shot to the Treasuries market

Tue, 20 May 2025 04:00:00 GMT

The US may be stepping back from its role as mediator in the war in Ukraine, and US long-term borrowing costs rose to their highest level since late 2023 on Monday. US drugmaker Regeneron has agreed to buy 23andMe out of bankruptcy, and the EU and the UK have announced a deal to “reset” their relationship at a summit in London.

Mentioned in this podcast:

Trump leaves Russia and Ukraine to settle war in talks

US borrowing costs climb after Moody’s downgrade

23andMe sold out of bankruptcy to Regeneron

UK-EU post-Brexit reset: the key points

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump administration to roll back banking rules

Mon, 19 May 2025 04:00:00 GMT

The UK is holding its first summit with the European Union since Brexit, and US authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in more than a decade. Plus, European leaders are hoping to influence US President Donald Trump ahead of his call with Russian President Vladimir Putin, and China is on its way to becoming the world’s first “electrostate.”

Mentioned in this podcast:

UK and EU reset talks go ‘down to the wire’

Europe races to influence Trump ahead of Putin call

US poised to dial back bank rules imposed in wake of 2008 crisis

How Xi sparked China’s electricity revolution

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s tilt to the left

Sat, 17 May 2025 04:00:00 GMT

Within the space of one week, US President Donald Trump endorsed tax increases for America’s top earners and promised to slash drug prices by up to 70 per cent. It’s a platform that echoes former presidential candidate Bernie Sanders and others on the political left. So why are we hearing it from Trump, and why now? FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar are on the show to discuss.

Subscribe to the new Swamp Notes feed here.

Mentioned in this podcast:

Trump leans left in bid to revive flagging poll numbers

Why ‘Make Hollywood Great Again’ makes sense

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Sonja Hutson and Pierre Nicholson.

CREDIT: clip from Forbes

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Can Bill Ackman create a Berkshire Hathaway rival?

Fri, 16 May 2025 04:00:00 GMT

Japan has signalled it is prepared to hold out for a better deal with US President Donald Trump over trade tariffs, and investor Bill Ackman is trying to create a rival to Berkshire Hathaway. Plus, Poland’s election this weekend is shaping up to be a turning point, not only for domestic politics, but also for the war in Ukraine.

Mentioned in this podcast:

Japan to hold out for better trade deal with US

Can Bill Ackman create a ‘modern-day’ Berkshire Hathaway?

Polish women turn on Donald Tusk over abortion rights

Vladimir Putin and Donald Trump cast shadow over Poland’s election

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Turkey after the PKK

Thu, 15 May 2025 04:00:00 GMT

CoreWeave reported a 420% rise in revenue in its first quarter as a listed company and the furious rally in US assets has caught big investors off guard. Plus, the Kurdistan Workers’ party, the militant group that has been in conflict with the Turkish state for more than 40 years, said it would disband.

Note: This episode has been edited from its original version to remove an incorrect segment.

Mentioned in this podcast:

CoreWeave beats estimates in first results as a listed company

Wall Street’s sudden rebound catches investors ‘offside’

Kurdish militant group PKK says it will disband and end Turkey conflict

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Hosted on Acast. See acast.com/privacy for more information.

UnitedHealth’s big shake-up

Wed, 14 May 2025 04:00:00 GMT

The White House unveiled what it says is $600bn worth of defence and artificial intelligence deals with Saudi Arabia, UnitedHealth Group shares sink to the lowest level in more than four years, and US inflation fell to 2.3 per cent in April. Plus, Nissan plans to axe 15 per cent of its global workforce and almost halve its number of plants.

Mentioned in this podcast:

Donald Trump lauds Saudi Arabia as he unveils AI and defence deals

UnitedHealth chief Andrew Witty steps down as shares plunge

US inflation falls to 2.3% in April as tariff effect looms

Nissan to axe 15% of global workforce and almost halve number of plants

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A sigh of relief on US-China tariffs

Tue, 13 May 2025 04:00:00 GMT

Global stocks surged after the US and China slashed tariffs for 90 days, and Brussels is preparing to use capital controls and tariffs against Russia. Plus, OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation.

Mentioned in this podcast:

Who blinked first? How the US and China broke their trade deadlock

Wall Street stocks soar on US-China tariff reprieve

EU readies capital controls and tariffs to safeguard Russia sanctions

OpenAI negotiates with Microsoft to unlock new funding and future IPO

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Are investors starting to prefer Europe over the US?

Mon, 12 May 2025 04:00:00 GMT

US officials say they made “substantial progress” on trade talks with China, and trade optimism has driven German stocks to record highs. Plus, US President Donald Trump will visit Saudi Arabia, Qatar, and the United Arab Emirates for the first foreign trip of his second term, and the FT’s Christopher Grimes explains why Disney has bounced back amidst a struggling stock price.

Mentioned in this podcast:

Donald Trump seeks bromance and billions as he heads to Gulf

German stocks hit record high as trade optimism buoys markets

US claims ‘substantial progress’ after two days of trade talks with China

Disney plans first Middle East theme park in Abu Dhabi

Today’s FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Katie McMurran and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump takes on higher ed

Sat, 10 May 2025 04:00:00 GMT

Description: US President Donald Trump is in an ongoing standoff with America’s top universities. Harvard lost $2.3bn in federal funding after it refused to comply with the administration’s demands on admissions and diversity, equity and inclusion. Columbia complied with a similar set of demands, but still lost $400mn. The FT’s global education editor Andrew Jack and acting Washington correspondent Myles McCormick join to discuss the issues at hand and why other universities could be next.

Mentioned in this podcast:

Trump to block Harvard from federal grants

Harvard sues Trump administration over funding freeze

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is our acting co-head of audio. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US-UK trade deal

Fri, 09 May 2025 04:00:00 GMT

The US and the UK agreed to a trade deal, and the Bank of England cut interest rates by a quarter point. Plus, we hear from an FTC commissioner who was fired by US President Donald Trump and is challenging his dismissal.

Mentioned in this podcast:

US and UK seal first deal of Trump’s trade war

Robert Prevost becomes first American pope

BoE cuts interest rates by a quarter point to 4.25%

Behind the Money: The FTC commissioner fired by Trump

Audio credit: White House and NBC

The FT News Briefing is produced by Sonja Hutson, Lulu Smyth, Ethan Plotkin, Kasia Broussalian and Marc Filippino. Additional help from Katie McMurran, Michela Tindera, Katya Kumkova, Michael Lello, Peter Barber and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Conflict puts Pakistan’s economy at risk

Thu, 08 May 2025 04:00:00 GMT

The US scraps rule that aimed to limit exports of artificial intelligence chips, Pakistan vowed to retaliate after India launched air strikes against its neighbour, and the Federal Reserve held interest rates steady once again yesterday. Plus, Doordash’s expected acquisition of Deliveroo renewed questions about the UK’s ability to attract and retain listings.

Mentioned in this podcast:

US scraps Biden-era rule that aimed to limit exports of AI chips

Pakistan vows to retaliate after India launches military strikes

Federal Reserve holds rates steady as it balances risks from Donald Trump’s tariffs

DoorDash’s grab for Deliveroo puts brakes on London’s tech hopes

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A rough start for German Chancellor Merz

Wed, 07 May 2025 04:00:00 GMT

India said it had carried out “precision strikes” on “terrorist infrastructure” at nine sites in Pakistan, Friederich Merz suffered a stinging defeat in the German Bundestag before being voted in as chancellor, and Washington and Beijing will this week hold their first trade talks since US President Donald Trump launched a trade war against China. Plus, Argentina is on the cusp of a copper mining boom that might cause problems for the country’s wine industry.

Mentioned in this podcast:

India launches military strikes on Pakistan

Argentina’s wine heartland eyes copper riches

US and China to launch formal trade talks

Chancellor on pause: Bundestag stings Friedrich Merz on day one

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US stocks make full recovery

Tue, 06 May 2025 04:00:00 GMT

OpenAI will remain under the control of the group’s non-profit arm, US stocks have wiped out the steep losses that followed US President Donald Trump’s tariff announcement, and the Bank of England is expected to cut interest rates on Tuesday. Plus, Meta’s AI ambitions face a legal test in one of the first trials over copyright infringement.

Mentioned in this podcast:

OpenAI ditches plan to convert to for-profit business

Meta lawsuit poses first big test of AI copyright battle

Bank of England expected to cut rates as US trade war hits growth

US stocks wipe out steep losses that followed Trump’s ‘liberation day’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Berkshire after Buffett

Mon, 05 May 2025 04:00:00 GMT

The world’s most famous investor says he plans to step down after six decades leading Berkshire Hathaway, and Chinese exporters are turning to third countries to get around 145 per cent US tariffs. Plus, local Nigerian oil companies are starting to replace foreign majors, and Israel calls up reservists to support its expanded operations in Gaza.

Mentioned in this podcast:

Warren Buffett to step down from Berkshire Hathaway after six decades

Chinese exporters ‘wash’ products in third countries to avoid Donald Trump’s tariffs

Israel vows to hit back against Iran and Houthis after airport attack

Credit: CNBC

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The conservative view on tariffs now

Sat, 03 May 2025 04:00:00 GMT

US President Donald Trump has garnered a lot of criticism since he enacted his trade war. But there are people who still defend the tariffs, including Oren Cass, chief economist of the conservative thinktank American Compass. Cass is a contributor to the FT’s opinion pages, and he joins the FT’s US national editor and columnist Edward Luce to discuss why some conservatives still find value in tariffs.

Mentioned in this podcast:

Trump has no idea what he has unleashed

Europe must choose between America and China

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Australia’s voters go to the polls

Fri, 02 May 2025 04:00:00 GMT

Amazon warned of the impact of Donald Trump’s global trade war and issued weaker-than-expected guidance for the second quarter, and Australians head to the polls this weekend caught in the crossfire of the US-China trade war. Plus, European banks had a great first quarter thanks to global market volatility.

Mentioned in this podcast:

Amazon falls after profit forecast misses expectations

Australia: caught between a slowing China and a chaotic US

UBS, Barclays and SocGen reap trading windfall from market turmoil

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Josh Gabert-Doyon, Persis Love Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Honey, I shrunk the economy

Thu, 01 May 2025 04:00:00 GMT

Microsoft posted better than expected quarterly earnings on Wednesday, Spain is trying to figure out what caused a massive power outage, and the Conservatives are bracing for heavy losses in local England elections. Plus, the FT’s Claire Jones explains what we can take away from the latest US GDP reading.

Mentioned in this podcast:

US and Ukraine sign natural resources deal

Microsoft shares jump after software giant’s earnings top forecasts

US economy contracts at 0.3% rate as Trump tariffs prompt import surge

Local elections: Tories braced for losses as England votes in five-party race

How did Spain’s electricity grid collapse?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Japanese investors hope for a corporate shake-up

Wed, 30 Apr 2025 04:00:00 GMT

Donald Trump unveiled more tariff relief for some carmakers, and shares in a number of companies surged in Tokyo after a plan for carmaker Toyota Motor to take one of its subsidiaries private. Plus, Wall Street economists forecast that US GDP shrank in the first quarter, and contrary to some stereotypes, Generation Z is leading the charge back to the office.

Mentioned in this podcast:

Wall Street banks predict GDP contraction after US trade deficit hits record

Donald Trump set to announce new car tariff climbdown in Michigan

Japan shares surge after Toyota spurs hopes for wider corporate shake-up

Gen Z is leading the charge back to the office

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big oil braces for a rough year

Tue, 29 Apr 2025 04:00:59 GMT

The oil industry is bracing for its worst year since the pandemic, and Spain and Portugal are reeling from a massive power outage. Plus, the FT’s Emily Herbert explains why the flight into the Swiss franc is causing a headache for the country’s central bank.

Mentioned in this podcast:

Big Oil braced for worst year since pandemic as bumper profits recede

Spain declares state of emergency in the wake of huge power outage

Swiss franc surge sparks bets on return to negative interest rates

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Flo Phillips, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Hosted on Acast. See acast.com/privacy for more information.

The elusive Ukraine peace deal

Mon, 28 Apr 2025 04:00:00 GMT

Canadians will head to the polls Monday to pick a prime minister, and a new US proposal to end the War in Ukraine would allow Russia to keep some of the territory it’s conquered. Plus, Hungary’s government may be funneling money to friendly news outlets, and major American companies are starting to speak up about Donald Trump’s trade war.

Mentioned in this podcast:

Canadians head to the polls to elect new prime minister

Putin and Trump envoy hold ‘constructive’ meeting, Russian official says

Trump and Zelenskyy hold ‘productive’ discussion at Pope’s funeral

Hungary accused of illegal subsidies for pro-government media

Consumer giants ring warning bells over Donald Trump’s trade war

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s ‘you break it, you buy it’ moment

Sat, 26 Apr 2025 04:00:00 GMT

Just a few weeks ago, US President Donald Trump was ready to levy tariffs on basically every nation. Today, many of those tariffs have been paused or tempered. Additionally, this week he promised he will not be firing Federal Reserve chair Jay Powell, despite his earlier criticism. Should we expect more backstepping from Trump in the face of economic data? And what do the voters think of it all? FT economics editor Sam Fleming joins alongside Jon McHenry, vice-president of the conservative pollster North Star Opinion Research.

Mentioned in this podcast:

Trump claims to have received call from Xi Jinping and to have cut ‘200 deals’ on trade

Donald Trump says he has ‘no intention’ of firing Jay Powell

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US tariffs bite Chinese industry

Fri, 25 Apr 2025 04:00:00 GMT

Apple plans to shift the assembly of all US-sold iPhones to India as soon as next year, factories in China have begun slowing production and furloughing some workers in the aftermath of US tariffs, and Alphabet shares rose after it reported first-quarter profit surged 46 per cent. Plus, the Trump administration wants to stamp out one of America’s enduring financial pastimes: writing paper cheques.

Mentioned in this podcast:

Alphabet shares jump as Google search boosts profits

Apple aims to source all US iPhones from India in pivot from China

A crucial earnings season

Is Trump’s drive to kill the paper cheque a ‘no brainer’?

Chinese factories slow production and send workers home as US tariffs bite

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bessent takes aim at the IMF

Thu, 24 Apr 2025 04:00:00 GMT

Sir Keir Starmer and Ursula von der Leyen will on Thursday finalise plans for a new defence pact, US Treasury secretary Scott Bessent has accused the IMF and World Bank of “mission creep” and Boeing reported lower than expected losses. Plus, Tesla chief executive Elon Musk looks to right the electric-car company by reducing his role in the Trump administration.

Mentioned in this podcast:

UK and EU finalise plans for defence pact

Musk drives Tesla calmly through investors’ red lights

Scott Bessent accuses IMF and World Bank of ‘mission creep’

Boeing prepared to redirect orders destined for Chinese carriers

Credit: Associated Press

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

BP’s race to cut costs

Wed, 23 Apr 2025 04:00:00 GMT

Tesla’s first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals.

Mentioned in this podcast:

Elon Musk to prioritise Tesla over White House role as profits slump

IMF warns of rising US recession risk and defends Fed policy

Vladimir Putin offers to halt Ukraine invasion along current front line

Will going back to basics restore BP’s fortunes?

Donald Trump says he has ‘no intention’ of firing Jay Powell

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Catholic Church after Pope Francis

Tue, 22 Apr 2025 04:00:00 GMT

Wall Street stocks dropped as President Donald Trump attacked Federal Reserve chair Jay Powell, Pope Francis passed away on Monday after leading the Catholic Church for 12 years, and more than half of nearly 1,500 business leaders support a shift to a renewables-based electricity system. Plus, Europe is now seeking to take advantage of China’s electric vehicle manufacturing expertise.

Mentioned in this podcast:

US stocks and dollar sink as Trump renews attacks on Fed chair Powell

Pope Francis dies aged 88

Obituary: Pope Francis, reformer of modern Catholicism, 1936-2025

Europe helped teach China to make cars. Now the tables are turning

Companies make plans to shift to green energy despite Trump-era rollbacks, survey shows

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How tariffs are affecting luxury goods

Mon, 21 Apr 2025 04:00:00 GMT

Luxury goods were supposed to be making a comeback this year. But US President Donald Trump’s trade war has complicated that and things are looking grim for the industry. The FT’s fashion editor Lauren Indvik explains where things stand with LVMH, Prada and others.

Mentioned in this podcast:

Donald Trump’s trade war shatters hopes of 2025 luxury revival

The FT News Briefing is produced by Katya Kumcova, Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Andrew Georgiadis, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Rachman Review: Iran’s nuclear talks could reshape the Middle East

Fri, 18 Apr 2025 23:00:00 GMT

Swamp Notes is taking this weekend off so instead we wanted to share the latest episode from our fellow FT podcast, The Rachman Review.

Nuclear talks between the US and Iran began last weekend in Oman, and are set to continue in the coming weeks. President Trump has warned that if the talks fail the US could take military action against the Islamic republic – an idea that Israel's government is pressing for. In this episode, we unpack what a new nuclear deal with Iran might look like – and how it could change the geopolitical picture in the Middle East.

Free links to read more on this topic:

The false promise of regime change in Iran

US and Iran agree to follow-up talks over nuclear crisis

Is Iran on a collision course with the west?

Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.

Presented by Gideon Rachman. Produced by Mischa Frankl-Duval. Sound design is by Breen Turner.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Japan and the US talk tariffs

Fri, 18 Apr 2025 04:00:00 GMT

China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, and Japan’s chief trade negotiator leaves Washington without an immediate agreement after meeting Donald Trump. The European Central Bank has cut its benchmark interest rate by a quarter-point to 2.25 per cent. Plus, astronomers have found signs of biological activity on a planet 124 light years from Earth.

Mentioned in this podcast:

Astronomers claim strongest evidence yet of extraterrestrial life

Donald Trump weighs in on Japan trade talks but Tokyo team leaves without deal

Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’

ECB cuts rates to 2.25% amid Trump trade war

China stops buying liquefied gas from the US

Audio credit: C-SPAN

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Emerging markets’ surprising performance

Thu, 17 Apr 2025 04:00:00 GMT

Federal Reserve chair Jay Powell is warning that US tariffs are ‘likely’ to put at risk the central bank’s goals of keeping prices and unemployment in check, and chipmakers are reeling from a tough week. Plus, UK inflation fell more than expected to 2.6 per cent in March and the FT’s Aiden Reiter explains why emerging markets are doing surprisingly well in all this market volatility.

Mentioned in this podcast:

Trump tariffs put Fed’s jobs and inflation goals at risk, Powell says

Unhedged: Emerging markets’ unexpected outperformance after “liberation day”

ASML’s chipmaking machine orders disappoint amid tariff uncertainty

UK inflation falls more than expected to 2.6% in March

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

India’s middle-class debt crisis

Wed, 16 Apr 2025 04:00:00 GMT

Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group’s ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India’s middle class is dealing with a debt crisis that could impact the country’s growth ambitions.

Mentioned in this podcast:

Nvidia to take $5.5bn hit as US clamps down on exports of AI chip to China

Risky corporate borrowers shut out of bond market since Trump’s tariff blitz

How India’s middle-class debt crisis is threatening growth

PwC exits 12 countries in push to avoid scandals

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Saffeya Ahmed, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Argentina pulled off its latest IMF deal

Tue, 15 Apr 2025 04:00:00 GMT

Brussels is exploring legal options that would allow European companies to break long-term Russian gas contracts, and Goldman Sachs had a mixed first quarter. Plus, China’s President Xi Jinping is traveling around south-east Asia to make the case that Beijing is open for business, and Argentina just landed a $20bn deal with the IMF.

Mentioned in this podcast:

Xi Jinping warns ‘no winners’ from Trump trade war as he heads to Vietnam

Argentina secures $20bn IMF deal by relaxing currency controls

Goldman Sachs’ chief hopeful Trump will listen to corporate America

EU explores legal options for ending Russian gas deals

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Katya Kumcova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is it glass half-full or half-empty for US banks?

Mon, 14 Apr 2025 04:00:00 GMT

US tariff exemptions on personal electronics may only be temporary, and big banks posted major earnings on Friday despite some economic headwinds. Plus, the European Union and the UK are getting closer to signing a defense pact, and the Trump Administration's pressure on universities could drive students and faculty overseas.

Mentioned in this podcast:

US tech tariff exemption will be temporary, says Lutnick

JPMorgan chief Jamie Dimon warns of ‘considerable turbulence’ in US economy

Warning lights flash for US consumer strength as credit defaults rise

American academics seek exile as Trump attacks universities

AI praise-giving tool promises ‘authentic’ insights

UK and EU close ranks on defence amid Trump turmoil

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Federal Reserve’s tariff dilemma

Sat, 12 Apr 2025 04:00:00 GMT

US President Donald Trump’s global trade war has made a mess for the Federal Reserve. Despite an encouraging US consumer price index report this week, there are major concerns about the inflationary nature of Trump’s tariffs. Meanwhile, the Fed has cut growth forecasts. And if all that wasn’t enough, Trump is breathing down chair Jay Powell’s neck to cut interest rates. The FT’s US economics editor Claire Jones and economics commentator Chris Giles explain why the central bank is caught in a difficult position.

Mentioned in this podcast:

Jay Powell’s tariff dilemma: defend the economy or contain inflation

Alphaville: An emergency rate cut from the Fed?

US inflation falls more than expected to 2.4% in March

Federal Reserve ‘absolutely’ ready to help stabilise market if needed, top official says

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Uncertainty reigns in US markets

Fri, 11 Apr 2025 04:00:00 GMT

US inflation fell more than expected to 2.4 per cent in March, and France’s Renault is one of the few carmakers insulated from Donald Trump’s trade war. Plus, Indonesia is looking to run its colossal new sovereign wealth fund “like a public company”.

Mentioned in this podcast:

US inflation falls more than expected to 2.4% in March

Indonesia’s new sovereign wealth fund vows transparency ‘like a public company’

Renault emerges as winner in Trump tariff chaos

Sky to bring hit US series ‘Saturday Night Live’ to the UK

Credit: NBC

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s tariff reversal

Thu, 10 Apr 2025 04:00:00 GMT

US stocks surged on Wednesday after Donald Trump paused ‘reciprocal’ tariffs for 90 days. Plus, the EU and China are working on a new trade relationship because of the levies. Meanwhile, Apple is looking to boost production in India.

Mentioned in this podcast:

EU calls for ‘negotiated resolution’ with China in face of US tariffs

Apple turns to India to help ease Trump’s China tariffs

US stocks soar as Donald Trump backs down in global trade war

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets might not have hit the bottom yet

Wed, 09 Apr 2025 04:00:00 GMT

Donald Trump is pushing ahead with another 50 per cent tariff on Chinese goods, and there are questions about what will happen to nearly $2tn worth of pledges to invest in the US because of the levies. Plus, the FT’s Katie Martin explains why a selloff in US Treasuries could mean a world of hurt for markets.

Mentioned in this podcast:

Donald Trump to proceed with extra 50% tariff on China as trade war escalates

US tariffs threaten almost $2tn of investment pledges by global companies

Markets could get a lot worse — and quickly

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Companies look for US tariff workarounds

Tue, 08 Apr 2025 04:00:00 GMT

Equities markets continued to adapt to the tariffs unleashed by US President Donald Trump, oil prices hit a four-year low on Monday, and investors are expecting the European Central Bank to make two rate cuts by July. Plus, the FT’s Stephen Foley explains how consultants are advising their clients on limiting the damage from tariffs.

Mentioned in this podcast:

Oil drops further as fears of global recession rise

Companies get creative in finding ways to limit impact of Trump’s tariffs

ECB expected to cut rates in April and June as tariffs threaten recession

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How Italy could decide the EU’s response to tariffs

Mon, 07 Apr 2025 04:00:00 GMT

The UK plans to introduce a lighter regulatory regime for private equity and hedge funds, and Italy may block an EU plan to respond to US President Donald Trump’s tariffs. Plus, popular ‘private browsing’ apps hosted by Apple and Google may violate American sanctions, and the trade war has triggered the biggest sell-off in the US junk bond market since 2020.

Mentioned in this podcast:

Apple and Google app stores host VPNs linked to sanctions-hit Chinese group

Britain to dilute rules for private equity and hedge funds

Meloni under pressure to back EU ‘bazooka’ against Trump tariffs

Tariffs spark US junk bond sell-off as recession risk mounts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The costs of Trump’s tariffs

Sat, 05 Apr 2025 04:00:00 GMT

This week the US imposed new tariffs on most of the world. The FT’s US national editor Ed Luce joins us to analyze why they are baffling economists and worrying markets. Ed’s take? The US is taking itself out of the globalised economic system it built, and the consequences could be grave.

Mentioned in this podcast:

Donald Trump’s beautiful trade war

Trump tracker: US tariffs

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump’s tariffs rattle global markets

Fri, 04 Apr 2025 04:00:00 GMT

US President Donald Trump’s tariffs caused a global market sell-off on Thursday. Now, there are concerns that these levies will push the US into a recession. We speak to the FT’s senior markets correspondent Ian Smith and our economics editor Sam Fleming about the repercussions.

Mentioned in this podcast:

Dollar drops as Donald Trump’s tariffs stoke economic fears

Bling, bags and booze fall victim to Trump’s trade war

Will Donald Trump’s ‘liberation day’ tariffs drag US into recession?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tesla soars on Musk’s potential departure

Thu, 03 Apr 2025 04:00:00 GMT

Donald Trump launched a barrage of new tariffs on trading partners, and Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role. Plus, the FT’s Ben Hall explains what’s next for Marie Le Pen now that France’s far-right leader has received a five-year ban from standing in elections.

Mentioned in this podcast:

Donald Trump escalates global trade war with sweeping tariff blitz

Elon Musk denies role in Trump administration is under pressure

Tesla suffers worst quarter since 2022 as deliveries tumble

French court leaves Marine Le Pen’s political career on the brink

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What Wall Street expects from Trump’s ‘liberation day’

Wed, 02 Apr 2025 04:00:00 GMT

US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok, US President Donald Trump is expected to lay out his sweeping tariffs policy today, and European inflation is down for the second straight month. Plus, Syria’s White Helmets have returned to Damascus as the country tries to rebuild from its brutal civil war.

Mentioned in this podcast:

Andreessen Horowitz in talks to help buy out TikTok’s Chinese owners

What to expect on ‘liberation day’

Eurozone inflation falls for second consecutive month to 2.2%

Syria’s White Helmets return to Damascus

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Elon Musk transforms Wisconsin court race

Tue, 01 Apr 2025 04:00:00 GMT

Google’s artificial intelligence arm DeepMind has been holding back the release of its world-renowned research, and Elon Musk has poured an unprecedented amount of money into a Wisconsin state supreme court race. Plus, Lebanon’s new central bank governor Karim Souaid has been mired in controversy.

Mentioned in this podcast:

DeepMind slows down research releases in battle to keep competitive edge

The people vs Elon Musk: billionaire transforms Wisconsin court contest

Lebanon closes in on next central bank head

Read a transcript of this episode on FT.com

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CoreWeave tests investor appetite for AI

Mon, 31 Mar 2025 04:00:00 GMT

Investors warn that higher bond yields in Germany could make it harder for EU members to increase defence spending, and the tech world’s largest public offering in 18 months fell flat on Friday. China was targeted by a record number of trade disputes at the World Trade Organization last year, and traders in Gaza are charging commissions of 30% on hard currency due to severe shortages.

Mentioned in this podcast:

Germany’s spending push drives up borrowing costs across Eurozone

CoreWeave treads water in market debut after downsized IPO

China’s export boom sparks record number of WTO disputes

The money menders of Gaza

Isar declares rocket launch a success despite crash on first attempt to reach orbit

Credit: Isar Aerospace

Read a transcript of this episode on FT.com

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Swamp Notes: How Medicaid cuts could shake up Maga

Sat, 29 Mar 2025 04:00:00 GMT

As Congress works through President Donald Trump’s recent budget, one of the likeliest cuts on the chopping block is Medicaid. The government health insurance programme is used by one in five Americans, including many voters who make up Trump’s Maga base. So could cuts to Medicaid actually threaten Trump’s hold on Republicans? Washington bureau chief James Politi and US politics and society correspondent Guy Chazan are on to discuss if a showdown is coming between the party’s fiscal hawks and those who’d like to preserve social welfare programmes.

Mentioned in this podcast:

The big government spending Maga voters can’t live without

US House passes budget resolution to cut taxes and spending by trillions

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China gives IPOs the green light

Fri, 28 Mar 2025 05:00:00 GMT

US President Donald Trump’s auto tariffs hit carmaker shares and Chinese financial authorities have told some companies they can start launching mainland initial public offerings. Plus, protesters in Turkey are worried about the future of their democracy.

Mentioned in this podcast:

China opens path to revival in A-share listings

Donald Trump’s tariffs throw car industry into turmoil

Turkish protesters rise up against Recep Tayyip Erdoğan

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Rolls-Royce flies high

Thu, 27 Mar 2025 07:23:39 GMT

The US will impose tariffs of 25 per cent on imports of foreign-made autos and Piyush Gupta will step down after 16 years as chief executive at Singapore’s DBS bank. UK inflation unexpectedly fell to 2.8 per cent in February, and Rolls-Royce has seen its share price skyrocket since 2023, in large part due to chief executive Tufan Erginbilgiç.

Mentioned in this podcast:

Donald Trump to impose 25% tariff on US auto imports

DBS and Jack Ma: how a meeting helped change the history of Singapore’s biggest bank

Turning round Rolls-Royce: ‘If you don’t score quickly, you lose people’

UK inflation slows more than expected to 2.8%

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Spring Statement highlights tough UK economy

Wed, 26 Mar 2025 05:00:00 GMT

Beijing has introduced environmental restrictions that would prevent Chinese companies from buying Nvidia’s bestselling processors, UK chancellor Rachel Reeves will update the country on Wednesday on the latest economic growth forecasts, and Shell has said it will cut costs and spending, especially in clean energy. Plus, individual investors have pumped almost $70bn into US stocks this year even as professional money managers are slashing their exposure.

Mentioned in this podcast:

Nvidia’s China sales face looming threat from Beijing environmental curbs

What will be in Rachel Reeves’ Spring Statement?

Shell slashes costs in ‘relentless’ drive to close valuation gap with US rivals

Retail traders plough $67bn into US stocks while investment giants flee

Read a transcript of this episode on FT.com

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Are Musk’s ties jeopardising Starlink?

Tue, 25 Mar 2025 05:00:00 GMT

Sources tell the FT that China is considering including services in a multibillion-dollar subsidy programme to stimulate consumption, software giant SAP has become Europe’s most valuable company, and BYD’s annual sales have topped $100bn for the first time. Plus, Elon Musk’s Starlink is set to cement its dominance this year, but his ties to US President Donald Trump are shifting from an asset to a liability.

Mentioned in this podcast:

China explores services subsidy to boost weak domestic demand

SAP leapfrogs Novo Nordisk to become Europe’s most valuable company

BYD’s annual sales top $100bn for first time

Starlink’s rapid global rollout complicated by Elon Musk’s ties to Donald Trump

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Foreign investors feel the pinch of US stock slump

Mon, 24 Mar 2025 05:00:00 GMT

Canada’s new prime minister calls snap elections, European investors in US equities have been dealt a double blow, and carmakers try to get ahead of US President Donald Trump’s new tariffs. Plus, a group of top tennis players has accused the game’s governing bodies of trapping them in an unfair system.

Mentioned in this podcast:

Mark Carney calls snap election for Canada citing ‘crisis’ caused by Trump

Dollar slump magnifies stock market pain for foreign investors

Carmakers rush to ship vehicles to US ahead of new round of April tariffs

Tennis stars accuse governing bodies of ‘cartel’ to deny them more prize money

UK comic book makers join forces as AI copycat battle awaits

Credit: CBC News

Read a transcript of this episode on FT.com

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Swamp Notes: Why Democrats can’t get their act together

Sat, 22 Mar 2025 04:00:00 GMT

As US President Donald Trump dismantles agencies and challenges institutions across the federal government, Democrats still can’t decide how to oppose him. The FT’s global business columnist Rana Foroohar and Washington reporter Steff Chavez join this week’s Swamp Notes podcast to discuss why Democrats’ inability to pick a strategy can prove costly.

Mentioned in this podcast:

The Democrats must make a choice

Top Senate Democrat to back Republican bill to avert government shutdown

Swamp Notes is produced by Katya Kumkova, Sonja Hutson and Ethan Plotkin. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

CREDIT: YouTube/Forbes Breaking News, YouTube/NBC News

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK races to avoid Trump tariffs

Fri, 21 Mar 2025 05:00:00 GMT

European countries are considering how to take on greater responsibilities for the continent’s defence, the UK and the US are negotiating a trade deal to avoid tariffs, and has the Federal Reserve stopped leading the way on global monetary policy?

Mentioned in this podcast:

European military powers work on 5-10 year plan to replace US in Nato

UK races to avoid worst of Trump tariffs with talks on tech tax

What’s at stake in the US-UK trade talks?

Newsletter: Chris Giles on Central Banks

Read a transcript of this episode on FT.com

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Does the Olympic business model still work?

Thu, 20 Mar 2025 05:00:00 GMT

The Federal Reserve is still in wait-and-see mode, a handful of technology start-ups are expected to go public next month, and Turkish police have detained the main political challenger to President Recep Tayyip Erdoğan. Plus, the campaign for International Olympic Committee president has shone a harsh light on the organization’s business model.

Mentioned in this podcast:

Federal Reserve cuts US growth forecast as Trump’s policies weigh on outlook

Tech groups boost IPO revival hopes despite market tumult

Turkish police detain Erdoğan’s main political rival

Does the Olympic business model still work?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Boeing struggles in the final frontier

Wed, 19 Mar 2025 05:00:00 GMT

Vladimir Putin has ordered Russia’s military to refrain from striking Ukrainian energy infrastructure for 30 days, and the Israel-Hamas ceasefire was broken after Israeli strikes killed more than 400 people on Tuesday. Boeing’s rescue mission highlights the company’s struggles in space. Plus, Germany’s parliament approves Friedrich Merz’s plans to boost defence spending.

Mentioned in this podcast:

Putin agrees 30-day halt to strikes on Ukrainian energy infrastructure in call with Trump

Israel strikes kill more than 400 as Gaza ceasefire breaks down

Stranded astronauts’ rescue mission lays bare Boeing’s struggles in space

Germany’s parliament approves Friedrich Merz’s 1tn spending plan

Read a transcript of this episode on FT.com

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Jack Ma’s AI comeback

Tue, 18 Mar 2025 05:00:00 GMT

Vladimir Putin has allowed a group of western asset managers and hedge funds to offload Russian securities left in limbo by Moscow’s invasion of Ukraine, an FT analysis found that US listings often fail to boost companies’ valuations, and the Financial Conduct Authority is to ban Crispin Odey from the financial services industry. Plus, tech giant Jack Ma used artificial intelligence to fuel a major turnaround at Alibaba.

Mentioned in this podcast:

Putin lets western investors sell some Russian shares ahead of Trump talks

US listings often fail to boost European companies’ valuations

FCA to ban Crispin Odey from financial services industry

How Jack Ma’s pivot to AI rehabilitated Alibaba

Read a transcript of this episode on FT.com

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Saudi Arabia puts outside consultants on notice

Mon, 17 Mar 2025 05:00:00 GMT

HSBC and UBS are expanding their wealth management arms in India, and the consulting boom in Saudi Arabia is slowing down. Plus, global gold prices have soared on fears that President Donald Trump could impose tariffs on gold imports, and US retailers are preparing for fewer sales in 2025.

Mentioned in this podcast:

HSBC and UBS expand India wealth management arms after IPO boom

Gold hits $3,000 for first time on global growth fears

From London to New York via Switzerland: the booming trade in gold bars

End of ‘blank cheque’ era for outside consultants in Saudi Arabia

South Korea’s academic race pushes half of under-6s into ‘cram’ schools

US shoppers tighten their belts as economic outlook concerns mount

Read a transcript of this episode on FT.com

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Swamp Notes: Why Trump may want a weaker dollar

Sat, 15 Mar 2025 04:00:00 GMT

This week, the value of the American dollar continued to decline. The plunge has been attributed to market volatility over President Donald Trump’s on-again, off-again tariffs. But there are some on Trump’s economic team who have floated wanting to weaken the dollar intentionally. FT economics columnist Gillian Tett and Unhedged host Katie Martin join to discuss why the chaos that’s keeping investors worried may be a feature, not a bug.

Mentioned in this podcast:

Unhedged Podcast

What a Mar-a-Lago accord could look like

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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Modi’s tariff tap dance with Trump

Fri, 14 Mar 2025 05:00:00 GMT

Russian President Vladimir Putin has indicated Moscow is unwilling to drop its maximalist demands over any deal to halt the fighting in Ukraine, and Intel’s new chief executive has made investors excited. Plus, India’s Prime Minister Narendra Modi is in a tough spot over how he handles tariffs from the US.

Mentioned in this podcast:

Putin voices doubts over US proposal for Ukraine ceasefire

Intel shares soar after troubled chipmaker appoints Lip-Bu Tan as CEO

‘Whatever you charge, I’m charging’: Donald Trump forces India’s hand on tariffs

Read a transcript of this episode on FT.com

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Lights out at Northvolt

Thu, 13 Mar 2025 05:00:00 GMT

Elon Musk’s efficiency drive failed to prevent US federal spending rising to a record $603bn in February, European battery maker Northvolt has filed for bankruptcy in Sweden, and US inflation fell to 2.8% last month. Plus, China’s plan to revive Africa’s ‘freedom railway’ showcases Beijing’s leaner approach to overseas aid.

Mentioned in this podcast:

Elon Musk’s cuts fail to stop US federal spending hitting new record

Northvolt files for bankruptcy in Sweden

US inflation fell more than expected to 2.8% in February

The railway that China hopes will take on the US in Africa

Saudi-owned Scopely buys Pokemon Go in $3.5bn gaming deal

For more on Northvolt, listen to the FT’s Behind The Money deepdive here, or search wherever you get your podcasts.

Read a transcript of this episode on FT.com

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Nissan pushes CEO out

Wed, 12 Mar 2025 05:00:00 GMT

The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans.

Mentioned in this podcast:

Ukraine says it is willing to accept 30-day US-brokered ceasefire

Wall Street sell-off pulls S&P 500 into correction territory

Nissan pushes out chief Makoto Uchida after collapse of Honda merger talks

Big banks play catch-up with fintech start-ups in deferred payments

Leavitt clip: C-SPAN

Read a transcript of this episode on FT.com

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Is this dotcom bust 2.0?

Tue, 11 Mar 2025 05:00:00 GMT

Wall Street stocks fell on Monday, and Pimco has recorded a 17% paper profit on its portion of a £3bn emergency loan that it and others are set to provide to ailing utility Thames Water. Plus, hundreds of people have been killed in Syria after clashes between pro-government and pro-Assad forces escalated into sectarian violence.

Mentioned in this podcast:

Wall Street stocks tumble as investors fret over US economic slowdown

Is this dotcom bust 2.0?

US condemns Syria violence after hundreds killed in sectarian clashes

Pimco books 17% instant profit on Thames Water emergency loan

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Trump nominee uniting Democrats and Republicans

Mon, 10 Mar 2025 05:00:00 GMT

Canada’s Liberal party selects a new leader, and US President Donald Trump’s nominee to lead the Justice Department’s antitrust division is turning heads on Wall Street. Plus, US startups are raising more money than at any point since 2021, and why a gold boom in Ghana is driving up global chocolate prices.

Mentioned in this podcast:

Mark Carney to replace Justin Trudeau as Canada’s prime minister

Trump nominee unites right and left with tough antitrust view

The illegal gold miners driving up global chocolate prices

AI frenzy leads US venture capital to biggest splurge in three years

Bridgestone and Michelin test advances in puncture-free tyres

Credit CBC

Read a transcript of this episode on FT.com

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Swamp Notes: Trump’s transatlantic divorce

Sat, 08 Mar 2025 04:57:30 GMT

European leaders met twice this week to discuss a plan to protect Ukraine — without US leadership. The rift between Brussels and Washington has grown as US president Donald Trump paused military aid to Ukraine and stopped intelligence sharing. As Germany and the EU discuss a new set of defence stimulus plans, special guest Gideon Rachman, the FT’s chief foreign policy commentator, is on to discuss possible outcomes.

Mentioned in this podcast:

Rachman Review podcast

Trump is sowing the seeds of an anti-American alliance

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tariff uncertainty continues market volatility

Fri, 07 Mar 2025 05:00:00 GMT

Donald Trump’s crypto project made at least $350mn from the launch of his memecoin, and FT markets columnist Katie Martin unpacks the week in markets. The European Central Bank cut interest rates to 2.5 per cent yesterday, plus EU leaders held an emergency summit to talk about defence spending and support for Ukraine.

Mentioned in this podcast:

Donald Trump’s crypto project netted $350mn from presidential memecoin

ECB cuts interest rate to 2.5%

US stocks struggle as ‘America First’ bets backfire

Global bond sell-off deepens as Germany jolts markets

Read a transcript of this episode on FT.com

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The Trump bump on Canadian politics

Thu, 06 Mar 2025 05:00:00 GMT

US President Donald Trump has handed carmakers a one-month reprieve on tariffs on imports from Mexico and Canada, and we look at how a few billionaire elites struck a multibillion-dollar port deal within weeks. German borrowing costs surged by the most in 28 years on Wednesday, and the Liberal party in Canada will hold a leadership vote this weekend to replace Prime Minister Justin Trudeau.

Mentioned in this podcast:

Donald Trump hands carmakers one-month reprieve from tariffs

German borrowing costs soar by most since 1997 on ‘historic’ debt deal

Donald Trump revives Canada’s Liberals in electoral turnaround

The billionaire elite who answered Donald Trump’s call on Panama Canal

Read a transcript of this episode on FT.com

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Taiwan looks to play nice with Trump

Wed, 05 Mar 2025 05:00:00 GMT

Volodymyr Zelenskyy said Ukraine was “ready to come to the negotiating table as soon as possible”, Taiwan is trying to get on US President Donald Trump’s good side, and private equity assets under management fell last year for the first time in decades. Plus, businesses are snapping up the wind and solar farms that governments are no longer backing.

Mentioned in this podcast:

Big businesses step up to buy energy from new wind and solar farms

‘Chips on the table’: Taiwan pushes for closer US ties as China threat looms

Volodymyr Zelenskyy says Ukraine ‘ready’ to talk peace in bid to placate Donald Trump

Private equity industry shrinks for the first time in decades

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US defence stocks get left behind

Tue, 04 Mar 2025 05:00:00 GMT

The US is suspending military aid to Ukraine, Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade war, and Eurozone inflation has fallen for the first time in four months to 2.4 per cent. Plus, US defence stocks are being left behind.

Mentioned in this podcast:

US suspends military aid to Ukraine

How Donald Trump’s tariffs threaten an iconic US pick-up truck

Eurozone inflation falls to 2.4% as underlying price pressures ease

European defence shares jump as blistering rally gathers pace

US defence groups miss out on global stock rally amid Trump’s Pentagon cuts

Credit: @ChevyPH

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Europe takes the lead on Ukraine peace deal

Mon, 03 Mar 2025 05:00:00 GMT

Cryptocurrencies surged on Sunday after a surprise announcement from US President Donald Trump, and European leaders gathered in London to shore up support for Kyiv. Plus, Deutsche Bank clashed with the European Central Bank throughout 2024 over concerns about its risk management, and high interest rates and uncertainty over immigration policy are discouraging US homeowners from renovating properties.

Correction: We incorrectly said in this episode that by the end of 2024, Deutsche had earmarked more than €5.5bn for potential losses. We should have said that during 2024, Deutsche earmarked €1.8bn for potential losses. We apologise for this error.

Mentioned in this podcast:

Crypto prices jump as Trump says US strategic reserve to include lesser-traded tokens

Deutsche Bank clashed with ECB over bad loan losses

UK and France aim for new Ukraine peace deal after White House fracas

Americans delay home improvements in latest blow to US housing market

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump vs the press

Sat, 01 Mar 2025 05:00:00 GMT

This week, the White House said it would pick which reporters would get access to Donald Trump. Meanwhile, the US president has sued several press outlets for what he considers unfair coverage. Can the media do its job in this political landscape? The FT’s Washington bureau chief James Politi and Los Angeles bureau chief Chris Grimes examine the media climate.

Mentioned in this podcast:

White House to choose which reporters get close access to Donald Trump

Donald Trump vs the media: US president wages war on the fourth estate

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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Trump greets Starmer at White House

Fri, 28 Feb 2025 05:00:00 GMT

US President Donald Trump has said his administration is working on a trade deal with the UK, Santander’s incoming chief accounting officer is under criminal investigation in Brazil, and the pound is rebounding. Plus, DeepSeek’s advances have sparked a nationwide push in China to deploy its large language models everywhere from hospitals to local governments. Audio credit: The Independent

Mentioned in this podcast:

Trump says US is working on trade deal with the UK

Sterling outshines rivals on stronger economic data

DeepSeek spreads across China with Beijing’s backing

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The medical bills hurting China’s economy

Thu, 27 Feb 2025 05:00:00 GMT

Nvidia’s revenues soared in the quarter to the end of January as demand for its AI-focused chips boomed, healthcare costs are dragging down the Chinese economy, and BP is turning its main focus back to fossil fuels. Plus, America’s investors are putting money in English football’s lower leagues.

Mentioned in this podcast:

Nvidia revenues jump almost 80% on booming AI chip sales

Why ‘catastrophic’ medical bills are hurting China’s economy

BP pivots back to oil and gas after ‘misplaced’ faith in green energy

Wealthy overseas owners drive record spend in English football’s lower leagues

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Unilever’s CEO gets the boot

Wed, 26 Feb 2025 05:00:00 GMT

Kyiv has agreed terms with Washington on a minerals deal, and finance ministers from many of the world’s largest economies are poised to skip Group of 20 meetings in South Africa this week. Plus, Unilever is replacing its chief executive and the FT’s Hannah Murphy explains why Silicon Valley is veering to the conservative right.

Mentioned in this podcast:

Unilever ousts chief Hein Schumacher after less than two years

Tech titans stand with Donald Trump to kill off activism in Silicon Valley

Ukraine agrees minerals deal with US

Top finance ministers snub G20 as global co-operation comes under strain

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katyha Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Germany’s debt brake problem

Tue, 25 Feb 2025 05:00:34 GMT

The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.

Mentioned in this podcast:

Europe and US clash over Ukraine in G7 and UN

Debt and defence worries for Friedrich Merz after AfD and far left make gains

Apple announces plans to create 20,000 US jobs in pitch to Donald Trump

ADM pledges to stick to climate goals as Donald Trump divides corporate world

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

German voters shift to the right in Sunday’s elections

Mon, 24 Feb 2025 05:00:00 GMT

The center-right Christian Democrats won the most votes in Germany’s election, and the US stock market had its worst day in two months on Friday. Britain and India will relaunch talks on a long-awaited trade deal, plus, China’s holdings of US Treasuries have fallen to their lowest level since 2009.

Mentioned in this podcast:

Friedrich Merz set to become Germany’s next chancellor, exit polls say

US stocks post worst slide in two months on gloomy economic data

China’s holdings of US Treasuries fall to lowest level since 2009

UK and India relaunch trade talks in bid to boost investment opportunities

Decaffeinated Brazilians blame Lula for surging cost of morning brew

Credit: @casaljb_brasil/Instagram

Read a transcript of this episode on FT.com

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Swamp Notes: Trump tries to bring watchdogs to heel

Sat, 22 Feb 2025 05:00:00 GMT

US President Donald Trump’s executive order this week seeks to “rein in” independent federal agencies by requiring them to submit draft regulations for review. The FT’s US managing editor Brooke Masters and our legal and enforcement correspondent Stefania Palma discuss what the new measures mean for the business community.

Mentioned in this podcast:

Trump makes push for control of independent US regulators

US dealmaking suffers worst start to a year in a decade amid Trump volatility

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Defending Europe without the US

Fri, 21 Feb 2025 05:00:00 GMT

Investors are urging the EU to make sweeping reforms to its debt securitisation market, Walmart has staged a major comeback, and Chinese ecommerce giant Alibaba reported its fastest revenue growth in more than a year. Plus, the FT’s John Paul Rathbone explains how Europe could defend itself should Donald Trump pull US military assets.

Mentioned in this podcast:

Investors call for shake-up of Europe’s ‘failed’ securitisation market

How Europe can defend itself without US help

How a resurgent Walmart saw off the Amazon threat

Walmart points to ‘uncertain time’ with warning of weaker sales growth

Alibaba to ‘aggressively’ invest in AI over next three years

Subscription promo: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Manufacturing on the ballot in Germany

Thu, 20 Feb 2025 05:00:00 GMT

KKR has submitted a preliminary bid to take a majority stake in Thames Water, and HSBC set out its cost cuts in its annual earnings report yesterday. UK inflation hit a 10-month high. Plus, Germany has lost half a million manufacturing jobs since 2020.

Mentioned in this podcast:

German manufacturing job losses deepen fears over industrial decline

UK inflation rises to 10-month high of 3% in January

HSBC sets out scale of cost cuts under chief executive’s restructuring plan

KKR submits £4bn bid to take majority stake in Thames Water

Subscription promo: ft.com/briefingsale

Read a transcript of this episode on FT.com

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Why Trump wants Ukraine’s minerals

Wed, 19 Feb 2025 05:00:00 GMT

The US and Russia have agreed to ‘lay the groundwork for future co-operation’ on ending the Ukraine war, and US president Donald Trump has his eyes on Ukrainian mineral deposits. Plus, developers of small modular nuclear reactors have raised at least $1.5bn in funding over the past year thanks to AI data centers.

Mentioned in this podcast:

US and Russia agree to ‘lay the groundwork’ for ending Ukraine war

The Ukrainian mineral riches in Donald Trump’s sights

Big Tech’s AI ambitions deliver funding boost to nuclear reactor race

Subscription promo: ft.com/briefingsale

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China pumps the brakes on Tesla’s autonomous cars

Tue, 18 Feb 2025 05:00:00 GMT

Tesla risks being caught up in the China-US trade war, while US officials head to Saudi Arabia to start peace talks over Ukraine. Indonesia reaches “Opec status” as it dominates the global nickel trade. Plus, the US-India deal signals a bonanza for US gas imports.

Mentioned in this podcast:

Tesla braces for delay to China licence as Trump trade tensions mount

The ‘Opec’ of nickel: Indonesia’s control of a critical metal

European countries clash over sending troops to Ukraine

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This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Say hello to the Magnificent 47

Mon, 17 Feb 2025 05:00:00 GMT

French President Macron holds an emergency meeting in Paris with Ukraine’s allies, and a stock index featuring Europe’s largest banks is outpacing the United States’ Magnificent Seven tech giants. Plus, the activist hedge fund Elliot Management is on a mission to rejuvenate British Petroleum.

Mentioned in this podcast:

Europe scrambles to respond as US and Russia prepare for Ukraine peace talks

Hedge fund Elliott shakes BP from its strategic slump

Magnificent 7? Try the Magnificent 47 for size

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Read a transcript of this episode on FT.com

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Swamp Notes: Trump ices Europe out of Ukraine peace plan

Sat, 15 Feb 2025 05:00:00 GMT

Ukraine is dominating discussions at this year’s Munich Security Conference after a call between Donald Trump and Russia’s Vladimir Putin, which ended with the US president declaring that peace talks will start “immediately”. The FT’s Moscow bureau chief Max Seddon is on to discuss, alongside Keir Giles, author of the recent book Who Will Defend Europe?

Mentioned in this podcast:

Donald Trump opens the door to Vladimir Putin’s grandest ambitions

EU to ease fiscal rules to boost defense spending

How will Europe defend itself?

Swamp Notes is produced by Marc Filippino and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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Has meme-stock kid Robinhood grown up?

Fri, 14 Feb 2025 05:00:00 GMT

Arm plans to launch its own chip this year, and Shein’s IPO will likely be delayed after US President Donald Trump’s crackdown on tariff-free imports. Plus, Robinhood has evolved from an app that sprayed digital confetti when customers made their first trade to one that aims to serve as a broader financial services platform.

Mentioned in this podcast:

Arm secures Meta as first customer for ambitious new chip project

Shein IPO plans hit by Trump’s low-cost parcels crackdown

Has meme-stock kid Robinhood finally come of age?

Read a transcript of this episode on FT.com

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Trump excludes Europe from Ukraine peace talks

Thu, 13 Feb 2025 05:00:00 GMT

European officials are worried about being cut out of a US-Russia peace deal on Ukraine, and US inflation ticked up in January. Plus, China’s leading producer of memory chips is rapidly gaining global market share at the expense of South Korean competitors.

Mentioned in this podcast:

Europe blindsided by Trump on Ukraine peace talks with Russia

US inflation unexpectedly increases to 3% in January

Chinese chip champion’s ‘snowballing’ growth threatens Korean dominance

Read a transcript of this episode on FT.com

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Elon Musk gatecrashes OpenAI restructuring

Wed, 12 Feb 2025 05:00:00 GMT

Hong Kong tech stocks are flying high, Elon Musk’s nearly $100bn bid for OpenAI comes with a ton of baggage, and the EU says it will retaliate against US tariffs on European steel and aluminium exports. Plus, Sudan’s army is close to its biggest victory in a brutal two-year civil war.

Mentioned in this podcast:

China’s tech stocks enter bull market after DeepSeek

World’s largest EV battery maker files for Hong Kong listing

Elon Musk gatecrashes OpenAI restructuring

Elon Musk-led consortium offers $100bn to take control of OpenAI

EU to retaliate against US steel and aluminium tariffs

Sudan army nears biggest victory of civil war with assault on capital

Read a transcript of this episode on FT.com

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Hizbollah’s murky path forward

Tue, 11 Feb 2025 05:00:00 GMT

More than 60 partners have left PwC China after a ban over its audit of failed property developer Evergrande, the FT’s Andy Bounds explains what we can learn from Donald Trump’s 2018 steel tariffs, and Hamas said it is postponing the next release of hostages. Plus, Hizbollah is weaker than it’s ever been, and it needs the support of its constituency to rebuild.

Mentioned in this podcast:

PwC China loses 66 partners in wake of ban over Evergrande audit

What happened when Donald Trump imposed steel tariffs in 2018

Donald Trump to impose 25% tariffs on steel and aluminium imports

Hamas says it is postponing next hostage release

How Hizbollah is using cash and WhatsApp groups to shore up power

Read a transcript of this episode on FT.com

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US dealmaking slides in 2025

Mon, 10 Feb 2025 05:00:00 GMT

China has imposed retaliatory tariffs on about $14bn of US goods, and US dealmaking has suffered its worst start to a year in a decade. French President Emmanuel Macron has announced €109bn worth of investments in artificial intelligence in France over the coming years, while software company MicroStrategy is inspiring other companies to buy bitcoin and hold it in their corporate treasuries

Mentioned in this podcast:

China imposes retaliatory tariffs on $14bn worth of US goods

US dealmaking suffers worst start to a year in a decade amid Trump volatility

The MicroStrategy copycats: companies turn to bitcoin to boost share price

Macron unveils plans for €109bn of AI investment in France

Read a transcript of this episode on FT.com

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Swamp Notes: How far can Doge go?

Sat, 08 Feb 2025 05:00:00 GMT

Elon Musk’s Department of Government Efficiency, or Doge, dominated the headlines this week as agency members gained access to sensitive data at the Treasury department. FT Washington reporters Joe Miller and Alex Rogers help us make sense of Doge and why the courts are getting involved.

Mentioned in this podcast:

Can anyone stop Elon Musk’s hostile takeover of the US government?

Elon Musk barred from accessing US Treasury payments data

Swamp Notes is produced by Marc Filippino, Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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How to trade the trade war

Fri, 07 Feb 2025 05:00:00 GMT

Amazon shares fell after a weaker than expected outlook for the first quarter, and investors are figuring out how to trade in the trade war. Plus, The Bank of England cut interest rates by a quarter-point, and a long simmering conflict between the Democratic Republic of Congo and a Rwanda-backed rebel group is threatening to destabilize the region.

Mentioned in this podcast:

How to trade the trade war

Stock vigilantes might have to work harder to tame Trump

Bank of England halves growth forecast and cuts rates to 4.5%

Rwanda’s stealth occupation of eastern Congo

Read a transcript of this episode on FT.com

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EU pushes ahead with sprawling AI regulation

Thu, 06 Feb 2025 05:00:00 GMT

US allies across Europe and the Middle East have condemned Donald Trump’s plans to “take over” Gaza, the US cracks down on a trade loophole, and Disney’s earnings shot up 27% in its financial first quarter. Plus, the EU is pushing ahead with enforcing its artificial intelligence regulations despite warnings from Trump.

Mentioned in this podcast:

Middle East and Europe condemn Donald Trump’s plans to take over Gaza

Trump’s crackdown on trade loophole to hit Shein and Temu — and help Amazon

Disney boosted by strong showing at holiday box office

EU pushes ahead with enforcing AI Act despite Donald Trump warnings

Read a transcript of this episode on FT.com

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US companies endure tariff whiplash

Wed, 05 Feb 2025 05:00:00 GMT

Alphabet’s cloud services missed growth expectations last quarter, American companies are scrambling to protect their supply chains in the face of all the back and forth on tariffs, and China is hitting back at the US for imposing new levies. Plus, India is set for a blockbuster IPO year – even as the economy weakens.

Mentioned in this podcast:

Google parent Alphabet slides after sales miss Wall Street estimates

China targets Google, Nvidia and Intel as Trump tariffs bite

China hits back with limited response to Donald Trump’s tariffs

India set for blockbuster IPO year despite slowing economic growth

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Commercial real estate crawls back

Tue, 04 Feb 2025 05:00:00 GMT

US president Donald Trump’s tariffs on Mexico and Canada are paused for now, commercial property investment is starting to recover from a two-year slump, and Eurozone inflation unexpectedly ticked up in January. Plus, the French AI company Mistral was supposed to be Europe’s answer to US Big Tech dominance, but it’s struggling to gain traction.

Mentioned in this podcast:

US to pause tariffs on Canada for 30 days after Trudeau and Trump agree deal

Investors choose flats and hotels over offices as property deals return

Eurozone inflation rises to 2.5% in January

Has Europe’s great hope for AI missed its moment?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Trump trade war begins

Mon, 03 Feb 2025 05:00:00 GMT

Donald Trump hit Canada, Mexico and China with steep tariffs on Saturday, and oil and gas groups are relying more heavily on carbon offsets to reach climate targets. Plus, EU governments are exploring ways to include the UK and Norway in a “coalition of the willing” dedicated to ramping up the continent’s defence.

Mentioned in this podcast:

‘A trade war on steroids’: Trump ushers in new age of US protectionism

Trump tariffs spark panic and anger in Canada and Mexico

EU opens door to UK and Norway for defence ‘coalition of willing’

Shell dominates carbon credit market as clean energy spending scaled back

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump redefines America’s global role

Sat, 01 Feb 2025 05:00:00 GMT

American foreign aid supports everything from arms sales to HIV treatment. But this week, with the stroke of a pen, Donald Trump suspended nearly all of that aid for 90 days. The FT’s Africa editor David Pilling and US defence and security correspondent Felicia Schwartz join this week’s Swamp Notes to discuss how Trump is rapidly redefining America’s role on the world stage.

Mentioned in this podcast:

Donald Trump’s foreign aid freeze sparks global funding crisis

US officials push to exempt Ukraine from Rubio’s foreign aid freeze

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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SoftBank wants a piece of the AI pie

Fri, 31 Jan 2025 05:00:00 GMT

Apple revealed quarterly results that slightly exceeded Wall Street expectations, SoftBank is in talks to invest as much as $25bn into OpenAI, and the European Central Bank cut interest rates as it warned about headwinds to the bloc’s economy. Plus, there are concerns that China’s hukou system creates second-class citizens and holds back consumption in urban areas.

Mentioned in this podcast:

Apple results top estimates even as iPhone sales stall

SoftBank in talks to invest up to $25bn in OpenAI

ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%

How a Mao-era system creates second-class citizens in modern China

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Fed ignores Trump’s calls to cut rates

Thu, 30 Jan 2025 05:00:00 GMT

Big Tech earnings season is in full swing, the US Federal Reserve held interest rates steady despite pressure from President Donald Trump, and Syria’s new government pressed Moscow about reparations. Plus, activist short-selling is on the decline.

Mentioned in this podcast:

Meta’s bumper results tempered by revenue outlook

Federal Reserve keeps US interest rates on hold

Syria asks Russia for reparations

Last men standing: the short sellers who remain after Hindenburg’s exit

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Inside the Trump tariff debate

Wed, 29 Jan 2025 05:00:00 GMT

Advances in artificial intelligence by Chinese start-up DeepSeek caused a frantic sell-off of energy and infrastructure shares, and Donald Trump’s Treasury secretary is pushing for new universal tariffs to start at 2.5 per cent. A study finds that ETFs make the market more efficient, and Boeing reports its second-biggest annual loss.

Mentioned in this podcast:

DeepSeek-driven sell-off puts power demands of AI in doubt, says IEA

Scott Bessent pushes gradual 2.5% universal tariffs plan

ETFs increase efficiency of the market, new study shows

Boeing reports second-biggest annual loss after tough 2024

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Read a transcript of this episode on FT.com

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China’s DeepSeek AI triggers tech sell-off

Tue, 28 Jan 2025 05:00:00 GMT

US tech stocks tumbled after advances by Chinese start-up DeepSeek ignited worries over whether America could sustain its lead in artificial intelligence. Latin American leaders will hold an emergency summit to respond to President Donald Trump’s mass deportations of migrants, and Starbucks is cracking down on non-customer access to its stores.

Mentioned in this podcast:

Advances by China’s DeepSeek sow doubts about AI spending

Tech stocks slump as China’s DeepSeek stokes fears over AI spending

‘Back to 1897’: Latin America scrambles to respond to Donald Trump’s aggression

Starbucks cracks down on freeloaders to reverse sales decline

Tech Tonic

ft.com/briefingsale

Read a transcript of this episode on FT.com

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Can US oil afford to ‘drill, baby, drill’?

Mon, 27 Jan 2025 05:00:00 GMT

Pressure is piling on the European Union to cut back its sustainability agenda, Wall Street may thwart President Donald Trump’s call for a new oil boom, and the US president unleashes retaliatory tariffs against Colombia. Plus, Microsoft’s stake in OpenAI is complicating the start-up’s path to become a for-profit company.

Mentioned in this podcast:

Trump agenda piles pressure on EU to cut red tape

Wall Street will stymie Donald Trump’s US oil surge plan, say shale bosses

Trump imposes tariffs and sanctions on Colombia in spat over migrants

OpenAI struggles to price Microsoft stake in deal to become for-profit company

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Read a transcript of this episode on FT.com

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Swamp Notes: Donald Trump’s ‘vendetta agenda’

Sat, 25 Jan 2025 05:00:00 GMT

Donald Trump has made a lot of enemies over the years. He spent his first week back in the White House going after them — and is reshaping the federal government in the process. The FT’s Washington bureau chief James Politi and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to explain what the president’s first week signals about his plans for the next four years.

Mentioned in this podcast:

Donald Trump vs the ‘deep state’: president’s vendetta agenda takes shape

Trump’s pick for justice department to face scrutiny on vow to prosecute his opponents

Read a transcript of this episode on FT.com

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Trump steers the world toward a tax war

Fri, 24 Jan 2025 05:00:00 GMT

A federal judge has blocked US President Donald Trump’s attempt to end birthright citizenship, and shares in the leading makers of anti-obesity drugs have dipped. Trump has ordered officials to draw up retaliatory measures against “extraterritorial” taxes, and Emilia Pérez has emerged as frontrunner after the 2025 Academy Award nominations.

Mentioned in this podcast:

Judge halts Donald Trump’s effort to end US citizenship at birth

Donald Trump threatens to double tax rates for foreign nationals and companies

Investors lose their appetite for the obesity trade

Oscar nominations 2025: cartel musical Emilia Pérez on song with 13

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump halts $300bn in clean energy loans

Thu, 23 Jan 2025 05:00:00 GMT

European bank dividends are at their highest levels since 2007, US President Donald Trump froze billions of dollars in federal funding to green infrastructure projects, and Trump said yesterday that the US would impose more sanctions on Moscow if its war in Ukraine doesn’t end soon. Plus, military regimes in Africa's Sahel region are cracking down on international mining companies.

Mentioned in this podcast:

European banks to reward investors with bumper €123bn in payouts

Donald Trump halts more than $300bn in US green infrastructure funding

Trump tells Putin to reach Ukraine ‘deal’ soon or US will increase sanctions

AI-developed drug will be in trials by year-end, says Google’s Hassabis

The ‘terrifying’ crackdown on mining companies in Africa’s coup belt

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets brace for Trump-era volatility

Wed, 22 Jan 2025 05:00:00 GMT

Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims.

Mentioned in this podcast:

Netflix shares jump as it adds record number of subscribers

Wall Street stocks climb as investors parse Donald Trump’s executive orders

TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025

Chinese citizens’ doubts grow over official economic growth claims

Read a transcript of this episode on FT.com

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Apple is accused of profiting from 'blood minerals'

Tue, 21 Jan 2025 05:00:00 GMT

Belgium has launched a criminal probe into the DRC’s allegation. Donald Trump is sworn in as US president. Davos leaders reject climate banking group. And Toyota struggles to jumpstart hydrogen car sales.

Mentioned in this podcast:

Trump and the contest between two visions of democracy

Apple hit by Belgian probe over ‘blood minerals’ in Congo

Toyota rethinks its bet on hydrogen

Dollar tumbles as Trump shies away from trade tariffs

This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Mischa Frankl-Duval, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Trump returns to the White House

Mon, 20 Jan 2025 05:00:00 GMT

Donald Trump will become US president for the second time on Monday. Investors pile into a fund that spreads its assets equally across the S&P 500, as concerns about a tech bubble grow. A hostage and prisoner exchange between Israel and Hamas is underway. Plus, how El Salvador’s President Nayib Bukele became a model for the global far right.

Mentioned in this podcast:

Donald Trump plans blitz of executive orders for first days in White House

Investors pour billions into S&P equal weight fund as tech fears rise

Hamas hands over three Israeli hostages as ceasefire begins

How El Salvador became a model for the global far right

Trump-backed memecoin value tops $12bn as crypto industry hopes rise

Credit: CSPAN

Read a transcript of this episode on FT.com

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Swamp Notes: Corporate America goes Maga

Sat, 18 Jan 2025 05:00:00 GMT

Not long ago, American corporations were promoting racial justice initiatives and promising to combat climate change. That’s all changed in the months since Donald Trump’s election. The FT’s US financial editor Brooke Masters and tech correspondent Hannah Murphy join this week’s Swamp Notes to explain what’s behind this cultural shift.

Mentioned in this podcast:

Is corporate America going Maga?

The cravenness of Mark Zuckerberg

CREDIT: Joe Rogan Experience

Read a transcript of this episode on FT.com

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Can Hollywood bounce back?

Fri, 17 Jan 2025 05:00:00 GMT

Donald Trump’s Treasury pick Scott Bessent wants to increase sanctions on Russian oil producers, and the FT’s Stephen Gandel unpacks a bumper earnings season from Wall Street’s banks. British companies are buying back their shares at a faster rate than even US groups, and the LA fires are worsening the challenges facing Hollywood.

Mentioned in this podcast:

Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil

Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say

UK companies outpace US businesses in share buybacks

Fires prompt soul-searching at Hollywood’s dream factories

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel and Hamas agree to ceasefire

Thu, 16 Jan 2025 05:00:00 GMT

Israel and Hamas have agreed a deal to halt the war in Gaza and free the remaining hostages. Wall Street banks notched up profits at the end of last year amid a trading boom, and the FT’s economics editor Sam Fleming explains where things stand with inflation around the world.

Mentioned in this podcast:

Gaza ceasefire announced after 15 months of war

US earnings latest: Wall Street profits surge on trading boom

Wall Street stocks post biggest rally since Donald Trump’s election victory

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why China wants Musk to save TikTok

Wed, 15 Jan 2025 05:00:00 GMT

Saudi Aramco is to expand its investments in lithium production, officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, and KPMG could soon begin offering legal services in the US. Plus, Syria has been flooded with imports in the aftermath of Bashar al-Assad’s ousting.

Mentioned in this podcast:

Saudi Aramco to expand investments in lithium as it diversifies from oil

China discussing using Elon Musk as broker in TikTok deal

KPMG readies challenge to US law firms

Syria flooded with Pepsi and Pringles as rulers open economy

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A power shift in Lebanon

Tue, 14 Jan 2025 05:00:00 GMT

Goldman Sachs is building a new private credit unit, and Nawaf Salam is named as Lebanon’s new prime minister. China’s trade surplus with the rest of the world reached a record of almost $1tn in 2024, and Amazon races to transplant Alexa’s ‘brain’ with generative AI.

Mentioned in this podcast:

Goldman Sachs to deepen exposure to booming private credit industry

Nawaf Salam is Lebanon’s new prime minister

China’s trade surplus hits annual record of almost $1tn

Amazon races to transplant Alexa’s ‘brain’ with generative AI

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Venezuela’s leader starts another disputed term

Mon, 13 Jan 2025 05:00:00 GMT

The US is on the cusp of a gas boom and the west hits Venezuelan officials with fresh sanctions. A £1.5bn class action lawsuit against Apple goes to trial in the UK, and US private equity firms may soon have access to people’s retirement savings.

Mentioned in this podcast:

Gas construction expected to boom this year in the US

Venezuelan officials hit with fresh sanctions as Nicolás Maduro begins third term

Apple £1.5bn class action case kicks off in UK courts

Mom and pop pension savers could benefit from private markets, at the right price

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Greenland, USA

Sat, 11 Jan 2025 05:00:00 GMT

Donald Trump has an aggressive negotiating method: he makes big threats in order to extract concessions. But now that he’s floated the idea of invading Danish and Panamanian territories this week, America’s allies are especially nervous. The FT’s Nordic and Baltic bureau chief Richard Milne and US national editor and columnist Ed Luce join Swamp Notes to discuss Trump’s imperial ambitions.

Mentioned in this podcast:

Why Donald Trump wants Greenland

Trump, Greenland and the rebirth of the Monroe Doctrine

Donald Trump’s careless talk

Swamp Notes is produced by Ethan Plotkin, Kasia Broussalian, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bond vigilantes target government spending

Fri, 10 Jan 2025 05:00:00 GMT

The EU is preparing for president-elect Donald Trump to roll back his predecessor’s executive orders, bond markets have entered a new era of antagonism with governments, and insurers are bracing for losses of as much as $20bn from wildfires in Los Angeles. Plus, Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election.

Mentioned in this podcast:

EU fears Trump rolling back Biden-era measures

Bond market ‘police’ are back as investors patrol spending plans

Insurers brace for losses of up to $20bn from California wildfires

Musk examines how to oust Starmer as UK prime minister before next election

Resold tickets prices set to be capped under UK tout crackdown

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Crunch time for Citi

Thu, 09 Jan 2025 05:00:00 GMT

EU leaders warn Donald Trump not to meddle with the continent’s territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society.

Mentioned in this podcast:

EU leaders warn Donald Trump not to meddle with Europe’s borders

Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban

Wall Street doubts Citi chief Jane Fraser can hit crucial target

China’s drive to give Taiwanese visitors local IDs alarms Taipei

Mexico’s president calls for parts of US to be renamed ‘Mexican America’

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Canadian politics post-Trudeau

Wed, 08 Jan 2025 05:00:00 GMT

China’s airlines are rapidly expanding into Europe, and we take a look at what’s next for Canada’s Liberal party following Prime Minister Justin Trudeau’s resignation. Plus, Meta ends third-party fact-checking and Wall Street bankers gear up for an IPO revival.

Mentioned in this podcast:

Chinese airlines rush into Europe as western carriers retreat

Praised abroad, troubled at home: Canada’s political ‘prince’ bows out

Meta ends third-party fact-checking scheme as it prepares for Trump return

US set for IPO comeback as private equity firms seek to offload holdings

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s central bank overhaul

Tue, 07 Jan 2025 05:00:00 GMT

Justin Trudeau is resigning as Canadian Prime Minister, and Germany’s solar power industry is in trouble. US bankruptcy filings hit their highest rate in 14 years, and the People’s Bank of China has announced a major policy overhaul as pressures on the economy mount.

Mentioned in this podcast:

US Corporate bankruptcies hit 14 year high

Canadian Prime Minister Justin Trudeau announces resignation

German solar sector in distress as glut of panels heaps pressure on industry

China’s central bank plans policy overhaul as pressure mounts on economy

Credit: BBC News

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What’s next for US Steel?

Mon, 06 Jan 2025 05:00:00 GMT

Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden’s decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than recovered the $30bn in market value it shed last year. Plus, China’s movie theatres are in crisis.

Mentioned in this podcast:

ECB has been too slow to cut rates, Eurozone economists warn

Joe Biden blocks Nippon Steel’s $15bn takeover of US Steel

UK businesses plan price increases as Budget drives up costs

CrowdStrike bounces back after triggering largest IT outage in history

China’s box office takings drop by a quarter as viewers turn to streaming

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Where does Musk fit in Maga?

Sat, 04 Jan 2025 05:00:06 GMT

Elon Musk’s first big foray into politics was a success — he used his world-leading fortune and mass media platform to help Donald Trump regain the White House. But now, just weeks before Trump’s inauguration, some Republicans are pushing back against Musk’s influence. The FT’s Washington correspondent Joe Miller and US business and politics correspondent Alex Rogers join this week’s Swamp Notes to discuss how Musk is navigating a future in Washington.

Mentioned in this podcast:

Top Democrats warm to Elon Musk’s US government cost-cutting mission

Elon Musk’s fight with Maga reveals split on immigration within Trump’s circle

Swamp Notes is mixed by Samantha Giovinco and produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

CREDIT: Bannons_WarRoom/X

Read a transcript of this episode on FT.com

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Climate change is coming for your Bordeaux

Fri, 03 Jan 2025 05:00:00 GMT

Tesla’s annual vehicle deliveries declined for the first time in more than a decade, and China’s BYD hit a milestone. Crypto chief Do Kwon makes his first US court appearance to face criminal charges. The rerouting of global trade from China to ports elsewhere in Asia is shrinking the size of vessels, and climate change is redrawing Europe’s wine map.

Mentioned in this podcast:

Ex-crypto chief Do Kwon brought to New York to face fraud charges

China’s electric-vehicle leader BYD posts record sales in 2024

Tesla’s annual deliveries drop for first time since 2011

Shipowners switch to smaller vessels as world trade reroutes from China

How climate change is redrawing Europe’s wine map

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Activist investors give Japan a wake-up call

Thu, 02 Jan 2025 05:00:43 GMT

The UK’s financial watchdog has failed to remove illegal crypto adverts, and in Japan, shareholder activists are waking companies up from decades of slumber. Plus, the number of active US venture capital firms has dropped by more than a quarter since 2021, and the FT’s Martin Wolf interviews European Central Bank president Christine Lagarde on the bloc’s economic recovery from Covid-19.

Mentioned in this podcast:

FCA fails to hit firms after half of banned crypto adverts remain online

Activists push Japan Inc to its ‘great tipping point’, says Suntory head

Number of US venture capital firms falls as cash flows to tech’s top investors

Martin Wolf interviews Christine Lagarde: Whither Europe?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Biden’s departing gift to Ukraine

Tue, 31 Dec 2024 05:00:00 GMT

US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline.

Mentioned in this podcast:

US stocks slip in broad pullback as investors cash in on 2024 gains

US to send Ukraine $6bn in fresh military and budget assistance

South Korea to inspect all Boeing B737-800 aircraft after crash

The relentless advance of American asset managers in Europe

Who killed the rave? Late-night dancing falls into global decline

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Should banks foot the bill for cyber scams?

Mon, 30 Dec 2024 05:00:00 GMT

Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, and as payment fraud rises, banks and tech companies disagree on who should cover consumer losses. Syria’s caretaker government has said it could take up to four years for the country to hold elections. Plus, how Hitachi’s plan to monetize industrial data has revived its fortunes.

Mentioned in this podcast:

US credit card defaults jump to highest level since 2010

Who should foot the bill for cyber scams?

Syrian elections may not be held for 4 years, says de facto leader

‘Monetising data’: how Hitachi has soared with bets on AI future

The FT News Briefing is produced by Niamh Rowe, Persis Love, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Listener mailbag, the election and 2025

Sat, 21 Dec 2024 05:00:11 GMT

Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics.

Mentioned in this podcast:

Trump team aims to bankrupt Iran with new ‘maximum pressure’ plan

How ‘the mother of all bubbles’ will pop

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why Microsoft needs nuclear energy

Fri, 20 Dec 2024 05:00:00 GMT

A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island.

Mentioned in this podcast:

Hedge funds cash in on Trump-fuelled crypto boom

Bank of England holds interest rates at 4.75%

Behind the Money: How the AI boom is reviving Three Mile Island

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What 2024 taught central bankers

Thu, 19 Dec 2024 05:00:00 GMT

The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry.

Mentioned in this podcast:

Fed cuts rates by a quarter-point but signals slower pace of easing

Five central banking lessons for 2024

US Supreme Court to hear arguments challenging law that could ban TikTok

Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Javier Milei scores Argentina economy win

Wed, 18 Dec 2024 05:00:00 GMT

Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas.

Mentioned in this podcast:

Microsoft acquires twice as many Nvidia AI chips as tech rivals

Argentina’s economy exits recession in milestone for Javier Milei

KPMG outpaces Big Four rivals as audit and tax units shine

‘A different animal’: inside Huawei’s nascent EV business

Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI investors look beyond chips

Tue, 17 Dec 2024 05:00:00 GMT

Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government.

Mentioned in this podcast:

Japan’s SoftBank pledges $100bn investment in US

After Nvidia’s boom, what’s next for AI-related stocks?

Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink

Syria’s Kurds fear US betrayal under Donald Trump

Credit: AP

Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Arm and Qualcomm head to court

Mon, 16 Dec 2024 05:00:00 GMT

Germany’s Olaf Scholz is expected to lose a confidence vote in parliament on Monday, and Arm and Qualcomm’s bitter legal feud over chip design licensing is heading to trial. The London Stock Exchange is on course for its worst year for departures since the financial crisis. Plus, investors’ appetite for juicy returns has triggered a big boom on Wall Street in complex financial products.

Mentioned in this podcast:

Olaf Scholz faces confidence vote — and hopes to lose it

Wall Street’s complex debt bonanza hits fastest pace since 2007

London Stock Exchange suffers biggest exodus since financial crisis

Chip groups Arm and Qualcomm square off in high-stakes US trial

‘No political authority’: South Korea’s interim leader faces daunting task

Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Europe in the age of America First

Sat, 14 Dec 2024 05:00:02 GMT

Europe has been able to predictably lean on the US for decades. But Donald Trump used tariffs and other economic threats to test those assumptions in his first term, and he looks set to do so again. The FT’s EU correspondent Andy Bounds and US climate correspondent Aime Williams join to discuss how the EU is preparing (again) for a more confrontational America.

Mentioned in this podcast:

EU strikes blockbuster trade deal with Mercosur

EU commissioner pitches ‘Europe first’ in response to Donald Trump

Questions about US politics for next week’s Swamp Notes? Email them to ethan.plotkin@ft.com.

Read a transcript of this episode on FT.com

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The dangers of investor groupthink

Fri, 13 Dec 2024 05:00:25 GMT

HSBC is reviewing its retail banking operations outside the UK and Hong Kong, and the European Central Bank cut interest rates by a quarter-point to 3 per cent. The FT’s markets columnist Katie Martin provides a few insights for investing in 2025. Plus, human referees are set to be increasingly phased out as machines become more efficient at making critical decisions in sport.

Mentioned in this podcast:

HSBC reviews retail banking outside UK and Hong Kong

Donald Trump election win sparks trading surge for banks and brokers

ECB lowers rates to 3% and paves way for more cuts

In sport, the race is on to let technology decide who wins

Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Microsoft bets on AI healthcare

Thu, 12 Dec 2024 05:00:00 GMT

European Nato members are holding talks about increasing the alliance’s target for defence spending, Microsoft’s artificial intelligence head Mustafa Suleyman is building a team focused on consumer health, and US inflation ticked up to 2.7 per cent last month. Plus, new regulations on human rights are forcing global companies to address concerns about modern slavery and tackle problems in their supply chains.

Mentioned in this podcast:

Nato’s European members discuss 3% target for defence spending

Microsoft’s Suleyman hires ex-DeepMind staff for AI health unit

US inflation rose to 2.7% in November

New rules sharpen investment focus on modern slavery

Fifa set to confirm Saudi Arabia as host of 2034 World Cup

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can big oil escape the ‘valley of death’?

Wed, 11 Dec 2024 05:00:00 GMT

Qatar’s sovereign wealth fund prepares for a petrodollar windfall, while oil majors scale back their $18bn power generation push. Israeli Prime Minister Benjamin Netanyahu begins testifying in a corruption trial, and public pension schemes and sovereign wealth funds plan to pour more money into private markets over the coming year.

Mentioned in this podcast:

Qatar’s $500bn wealth fund targets bigger deals as LNG windfall looms

BP and Shell rein in electricity ambitions to escape ‘valley of death’

Benjamin Netanyahu arrives in court to testify in corruption trial

Public pension plans and wealth funds to invest more in private markets

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Vanguard doubles down on wealth management

Tue, 10 Dec 2024 05:00:00 GMT

Hiring has fallen more sharply in the UK than in other big economies over the past year, Vanguard will break its advisory business into a separate unit, and Israel has taken more Syrian territory. Plus, we take a look inside Japan’s audacious bid to become a semiconductor superpower.

Mentioned in this podcast:

Hiring falling more sharply in UK than in other major economies

Israel draws furious reaction from Egypt after taking more Syrian territory

Vanguard to accelerate wealth management drive in restructuring

Japan’s audacious bid to become a semiconductor superpower

Christie’s has brought the dinosaur auction show to London

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Syrian rebels topple Assad regime

Mon, 09 Dec 2024 05:00:00 GMT

Syrian President Bashar al-Assad has resigned and fled the country and South Korean prosecutors have opened an investigation into the country’s president, Yoon Suk Yeol, on charges of treason and abuse of power. The EU and four South American countries have struck a blockbuster trade deal, and a US appeals court upheld a law requiring TikTok’s owner ByteDance to sell the platform or face a ban next year.

Mentioned in this podcast:

Assad flees Syria as rebels seize Damascus

Syrian rebels seize Damascus and topple Assad dynasty

South Korean president to be investigated for treason after failed coup

EU strikes blockbuster trade deal with Mercosur

TikTok fails to halt law that could lead to US ban

Credit: AP, Reuters

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The geopolitics of chips: Chips in the USA

Sun, 08 Dec 2024 05:00:01 GMT

The next superpower will be a tech superpower, and to be that superpower you need to have some control over the semiconductor industry which is driving the AI revolution. But almost all advanced semiconductors are made in Taiwan — and it is under constant threat of a Chinese invasion. President Joe Biden’s Chips Act promises lavish subsidies to companies working to bring semiconductor manufacturing back to US soil. Will those subsidies survive once Donald Trump, the president-elect, is in the White House? In a new season of Tech Tonic the FT’s James Kynge, is in Phoenix, Arizona, the former heartland of American chip manufacturing. He speaks to those trying to revive the US chipmaking industry.

Presented by James Kynge. Edwin Lane is the senior producer. The producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Tim Bradshaw.

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Swamp Notes: America’s first ‘Bitcoin president’

Sat, 07 Dec 2024 05:31:39 GMT

Donald Trump once called cryptocurrencies a “scam”. He’s long since changed his tune, and now, crypto enthusiasts are hoping he’ll catapult the industry into the financial mainstream. The FT’s digital markets correspondent Nikou Asgari and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to discuss what the industry could look like under a second Trump administration.

Mentioned in this podcast:

Crypto advocate Paul Atkins picked as SEC chair by Donald Trump

Bitcoin hits $100,000 as Trump era hopes grow

Trump picks Musk ally David Sacks as crypto and AI tsar

The grim ghost of crypto future

CREDIT: Washington Post, Bitcoin Magazine

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The never-ending Trump effect on US stocks

Fri, 06 Dec 2024 05:00:00 GMT

Large companies rushed to assess whether top employees have sufficient protection after the murder of a US insurance executive, investors have pumped almost $140bn into US equity funds since last month’s election, and oil producer group Opec+ significantly scaled back its plans for production in 2025. In Mexico, new president Claudia Sheinbaum is doubling down on a radical agenda in the face of tough US tariffs. Plus, Notre-Dame reopens this weekend.

Mentioned in this podcast:

Shooting of United Health executive a ‘wake up call’ on corporate security

Michel Barnier resigns as French prime minister

Investors pour $140bn into US stock funds after Trump election victory

Opec+ extends oil production cuts in bid to support prices

Mexico’s new president digs in with radical ideas as Trump threat looms

How Notre-Dame rose from the ashes

Credit: Organ Media Foundation

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK uncovers criminal crypto network

Thu, 05 Dec 2024 05:00:00 GMT

Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, and a dramatic attempt to impose martial law in South Korea by its president has backfired. The French parliament voted to oust Prime Minister Michel Barnier and a UK-led operation has uncovered a multibillion-dollar money laundering scheme. Plus, Google DeepMind has unveiled an artificial intelligence weather prediction model that outperforms traditional methods.

Mentioned in this podcast:

Donald Trump picks crypto enthusiast Paul Atkins for SEC chair

‘Revenge cycle’: South Korean crisis highlights deep political divide

UK uncovers vast crypto laundering scheme for gangsters and Russian spies

French parliament votes to oust Michel Barnier’s government

Google DeepMind hits new milestone in AI weather forecasting

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

French prime minister faces no-confidence vote

Wed, 04 Dec 2024 05:00:00 GMT

The French government will face a no-confidence vote on Wednesday, South Korea’s president said he will lift his martial law order, and cryptocurrency ‘memecoins’ are having a moment. Plus, deaths in Africa’s Sahel region have risen since military juntas took over pledging to bring security in face of jihadi violence.

Mentioned in this podcast:

Michel Barnier ‘method’ at risk in raucous French parliament

South Korea’s Yoon says he will lift martial law order

Military juntas in Africa’s ‘coup belt’ fail to contain extremist violence

Squirrels, dogs and pygmy hippos: crypto’s multibillion-dollar ‘memecoin’ boom

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

OpenAI explores advertising

Tue, 03 Dec 2024 05:00:00 GMT

Chief executives at Intel and Stellantis stepped down, OpenAI is considering including advertising in its artificial intelligence products and the US unveiled new export controls in an effort to curtail China’s semiconductor industry. Plus, how Shanghai’s ambition to be the ‘future of finance’ fell apart.

Mentioned in this podcast:

Intel chief Pat Gelsinger quits with US chipmaker in crisis

Why Stellantis’ chief executive Carlos Tavares was axed

OpenAI explores advertising as it steps up revenue drive

US hits China’s chip industry with new export controls

How Shanghai’s ambition to be the ‘future of finance’ fell apart

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Where does the ceasefire leave Hizbollah?

Mon, 02 Dec 2024 05:00:00 GMT

US government lawyers are clamouring for jobs at corporate law firms ahead of Donald Trump taking office, and Hizbollah declares victory against Israel despite undergoing the most devastating battering in its history. Russian and Syrian warplanes intensify attacks on rebels, and Airbus struggles to capitalise on rival Boeing’s difficulties. Plus, in Ireland, the incumbent Fianna Fáil and Fine Gael appear on track to form a fresh coalition.

Mentioned in this podcast:

Government lawyers flock to corporate jobs as Trump threatens mass layoffs

What's next for Hezbollah?

Lebanon’s displaced return to find ‘scorched earth’ after Israeli offensive

Russian and Syrian warplanes seek to blunt rebel advance from Aleppo

Airbus struggles to capitalise on rival Boeing’s difficulties

Early election tallies suggest Fianna Fáil and Fine Gael set for fresh Irish coalition

Read a transcript of this episode on FT.com

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The Economics Show: Would Trump’s tariffs really be that bad?

Sun, 01 Dec 2024 05:00:03 GMT

Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy.

Soumaya Keynes writes a column each week for the Financial Times. You can find it here

Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.

Read a transcript of this episode on FT.com

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France’s bond market sell-off

Fri, 29 Nov 2024 05:00:04 GMT

French bond markets take a tumble, Russia threatens a hypersonic missile attack on Kyiv, and Ireland goes to the polls. Plus, Hong Kong’s crypto play.

Mentioned in this podcast:

Crime boss takes on Sinn Féin leader and Brussels veteran in Dublin election

Hong Kong plans crypto tax break for hedge funds and billionaire families

Vladimir Putin threatens to turn Kyiv targets ‘to dust’

French bond yields surpass Greece’s for first time as budget worries swirl

The FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Niamh Rowe, Fiona Symon, Sonja Hutson, Ethan Plotkin, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Canal+’s blockbuster London listing

Thu, 28 Nov 2024 05:00:25 GMT

Vivendi prepares to spin off Canal+ for a London listing. Christine Lagarde says trade wars threaten global GDP. Sir Alex Younger, former head of UK’s MI6, discusses Tulsi Gabbard, Donald Trump’s proposed director of national intelligence. Plus, Adani Group’s infrastructure projects in Kenya hit a roadblock.

Mentioned in this podcast:

London’s snaring of France’s Canal+ to revive moribund listing market

‘Adios Adani!’ Bribery charges threaten group’s Africa ambitions

The FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Ethan Plotkin, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ceasefire deal reached in Israel-Lebanon war

Wed, 27 Nov 2024 05:00:00 GMT

Israeli and Lebanese leaders agree to a ceasefire, and Mexico hits back at US president-elect Donald Trump’s tariff plans. Plus, President Joe Biden is rushing to cement his legacy during his final weeks in office, and Russia’s rouble has plummeted to its lowest rate against the dollar since the first weeks of its full-scale invasion of Ukraine.

Mentioned in this podcast:

Ceasefire deal reached in Israel-Lebanon war

Mexico hits back as Trump’s tariff threat shakes markets

Biden aims to Trump-proof his legacy with policy blitz in final days

Rouble slides as new Russian sanctions stifle foreign trade

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Kennedy injects uncertainty into big pharma

Tue, 26 Nov 2024 05:00:00 GMT

The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, and Robert F Kennedy Jr’s nomination for top health role is concerning the pharmaceutical industry. Plus, Italy’s UniCredit has launched a €10bn takeover bid for domestic rival Banco BPM, Brussels is planning to force Chinese companies to transfer intellectual property in return for EU subsidies and TikTok is creating an unlikely frontrunner in Romania’s presidential race.

Mentioned in this podcast:

US special counsel Jack Smith moves to drop criminal cases against Donald Trump

Biotechs test IPO market despite concerns over Robert Kennedy’s health role

UniCredit makes €10bn offer for Italian rival Banco BPM

EU to demand technology transfers from Chinese companies

How a pro-Putin TikTok star topped Romania’s presidential poll

Read a transcript of this episode on FT.com

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Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick

Mon, 25 Nov 2024 04:59:52 GMT

Huawei is poised to launch its first flagship phone that can run its own apps, and Donald Trump’s nominee to run the Treasury is seen across Wall Street and Washington as a pragmatic pick. COP29 has produced a new global finance deal against considerable odds, and the FT’s Michael Stott warns that the US is being eclipsed by China in Latin America.

Mentioned in this podcast:

Huawei to launch flagship smartphone with breakthrough software

‘Sigh of relief’: Wall Street welcomes Donald Trump’s pick of Scott Bessent for Treasury secretary

Climate multilateralism clings on, just

Joe Biden loses to Xi Jinping in battle for Latin America

Credit: BBC, AP

Read a transcript of this episode on FT.com

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The Economics Show: What does a Trump presidency mean for immigration?

Sun, 24 Nov 2024 05:00:44 GMT

Michael Clemens of George Mason University is an expert on the economics of migration, and a scholar of its history. With the newly elected President Trump promising to deport millions of immigrants, we thought it was the perfect time to talk about what illegal immigrants mean to the present economy and, more pressingly, what an economy without them might look like.

If you want to learn more about The Economics Show with Soumaya Keynes, click here. New episodes available on Apple, Spotify, Pocket Casts or wherever you listen.

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Swamp Notes: Anthony Scaramucci unpacks Trump’s cabinet

Sat, 23 Nov 2024 05:00:26 GMT

Donald Trump mostly nominated mainstream conservatives to his first cabinet after the 2016 election. Some high-level appointees back then barely knew Trump, but this time around, he’s selected close allies and loyalists. The FT’s deputy Washington bureau chief Lauren Fedor, and Trump’s short-tenured former communications director Anthony Scaramucci join this week’s Swamp Notes to discuss what Trump’s picks say about how his new White House will operate.

Mentioned in this podcast:

Lutnick and Bessent’s battle for Treasury secretary turns bitter as Trump expands field

Donald Trump’s alarming picks for government

The life and tastes of Anthony Scaramucci

Check out the latest episode of Anthony Scaramucci’s podcast, “The Rest is Politics - US”

Read a transcript of this episode on FT.com

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US hits Gautam Adani with bribery charges

Fri, 22 Nov 2024 05:00:00 GMT

Matt Gaetz has withdrawn his name from consideration for US attorney-general, and billionaire Gautam Adani faces charges over an alleged scheme to bribe Indian officials. The International Criminal Court has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, and FT economics columnist Chris Giles unpacks just how much tariffs will increase prices in the US.

Mentioned in this podcast:

Matt Gaetz withdraws as Trump’s nominee for attorney-general

Indian billionaire Gautam Adani charged in US over alleged $250mn bribery scheme

ICC issues arrest warrant for Israeli PM Benjamin Netanyahu

Tariffs and taxes are not very inflationary

Read a transcript of this episode on FT.com

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UK inflation creeps back

Thu, 21 Nov 2024 05:00:00 GMT

Nvidia’s third-quarter revenue almost doubled from a year ago, and UK inflation accelerated in October as energy prices rose. Disgraced Archegos founder Bill Hwang is sentenced to 18 years in prison for fraud, and China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a trade war.

Mentioned in this podcast:

Nvidia revenue nearly doubles as AI chip demand remains strong

UK inflation accelerates sharply to 2.3% in October

More growth, inflation and uncertainty: the BoE’s Budget verdict

Archegos’s Bill Hwang sentenced to 18 years in prison

China arms itself for potential trade war with Donald Trump

Read a transcript of this episode on FT.com

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Ukraine strikes Russia with US missiles

Wed, 20 Nov 2024 05:00:00 GMT

Bridgewater is joining forces with State Street’s asset management arm to offer an ETF, Ukraine has struck a military target inside Russia using US-made long-range missiles for the first time, and Walmart’s third-quarter revenue beat forecasts. Plus, Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks.

Mentioned in this podcast:

Bridgewater opens strategy to retail investors through State Street ETF

Ukraine strikes Russia with US-made long-range missiles for first time

Walmart raises guidance as it beats third-quarter forecasts

Asian arms makers lead defence stock rally in bet on global rearmament

Thames Water dumps 104bn litres of sewage ahead of new tunnel opening

Read a transcript of this episode on FT.com

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US business raises alarm over Trump’s deportation plan

Tue, 19 Nov 2024 05:00:59 GMT

Israel says it struck a “specific component” of Iran’s nuclear programme last month, and US business leaders are warning Donald Trump’s deportation plan could create mass labour shortages. Vanguard’s retail shareholders can now vote for profit over ESG issues, and Chinese tech companies are building AI teams in Silicon Valley, despite Washington’s sanctions.

Mentioned in this podcast:

Netanyahu says Israel hit ‘specific component’ in Iran’s nuclear programme last month

Business owners warn Donald Trump’s deportation plan could shut them down

Vanguard says shareholders can vote for profits over ESG issues

Chinese tech groups build AI teams in Silicon Valley

Huel profits surge as meal replacement maker broadens fan base

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US dollar surges

Mon, 18 Nov 2024 05:00:00 GMT

President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-made long-range missiles, and the world’s largest economies are gathering in Brazil for a G20 summit overshadowed by Donald Trump. The US dollar is rallying, as markets expect that the next administration will reignite inflation. Meanwhile, the president-elect’s tariff proposals have sent European markets tumbling. Plus, offshore oil is back.

Mentioned in this podcast:

Biden allows Ukraine to strike Russia with US-made long-range missiles

Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’

European stocks lag US by record margin as ‘Trump trade’ bites

Donald Trump victory threatens to throw G20 initiatives into disarray

Offshore oil is back. At what cost?

Read a transcript of this episode on FT.com

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Behind the Money: Wall Street, tech and energy during Trump’s second term

Sun, 17 Nov 2024 05:00:00 GMT

Who will corporate America's winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump administration will bring to three crucial sectors: Wall Street, tech and energy.

This is an episode of the Financial Times podcast Behind the Money. If you like what you hear, click here to listen to more episodes.

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For further reading:

Can the renewables boom withstand Trump?

A Wall Street giddy over Trump should remember history

Who’s who in the Musk ‘A-team’ vying to shape Trump 2.0

Trump 2.0: winners, losers and Elon

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On X, follow Brooke Masters (@brookeamasters), Stephen Morris (@sjhmorris), Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Swamp Notes: How can Democrats rebuild?

Sat, 16 Nov 2024 05:00:18 GMT

The Democratic party is hardly monolithic. But if there’s one thing that’s kept it together over the past decade, it’s been a shared opposition to Donald Trump. Now that Trump is returning to the White House, how will the party try to win voters back? The FT’s deputy Washington bureau chief Lauren Fedor and US national editor and columnist Ed Luce join this week’s Swamp Notes podcast to discuss how the Democrats are thinking about the future.

Mentioned in this podcast:

‘They don’t understand my life’: what the Democrats misread about America

How the Democrats can win in 2028

Read a transcript of this episode on FT.com

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Crypto’s Trump card

Fri, 15 Nov 2024 05:00:00 GMT

The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, and the FT’s Katie Martin explains why the post-election excitement around crypto comes down to vibes and vision. Plus, Disney’s earnings jumped 39 per cent, and Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade.

Mentioned in this podcast:

FTC to investigate Microsoft over cloud dominance

Bitcoin’s big bang moment is impossible to ignore

‘Deadpool & Wolverine’ drives earnings revival at Disney

Warren Buffett’s Apple share sales and cash pile spark intrigue over motives

The Onion to acquire Infowars out of bankruptcy

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Trump’s cabinet takes shape

Thu, 14 Nov 2024 05:00:00 GMT

Republican John Thune will be the next leader of the Senate, and the president-elect gets to work filling out his cabinet. Plus, US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates next month. Plus, activist investor Effissimo Capital Management has taken a stake in struggling carmaker Nissan.

Mentioned in this podcast:

John Thune elected to Senate leadership in rebuke to Trump allies

Donald Trump picks Matt Gaetz as attorney-general

Donald Trump taps Fox News host Pete Hegseth for defence secretary

US inflation rises to 2.6%

Nissan shares jump after activist investor takes stake

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ukraine’s plan to win over Trump

Wed, 13 Nov 2024 05:00:00 GMT

Donald Trump’s ‘hush money’ case has been paused, Ukraine has been building on its ‘victory plan’ for his incoming administration and SoftBank reported that it is profitable again. Plus, Wall Street has loaned billions of dollars to a niche group of tech companies based on their possession of Nvidia’s artificial intelligence chips.

Mentioned in this podcast:

New York judge delays decision on Donald Trump’s ‘hush money’ sentencing

Ukraine seeks to win over Trump with natural resources and troop proposals

SoftBank returns to profit as Indian IPOs boost Vision Fund gains

Wall Street frenzy creates $11bn debt market for AI groups buying Nvidia chips

Read a transcript of this episode on FT.com

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Elon Musk goes to Washington

Tue, 12 Nov 2024 05:00:00 GMT

Calendar year inflows in to exchange traded funds surpassed their previous full-year record at the end of October, and we look at how Donald Trump’s win ushers in a new era for Elon Musk. Plus, rival groups of bondholders are vying to extend loans to the troubled UK utility Thames Water.

Mentioned in this podcast:

Elon Musk’s gamble on Donald Trump pays off

How Thames Water became a battleground for hedge funds

ETF flows smash full year record

Read a transcript of this episode on FT.com

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China’s $1.4tn fiscal package fails to excite

Mon, 11 Nov 2024 05:00:00 GMT

Donald Trump’s election victory has sent shockwaves across the renewable energy industry, and China has announced fiscal stimulus to bail out local governments. Bitcoin hit $80,000 for the first time as cryptocurrency investors anticipate looser regulations under Trump, and Argentina’s legal battles could complicate President Javier Milei’s attempts to fix the country’s struggling economy.

Mentioned in this podcast:

Trump election victory deals blow to US clean energy industry

China unveils $1.4tn package to shore up economy

Bitcoin hits high as Trump records clean sweep of seven swing states

Litigation ‘tsunami’ breaks over Argentina’s President Javier Milei

Credit: MARA

Read a transcript of this episode on FT.com

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Swamp Notes: Trumponomics 2.0

Sat, 09 Nov 2024 05:00:01 GMT

The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy.

Mentioned in this podcast:

Wall Street rejoices as the bell tolls for Biden-era regulation

Economists warn Trump’s policies will trigger inflation

Bitcoin hits record above $75,000 as crypto industry celebrates Trump win

Read a transcript of this episode on FT.com

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The highs and lows of the ‘Trump trade’

Fri, 08 Nov 2024 05:00:00 GMT

US stocks rallied after Donald Trump’s election victory, but the euphoria could be short-lived if his policies drive up inflation. Plus, German opposition leader Friedrich Merz has called for snap elections as early as January following the collapse of Olaf Scholz’s government, and Trump’s victory is set to cast a pall over the UN COP29 summit next week.

Mentioned in this podcast:

Risk assets rally but bond market views Donald Trump’s victory with caution

Federal Reserve cuts interest rates for second consecutive meeting

German opposition leader Friedrich Merz calls for snap elections

Trump victory seen as blow to climate action ahead of COP summit

Read a transcript of this episode on FT.com

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Trump’s second chapter begins

Thu, 07 Nov 2024 05:00:00 GMT

Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases.

Mentioned in this podcast:

US stocks hit record high after Donald Trump clinches victory

Donald Trump elected US president in historic comeback

Donald Trump unleashed: what a second term will bring

European leaders vow to work with Donald Trump despite fears

Global economy prepares for the Trump ‘macro shock’

Trump’s tariff obsession is worse than before

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How election day unfolded in the US

Wed, 06 Nov 2024 05:00:00 GMT

A divided US electorate made their choice at the polls yesterday, after candidates Kamala Harris and Donald Trump spent a combined $3.5bn in their race for the White House. Plus, Germany’s government is in talks on next year’s budget amid fears the coalition could collapse.

Mentioned in this podcast:

US election 2024 live results: US voters make their choice in historically tight election

Donald Trump and Kamala Harris spend $3.5bn in most expensive presidential election

German vice-chancellor extends olive branch to avert coalition collapse

Read a transcript of this episode on FT.com

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What to expect on US election night

Tue, 05 Nov 2024 05:00:00 GMT

The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the Nigeria-based fintech Moniepoint has gained “unicorn” status.

Mentioned in this podcast:

Dollar weakens as investors rein in bets on Trump victory

Spain’s political leaders turn on each other over flood catastrophe

US election 2024: a comprehensive guide to the presidential race

Nigeria-based fintech Moniepoint gains ‘unicorn’ status

Credit: AFP

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The $250bn in corporate taxes riding on US election

Mon, 04 Nov 2024 05:00:22 GMT

Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities, and the largest US companies are facing two starkly different financial futures after the election. The UK Conservative party elects right-wing Kemi Badenoch as leader, and share prices of clean hydrogen companies have collapsed due to delayed projects and dwindling demand.

Mentioned in this podcast:

China piles pressure on rich people and companies to cough up taxes

What’s at stake in US election? $250bn in taxes for corporate America

Kemi Badenoch wins Conservative party leadership race

US and European hydrogen stock prices collapse as prospects deflate

The FT Alphaville pub quiz returns to New York City this November

Read a transcript of this episode on FT.com

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Swamp Notes: Why the polls aren’t budging

Sat, 02 Nov 2024 05:00:25 GMT

In a campaign full of twists and turns, one thing has stayed surprisingly steady: the polls. On this final pre-election episode of Swamp Notes, the FT’s senior data journalist Oliver Roeder and deputy Washington bureau chief Lauren Fedor explain why the polls have barely budged this cycle, and how Donald Trump and Kamala Harris are motivating their voters in the race’s final days.

Mentioned in this podcast:

One week to go: what is the state of the US presidential race?

What the polls can’t tell us about America’s election

Trump rally’s Puerto Rico slur lands with a thud in Pennsylvania

‘Behind the Money’: US election betting is on a roll

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK Budget spooks bond markets

Fri, 01 Nov 2024 05:00:57 GMT

Apple reported solid revenue growth in the past quarter, and investors are worried about the additional borrowing set out in UK chancellor Rachel Reeves’ Budget. The US warned that North Korean troops are expected to enter combat alongside Russia’s army in the coming days, and Spain is set to become the world’s fastest-growing major advanced economy this year.

Mentioned in this podcast:

Apple’s revenue beats Wall Street expectations on higher iPhone sales

UK borrowing costs hit highest level this year after Budget

Ukraine and US warn Kyiv’s troops could face North Korean forces ‘in days’

Spanish growth soars as Eurozone stumbles

Read a transcript of this episode on FT.com

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UK Labour’s Budget borrows big, taxes more

Thu, 31 Oct 2024 05:00:00 GMT

Microsoft’s quarterly revenue rose 16% on strong cloud computing demand, the UK’s Labour party reveals bold tax increases and borrowing, and the US economy grew at an annualised rate of 2.8% in the third quarter. Plus, critics cry foul over a proof of citizenship law in Arizona.

Mentioned in this podcast:

Microsoft’s revenue beats estimates on strong cloud demand from AI boom

Rachel Reeves announces £40bn tax increase in UK Budget

Arizona’s proof of citizenship complicates voting in US swing state

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Play the FT’s Budget game: https://ig.ft.com/chancellor-game/

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Katya Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Arm enters the AI race

Wed, 30 Oct 2024 05:00:00 GMT

Alphabet’s profit jumped 34 per cent in the third quarter, and Israel’s parliament approved legislation on Monday that will ban a UN agency for Palestinian refugees from operating within Israeli territory. The US and Taiwan are preparing to negotiate a new tax agreement, and mobile chip designer Arm may try to rival Nvidia.

Mentioned in this podcast:

Google’s profits beat expectations on strong cloud computing growth

Israeli parliament passes law banning UN Palestinian refugee agency

US and Taiwan set for talks to end double taxation for companies

The rise and rise of Arm

Giant African rats join crackdown against illegal wildlife trade

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Boeing races to avoid credit downgrade

Tue, 29 Oct 2024 05:00:11 GMT

PwC’s business in Asia contracted sharply in the past year, Boeing announced a $19bn share sale to help avoid a credit rating downgrade, and Volkswagen plans a massive restructuring that includes shutting at least three German plants. Plus, fears of violence have left some US election boards struggling to hire poll workers.

Mentioned in this podcast:

PwC loses market share in Asia

Boeing launches $19bn share sale to bolster finances and avoid downgrade

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

US polling places struggle to find workers after surge in threats

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Georgia’s disputed election

Mon, 28 Oct 2024 04:00:21 GMT

Iran has signalled that it will pursue a measured response to Israel’s latest strikes, and Georgia’s opposition has called for protests after the ruling Georgian Dream party claims victory. Plus, the possibility of Donald Trump’s trade war has hit the shares of export-sensitive European companies, and large investment funds are being forced to offload their shares in tech companies, or risk breaking US tax rules.

Mentioned in this podcast:

Iran’s supreme leader signals measured response to Israel’s attack

Vladimir Putin’s battle to keep Georgia in Russia’s orbit

Georgia’s opposition calls for protests as election outcome is disputed

European stocks hit by ‘Trump effect’ as odds tilt towards Republican win

Tech boom forces US funds to dump shares to avoid breach of tax rules

Read a transcript of this episode on FT.com

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Swamp Notes LIVE: A look back at the economy and the election

Sat, 26 Oct 2024 04:00:29 GMT

With the election just over a week away, Swamp Notes visited the University of Michigan to recap the final FT-Michigan Ross poll. Swamp Notes host Sonja Hutson is joined by the FT’s US managing editor Peter Spiegel, and Erik Gordon and Francine Lafontaine of the University of Michigan’s Ross School of Business to examine the poll results and explain why the economy remains top-of-mind for voters.

Mentioned in this podcast:

Donald Trump takes lead over Kamala Harris on US economy in final FT poll

Read a transcript of this episode on FT.com

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Will Russia lead on an alternative to the dollar?

Fri, 25 Oct 2024 04:00:06 GMT

Tesla shares leapt 22% after Elon Musk predicted an electric vehicle sales rebound, and Russia’s pitch for a US dollar alternative failed to excite Brics leaders. Plus, a major change to the open source technology model could be coming.

Mentioned in this podcast:

Tesla shares leap 22% after Elon Musk predicts sales rebound

Vladimir Putin’s alternative to ‘weaponised’ dollar fails to excite Brics partners

The bill is coming for tech’s open source free lunch

Read a transcript of this episode on FT.com

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AI that can control your computer

Thu, 24 Oct 2024 04:00:25 GMT

Boeing’s machinists voted on Wednesday to reject the company’s latest offer and the US has finalised long-awaited ‘open banking’ rules, hoping it will inject more competition into the market. Plus, Deutsche Bank reported a record third-quarter profit and artificial intelligence start-up Anthropic has built a virtual agent that can perform tasks on a computer.

Mentioned in this podcast:

Striking Boeing machinists reject offer as stand-off nears 6 weeks

US rolls out ‘open banking’ rules to make sharing financial data easier

Open banking challenges America’s cozy lenders’ club

Deutsche Bank warns of rising bad loan provisions

Anthropic says latest AI model can control users’ computers

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

HSBC’s east-west split

Wed, 23 Oct 2024 04:00:10 GMT

Deloitte has cut about 250 UK employees and HSBC’s chief executive has announced an overhaul of the bank. The IMF has warned global protectionism will endanger the world’s growth outlook, as a possible Donald Trump victory in the US election raises the prospect of tariff increases. Plus, South Korea has called on Russia to stop the deployment of North Korean troops to fight in Ukraine.

Mentioned in this podcast:

Deloitte axes 250 UK employees in performance-related cull

HSBC chief Georges Elhedery unveils sweeping overhaul of lender

Tariff surge would damage global growth, IMF warns

South Korea asks Russia to stop apparent North Korean troop deployment

Go to ft.com/briefingsale for 50% off a digital standard subscription

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Three big economic ideas that explain the US election

Tue, 22 Oct 2024 04:00:00 GMT

Share buybacks on mainland China’s biggest exchanges have soared to a record high this year, and Israel has attacked an Hizbollah-affiliated financial institution in Lebanon. Plus, Disney has appointed former Morgan Stanley boss James Gorman as its new chair, and a trip to America’s third-biggest shopping mall offers answers to what’s really going on in the US election.

Mentioned in this podcast:

Israel strikes Hizbollah-linked lender in Lebanon

Disney sets new timetable to replace Bob Iger as chief

Four economic truths that explain the US’s bizarre election

Chinese share buybacks hit record high as Beijing steps up support

Chanel dips oar into sport with Oxford-Cambridge boat race tie-up

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Uber’s drive for ‘super app’ status

Mon, 21 Oct 2024 04:00:12 GMT

Trading in the world’s second-largest IPO of 2024 begins on Tuesday, but retail investors have given a lukewarm reception to Hyundai Motor India’s listing. A coalition of oil-producing African countries is seeking $5bn to fund projects on the continent, and Boeing’s largest labour union will vote on Wednesday whether to end a costly strike. Uber has explored a possible bid for Expedia, in what would be the company’s largest acquisition. Plus, Elon Musk pledges to pay $1mn per day to random registered voters who sign his petition.

Mentioned in this podcast:

Boeing workers to vote on ending strike in critical week for plane maker

Uber explored takeover bid for Expedia

African countries seek $5bn for new fossil fuel project lender

Indian investors give short shrift to Asia’s biggest IPO of 2024

Elon Musk criticised for offering $1mn prizes to voters who sign petition

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Election denialism is still in style

Sat, 19 Oct 2024 04:00:34 GMT

The 2020 US election was one of the most contested in American history, and it culminated in an unprecedented attack on the US Capitol building by supporters of Donald Trump. FT data journalist Eva Xiao and US legal correspondent Joe Miller join this week’s Swamp Notes podcast to explain how Trump and his allies are preparing to challenge the 2024 vote, and what election officials around the country are doing to prepare.

Mentioned in this podcast:

How Trump allies are sowing election doubts

‘There are bad actors’: Trump’s nemesis fights to protect Georgia’s vote

America’s dead-heat Trump-Harris election

Read a transcript of this episode on FT.com

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Chipmakers send tech shares yo-yoing

Fri, 18 Oct 2024 04:00:34 GMT

Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone.

Mentioned in this podcast:

Hamas leader Yahya Sinwar killed in Gaza, Israel says

ASML shares drop sharply after warning on semiconductor recovery

Nvidia shares hit record as US ‘soft landing’ hopes drive tech rebound

TSMC profits jump 54% on back of AI chip boom

ECB lowers rates to 3.25%

Optimism builds on South Africa’s ‘second miracle’ coalition

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel accused of implementing ‘starvation plan’ in Gaza

Thu, 17 Oct 2024 04:00:49 GMT

Rights groups say Israel appears to be implementing a controversial plan to force Hamas into submission by laying siege to the north of Gaza. BHP’s chief executive met government officials in South Africa last week, fuelling speculation that the miner will resurrect its failed bid for rival Anglo American. Plus, the downfall of once-hyped genetic testing company 23andMe, and Prada launches in to spacesuit design.

Mentioned in this podcast:

More than 100 killed in Nigeria fuel tanker explosion

Israel ‘starting to implement’ north Gaza starvation plan, say rights groups

BHP chief sparks fresh Anglo bid speculation after South Africa trip

Founder Anne Wojcicki races to rescue 23andMe

Prada launches into spacesuit design

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Private credit’s growing ‘IOU’ habit

Wed, 16 Oct 2024 04:00:41 GMT

Shares in ASML led a tech rout on Nasdaq on Tuesday after the chipmaker warned of a slower recovery in the semiconductor market, and Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn, boosted by its equity trading business. Asian battery makers are racing to develop new generations of superfast charging for electric vehicles, and a growing list of cash-strapped companies are deferring loan repayments to private credit funds.

Mentioned in this podcast:

ASML shares drop sharply after warning on semiconductor recovery

Corporate debts mount as credit funds let borrowers defer payments

Battery makers aim to ease EV anxieties with 5-minute charge

Goldman Sachs profits jump 45% to $3bn after trading boost

Citigroup and BofA join other big US banks in beating gloomy forecasts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Pressure builds on Beijing to boost economy

Tue, 15 Oct 2024 04:00:03 GMT

OpenAI is considering a largely untested company model to protect chief executive Sam Altman from outside interference, and virtually all global insurers now include at least one low-carbon transition goal within their investment plans. Millions of dollars in bets are being placed on the US presidential election following the lifting of a domestic betting ban last week. Plus, China’s deflationary pressures picked up in September with weaker than expected consumer and factory prices, and the 2024 Nobel Prize for economics has been awarded to a trio of academics for their work on global inequality.

Mentioned in this podcast:

OpenAI pursues public benefit structure to fend off hostile takeovers

China deflation pressure mounts as investors seek more stimulus for economy

US election bets surge after court lifts ban

Trio of economists wins Nobel Prize for work on wealth of nations

Rethinking the AI boom, with Daron Acemoğlu

Insurers embrace climate change investments as catastrophe costs mount

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US banks ride ‘soft landing’ high

Mon, 14 Oct 2024 04:00:04 GMT

Russia has expanded the capacity of its shadow fleet of oil tankers despite western sanctions, and US bank stocks hit their highest level since before the collapse of Silicon Valley Bank on Friday, following better than expected quarterly earnings. Plus, the Eurozone’s weak economic growth and sluggish consumer prices have raised concerns about low inflation, and Argentina’s president Javier Milei is not ready to lift the country’s currency controls.

Mentioned in this podcast:

Russia’s shadow fleet grows despite western crackdown

US bank stocks pass pre-SVB high on hopes for economic ‘soft landing’

Spectre of low inflation returns to haunt Eurozone policymakers

Argentina’s Javier Milei says his ‘regime of freedom’ not ready to drop currency controls

Musk’s SpaceX catches returning booster rocket in technical milestone

Read a transcript of this episode on FT.com

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Swamp Notes: Will Republicans take back the Senate?

Sat, 12 Oct 2024 04:00:33 GMT

Both chambers of the US Congress are like the country they represent: narrowly divided. But while Democrats currently hold a one-seat Senate majority, Republicans are increasingly confident that they’ll take back control of the chamber after the election next month. The FT’s Washington bureau chief, James Politi, and the Cook Political Report’s Senate and Governors editor, Jessica Taylor, join this week’s Swamp Notes to explain why this year’s Congressional map looks so good for Republicans.

Mentioned in this podcast:

Joe Manchin will not seek US Senate re-election in blow to Democrats

Donald Trump-backed US Senate candidate clinches Republican nomination in Ohio

Read a transcript of this episode on FT.com

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Japanese PM’s uphill battle to win back voters

Fri, 11 Oct 2024 04:00:41 GMT

The French government has proposed a budget for next year with some €60bn worth of spending cuts and tax increases, and Hurricane Milton ploughed across Florida on Wednesday. US inflation fell to 2.4 per cent in September. Plus, we look ahead to Japan’s early elections later this month.

Mentioned in this podcast:

French PM unveils shock therapy in 2025 budget

US inflation fell to 2.4% in September

Hurricane Milton leaves millions without power after lashing Florida

Japan’s new prime minister pledges to tackle deflation in first policy speech

Spanish star Rafael Nadal calls time on glittering tennis career

CREDIT: BBC

Read a transcript of this episode on FT.com

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US considers breaking up Google

Thu, 10 Oct 2024 04:00:29 GMT

HSBC’s top-paid bankers to bear the brunt of cost-cutting restructuring, and the UK Conservative party leadership race has been whittled down to two rightwingers. Plus, Germany’s economy is expected to shrink, and the US government is considering seeking the break-up of Google to end its monopoly in search.

Mentioned in this podcast:

US weighs Google break-up in landmark antitrust case

Jenrick vs Badenoch: Meet the next Conservative leader

Germany expects economy to shrink in 2024 after cutting forecast

Expensive senior bankers to bear brunt of HSBC restructuring

Read a transcript of this episode on FT.com

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India’s belated oil rush

Wed, 09 Oct 2024 04:00:42 GMT

The head of KPMG US says the industry urgently needs to make it easier to become an accountant, and the EU is suing Hungary’s government over a new security law it says is in breach of citizens’ fundamental rights. Plus, India races to extract as much oil as possible while there remains a market for crude.

Mentioned in this podcast:

KPMG US head says the industry urgently needs to make it easier to become an accountant

India in rush to boost oil production before energy transition

EU sues Hungary over new security law

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Strikes threaten Boeing’s bottom line

Tue, 08 Oct 2024 04:01:56 GMT

Big bank bosses join a growing list of prominent financiers expected to skip COP29 next month, and Spain proposes a new mechanism to help harmonise the EU’s capital and credit markets. Plus, activist investor Starboard Value has built a $1bn position in struggling drugmaker Pfizer, and tens of thousands of striking machinists are threatening Boeing’s recovery.

Mentioned in this podcast:

“You only go to the party if everyone is going”: finance bosses shun COP29

Spain to propose mini-coalitions to break EU capital markets stalemate

Activist investor Starboard builds $1bn stake in drugmaker Pfizer

‘They’re just mad’: Boeing strikers prepare for long haul

Read a transcript of this episode on FT.com

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Israel marks one year after October 7

Mon, 07 Oct 2024 04:00:23 GMT

A new report forecasts that Donald Trump would raise the US debt by twice as much as Kamala Harris, and Elon Musk’s SpaceX is quietly opening up a new front in a global battle over a scarce and precious resource: radio spectrum. Plus, US partners at accounting firm EY have been told their pay for 2024 will be deferred, and a year after the October 7 attacks, international criticism of the Gaza war has led many Israelis to retreat inwards.

Mentioned in this podcast:

Donald Trump would raise the US debt by twice as much as Kamala Harris, report finds

EY to hold back some pay from US partners after tough year

The year that changed Israel

The satellite spectrum battle that could shape the new space economy

Read a transcript of this episode on FT.com

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Swamp Notes: How the Middle East conflict is shaping the election

Sat, 05 Oct 2024 04:00:49 GMT

The Biden administration has tried and failed to contain fighting in the Middle East over the past year - and now, the conflict is close to spiralling into all-out war. The FT’s US foreign affairs and defence correspondent Felicia Schwartz and US political news editor Derek Brower join this week’s Swamp Notes to explain what Kamala Harris and Donald Trump are telling voters they’ll do to end the conflict. Credit: USA Today

Mentioned in this podcast:

Israel and Iran have just delivered the US election’s ‘October surprise’

Benjamin Netanyahu’s ‘rope-a-dope’ war strategy with White House

Oil surges after Joe Biden’s comments on Israeli retaliation

Read a transcript of this episode on FT.com

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Markets keep calm despite global tensions

Fri, 04 Oct 2024 04:01:31 GMT

A strike that closed US east and Gulf coast ports will be suspended, and market reaction to escalations in the Middle East remains minimal. Plus, Italy’s government will raise more taxes from companies earning windfall profits, and luxury group LVMH will become a top sponsor of car-racing franchise Formula One.

Mentioned in this podcast:

US dockworkers suspend strike that threatened to cripple ports

Italy seeks to raise more windfall taxes from companies

The market reaction to global tensions might not follow the old script

LVMH strikes sponsorship deal with Formula 1

Go to ft.com/briefingsale for 50% off a digital standard subscription

Credit: CNBC, LVMH

Read a transcript of this episode on FT.com

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Displacement pushes Lebanon to the brink

Thu, 03 Oct 2024 04:00:44 GMT

UK house sales rise at the fastest rate in three years, mass displacement in Lebanon risks overwhelming a country battered by economic crises, and Brussels intends to postpone a controversial EU anti-deforestation law for a year following a backlash. Plus, two-thirds of all new solar and wind power projects are based in China.

Mentioned in this podcast:

UK house sales rise at fastest pace in three years, data shows

China’s accelerating green transition

EU moves to delay anti-deforestation rules

Lebanon’s broken state struggles with 1mn displaced

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Read a transcript of this episode on FT.com

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A day of escalation in the Middle East

Wed, 02 Oct 2024 04:00:16 GMT

Iran fires missiles at Israel, hours after the IDF launches a ground offensive in Lebanon. France’s new Prime Minister Michel Barnier announced tax rises on large companies and the wealthy, and US business groups warned of economic ‘paralysis’ after tens of thousands of dockworkers went on strike. Plus, investors are seeking to profit from the uncertainty over the outcome of the US presidential race.

Mentioned in this podcast:

Iran launches missile attack against Israel

French premier Michel Barnier announces tax rises and spending cuts

US economy faces ‘paralysis’ before election as dockworkers go on strike

Investors turn to volatility trades to profit from tight US election

Until 24th October, save up to 50% on a standard annual digital subscription at ft.com/briefingsale

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI start-ups generate revenue at record pace

Tue, 01 Oct 2024 04:00:00 GMT

SoftBank will invest $500mn into OpenAI as part of a fundraising round that will give the start-up a $150bn valuation, and Chinese equities post their best day since the 2008 global financial crisis. Plus, new data suggests artificial intelligence start-ups are bringing in revenues at an unprecedented rate, and South Korean exporters are struggling to compete with a glut of goods from Chinese rivals.

Mentioned in this podcast:

SoftBank to invest $500mn in OpenAI

AI start-ups generate money faster than past hyped tech companies

Chinese stocks surge 8.5% in best day since 2008

From steel to kimchi, South Korean exporters face flood of Chinese rivals

Go to ft.com/briefingsale for 50% off a digital standard subscription

Read a transcript of this episode on FT.com

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Hizbollah reels after the death of its leader

Mon, 30 Sep 2024 04:00:48 GMT

In the wake of Hassan Nasrallah’s death, Hizbollah looks for a way forward, and French far-right leader Marine Le Pen goes on trial for allegedly embezzling EU funds. Peter Thiel’s venture capital firm is backing a nuclear start-up aimed at fueling artificial intelligence, and a handful of high frequency trading firms have seized market share from traditional investment banks.

Mentioned in this podcast:

What's next for Hizbollah?

Marine Le Pen goes on trial over EU expenses scandal

Peter Thiel’s Founders Fund backs nuclear fuel start-up

New titans of Wall Street: How trading firms stole a march on big banks

Go to ft.com/briefingsale for 50% off a digital standard subscription

Read a transcript of this episode on FT.com

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Swamp Notes: Harris and Trump pitch their economic visions

Sat, 28 Sep 2024 04:00:53 GMT

Voters consistently tell pollsters that economic issues are their top electoral concern. Kamala Harris and Donald Trump have spent the past few weeks honing their economic messages — and they couldn’t be more different. The FT’s US managing editor, Peter Spiegel, and Washington bureau chief, James Politi, join to explore how each candidates’ plan would impact the country.

Mentioned in this podcast:

Trumponomics: the radical plan that would reshape America’s economy

Kamala Harris sets out pro-business economic philosophy in swing-state speech

CREDIT: MSNBC, Fox News

Read a transcript of this episode on FT.com

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How extremist settlers in the West Bank became the law

Fri, 27 Sep 2024 04:00:15 GMT

UK chancellor Rachel Reeves may backtrack on a key tax plan, Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude, and Citigroup announced a $25bn deal with Apollo to lend to private equity groups and low-rated US companies. Plus, Palestinian villagers in the West Bank are experiencing heightened violence after Hamas’s devastating October 7 assault on Israel.

Mentioned in this podcast:

UK chancellor ready to water down planned tax raid on wealthy foreigners

Saudi Arabia ready to abandon $100 crude target to take back market share

Citi turns to Apollo for $25bn private credit push

How extremist settlers in the West Bank became the law

Read a transcript of this episode on FT.com

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Banks warm up to nuclear power

Thu, 26 Sep 2024 04:00:57 GMT

OpenAI’s chief technology officer is leaving the company, major banks pledge to increase their support for nuclear energy, and hopes of an M&A comeback rise as global companies pursue blockbuster takeovers. Plus, a surge in female labour force participation emerges as a bright spot for Saudi Arabia.

Mentioned in this podcast:

OpenAI’s chief technology officer Mira Murati to leave

Big corporate predators bolster global M&A market

The Saudi factories powered by women

World’s biggest banks pledge support for nuclear power

Read a transcript of this episode on FT.com

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China unleashes stimulus blitz

Wed, 25 Sep 2024 04:00:10 GMT

The US Department of Justice has filed an antitrust lawsuit against Visa, China has unleashed a swath of stimulus measures to jump-start growth and the incoming CEO at Trafigura signals a new era for the trading house. Plus, Sri Lanka has a new leftwing president who has promised a fresh start for the country.

Mentioned in this podcast:

US antitrust lawsuit accuses Visa of using dominance to shut down rivals

China unleashes stimulus blitz to lift growth

Trafigura set to name Richard Holtum as chief executive

Sri Lanka swears in leftist election winner as president amid concerns over IMF deal

Read a transcript of this episode on FT.com

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A hostile takeover looms in European banking

Tue, 24 Sep 2024 04:00:00 GMT

The US proposed effectively banning Chinese cars, German Chancellor Olaf Scholz came out against a UniCredit takeover of Commerzbank and Israel carried out hundreds of airstrikes in Lebanon. Plus, UK Prime Minister Keir Starmer will try to turn around the Labour party’s mood during a speech at the party conference.

Mentioned in this podcast:

US proposes banning Chinese software and components in vehicles

Israeli strikes kill more than 490 in Lebanon, says health ministry

Olaf Scholz says Germany opposes a Commerzbank takeover

Keir Starmer faces 2 challenges in Liverpool

Read a transcript of this episode on FT.com

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Looming US port strikes threaten supply chain

Mon, 23 Sep 2024 04:00:05 GMT

Olaf Scholz’s SPD narrowly fends off the AfD in Brandenburg’s state election, and chipmaker Qualcomm approaches Intel about a potential takeover. AI search engine Perplexity mounts an ambitious effort to break Google’s stranglehold over the $300bn digital ads industry. Plus, a strike at three dozen US ports could upend supply chains and raise prices just weeks before Election Day.

Mentioned in this podcast:

Germany’s SPD leads far right in Brandenburg election

Perplexity in talks with top brands on ads model as it challenges Google

Qualcomm approached Intel about takeover bid in recent days

Read a transcript of this episode on FT.com

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Swamp Notes: Misinformation as a campaign strategy

Sat, 21 Sep 2024 04:00:00 GMT

Republican presidential nominee Donald Trump and his running mate senator JD Vance have spent the past few weeks pushing a false claim that Haitian migrants in Springfield, Ohio are eating residents’ pets. The FT’s US national editor, Ed Luce, and New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to discuss why misinformation is a powerful electoral strategy and whether the truth matters to voters.

Mentioned in this podcast:

‘It’s ugly’: Donald Trump’s Haitian pet-eating claim fractures Ohio city

Trump, Vance and American blood and soil

CREDIT: ABC News, CNN

Read a transcript of this episode on FT.com

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Europe’s battery darling runs out of juice

Fri, 20 Sep 2024 04:00:58 GMT

The S&P 500 hit a record high, Europe’s biggest hope for dominance in EV batteries is struggling to hang on and the Bank of England held interest rates steady. Plus, the FT’s Brooke Masters explains why customers are getting fed up with airline loyalty programmes.

Mentioned in this podcast:

S&P 500 hits new record after Fed makes jumbo cut to US interest rates

Europe’s great battery hope Northvolt fights for survival

Bank of England holds rates at 5%

The fury of the frequent flyer

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Fed’s first rate cut in 4 years

Thu, 19 Sep 2024 04:00:32 GMT

The Federal Reserve’s interest rate easing began with a half-point cut, and the UK’s financial watchdog has stepped up pressure on banks to offer more attractive interest rates on deposits. The FT’s Mehul Srivastava unravels the supply chain behind the pagers that exploded in Lebanon this week.

Mentioned in this podcast:

Federal Reserve cuts rates by half a point and signals era of easing has begun

UK regulator pushes banks to give savers better value even as rates fall

From Taipei to Budapest: the mysterious trail of exploding pagers

London and New York cocoa prices in rare divergence as shortages bite

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Solar energy’s moment in the sun

Wed, 18 Sep 2024 04:00:33 GMT

BlackRock and Microsoft are launching a $30bn data centre fund to meet the growing demands of artificial intelligence, and BP puts its onshore US wind business up for sale. Meta is making teenagers’ Instagram accounts private by default and EU competition chief Margrethe Vestager speaks to the FT about her efforts to regulate in Big Tech.

Mentioned in this podcast:

BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure

BP puts $2bn US onshore wind business up for sale

Instagram to make teenagers’ profiles private by default

Vestager warns EU against weakening merger rules

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

OpenAI launches its next generation of tools

Tue, 17 Sep 2024 04:00:37 GMT

The EU is preparing to provide up to €40bn in new loans for Ukraine by the end of the year, and Boeing is considering temporary furloughs as its machinists continue to strike. The company behind ChatGPT is launching a new product it claims can solve complex mathematical and scientific problems. Plus, former European Central Bank president Mario Draghi launches a master plan to boost EU competitiveness.

Mentioned in this podcast:

EU plans to raise up to €40bn in loans for Ukraine without US

Boeing considers furloughs amid machinist strike

OpenAI launches AI models it says are capable of reasoning

Will Mario Draghi’s masterplan get the momentum it needs?

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s start-up winter is here

Mon, 16 Sep 2024 04:00:05 GMT

Both the Federal Reserve and the Bank of England are set to announce interest rate decisions this week. In China, venture capital finance has dried up amid political and economic pressures. Plus, Indonesian palm oil producers warn of global supply chain disruption if the EU bans imported commodities linked to deforestation.

Mentioned in this podcast:

Jay Powell’s big week

How China has ‘throttled’ its private sector

Indonesia warns of ‘chaos’ from EU deforestation law

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Persis Love, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: Harris and Trump meet on the debate stage

Sat, 14 Sep 2024 04:00:05 GMT

On this week’s special episode of Swamp Notes, four FT journalists discuss the historic first debate between Kamala Harris and Donald Trump, and answer all your most-pressing questions about the US presidential race. The FT’s US managing editor, Peter Spiegel, moderates the discussion alongside deputy Washington bureau chief, Lauren Fedor, global business columnist, Rana Foroohar, and chief foreign affairs columnist, Gideon Rachman.

Mentioned in this podcast:

Kamala Harris has passed a big test

Kamala Harris needles Donald Trump in fiery presidential debate

Read a transcript of this episode on FT.com

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Abu Dhabi bids for Germany’s industrial jewel

Fri, 13 Sep 2024 04:00:31 GMT

Investors snapped up consumer staples such as Coca-Cola and Colgate-Palmolive amid concerns over a potential slowdown in the US economy. Abu Dhabi’s oil company Adnoc could offer €14.4bn for German chemical group Covestro, and the European Central Bank cut interest rates to 3.5 per cent. Plus, people in Los Angeles are encouraged to park their car obsession ahead of the 2028 Olympics, and amateur astronauts completed the first private spacewalk.

Investors pile into Coca-Cola and Colgate as recession fears grow

Abu Dhabi closes in on German group that helped ‘invent chemistry’

ECB cuts interest rates to 3.5%

Can LA end its love affair with cars?

Astronauts complete first private spacewalk

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Peter Wells, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UniCredit eyes a new era in European banking

Thu, 12 Sep 2024 04:00:19 GMT

The Italian lender UniCredit has amassed a 9 per cent stake in Commerzbank, and US inflation fell to 2.5 per cent in August. Plus, Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty and Mexico’s Senate approved a radical plan to have voters elect all its judges.

Mentioned in this podcast:

US inflation falls to 2.5% in August

UniCredit’s push for European bank consolidation looks on target

Javier Milei’s tax amnesty lures Argentines to declare hidden millions

Mexico’s Senate approves radical plan to elect all judges

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The EU’s €13bn bite into Apple

Wed, 11 Sep 2024 04:00:40 GMT

The EU’s top court orders Apple to pay €13bn in back taxes, and the Federal Reserve halves its proposed capital requirement increase for the largest US banks. Plus, we talk to the FT’s Benjamin Parkin about the Taliban’s warming relations with a growing number of regional powers.

Mentioned in this podcast:

Top EU court rules Apple must pay €13bn in back taxes

Federal Reserve halves proposed capital requirement rise for largest US banks

Taliban’s closer ties with UAE signal global divide over Afghan regime

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

France’s looming deadline

Tue, 10 Sep 2024 04:00:25 GMT

Apple launches the iPhone 16 with generative AI features, and France’s new PM needs more time to submit the country’s debt plans. Kamala Harris is under pressure to perform in tonight’s debate against Donald Trump. Plus, Intel’s plunging share price and manufacturing troubles shatter its hopes for a turnaround.

Mentioned in this podcast:

Apple launches iPhone 16 with AI features to roll out in coming months

France asks EU for more time to submit debt plan

Kamala Harris faces crucial debate as polls hint at slipping momentum

Intel in crisis: chipmaker considers drastic change to catch AI rivals

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tesla’s EVs stall in China

Mon, 09 Sep 2024 04:00:11 GMT

Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives.

Mentioned in this podcast:

AI exuberance masks broad weakness in tech sector, say investors

Star manager Rob Arnott launches ETF to buy up index ‘rejects’

Google’s $20bn ad tech business to play for at next antitrust showdown

Elon Musk’s China dream stalls as hybrids rush past Tesla

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: How protectionism got trendy

Sat, 07 Sep 2024 04:00:03 GMT

Democrats and Republicans have taken a protectionist turn on trade policy over the past few years. They say it’s to protect national security, but that argument doesn’t always hold up. Just look at this week’s announcement from vice-president Kamala Harris that she doesn’t support the purchase of US Steel by Japan’s Nippon Steel. The FT’s economics editor, Sam Fleming, and Washington bureau chief, James Politi, join this week’s Swamp Notes to explain why both parties are leaning into “Made in America”.

Mentioned in this podcast:

How national security has transformed economic policy

Joe Biden set to block Nippon Steel’s takeover of US Steel

Read a transcript of this episode on FT.com

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France finally gets a new PM

Fri, 06 Sep 2024 04:00:40 GMT

President Emmanuel Macron has named the EU’s former Brexit negotiator Michel Barnier as France’s next prime minister. Plus, Europe’s sustainable investment funds double down on defence stocks, and Ukraine President Volodymyr Zelenskyy carries out his biggest wartime cabinet reshuffle yet.

Mentioned in this podcast:

Europe’s ESG funds more than double defence holdings amid Ukraine war

Michel Barnier promises respect for ‘all political forces’ as French PM

Zelenskyy seeks ‘new energy’ with Ukraine’s biggest wartime cabinet reshuffle

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Saffeya Ahmed, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Volkswagen’s dire warning

Thu, 05 Sep 2024 04:00:53 GMT

Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts

Mentioned in this podcast:

Joe Biden set to block Nippon Steel’s takeover of US Steel

Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand

‘Incompetence, dishonesty and greed’: Key findings of Grenfell report

Egypt’s journey from gas bonanza to power blackouts

CREDIT: AP

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The glitch in China’s AI plans

Wed, 04 Sep 2024 04:00:48 GMT

Big tech groups including Nvidia led a broad US stock market sell-off on Tuesday, and Huawei’s AI chips are dealing with some bugs. Plus, US homebuilders are facing their biggest credit crunch in more than a decade, and foreign investors are backing out of Indian equities.

Mentioned in this podcast:

US homebuilders face credit crunch as banks cut lending

Huawei’s bug-ridden software hampers China’s efforts to replace Nvidia in AI

Global stocks slide as investors fret over US slowdown

Foreign investors pull out of frothy Indian equity market

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Peter Wells, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Who audits the auditors?

Tue, 03 Sep 2024 04:00:41 GMT

The UK blocks some arms shipments to Israel, audit firms are fighting against new oversight rules in the US, and the same technology that brought us Covid-19 vaccines could also be used to fight cancer. Plus, the Oasis revival tour is so popular it triggered a UK investigation into Ticketmaster.

Mentioned in this podcast:

UK to halt exports of some arms to Israel citing possible law breaches External Link

The Covid-era tech that could reinvent cancer care

Accountancy firms fight back against audit reforms

UK government to probe ‘dynamic’ pricing behind Oasis ticket price surge

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Germany’s far-right AfD makes history

Mon, 02 Sep 2024 04:00:39 GMT

Germany's far-right makes significant inroads in state elections, and Israel’s largest union calls for a general strike. Plus, so-called ‘greedlation’ becomes a campaign issue for the Democrats, and Hong Kong wants workers to smile more.

Mentioned in this podcast:

Alternative for Germany wins its first regional election

Hostage deaths build pressure on Netanyahu for Hamas deal

Greedflation and groceries

Hong Kong service workers told to smile more to attract tourists

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Is mainstream media old news for Harris and Trump?

Sat, 31 Aug 2024 04:00:23 GMT

Kamala Harris and Donald Trump have different approaches to the media: Trump talks a lot, and Harris talks a little. But the candidates share one thing in common: they’re both sceptical of mainstream outlets. The FT’s US managing editor, Peter Spiegel, and Los Angeles bureau chief, Christopher Grimes, join this week’s Swamp Notes to explain why.

Mentioned in this podcast:

Kamala Harris versus the media

‘Way too much news’: US conservatives face a fragmented media map

Read a transcript of the original episode on FT.com

CREDIT: NBC News

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The ABCs of CBDCs

Fri, 30 Aug 2024 04:00:11 GMT

Turkey’s stock rally hits reverse as juicy interest rates lure savers out of the market, and the FT’s Polina Ivanova explains how Telegram is a lifeline for both Russian and Ukrainian troops and civilians. Plus, Cornell University’s Eswar Prasad says Thailand could open a window into how central bank digital currencies might be used in future.

Mentioned in this podcast:

Turkey’s blazing stock rally falters with high rates luring savers away

War unfiltered: how Telegram straddles the Ukraine fron tline

Thailand may tell us a great deal about the future of money

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Prakriti Panwar, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ford loses its grip on the wheel

Thu, 29 Aug 2024 04:00:53 GMT

Nvidia’s record-breaking earnings still somehow disappointed investors, China’s use of the renminbi in cross-border trading is at a record high, and Berkshire Hathaway becomes the first publicly traded US company outside of tech to be valued at $1tn. Plus, Ford’s big plans to boost profits continue to fall short.

Mentioned in this podcast:

Nvidia revenue more than doubles as demand for AI chips remains strong

China’s international use of renminbi surges to record highs

Warren Buffett’s Berkshire Hathaway surges past $1tn market value

Ford shares have stalled: can CEO Jim Farley steer out of its rut?

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US-China ‘cat and mouse game’

Wed, 28 Aug 2024 04:00:20 GMT

The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, Chinese export controls on crucial semiconductor materials are starting to hit supply chains, and the fintech company Klarna plans to axe almost half of its staff in favour of artificial intelligence. Plus, Nasa is turning to Elon Musk’s SpaceX after Boeing’s Starliner, which was meant to bring two US astronauts home, suffered technical problems.

Mentioned in this podcast:

7-Eleven’s Japanese owner explores protected status to thwart foreign bid

China’s export curbs on semiconductor materials stoke chip output fears

Klarna aims to halve workforce with AI-driven gains

How will Nasa return two US astronauts stranded in space?

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Telegram CEO arrest reignites free speech debate

Tue, 27 Aug 2024 04:00:44 GMT

French authorities detain Telegram’s chief executive as part of a content moderation investigation, which has reignited the debate about free speech online. Plus, oil prices reached a two-week high as Libya says it is shutting down oil production, and Grenada triggers a first-of-its-kind ‘hurricane clause’ to pause its debt repayments.

Mentioned in this podcast:

Oil hits 2-week high after Libya says it will shut down crude exports

Grenada triggers ‘hurricane clause’ to suspend bond payments

Telegram says detained founder Pavel Durov has ‘nothing to hide’

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Money surges into the Harris campaign

Mon, 26 Aug 2024 04:00:38 GMT

Israel’s military launched a wave of air strikes in southern Lebanon on Sunday, small-dollar donations surged to Kamala Harris’s campaign after she replaced Joe Biden on the Democratic ticket, and the world’s largest aerospace and defence companies are set to rake in record levels of cash over the next three years. Plus, computer programming might be the first job function to be transformed by the latest wave of AI technology.

Mentioned in this podcast:

Top defence contractors set to rake in record cash

Israel launches strikes in Lebanon

Kamala Harris spends 10 times as much as Trump on digital ad blitz

Kamala Harris raised four times as much cash as Donald Trump in July

AI-powered coding pulls in almost $1bn of funding to claim ‘killer app’ status

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Democrats find a feeling at the DNC

Sat, 24 Aug 2024 04:00:21 GMT

Democrats from across the US gathered in Chicago for their presidential convention this week, promising to move past the Donald Trump-era of American politics. But if their newly-minted nominee, vice-president Kamala Harris, wins November’s election, she’ll have her work cut out to keep her party together. The FT’s deputy Washington bureau chief, Lauren Fedor, and US political news editor, Derek Brower, join this week’s Swamp Notes from Chicago to explain what the future of the party might look like.

Mentioned in this podcast:

Five key points from Kamala Harris’s acceptance speech

Kamala Harris vows to ‘strengthen, not abdicate’ US global leadership

Kamala Harris’s underwhelming economic agenda

CREDIT: PBS NewsHour

Read a transcript of this episode on FT.com

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A soft landing at Jackson Hole

Fri, 23 Aug 2024 04:17:32 GMT

Kamala Harris made a bid for national unity at a rapturous Democratic National Convention. Plus, all eyes are on Jackson Hole today, where the Fed will reveal how it will lower US interest rates without triggering a recession. Meanwhile, investors are hedging their bets on these cuts coming soon, sending gold soaring.

Mentioned in this podcast:

Kamala Harris pitches unity message as she makes her case to American voters

Gold goes for it

Gold hits record highs as investors bet on rate cuts

Cooling US jobs market looms over central bankers at Jackson Hole

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Japan opens for (foreign) business

Thu, 22 Aug 2024 04:00:30 GMT

PwC faces a six-month business ban in China, and Mexico’s Supreme Court judges go on strike. Plus, a potential takeover of 7-Eleven may set the tone for a new era of Japanese acquisitions.

Mentioned in this podcast:

PwC expects six-month ban in China over Evergrande audit

Mexico’s judges to strike over López Obrador’s plan to fire them

After 7-Eleven, Japan’s M&A scene may never be the same again

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia is keeping it in the kingdom

Wed, 21 Aug 2024 04:00:54 GMT

China’s flagship fund to buy up unsold housing is off to a limp start, and Saudi Arabia’s Public Investment Fund is to prioritise domestic spending. Plus, a growing number of Americans are suffering from tip fatigue.

Mentioned in this podcast:

China’s landmark property rescue plan limps off the starting line

The US tipping system is teetering

Saudi wealth fund brings era of easy money to an end

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Kamalanomics goes on defence

Tue, 20 Aug 2024 04:00:59 GMT

The US dollar sinks to its lowest level since the start of the year and Democrats are rushing to defend vice-president Kamala Harris’s economic road map. Plus, rising US-China tensions could threaten a decades-old science and technology pact.

Mentioned in this podcast:

Dollar hits 8-month low as US stocks start week higher

Democrats on defensive after Kamala Harris’s economic plans poorly received

China-US tensions erode co-operation on science and tech

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Marc Filippino, and Niamh Rowe. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Democratic convention kicks off in Chicago

Mon, 19 Aug 2024 04:00:53 GMT

Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks, and start-up failures shot up 60% in the past year. Plus, top international fashion brands are shifting orders away from Bangladesh because of recent political turmoil.

Mentioned in this podcast:

FT series: the Uninsurable World

Global fashion brands cut Bangladesh orders after turmoil

Start-up failures jump by 60% as founders face hangover from boom years

The Democratic National Convention hits Chicago

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Andrew Edgecliffe-Johnson, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Why more Latinos are voting Republican

Sat, 17 Aug 2024 04:00:56 GMT

Latino voters were once considered a reliable bet for Democrats. But with each passing election, Republicans are making more inroads with them. The FT’s Houston correspondent, Myles McCormick, and Republican political strategist, Mike Madrid, join this week’s Swamp Notes to unpack this shift.

Mentioned in this podcast:

The Latino swing voters who could decide the US election

CREDIT: Harris for President

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bonds are back, baby!

Fri, 16 Aug 2024 04:00:16 GMT

A huge US-based oilfield services company is expanding its Russian business, investors are piling into US treasuries, and US retail sales saw their biggest jump in a year and a half in July. Plus, a decade-long dispute between Coca-Cola and federal tax authorities has escalated to the point that the company could owe $16bn in back payments.

Mentioned in this podcast:

US oil services group SLB expands in Russia as competitors withdraw

Investors return to bonds as recession fears stalk markets

Strong US retail sales raise hopes of ‘soft landing’

How a $16bn tax stand-off stays unseen in Coca-Cola’s earnings

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US inflation hits lowest rate in 3 years

Thu, 15 Aug 2024 04:00:01 GMT

Peace talks aimed at ending the war in Gaza start up again today, US inflation fell to 2.9 per cent in July, and Ukrainian forces are looking to hold on to newly-seized Russian territory. Plus, Germany’s chief prosecutor has issued an arrest warrant for a Ukrainian man suspected of blowing up the Nord Stream gas pipelines.

Mentioned in this podcast:

US inflation falls to 2.9% in July

Ukrainian forces seek to hold Russian positions after capturing hundreds of troops

The competing theories of the Nord Stream explosions

Germany issues arrest warrant for Ukrainian over Nord Stream gas pipeline attacks

US-Israel talks take on fresh urgency as Middle East on edge

Stonehenge rock was shifted 400 miles from Scotland, scientists find`AQ

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Are companies bailing on fossil fuels or doubling down?

Wed, 14 Aug 2024 04:00:27 GMT

US stocks and Treasuries rallied as traders assessed lower than expected wholesale inflation data, and investors hope that abundant electricity in northern Sweden can power a new wave of industrialisation. Meanwhile, the world’s biggest publicly listed coal producer is dropping plans to ditch the commodity.

Mentioned in this podcast:

US stocks climb as soft inflation data spurs Treasury rally

Can Sweden deliver its much hyped green energy boom?

‘Cash is king’: Why Glencore kept faith with coal

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Katie McMurran,

Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Delays hit Biden’s signature manufacturing laws

Tue, 13 Aug 2024 04:00:54 GMT

Russia has trained its navy to hit European targets with nuclear-capable missiles, and 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused. Plus, we ask the FT’s Tom Hale if there could be a light at the end of the tunnel for China’s economy.

Mentioned in this podcast:

Russian navy trained to target sites inside Europe with nuclear-capable missiles

China deflation fears ease as consumer prices rise

Delays hit 40% of Biden’s major IRA manufacturing projects

Life and Art podcast: Why museums should keep their mummies and shrunken heads

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Western companies hit by Muslim country boycotts

Mon, 12 Aug 2024 04:00:00 GMT

More Americans trust Kamala Harris to handle the US economy than Donald Trump, European traders this summer are using only a fraction of Ukraine’s vast natural gas storage, and boycotts of western food and drinks brands in Muslim countries are hitting the revenues of multinationals. Plus, we look into why mid-tier US accounting firms are under increasing pressure to overhaul their networks.

Mentioned in this podcast:

Widespread boycotts in Muslim countries hammer western brands

US accounting firms rethink global networks

Bosses cut flying day trips as travel settles into permanent ‘new normal’

Kamala Harris is more trusted than Donald Trump on the US economy

European gas traders shun Ukraine storage after Russian attacks

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Siona Jenkins, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Another brick in the (blue) Walz

Sat, 10 Aug 2024 04:00:50 GMT

Kamala Harris has supercharged Democratic party voters’ enthusiasm in the weeks since President Joe Biden stepped down as the nominee. Can Tim Walz, a little-known Midwestern governor with an everyman appeal and a progressive agenda, help maintain that excitement as her vice-presidential pick? The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join this week’s Swamp Notes to discuss what Walz adds to the ticket.

Mentioned in this podcast:

Kamala Harris champions personal freedoms at first rally with Tim Walz

Why Tim Walz was Kamala Harris’s choice for vice-president

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US consumers start pinching pennies

Fri, 09 Aug 2024 04:00:08 GMT

The stock market sell-off earlier this week may have been a bit of an overreaction, and overall consumer spending has been struggling recently. Plus, the FT’s Christopher Miller explains what Ukraine’s surprise counteroffensive in Russia means.

Mentioned in this podcast:

Everyone calm down

US consumer spending slowdown weighs on travel and leisure groups

Battles rage in Russia as Kyiv advances in war’s largest counter-incursion

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Google and Meta’s secret deal

Thu, 08 Aug 2024 04:00:57 GMT

Google and Meta struck a secret ads deal to target teenagers, and the FT reports that the UK’s biggest private pension fund dumped £80mn of Israeli assets. Plus, the FT’s Benjamin Parkin updates us on the situation in Bangladesh.

Mentioned in this podcast:

Google and Meta struck secret ads deal to target teenagers

UK’s biggest private pension fund dumps £80mn of Israeli assets

How the world’s longest-serving female leader was toppled

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can athletics vault into profitability?

Wed, 07 Aug 2024 04:00:01 GMT

Wall Street stocks rebounded yesterday as the markets stabilised from a global rout, Disney is raising its streaming prices and Chinese bonds are causing a lot of anxiety for the country’s lawmakers. Plus, the FT’s Sara Germano talks about the effort to make track and field more popular outside the Olympics.

Mentioned in this podcast:

Wall Street stages partial rebound after Japanese stocks surge

Chinese yields hit record lows as investors defy central bank warnings

Kamala Harris chooses Tim Walz as running mate in US presidential election

Disney to lift streaming prices by as much as 25% in October

Can athletics win a big audience outside the Olympics?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Stock indices get a case of the Mondays

Tue, 06 Aug 2024 04:00:50 GMT

Major stock indices were significantly down around the world yesterday. Plus, the FT’s Lucy Fisher explains why the far right is rioting in England and what the government is doing about it.

Mentioned in this podcast:

US stocks finish sharply lower to close out global market rout

Why global investors find it so easy to sell Japan

Why are the far right rioting in England?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK leaders court US investors

Mon, 05 Aug 2024 04:00:41 GMT

UK chancellor Rachel Reeves begins a three-day visit to New York and Toronto on Monday in an attempt to sell Britain as “a stable place to do business,” asset managers fret as high-yield savings and caution over market volatility have left up to $1.5tn out of the market, commodity bulls’ dash for the exit sends prices tumbling.

Mentioned in this podcast:

UK chancellor to court investors in visit to New York

EU capitals set to back tariffs on Chinese electric cars, trade chief says

Commodity bulls’ dash for the exit sends prices tumbling

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Three Party Problem

Sat, 03 Aug 2024 04:00:55 GMT

Only two political parties — the Republicans and the Democrats — have controlled the White House since 1853. However, candidates from other parties still run in presidential elections. The FT’s Washington reporter, Steff Chávez, and US business and politics correspondent, Alex Rogers, join this week’s Swamp Notes to explain how third-party candidates could impact the 2024 US presidential race.

Mentioned in this podcast:

Robert Kennedy Jr launches independent bid for US president

Robert Kennedy Jr taps nostalgia in bid to upset Donald Trump and Joe Biden

Election Countdown newsletter

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

An historic prisoner swap

Fri, 02 Aug 2024 04:00:51 GMT

Investors were not happy with Amazon’s earnings report and Russia agreed to a historic prisoner swap with western countries. Plus, the FT’s Tommy Stubbington discusses how markets might react to a week of important central bank interest rate decisions.

Mentioned in this podcast:

Amazon earnings jump on cloud computing strength but margins narrow

A momentous week for central banks

US journalist Evan Gershkovich released in Russia prisoner swap

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tensions escalate between Iran and Israel

Thu, 01 Aug 2024 04:00:53 GMT

An interest rate cut could be on the table for the Federal Reserve’s next meeting, conflict in the Middle East is intensifying, and the Nasdaq composite jumped 2.7% on Wednesday. Plus, the FT’s Barney Jopson explains the recent wave of backlash against tourists.

Mentioned in this podcast:

Powell says September rate cut ‘on the table’ after Fed notes ‘some further progress’ on inflation

Assassinated: the arch-enemies of Israel killed in twin strikes

The cost of Europe’s backlash against tourists

CREDIT: The Telegraph

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Miami: a rare bright spot in US office real estate

Wed, 31 Jul 2024 04:00:41 GMT

Microsoft’s AI-fuelled cloud growth fell slightly short of investors’ expectations, the cost of a luxury office space in Miami smashed records, and London’s stock market has fallen behind in mining company listings. Plus, the FT’s Humza Jilani explains how Pakistan’s banks are benefitting from mounting government debt.

Mentioned in this podcast:

Microsoft shares fall as cloud growth fails to impress Wall Street

Cost of Miami office space hits record high

Pakistan’s banks enjoy soaring profits on interest from mounting government debt

London loses its historic grip on global mining sector listings

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The EU’s trade plan for a potential second Trump term

Tue, 30 Jul 2024 04:00:06 GMT

Britain’s new finance minister blamed the previous Conservative government for a £22bn fiscal hole, and Venezuela’s President Nicolás Maduro is facing international pressure to back up his claim of winning re-election. Plus, the FT’s Andy Bounds explains the EU’s trade strategy to deal with a potential second Trump presidency.

Mentioned in this podcast:

Reeves announces ‘incredibly tough choices’ to plug £22bn fiscal hole

Pressure mounts on Venezuela’s Nicolás Maduro over contested presidential vote

EU prepares two-step trade plan to tackle Donald Trump

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Tech’s Big Stumble

Mon, 29 Jul 2024 04:00:26 GMT

Losses in big tech stocks as investors punish companies over earning reports. The Bank of England may vote to reduce interest rates this week. Fallout after a Hizbollah attack on the Golan Heights.

Mentioned in this podcast:

US markets suffer worst day since 2022 as Tesla and AI stocks fall

BoE rate decision hangs on a knife edge as divided policymakers prepare to meet

Hizbollah drone footage highlights Israeli security vulnerabilities

Read a transcript of this episode on FT.com

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Swamp Notes: Should Kamala Harris embrace identity politics?

Sat, 27 Jul 2024 04:00:01 GMT

If Kamala Harris wins the Democratic nomination next month, she would be only the second woman or person of colour that either major US party has ever nominated for president. On this week’s Swamp Notes, the FT’s US national columnist and editor, Edward Luce, and deputy Washington bureau chief, Lauren Fedor, explain why Harris probably won’t lean into her race or gender on the campaign trail.

Mentioned in this podcast:

Kamala Harris memes resonate with Gen Z voters

Harris vs. Trump: America’s sudden gender election

Credit: Fox News

Read a transcript of this episode on FT.com

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How the Olympics could reshape Paris

Fri, 26 Jul 2024 04:00:37 GMT

Elon Musk is looking to inject $5bn into an AI start-up, and Venezuela’s election on Sunday will decide whether Nicolás Maduro will stay in office for more than a decade. Plus, the FT’s Simon Kuper explains how big infrastructure updates in Paris might shake up the cultural and political boundaries of the city.

Mentioned in this podcast:

Elon Musk to seek Tesla board approval for $5bn injection into xAI start-up

Venezuela’s opposition bets Maduro has miscalculated this time

Paris, the Olympics and the reinvention of a city

Read a transcript of this episode on FT.com

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Are Indian investors sitting on a bubble?

Thu, 25 Jul 2024 04:00:07 GMT

Biden says it’s time to ‘pass on the torch’, China and the Philippines struck a deal to reduce tensions in the South China Sea, and the Nasdaq composite fell 3.6 per cent yesterday. Plus, the FT’s Chris Kay explains how young investors are gambling on Indian stocks.

Mentioned in this podcast:

The flashpoints that threaten a détente between China and the Philippines

Beijing and Manila strike deal to reduce tensions in South China Sea

US stocks sink after Big Tech earnings disappoint

The young investors gambling on Indian stocks

Credit: ABC NEWS

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Investors roll the dice on prediction markets

Wed, 24 Jul 2024 04:00:26 GMT

Tesla’s net income fell by 45 per cent, investors think Donald Trump will be back in the White House, and the director of the US Secret Service resigned after an operational failure. Plus, the FT’s Jennifer Hughes talks about investors betting on politics in prediction markets.

Mentioned in this podcast:

Tesla misses profit estimates as electric vehicle deliveries slow

Prediction markets tipped for new growth as US trader interest mounts

US Secret Service head resigns over Donald Trump assassination attempt

Markets reassess ‘Trump trades’ after Joe Biden withdraws from race

The Unhedged podcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jake Harper, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Kamala Harris takes the stage

Tue, 23 Jul 2024 04:00:30 GMT

The US Congress interrogated its Secret Service chief yesterday, and Kamala Harris is gearing up her prospective presidential campaign. Plus, the FT’s Christian Davies explains how Samsung’s labour crisis is complicating its efforts to capitalise on a booming market for semiconductors.

Mentioned in this podcast:

US Secret Service chief says Donald Trump shooting worst ‘failure’ in decades

What do we know about Kamala Harris’s chances against Donald Trump?

Samsung’s ‘chip crisis’: AI ambitions hit by unprecedented worker unrest

Luxury brands roll out 50% discounts as Chinese shoppers rein in spending

Read a transcript of this episode on FT.com

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Joe Biden drops out of US presidential race

Mon, 22 Jul 2024 04:00:38 GMT

US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, and India’s prime minister Narendra Modi faces an early test to his third term in office. Plus, the UK’s new chancellor, Rachel Reeves, will present a fiscal statement to parliament later this month.

Mentioned in this podcast:

Joe Biden drops out of 2024 US presidential election race and endorses Kamala Harris

Labour’s moment to blame, borrow and tax

India’s Narendra Modi faces budget demands from ‘kingmaker’ allies

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: Trump pushes unity at Republican National Convention

Sat, 20 Jul 2024 04:00:22 GMT

Republicans gathered in Milwaukee, Wisconsin, for their convention this week, just days after their party leader was nearly assassinated. The presidential nominee, Donald Trump, started off with a message of unity. However, it’s unclear if that message will stick. The FT’s deputy Washington bureau chief Lauren Fedor and US political news editor Derek Brower discuss this new layer for the Republican party. Credit: Associated Press, ABC News

Mentioned in this podcast:

Donald Trump pledges tax cuts, trade wars and border crackdown

JD Vance proclaims ‘America first’ as Republicans embrace economic populism

Read a transcript of this episode on FT.com

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Trump accepts the Republican nomination

Fri, 19 Jul 2024 04:25:21 GMT

Donald Trump formally accepted the Republican party nomination for president. HSBC’s new chief executive, Georges Elhedery, will face a unique set of challenges while transitioning into the role, and the European Central Bank decided to keep interest rates unchanged yesterday. Plus, the FT’s Clive Cookson talks about the revival of the space race. Credit: NASA, BBC, NDTV, Global News

Mentioned in this podcast:

Donald Trump recounts near death by gunman in speech to Republican convention

Can HSBC’s new chief finish what Noel Quinn started?

ECB keeps interest rate at 3.75%

What do we gain from going back to the Moon?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Viktor Orbán’s world tour irks the EU

Thu, 18 Jul 2024 04:00:13 GMT

Chip stocks dipped yesterday after Trump’s comments rattled investors, the EU spoke up against Viktor Orbán’s recent travels, and a bid to force Amazon to recognise a union failed in the UK. Plus, the FT’s Madhumita Murgia explains what Yandex’s move into Europe signifies.

Mentioned in this podcast:

Chip stocks tumble as Trump comments rattle investors

Donald Trump has ‘well-founded plans’ for Russia-Ukraine peace talks, Viktor Orbán claims

Amazon beats back union bid for UK recognition

Yandex founder to build AI business in Europe after Russia exit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Nigeria gambles with economic shock therapy

Wed, 17 Jul 2024 04:00:07 GMT

The UK Labour government will present its plans for the upcoming year in the King’s Speech, and Morgan Stanley experienced a slowdown in growth despite a 40 per cent profit increase. Plus, the FT’s Aanu Adeoye explains the Nigerian president’s plans to revive the country’s economy.

Mentioned in this podcast:

Starmer plans to introduce AI bill in King’s Speech

Will shock therapy revive Nigeria’s economy — or sink it further?

Morgan Stanley’s wealth business stumbles even as profits jump

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Trump’s JD Vance strategy

Tue, 16 Jul 2024 04:00:35 GMT

Donald Trump announced Ohio senator JD Vance as his vice-presidential nominee yesterday, and a US judge dismissed a criminal case over the former president’s handling of classified documents. Plus, the FT’s Mehul Srivastava explains why the Gaza pier built by the US hasn’t been as effective as intended.

Mentioned in this podcast:

Donald Trump picks Ohio senator JD Vance as 2024 running mate

Judge dismisses classified documents case against Donald Trump

How the US’s $230mn Gaza pier became a ‘colossal failure’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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What’s next after Trump assassination attempt

Mon, 15 Jul 2024 04:00:10 GMT

The US Congress launches a probe into ‘inexcusable’ security failings following the Pennsylvania rally shooting, and workers at an Amazon warehouse in the UK await results from a union ballot. Plus, the UK’s home building ambitions might be a bit of a slog. Credit: AP

Mentioned in this podcast:

Trump calls for unity in face of ‘evil’ after surviving assassination attempt

Donald Trump injured in attempted assassination at Pennsylvania rally

Housebuilders warn construction lag could weigh on Labour housing Amazon launches anti-union charm offensive ahead of UK workers’ vote

Survey link: http://ft.com/FTsurvey2024

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: Conservatives have big plans for the judicial branch

Sat, 13 Jul 2024 04:00:53 GMT

As president, Donald Trump appointed three conservative justices to the Supreme Court and hundreds of conservative judges to benches across the judicial branch. These justices and judges have handed down several controversial decisions that have reshaped important aspects of American life. The FT’s US legal and enforcement correspondent, Stefania Palma, and professor of presidential studies at the University of Virginia, Barbara Perry, join this week’s Swamp Notes to discuss where the conservative legal movement is going next.

Mentioned in this podcast:

US Supreme Court deals blow to agencies’ rulemaking authority

US Supreme Court says Donald Trump immune for ‘official acts’ as president

Read a transcript of this episode on FT.com

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Double-edged sword of deregulation

Fri, 12 Jul 2024 04:00:42 GMT

US inflation fell to 3 per cent, and China’s Communist party leaders will meet next week to discuss the country’s economy. Plus, the FT’s Brooke Masters talks about the risks that come with deregulation.

Mentioned in this podcast:

US inflation falls to 3% in June

China plays down hopes for ‘strong medicine’ at top economic policy meeting

US businesses may soon find that deregulation comes with risks

Survey link: http://ft.com/FTsurvey2024

Survey terms & conditions: http://www.ft.com/globalsurvey/terms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Investors serve, can women’s tennis volley?

Thu, 11 Jul 2024 04:00:45 GMT

Archegos founder Bill Hwang found guilty of fraud, investors are selling off risky US junk bonds, and women’s tennis is getting big investments from Saudi Arabia and private equity firms. Plus, the FT’s Ryan McMorrow explains how Amazon is fighting back against rivals like Temu and Shein.

Mentioned in this podcast:

Archegos founder Bill Hwang found guilty over fund’s collapse

Investors shun riskier junk bonds as bankruptcy filings jump

Saudi wealth bolsters WTA’s ambitions for women’s tennis

Amazon set to take on Temu and Shein with new discount section

Survey link: http://ft.com/FTsurvey2024

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Read a transcript of this episode on FT.com

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Iran’s reformist(ish) future

Wed, 10 Jul 2024 04:00:03 GMT

A Russian missile that destroyed a children’s hospital in Kyiv used western technology, investment banking is picking back up, and Shein is injecting €200mn in cash to tackle fashion waste. Plus, the FT’s Najmeh Bozorgmehr explains if Iran’s new pro-reform president can make a difference.

Mentioned in this podcast:

Type of Russian missile that struck Kyiv children’s hospital uses western components

Masoud Pezeshkian: the heart surgeon who became Iran’s president-elect

Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval

Survey link: http://ft.com/FTsurvey2024

Survey terms & conditions: http://www.ft.com/globalsurvey/terms

Read a transcript of this episode on FT.com

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Nike’s new game plan

Tue, 09 Jul 2024 04:00:26 GMT

Nato leaders are meeting for its 75th anniversary summit amid tensions within their countries, and Europe’s battery industry is feeling the impact of the global slowdown in electric car sales. Plus, the FT’s Sara Germano explains the reasons behind Nike’s worst single-day performance on the stock market since 1980.

Mentioned in this podcast:

Nato allies to pledge €40bn for Ukraine amid domestic turmoil

Europe’s battery industry hit by EV slowdown and Chinese competition

Downturn of the Swoosh: how Nike took its eye off the ball

Air Jordan commercial

Survey link: http://ft.com/FTsurvey2024

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Read a transcript of this episode on FT.com

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The leftwing stuns France

Mon, 08 Jul 2024 04:00:33 GMT

France’s anti far-right alliance is on track to halt the rise of Marine Le Pen’s Rassemblement National, Labour’s landslide win is set to enhance the attractiveness of UK markets, and scientists said that this year was on track to become the warmest on record. Plus, the Chinese province closest to Taiwan seeks greater ties, but businesses aren’t biting. Credit: Washington Post, CNN, AFP

Mentioned in this podcast:

Leftwing surge thwarts far right in French election, polls suggest

UK stands out for its stability after election landslide, say investors

Investors shy away from China’s ‘Taiwan Town’ as tensions rise

World on track for hottest year as seas reach record levels for 15 months in a row

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Labour wins UK election by a landslide

Fri, 05 Jul 2024 03:37:41 GMT

Rightwing populist party Reform UK makes inroads. Viktor Orbán set to hold meeting with Vladimir Putin to discuss Ukraine peace.

Mentioned in this podcast:

UK general election live

Viktor Orbán to meet Vladimir Putin after Kyiv trip

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Robo DJ: YouTube invests in AI-generated music

Thu, 04 Jul 2024 04:00:28 GMT

SoftBank is looking to invest in AI despite pressure to offer a share buyback, Shell is pausing construction on one of its biggest energy transition projects, and the Labour party is expected to win the UK election by a landslide. Plus, the FT’s Anna Nicolaou explains how YouTube is trying to negotiate a deal with record labels over music created by AI.

Mentioned in this podcast:

SoftBank to prioritise AI deals over share buybacks despite pressure from Elliott

Shell pauses construction at one of Europe’s biggest biofuels plants

YouTube in talks with record labels over AI music deal

Labour set for landslide win in UK general election

Joe Biden set for talks with senior Democrats as crisis deepens

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Denmark’s cow tax is more than just hot air

Wed, 03 Jul 2024 04:00:02 GMT

The EU is planning to impose duties on substandard Chinese goods, Panama’s president wants to close the Darién gap, and Joe Biden is under pressure to explain his fitness to run for office. Plus, the FT’s Attracta Mooney explains how Denmark is implementing the world’s first carbon tax on agriculture.

Mentioned in this podcast:

EU takes aim at China’s Temu and Shein with proposed import duty

Denmark to charge farmers €100 a cow in first carbon tax on agriculture

Panama will close notorious Darién Gap to migrants, president vows

Joe Biden to meet Democratic governors amid concern over his fitness for race

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Unpacking the US Supreme Court Trump immunity ruling

Tue, 02 Jul 2024 04:00:48 GMT

Western banks have cut their workforces in China, the US Supreme Court ruled that former president Donald Trump cannot be prosecuted for his ‘official’ actions, and Amazon has turned its first international profit in four years. Plus, the FT’s Leo Lewis explains how online competitors are affecting Japan’s regional banks.

Mentioned in this podcast:

Global investment banks’ China expansion goes into retreat

US Supreme Court says Donald Trump immune for ‘official acts’ as president

Amazon’s international unit on track to swing into annual profit

Threat of deposit exodus haunts Japan’s regional banks

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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First round victory for French far-right

Mon, 01 Jul 2024 04:00:30 GMT

Marine Le Pen’s far-right party has battered President Emmanuel Macron’s centrist alliance in the first round of snap parliamentary elections, US stock markets performing better than expected at the midyear point, and Morgan Stanley will join Goldman and JPMorgan in scrapping UK bonus caps.

Mentioned in this podcast:

French voters turn out in record numbers

Wall Street’s last remaining bears struggle to convince optimistic clients

Morgan Stanley to join Goldman and JPMorgan in scrapping UK bonus cap

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Martin Wolf on democracy’s year of peril

Sun, 30 Jun 2024 04:00:00 GMT

Martin Wolf is worried about the threat autocrats pose to liberal democracies. Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, but in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In this episode, Martin spells out his concerns to the FT’s executive opinion editor, Jonathan Derbyshire, and they discuss what Martin has gleaned from his conversations with Robert Kagan, Fiona Hill, Anne Applebaum and Raghuram Rajan. Did they ease his concerns in any way?

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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Swamp Notes: After the debate, is this it for Biden?

Sat, 29 Jun 2024 04:00:45 GMT

Joe Biden went into Thursday night’s CNN presidential debate hoping to assuage concerns over his mental acuity and fitness for office. But his performance only heightened those concerns — and may even force Democrats to reconsider their standard-bearer. The FT’s deputy Washington bureau chief, Lauren Fedor, and Washington reporter, Steff Chavez, join this week’s Swamp Notes podcast to explain why. Credit: CNN Presidential Debate, NBC News, ABC News

Mentioned in this podcast:

Democrats panic as Biden stumbles in bad-tempered debate with Trump

The big moments from the Biden-Trump debate

Read a transcript of this episode on FT.com

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A final goodbye to EY’s Project Everest?

Fri, 28 Jun 2024 04:00:58 GMT

The US is inviting foreign ministers from Israel and Arab countries to the Nato summit next month, EY’s new global chief executive confirmed that the firm will not split in two, and Thames Water is on the brink of a financial collapse. Plus, the FT’s Lucy Fisher explains why immigration is an important issue in the UK elections.

Mentioned in this podcast:

US invites Arab and Israeli ministers to Nato anniversary summit

New EY chief rules out reviving plan to split Big Four firm in two

Neither politicians nor the public think straight on immigration

Thames Water warns ageing assets pose ‘risk to public safety’

Read a transcript of this episode on FT.com

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Protests push Kenya to abandon tax rises

Thu, 27 Jun 2024 04:00:28 GMT

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa.

Mentioned in this podcast:

India braced for billions of dollars of inflows as bonds added to JPMorgan index

Kenya’s president drops tax rises after deadly protests

Billionaire under sanctions could get $300mn in controversial US-Congo deal

CREDIT: WSJ, KBC Channel 1

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Brussels strikes back against Big Tech

Wed, 26 Jun 2024 04:00:42 GMT

Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in clean energy is set to hit $2tn and the EU charged Microsoft for violating antitrust laws yesterday. Plus, the FT’s Emma Agyemang explains why a deadlock in the US Senate is threatening to upend a global tax treaty.

Mentioned in this podcast:

Rivian shares soar on Volkswagen plan to invest up to $5bn

Clean tech investment set to hit $2tn in 2024

EU charges Microsoft with antitrust violations over Teams

Global tax truce frays over fears of US Senate deadlock

Do you have questions about the US election? Drop us a voice note here and we may play your question on Swamp Notes!

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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UK’s wealthy foreigners look for the exits

Tue, 25 Jun 2024 04:00:51 GMT

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.

Mentioned in this podcast:

Chinese companies seek assurances from Malaysia over US tariffs

Can Nvidia stay at the heart of the new AI economy?

Wealthy foreigners step up plans to leave UK as taxes increase

Brazilian markets hit by investor worries over Lula’s spending plans

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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India’s AI boom

Mon, 24 Jun 2024 04:00:07 GMT

The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, and agencies representing TikTok’s biggest advertisers are drawing up contingency plans as the US prepares to ban the popular video app. Plus, Amazon and Microsoft are scaling up infrastructure investments for artificial intelligence in India.

Mentioned in this podcast:

EU devises legal loophole to bypass Hungary veto on support for Ukraine

European CLO issuance hits record rate as investors chase yields

India pulls in tech giants for its AI ambitions

TikTok advertisers prepare contingency plans as US ban looms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Martin Wolf and Fiona Hill on democracy’s year of peril

Sun, 23 Jun 2024 04:00:16 GMT

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council in the Trump White House from 2017 to 2019, tells Martin Wolf about the parallels she sees between Donald Trump and Vladimir Putin, why she believes the US Congress has failed and how she will not be breathing a sigh of relief if President Joe Biden wins in the November polls. Clips: The Times, The Sunday Times, CSpan

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

Read a transcript of this episode on FT.com

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Swamp Notes: Biden’s climate agenda runs out of steam

Sat, 22 Jun 2024 04:00:28 GMT

Americans have inflation and foreign policy on their minds this election. That means that President Joe Biden’s ambitious climate achievements aren’t resonating with voters – especially young voters – the way his administration expected. The FT’s US climate reporter, Aime Williams, and Washington bureau chief, James Politi, join this week’s Swamp Notes podcast to explain why.

Credit: ESPN

Mentioned in this podcast:

How Joe Biden’s climate push fell flat with Gen Z voters

Why Americans are not buying more EVs

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The shifting tectonic plates of UK politics

Fri, 21 Jun 2024 04:00:59 GMT

Credit agencies have misrated more than $100bn of commercial real estate debt, new election polls suggest the UK could be in for a seismic political shift, and the Philippines has been secretly reinforcing a dilapidated warship marooned on a South China Sea reef. Plus, drilling for naturally occurring hydrogen gas was deemed unfeasible, but prospectors now think differently.

Mentioned in this podcast:

Poll predicts Rishi Sunak to lose seat in Tory wipeout

Why we can’t be sure of the size of the Labour swing

How a cigarette sparked a slow-burn search for buried ‘gold’ hydrogen

Philippines secretly reinforces ship at centre of South China Sea dispute

Ratings agencies give high marks to bonds financing defaulted properties

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bank robberies in Gaza

Thu, 20 Jun 2024 04:00:38 GMT

Hamas-backed militants orchestrate bank heists, the ECB raises alarm over Eurozone debt, Malaysia courts Chinese investment, and Softbank debuts “EmotionCancelling” AI.

Mentioned in this podcast:

Premier Li Qiang’s visit has Malaysia wanting more from China pivot

Armed gangs stage bank heists in Gaza

This episode of FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Persis Love, Mischa Frankl-Duval. Additional help from Sonja Hutson, Kasia Broussalian and Marc Filippino. Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Nvidia claims top spot

Wed, 19 Jun 2024 04:00:02 GMT

Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, and Silicon Valley companies are screening their staff for Chinese spying. Plus, the FT’s Saffeya Ahmed unpacks Shein’s tumultuous journey to go public.

Mentioned in this podcast:

Nvidia vaults past Apple and Microsoft to become world’s most valuable company

Apple supplier TDK claims solid-state battery breakthrough

Behind the Money: The wrinkle in Shein’s IPO plans

Shein switches focus to London after New York IPO stalls

Silicon Valley steps up employee screening over Chinese espionage threat

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Kyra Assibey-Bonsu, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Mr OpenAI goes to Washington

Tue, 18 Jun 2024 04:00:30 GMT

French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’s Cristina Criddle explains why OpenAI is expanding its global affairs unit.

Mentioned in this podcast:

French businesses court Marine Le Pen after taking fright at left’s policies

OpenAI expands lobbying team to influence regulation

Bill Gross seeks to set record by selling stamp collection for up to $20mn

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Defence sector goes on a hiring spree

Mon, 17 Jun 2024 04:00:46 GMT

Major defence companies are recruiting workers at the fastest rate since the end of the cold war, global leaders were able to reach a consensus on major issues during the G7 summit, and big Chinese companies are turning to the convertible bond market. Plus, investors are flocking to the local currency bonds of one-time emerging market pariahs.

Mentioned in this podcast:

Chinese companies rush to tap US convertible bond market

Frontier emerging markets lure investors back with high yields

G7 threatens China with further sanctions over Russia war support

Global defence groups hiring at fastest rate in decades amid record orders

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf and Raghuram Rajan on democracy’s year of peril

Sun, 16 Jun 2024 04:00:05 GMT

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Elections across the Atlantic

Sat, 15 Jun 2024 04:00:34 GMT

Margaret Thatcher’s election in 1979 foreshadowed Ronald Reagan’s a year later, and the Brexit vote in 2016 took place just months before Donald Trump’s stunning presidential victory. The FT’s Whitehall editor, Lucy Fisher, and US politics news editor, Derek Brower, join this week’s Swamp Notes to explain why British and American politics often rhyme, and what the phenomenon could mean for upcoming elections in both countries.

Mentioned in this podcast:

Parallel US and UK elections could bring dangers

Nigel Farage’s Reform UK overtakes Conservatives in new opinion poll

From the Political Fix podcast: “the Tories’ ‘kitchen sink’ manifesto”

Read a transcript of this episode on FT.com

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The target painted on Chinese EVs

Fri, 14 Jun 2024 04:00:58 GMT

Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?

Mentioned in this podcast:

Japan’s top carmakers caught in widening testing scandal

What the EU’s tariffs on electric vehicles mean for China

Keir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launch

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Fed lays out rate cut plans

Thu, 13 Jun 2024 04:00:34 GMT

The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch’ on AI models.

Mentioned in this podcast:

Fed officials signal just one interest rate cut before end of 2024

Silicon Valley in uproar over Californian AI safety bill

US inflation falls to 3.3% in May in boost to markets

Terraform Labs to pay $4.5bn in SEC fraud case

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Central banks are scooping up the US dollar

Wed, 12 Jun 2024 04:11:17 GMT

Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to the US dollar has increased sharply this year, the EU plans to put hefty tariffs on Chinese electric vehicles, and the UK Tories' manifesto lays out billions in tax cuts. Plus, the FT’s Christine Murray explains why Mexico's peso slid after president-elect Claudia Sheinbaum proposed reforms.

Mentioned in this podcast:

EU to impose multi-billion euro tariffs on Chinese electric cars

Global central banks plan to increase dollar reserves, survey suggests

Rishi Sunak pledges £17bn in tax cuts to revive Tory election bid

Mexico’s president-elect vows to press ahead with controversial judicial overhaul

Shari Redstone ends talks with Skydance Media over deal to control Paramount

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Victoria Mortimer, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Apple catch up in the AI race?

Tue, 11 Jun 2024 04:00:52 GMT

Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, and private equity groups are snapping up US accounting firms. Plus, President Emmanuel Macron stunned France on Sunday when he called snap parliamentary elections. The FT’s Leila Abboud unpacks what happens next for the country.

Mentioned in this podcast:

Apple partners with OpenAI as it rolls out new artificial intelligence system

Private equity groups poised to own one in three top US accounting firms

Emmanuel Macron gambles on snap French election after Marine Le Pen victory in EU vote

Why Emmanuel Macron went all in against Marine Le Pen

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Far right makes big gains in Europe

Mon, 10 Jun 2024 04:00:09 GMT

Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency government, and Iranian authorities have disqualified prominent moderates as candidates in the snap presidential election. Plus, global investors are turning their backs on sustainability-focused stock funds.

Mentioned in this podcast:

Far-right parties make significant gains in European parliament elections

Investors pull cash from ESG funds as performance lags

Iran promotes hardliners as presidential candidates

Benny Gantz resigns from Israel government over Gaza

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prarkiti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf and Anne Applebaum on democracy’s year of peril

Sun, 09 Jun 2024 04:00:06 GMT

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the second of this five-part series, the FT’s renowned economics commentator, Martin Wolf, speaks to the author and journalist Anne Applebaum, who’s witnessed first hand some of the seismic shifts that have taken place in America and Europe. They talk about how the newly elected Polish government is trying to veer the country away from the illiberal path taken by the previous administration, and spell out what’s at stake for the world if Donald Trump wins a second term as US president. Clip: The Guardian

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Silicon Valley warms to Trump

Sat, 08 Jun 2024 04:00:00 GMT

Few of Silicon Valley’s biggest names supported Donald Trump in 2016 or 2020. Now, some of them are holding multimillion- dollar fundraisers for him. The FT’s US business and politics correspondent, Alex Rogers, and tech correspondent, Hannah Murphy, join this week’s Swamp Notes to explain why Big Tech is abandoning Joe Biden.

Mentioned in this podcast:

Donald Trump fundraiser latest sign of support in Silicon Valley

Silicon Valley elite warms to Donald Trump

Biden camp hits out at Elon Musk and ‘sucker’ Donald Trump

Do you have questions about the US election? Drop us a voice note here and we may play your question on the show!

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The European Central Bank’s cautious first step

Fri, 07 Jun 2024 04:00:28 GMT

The European Central Bank has cut interest rates for the first time in nearly five years, and the European Commission will recommend the start of EU accession talks with Ukraine this month.

Plus, the FT’s Katie Martin explains how optimistic we should be about a revival of the London Stock Exchange.

Mentioned in this podcast:

ECB cuts interest rates for first time in five years

A cautious revival of the London IPO market

Ukraine ready for EU membership talks, Brussels says

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The split road for South Africa

Thu, 06 Jun 2024 04:00:31 GMT

Nvidia’s market value briefly rose past $3tn to overtake Apple as the world’s second-most valuable company, South Africa’s African National Congress party is considering the formation of a national unity government with rival parties, and UK Prime Minister Rishi Sunak was accused on Wednesday by Sir Keir Starmer of “resorting to lies” over Labour’s tax plans. Plus, a US appeals court has tossed out new rules that would have forced private equity and hedge funds to be more transparent.

Mentioned in this podcast:

Nvidia’s market value powers past $3tn in AI-fuelled rally

Keir Starmer accuses Rishi Sunak of ‘lying’ over Labour £2,000 tax claim

ANC considers national unity government in South Africa

New SEC rules on private funds thrown out by US appeals court

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Opec+’s production conundrum

Wed, 05 Jun 2024 04:00:03 GMT

Gazprom is unlikely to recover gas sales lost as a result of Vladimir Putin’s full-scale invasion of Ukraine for at least a decade, India’s Prime Minister Narendra Modi is set to win a historic third term, job openings, vacancies and quits data provided more evidence of a cooling labour market in the US. Plus, Opec+ might be losing ground in its fight to prop up oil prices.

Mentioned in this podcast:

Gazprom badly hurt by Ukraine war, says company-commissioned report

Narendra Modi set to lose parliamentary majority in shock Indian election result

India election strips Narendra Modi of his ‘aura of invincibility’

Opec+ is running out of road

US labour market cools in April, relieving pressure on the Fed

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Investors to delivery apps: where’s my profit?

Tue, 04 Jun 2024 04:00:10 GMT

US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, food delivery apps put new focus on profits despite slower growth following the coronavirus pandemic, and a new podcast from the Financial Times explores the fallout since Qatargate.

Mentioned in this podcast:

Food delivery apps rack up $20bn in losses in fierce battle for diners

Indian markets hit record highs as exit polls forecast Modi victory

Sunak and Starmer set to clash in first UK election leaders’ debate

Untold: Power for Sale. Subscribe or listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Russia-China pipeline deal stalls

Mon, 03 Jun 2024 04:00:18 GMT

Russia and China are deadlocked over a deal to build a gas pipeline connecting the two countries, far-right parties in Europe are gaining ground with younger voters, technical trouble could hamper Tesla’s upcoming shareholder election, and disagreement at OpenAI over safety and leadership has led to top level resignations.

Mentioned in this podcast:

Russia-China gas pipeline deal stalls over Beijing’s price demands

Internal divisions linger at OpenAI after November’s attempted coup

Tesla’s many international retail investors unable to cast AGM vote

How the far right is winning over young Europeans

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf and Robert Kagan on democracy’s year of peril

Sun, 02 Jun 2024 04:00:20 GMT

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the first of this five-part series, the FT’s renowned economics commentator Martin Wolf tells executive opinion editor Jonathan Derbyshire why he worries about the consequences for the future of democratic institutions. Martin then speaks to Robert Kagan, a neoconservative scholar and a senior fellow at the Brookings Institution in Washington, about what a victory, or defeat, for Donald Trump might mean for the future of US democracy.

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

Clip: CNBC

This episode is presented by Jonathan Derbyshire and Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Trump verdict is in

Sat, 01 Jun 2024 04:00:03 GMT

Former US president Donald Trump was found guilty on 34 felony charges of falsifying business records on Thursday, a first for any current or former American president. However, with the Republican nomination all but secured, the conviction may do little to knock Trump’s reelection campaign off course. The FT’s US managing editor, Peter Spiegel, and US legal correspondent, Joe Miller, join this week’s Swamp Notes to explain why.

Mentioned in this podcast:

Donald Trump found guilty on all counts in ‘hush money’ trial

Trump’s guilty verdict puts America’s political system on trial

Donald Trump is a convicted felon. Will Americans still vote for him?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump guilty on all counts

Fri, 31 May 2024 04:00:56 GMT

Donald Trump has been found guilty of conspiring to buy the silence of a porn actor and Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco. Plus, European oil majors are left at a disadvantage in several areas when it comes to M&A.

Mentioned in this podcast:

Donald Trump found guilty on all counts in ‘hush money’ trial

Saudi Arabia to sell $12bn worth of Aramco shares

Why the European oil megamerger has not gushed forth

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Private equity now says sharing is caring

Thu, 30 May 2024 04:00:08 GMT

Europe has only a fraction of the air defence capabilities needed to protect its eastern flank, BHP’s £39bn takeover bid for Anglo American has collapsed, and Israel bonds are a hot commodity in US municipalities. Plus, the FT’s Brooke Masters explains why private equity firms are pivoting towards profit sharing.

Mentioned in this podcast:

Nato has just 5% of air defences needed to protect eastern flank

Israel’s borrowing spree reaches Palm Beach as US municipalities pile in

BHP’s £39bn pursuit of Anglo American collapses

Higher rates have changed the game for private equity

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A pivotal election for South Africa

Wed, 29 May 2024 04:00:34 GMT

Hess shareholders approved a controversial takeover bid from Chevron, and South Africans vote today in the most contested election since the end of apartheid,Plus, the FT’s James Kynge argues that China is winning the tech war with the US.

Mentioned in this podcast:

South Africa’s ‘lost leader’ faces the end game

Georgia adopts Russian-inspired ‘foreign agents’ law

Tech Tonic podcast

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Behind the Money: Berkshire after Buffett

Tue, 28 May 2024 04:00:58 GMT

This episode features a truncated version of a recent Behind the Money podcast as it travels to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting. At this year’s event, there’s a lingering question over what will happen once Warren Buffett is no longer at the helm. Buffett has a successor in mind, and we explore the challenges they could face when taking over America’s “last great” conglomerate.

Mentioned in this podcast:

Behind the Money podcast

Berkshire after Buffett: prized energy business faces upheaval

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The ECB readies for rate cuts

Mon, 27 May 2024 04:00:19 GMT

The European Central Bank looks almost certain to be one of the first major central banks to cut rates, a tense dispute over Guyana is casting a shadow over Chevron’s bid to takeover Hess, and Thames Water pumped 14.2bn litres of sewage into the river Thames last year. Plus, the nuclear power industry is seeking to lure back thousands of retired engineers.

Mentioned in this podcast:

ECB is ready to start cutting interest rates, says chief economist

Blow to $53bn Chevron-Hess deal as investors advised to abstain

Nuclear industry brings back ‘silver tsunami’ of retirees

Thames Water pumped 14bn litres of sewage into Thames in central London in 2023

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Can you trust the polls?

Sat, 25 May 2024 04:00:49 GMT

American voters still say the economy is their most important electoral issue, and a growing number are less than pleased with Joe Biden’s economic management. The FT’s deputy Washington bureau chief, Lauren Fedor, and the vice-president of North Star Opinion Research, Jon McHenry, join this week’s Swamp Notes to break down the results of the most recent FT-Michigan Ross poll.

Mentioned in this podcast:

Support for Joe Biden’s economic policies wanes amid inflation fears, FT poll finds

FT-Michigan Ross poll: Biden’s election hopes fall as prices rise again

CLIPS: @atrupar on X

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ukraine’s ‘Rosie the Riveter’ moment

Fri, 24 May 2024 04:00:30 GMT

Elon Musk’s xAI has secured new backing from three Silicon Valley venture capital giants, women in Ukraine have increasingly stepped into roles men used to perform before Russia’s full-scale invasion, and the FT’s Soumaya Keynes explains why the UK’s Labour party benefits from being boring.

Mentioned in this podcast:

Elon Musk’s xAI secures new backing from Andreessen Horowitz, Sequoia and Tribe

Ukrainian women wanted in factories as men drafted into army

How large might Labour’s ‘dullness dividend’ be?

Introducing The Economics Show with Soumaya Keynes

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sunak’s early election gamble

Thu, 23 May 2024 04:00:00 GMT

Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia’s revenue soaring 262 per cent in the past quarter Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times, and the first batch of genetically engineered non-biting mosquitoes will be released in Djibouti on Thursday.

Mentioned in this podcast:

Rishi Sunak calls July 4 UK election

Nvidia’s revenue beats high expectations as AI chip demand climbs

Federal Reserve officials were open to further US rate rises to quell inflation

Adani suspected of fraud by selling low-grade coal as high-value fuel

Djibouti looks to genetically engineered mosquitoes to quell urban malaria wave

Read a transcript of this episode on FT.com

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PwC’s Evergrande audit comes back to bite

Wed, 22 May 2024 04:00:35 GMT

UK deputy prime minister Oliver Dowden went on a secret trip to the UAE, PwC is bracing for penalties over its audit of collapsed Chinese property developer Evergrande, and traders are anticipating huge swings in Nvidia shares after the company reports earnings on Wednesday.

Mentioned in this podcast:

UK launches charm offensive with UAE after relations sour

PwC partners brace for Chinese punishment over Evergrande audit

Traders brace for big swings in Nvidia shares

EU trade deficit with China shrinks to lowest level since 2021

Follow Untold: Power for Sale on Apple Podcasts or Spotify

Read a transcript of this episode on FT.com

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ICC weighs stepping into Gaza conflict

Tue, 21 May 2024 04:00:38 GMT

The death of Iranian President Ebrahim Raisi has dealt a shocking blow to the Islamic regime, and the public mood in advanced countries remains low as the cost of living crisis keeps households under pressure. Plus, the decision by the chief prosecutor of the International Criminal Court to apply for arrest warrants against Benjamin Netanyahu and Yoav Gallant is a huge setback for Israel.

Mentioned in this podcast:

The Rachman Review podcast

A crushing blow for Israel and a massive gamble by the ICC

President Ebrahim Raisi’s death deals blow to Iranian regime

Consumer confidence still below pre-pandemic levels despite economic rebound

Read a transcript of this episode on FT.com

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Niger’s first oil exports

Mon, 20 May 2024 04:00:54 GMT

A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Niger is on the verge of becoming a regional oil major, and western countries are trying to replace a UN body that monitors compliance with international sanctions on North Korea.

Mentioned in this podcast:

Helicopter carrying Iran’s president crashes

Border dispute hinders Niger’s China-built oil pipeline

Russia has stopped UN from monitoring North Korea sanctions. Who is watching Kim?

Read a transcript of this episode on FT.com

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FTNB Live! News Trivia at FT Weekend Fest

Sun, 19 May 2024 04:00:53 GMT

A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC on May 4, 2024. Our wonderful colleagues played a friendly game of news trivia. How does your knowledge stack up?

Read a transcript of this episode on FT.com

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Swamp Notes: Trading tariffs for votes

Sat, 18 May 2024 04:00:36 GMT

Joe Biden once criticised Donald Trump’s trade war with China, but things look a lot different in an election year. The FT’s US climate reporter, Aime Williams, and US financial editor, Brooke Masters, join Swamp Notes to explain why the president announced such sweeping tariffs on Chinese goods this week, and how it could help him win votes.

Mentioned in this podcast:

Why Washington’s new tariffs on Chinese clean tech goods matter

Joe Biden and Donald Trump battle to prove who can be toughest on China

Read a transcript of this episode on FT.com

CREDIT: CBS News

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It’s all about the dollar

Fri, 17 May 2024 04:00:41 GMT

The US Supreme Court rejects an existential legal challenge to the country’s top consumer finance watchdog, a $10bn US property fund is running low on liquidity as investors demand their money back, and Russia and China agree to tighten military ties and deepen their economic partnership after talks in Beijing. Plus, central banks around the world are impatiently waiting for the Federal Reserve to cut interest rates.

Mentioned in this podcast:

US Supreme Court rejects challenge to top consumer finance agency

Vladimir Putin and Xi Jinping vow to co-operate against ‘destructive and hostile’ US

Dangers of dollar nationalism hang over the world economy

Can the strong dollar be tamed?

Starwood’s $10bn property fund taps credit line as investors pull money

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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The cult-like appeal of Modi

Thu, 16 May 2024 04:00:12 GMT

The US inflation report sent stocks to record highs and Slovak Prime Minister Robert Fico was shot on Wednesday. Plus, the FT’s John Reed explains why India’s Prime Minister Narendra Modi is so popular.

Mentioned in this podcast:

US inflation falls to 3.4% in April

Slovak premier Robert Fico shot and injured

Narendra Modi launches candidacy in India’s marathon election

How to understand Modi’s India

CREDIT: Sansad TV

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Jyotsna Singh, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Will investors buy Anglo American’s break-up plan?

Wed, 15 May 2024 04:00:17 GMT

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out.

Mentioned in this podcast:

US encouraging Arab states to join multinational postwar force in Gaza

Anglo American plans break-up to thwart £34bn BHP bid

US sharply raises tariffs on Chinese EVs and semiconductor imports

Lawrence Wong, Singapore’s next PM faces an ever trickier balancing act

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Indonesia’s nickel is a gold mine

Tue, 14 May 2024 04:00:41 GMT

The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities have kicked off plans to sell $140bn of long-dated bonds to stimulate the economy. Plus, what Russia’s new defence minister means for the country’s war effort

Mentioned in this podcast:

GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappears

Who is Andrei Belousov, Russia’s new defence minister?

Stellantis in talks with Vale to invest in Indonesian nickel smelter

China fires starting gun on $140bn debt sale to boost economy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Rishi Sunak tries to rally Conservatives

Mon, 13 May 2024 04:00:10 GMT

UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices. Plus, the frontrunner in Mexico’s presidential election is promising more of the same.

Mentioned in this podcast:

Rishi Sunak to warn Britain ‘at a crossroads’ as he readies Tories for election

US shale companies accused of collusion over oil price

Four start-ups lead China’s race to match OpenAI’s ChatGPT

Mexico’s presidential frontrunner defends sweeping legal reforms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: The Fed’s political pressures

Sat, 11 May 2024 04:00:04 GMT

The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.

Mentioned in this podcast:

Trump’s dot plot for the Fed

Jay Powell’s dilemma: the US economy is too strong to cut rates

Global inflation and interest rates tracker: see how your country compares

CREDIT: US Federal Reserve

Read a transcript of this episode on FT.com

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Pandemic winners turned losers

Fri, 10 May 2024 04:00:25 GMT

Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, and China’s President Xi Jinping has hailed Hungary as one of Beijing’s most important strategic partners. Plus, most pandemic corporate winners have turned into post-pandemic losers.

Mentioned in this podcast:

Anglo American’s South Africa investors open to improved BHP bid

Nippon Steel predicts ‘calmer discussions’ with unions after US presidential election

Xi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership

Pandemic-era winners suffer $1.5tn fall in market value

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Singapore wants to shake up its stock market

Thu, 09 May 2024 04:00:28 GMT

Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure.

Mentioned in this podcast:

Arm shares drop as revenue forecast falls short despite AI boom

Singapore battles to revive struggling stock market

EU agrees to arm Ukraine using profits from Russian state assets

Canada’s oil industry cuts reliance on US market as pipeline expands

Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel moves into Rafah

Wed, 08 May 2024 04:00:25 GMT

Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok filed a lawsuit against the US government to block a potential ban of the social media app. Plus, global trade growth is set to more than double this year as inflation eases and a booming US economy helps drive activity.

Mentioned in this podcast:

US revokes licences for supply of chips to China’s Huawei

TikTok challenges divest-or-ban bill in US court

Israel threatens to expand Rafah operation as US struggles to revive talks

Global trade growth set to more than double this year

US revokes licences for supply of chips to China’s Huawei

Reddit soars 16% after beating Wall Street estimates in first post-IPO quarter

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Paramount’s a long way from its peak

Tue, 07 May 2024 04:00:08 GMT

SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from rural areas as traffickers shift to synthetic drugs. Plus, the FT’s Anna Nicolaou explains the rival bids to buy Paramount.

Mentioned in this podcast:

SoftBank leads $1bn funding for UK artificial intelligence group Wayve

El Chapo’s opium heartland bereft as Mexico cartels embrace fentanyl

Shari Redstone, a media scion weighing the future of her ravaged empire

James Cameron and Ari Emanuel back Skydance bid for Paramount

Brussels seeks to ban Russian funding of European politicians

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Xi’s balancing act with Europe

Mon, 06 May 2024 04:00:23 GMT

Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’s frozen assets, and Chinese President Xi Jinping visits Europe. Plus, college students in the US are calling for their universities to divest from Israel, but it’s not that simple.

Mentioned in this podcast:

Bonhomie and hardball: Xi Jinping visits Europe to avert trade war

The clash over whether to commandeer Russia’s frozen assets

Divestment is not as easy as it may seem

Berkshire Hathaway’s cash pile hits record as Buffett cuts stake in Apple

Buffett lays out expansive role for successor Greg Abel at poignant Berkshire AGM

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The uproar at American universities

Sat, 04 May 2024 04:00:34 GMT

Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on university grounds, and even storming university buildings. The FT’s Washington bureau chief, James Politi, and FT New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to explain why the protests could hurt President Joe Biden’s re-election chances.

Mentioned in this podcast:

New York police storm Columbia University and arrest pro-Palestinian protesters

Police raid UCLA protest camp as clashes over Gaza spread across US

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, Kasia Broussalian and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.

CREDIT: NBC News New York, X/@JaunMaBenitez, X/@AnthonyCabassa_, PBS NewsHour

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The murky moves behind the yen

Fri, 03 May 2024 04:00:16 GMT

Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.

Mentioned in this podcast:

Apple’s revenue weighed down by falling China sales

Japanese government spent $35bn to prop up yen, BoJ figures suggest

Japan is haunted by a return to emerging-economy status

FTC accuses ex-Pioneer boss of seeking to collude with Opec

How Europe solved its Russian gas problem

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Higher rates for even longer (and longer)

Thu, 02 May 2024 04:00:13 GMT

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy.

Mentioned in this podcast:

Federal Reserve signals that interest rates will remain higher for longer

Cruise line Viking rises after launching year’s second-largest US IPO

What triggered Noel Quinn’s shock exit from HSBC

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Private equity’s green thumb

Wed, 01 May 2024 04:00:09 GMT

Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market.

Mentioned in this podcast:

Amazon’s strong cloud sales help power revenue gains

Can private equity accelerate the green transition?

Jeremy Hunt warns FCA against ‘naming and shaming’ business

‘Everything has changed’: foreign auto groups embrace local technology in China

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Scotland’s first minister resigns

Tue, 30 Apr 2024 04:00:08 GMT

Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working space provider. Plus, an Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months.

Mentioned in this podcast:

Humza Yousaf quits as Scotland’s first minister

WeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bid

Africa-focused fund draws early investors to tech industry

FT Life & Art podcast

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Tech investors question AI pay-off

Mon, 29 Apr 2024 04:00:05 GMT

Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient.

Mentioned in this podcast:

Ban on non-compete agreements sends shockwave across Wall Street

Microsoft and Alphabet enjoy AI-powered gains from cloud divisions

Question of pay-off from AI hangs over Big Tech earnings

Western banks in Russia paid €800mn in taxes to Kremlin last year

Turkey in talks with ExxonMobil over multibillion-dollar LNG deal

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Supreme Court weighs presidential power

Sat, 27 Apr 2024 04:00:05 GMT

The US Supreme Court set out to answer a big constitutional question on Thursday: can a president be charged for potential crimes committed while in office? The FT’s Washington bureau chief, James Politi, and US legal and enforcement correspondent, Stefania Palma, join this week’s Swamp Notes to explain why the answer could determine the outcome of Donald Trump’s federal trials and the future of the American presidency.

Mentioned in this podcast:

US Supreme Court debates limits of presidential immunity in Donald Trump appeal

Donald Trump prepares his final pitch on presidential immunity

CREDIT: CNN

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A mining industry mega-deal

Fri, 26 Apr 2024 04:00:11 GMT

Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migration. Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again.

Mentioned in this podcast:

Alphabet shares surge past $2tn after search giant unveils first ever dividend

Microsoft’s revenue and cloud sales beat expectations

Biden dealt blow as investors scale back bets on pre-election rate cut

Why is BHP bidding for Anglo American?

BHP proposes £31bn takeover of Anglo American in mining mega-deal

How Europe is paying other countries to police its borders

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What new US aid means for Ukraine

Thu, 25 Apr 2024 04:00:49 GMT

Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill.

Mentioned in this podcast:

Meta shares fall as it predicts higher expenditure on AI

EU conducts ‘dawn raid’ on Chinese security equipment supplier

Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill

Joe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’

Boeing burns through $4bn in first quarter after door plug blowout

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Spotify grows up

Wed, 24 Apr 2024 04:00:42 GMT

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.

Mentioned in this podcast:

Tesla revenue declines in first quarter as vehicle sales slow

Spotify hits record quarterly profit as it enters ‘new phase’

US FTC bans non-compete agreements

Demand for Egyptian debt surges after $55bn bailout and investment package

Latin American cocoa farmers rush to expand planting as prices spike

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Taking the Byte out of TikTok

Tue, 23 Apr 2024 04:00:55 GMT

The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’ after the US pushes ahead with a bill demanding the Chinese parent sell its viral app in the country, and traders have built up bets that the Federal Reserve could actually raise interest rates. Plus, Goldman Sachs has relocated its head of financial institutions group for Europe from London to Paris.

Mentioned in this podcast:

Goldman Sachs moves senior banker to Paris in post-Brexit revamp

TikTok gears up for legal fight in US to prevent ban

Investors price in growing chance of further Fed rate rises

New York Stock Exchange tests views on round-the-clock trading

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Beijing bets on manufacturing

Mon, 22 Apr 2024 04:00:43 GMT

Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing.

Mentioned in this podcast:

Tesla shareholders braced for worst results in 7 years

Why oil prices remain steady even as Middle East tensions escalate

Covid vaccine makers to clash in London over mRNA patent dispute

China warns west of ‘survival of the fittest’ as manufacturing boosts economy

Parisians struggle to cash in on Olympic Games rentals

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: How do you win Pennsylvania?

Sat, 20 Apr 2024 04:00:18 GMT

Both Donald Trump and Joe Biden made campaign stops last week in Pennsylvania, whose 19 electoral votes could decide the outcome of the 2024 election. But in a state with such a range of demographic groups, how can each find a message that will stick? The FT’s deputy Washington bureau chief, Lauren Fedor, and US political editor Derek Brower join to discuss. Credit: The Independent, The Times and the Sunday Times

Mentioned in this podcast:

Joe Biden’s speech to steel workers underscores union’s burgeoning influence

Joe Biden calls for tripling of tariffs on Chinese steel

Josh Shapiro warns Joe Biden gas stance could hurt election hopes

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big business bets on Modi

Fri, 19 Apr 2024 04:00:01 GMT

Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign.

Mentioned in this podcast:

Netflix profits surge on strong subscriber growth

The great bet on rate cuts is off

European stocks suffer worst day in nine months

US to grow at double the rate of G7 peers this year, says IMF

Jay Powell says US inflation ‘taking longer than expected’ to hit target

Businesses bank on Narendra Modi election win to ease India’s bottlenecks

Luxury au t omakers hit by Korea’s new neon green licence plate rule for company cars

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AI’s electricity problem

Thu, 18 Apr 2024 04:00:16 GMT

Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, and the IMF warns that the US’s massive fiscal deficit poses significant risks to global markets. Plus, artificial intelligence needs an abundance of electricity to run, but the world is struggling to generate it.

Mentioned in this podcast:

Iran oil exports hit 6-year high as west prepares sanctions

Majority of EU states object to capital markets reform push

US deficit poses ‘significant risks’ to global economy, warns IMF

Booming AI demand threatens global electricity supply

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A glow-up for China’s state-owned enterprises

Wed, 17 Apr 2024 04:00:04 GMT

Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.

Mentioned in this podcast:

Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups

Beijing reforms unloved state-owned enterprises to win back investors

US to grow at double the rate of G7 peers this year, says IMF

Ukraine’s air defence struggle shows risks to Israel

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

CVC hopes third time’s the charm

Tue, 16 Apr 2024 04:00:17 GMT

Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT’s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.

Mentioned in this podcast:

Goldman Sachs traders help fuel 28% profit increase

Goldman Sachs knows what fits it best — plenty of deals

CVC’s tortuous path to an IPO

Tesla to cut 10% of global workforce

The migrant highway that could sway the US election

Read a transcript of this episode on FT.com

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Israel debates retaliation against Iran

Mon, 15 Apr 2024 04:01:43 GMT

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.

Mentioned in this podcast:

Net interest income may have peaked for Wall Street banks

China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring

Israel weighs response to unprecedented attack by Iran

Pressure mounts on US lawmakers to approve new aid for Israel

Credit: NBC

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: What’s the Republican party’s position on abortion?

Sat, 13 Apr 2024 04:28:18 GMT

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.

Mentioned in this podcast:

Arizona court bans almost all abortions in Trump-Biden swing state

Donald Trump says abortion law should be left to states

Tell us what you’re thinking about the US election!

CREDIT: Forbes Breaking News

Read a transcript of this episode on FT.com

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Prime money markets funds are in trouble

Fri, 12 Apr 2024 04:00:53 GMT

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court.

Mentioned in this podcast:

EU’s sanctions regime in turmoil after oligarchs win legal battle

Managers to shut or convert $220bn of US money market funds before rule change

US allies urge Iran not to retaliate against Israel

European Central Bank holds interest rates at 4% in contested decision

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Higher for even longer

Thu, 11 Apr 2024 04:00:33 GMT

Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”.

Mentioned in this podcast:

Markets slash rate cut bets after US inflation rises to 3.5%

Investors lose hope of rapid US interest rate cuts this year

KPMG fined $25mn over exam cheating scandal at firm’s Dutch arm

Lloyds Bank axes risk staff after executives complain they are a ‘blocker’

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Ecuador’s ‘unprecedented’ Mexican embassy raid

Wed, 10 Apr 2024 04:00:00 GMT

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions.

Mentioned in this podcast:

OpenAI and Meta ready new AI models capable of ‘reasoning’

Ecuador’s president displays strongman credentials with Mexico embassy raid

Big investors buy European bonds over US as economies diverge

‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label

Promo code for 10% off tickets: weekendpodcast

Read a transcript of this episode on FT.com

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TSMC doubles down on Arizona

Tue, 09 Apr 2024 04:10:58 GMT

The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world’s biggest chipmaker will build cutting-edge facilities in Arizona in exchange for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects.

Mentioned in this podcast:

TSMC boosts Joe Biden’s AI chip ambitions with $11.6bn US production deal

US, UK and Australia say Japan could join part of Aukus pact

Regulator seeks to quell public anger on UK water with £11mn restoration fund

Register for our FTWeekend Festival in the US!

Read a transcript of this episode on FT.com

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AI is coming for Google’s search

Mon, 08 Apr 2024 04:00:39 GMT

Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered search, and European defence companies are worried about their reliance on China for a critical component in gunpowder for ammunition. Plus, global stock market concentration has risen to its highest level in decades.

Mentioned in this podcast:

Israel says it has pulled out of Khan Younis to prepare for move on Rafah

European defence groups warn over reliance on Chinese cotton used in gunpowder

How Google lost ground in the AI race

Google considers charging for AI-powered search in big change to business model

Global dominance of biggest stocks rises to highest in decades

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: Inside Trump’s new inner circle

Sat, 06 Apr 2024 04:00:06 GMT

Donald Trump’s first term as president featured mainstream Republican figures — respected military officials, centre-right policymakers, and neoliberal business leaders — who promised to temper his more extreme instincts. But if Trump takes office again, his White House could feature a very different cast of characters. The FT’s Washington bureau chief, James Politi, and deputy Washington bureau chief, Lauren Fedor, join this week’s Swamp Notes to discuss what a second Trump White House would look like.

Mentioned in this podcast:

The Trump machine: the inner circle preparing for a second term

Read a transcript of this episode on FT.com

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Pressure builds for early elections in Israel

Fri, 05 Apr 2024 04:00:53 GMT

The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cyber attacks on railway systems throughout Europe. Plus, a new plan to give a boost to Africa’s agriculture.

Mentioned in this podcast:

Benny Gantz calls for early elections in Israel

Israelis hold biggest rally against Netanyahu since start of Gaza war

Can Africa one day help feed the world’s growing population?

Global equity supply falls at fastest pace in decades

Russia is trying to sabotage European railways, warns Prague

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Tesla dip: blip or bust?

Thu, 04 Apr 2024 04:00:32 GMT

Lower than expected eurozone inflation number bolsters expectations of ECB interest rate cuts by summer, People’s Liberation Army mobilisation units reflect Xi Jinping’s focus on security, Tesla faces a tough moment, and big investors line up behind management at Disney.

Mentioned in this podcast:

Eurozone inflation falls to 2.4% in March

Chinese companies revive Mao Zedong-era militias

Where Tesla departs from the Mag 7

The big worry for carmakers: what if the EV slowdown is not a blip?

Bob Iger defeats Nelson Peltz by wide margin in Walt Disney board clash

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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Thames Water hits the gutter

Wed, 03 Apr 2024 04:04:10 GMT

Nato is trying to ‘Trump-proof’ funding for the war in Ukraine, Thames Water’s owners will start urgent restructuring talks, and birth rates are declining despite wealthy countries investing in family- friendly policies.

Mentioned in this podcast:

Thames Water owners to begin urgent restructuring talks

Why family-friendly policies don’t boost birth rates

Nato plans $100bn ‘Trump-proof’ fund for Ukraine

Southern growth spurt creates two-speed eurozone economy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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US and UK team up to study AI

Tue, 02 Apr 2024 04:00:48 GMT

Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike, research institutes in the US and UK will work together to mitigate the risks of AI, and Robinhood gets into the credit card business.

Mentioned in this podcast:

Iran accuses Israel of killing general in strike on Damascus consulate

US and UK sign landmark agreement on testing safety of AI

Beyond memes: Robinhood seeks to broaden its appeal

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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EU takes on fake news ahead of elections

Mon, 01 Apr 2024 04:00:58 GMT

Online fake news and hybrid campaigns increase ahead of European elections, investors are concerned about President Lula’s interventions in the economy, and China’s factory activity has expanded for the first time in six months.

Mentioned in this podcast:

Europe battles ‘avalanche of disinformation’ from Russia

Luiz Inácio Lula da Silva steps up interventions in Brazil’s largest companies

China’s factory activity adds to signs of recovery

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Sam Bankman-Fried gets 25 years in prison

Fri, 29 Mar 2024 05:00:47 GMT

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareholders might take a big financial hit. Plus, what instant noodles can tell us about the economy.

Mentioned in this podcast:

Thames Water shareholders signal readiness to take £5bn hit

FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud

Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge

Oodles of noodles: how a global favourite became an economic red flag

Read a transcript of this episode on FT.com

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A new day dawns for the yen

Thu, 28 Mar 2024 05:00:45 GMT

The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, and Florida and Disney resolve a legal dispute. Plus, US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years.

Mentioned in this podcast:

End of negative interest rates in Japan raises threat of yen volatility

US small-caps suffer worst run against larger stocks in over 20 years

Disney settles lawsuit in Florida theme-park dispute

Read a transcript of this episode on FT.com

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Trump’s Truth Social hits the Nasdaq

Wed, 27 Mar 2024 05:00:00 GMT

Shares in Donald Trump’s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US transaction fees. Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success.

Mentioned in this podcast:

Donald Trump has $4.6bn stake in social media group after market debut

Visa and Mastercard agree $30bn settlement over US transaction fees

Can UBS become Europe’s Morgan Stanley?

In German groceries, even computers have to obey century-old ban on Sunday work

Read a transcript of this episode on FT.com

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Why Russia was caught off guard

Tue, 26 Mar 2024 05:00:56 GMT

The UN Security Council passed a resolution demanding a ceasefire in Gaza, the Ukraine war distracted Russian security forces from addressing Islamist terrorism threats, and Boeing chief executive Dave Calhoun plans to step down at the end of the year. Plus, the FT’s Antoine Gara explains how infrastructure went from an investment backwater to a $1tn asset class.

Mentioned in this podcast:

How Ukraine war distracted Moscow from Isis-K threat

Infrastructure: from investment backwater to a $1tn asset class

Israel cancels Washington visit after UN resolution demands Gaza ceasefire

Boeing CEO Dave Calhoun to step down as company battles safety concerns

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

India’s quid pro quo trade strategy

Mon, 25 Mar 2024 05:00:45 GMT

US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ‘quid pro quo’ strategy for trade talks.

Mentioned in this podcast:

US and Japan plan biggest upgrade to security pact in more than 60 years

Investors pour money into US corporate bond funds at record rate

India’s ‘quid pro quo’ strategy for trade talks

Read a transcript of this episode on FT.com

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Swamp Notes: Is Maga good for Biden?

Sat, 23 Mar 2024 04:00:39 GMT

Democrats have honed in on a novel campaign strategy over the past few election cycles: elevate Trump-backed candidates in GOP primaries, and then blow past them in general elections. So far, the strategy has mostly paid off, but will this risky gamble work in 2024? The FT’s deputy Washington bureau chief, Lauren Fedor, and US managing editor, Peter Spiegel, join to discuss. Credit: Associated Press, WCPO-9

Mentioned in this podcast:

Donald Trump-backed US Senate candidate clinches Republican nomination in Ohio

Read a transcript of this episode on FT.com

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US prosecutors take a bite out of Apple

Fri, 22 Mar 2024 05:00:00 GMT

Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT’s Sujeet Indap explains why Hertz’s pivot to electric vehicles went awry.

Mentioned in this podcast:

US accuses Apple of building smartphone market monopoly in antitrust case

How Hertz’s bets on Tesla and a Goldman veteran veered off course

Social media site Reddit soars 48% in New York IPO

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Why inflation is sticking around

Thu, 21 Mar 2024 05:00:17 GMT

The west is focusing on new technology in nuclear energy to reduce reliance on Russia and carbon, and profits at Chinese ecommerce group PDD Holdings soared 146% in three months to December. Plus, price rises in services in the US are making the Federal Reserve’s decision-making over interest rates more complicated.

Mentioned in this podcast:

Macron to revive demands for European defence bonds

Security concerns fuel nuclear energy renaissance

Has inflation stopped falling?

Temu-owner PDD doubles revenues to cap ‘pivotal’ year

Get 40% off a digital FT subscription: ft.com/briefingsale

Read a transcript of this episode on FT.com

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Bank of Japan ditches negative rates

Wed, 20 Mar 2024 05:00:45 GMT

Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied to move their headquarters to rival nations.

Mentioned in this podcast:

Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unit

Bank of Japan ends era of negative interest rates

Unilever to split off ice cream business and cut 7,500 jobs

Rival nations seek to poach top UK and European AI start-ups

Get 40% off a digital FT subscription: ft.com/briefingsale

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What Putin’s victory means for Russia

Tue, 19 Mar 2024 05:00:54 GMT

Nvidia announced a new “superchip” and Vladimir Putin’s expected electoral victory is an inflection point for Russia. Plus, the FT’s Heba Saleh explains why young people in Gaza are being called the lost generation.

Mentioned in this podcast:

Nvidia unveils new ‘superchip’ in push to continue dominance of AI market

Vladimir Putin cements Russian rule for another six years

The lost future of young Gazans

Get 40% off a digital FT subscription: ft.com/briefingsale

Read a transcript of this episode on FT.com

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It’s central bank week!

Mon, 18 Mar 2024 05:01:56 GMT

Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies. Plus, after years of negative news surrounding South Africa, there are grounds for medium-term optimism.

Mentioned in this podcast:

US labour watchdog attracts enemies from Amazon to SpaceX

The bullish case for South Africa

Benjamin Netanyahu defies western allies over Gaza strategy

Central bankers take centre stage

Get 40% off a digital FT subscription: ft.com/briefingsale

Read a transcript of this episode on FT.com

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Swamp Notes: The play for union power

Sat, 16 Mar 2024 04:00:31 GMT

Union workers used to be a reliable pillar of the Democratic party’s voting coalition. Then Donald Trump arrived on the scene. The FT’s global business columnist, Rana Foroohar, and US labour and equality correspondent, Taylor Nicole Rogers, join this week’s Swamp Notes to examine how President Joe Biden is trying to win workers back, and why unions may decide November’s election.

Mentioned in this podcast:

America’s most powerful union leaders have a message for capital

Union workers score big pay gains as labour action sweeps US

CREDIT: UAW

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Telegram clean up its act?

Fri, 15 Mar 2024 05:00:18 GMT

The UAE is in talks to invest in OpenAI’s chip- making business and an Uber courier makes an app to fight against the company’s algorithms. Plus, a look at how the encrypted messaging app Telegram has become both an important news source and a hotbed of criminal activity.

Mentioned in this podcast:

Abu Dhabi in talks to invest in OpenAI chip venture

Telegram: social media giant or the new ‘dark web’?

The delivery rider who took on his faceless boss

Pre-Order: ‘Code Dependent’ by Madhumita Murgia

Read a transcript of this episode on FT.com

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Ukraine strikes targets deep in Russia

Thu, 14 Mar 2024 05:00:15 GMT

Far-right firebrand Geert Wilders has conceded he will not become prime minister of the Netherlands, Ukraine has stepped up drone strikes on oil refineries deep inside Russia, and a bill to ban TikTok in the US passed the House of Representatives. Plus, Nigeria is in the middle of a currency crisis and the government is blaming Binance for a lot of it.

Mentioned in this podcast:

Geert Wilders announces he will not be PM

Ukraine strikes oil refineries deep inside Russia

US House votes through bill to ban TikTok

Nigeria pushes Binance for user data in stand-off over naira speculation

Read a transcript of this episode on FT.com

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The surprise winner of the US-China chip wars

Wed, 13 Mar 2024 05:00:10 GMT

The EU and US found some stop-gap funding for weapons for Ukraine, China is scrapping a number of infrastructure projects in indebted regions, and US inflation ticked up unexpectedly. Plus, tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia.

Mentioned in this podcast:

EU and US find stop-gap funding for Ukraine weapons

China’s treatment of local debt ‘ulcer’ threatens growth target

US inflation rises to 3.2% in February

Malaysia: the surprise winner from US-China chip wars

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Reddit hits the road ahead of IPO

Tue, 12 Mar 2024 05:00:55 GMT

Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine.

Mentioned in this podcast:

Brussels aims to fast track up to €3bn for Ukraine from frozen Russian assets

Reddit aims to raise more than $500mn in IPO

EU ministers approve ‘status quo’ rules for gig economy workers

Can ships carrying aid help avert famine in Gaza?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What we learned from the collapse of SVB

Mon, 11 Mar 2024 05:00:00 GMT

America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank. Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of unsold assets.

Mentioned in this podcast:

The radical changes coming to the world’s biggest bond market

Number of weak US banks jumps as NYCB stabilised on $1bn capital raise

Dealmaking slowdown leaves private equity with record unsold assets

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Swamp Notes: Did Biden's State of the Union hit the mark?

Sat, 09 Mar 2024 05:00:55 GMT

Joe Biden was in the spotlight this week as he made his annual State of the Union address. It was his chance to not only speak directly to the American people, but also prove that he’s up to the task of campaigning for re-election. So how did he do? The FT’s US national editor and columnist, Edward Luce, and Washington reporter, Steff Chávez, join us to discuss.

Mentioned in this podcast:

Joe Biden just kicked off his re-election campaign

Biden attacks Trump in fiery State of the Union speech

US Election Countdown newsletter

CREDIT: PBS, ABC News

Read a transcript of this episode on FT.com

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A look at Temu’s murky business model

Fri, 08 Mar 2024 05:00:24 GMT

Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country’s attention. Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world. Credit: Temu

Mentioned in this podcast:

Trial begins for Vietnamese property tycoon accused of $12bn fraud

The mysterious rise of the Chinese ecommerce giant behind Temu

US plans to establish port on Gaza coast to step up aid deliveries

Instagram overtakes TikTok in app downloads in race for new users

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is private equity actually worth it?

Thu, 07 Mar 2024 05:00:52 GMT

Bayer chief executive Bill Anderson has ruled out a fresh capital increase and Ghana’s finance minister is concerned that the country’s new anti-LGBT+ law will put its international funding at risk. Plus, the FT’s Robin Wigglesworth examines whether private equity is a good fit for Norway’s sovereign wealth fund.

Mentioned in this podcast:

Bayer chief rules out capital increase as investors slam turnaround plan

Is private equity actually worth it?

Anti-LGBT+ law puts Ghana’s IMF and World Bank funding at risk, finance ministry warns

Nikki Haley ends White House bid but does not endorse Donald Trump

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China hopes for a big economic rebound

Wed, 06 Mar 2024 05:00:00 GMT

Chancellor Jeremy Hunt will on Wednesday put a £10bn personal tax cut at the heart of his Budget, and China is setting a 5 per cent growth target for this year. Plus, the FT’s Michael Stott sat down with Argentina’s president Javier Milei to talk about the country’s economy. Credit: AP

Mentioned in this podcast:

Jeremy Hunt set to cut national insurance by 2p in UK Budget

Argentina’s Javier Milei says he doesn’t need congress to save the economy

China sets ‘ambitious’ 5% growth target and flags risks to economy

Singapore defends exclusive deal for Taylor Swift concerts in south-east Asia

Read a transcript of this episode on FT.com

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The politics behind the UK Budget

Tue, 05 Mar 2024 05:00:54 GMT

Gold prices have surged close to record levels, and the EU has fined Apple €1.8bn as it boosts its fight against Big Tech. Plus, the FT’s Sam Fleming explains whether the Conservatives planned tax cuts will actually affect the outcome of the upcoming UK election.

Mentioned in this podcast:

Apple hit with €1.8bn fine for breaking EU law over music streaming

Will Big Tech agree to play by Europe’s rules?

The hard Budget choices facing a cash-strapped UK

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Cracks widen in Israel’s war cabinet

Mon, 04 Mar 2024 05:00:09 GMT

China has pledged “computing vouchers” to subsidise its AI startups, Bayer is still struggling to move past its Roundup woes, and an Israeli senior minister visits the White House. Plus, Warren Buffett is sounding the alarm over wildfires and the utilities industry.

Mentioned in this podcast:

Buffett sounds wildfire alarm as utilities industry enters new era

Bayer slashes dividend by 95% as it steps up effort to cut debt

Bayer’s struggling Roundup court strategy

China offers AI computing ‘vouchers’ to its underpowered start-ups

Netanyahu allies lash out at Gantz over Washington trip

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Persis Love, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Biden and Trump’s immigration duel

Sat, 02 Mar 2024 05:00:09 GMT

The issue of immigration might be Donald Trump’s biggest political boon ahead of the US election in November, but President Joe Biden went to the US-Mexico border this week to try to change the narrative. The FT’s Houston correspondent, Myles McCormick, and US political news editor, Derek Brower, join this week’s Swamp Notes to examine whose case voters find more convincing. Credit: Fox10, PBS NewsHour

Mentioned in this podcast:

Surge in border crossings creates political upheaval in the US

Joe Biden and Donald Trump head to Texas as immigration debate heats up

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Formula One’s road map to success

Fri, 01 Mar 2024 05:00:42 GMT

The cost of Rishi Sunak’s plan to send asylum seekers to Rwanda could exceed £580mn by the end of the decade, and Toyota’s bet on hybrid vehicles has paid off, so far. Plus, the FT’s Samuel Agini explains how Formula One is trying to reinvent itself. Credit: Formula 1; Netflix

Mentioned in this podcast:

Rishi Sunak’s Rwanda asylum scheme could cost UK £580mn, watchdog warns

Was Toyota’s bet on hybrid cars right all along?

Formula One’s growing pains

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

McKinsey’s China problem

Thu, 29 Feb 2024 05:00:09 GMT

Uber chief executive Dara Khosrowshahi has received about $136mn in stock options after hitting a performance target, and Adani is working to push India’s military capabilities. Plus, the FT’s Stephen Foley explains why McKinsey is drawing ire from US lawmakers.

Mentioned in this podcast:

US Supreme Court will hear Trump presidential immunity appeal

McKinsey-led think-tank advised China on policy that fed US tensions

McKinsey website touted its advice to Chinese government ministries

Adani answers Modi's call to arms

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Should western troops go to Ukraine?

Wed, 28 Feb 2024 05:00:00 GMT

Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power and Emmanuel Macron, president of France, has refused to rule out sending troops to Ukraine. Plus, profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s 'hostile' policies.

Mentioned in this podcast:

Leaked Russian military files reveal criteria for nuclear strike

Macron says sending western troops to Ukraine cannot be ruled out

Germany rebuffs Emmanuel Macron on troops in Ukraine and tells Paris to ‘supply more weapons’

Oil and gas profits triple under Joe Biden even as industry decries him

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sweden set to join the Nato club

Tue, 27 Feb 2024 05:00:10 GMT

Sweden is set to become a Nato member, the UK Financial Conduct Authority is planning to name firms under investigation at a much earlier stage, and Microsoft has struck a deal with a French artificial intelligence start-up to broaden its involvement in the industry beyond OpenAI.

Mentioned in this podcast:

Sweden overcomes final hurdle to join Nato in historic shift

FCA plans to name firms under investigation in UK deterrence drive

Microsoft strikes deal with Mistral in push beyond OpenAI

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Biotech is back

Mon, 26 Feb 2024 05:00:47 GMT

Israel plans to raise debt and taxes to fund its war in Gaza and global house prices are on the rise. Plus, FT correspondent Paola Tamma discusses some of the troubles plaguing the EU’s key pandemic stimulus fund.

Mentioned in this podcast:

US biotech fundraising boom ends 2-year deal drought

Is the EU’s Covid recovery fund failing?

Global house prices rebound as economists predict turning point

Israel plans $60bn debt raising and tax rises to fuel defence spending

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Jess Smith, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Trump’s legal troubles

Sat, 24 Feb 2024 05:00:27 GMT

Former US President Donald Trump is the subject of four criminal cases and several civil suits. That means the presumptive Republican nominee will be spending a lot of time in courtrooms ahead of voting day in November. Still, it looks like all these legal liabilities might be giving him a political boost. The FT’s US legal and defence correspondent, Stefania Palma, and US managing editor, Peter Spiegel, join this week’s Swamp Notes to explain why.

Mentioned in this podcast:

Are US presidents above the law?

Donald Trump’s legal bill and Joe Biden’s cash boost: inside the 2024 money race

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Russia’s failed efforts to rebuild in Ukraine

Fri, 23 Feb 2024 05:00:02 GMT

The UK and EU will on Friday sign a deal to co-operate more closely in tackling illegal immigration and criminal gangs, and Japan’s Nikkei 225 index hit a record high after 34 years. Plus, the FT’s Alison Killing talks about Russia’s failed rebuilding of the Ukrainian city of Mariupol.

Mentioned in this podcast:

UK and EU agree to co-operate more closely on migration

Japan’s Nikkei 225 index eclipses record high after 34 years

Inside Mariupol: Russia’s new Potemkin village

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

HSBC profits nosedive

Thu, 22 Feb 2024 05:00:48 GMT

Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft. Plus, Indonesia’s incoming president is creating concerns for the country’s democracy.

Mentioned in this podcast:

Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%

HSBC shares fall most since 2020 after profits plummet 80%

Boeing ousts head of 737 Max programme

What Prabowo Subianto’s presidential election win means for Indonesia

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Discover what’s in Capital One’s wallet

Wed, 21 Feb 2024 05:00:11 GMT

Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight years.

Mentioned in this podcast:

Donald Trump’s donor numbers fall by 200,000 compared with 2019

Capital One agrees to buy Discover Financial for $35bn

Barclays to return £10bn to shareholders

Subscribe to the FT US Election Countdown newsletter

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Saffeya Ahmed, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel’s economy slumps

Tue, 20 Feb 2024 05:00:47 GMT

Ukraine withdraws from Avdiivka, lacking weaponry and ammunition, and there are questions about OpenAI’s business model.

Mentioned in this podcast:

Israel’s economy shrank at 20% rate after outbreak of war

Can OpenAI create superintelligence before it runs out of cash? External Link

Battle for Avdiivka tests Ukraine’s new commander

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Manuela Saragosa, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What next for Russia after Navalny?

Mon, 19 Feb 2024 05:00:21 GMT

The European Union plans to hit Apple with a €500mn fine over music streaming, German companies make record investments in the US, and emerging market investors switch to ETFs that exclude China.

Mentioned in this podcast:

US investors in emerging markets switch to ETFs that exclude China

Navalny’s allies accuse Russian authorities of trying to cover up his death

EU to hit Apple with first ever fine in €500mn penalty over music streaming

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Donald Trump takes on Nato (again)

Sat, 17 Feb 2024 05:00:28 GMT

Donald Trump picked plenty of fights with Nato during his time in office. Now, even as war rages in Ukraine, candidate Trump is back at it. But is his aggressive attitude toward Nato resonating with American voters? The FT’s Lauren Fedor and Alec Russell join this week’s Swamp Notes to discuss.

Mentioned in this podcast:

Nato needs to prepare for Trump’s unilateralism on steroids

Donald Trump says Russia can do what it wants to Nato allies who pay too little

Read a transcript of this episode on FT.com

CREDIT: Comedy Central, Bloomberg Television, Daily Mail

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Asset managers cool on climate group

Fri, 16 Feb 2024 05:00:38 GMT

European Commision president Ursula von der Leyen says Europe’s military needs to step up and two of the world’s biggest asset managers are quitting an investor group set up to prod companies over global warming. Plus, big food companies are jumping into new farming practices meant to store carbon underground, but there are significant hurdles.

Mentioned in this podcast:

Von der Leyen calls on EU to subsidise defence production

JPMorgan and State Street quit climate group as BlackRock scales back

The dubious climate gains of turning soil into a carbon sink

Hedge fund stampede into cocoa futures fuels record price spike

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will Germany lead Nato?

Thu, 15 Feb 2024 05:00:58 GMT

UK chancellor Jeremy Hunt is considering slashing public spending to fund pre-election tax cuts, Germany is looking to boost its defence spending at a crucial time for Europe, and Citigroup has started tracking how many calls its private bankers are making to clients. Plus, the FT’s Madison Marriage talks about her new podcast on the dangers of meditation retreats.

Mentioned in this podcast:

Jeremy Hunt faced with slashing UK public spending to fund tax cuts

Will Germany deliver on its grand military ambitions?

Citi starts tracking how often private bankers call clients

Untold: The Retreat

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Arm’s share price goes crazy

Wed, 14 Feb 2024 05:00:35 GMT

Investors scaled back bets that the US Federal Reserve will begin cutting interest rates in May, and Arm shares soared after the UK chip designer reported higher revenues boosted by strong demand for artificial intelligence. Plus the FT’s Felicia Schwartz explains how the relationship between US President Joe Biden and Benjamin Netayahu, prime minister of Israel, is being affected by the war in Gaza.

Mentioned in this podcast:

Investors scale back bets of May rate cut on strong US inflation figures

Unhedged newsletter: Is Arm really an AI stock?

Unhedged podcast

Arm’s an AI stock now. When’s the crash?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wall Street fell out of love with equity hedge funds

Tue, 13 Feb 2024 05:00:58 GMT

US law firm Latham & Watkins is cutting off automatic access to its international databases for its Hong Kong-based lawyers, one of the oldest and best-known hedge fund strategies has suffered nearly $150bn in client withdrawals over the past five years, and the price of bitcoin touched $50,000 for the first time since 2021. Plus, the FT’s Kaye Wiggins explains how a Chinese financier is turning small businesses into a data gold mine.

Mentioned in this podcast:

Latham & Watkins cuts off its Hong Kong lawyers from international databases

Decline of the star stockpicker: investors pull $150bn from equity hedge funds

Bitcoin price touches $50,000 after spot ETF launches spur demand

The financier turning China’s noodle joints and karaoke bars into a data gold mine

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Imran Khan rises again in Pakistan

Mon, 12 Feb 2024 05:00:12 GMT

EY took on $700mn in debt for its failed “Project Everest” plan, and tech companies are shedding jobs in a pivot to AI. Plus, Shein is seeking Beijing’s approval ahead of its IPO.

Mentioned in this podcast:

Pakistan in power vacuum after Imran Khan defies election odds from jail

EY took on $700mn in debt for doomed ‘Project Everest’ spin-off plan

Shein seeks Chinese regulators’ tacit approval for US public offering

Tech companies axe 34,000 jobs since start of year in pivot to AI

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Breen Turner, Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Untold: The Retreat, Ep. 1 - Dear Madison

Sun, 11 Feb 2024 05:00:00 GMT

Introducing Untold: The Retreat, a new podcast from the special investigations team at the Financial Times. In the first episode of The Retreat, Madison Marriage receives an email from a desperate father named Stephen. Over the past five years, he says, his twin daughters have changed drastically. They were bright and outgoing, with exciting plans for their future. But over their early twenties, they became increasingly distressed, struggling to eat or sleep and disassociating from normal life. Stephen believes the root of his daughters’ problems is a particular network of intensive meditation retreats.

For support or more information about adverse meditation experiences, take a look at the Cheetah House website.

If you are in need of urgent mental health support, please contact your local emergency services or reach out to a mental health helpline, such as the 988 Suicide and Crisis Lifeline in the US or Samaritans in the UK.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Is it the economy, stupid?

Sat, 10 Feb 2024 05:00:20 GMT

For decades, common political wisdom has held that Americans vote based on their satisfaction with the economy. But even as the US economy booms, with persistently low unemployment and wage growth outpacing inflation, President Joe Biden’s approval rating continues reaching record lows. The FT’s Rana Foroohar and James Politi join this week’s Swamp Notes to explain why.

Mentioned in this podcast:

What if it’s not the economy, stupid?

Why Biden gets little credit for a strong US economy

Swamp Notes is produced by Jake Harper, Sonja Hutson, Lauren Fedor, Marc Filippino and Ethan Plotkin. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Chill out. Netflix is winning the streaming wars

Fri, 09 Feb 2024 05:00:15 GMT

Ukraine’s President Volodymyr Zelenskyy dismisses his top commander, Gaza’s last refuge is Israel’s next target and OpenAI is on track to hit $2bn in revenue.

Mentioned in this podcast:

Volodymyr Zelenskyy dismisses Ukraine’s ‘iron general’

Visual analysis: Gaza’s last refuge becomes Israel’s next target

Disney, Fox and Warner sports streaming platform foreshadows consolidation

OpenAI on track to hit $2bn revenue milestone as growth skyrockets

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Your Uber profits have arrived

Thu, 08 Feb 2024 05:00:23 GMT

Labour leader Sir Keir Starmer is set to announce the party is abandoning its target to spend £28bn a year on green investment, Uber has reported its first annual operating profit, and the far-right winner of Dutch elections just can't seem to form a government.

Mentioned in this podcast:

Labour set to ditch plan to spend £28bn a year on green investment

Geert Wilders struggles to find coalition partners in the Netherlands

Uber records first annual profits as market value approaches $150bn

Benjamin Netanyahu rejects ‘delusional’ Hamas terms for hostage deal

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The story behind the money going to Mexico

Wed, 07 Feb 2024 05:00:52 GMT

Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair, BP reported its second-biggest annual profit in a decade, and the FT’s Michael Stott explains the dark side of money flowing from the US to Mexico. Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy.

Mentioned in this podcast:

Standard Chartered taps political heavyweights as potential new chair

BP targets boost for returns as it delivers second biggest profit in a decade

The darker side of Mexico’s $63bn remittances boom

Adam Neumann seeks to buy WeWork out of bankruptcy

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Pakistan’s Imran Khan fights an election from jail

Tue, 06 Feb 2024 05:00:49 GMT

China’s national chip champions expect to make next-generation smartphone processors as early as this year, and Northern Ireland is trying to chart a path forward under a new, historic power-sharing agreement. Plus, a former Pakistan prime minister is barred from this week’s election but is using chatbots and social media to energise his party’s supporters.

**Please note that a segment in today’s episode contains audio that was produced by artificial intelligence.**

Mentioned in this podcast:

China on cusp of next-generation chip production despite US curbs

Imran Khan taps AI and TikTok to fight Pakistan election from jail

Cash crisis waits for Northern Ireland’s restored executive

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

CREDIT: @PTIOfficialPK

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Turkey’s central bank chief steps down

Mon, 05 Feb 2024 05:00:45 GMT

Plans for a code on how AI models can use copyrighted materials have stalled in the UK, and US forces carried out strikes against Iran-backed militants over the weekend. Plus, the FT’s Owen Walker explains why the tides are turning against European banks.

Mentioned in this podcast:

Turkey central bank governor quits and points to campaign against her

BNP Paribas shares fall after downgrade to profit target

Deutsche Bank pledges to boost dividend and cut jobs

Santander earnings boosted by strong performance in Europe

Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit

Turkey’s central bank rocked by another leadership shake-up

US and UK hit Houthis in fresh air strikes against Iran-backed militias

UK shelves proposed AI copyright code in blow to creative industries

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Saffeya Ahmed, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: How money is shaping the 2024 US election

Sat, 03 Feb 2024 05:00:53 GMT

Business leaders backed away from Donald Trump after his supporters attacked the US Capitol in 2021. Now, political donors are warming to the former president again as he runs for his party’s nomination ahead of elections later this year. The FT’s Alex Rogers and Edward Luce explain why donations are flowing in the way they are.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big tech continues to rock

Fri, 02 Feb 2024 05:00:32 GMT

Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks, US President Joe Biden has approved financial sanctions on Israelis in the West Bank, and Tesla chief executive Elon Musk is hitting back after a Delaware court struck down his $56bn pay package. Plus, the EU has agreed a deal on a €50bn financial support package for Ukraine.

Mentioned in this podcast:

EU agrees €50bn support package for Ukraine

US to put sanctions on Israeli settlers responsible for West Bank violence

Tesla shareholders will vote on moving incorporation to Texas, says Elon Musk

What the $56bn Tesla pay deal setback means for Elon Musk and his empire

Formula One’s Lewis Hamilton to join Ferrari from Mercedes

Meta dividend signals 'coming of age' for Mark Zuckerbergs company

CREDIT: Formula 1

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Viktor Orbán: the EU’s chief disrupter

Thu, 01 Feb 2024 05:00:41 GMT

The US Federal Reserve held interest rates at a 23-year high, the EU’s battle with Hungarian prime minister Viktor Orbán could come to a head on Thursday, and Boeing withheld its usual financial guidance for the coming year while vowing to focus on the safety of its operations.

Mentioned in this podcast:

Federal Reserve holds interest rates steady as market focuses on timing of 2024 cuts

Viktor Orbán: what is the end game for Europe’s chief disrupter?

Boeing postpones annual guidance amid 737 Max crisis

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Palestinians pay the price for UN allegations

Wed, 31 Jan 2024 05:00:20 GMT

Microsoft reported record quarterly revenues, the IMF projects the Russian economy and the global economy will grow faster than previously expected, and the UN’s agency for Palestinian refugees is in crisis after allegations that some of its staff were involved in the October 7 attacks on Israel.

Mentioned in this podcast:

Cloud strength and AI excitement boost Microsoft revenue

Alphabet’s advertising growth falls short of Wall Street expectations

IMF raises Russia growth outlook as war boosts economy

A UN agency in Gaza is in crisis. Palestinians may pay the price

Israeli intelligence accused UN staff of kidnap and seizing body

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s not so Evergrande

Tue, 30 Jan 2024 05:00:54 GMT

Binance has bowed to pressure from customers who want to hold their assets with an independent custodian, a Hong Kong court has ordered property giant China Evergrande to be wound up, and Brazil’s President Luiz Inácio Lula da Silva is returning to an old but controversial playbook to jump-start the country’s economy.

Mentioned in this podcast:

Binance bows to trader demands to keep their assets elsewhere

Chinese developer Evergrande ordered to be wound up by Hong Kong court

China Evergrande liquidation to test Hong Kong’s reach

Lula’s playbook: Brazil bets on a return to state capitalism

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The challenges to a ceasefire in Gaza

Mon, 29 Jan 2024 05:00:34 GMT

Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid, the UN’s highest court orders Israel to limit harm to Palestinians in Gaza, Germany’s carmakers are struggling amidst the transition to electric vehicles, and EY and Bank of America are monitoring workers’ in-office attendance.

Mentioned in this podcast:

ICJ orders Israel to limit harm to Palestinians in Gaza

German car suppliers struggle to adjust to EV shift

Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid

EY starts monitoring UK staff office attendance with turnstile data

Biden says Iran-backed militants killed 3 US servicemen in drone attack

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: GOP primaries and the power of incumbency

Sat, 27 Jan 2024 05:00:57 GMT

So far the Republican primaries have had very few surprises. Former President Donald Trump continues to be the favourite. On the first episode of Swamp Notes, the FT’s Lauren Fedor and Peter Spiegel unpack how Trump is winning these races as if he were an incumbent, what was in it for the other Republican candidates, and why former South Carolina Governor Nikki Haley is staying in the race.

Mentioned in this podcast:

Donald Trump warns Nikki Haley’s billionaire backers to halt support

Nikki Haley, the woman determined to keep taking on Trump

Donald Trump wins New Hampshire primary but Nikki Haley vows to fight on

Donald Trump moves closer to Republican coronation after Ron DeSantis ‘kisses the ring’

Donald Trump draws on arsenal of slurs to attack rivals for Republican nomination

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

How airlines are handling the Boeing fiasco

Fri, 26 Jan 2024 05:00:33 GMT

The Federal Trade Commission has launched an inquiry into the partnerships between Big Tech cloud providers and generative AI companies, the European Central Bank is keeping rates on hold, and Boeing’s problems are having a ripple effect on the broader airline industry. Plus, take a sneak peek at a new show we’re launching called Swamp Notes!

Mentioned in this podcast:

Donald Trump wins New Hampshire primary but Nikki Haley vows to fight on

American Airlines chief says Boeing’s quality problems ‘unacceptable’

Christine Lagarde says ‘disinflation process is at work’

Big Tech’s AI partnerships draw inquiry from FTC

FT Swamp Notes

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

There’s active interest in passive funds

Thu, 25 Jan 2024 05:00:04 GMT

The US aviation regulator has blocked Boeing from expanding production of its most popular plane, the fight between Poland’s Donald Tusk and Andrzej Duda heats up, a research group forecasts 56% of total US fund assets will be passively managed by 2027, the French government presses the UK to help fill a multibillion-pound hole in nuclear projects, and Israel is creating a buffer zone within Gaza.

Mentioned in this podcast:

Regulator blocks expanded production of Boeing’s 737 Max

Feud between Poland’s Donald Tusk and Andrzej Duda intensifies over presidential pardon

Rachman Review podcast

Passive eclipses active in US fund market as assets swell to $13.3tn

French government presses the UK to help fill multi billion-pound hole in nuclear projects

Israel demolishes buildings to create buffer zone within Gaza

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Resuscitating Hong Kong’s stock exchange

Wed, 24 Jan 2024 05:00:51 GMT

Turkey’s parliament has voted in favour of Sweden joining Nato and Arab nations are about to unveil a peace plan for Israel and Hamas. Plus, the FT’s Kaye Wiggins explains whether a leadership change can help revive the Hong Kong Stock Exchange.

Mentioned in this podcast:

Turkish parliament votes in favour of Sweden’s accession to Nato

How China’s slowdown is deepening Hong Kong’s ‘existential crisis’

Arab nations develop plan to end Israel-Hamas war and create Palestinian state

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can the yield curve still predict recessions?

Tue, 23 Jan 2024 05:00:11 GMT

An inverted yield curve is sending jitters across the US economy, Japanese IT conglomerate Fujitsu is in hot water over its involvement in the UK Post Office scandal, and new details have emerged over how the SEC’s X account was hacked.

Mentioned in this podcast:

UK Post Office scandal exposes risks of Fujitsu’s hands-off approach

Yield curve adds to mystery over US economy

SEC says bitcoin X breach came after phone number was swapped

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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What’s next for Bitcoin ETFs?

Mon, 22 Jan 2024 05:00:25 GMT

Poland secures EU concession to limit food exports from Ukraine, Ron DeSantis ends his bid for the White House, investors turn to BlackRock and Fidelity for new crypto products, the US oil and gas industry is struggling to recruit Gen Z workers, and AI dominates Davos.

Mentioned in this podcast:

US bitcoin ETFs pull in $871mn in first three days of trading

The US shale magnate trying to sell oil and gas jobs to Generation Z

The top takeaways from this year’s World Economic Forum

Poland secures EU concession to limit food exports from Ukraine

Ron DeSantis drops out of White House race and endorses Trump

CREDIT: World Economic Forum

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What if AI knows your death date?

Fri, 19 Jan 2024 05:00:47 GMT

UK chancellor Jeremy Hunt has signalled he wants to cut taxes further in the coming months, the conflict in the Red Sea is rekindling fears over oil and inflation, and the FT’s Anjana Ahuja says scientists have developed artificial intelligence models to predict how long people will live.

Mentioned in this podcast:

UK chancellor signals he wants more tax cuts before election

Why US strikes in Middle East are rekindling fears over oil and inflation

Could an AI ‘death calculator’ actually be a good thing?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China is not out of the woods yet

Thu, 18 Jan 2024 05:00:42 GMT

A top IMF official has warned that central banks need to move cautiously on cutting rates this year, BP has appointed interim boss Murray Auchincloss as its permanent chief executive, and Rishi Sunak quelled a rightwing Conservative revolt over his flagship Rwanda asylum bill. Plus, the FT’s Joe Leahy explains why China’s population decline accelerated in 2023 as its economy grew at one of the lowest rates in decades.

Mentioned in this podcast:

IMF official warns central banks against fuelling inflation with rapid rate cuts

Stocks drop as ECB and UK inflation puncture interest rate cut hopes

BP appoints interim boss Murray Auchincloss as permanent chief

Tory rebels abandon revolt over Rishi Sunak’s Rwanda bill

China’s population decline accelerates as economy reaches low growth target

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The uphill battle to beat Trump

Wed, 17 Jan 2024 05:00:29 GMT

Wage growth is slowing in the world’s largest economies, a federal judge stopped JetBlue’s planned deal to buy Spirit Airlines, and the EU’s tax on ‘dirty’ imports could fragment global trade. Plus, the FT’s Lauren Fedor explains the uphill battle for the Republican presidential nomination that Nikki Haley and Ron DeSantis are facing.

Mentioned in this podcast:

Wage growth slows in world’s major economies

How global trade could fragment after the EU’s tax on ‘dirty’ imports

JetBlue’s $3.8bn bid for rival airline Spirit blocked by US judge

Nikki Haley and Ron DeSantis running out of time to stop Donald Trump

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US-owned ship attacked off Yemen

Tue, 16 Jan 2024 04:59:37 GMT

Red Sea shipping route remains dangerous. What's behind Chinese carmaker BYD's success in the electric vehicle market? And new figures show Germany was the world’s weakest-performing major economy last year.

Mentioned in this podcast:

Germany was worst-performing major economy last year

China’s electric vehicle dominance presents a challenge to the west

Wang Chuanfu, the driving force behind BYD’s rise

The FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Persis Love, Josh Gabert-Doyon, and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Simon Panayi. Topher Forhecz and Manuela Saragosa were executive producers. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Taiwan defies China in election

Mon, 15 Jan 2024 05:00:49 GMT

Taiwan’s presidential election shows that voters are willing to defy China, the 2024 US presidential election kicks off today, and American banks say that American consumers are in good shape.

Mentioned in this podcast:

What Taiwanese voters’ defiance means for China

Banks say US consumers in good shape but poll shows Biden gets no credit

Iowa poll shows Trump far ahead of rivals in Republican race

Credit: CBS News

Read a transcript of this episode on FT.com

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The world’s biggest mining project finally gets off the ground

Fri, 12 Jan 2024 05:00:18 GMT

The US and the UK have carried out military strikes against Iran-backed Houthi rebels, US inflation numbers for December cool expectations for interest rate cuts in March. Plus, the FT’s Tom Wilson explains why the world’s biggest mining project took so long to get off the ground and whether it was worth the headache.

Mentioned in this podcast:

US and UK launch strikes against Houthi rebels in Yemen

Buckle up — the inflation battle is entering a new phase

World’s biggest mining project to start after 27 years of setbacks and scandals

Newsletter: Chris Giles on Central Banks

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What ETFs mean for bitcoin

Thu, 11 Jan 2024 05:00:43 GMT

US President Joe Biden plans to send a high-level delegation to Taipei after the election in Taiwan on Saturday, the US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds, and the Iran-backed militant group known as the Houthis are stepping up its attacks in the Red Sea.

Mentioned in this podcast:

Joe Biden to send delegation to Taipei after Taiwan’s election

Taiwan’s pivotal vote: China casts shadow over island’s election

SEC approves first spot bitcoin ETFs in boost to crypto advocates

Who are the Houthis?

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Follow Untold: The Retreat on Apple Podcasts, Spotify or wherever you listen to podcasts.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The scramble for a new EU leader

Wed, 10 Jan 2024 05:00:28 GMT

Chinese companies are resorting to chips repurposed from standard PC gaming products to develop artificial intelligence tools, and Charles Michel’s run for European parliament is causing a scramble to replace him. Plus, a new TV show is firing Brits up over a decades-old post office scandal.

Mentioned in this podcast:

Chinese companies resort to repurposing Nvidia gaming chips for AI

How Charles Michel’s parliament plan fires up the EU’s top job battle

How a Post Office drama galvanised Britain

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Boeing get back on track?

Tue, 09 Jan 2024 05:00:22 GMT

Shares in Boeing and supplier Spirit AeroSystems tumbled after a mid-flight accident, and tens of thousands of Afghan women and girls have been able to join online study programmes despite the Taliban’s ban on female education.

Mentioned in this podcast:

Boeing and supplier shares fall after mid-flight Alaska Airlines accident

Afghan women and girls flock online to evade Taliban curbs on female education

Biden says he is pressing Israel to ‘significantly get out’ of Gaza

Israel says it has destroyed Hamas as a fighting force in north Gaza

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Football clubs are pouring billions into stadiums

Mon, 08 Jan 2024 05:00:48 GMT

A pile up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks, and European football clubs are pouring money into transforming stadiums. Plus, the FT’s Joe Miller explains why another bad bet by SoftBank could be trouble for the Japanese group.

Mentioned in this podcast:

SoftBank’s Gen Z social media bust: was IRL the next Facebook or a fraud?

The European football clubs turning stadiums into cash cows

Largest US banks set to log sharp rise in bad loans

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Local Chinese banks get a lifeline

Fri, 05 Jan 2024 05:00:15 GMT

One of the world’s top gold producers fired its chief executive for serious misconduct, Chinese provinces pumped a record $31bn of capital into fragile regional banks last year, and German inflation accelerated to its fastest rate for three months in December. Plus, a study shows widespread untracked fishing is hindering global efforts to protect depleted fish stocks and marine environments.

Mentioned in this podcast:

Endeavour Mining CEO dismissed for serious misconduct

Off-radar fishing threatens efforts to preserve stocks, study warns

China steps up aid for regional banks as economic risks mount

German inflation rises to 3.8% in blow to rate-cut hopes

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Convertible bonds are so hot right now

Thu, 04 Jan 2024 05:00:05 GMT

Minutes from the December Federal Reserve meeting show that officials were committed to higher-for-longer interest rates, convertible bonds have been a rare bright spot for corporate fundraising, and two bombs killed more than a hundred people in southern Iran yesterday. Plus, some Russians convicted of gruesome crimes are returning to their communities after fighting in Ukraine.

Mentioned in this podcast:

Fed officials said rates could remain high ‘for some time’

US companies dive into convertible debt to hold down interest costs

Bomb blasts at Iranian commander’s grave kill nearly 100

The Russian murderers sent home as free men after fighting in Ukraine

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

BlackRock and Vanguard duke it out over ETF market

Wed, 03 Jan 2024 05:00:17 GMT

Russia has fired a second massive barrage of the new year on Ukraine’s capital and the country’s second-largest city, Benjamin Netanyahu’s rightwing allies have blasted Israel’s top court for striking down a controversial law aimed at overhauling the country's judiciary, and BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals.

Mentioned in this podcast:

Russia pounds Ukraine in new year’s second massive air strike

Benjamin Netanyahu’s allies blast top court but wait to revive judicial overhaul

Vanguard and rivals gain ground on BlackRock in US ETF market

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets, elections and AI in 2024

Tue, 02 Jan 2024 05:00:11 GMT

The FT’s Peter Spiegel, Katie Martin and Elaine Moore preview what could happen in geopolitics, markets and artificial intelligence in 2024.

Read a transcript of this episode on FT.com

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From “What Next”: Wait, China’s Taking Our Pandas Back?

Fri, 29 Dec 2023 05:00:20 GMT

FT News Briefing presents a special episode from Slate’s “What Next” podcast, hosted by Mary Harris. Everybody loves pandas—and China knows it. As we say goodbye to the National Zoo’s pandas, this Slate podcast looks back at 50 years of “panda diplomacy” and consider its uncertain future. Join Harris as she speaks with E. Elena Songster, author of Panda Nation: The Construction and Conservation of China’s Modern Icon and professor of environmental history of modern China at St. Mary’s College of California. FT News Briefing will return with regular episodes next week.

Hosted on Acast. See acast.com/privacy for more information.

Superintelligent AI: can chatbots think?

Thu, 28 Dec 2023 05:00:27 GMT

Are generative AI systems such as OpenAI’s ChatGPT really intelligent? Large language models such as GPT 4 appear to use human-level cognitive abilities when they engage in legal reasoning, write essays or solve complex problems. Hosts John Thornhill and Madhumita Murgia speak to Emily Bender, professor of computational linguistics at the University of Washington, to find out what’s really happening under the hood, and also hear from Pablo Arredondo of CaseText, which develops AI tools for lawyers; influential computer scientist Melanie Mitchell, professor at the Santa Fe Institute, and Konstantin Arkoudas, an AI expert who’s worked on Amazon’s Alexa.

Free links:

OpenAI set to launch store as ChatGPT reaches 100mn users

How to keep the lid on the Pandora’s box of AI

We need a political Alan Turing to design AI safeguards

‘I’ve never seen anything like this’: how OpenAI’s dramatic weekend unfolded

Tech Tonic is presented by Madhumita Murgia and John Thornhill. Senior producer is Edwin Lane and the producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Culture chat: ‘Napoleon’ with historian Simon Schama

Wed, 27 Dec 2023 05:00:30 GMT

Historian Sir Simon Schama and FT deputy arts editor and film expert Raph Abraham join Lilah to discuss the historical epic ‘Napoleon’. Ridley Scott’s new two-and-a-half-hour-long film stars Joaquin Phoenix, and documents a lot: Napoleon’s rise and fall, some of his most famous battles, and his relationship with his wife, Josephine. But how well does it represent his character? We discuss what the film got right and wrong (historically and dramatically), why Napoleon continues to loom so large in culture, and whether historical epics still satisfy us.

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We are still collecting your cultural predictions for 2024! What’s one thing you think will happen (or want to happen) in culture next year? Write us. You can email us at lifeandart@ft.com or message Lilah on Instagram @lilahrap.

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Links (all FT links get you past the paywall):

– Simon’s FT Weekend essay on Napoleon, and why so many writers and filmmakers try to depict him: https://on.ft.com/4861gbn

– the FT’s official review of Napoleon by Danny Leigh: https://on.ft.com/484moPh

– An essay from Janan Ganesh on why Napoleon still matters: https://on.ft.com/3uWF8Sj

– Simon recommends the 2012 movie ‘Lincoln’, directed by Steven Spielberg

– Raph is a fan of Pablo Larrain’s ‘Jackie,’ from 2016, and the Leonard Bernstein biopic ‘Maestro’, directed by Bradley Cooper and available on Netflix on December 20

– We interviewed Pablo Larrain in 2021 about his creative process: https://on.ft.com/3oofjVO

– Lilah wrote a column about learning to draw: https://on.ft.com/46NBaZt

– Simon is on X @simon_schama

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Special FT subscription offers for Life and Art podcast listeners, from 50% off a digital subscription to a $1/£1/€1 trial, are here: http://ft.com/lifeandart

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Original music by Metaphor Music. Mixing and sound design by Breen Turner.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hot Money: The New Narcos

Tue, 26 Dec 2023 05:00:35 GMT

When a Dutch crime reporter makes an unbelievable discovery, a small-town murder case begins to look like an international assassination plot.

For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.

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Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The year of weight-loss drugs

Fri, 22 Dec 2023 05:00:16 GMT

Chancellor Jeremy Hunt raised the prospect of the Bank of England reducing interest rates in 2024 in an interview with the FT, and Novo Nordisk’s drugs for obesity could have a profound effect on healthcare, society and our relationship with food. Plus, part three or our three-part series on a changing India looks at the country’s booming fertility industry.

Mentioned in this podcast:

FT Person of the Year: Lars Fruergaard Jørgensen of Novo Nordisk

Jeremy Hunt raises prospect of Bank of England rate cuts in 2024

Credit: Vogue.com

Credit: Jimmy Kimmel Live

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

This bond market rally is epic

Thu, 21 Dec 2023 05:00:20 GMT

A global rally in government debt has driven yields past many Wall Street targets for the end of 2024, and rising premiums in China are driving families to cancel health coverage. Plus, in the second of a three-part series, the FT’s Benjamin Parkin travels to southern India to see whether factories can help solve the country’s employment problems.

Mentioned in this podcast:

Bond market rally drives yields past Wall Street’s end-2024 targets

Millions drop out of China’s state health insurance system

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann and Joanna Kao. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

India’s digital transformation

Wed, 20 Dec 2023 05:00:52 GMT

Copper is set to finish the year as the top-performing industrial metal, and the FT’s John Paul Rathbone recently visited a Hamas tunnel and talks about his experience. Plus, in the first part of a three-part series, the FT’s John Reed goes to Varanasi to show how India’s digital transformation is going.

Mentioned in this podcast:

Supply squeeze helps copper prices buck tough year for base metals

Inside the ‘Gaza metro’: Israel displays Hamas tunnel big enough for a car

Narendra Modi responds to assassination claims

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US Steel gets a new owner

Tue, 19 Dec 2023 05:00:36 GMT

Activist investor Cevian Capital has taken a €1.2bn stake in UBS, and Nippon Steel has agreed to buy US Steel in a $14.9bn deal. Plus, the FT’s Josh Gabert-Doyon takes us to the English town of Widnes and discusses what the destruction of fossil fuel infrastructure means for local citizens.

Mentioned in this podcast:

Activist Cevian places €1.2bn bet on UBS

Nippon Steel agrees to buy US Steel for $14.9bn

The Fiddler’s Ferry blast that will reshape a town’s identity

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A Chinese spy in Europe’s midst

Mon, 18 Dec 2023 05:00:43 GMT

Corporate bankruptcies are increasing at double-digit rates in most advanced economies, and TSMC is going to play a huge role in Taiwan’s upcoming election. Plus the FT’s Henry Foy explains how a European politician spied for China.

Mentioned in this podcast:

UK’s biggest companies failing to close pay gap, says report

Chipmaker TSMC casts long shadow over Taiwan election

Chinese spies recruited European politician in operation to divide west

Bankruptcies soar as high rates and end of Covid aid hit businesses hard

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UAW strike kicks off new era for US labour

Fri, 15 Dec 2023 05:00:39 GMT

Central banks are charting different courses for interest rates in 2024, and EU leaders have agreed to officially start accession talks with Ukraine. Plus, for US union leader Shawn Fain, the historic auto workers strike is only the beginning.

Mentioned in this podcast:

EU leaders agree to start accession talks with Ukraine

Stocks and bonds surge as Jay Powell comments fuel bets on interest rate cuts

ECB keeps rate on hold but lowers inflation forecast

Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%

The unexpected revival of America’s trade unions

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The west is losing patience with Israel

Thu, 14 Dec 2023 05:00:36 GMT

The Federal Reserve on Wednesday held interest rates at a 22-year high, countries reached a deal at the COP28 climate summit to transition away from fossil fuels, and Germany reached a last-minute budget deal to avoid a financial shutdown. Plus, the FT’s John Paul Rathbone explains whether Israel can continue its pursuit of Hamas without losing western support.

Mentioned in this podcast:

How the COP28 deal was won but the battle for 1.5C may be lost

Joe Biden’s criticism of Israel highlights mounting unease over Gaza war

Federal Reserve keeps rates at 22-year high but hints at cuts to come

Germany agrees budget deal to plug €17bn hole after debt ruling

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is Signa’s downfall a canary in the coalmine?

Wed, 13 Dec 2023 05:00:28 GMT

UK Prime Minister Rishi Sunak headed off a Conservative revolt over his flagship Rwanda migration bill, US core inflation rose last month, and the FT’s Sam Jones explains the downfall of Signa, one of Europe’s most prominent property developers.

Mentioned in this podcast:

Rishi Sunak secures win in Rwanda asylum vote

Rise in US core inflation highlights stubborn price pressures

Rwanda vote exposes Tory divisions despite Rishi Sunak’s win

Signa fires René Benko ally for suspected ‘gross violations’ of duties

Insurers built €3bn exposure to struggling Signa property empire

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wealthy donors and campus speech

Tue, 12 Dec 2023 05:00:40 GMT

Investors poured record sums into high-yield bond exchange traded funds in November, Rishi Sunak will on Tuesday seek to face down rightwing Tory rebels by pushing ahead with his controversial Rwanda bill, and the FT’s Joshua Chaffin tells us about the wealthy donors pushing for US universities to crack down on antisemitism.

Mentioned in this podcast:

High-yield bond ETFs attract highest flows on record in November

Government to face down party rebels over Rwanda bill

The Ivy League, Wall St donors and the furore over antisemitism on campus

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Big Four’s year of layoffs

Mon, 11 Dec 2023 05:00:11 GMT

French immigration reforms put Emmanuel Macron’s leadership to the test, Pisa rankings show sharp decline in student attainment in maths and reading since 2018, India’s stock market is set to take Hong Kong’s spot among world’s largest, and Shohei Ohtani signs a record $700mn baseball contract with Los Angeles Dodgers.

Mentioned in this podcast:

UK students fall behind on core skills post-pandemic

EY to cut a further 150 UK jobs as Big Four firms grapple with waning demand

Shohei Ohtani signs record $700mn baseball contract with Los Angeles Dodgers

India’s stock market set to take Hong Kong’s spot among world’s largest

French immigration reforms put Emmanuel Macron’s leadership to the test

Credit: MLB.com

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Zach St. Louis. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US oil is keeping Opec on its toes

Fri, 08 Dec 2023 05:00:16 GMT

The EU is set to pave the way for completely ending gas imports from Russia and Belarus, and a record supply of oil from the US is complicating Opec+ maths. Plus, the FT’s Jennifer Hughes explains why the price of gold and bitcoin are both booming in the same week.

Mentioned in this podcast:

EU paves way for total ban on Russian gas imports

Oil market caught by surprise as US output surges

Gold price hits all-time high as traders bet on interest rate cuts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The humanitarian crisis worsens in Gaza

Thu, 07 Dec 2023 05:00:12 GMT

Moody’s Investors Service advised staff in China to work from home ahead of its cut to the outlook for the country’s sovereign credit rating, Palestinians in Gaza are running out of places to evacuate to, and oil prices have fallen to their lowest level in five months. Plus, the FT’s Christopher Miller explains what would happen on the ground in Ukraine if western aid dries up.

Mentioned in this podcast:

Moody’s advised staff to work from home ahead of China outlook cut

Joe Biden says Republican refusal to fund Ukraine is a ‘gift’ to Vladimir Putin

Kyiv’s political feuds cause cracks in Ukrainian unity

Shattered Israel-Hamas truce leaves Gaza’s civilians with nowhere left to run

Republicans tell Joe Biden US aid to Kyiv depends on immigration curbs

EU budget dispute threatens €50bn war lifeline for Ukraine

Oil slumps to lowest in five months despite Opec+ production cuts

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The crackdown on Ukraine’s oligarchs

Wed, 06 Dec 2023 05:00:20 GMT

Leading economists say the Federal Reserve will hold off on interest rate cuts until at least July 2024, and the US Supreme Court heard a case that could shut down Democrats’ attempts to impose a wealth tax. Plus, the FT’s Europe editor, Ben Hall, explains why Ukraine is cracking down on oligarchs and what it means for the country.

Mentioned in this podcast:

Economists see Fed keeping rates at 22-year high until at least July

How the US Supreme Court could thwart a prospective wealth tax

US Supreme Court appears wary of upending tax law in closely watched case

The crackdown on Ukraine’s oligarchs

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hot Money: The New Narcos - Ep. 1, Murder Brokers

Tue, 05 Dec 2023 16:50:39 GMT

Hot Money is back with a brand new season. On the first episode of Hot Money: The New Narcos, a Dutch crime reporter makes an unbelievable discovery, and a small-town murder case begins to look like an international assassination plot.

Subscribe to Hot Money: The New Narcos

Hosted on Acast. See acast.com/privacy for more information.

Venezuela votes for a land grab in Guyana

Tue, 05 Dec 2023 05:00:49 GMT

The UK will make it harder for employers to hire overseas staff in an attempt to reduce record immigration by 300,000 a year, a Venezuelan referendum lays claim to two-thirds of neighbouring Guyana, and the White House says the US is set to run out of funds to aid Ukraine by the end of the year. Plus, we get a preview of the new Hot Money season, which dives into the European cocaine trade.

Mentioned in this podcast:

UK government unveils measures to cut immigration by 300,000 a year

Venezuela says voters back claim to oil-rich swath of Guyana

US funding for Ukraine set to run out by end of the year, White House warns

Subscribe to Hot Money: The New Narcos

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Edith Rousselot, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wealthy Argentines flock to Uruguay

Mon, 04 Dec 2023 05:00:01 GMT

Israel has ordered Palestinians in Gaza to evacuate a large area of land in the south of the strip, South Korea has become a top 10 defence exporter since the start of the war in Ukraine, Prime Minister Narendra Modi’s Bharatiya Janata party has won a series of resounding victories in India’s state polls, and wealthy Argentines are moving to Uruguay to avoid high taxes.

Mentioned in this podcast:

Israel pounds southern Gaza after US warning on civilian deaths

South Korean defence industry rides global order wave

‘Leaving without leaving’: Argentines are flocking to Uruguay to avoid a high tax burden

Narendra Modi’s BJP triumphs in India state elections

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing Hot Money: The New Narcos

Fri, 01 Dec 2023 05:04:07 GMT

Hot Money is back with a new season that begins with a mysterious murder in a small town and leads to a cocaine super cartel and a secret proxy war between democracies and dictatorships.

Follow Hot Money: The New Narcos here.

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Why markets had a stellar November

Fri, 01 Dec 2023 05:00:07 GMT

Washington is aiming to halve Russia’s oil and gas revenues by the end of this decade, and markets turned things round and had a great November. Plus, the FT’s Nicholas Megaw explains how investors use AI to decode what executives say on earnings calls.

Mentioned in this podcast:

US aims to halve Russia’s energy revenues by 2030, says official

Investors use AI to glean signals behind executives’ soothing words

Markets in 2024: Investors bet on déjà vu all over again

Read a transcript of this episode on FT.com

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Nato says don’t underestimate Russia

Thu, 30 Nov 2023 05:00:21 GMT

Nato’s secretary-general is warning the west not to underestimate Russia, Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn, and an audio essay by the FT’s Najmeh Bozorgmehr explores Iranians’ complicated feelings about the Israel-Gaza conflict.

Mentioned in this podcast:

Russia has stockpiled missiles for winter attack on Ukraine, says Nato

Cigna and Humana in deal talks to create US health insurance giant

Why Nato’s reassurances to Ukraine are starting to ring hollow

Iranians see both sides of the Israel-Gaza conflict

American diplomat Henry Kissinger dies aged 100

Read a transcript of this episode on FT.com

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Germany’s €60bn budget hole

Wed, 29 Nov 2023 05:00:25 GMT

A record number of Chinese people have defaulted since the outbreak of the coronavirus pandemic, a court ruling in Germany has opened up a huge €60bn hole in the country’s budget, and the FT’s Christine Murray explains why Mexico is benefitting from companies rethinking their foreign investments.

Mentioned in this podcast:

Chinese people default in record numbers as economic crisis deepens

‘A house of cards’: court ruling leaves Olaf Scholz’s legacy in tatters

The city where Mexico’s nearshoring hype is becoming reality

Berkshire Hathaway’s Charlie Munger dies aged 99

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel-Hamas truce extended

Tue, 28 Nov 2023 05:00:56 GMT

Qatar said mediators had secured a deal to prolong the temporary truce between Israel and Hamas by two days, Chinese fast-fashion group, Shein, has filed confidential paperwork for an initial public offering with the US securities regulator, and Tesla CEO Elon Musk is experiencing a bit of culture shock as he fights against union action in Sweden. Plus, the value of rare whiskies sold at auction has recorded the steepest fall in a decade other than during the pandemic.

Mentioned in this podcast:

Israel-Hamas truce extended by 2 days, says Qatar

Chinese fast-fashion retailer Shein makes confidential filing for US IPO

Tesla wins interim decision against Swedish state over car number plates

Premium whisky prices slump as weak global economy hurts taste for luxury

Read a transcript of this episode on FT.com

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COP28: Climate summit tries to kick fossil fuel habit

Mon, 27 Nov 2023 05:00:12 GMT

Turkey’s exports to Russia of goods vital for Moscow’s war machine have soared in 2023, and nations at this year’s COP28 summit will revisit a proposal to phase out fossil fuels. Plus, the FT’s Madhumita Murgia explains how one patient in need of a new liver exposed major flaws in the UK’s organ transplant system.

Mentioned in this podcast:

Future of fossil fuels leaves nations at odds ahead of UN climate summit

Turkey’s exports of military-linked goods to Russia surge

Algorithms are deciding who gets organ transplants. Are their decisions fair?

Tech Tonic podcast: Superintelligent AI

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What the Dutch far-right win means for the EU

Fri, 24 Nov 2023 05:00:15 GMT

Voters in the Netherlands elect Geert Wilders; UK immigration numbers reach new high; Plus, senior Carlsberg executives are detained in Russia.

Mentioned in this podcast:

Net migration to the UK hit record 745,000 in 2022

Far-right Dutch victory puts European liberal democracy on defensive

Ex-Carlsberg executives detained in Russia over fraud claims

The FT News Briefing this week was produced by Kasia Broussalian, Sonja Hutson, Fiona Symon, Marc Filippino, Josh Gabert-Doyon and me, Persis Love. Our engineers were Monica Lopez and Odinn Ingibergsson. We had help this week from Saffeya Ahmed, Joanna Kao, Sam Giovinco, David da Silva, Michael Lello, Peter Barber and Gavin Kallmann. Our executive producers this week were Manuela Saragosa and Topher Forhecz. Cheryl Brumley is the FT’s global head of audio and our theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Ousted OpenAI board member on AI safety concerns

Thu, 23 Nov 2023 04:00:51 GMT

Sam Altman returns and OpenAI board members are given the boot; US authorities foil a plot to kill Sikh separatist leader on US soil; plus, the UK’s Autumn Statement increases the tax burden.

Mentioned in this podcast:

US thwarted plot to kill Sikh separatist on American soil

Hunt cuts national insurance but taxes head to postwar high

OpenAI says Sam Altman to return as chief executive under new board

The FT News Briefing is produced by Persis Love, Josh Gabert-Doyon and Edwin Lane. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Manuela Saragosa is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

OpenAI and Sam Altman’s superpowers

Wed, 22 Nov 2023 05:00:01 GMT

Israel and Hamas have agreed a deal to release hostages, Dutch voters head to the polls today, and Binance chief executive Changpeng Zhao has resigned after pleading guilty to a US criminal charge. Plus, the FT’s George Hammond explains why Sam Altman has so many people rallying behind him after he was ousted from OpenAI.

Mentioned in this podcast:

Israel approves hostage deal with Hamas

Dutch election shapes up as tight race to replace Mark Rutte

Binance chief Changpeng Zhao pleads guilty in US criminal case

OpenAI directors in talks with Sam Altman on rejoining board

Read a transcript of this episode on FT.com

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Argentina is in its Milei era

Tue, 21 Nov 2023 05:00:16 GMT

A majority of OpenAI employees sent a letter demanding that the board reinstate former CEO Sam Altman, Argentina is entering a new era after electing radical libertarian outsider Javier Milei as president, and the US Department of Justice is seeking more than $4bn from Binance to settle a criminal fraud investigation. Plus, the FT’s Alec Russell unpacks Indonesian president Joko Widodo’s ambitious plan to build a new capital city and turn the country into an economic superpower.

Mentioned in this podcast:

Majority of OpenAI staff threaten to quit unless Sam Altman is reinstated

Investors cheer Milei victory in Argentina

Javier Milei prepares shock therapy to cure Argentina’s sickly economy

US DoJ seeks more than $4bn from Binance to settle criminal probe

Is Indonesia finally set to become an economic superpower?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Milei elected president of Argentina

Mon, 20 Nov 2023 05:00:15 GMT

Radical libertarian economist, Javier Milei, has won Argentina’s presidential elections, investors are shaking up the venture capital market by raising money to buy out start-ups, and Bangladesh is struggling to keep the lights on after going all-in on liquefied natural gas.

Mentioned in this podcast:

Radical libertarian Javier Milei elected president of Argentina

Investors shake up VC market by raising money to buy out start-ups

Will Bangladesh come to regret its dash for gas?

Altman appears at OpenAI offices as pressure grows to reinstate him

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Josh Gabert-Doyon, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Life and Art: Nathan Fielder and ‘The Curse’

Sat, 18 Nov 2023 05:00:02 GMT

Introducing Life and Art, a new podcast FT Weekend. Join host Lilah Raptopoulos for two episodes each week.

On Mondays, they talk about life and how to live a good one. On Fridays, Lilah hosts a roundtable that will dive deep into a piece of culture that’s in the air right now.

On this episode, Lilah’s joined by FT columnist Stephen Bush and assistant arts editor Rebecca Watson to talk about the new cringe-drama-comedy show, The Curse. They discuss the show and how prestige TV is changing comedy. Why are we laughing less, and cringing more? And why is comedy so complicated right now?

Click here to follow Life and Art, from FT Weekend.

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EY’s new leader has her work cut out for her

Fri, 17 Nov 2023 05:00:08 GMT

More than half of low-income UK households with mortgages have fallen behind on one or more of their bills and Alibaba disappointed investors after announcing that it ditched plans to spin off its cloud business. Plus, the FT’s Stephen Foley talks about EY’s new leader Janet Truncale and how she might steer the accounting firm.

Mentioned in this podcast:

Alibaba ditches plans to spin off cloud business and list supermarket

EY picks Janet Truncale as the first woman to lead a Big Four firm

Low-income borrowers hit hardest by Bank of England rate rises

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sunak grapples with ruling on flagship asylum plan

Thu, 16 Nov 2023 05:00:09 GMT

UK Prime Minister Rishi Sunak is attempting to save a plan to deport asylum seekers to Rwanda; an EU proposal will see Denmark enforcing the price cap on Russian oil by checking ships in the Baltic Sea; Plus, EY names a new CEO.

Mentioned in this podcast:

Sunak vows emergency legislation as Supreme Court rules against Rwanda policy

EY picks Janet Truncale as first woman to lead Big Four firm

Denmark could block Russian oil tankers from reaching markets

This episode of FT News Briefing was produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Biden and Xi meet in San Francisco

Wed, 15 Nov 2023 05:00:41 GMT

Joe Biden and Xi Jinping will hold a high-profile summit in San Francisco today, US inflation fell more than expected to 3.2 per cent in October, and the war in Ukraine is doing serious damage to Russia’s labour market.

Mentioned in this podcast:

Biden and Xi meet in bid to stabilise relations between superpowers

US stocks and bonds jump after inflation falls to 3.2%

Russia’s war economy leaves businesses starved of labour

AI outperforms conventional weather forecasting methods for first time

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The return of David Cameron

Tue, 14 Nov 2023 05:00:00 GMT

Global investment banks have criticised a blanket ban on short selling imposed by South Korean regulators, UK Prime Minister Rishi Sunak stunned Westminster on Monday by restoring former PM David Cameron to the political frontline, and the FT’s Christopher Grimes explains what the future of Hollywood might look like after months of strikes.

Mentioned in this podcast:

Global banks criticise Korean short selling ban as ‘phantom farce’

David Cameron returns as UK foreign secretary after Suella Braverman is sacked

Gaza’s al-Shifa hospital ‘ceases to function’ as it runs out of fuel

Hollywood snaps back into action after actors reach deal to end strikes

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The hack that halted the US Treasury market

Mon, 13 Nov 2023 05:00:46 GMT

The UK’s Takeover Panel has reported its first deficit in almost a decade, and oil prices have been cooling off at a pretty weird time. Plus, the FT’s Kate Duguid explains why a hack at China’s biggest bank put the US Treasury market on ice.

Mentioned in this podcast:

UK Takeover Panel falls victim to deal drought

Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank

I’m going to dip my fat fingers in oil (Opinion)

Iceland declares state of emergency as it braces for volcanic eruption

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

FTNB Live: The best US cities for foreign investment

Sat, 11 Nov 2023 05:00:21 GMT

We’re bringing you a special live conversation from the FT’s Investing in America conference in Miami. Marc is joined on stage by FT US managing editor Peter Spiegel, FT energy reporter Amanda Chu, fDi Intelligence editor Jacopo Dettoni, and fDi managing director Chris Knight to discuss which city won the top spot on the FT’s ranking of best US cities for foreign investment.

Hosted on Acast. See acast.com/privacy for more information.

Paris races to clean up Seine before Olympics

Fri, 10 Nov 2023 05:00:40 GMT

Russia has added at least Rbs3.4tn ($37bn) to its budget for this year, the war between Israel and Hamas is starting to bite into Israel's economy, and Spain’s ruling Socialist party has sealed a contentious amnesty deal with Catalan separatists. Plus, Paris is rushing to make the river Seine clean enough for Olympic athletes to swim next summer.

Mentioned in this podcast:

Russia adds more than 3tn roubles to its budget

‘I’m not sure we’ve got a safety net’: Israeli businesses buckle as war hits economy

Pedro Sánchez set to retain power in Spain after amnesty deal with Catalan separatists

Paris bets on giant tank to clean up Seine river in time for Olympics

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing: Life and Art, from FT Weekend

Thu, 09 Nov 2023 06:00:19 GMT

Introducing Life and Art, from FT Weekend. It's a new twice-weekly culture podcast from the Financial Times. On Monday, we talk about life, and how to live a good one, in a one-on-one conversation that explores everything from food and travel to philosophy and creativity. On Friday, we talk about “art” – in a chat show! Three FT journalists come together to discuss a new cultural release across film, TV, music and books. Hosted by Lilah Raptopoulos, together with the FT’s award-winning writers and editors, and special guests.

Click here to follow Life and Art, from FT Weekend.

Hosted on Acast. See acast.com/privacy for more information.

Arm wrestles with bad first quarter as a public company

Thu, 09 Nov 2023 05:00:27 GMT

Shares of UK chip designer Arm fell after its revenue forecast for the current quarter left Wall Street underwhelmed, the US’s top diplomat has provided Washington’s most detailed plan for the postwar future of Gaza, Portugal’s corruption scandal is spelling trouble for the government’s economic plans, and US President Joe Biden got some pretty conflicting news for his re-election campaign this week.

Mentioned in this podcast:

UK chip designer Arm’s shares fall after disappointing revenue forecast

US calls for Palestinian Authority to run Gaza and West Bank after the war with Hamas

Portugal’s economic plans in disarray after PM resignation

Portuguese PM António Costa resigns as corruption crisis erupts

Democratic wins in US state votes boost Joe Biden

‘People are frustrated’: Gaza war opens rift among US Democrats

Access 50 per cent off of a digital subscription FT.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel plans for ‘indefinite’ grip over Gaza

Wed, 08 Nov 2023 05:00:21 GMT

The IMF has warned rapid wage increases in eastern Europe risk eroding the region’s competitive edge, Israel’s prime minister Benjamin Netanyahu said the country will maintain indefinite control over Gaza, and Australia’s prime minister went to China this week in a dramatic turnround in relations between the two countries. Plus, economists are worried falling pork prices in China might tip the country back into deflation.

Mentioned in this podcast:

Soaring wage growth risks blunting eastern Europe’s edge, IMF warns

Israel plans ‘indefinite’ controls over Gaza, says Benjamin Netanyahu

Australia seeks reset with Xi Jinping while balancing ties with US

The quick and easy guide for countries resisting Chinese trade coercion

Falling pork prices threaten to push China back into deflation

Rachman Review podcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The best US cities for foreign investment

Tue, 07 Nov 2023 05:00:50 GMT

WeWork filed for bankruptcy, PwC plans to cut up to 600 jobs in the UK, and the FT’s Peter Spiegel explains who won the distinction of the best US city for foreign investment.

Mentioned in this podcast:

WeWork files for bankruptcy amid office market downturn

WeWork: boxed-in flexible space group seeks new lease of life

PwC to cut up to 600 UK jobs as attrition rate plunges

Houston overtakes Miami as best place for foreign businesses in annual FT-Nikkei ranking

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Private equity wrestles with higher interest rates

Mon, 06 Nov 2023 05:00:21 GMT

Donald Trump testifies in New York today, Japan’s prime minister turns to stimulus to offset the pain of inflation, private equity is getting pummelled by higher interest rates, and Berkshire Hathaway reported a record amount of cash on hand.

Mentioned in this podcast:

Japan’s PM Fumio Kishida bets on $113bn stimulus to tackle inflation pain

Private equity: higher rates start to pummel dealmakers

Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels

Donald Trump prepares to testify in New York civil fraud trial

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried found guilty

Fri, 03 Nov 2023 04:00:07 GMT

Israeli troops have entered Gaza City, European private equity group CVC Capital Partners has postponed plans to float until next year, and central banks are hitting pause on interest rate rises while inflation stays strong.

Mentioned in this podcast:

Israeli army attempts to ‘encircle’ Gaza City as Joe Biden calls for pause in fighting

CVC Capital Partners postpones plans for Amsterdam listing

Central banks hold interest rates at a scary time

BoE expected to leave rates unchanged as inflation remains strong

AI companies agree to government tests on their technology to assess national security risks

Sam Bankman-Fried convicted of fraud over FTX’s collapse

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Our engineer is Monica Lopez. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The battle for EV batteries in US speeds up

Thu, 02 Nov 2023 04:00:24 GMT

The Federal Reserve held interest rates steady, and people are now being allowed to cross the border from Gaza into Egypt. Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest.

Mentioned in this podcast:

US Federal Reserve holds interest rates at 22-year high

Egypt allows first evacuee departures from Gaza

Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?

Investing in America live

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Governments dip into AI regulation

Wed, 01 Nov 2023 04:00:52 GMT

Sam Bankman-Fried’s fraud trial is set to wrap up today, eurozone inflation fell to its lowest level for more than two years, and Odey Asset Management is to close after allegations of sexual assault and harassment against its founder. Plus, global political leaders and tech executives will gather in the UK next week to discuss risks of artificial intelligence.

Mentioned in this podcast:

He said, they said: Sam Bankman-Fried jury weighs duelling accounts of FTX’s downfall

Eurozone inflation falls more than expected to 2.9%

Odey Asset Management to close after sexual assault allegations against founder

How Sunak’s Bletchley Park summit aims to shape global AI safety

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Israel pushes deeper into Gaza

Tue, 31 Oct 2023 04:00:38 GMT

Israeli ground forces pushed deeper into the Gaza Strip on Monday, General Motors has reached a tentative deal with the United Auto Workers union, and the social media platform X, formerly known as Twitter, is now valued at $19bn, the company told employees. Plus, the FT’s Stefania Palma explains how Alphabet chief executive Sundar Pichai’s testimony before the US Department of Justice went on Monday.

Mentioned in this podcast:

The tactics behind Israel’s ground offensive

US autoworker strike nears end as GM reaches tentative deal with UAW

Sundar Pichai acknowledges Google search default deals were ‘very valuable’

Elon Musk’s X says it is worth $19bn one year after acquisition

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The return of the rice crisis

Mon, 30 Oct 2023 04:00:29 GMT

Israel has expanded its ground offensive in Gaza as the country launches a new phase of its war to destroy Hamas, and seven tech companies are dominating global stocks. Plus, the FT’s Susannah Savage explains why the world is entering a rice crisis and what can be done to fix it.

Mentioned in this podcast:

‘Magnificent Seven’ tech stocks drive US equity domination to new highs

The return of the rice crisis

Rémy Cointreau drops to three-year low as US consumers shun cognac

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried takes the stand

Fri, 27 Oct 2023 04:00:37 GMT

FTX founder Sam Bankman Fried gave a preview of his defence against fraud charges, the US is worried that Iran and its proxies will escalate attacks on American forces in the Middle East, and the FT’s Josh Franklin explains what Morgan Stanley’s leadership change means for the company.

Mentioned in this podcast:

Sam Bankman-Fried previews ‘advice of counsel’ defence in FTX fraud trial

Morgan Stanley makes its choice: how Ted Pick won the succession race

US moves to deter Iran ahead of Israel’s invasion of Gaza

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US House Speaker: Fourth time's the charm

Thu, 26 Oct 2023 04:00:40 GMT

Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives. Plus, in the first instalment of our Investing In America series, we travel to the Port of Albany to look at how money outside the US is changing the country.

Mentioned in this podcast:

Donald Trump ally Mike Johnson elected US House Speaker after weeks of gridlock

Investing in America

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Who to turn to when the world is crumbling

Wed, 25 Oct 2023 04:00:47 GMT

Microsoft registered an unexpected rebound in growth in its Azure cloud computing platform during the third quarter, environmental campaigners have attacked a critical part of the EU’s plans to green its energy supply, and the UN's secretary-general is denouncing what he calls “clear violations” of international law” in Gaza. Plus, the FT’s Arjun Neil Alim explains why companies are turning to former diplomats for help.

Mentioned in this podcast:

Microsoft’s unexpected rebound in Azure cloud growth lifts shares

UN chief denounces ‘clear violations’ of international law in Gaza

Campaigners warn EU over funds for hydrogen infrastructure

Companies on the hunt for geopolitical advice as tensions rise

Source: United Nations

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Commenting on Israel-Hamas is tricky for businesses

Tue, 24 Oct 2023 04:00:15 GMT

The EU’s top diplomat called on Monday for a pause in hostilities in order to allow aid deliveries into Gaza, and Argentine bonds tumbled after Sunday’s presidential election. Plus, the FT’s Anjli Raval explains why companies are struggling when it comes to weighing in on the Israel-Hamas war.

Mentioned in this podcast:

Argentina’s economy minister Sergio Massa seeks broad coalition after first-round election win

Business in a bind over messaging on Israel-Hamas war

EU’s top diplomat urges ‘humanitarian pause’ in Israel-Hamas war

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ukraine and Israel vie for EU’s attention

Mon, 23 Oct 2023 04:00:48 GMT

Toyota says it is close to being able to mass produce next-generation solid-state batteries, and the European Union is trying to juggle support for Ukraine and Israel. Plus, start up companies in Israel are being put to the test due to the war with Hamas.

Mentioned in this podcast:

Why the EU needs to join the dots between Israel and Ukraine

‘Start-up Nation’ goes to war

Toyota nears mass production of solid-state batteries

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Argentina dollarise?

Fri, 20 Oct 2023 04:00:20 GMT

The US, Britain and Germany called on their citizens to leave Lebanon, political tensions in the UK are starting to boil over about Israel's response to Hamas's attacks, and the FT’s Michael Stott tells us why a radical outsider is the frontrunner in Argentina’s presidential election.

Mentioned in this podcast:

US, UK and Germany tell citizens to leave Lebanon amid fears of wider conflict

Keir Starmer faces growing mutiny from within Labour over Israel-Hamas stance

The radical outsider promising to cure Argentina’s economic ills

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Read a transcript of this episode on FT.com

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Biden urges Israel to take caution

Thu, 19 Oct 2023 04:00:16 GMT

Israel will let basic humanitarian aid into Gaza through Egypt, traders have been increasing their bets against the Israeli shekel, TK Netflix, and Beijing is weighing holding up US chipmaker Broadcom’s $69bn acquisition of cloud software company VMware.

Mentioned in this podcast:

Joe Biden warns Israel to avoid 9/11 ‘mistakes’

Bets against shekel heap pressure on Israeli central bank

Beijing considers delaying approval of $69bn Broadcom-VMware deal

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Read a transcript of this episode on FT.com

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How will Egypt handle Gaza?

Wed, 18 Oct 2023 04:00:58 GMT

Alarm is mounting in Egypt that Gaza’s deepening humanitarian crisis will be thrust across its borders, Scotland’s first minister said the country would issue its own government bonds for the first time, and big US bank earnings have been better than expected.

Mentioned in this podcast:

Fear of Gaza exodus looms over Egypt

Scotland to issue bonds for the first time, says SNP’s Humza Yousaf

BofA profits beat forecasts

JPMorgan profits jump 35% on interest rate windfall

Citi profits edge higher despite worries over consumer finances

Goldman chief David Solomon calls time on high-profile DJ gigs

Access 50 per cent off of a digital subscription FT.com/briefingsale

Read a transcript of this episode on FT.com

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How Microsoft beat the odds

Tue, 17 Oct 2023 04:00:38 GMT

Poland’s rightwing party will likely be out of power after last weekend’s election, a US-led effort to allow humanitarian aid into the Gaza Strip and provide an exit from the bombarded territory for foreign nationals faltered, and the FT’s Richard Waters explains how Microsoft beat the odds and got a major acquisition approved by regulators.

Mentioned in this podcast:

Polish exit polls give ex-PM Donald Tusk potential route back to power

Bid to open Gaza crossing falters

How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle

Access 50 per cent off of a digital subscription FT.com/briefingsale

CLIP: The Guardian

Read a transcript of this episode on FT.com

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Israel prepares to invade Gaza

Mon, 16 Oct 2023 04:00:22 GMT

Israel is preparing to launch a major ground invasion of Gaza, the UK justice secretary is set to announce a controversial plan to address the chronic shortage of space in jails, and Exxon’s $60bn acquisition of a shale company could set off a wave of industry consolidation.

Mentioned in this podcast:

US sends second aircraft carrier as Israel prepares offensive in Gaza

Residents flee Gaza City as Israel tells 1.1mn to leave

British prisoners face jail time abroad under radical government plans

Behind ExxonMobil’s contrarian $60bn oil bet

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Read a transcript of this episode on FT.com

CORRECTION: An earlier version of today's show wrongly said Israel's Gaza operation in 2014 didn't involve the use of ground forces, whereas there was in fact a ground offensive.

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The man behind the Hamas attack

Fri, 13 Oct 2023 04:00:12 GMT

US inflation was higher than forecast in September, the EU has opened an investigation into X over the way disinformation is spreading on its platform after the attacks by Hamas against Israel, and FT’s Mehul Srivastava tells us about the Hamas military commander behind the deadly Israel incursion.

Mentioned in this podcast:

US inflation higher than expected in September

EU opens probe into X over Israel-Hamas war misinformation

Access 50 per cent off of a digital subscription FT.com/briefingsale

Who is ‘The Guest’: the Palestinian mastermind behind deadly Israel incursion

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, Sam Giovinco, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Hamas is not Israel’s only concern

Thu, 12 Oct 2023 04:00:27 GMT

Analysts forecast that four of the six big US banks will see Q3 profits fall year on year, Israel has been fighting on its northern border with Lebanon in addition to war with Hamas,and the star witness in the Sam Bankman-Fried trial testifies. Plus, shares in Birkenstock dropped more than 12 per cent on their first day of trading.

Mentioned in this podcast:

Rising interest rates curb lending growth for big US banks

Birkenstock shares slip on first day of trading

What links Hamas to the ‘Axis of Resistance’ and its patron Iran?

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Read a transcript of this episode on FT.com

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Israel’s hostage dilemma

Wed, 11 Oct 2023 04:00:41 GMT

Sir Keir Starmer made a pitch for the votes of disillusioned former Conservative supporters, abductions of dozens of civilians present Israel with risky options to get them back, and the EU has put its development funding to the Palestinian territories under review after Hamas’s attack on Israel.

Mentioned in this podcast:

Keir Starmer promises ‘national renewal’ in appeal to UK voters

Hamas kidnappings leave Israeli forces with painful hostage dilemma

EU to review development funding for Palestinian territories

Brussels blames commissioner for Palestinian aid freeze blunder

Access 50% off of a digital subscription FT.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Samantha Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Israel imposes ‘complete siege’ on Gaza

Tue, 10 Oct 2023 04:00:25 GMT

Israel imposed a “complete siege” of the Gaza Strip, the Bank of Israel said it planned to sell up to $30bn of dollar reserves to support the shekel, and EU regulators will order US biotech Illumina to sell cancer test developer Grail.

Mentioned in this podcast:

Israel imposes ‘complete siege’ on Gaza as Hamas threatens hostages

Israel’s central bank to sell $30bn of foreign reserves to support shekel

EU regulators to order Illumina to sell $8bn cancer treatment group

Access 50% off of a digital subscription

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Israel responds to historic Hamas attack

Mon, 09 Oct 2023 04:00:53 GMT

The death toll from Hamas’s unprecedented multi-front assault on Israel passed 600 on Sunday, and Germany’s conservative opposition won two decisive victories in regional elections on Sunday. Plus, the FT’s Sarah O’Connor explains how the green transition can actually translate to more jobs.

Mentioned in this podcast:

Audacious Hamas attack is a pivotal moment for Israel

German voters turn their backs on government parties in regional elections

Net zero was never going to be an easy win for workers

Access 50 per cent off of a digital subscription FT.com/briefingsale

CLIPS: The Guardian, Associated Press

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Can artificial intelligence grow safely?

Fri, 06 Oct 2023 04:00:56 GMT

Economists expect that jobs growth in the US slowed again in September, and the recent sell-off in bonds might be starting to cool. Plus, artificial intelligence is cool and all, but can companies use this new tech in a way that isn’t toxic?

Mentioned in this podcast:

Tech companies adopt “constitutions” to keep AI systems safe

Who feels the pain from the bond sell-off?

US jobs growth expected to have slowed again in September

Listen to the FT’s Unhedged podcast

Read a transcript of this episode on FT.com

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Bankman-Fried’s fraud trial begins

Thu, 05 Oct 2023 04:00:57 GMT

Lawyers for the crypto tycoon Sam Bankman-Fried laid out their defence on Wednesday, Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, and Fifa announced the location of the 2030 World Cup.

Mentioned in this podcast:

Spain, Portugal and Morocco to host 2030 football World Cup

Sam Bankman-Fried committed ‘fraud on a massive scale’, prosecutors allege

Rishi Sunak axes northern leg of HS2 in flurry of ‘radical’ decisions

Read a transcript of this episode on FT.com

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McCarthy ousted as US House Speaker

Wed, 04 Oct 2023 02:11:16 GMT

Kevin McCarthy has been ousted as Speaker of the House of Representatives, the yield on 30-year US Treasuries hit a 16-year peak on Tuesday, India has told Canada to withdraw dozens of diplomats from the country and the Financial Times’ Tom Hale discusses the murky future of China’s Evergrande property group.

Mentioned in this podcast:

Kevin McCarthy ousted as House Speaker by Republican rebels

‘Crimes’ probe into Evergrande founder adds to pressure over $300bn debt woes

India tells Canada to withdraw dozens of diplomatic staff

Bond sell-off intensifies as long-term US yields hit 16-year peak

Read a transcript of this episode on FT.com

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Rating the ESG raters

Tue, 03 Oct 2023 04:00:02 GMT

Kristalina Georgieva backs reforms to the IMF that could eventually give more power to China, regulators are calling for more transparency for ESG rating agencies, and record numbers at this year’s Oktoberfest are a bright spot for the German economy.

Mentioned in this podcast:

AN ESG DATA

Germans shrug off economic gloom at booming Oktoberfest

Brussels to unfreeze Hungary funds as it seeks help for Ukraine

IMF head backs reforms that could give China more voting power

CLIPS: The Independent

Read a transcript of this episode on FT.com

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McCarthy avoids US government shutdown

Mon, 02 Oct 2023 04:00:33 GMT

US lawmakers were able to avert a shutdown over the weekend, Slovakia’s election results are adding pressure to the EU’s unity around the war in Ukraine, and Brazil says its oil exploration and green ambitions aren’t contradictory.

Clips: CNN, AP

Mentioned in this podcast:

Brazil minister says oil and green ambitions are not contradictory

Cooling UK labour market claims jobs in construction and retail

US lawmakers pass short-term deal to avoid government shutdown

Robert Fico wins Slovakia election with anti-Ukraine stance

Read a transcript of this episode on FT.com

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Can AI help us speak to animals? Part two

Sat, 30 Sep 2023 04:00:53 GMT

A hardware revolution in recording devices and a software revolution in artificial intelligence has convinced some scientists that humans will eventually be able to ‘translate’ animal and even plant sounds into human language. But what would be the consequences of humans learning to ‘speak whale’, chat with bats or converse with elephants? The FT’s innovation editor John Thornhill and producer Persis Love explore the ethics of potential human-to-animal communication.

Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s head of audio.

Free links:

Google Translate for the zoo? How humans might talk to animals

Karen Bakker, scientist and author, 1971-2023

How generative AI really works

Credits: Elephant bee rumble from Lucy King; plant sounds from Lilach Hadany

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Tech IPOs lose their shimmer

Fri, 29 Sep 2023 04:00:16 GMT

European government bond prices dropped sharply as investors took fright at Italy’s larger than expected budget deficit, optimism for the IPO market seems to be fading, and the FT’s Colby Smith explains the economic impact of US student loan payments restarting.

Mentioned in this podcast:

European bond market hit by Italy’s plans for higher borrowing

Rising headwinds threaten US economy’s resilience

Instacart and Arm shares lose steam after IPO pops

Millions of US borrowers brace for the return of student debt payments

Read a transcript of this episode on FT.com

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What does China ‘de-risking’ actually mean?

Thu, 28 Sep 2023 04:00:48 GMT

Global dealmaking is languishing at a 10-year low, western companies are insulating their China operations, and Chinese battery groups are avoiding or delaying direct investments in the US and Europe because of geopolitics.

Mentioned in this podcast:

Dealmaking languishes at decade low on private equity drought

Chinese battery groups invest in Morocco to serve western markets

Western companies take slow steps towards China ‘de-risking’

Vote for FT podcasts in the Lovie Awards!

Read a transcript of this episode on FT.com

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The FTC is primed for Amazon

Wed, 27 Sep 2023 04:00:14 GMT

The US Federal Trade Commission has accused Amazon of wielding monopolistic control over online markets, JPMorgan Chase said it settled lawsuits related to its dealings with Jeffrey Epstein’s human trafficking operation, and the FT’s Lauren Fedor explains what’s at stake with a looming US government shutdown. Plus, sterling hit a six-month low against the dollar.

Mentioned in this podcast:

FTC lawsuit accuses Amazon of wielding monopoly power over online retail

JPMorgan settles Jeffrey Epstein lawsuits with US Virgin Islands and Jes Staley

Lawmakers warn that US is heading for shutdown as budget talks stall

Moody’s warns federal shutdown would be ‘negative’ for US debt rating

Sterling heads for worst month since Liz Truss’s ‘mini’-Budget

Unhedged podcast

Read a transcript of this episode on FT.com

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#MeToo’s mark on industry

Tue, 26 Sep 2023 04:00:16 GMT

The writers strike hitting Hollywood looks like it’s nearing a close and the FT’s Brooke Masters explores whether recent CEO departures could be a signal of a second #MeToo wave. Plus, a sexual abuse scandal has shaken up Japan’s entertainment industry.

Mentioned in this podcast:

Sex, lies and magical thinking about CEO behaviour

Japanese boy band abuse scandal rocks entertainment industry

Read a transcript of this episode on FT.com

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Poland’s complicated relationship with Ukraine

Mon, 25 Sep 2023 04:00:22 GMT

Russia has succeeded in avoiding G7 sanctions on most of its oil exports, Poland is calling for less support for Ukraine, China’s answer to the World Bank wants to commit more money to climate, and the restaurant group, Big Mamma, is going global thanks to private equity.

Mentioned in this podcast:

Russia dodges G7 price cap sanctions on most of its oil exports

A tug of war in Poland and Slovakia

‘China’s World Bank’ plans to triple climate change lending by 2030

Big Mamma restaurant group sells majority stake to private equity

CREDIT: DW News - Poland says it will no longer supply weapons to Ukraine

Read a transcript of this episode on FT.com

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Can AI help us speak to animals? Part one

Sat, 23 Sep 2023 04:00:20 GMT

A hardware revolution in recording devices and a software revolution in artificial intelligence is enabling researchers to listen in to all kinds of conversations outside the human hearing range, a field known as bioacoustics. Some scientists now believe these developments will also allow us to ‘translate’ animal sounds into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love ask whether we’re moving closer to being able to ‘speak whale’ or even to chat with bats.

Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s head of audio.

Free links:

Google Translate for the zoo? How humans might talk to animals

Karen Bakker, scientist and author, 1971-2023

How generative AI really works

Credits: Sperm whale sounds from Project CETI; honeyhunter calls from Claire Spottiswoode

Hosted on Acast. See acast.com/privacy for more information.

Rupert Murdoch steps down

Fri, 22 Sep 2023 04:00:35 GMT

Rupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote. Plus, India has stopped issuing visas to Canadians and told Ottawa to reduce its diplomatic presence in the country.

Mentioned in this podcast:

Rupert Murdoch steps down as chair of Fox and News Corp

Russia puts squeeze on oil market with diesel export ban

Bank of England holds interest rates at 5.25%

India stops issuing visas to Canadians as row escalates

Read a transcript of this episode on FT.com

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Fed signals fewer cuts in 2024

Thu, 21 Sep 2023 04:00:23 GMT

Federal Reserve officials on Wednesday signalled support for another rate rise this year and fewer cuts in 2024, share buybacks on the US stock market have dropped to the slowest pace since the early part of the Covid-19 pandemic, and the FT’s Gideon Rachman talks about his new three-part podcast series on Bidenomics.

Mentioned in this podcast:

Federal Reserve signals fresh rate rise this year and fewer cuts in 2024

Two-year Treasury yield hits highest point since 2006 after Fed decision

Companies ease off on share buybacks as rising interest rates push up costs

The Rachman Review podcast: Bidenomics

Read a transcript of this episode on FT.com

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Oil prices are not a barrel of fun

Wed, 20 Sep 2023 04:00:39 GMT

Shares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, oil prices climbed above $95 a barrel for the first time in 2023, and Canadian prime minister Justin Trudeau sparked fury in India when he said authorities were investigating whether “agents” of New Delhi were behind the June killing of a prominent Sikh activist in a Vancouver suburb.

Mentioned in this podcast:

Instacart shares close up 12% after public market debut

India angered by Justin Trudeau’s claims linking New Delhi to Sikh activist’s death

Oil price exceeds $95 a barrel on fears of supply shortfall

Tech Tonic podcast: Can AI help us talk to animals?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Lucy Snell, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Can Singapore remain Asia’s ‘safe haven’?

Tue, 19 Sep 2023 04:00:45 GMT

Instacart’s public listing this week is set to inch Nasdaq further ahead of the New York Stock Exchange in their closest fight for new listings in five years, and a build-up of leveraged bets has the potential to dislocate trading in the $25tn US Treasuries market. Plus, the FT’s Mercedes Ruehl explores whether an influx of Chinese migration and money to Singapore could threaten its status as a neutral safe haven.

Mentioned in this podcast:

Nasdaq and NYSE fight closest listings battle in five years

Instacart prices shares at $30 as IPO market warms up

Hedge fund bets could spark turmoil in US Treasuries, BIS warns

Can Singapore hold on to its reputation as Asia’s ‘safe haven’?

Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui

Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms

Read a transcript of this episode on FT.com

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A historic autoworkers strike

Mon, 18 Sep 2023 04:00:37 GMT

US auto workers are striking to protect workers against the move to electric vehicles, and UK prime minister Rishi Sunak won’t attend the climate ambition summit at the UN General Assembly this week. Plus, Instacart has raised the price range for its initial public offering following the success of Arm’s blockbuster debut.

Mentioned in this podcast:

Strike pits US auto union in existential struggle over shift to electric vehicles

Rishi Sunak decides against attending UN General Assembly

Instacart raises IPO price range after success of Arm listing

Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui

Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms

Credit: CLIP WXYZ-TV Detroit | Channel 7; UAW President Shawn Fain

Credit: CLIP CBS Detroit

Credit: CLIP UAW; Shawn Fain

Read a transcript of this episode on FT.com

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Digital cash and culture wars

Fri, 15 Sep 2023 04:00:40 GMT

Shares in chip designer Arm jumped by 25 per cent as it began trading on the Nasdaq exchange yesterday, and the European Central Bank has raised interest rates to an all-time high. Plus, the FT’s Siddharth Venkataramakrishnan explains how digital cash got caught up in the culture wars.

Mentioned in this podcast:

Arm shares jump by 25% on first day of trading

ECB raises interest rates to all-time high

How digital cash got caught up in the culture wars

Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui

Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms.

Read a transcript of this episode on FT.com

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CEO exit throws wrench into BP

Thu, 14 Sep 2023 04:00:02 GMT

Rising energy costs pushed US inflation above forecasts in August, Bernard Looney’s resignation from BP puts the oil company’s green energy transition into doubt, and China is walking back a corruption crackdown in the country’s healthcare sector.

Mentioned in this podcast:

US inflation rises in August as petrol prices jump

BP chief Bernard Looney resigns over past relationships with colleagues

Bernard Looney’s exit throws BP’s strategy into doubt

China’s corruption crackdown rips through healthcare sector

Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui

Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms

Read a transcript of this episode on FT.com

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IPO within Arm’s reach

Wed, 13 Sep 2023 04:00:26 GMT

BP’s chief executive Bernard Looney is resigning and SoftBank’s Arm is set to hit the public market on Thursday. Plus, we look at why Germany’s economy is stalling and how its economic woes are hurting its neighbours.

Mentioned in this podcast:

BP chief Bernard Looney resigns over past relationships with colleagues

Arm targets valuation of up to $52bn in IPO

Olaf Scholz vows to cut bureaucracy as German economic woes mount

Polish zloty’s fall highlights tricky balancing act of central banks

Tell us how the US student loan repayments restart affect you? https://sayhi.chat/lmhgui

Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms

Read a transcript of this episode on FT.com

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Coming soon: Can AI help us speak to animals?

Tue, 12 Sep 2023 05:00:20 GMT

Some scientists believe that rapid advances in artificial intelligence may also hold the key to decoding animal sounds, allowing us to ‘translate’ them into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love explore how the same technology that powers ChatGPT is being applied to research in animal communication. Could we one day learn to ‘speak whale’ or even chat with bats? And if so, can we trust ourselves to do so responsibly?

Subscribe now to the FT's Tech Tonic podcast

Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa and Cheryl Brumley is the FT’s head of audio.

Hosted on Acast. See acast.com/privacy for more information.

Why the euro is on a losing streak

Tue, 12 Sep 2023 04:00:31 GMT

Norway’s $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, a landmark antitrust trial between Google and the US government starts today, and the FT’s Mary McDougall explains why the euro is having such a tough time.

Mentioned in this podcast:

Norway’s $1.4tn oil fund becomes top UBS shareholder

Google prepares for biggest US antitrust showdown since Microsoft

Euro suffers eight-week losing streak as economy falters

Will the ECB deliver one more rate rise?

Read a transcript of this episode on FT.com

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India shines at G20 summit

Mon, 11 Sep 2023 04:00:01 GMT

PwC is planning to give up tens of millions of dollars of consulting work for its US audit clients, Australia’s biggest pension fund is going big on digital infrastructure, and Venezuelan government bonds are having a moment. Plus, the FT’s John Reed explains why this year’s G20 summit was a huge win for India.

Mentioned in this podcast:

G20 backs bigger role for reformed World Bank

PwC to curtail consulting work for US audit clients to reduce conflict risk

Western nations accept ‘climbdown’ on Ukraine to salvage G20’s relevance

Venezuelan bonds rally as investors bet on detente with Washington

Credit: Piers Morgan Uncensored

Read a transcript of this episode on FT.com

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Biden courts India at G20

Fri, 08 Sep 2023 04:00:32 GMT

India hosts the G20 summit this weekend, Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU, Apple shares are taking a beating, and Huawei has seen a resurgence despite sanctions from the United States.

Mentioned in this podcast:

Joe Biden pushes for bigger World Bank to combat China’s rising influence

Germany backs EV tariff delay in boost to Sunak

US to check on chips used in Huawei’s ‘Made in China’ smartphone

Apple stock hit by China worries ahead of iPhone 15 launch

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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EU pushes back on ‘too big to care’ tech companies

Thu, 07 Sep 2023 04:00:38 GMT

US and European corporate bond markets have started September with a bang, the EU released a list of digital services that will have to comply with the bloc’s new regulations, and the FT’s Alice Hancock explains how Europe’s drought is hitting the agriculture and energy industries.

Mentioned in this podcast:

US and European companies rush to issue debt before rate decisions

Big Tech faces fresh legal obligations as Brussels lists services bound by new rules

Retail investors power into uranium

Europe’s water crisis: how supplies turned to ‘gold dust’

Read a transcript of this episode on FT.com

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Ukraine doubles down on counteroffensive

Wed, 06 Sep 2023 04:00:48 GMT

The EU’s competition commissioner Margrethe Vestager is stepping aside, and the UK has clawed back less than 2 per cent of losses owing to fraud and error on business grants during the Covid-19 pandemic. Plus, Ukraine is doubling down on its counteroffensive.

Mentioned in this podcast:

Didier Reynders to take over as EU competition chief

UK government ‘slow to take action’ on Covid-19 grant losses, say MPs

Military briefing: Kyiv ignores calls for reset of its ‘sneak and peek’ tactics

Travis Kalanick’s excellent (and secret) venture

Read a transcript of this episode on FT.com

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Solving America’s shortage of accountants

Tue, 05 Sep 2023 04:00:16 GMT

Lloyds Banking Group joins HSBC and US group Citi in ordering employees back into the office, a shortage of accountants is causing problems in the US and Brazil’s former president, Jair Bolsonaro, is caught up in a scandal over expensive jewellery from his time in office. Plus, the FT’s Courtney Weaver on the FT’s latest podcast series, ‘The Russian Banker’, about a controversial Russian financier who fled to the US.

Mentioned in this podcast:

Shortage of young accountants leads BDO USA to double offshore workforce

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes

UK banks tighten up on work from home

The Russian Banker, Part 1: The raid

The FT News Briefing is produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Secret paper trail reveals hidden Adani investors

Mon, 04 Sep 2023 04:00:37 GMT

Global growth is set to slow next year after outperforming economists’ expectations so far in 2023, American mothers are re-entering the workforce at high rates, and the Hollywood strikes are starting to bite into California’s economy. Plus, the FT’s Dan McCrum unpacks his latest investigation into India’s Adani Group.

Mentioned in this podcast:

Economists grow gloomier on 2024 as central banks delay rate cuts

Adani shares slide and politicians demand action after reports on hidden investors

Secret paper trail reveals hidden Adani investors

Hollywood strikes take $5bn bite out of California economy

American mothers re-enter the workforce at high rates

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes

Read a transcript of this episode on FT.com

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The ECB is in a pickle

Fri, 01 Sep 2023 04:00:58 GMT

UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering.

Mentioned in this podcast:

UBS breaks record with $29bn profit after Credit Suisse deal

‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon

Eurozone core inflation edges down ahead of crunch ECB decision

Switzerland unveils money laundering clampdown

FT Weekend festival promo code: FTPodcast

Read a transcript of this episode on FT.com

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Another coup in Africa

Thu, 31 Aug 2023 23:29:12 GMT

Military officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan.

Mentioned in this podcast:

Fed warned Goldman Sachs over risks and compliance oversight at fintech unit

Military leaders seize power in oil-rich Gabon

US commerce secretary hails ‘new approach’ to handling China business frictions

Foxconn founder Terry Gou launches bid for Taiwan presidency

Correction: An earlier version of this episode said hat Terry Gou, the Taiwanese tycoon and Foxconn founder was running for president with an opposition party closely aligned with China. That was a mistake. Gou has urged opposition parties to join forces with him in the forthcoming election, but they haven’t agreed to do so. And Taiwan’s opposition parties are not closely aligned with China, although they do favour an easing of tensions with Beijing.

Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS

Read a transcript of this episode on FT.com

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Why Europe can’t quit Russian energy

Wed, 30 Aug 2023 04:00:18 GMT

The EU is set to import record volumes of liquefied natural gas from Russia this year, asset management firm Grayscale won a US court ruling to launch an exchange traded fund tracking bitcoin, and Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies.

Mentioned in this podcast:

EU imports record volumes of liquefied natural gas from Russia

Grayscale scores major court win against SEC on bitcoin ETF

Goldman Sachs bought UK and US companies using Chinese state funds

Job market slowdown fuels bets Fed will hold fire on rates this year

Read a transcript of this episode on FT.com

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An unlikely alliance in Brazil

Tue, 29 Aug 2023 04:00:11 GMT

Goldman Sachs plans to sell one of its personal financial management divisions, Brazil's president, Luiz Inácio Lula da Silva, is close to sealing an unlikely alliance, and the European defence industry is struggling to keep up with demand for ammunition for the Ukraine war. Plus, European Council president Charles Michel proposes a target date for adding new members to the EU.

Mentioned in this podcast:

Goldman Sachs sells financial planning unit as part of consumer retreat

El Niño’s storm clouds gather over global food prices

Lula nears pact with Brazilian rightwingers to boost passage of agenda

Boom in the woods: inside a munitions group’s fight to boost production

EU must be ready to accept new members by 2030, Michel to propose

Credit: European Council: President Michel @ Bled Strategic Forum 2023

Read a transcript of this episode on FT.com

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In search of a new economic playbook

Mon, 28 Aug 2023 04:00:02 GMT

Chinese corporate earnings reports are forecast to log poor performance and companies are set to downgrade outlooks, and policy makers walked away from Jackson Hole acknowledging they need to adjust to the changing global economy. Plus, the FT’s Jamie Smyth explains why Ireland is still in a good position for the life science industry boom despite a higher corporate tax.

Mentioned in this podcast:

Chinese companies’ earnings to lay bare impact of economic slowdown

‘No playbook’: policymakers face up to changing global economy at Jackson Hole

‘Talent is key’: Ireland brushes off tax rise and prepares for next life sciences boom

Corporate sponsors turn against Spain football chief over World Cup kiss

Credit: Reuters Protesters in Spain call Luis Rubiales to resign

Credit: Bloomberg Television ECB's Lagarde on Global Economic Environment, Inflation

Read a transcript of this episode on FT.com

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Putin breaks his silence on Prigozhin

Fri, 25 Aug 2023 04:00:55 GMT

Russia's leader Vladimir Putin on Thursday publicly said warlord Yevgeny Prigozhin was dead, the emerging markets group Brics has invited six more countries to join, and Turkey’s central bank has sharply boosted interest rates. Plus, biomedical companies are under more pressure to stop using horseshoe crabs for testing.

Mentioned in this podcast:

Putin says Prigozhin is dead in first Kremlin reaction to plane crash

Brics leaders invite 6 nations including Saudi Arabia to join bloc

Turkey raises interest rates as it steps up decisive shift in economic policy

Use of horseshoe crabs’ blue blood puts pharma groups under scrutiny

FT Weekend festival promo code: FTPodcast

Rachman Review: The end of Prigozhin

Read a transcript of this episode on FT.com

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Wagner group’s Prigozhin presumed dead

Thu, 24 Aug 2023 04:00:16 GMT

Wagner mercenary group leader Yevgeny Prigozhin has reportedly died after a plane crash north-west of Moscow, Nvidia’s revenue more than doubled in the latest quarter on soaring demand, and US regulators are imposing tougher disclosure rules on private funds. Plus, the FT’s Eli Meixler unpacks the latest developments in Thailand’s government.

Mentioned in this podcast:

Yevgeny Prigozhin in fatal plane crash, Russian officials say

Nvidia’s AI boom exceeds Wall Street’s lofty hopes

US regulators impose tougher disclosure rules on private funds

Thailand’s former PM Thaksin Shinawatra jailed after return from exile

Read a transcript of this episode on FT.com

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All eyes on Jackson Hole

Wed, 23 Aug 2023 04:00:08 GMT

Markets are looking for signals from Federal Reserve chair Jerome Powell during this week’s Jackson Hole symposium, global stock markets have lost about $3tn in value this month and there has been a mixed reaction to China’s approach to monetary policy.

Mentioned in this podcast:

Central bankers to make ‘higher-for-longer’ rate pitch at Jackson Hole

Global stocks head for worst month in nearly a year

China’s rate caution shines light on $56tn banking system

Credit: Fox News Brian Kilmeade: Welcome to the biggest week for our GOP presidential contenders

Credit: CBS News: Trump planning to skip GOP primary debates

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Can Arm’s listing reignite the IPO market?

Tue, 22 Aug 2023 04:00:09 GMT

Description:

The sell-off in US government debt continued to hit the world’s largest bond market on Monday, and Silicon Valley start-ups are wondering whether Arm’s listing will reignite the IPO market. Plus, the FT’s foreign editor, Alec Russell, explains why a new geopolitical order is emerging.

Mentioned in this podcast:

US Treasury yields hit 16-year high on fears over interest rate outlook

Silicon Valley start-ups revive listing plans as Arm reignites IPO market

The à la carte world: our new geopolitical order

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Drought causes headaches for Panama Canal

Mon, 21 Aug 2023 04:00:10 GMT

Some of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s slowing down traffic through the Panama Canal.

Mentioned in this podcast:

Private equity firms hand over assets to creditors as distress rates rise

Iran grapples with unintended consequences of ultra-cheap petrol

Severe drought in Panama hits global shipping industry

Read a transcript of this episode on FT.com

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Saudi Arabia and UAE race to buy computer chips

Fri, 18 Aug 2023 04:00:37 GMT

US mortgage rates have soared to a 21-year high, US retailer earnings reports send mixed messages on consumer spending, and Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software.

Mentioned in this podcast:

Walmart sales rise as inflation keeps consumers hunting for bargains

Target sales hit by Pride backlash and consumer caution

Saudi Arabia and UAE race to buy Nvidia chips to power AI ambitions

‘People were losing their mind’: Russia’s bootleg Barbie viewings

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Read a transcript of this episode on FT.com

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Introducing: The Russian Banker

Thu, 17 Aug 2023 21:00:54 GMT

Who is Sergei Leontiev? To the US asylum system, he’s an exiled Russian banker who was persecuted by the state and forced to flee. To Russia, he’s said to be responsible for massive fraud. On The Russian Banker, a new series from the Financial Times, reporters Courtney Weaver and Stefania Palma try to uncover the truth, and find a story that tells us about Russia today and how people in the west build stories about who’s good and who’s bad. The Russian Banker is a special series that will run on the Behind the Money podcast starting Aug. 30. Listen to The Russian Banker by subscribing to the Behind the Money podcast here.

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New pain for China’s property sector

Thu, 17 Aug 2023 04:00:33 GMT

Lower gas and electricity costs drove a sharp drop in headline UK inflation in July, Fitch Ratings has downgraded WeWork, and there’s increasing anxiety in China over the real estate sector’s stability.

Mentioned in this podcast:

UK inflation slows to 6.8% in July as energy prices fall

WeWork credit rating cut further into junk territory by Fitch

Retail investors complain to Chinese regulator about Zhongzhi

Country Garden crisis brings new pain to China’s property sector

Read a transcript of this episode on FT.com

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A year of the Inflation Reduction Act

Wed, 16 Aug 2023 04:00:26 GMT

US stocks hit a five-week low as a warning of potential Fitch downgrades sent bank shares lower, Beijing is making one of its biggest top-down efforts in years to tackle the debts racked up by local governments, and a year after passage of the US Inflation Reduction Act and Chips Act the vast majority of investment is going to red states.

Mentioned in this podcast:

US and European stocks hit five-week lows after strong retail sales data

China sends finance experts to tackle regions’ debts

Republican districts dominate US clean technology investment boom

Pink Floyd strike a chord as scientists recreate song from brain activity

Read a transcript of this episode on FT.com

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A looming ESG crackdown

Tue, 15 Aug 2023 04:00:15 GMT

A surprise election result in Argentina spooked markets, iPhone manufacturer Foxconn is trying to pivot to India, and it looks like there’s a US regulatory crackdown looming for the sustainable investing world.

Mentioned in this podcast:

Argentina’s markets roil after shock primary election results

iPhone maker Foxconn’s cautious pivot to India shows limits of ‘China plus one’

UBS pays $1.4bn to settle US mortgage bond mis-selling case

SEC lawyers subpoena fund managers over ESG disclosures

Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS

Read a transcript of this episode on FT.com

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The new commodity superpowers

Mon, 14 Aug 2023 04:00:40 GMT

The rouble has fallen to a 16-month low against the dollar, airlines have joined forces with farmers to lobby in Washington so that corn helps power their planes, and growing demand for minerals used in green technology is starting to shake up the geopolitics of the energy world.

Mentioned in this podcast:

Rouble hits 16-month low as military spending rises and exports fall

US airlines ally with farmers to seek subsidies for corn as jet fuel

The new commodity superpowers

Read a transcript of this episode on FT.com

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Peak social media: The future

Sat, 12 Aug 2023 04:00:56 GMT

In the final episode of this Tech Tonic season, FT correspondents weigh in on the trends that will determine the future of social media. From Meta’s Threads to artificial intelligence, we ask how platforms will look and feel in years to come. The FT’s deputy Lex editor, host Elaine Moore, speaks with social media reporter Cristina Criddle, global technology correspondent Tim Bradshaw and San Francisco-based tech reporter Hannah Murphy. Plus, we hear from Evan Henshaw-Plath, one of the creators of Twitter.

Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.

Further reading (free to read) on FT.com:

Cristina Criddle: TikTok reshapes ecommerce unit in bid to crack western markets

Cristina Criddle: TikTok prepares ‘Project S’ plan to break into online shopping

Tim Bradshaw: Meta’s Threads is a throwback to the giddy early days of Twitter

Hannah Murphy: Meta to release commercial AI model in effort to catch rivals

Hannah Murphy: Linda Yaccarino’s vision for Twitter 2.0 emerges

Read a transcript of this episode on FT.com

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US inflation is still on the right track

Fri, 11 Aug 2023 04:00:41 GMT

Iran has transferred five US citizens from prison to house arrest, US headline inflation in July rose slightly from June, and in Mexico the influence of the military has grown dramatically.

Mentioned in this podcast:

Iran transfers five imprisoned Americans to house arrest

US inflation edges up to 3.2% in July

The militarisation of Mexico’s economy

FT Weekend festival promo code: FTPodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s economy falls into deflation

Thu, 10 Aug 2023 04:00:18 GMT

Walt Disney reported quarterly results that showed declines at its television and movie businesses, China’s economy has fallen into deflation, and President Joe Biden is banning US tech investment in China. Plus, the FT’s Owen Walker explains why more and more countries in Europe are instituting windfall taxes on banks.

Mentioned in this podcast:

Disney shares jump after streaming losses narrow

Chinese economy falls into deflation as recovery stumbles

White House unveils ban on US investment in Chinese tech sectors

Italy joins wave of windfall taxes on banks across Europe

Google and Universal Music negotiate deal over AI ‘deepfakes’

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The weight-loss drug craze

Wed, 09 Aug 2023 04:00:09 GMT

The UK government is pushing back against an attempt by some members of the House of Lords to close loopholes in transparency legislation, US bank stocks fell after Moody’s cut the credit ratings of 10 midsized banks, and the FT’s Jamie Smyth explains the craze behind new weight-loss drugs.

Mentioned in this podcast:

UK government resists moves to tighten corporate transparency rules

Weak bank stocks weigh on US and European markets

Novo Nordisk’s obesity drug cuts risk of strokes and heart attacks

Orange juice futures hit record high after storms ravage Florida crop

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Why admitting Ukraine into the EU is tricky

Tue, 08 Aug 2023 04:00:44 GMT

Meta has axed a team that used artificial intelligence to create the first database of more than 600mn protein structures, and PayPal is launching a stablecoin. Plus, the FT’s Henry Foy explains why it’s so difficult for the EU to admit new members, Ukraine in particular.

Mentioned in this podcast:

Meta disbands protein-folding team in shift towards commercial AI

PayPal pushes deeper into crypto payments with stablecoin launch

The ‘monumental consequences’ of Ukraine joining the EU

FT Weekend podcast: David Byrne on Talking Heads and ‘Here Lies Love’

Read a transcript of this episode on FT.com

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Latin American central banks’ head start

Mon, 07 Aug 2023 04:00:31 GMT

Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, US banks are still relying on hundreds of billions of dollars in government financing, and Latin America’s central banks have started cutting interest rates.

Mentioned in this podcast:

Private equity firms offer sweeteners in struggle to lure reluctant investors

Britain’s investors shy away from UK defence companies

Regional lenders struggle to get off government life support

Latin America’s central banks declare victory in war on inflation

Read a transcript of this episode on FT.com

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Peak social media: Building better platforms

Sat, 05 Aug 2023 04:01:54 GMT

Can we get rid of the bad bits of social media and keep the good? Is it possible to create a more positive social media experience than the one we get from the platforms that dominate the landscape today? In this episode, Elaine Moore asks what the social media platforms of the future should look like, and whether platforms designed for smaller groups of users with shared interests are the way forward.

We hear from writer and tech historian Benj Edwards about the BBS era of the early 1990s; University of Massachusetts professor Ethan Zuckerman; Sarah Gilbert, researcher at Cornell University and Reddit moderator; and Jonathan Abrams, partner at 8-Bit Capital and the creator of Friendster.

Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy.

Mentioned in this podcast:

The Lex Newsletter: Reddit and the API apocalypse

Discord has won over gamers. Now it wants everybody else

Reddit stands firm in clash with users as blackout on forums escalates

Hosted on Acast. See acast.com/privacy for more information.

Bank of England continues interest rate rise campaign

Fri, 04 Aug 2023 04:00:33 GMT

Stronger than expected online sales helped Amazon beat Wall Street expectations for last quarter, and the Bank of England raised interest rates for the 14th time in a row. Plus, the FT’s Christopher Miller explains the strategy behind a series of drone attacks on Moscow.

Mentioned in this podcast:

Amazon’s cost-cutting and online sales lift earnings

Apple profits rise as services arm surpasses 1bn users

Bank of England raises interest rates by 0.25 percentage points

Treasury yields keep climbing after US increases borrowing plans

FT Weekend festival promo code: FTPodcast

Read a transcript of this episode on FT.com

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A hard landing for Europe?

Thu, 03 Aug 2023 04:00:01 GMT

Investors are increasing their bets that Europe will sink into a painful economic downturn, and luxury groups are bracing for the end of the post-pandemic recovery boom. Plus, the FT’s Tokyo bureau chief Kana Inagaki explains why Nissan’s focus on regaining ground in China might be a bit of an uphill battle.

Mentioned in this podcast:

Investors turn gloomy over Europe’s economic outlook

Luxury sector slows after ‘bonkers’ post-pandemic spending spree

Why Nissan’s woes in China are not just about electric vehicles

Read a transcript of this episode on FT.com

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Trump indicted over attempt to overturn 2020 election

Wed, 02 Aug 2023 04:00:10 GMT

US prosecutors have charged Donald Trump in connection with his attempts to overturn the results of the 2020 election, Uber reported its first operating profit, and Fitch Ratings has cut the US debt rating from triple A to double A plus. Plus, the US Federal Reserve has become a target for Republican presidential candidates.

Mentioned in this podcast:

Donald Trump indicted over attempt to overturn 2020 election

Uber makes first operating profit after racking up $31.5bn of losses

Fitch strips US of triple A rating after borrowing stand-off

Ron DeSantis vows to crack down on Federal Reserve’s ‘social engineering’

Uniper’s chief vows to deliver a ‘good return’ for Berlin after state rescue

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Booming markets neutralise impact of Fed's interest rate rises

Tue, 01 Aug 2023 04:00:10 GMT

Rising stock prices and falling bond yields in the US have essentially neutralised the impact of the Federal Reserve’s interest rate rises, western oil and gas majors are expected to face renewed scrutiny of their energy transition plans, and China’s metals and mining investments overseas are on track to hit a record this year. Plus, the private equity owners of German sandal maker Birkenstock are considering an initial public offering of the company.

Mentioned in this podcast:

US stocks notch longest monthly winning streak in two years

Booming markets neutralise impact of rate rises on US corporate fundraising

China’s overseas investment in metals and mining set to hit record

Oil majors to face energy transition scrutiny as war profit boost fades

Birkenstock owner eyes $8bn valuation in September IPO

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The economic impact of extreme heat

Mon, 31 Jul 2023 04:00:07 GMT

The Bank of Japan announced that it’s going to allow bonds to rise more freely, and China’s politburo has signalled several target measures meant to boost the country’s economy. Plus, the FT’s Attracta Mooney explains how more frequent heat waves will impact several different industries and the economy as a whole.

Mentioned in this podcast:

Investment flows poised for historic shift after ‘giant leap’ by Bank of Japan

What China’s economic measures mean in practice

How an era of extreme heat is reshaping economies

Unhedged podcast

Unhedged newsletter

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Peak social media: The power of influencers

Sat, 29 Jul 2023 04:00:33 GMT

Social media today is less about making friends and more about following popular content creators. While those creators are starting to hold some power over the platforms themselves, they’re also looking to become less reliant on the platforms that have enabled them to find fame and fortune online. What does it mean for the future of social media platforms? Our producer Josh Gabert-Doyon travels to the VidCon convention in Anaheim, California to speak to the people at the heart of the creator economy.

We hear from Kris Collins, a TikTok and YouTube star who goes by the name @KallmeKris and her agent Keith Bielory, as well as Megan Lightcap, a VC investor who specialises in the creator economy, and Lindsey Lugrin, founder of the creator start-up Fuck You Pay Me, which is pushing for pay transparency and higher remuneration in the sector.

Mentioned in this podcast:

Why social media is hardly social any more

YouTube Shorts takes on TikTok in battle for younger users

What de-influencing tells us about the state of the creator economy

Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy and Cristina Criddle.

We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort earbuds.

Read a transcript of this episode on FT.com

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Stricter rules for US banks

Fri, 28 Jul 2023 04:00:19 GMT

The European Central Bank has raised interest rates back to their record high, and US bank regulators have advanced plans to impose more arduous capital requirements on the country’s large lenders. Plus, the FT’s Elaine Moore says the Twitter/X rebrand doesn’t make sense, but that’s kind of the whole point.

Mentioned in this podcast:

ECB raises interest rates back to record high

Regulators announce ‘Basel III endgame’ rules for large US banks

Twitter/X: maverick rebrand leaves Musk with a cross to bear

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Tom Stokes, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US hits highest interest rates in 22 years

Thu, 27 Jul 2023 04:00:24 GMT

The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Facebook parent Meta returned to double-digit revenue growth for the first time since the end of 2021, and US federal prosecutors charged British billionaire Joe Lewis with 19 counts related to insider trading. Plus, China’s foreign minister Qin Gang vanished a month ago and was not replaced until this week.

Mentioned in this podcast:

Federal Reserve raises US interest rates to highest level in 22 years

Facebook parent Meta posts strong revenue growth amid restructuring

UK billionaire Joe Lewis surrenders to US authorities on insider trading charges

China insists diplomacy ‘orderly’ after foreign minister’s shock removal

Mattel hails ‘Barbie’ movie success as ‘showcase’ for more brand tie-ups

Read a transcript of this episode on FT.com

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A glimmer of hope for the global economy

Wed, 26 Jul 2023 04:00:57 GMT

Alphabet earnings beat expectations, a new report from the IMF says the future of the global economy is looking a little brighter than it did a few months ago, and the troubled regional bank PacWest has agreed to merge with Banc of California. Plus, the FT’s James Shotter explains the role Israeli businesses are playing in protesting the country’s judicial reforms.

Mentioned in this podcast:

Alphabet revenue beats forecasts on robust digital ad performance

IMF upgrades forecasts but warns global economy ‘not out of the woods’

US regional lenders PacWest and Banc of California agree merger

Israel’s protesters prepare next phase of battle for democracy

Leading Israeli businesses to strike in protest at judicial reforms

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Spain in political limbo

Tue, 25 Jul 2023 04:00:27 GMT

Credit Suisse has been fined $388mn by US and British regulators, and Spain is facing an uncertain political future as the right and left failed to secure a clear path to forming a government. Plus, Top US consultancies are struggling to attract business in China as Beijing’s national security raids scare away local clients.

Mentioned in this podcast:

Credit Suisse fined $388mn over Archegos collapse

Spain faces uncertain political future after election deadlock

Work dries up for US consultancies in China after national security raids

LVMH becomes late addition to running order of Paris Olympic sponsors

Read a transcript of this episode on FT.com

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A missed shot for women’s football

Mon, 24 Jul 2023 04:00:00 GMT

America’s risky corporate loan market has been hit by the biggest slew of downgrades since the depths of the Covid crisis in 2020, and European banks with large retail arms are expected to report big second-quarter profits. Plus, the FT’s sports editor Josh Noble explains why the commercial rollout of the Women’s World Cup has been so disappointing.

Mentioned in this podcast:

US junk loan market hit with flurry of credit rating downgrades

UK banks share more of the benefits of interest rate hikes

Commercial rollout of Women’s World Cup criticised as missed opportunity

Bombs, car chases and ‘free money’: Dutch gangs blow up German cash machines

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Tom Stokes, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Peak social media: The debate over young users’ mental health

Sat, 22 Jul 2023 04:00:22 GMT

There’s a growing feeling that social media is bad for us: bad for society and bad for our wellbeing. That trend has culminated in a new wave of legislation in the United States aiming to address social media’s impact on young people’s mental health. But in this episode, Elaine Moore, deputy editor of the FT’s Lex column, looks at some of the unanswered questions over whether social media really causes us harm, and what legislation will mean for the future of the social media business model. Are we in the throws of a technological panic?

In this episode, the third in a series on social media, Elaine speaks to Emma Lembke, co-founder of youth advocacy group Log Off; Katie Paul, director at the Tech Transparency Project; Amy Orben, head of the Digital Mental Health Group at the University of Cambridge; and FT tech reporter Hannah Murphy.

Since the publication of Katie Paul’s investigation into the trade of looted Middle Eastern antiquities on Facebook, Meta has changed its policy on the sale of historical artefacts.

Read a transcript of this episode on FT.com

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Treatments for Alzheimer’s, finally

Fri, 21 Jul 2023 04:00:42 GMT

The Nasdaq Composite had its biggest one-day drop in more than four months, the winner of Thailand’s general election has been suspended from parliament, and the FT’s Clive Cookson tells us about two huge breakthroughs in the treatment of Alzheimer’s.

Mentioned in this podcast:

Nasdaq drops more than 2% after Netflix and Tesla results disappoint

Thai election winner blocked from premiership

Eli Lilly drug shown to slow Alzheimer’s progression

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Saffeya Ahmed, Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Signs of a UK inflation cool-down

Thu, 20 Jul 2023 04:00:21 GMT

A crackdown on password sharing helped Netflix add nearly 6mn subscribers, UK inflation fell to a 15-month low of 7.9 per cent in June, Ukraine’s armed forces are having a hard time with Russian mines and Spain’s Sunday election could mean the end of Pedro Sánchez’s time as prime minister.

Mentioned in this podcast:

Netflix’s password-sharing crackdown pays off with nearly 6mn new subscribers

UK inflation falls more than expected to 7.9% in June

Could the UK inflation crisis be at a turning point?

Military briefing: the mines stalling Ukraine’s advance

‘Spain first’: Vox party on brink of sharing power

Rachman Review podcast: Spain's lurch to the right

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Russia targets western companies

Wed, 19 Jul 2023 04:00:34 GMT

Big investment banks are turning more bearish on the dollar, and Europeans struggle with a near-record heatwave. Plus, the FT’s Anastasia Stognei explains why Russia is starting to seize assets from food and beverage companies.

Mentioned in this podcast:

Kremlin oligarchs circle Danone and Carlsberg’s Russian assets

Wall Street banks ditch bullish dollar bets over ‘soft landing’ hopes

Scorching Europe struggles to adapt to near-record temperatures

Carlos Ghosn says he filed $1bn lawsuit so Nissan managers cannot ‘sleep quietly

Reuters: Carlos Ghosn speaks online at Japan press conference

Read a transcript of this episode on FT.com

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China’s economic slump

Tue, 18 Jul 2023 04:00:21 GMT

Thames Water’s biggest investor slashed the value of its stake last year, Ford’s steep price cut for its electric pick-up truck rattled shareholders and BlackRock will offer retail investors more of a voice in its biggest exchange traded fund. Plus, the FT’s Thomas Hale unpacks what’s ailing China’s economy.

Mentioned in this podcast:

Thames Water’s biggest investor cut value of its stake by 28%

Does Xi Jinping need a plan B for China’s economy?

Ford shares sink after steep price cuts for electric pick-up truck

BlackRock offers a vote to retail investors in its biggest ETF

BlackRock: investor votes are no revolution in shareholder democracy

Read a transcript of this episode on FT.com

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Can Tories prevent a massive defeat?

Mon, 17 Jul 2023 04:00:56 GMT

The EU wants other polluting nations to cut emissions faster. Three of the largest US banks reported a surge in profits last week from charging more for loans as more US banks report this week. Plus the FT’s political editor, George Parker, examines how the UK conservative party might squeeze out a win during the country’s next general election.

Mentioned in this podcast:

‘We are on for a massive defeat’: can the Tories prevent the inevitable?

Large US banks reap bumper profits on Federal Reserve rate rises

EU pushes other polluting nations to cut emissions faster

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Saffeya Ahmed (suff-YUH, EH-med) Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Peak social media: The ads machine

Sat, 15 Jul 2023 04:00:40 GMT

Mark Zuckerberg used advertising to turn Facebook into the first global social media giant, boasting 3bn users around the world. But today there are questions about the business model that has powered it for the past 15 years, and what Zuckerberg’s new focus on building the Metaverse means for the platform that started it all. Elaine Moore speaks to veteran Silicon Valley investor Roger McNamee, one-time advisor to Zuckerberg; writer and researcher Tim Hwang, author of Subprime Attention Crisis; and Steven Levy, editor at large at Wired and author of Facebook: The Inside Story. Meta declined a request for an interview for this episode, but directed us to their Q1 2023 earnings.

Clips: Meta, US Senate.

We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey that you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance of winning a pair of Bose QuietComfort earbuds.

Read a transcript of this episode on FT.com

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ChatGPT generates US investigation

Fri, 14 Jul 2023 04:00:57 GMT

The UK government has invited Saudi Crown Prince Mohammed bin Salman to London, and US regulators are going after the company behind ChatGPT. Plus, the FT’s Beijing bureau chief, Joe Leahy, explains how China’s youth are dealing with high levels of unemployment.

Mentioned in this podcast:

ChatGPT maker investigated by US regulators over AI risks

Prince Mohammed bin Salman invited to visit UK in autumn

Rachman Review: Will this year’s climate talks be a washout?

China’s youth left behind as jobs crisis mounts

Read a transcript of this episode on FT.com

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US inflation cools

Thu, 13 Jul 2023 04:00:32 GMT

US inflation fell sharply to 3 per cent in June, the $1.35tn US junk bond market has shrunk by almost $200bn since its all-time peak in late 2021, and tensions started to boil over during Nato’s two-day summit.

Mentioned in this podcast:

US inflation slows to 3% as interest rate rises bite

US junk bond market shrinks as rising rates put off borrowers

‘We’re not Amazon’: tensions with Ukraine surface at Nato summit

Read a transcript of this episode on FT.com

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A big win for Microsoft’s Activision deal

Wed, 12 Jul 2023 04:00:43 GMT

Jeremy Hunt has ordered ministers to find more than £2bn to fund public sector pay rises this year, JPMorgan is trying to scoop up Silicon Valley Bank’s clients, and a US court denies a watchdog’s request to block the Microsoft-Activision merger

Mentioned in this podcast:

Nvidia in talks to be an anchor investor in Arm IPO

JPMorgan hires dozens of start-up bankers to capitalise on SVB collapse

US judge denies FTC attempt to block Microsoft’s Activision deal

Behind the Money: Frances Haugen’s lessons as a Facebook whistleblower

JPMorgan expands startup banking team abroad with ex-SVB hires

Read a transcript of this episode on FT.com

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Nato torn over Ukraine’s membership bid

Tue, 11 Jul 2023 04:00:14 GMT

Hedge funds have cut their bets on a rising US stock market to the lowest level in at least a decade and pivoted to Europe, a top US banking regulator has announced tougher capital rules for a broader range of lenders, and Dutch PM Mark Rutte is quitting politics after the collapse of his coalition. Plus, the FT’s Henry Foy explains why Nato is torn over whether to admit Ukraine.

Mentioned in this podcast:

Hedge funds slash bets on US after rally and pivot to Europe

Top US bank watchdog outlines tougher rules for larger lenders

Nato’s dilemma: what to do about Ukraine’s bid to join?

Erdoğan links Sweden’s Nato bid with Turkey’s EU accession

Dutch PM Mark Rutte to quit politics after collapse of coalition

Correction: In the July 10 episode of the FT News Briefing we mistakenly described the UK Chancellor’s annual speech as the Madison speech. It is the Mansion House speech. We regret the error.

Read a transcript of this episode on FT.com

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Loan losses mount for US banks

Mon, 10 Jul 2023 13:19:44 GMT

Israel is set to start voting on controversial judicial reforms on Monday and the largest US banks are expected to report the biggest jump in loan losses since the onset of the pandemic. Plus, global manufacturers are shifting business out of China to Vietnam.

Mentioned in this podcast:

Benjamin Netanyahu faces fresh wave of resistance to Israeli judicial reform plans

Wall St to report biggest jump in loan losses since pandemic

Vietnam becomes vital link in supply chain as business pivots from China

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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The Congo river conservation debate

Fri, 07 Jul 2023 04:00:26 GMT

Investors sold stocks and bonds across the world on Thursday as US borrowing costs touched a 16-year high, US Treasury secretary Janet Yellen is in China, and Meta said more than 30mn people had signed up to its long-awaited competitor to Twitter. Plus, the FT’s Africa editor David Pilling explains why conservation in the Congo has become contentious.

Mentioned in this podcast:

US borrowing costs hit 16-year high as markets roiled by jobs data

Janet Yellen to visit China in new US push to ease tensions

Meta says 30mn people have signed up to Twitter competitor Threads

In search of the ‘village of the elephants’, deep in the central African rainforest

Read a transcript of this episode on FT.com

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Protecting elephants in the Congo River Basin

Thu, 06 Jul 2023 04:00:40 GMT

The US and Germany are among the western allies falling behind in delivering promised heavy weapons to Ukraine, and big asset managers are flocking to Latin American bonds and currencies. Plus, the FT’s Africa editor David Pilling introduces us to some conservationists working to protect elephants from poachers in the Congo River Basin.

Mentioned in this podcast:

Latin America’s bonds and currencies lure yield-hungry investors

In search of the ‘village of the elephants’, deep in the central African rainforest

Japan Airlines gives tourists chance to reduce baggage by renting clothes

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tracking the gorillas of the Congo Basin

Wed, 05 Jul 2023 04:00:28 GMT

Israel’s raid on the West Bank reignites fears of escalating violence, Switzerland is looking into potential Russian sanctions violations and we continue our series on the Congo Basin with David Pilling, the FT’s Africa editor. Plus, meme stock traders shop for Bed Bath & Beyond.

Mentioned in this podcast:

Switzerland questions oil trader over sidestep of Russian sanctions

In search of the ‘village of the elephants’, deep in the central African rainforest

Eight injured after car rams pedestrians in Tel Aviv, say police

Investors spend $200mn on ‘worthless’ Bed Bath & Beyond shares

Today’s FT News Briefing is produced by Manuela Saragosa, Fiona Symon and Josh Gabert-Doyon. Mixing by Simon Panayi. Additional help from Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A deep look inside the Congo River Basin

Tue, 04 Jul 2023 04:00:20 GMT

The UK’s financial watchdog has summoned bank chief executives to address concerns that savings rates are lagging behind the surging cost of mortgages, Internet brand, Yahoo, is planning a return to the public markets, and the FT has released an investigation into sexual allegations toward celebrated architect, David Adjaye. Plus, the FT’s Africa editor, David Pilling, takes us to one of the biggest rainforests in the world.

Mentioned in this podcast:

UK watchdog summons bank bosses to address ‘profiteering’ claim

Yahoo plots return to public markets

Sir David Adjaye: the celebrated architect accused of sexual misconduct

In search of the ‘village of the elephants’, deep in the central African rainforest

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

France’s George Floyd moment

Mon, 03 Jul 2023 04:00:40 GMT

Apple has been forced to make drastic cuts to production forecasts for the mixed-reality Vision Pro headset, French president cancels a trip to Germany as protests continue in Paris over the police killing of a teenager, and the Nasdaq Composite recorded its best first half of the year since 1983. Plus, the FT’s Taylor Nicole Rogers tells us what resuming student loan payments will mean for borrowers and the larger economy.

Mentioned in this podcast:

Apple forced to make major cuts to Vision Pro headset production plans

Police killing of teenager Nahel reopens old wounds for France’s minorities

France suffers fifth night of rioting sparked by killing of teenager

Nasdaq records best start to year in four decades

Millions of US borrowers brace for the return of student debt payments

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Brian Gutierrez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’ global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Peak social media: Trouble at Twitter

Sat, 01 Jul 2023 04:00:14 GMT

Elon Musk took over Twitter with the promise of promoting free speech and making the loss-making platform profitable again. But his critics say he’s destroying Twitter’s culture and driving it to bankruptcy. How much danger is the company really in? In the first episode in a new series of Tech Tonic, Elaine Moore, deputy editor of the FT’s Lex column, asks whether Musk will save Twitter or destroy it.

In this episode we hear from Evan Henshaw-Plath, one of the original creators of Twitter; Rumman Chowdhury, Twitter’s former head of machine learning, ethics, transparency, and accountability who was laid off by Elon Musk; and FT tech reporter Hannah Murphy.

Clips: TED Conferences, CBS, Joe Rogan Experience Podcast, MSNBC, CNN

Read a transcript of this episode on FT.com

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The Thames Water debt debacle

Fri, 30 Jun 2023 04:00:52 GMT

The US Supreme Court has curbed universities’ ability to consider race in admissions, turmoil at the top of Thames Water has left the UK government scrambling to prepare contingency plans, and China has passed a new foreign relations law that deepens President Xi Jinping’s control over the country’s external relations. Plus, the FT’s Raphael Minder explains how Belarus's President Alexander Lukashenko ended up brokering a deal to stop the attempted coup in Russia.

Mentioned in this podcast:

US Supreme Court curbs consideration of race in university admissions

Why Thames Water is under growing strain

China passes foreign relations law to strengthen Xi Jinping’s response to sanctions

Alexander Lukashenko: from Putin’s puppet to Prigozhin’s saviour

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Banks try to avoid ending up like SVB

Thu, 29 Jun 2023 04:00:32 GMT

Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund.

Mentioned in this podcast:

US banks step up sales of loan portfolios to private lenders

Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds

Wall Street shares waver as central bankers warn of more rate rises

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Japan goes all in on chips

Wed, 28 Jun 2023 04:00:57 GMT

Sierra Leone’s president, Julius Maada Bio, has won a second term in office, the US Supreme Court rejects a Republican election plan, and a New York court has ruled that FTX’s Sam Bankman-Fried cannot dismiss the criminal charges against him. Plus, a leading Japanese semiconductor equipment maker has accepted a $6.4bn buyout offer from a state-backed fund.

Mentioned in this podcast:

Bio secures second term as Sierra Leone leader

US Supreme Court affirms state courts’ authority over election rules

Sam Bankman-Fried fails to dismiss criminal charges related to FTX

Japan steps into chip supply chain with $6.4bn JSR deal

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wagner head downplays attack on Russia

Tue, 27 Jun 2023 04:00:26 GMT

The head of the Wagner militia has denied trying to overthrow the Russian government, and western banks may not be able to participate in the Shanghai IPO of Swiss chemicals group Syngenta. Plus, the Federal Reserve’s campaign to increase interest rates is doing damage to short-term bond yields.

Mentioned in this podcast:

Wagner chief hails march on Moscow as ‘masterclass’ but denies coup bid

Bets on bond renaissance frustrated by stubbornly high inflation

China’s biggest IPO in years poses $9bn question for western banks

Hollywood producer says champagne gifts for Netanyahu may have been ‘excessive’

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wagner’s 24-hour coup

Mon, 26 Jun 2023 04:00:01 GMT

Wagner troops withdrew from Russia late Saturday night after an abandoned coup attempt on Moscow, Greek prime minister Kyriako Mitsotakis won re-election in a blowout, and foreign investors viewed Turkey’s first interest rate rise in years as a ‘baby step’ towards ending the country’s economic crisis.

Mentioned in this podcast:

Kyriakos Mitsotakis set for return to power in Greek elections

Wagner troops withdraw as Russian uprising leaves Putin weakened

Investor scepticism remains after Turkey’s ‘baby step’ towards ending crisis

Read a transcript of this episode on FT.com

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The housing supply problem

Sun, 25 Jun 2023 04:00:20 GMT

Home prices in the US and UK skyrocketed during the coronavirus pandemic. In a special four-part series, we explored how they got so out of whack and what might work to bring back some balance.

Mentioned in this podcast:

Homesharing offers a cheaper alternative to rental accommodation

Turning offices into condos: New York after the pandemic

The Fed’s waiting game: is the US economy finally starting to crack?

How stubborn inflation has undermined the UK housing market

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The UK’s ‘mortgage bomb’

Fri, 23 Jun 2023 04:00:47 GMT

The Bank of England’s 50 basis point interest rate rise is causing concern for the UK’s already-high mortgages, and Germany has signed another long-term deal to import more US liquefied natural gas. Plus, the FT’s Aanu Adeoye explains what’s at stake in Sierra Leone’s election this weekend.

Mentioned in this podcast:

‘We’re suffering’: soaring costs create opening for Sierra Leone’s opposition

Bank of England raises interest rates by 0.5 percentage points

Mass UK house repossessions unlikely despite soaring mortgage rates

Germany locks in more US natural gas as it shuns Russian supply

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Modi tries to deepen US tech ties

Thu, 22 Jun 2023 04:00:00 GMT

India’s prime minister Narendra Modi is set to address the US Congress today, and US regulators are accusing Amazon of duping customers into signing up for its Prime service without their consent. Plus, Italy has stripped China’s Sinochem of its influence as the largest shareholder in the Italian tyremaker Pirelli.

Mentioned in this podcast:

India’s Narendra Modi embarks on US state visit to deepen defence and tech ties

Washington’s embrace of Modi carries a price

FTC alleges Amazon ‘tricked and trapped’ customers with Prime subscriptions

Italy strips China’s Sinochem of its influence as Pirelli’s largest investor

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The trials and tribulations of AI voice tech

Wed, 21 Jun 2023 04:00:22 GMT

Singapore’s sovereign wealth fund GIC has accelerated dealmaking in the US, and US president Joe Biden’s son has agreed to plead guilty to tax and firearm possession charges. Plus, the FT’s Madhumita Murgia visited an AI voice technology start-up to explain some of its applications and risks.

Mentioned in this podcast:

Singapore’s GIC accelerates US deals as China cools

Hunter Biden hit with federal tax and firearm charges

Can AI make me a musical star?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US and China meet in an attempt to ease tensions

Tue, 20 Jun 2023 04:00:15 GMT

US Secretary of State Anthony Blinken has met with China's President Xi Xinping in an attempt to ease US-Sino tensions. Plus, the aerospace industry says that flying taxis could soon be on the horizon in cities around the world.

Mentioned in this podcast:

Xi Jinping sees ‘progress’ in China-US ties at meeting with Antony Blinken

Which flying taxi will take off first?

Amazon, Hilton and Starbucks to hire thousands of refugees across Europe

The FT News Briefing was produced by Fiona Symon and Josh Gabert-Doyon. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music and Simon Panayi was the audio engineer.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

AstraZeneca could spin off China business

Mon, 19 Jun 2023 04:00:01 GMT

AstraZeneca has drawn up plans to break out its China business, and France is challenging a German-led plan to build up Europe’s air defences. Plus, US businesses are cutting back on their investments in diversity and inclusion.

Mentioned in this podcast:

AstraZeneca drafts plan to spin off China business amid tensions

France summons allies in challenge to German-led air defence plan

Cuts to investment in diversity threaten gains

Hunt tells ministers to quicken adoption of AI to boost economy

Read a transcript of this episode on FT.com

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Martin Wolf on saving democratic capitalism: epilogue

Sun, 18 Jun 2023 04:00:52 GMT

In this last episode of Martin Wolf’s series, the FT’s chief economics commentator sits down with the FT’s executive opinion editor, Jonathan Derbyshire, to give his concluding thoughts on the state of the world’s democracies. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, and his conversations in this series, they discuss what role citizens’ juries could play in rectifying some of what has gone wrong in the past couple of decades.

Want more?

Martin Wolf: in defence of democratic capitalism

Citizens’ juries can help fix democracy

For Martin’s FT columns click here

For the FT review of Martin’s book click here

Read a transcript of this episode on FT.com

This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf on saving democratic capitalism: Hillary Clinton

Sat, 17 Jun 2023 04:00:08 GMT

In this fourth episode of Martin Wolf’s series, the FT’s chief economics commentator discusses the rise of populist politics with someone who was hit by its hard edge: Hillary Clinton. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what the future holds for democracy, why female leaders face such extreme misogyny and threats of violence, whether President Biden can win re-election next year, and why Clinton is pinning her hopes on a younger generation of voters.

Want more?

Martin Wolf: in defence of democratic capitalism

Citizens’ juries can help fix democracy

For Martin’s FT columns click here

For the FT review of Martin’s book click here

This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa. The sound engineers are Samantha Giovinco and Breen Turner. The FT's global head of audio is Cheryl Brumley.

Clips: CNN, ABC, CBS, OAN, Fox, BBC, CBC

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Central banks all over the place

Fri, 16 Jun 2023 04:00:34 GMT

UK hedge fund firm Odey Asset Management is being dismantled in the wake of sexual misconduct allegations against its founder and Saudi Arabia has spent almost $8bn on gaming companies in the past 18 months as part of a turbocharged investment spree. Plus, FT markets editor Katie Martin talks about this week’s asynchronous central bank moves.

Mentioned in this podcast:

ECB increases interest rates to highest level since 2001

Chinese economic data fuels gloom over recovery

Saudi Arabia spends billions in drive to dominate global games industry

Odey Asset Management to be broken up

Unhedged podcast: https://link.chtbl.com/Unhedged

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Fed skips an interest rate increase

Thu, 15 Jun 2023 04:00:05 GMT

The US Federal Reserve paused its interest rate rise campaign on Wednesday after 10 straight increases, and former UK prime minister Boris Johnson has been found to have committed “multiple” contempts of parliament. Plus, Russian energy giant Gazprom has been backing militias in the Ukraine war.

Mentioned in this podcast:

Federal Reserve pauses rate rise campaign but signals more to come

Boris Johnson found to have committed ‘multiple’ contempts of parliament

‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

Beyonce blamed for stubbornly high Swedish inflation

Credit: Beyonce performs Break My Soul in Stockholm

Read a transcript of this episode on FT.com

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The housing supply problem: Part 4

Wed, 14 Jun 2023 04:00:37 GMT

EY’s global chief executive Carmine Di Sibio says he is planning to retire next year, and the FT’s Joshua Franklin explains the impact of JPMorgan settling a lawsuit over its 15-year relationship with Jeffrey Epstein. Plus, in the fourth and final part of our housing series, we look at what the government can do to bring down prices.

Mentioned in this podcast:

EY chief Carmine Di Sibio to retire after failure of split plan

JPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuit

The Fed’s waiting game: is the US economy finally starting to crack?

How stubborn inflation has undermined the UK housing market

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Crispin Odey investigation

Tue, 13 Jun 2023 04:00:46 GMT

France is drumming up support for a global levy on greenhouse gas emissions from the shipping industry, and former Italian prime minister Silvio Berlusconi has died. Plus, an explosive FT investigation exposed sexual misconduct allegations against prominent financier Crispin Odey.

Mentioned in this podcast:

France seeks to rally support for emissions levy on shipping

Silvio Berlusconi, Italian prime minister, 1936-2023

How Crispin Odey evaded sexual assault allegations for decades

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Scotland’s Sturgeon arrested

Mon, 12 Jun 2023 04:00:14 GMT

The former first minister of Scotland, Nicola Sturgeon, was arrested on Sunday, Boris Johnson’s exit from UK parliament will have consequences for the Conservative Party. Plus, former US president Donald Trump’s most recent indictment could have implications on his 2024 run for president.

Mentioned in this podcast:

Nicola Sturgeon arrested in probe into SNP finances

Johnson quits parliament in protest at MPs’ ‘kangaroo court’

Trump indictment’s sharp details seen as ‘daunting for the defence’

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf on saving democratic capitalism: resisting autocracy

Sat, 10 Jun 2023 04:00:32 GMT

In this third episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to the journalist and historian Anne Applebaum, who has written extensively about the history of communism and the development of civil society in central and eastern Europe. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what lies behind a global rise in autocracy and what can be done to counter it.

Want more?

Martin Wolf: in defence of democratic capitalism

For Martin’s FT columns click here

For the FT review of Martin’s book click here

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Rishi Sunak comes to Washington

Fri, 09 Jun 2023 04:00:56 GMT

Tesla and General Motors have struck a deal to let the Detroit carmaker’s customers plug in at 12,000 of the Texas company’s roadside chargers, and Turkey eased its long-running battle to defend the lira and the currency plunged. Plus, US President Joe Biden and UK Prime Minister Rishi Sunak on Thursday agreed on an “Atlantic declaration” to strengthen economic ties between the two countries.

Mentioned in this podcast:

Turkish lira slumps as new economic team starts ‘intentional devaluation’

Biden and Sunak unveil ‘Atlantic declaration’ to strengthen economic ties

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing Unhedged

Thu, 08 Jun 2023 16:00:29 GMT

We want to tell about a new podcast coming soon! On Unhedged, Ethan Wu, Katie Martin and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Unhedged launches June 13, you can follow the show here!

Hosted on Acast. See acast.com/privacy for more information.

The housing supply problem: Part 3

Thu, 08 Jun 2023 04:00:53 GMT

The US, Taiwan and Japan will share real-time data from naval reconnaissance drones, India’s deadliest train accident happened despite years of investment, and an architect-developer duo in Baltimore, Maryland, are converting an historic office building into residential housing. But how much can it ease the housing shortage?

Mentioned in this podcast:

US to link up with Taiwan and Japan drone fleets to share real-time data

India’s surging rail investment fails to avert disaster

Turning offices into condos: New York after the pandemic

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sequoia Capital to spin off its China business

Wed, 07 Jun 2023 04:00:40 GMT

The UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies from sensitive sites; and the venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing. Plus, the destruction of a dam on the front lines of the war in Ukraine has flooded entire towns and forced tens of thousands of people to evacuate.

Mentioned in this podcast:

UK to strip Chinese surveillance cameras from sensitive government sites

Sequoia to spin off its China business

Dam break gives Russia a new weapon in Ukraine War

Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

SEC sues world’s largest crypto exchange

Tue, 06 Jun 2023 04:00:02 GMT

US securities regulators yesterday sued the world’s largest crypto exchange and accused Binance of a host of violations, sliding German butter prices are spreading hope of lower food inflation, and global carmakers have been caught off guard by the speed of China’s shift to electric vehicles.

Mentioned in this podcast:

Crypto exchange Binance sued by SEC in latest blow from US regulators

Sliding German butter prices spread hope of lower food inflation

China’s car market has become a Darwinian battleground

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A daring high-wire act: Inside the Asda buyout

Mon, 05 Jun 2023 04:00:17 GMT

Saudi Arabia is cutting oil production, Turkey has a new finance minister and Apple is unveiling a mixed-reality headset today. Plus, the FT’s Kaye Wiggins explains how Asda has been able to take on enormous debt and whether its luck is about to change.

Mentioned in this podcast:

Virtual reality start-ups pin hopes on Apple to lure back funding

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

Asda chair defends £2.3bn deal for UK operations of sister group EG

Turkey’s new finance minister pledges to return to “rational” economic policy

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

FTNB Live! FT Weekend Fest in Washington DC

Sun, 04 Jun 2023 04:00:59 GMT

A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC. Our terrific colleagues played a friendly game of news trivia, and the FT’s Ethan Wu gave us a preview of his new podcast Unhedged, which comes out June 13.

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf on saving democratic capitalism: the ‘democratic recession’

Sat, 03 Jun 2023 04:00:08 GMT

In this second episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what’s behind a deepening global ‘democratic recession’.

Links

Martin Wolf: in defence of democratic capitalism

For Martin’s FT columns click here

For the FT review of Martin’s book click here

Clips: BBC, CNN, WION

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

What did the fight over the US debt ceiling cost?

Fri, 02 Jun 2023 04:00:43 GMT

Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s invasion of Ukraine. Plus, Ukraine’s attacks such as the Moscow drone strikes are seen as ‘magician’s sleight of hand’ that deceives the Kremlin and derails Russia’s plans.

Mentioned in this podcast:

Binance loses market share after regulatory clampdown

Chuck Schumer races to push US debt ceiling bill through Senate by end of week

Eurozone inflation falls to lowest level since Russia invaded Ukraine

Military briefing: Ukraine’s daring ‘shaping operations’ stretch Russian defences

Rachman Review podcast: Is the Ukraine War reaching a turning point?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The housing supply problem: Part 2

Thu, 01 Jun 2023 04:00:43 GMT

The US House of Representatives voted to raise the debt ceiling last night. Plus, in part two of our housing series, the FT’s Persis Love explores a niche solution to skyrocketing rents in the UK, called homesharing.

Mentioned in this podcast:

US closer to avoiding historic default as House advances debt ceiling bill

Homesharing offers a cheaper alternative to rental accommodation

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wall Street gives crypto a chance

Wed, 31 May 2023 04:00:26 GMT

China has called for “stable and constructive” ties with the US in a meeting with Elon Musk and some Wall Street companies are building their own digital markets trading platforms to compete with crypto companies. Plus, the FT’s Nicholas Megaw explains why investment funds have become a bigger insider trading risk for US lawmakers than buying shares in a single company.

Mentioned in this podcast:

Wall Street ready to take on established crypto companies

US Congress: how investment funds became the new insider trading risk

China calls for ‘stable’ ties with US in meeting with Elon Musk

Nvidia hits $1tn market cap as chipmaker rides AI wave

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ageing populations hit government credit ratings

Tue, 30 May 2023 04:00:49 GMT

Democrats and Republicans are confident they can pass a deal to avert a US debt default, the lira slides after Turkish president Recep Tayyip Erdoğan is re-elected, and ageing populations are causing government credit ratings to take a hit.

Mentioned in this podcast:

Debt ceiling fight shifts to Congress as lawmakers prepare for first votes

Turkey’s lira weakens as economists warn of economic challenge

Ageing populations ‘already hitting’ governments’ credit ratings

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf on saving democratic capitalism

Mon, 29 May 2023 04:00:24 GMT

In the first of this four-part series, the renowned FT columnist and economist Martin Wolf tells the FT’s executive opinion editor Jonathan Derbyshire why he fears the marriage of liberal economics and democracy may be facing its toughest test in decades. Drawing on arguments in his latest book, The Crisis of Democratic Capitalism, Martin explains how his own life story and career have shaped his views.

Want more?

Martin Wolf: in defence of democratic capitalism

For Martin’s FT columns click here

For the FT review of Martin’s book click here

This episode is presented by Jonathan Derbyshire. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.

Clips: BBC, CNN, Fox News

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Nvidia closes in on the trillion dollar club

Fri, 26 May 2023 04:00:20 GMT

More large US companies are taking shelter in bankruptcy court, Nvidia is on course to become the first chipmaker to be valued at more than $1tn, and Turkish voters go back to the polls to pick their next president.

Mentioned in this podcast:

US credit squeeze triggers rise in corporate bankruptcies

Nvidia races towards $1tn club as AI frenzy drives chip stocks higher

The latest on Turkish elections

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The housing supply problem: Part I

Thu, 25 May 2023 04:00:09 GMT

UK gilt yields hit levels not seen since last year’s “mini” Budget crisis, and Australia’s government has referred a PwC tax leak scandal to the country’s federal police. Plus, in part one of our series on housing, the FT’s Sonja Hutson looks at why there are so few homes on the US market.

Mentioned in this podcast:

Gilt yields soar towards ‘mini’ Budget levels after inflation disappoints

Australian government refers PwC tax leaks scandal to police

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A new gold rush

Wed, 24 May 2023 04:00:15 GMT

A double-digit drop in German exports to China has rattled Europe’s biggest economy and the UK is set to lose a high-profile solar power investment. Plus, the FT’s Harry Dempsey explains why investors and central banks are piling into the gold market.

Mentioned in this podcast:

Big drop in German exports to China raises fears over EU’s industrial powerhouse

UK set to lose solar investment after developer criticises lack of incentives

Why investors are going gaga for gold

The new gold boom: how long can it last?

Apple expands US chip sourcing with multibillion-dollar Broadcom deal

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Adani tries to win back investors

Tue, 23 May 2023 04:00:34 GMT

China’s semiconductor industry fears Japanese curbs on exports of crucial chipmaking equipment are stricter than US limits, Meta has been hit with a €1.2bn fine by the EU for privacy violations, and the Adani Group is trying to woo investors after a series of allegations from short-seller Hindenburg.

Mentioned in this podcast:

China fears Japan’s chipmaking curbs go further than US restrictions

Facebook owner Meta hit with record €1.2bn fine over EU-US data transfers

Adani seeks to woo bankers with three-day tour after short seller’s attack

Indian market regulator has ‘hit a wall’ in Adani probe

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China bans Micron’s products from key infrastructure

Mon, 22 May 2023 04:00:32 GMT

Florida governor Ron DeSantis is expected to launch his campaign for US president this week, China has banned operators of key infrastructure from buying chips from US chipmaker Micron Technology, and Morgan Stanley is searching for a new CEO after James Gorman announced that he’s stepping down. Plus, the FT’s Sylvia Pfeifer explains how the war in Ukraine has put a spotlight on tech-led defence companies.

Mentioned in this podcast:

Ron DeSantis struggles for lift-off as campaign launch nears

China bans Micron’s products from key infrastructure over security risk

Morgan Stanley chief James Gorman to step down within a year

Ukraine war puts spotlight on tech-led defence companies

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

TikTok spied on our reporter

Fri, 19 May 2023 04:00:23 GMT

The US Supreme Court rules to protect big tech companies from being liable for users’ posts, and G7 countries are preparing new sanctions against Russia. Plus FT technology reporter Cristina Criddle learned that TikTok spied on her. She talks about her experience.

Mentioned in this podcast:

Supreme Court sides with tech giants over legal shield for content

TikTok spied on me. Why?

G7 host Japan seeks unity on threat from China

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Will the digital euro come online?

Thu, 18 May 2023 04:00:11 GMT

Ukraine’s allies worry that support from the US will lose steam during next year’s election cycle, and Japan’s stocks are reaching new highs. Plus, the European Central Bank is big on a digital currency. Europeans? Not so much.

Mentioned in this podcast:

Ukraine’s allies fear military support will fade in US election year

Japan stock index hits 33-year high as investors warm to Tokyo story

The digital euro: a solution seeking a problem?

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US sues to block drug merger

Wed, 17 May 2023 04:00:11 GMT

The Federal Trade Commission sued to block the biotechnology company Amgen’s $28.3bn deal to acquire Horizon Therapeutics, Italy is struggling to spend €200bn in EU Covid recovery funds, and Ukraine said it repelled an unprecedented barrage of Russian missiles over Kyiv.

Mentioned in this podcast:

FTC warns of ‘rampant’ pharma consolidation as it targets $28bn Amgen deal

Italy overhauls plans for €200bn in EU Covid recovery funds

Ukraine says it repelled ‘exceptional’ barrage of Russian missiles

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ford to scale back China investments

Tue, 16 May 2023 04:00:35 GMT

Ford plans to reduce its future investment in China, and prominent investors are upset with the record number of share buybacks. Plus, the FT’s Eleni Varvitsioti explains that Greece’s economic recovery has come at a cost to some of its citizens.

Mentioned in this podcast:

Ford to scale back China investments amid EV competition from local rivals

Greece’s ‘greatest turnround’: from junk to investment grade

Record buyback spree attracts shareholder complaints

Krispy Kreme boss shrugs off UK’s tightening anti-obesity rules

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Turkey’s tight election

Mon, 15 May 2023 04:00:47 GMT

Turkish leader Recep Tayyip Erdoğan and rival Kemal Kılıçdaroğlu are locked in a tight battle for the presidency as the election count suggested rising odds of an unprecedented second round, Argentina today will announce a new round of emergency government measures, Twitter's new CEO could mend relations with advertisers who have paused spending on the social media site, and big infrastructure projects have led to soaring demand for the world’s most used natural material, sand.

Mentioned in this podcast:

Turkey’s opposition disputes early election lead for Erdoğan

Linda Yaccarino: an advertising veteran enters the wild world of Musk’s Twitter

Argentina plans emergency economic measures to avoid big devaluation

Sand shortages push up cost of jam jars and fracking

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Markets shrug off potential US debt default

Fri, 12 May 2023 04:00:17 GMT

Elon Musk says he’s hired a new CEO for Twitter, and Turkey heads to the polls this weekend for what analysts say is the biggest presidential election there in decades. Plus, the FT’s Katie Martin and Jennifer Hughes explain what the US debt ceiling fight is doing to Treasury markets.

Mentioned in this podcast:

Elon Musk says he has found a new Twitter CEO

EU plans Black Sea internet cable to reduce reliance on Russia

Turkish presidential candidate İnce quits race days before vote

Turkey: Erdoğan faces his greatest electoral challenge yet

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China makes a show of corporate raiding

Thu, 11 May 2023 04:00:44 GMT

Disney sharply reduced its losses from video streaming in the second quarter, US inflation dipped to its lowest level since April 2021, and the FT’s Joe Leahy explains China’s crackdown on foreign business due diligence firms, including Capvision, Bain and Mintz.

Mentioned in this podcast:

Disney shaves streaming losses as subscription fees rise

US inflation eases to 4.9% in April as Fed tightening takes effect

China raids multiple offices of international consultancy Capvision

Spotify ejects thousands of AI-made songs in purge of fake streams

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jack Dorsey’s Bluesky takes on Twitter

Wed, 10 May 2023 04:00:41 GMT

Donald Trump has been found liable for the sexual abuse of a journalist in a Manhattan department store in the 1990s, Ireland plans to set up a sovereign wealth fund with its bumper budget surpluses, and China’s foreign minister has condemned EU proposals to impose sanctions on Chinese companies for supporting Russia’s war machine. Plus, the FT’s Hannah Murphy talks about one of the latest challengers to Twitter, Jack Dorsey’s Bluesky.

Mentioned in this podcast:

Donald Trump found liable in civil lawsuit over writer’s sexual abuse

Ireland to propose creation of sovereign wealth fund

China vows to retaliate against EU sanctions on its companies

Jack Dorsey’s Bluesky emerges as latest challenger to Elon Musk’s Twitter

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Is commercial property the ‘next shoe to drop’?

Tue, 09 May 2023 04:00:24 GMT

The Bank of England is set to raise interest rates to their highest level since 2008 this week, and investors are worried about the impact of rising rates on US commercial real estate. Plus, the FT’s James Kynge explains the decline in Chinese investment into Europe.

Mentioned in this podcast:

Bank of England set to raise rates to highest level since 2008

US lenders warned that commercial property is ‘next shoe to drop’

Chinese investment in Europe falls as watchdogs increase scrutiny

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US debt ceiling deadline looms

Mon, 08 May 2023 04:00:41 GMT

The G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, and education companies are struggling after a warning over ChatGPT. Plus, the FT’s deputy Washington bureau chief Lauren Fedor explains what’s at stake if the US doesn’t raise its debt ceiling.

Mentioned in this podcast:

Russia’s energy sector hit as Kremlin forced to increase tax

Debt ceiling diehard in rural Virginia vows to ‘call Democrats’ bluff’

Yellen warns of ‘constitutional crisis’ over US debt ceiling impasse

Education companies’ shares fall sharply after warning over ChatGPT

Credit: The debt ceiling must be raised to avoid 'economic calamity’: Janet Yellen

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Another rough day for US regional banks

Fri, 05 May 2023 04:00:07 GMT

Apple said on Thursday that revenues shrank for a second straight quarter, the European Central Bank raised interest rates by a quarter of a percentage point, and US regional banks suffered severe stock declines.

Mentioned in this podcast:

ECB raises rates as Lagarde warns of ‘more ground to cover’

Western Alliance shares recover after it denies report of potential sale

What’s changed for regional banks this week?

Apple reports weaker revenue for a second straight quarter

Ed Sheeran wins ‘Let’s Get It On’ copyright infringement trial

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Fed hints it might pause rate hikes

Thu, 04 May 2023 04:00:16 GMT

The US Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Russia accused Ukraine of attempting to assassinate President Vladimir Putin in a late-night drone attack on the Kremlin, and local elections in the UK are a major test for the largest two parties as they prepare for a general election next year.

Mentioned in this podcast:

Fed implements quarter-point rate rise and signals potential pause

Russia accuses Ukraine of attempting to assassinate Vladimir Putin

Sunak and Starmer go head to head in battle for local council seats

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US regional bank stocks still under pressure

Wed, 03 May 2023 04:00:20 GMT

The rescue of First Republic this week has failed to stop a sell-off in regional bank shares, Apple experienced a big boost in demand in India driven by a surge in refurbished iPhone sales, and European banks are hoping to scoop up some of Credit Suisse’s business now that the lender has been bought by UBS.

Mentioned in this podcast:

First Republic rescue fails to arrest slide in US regional bank shares

Refurbished iPhones boost Apple’s share of Indian market

Deutsche Bank plans to beef up investment bank advisory team

Icahn group’s shares tumble after attack by short seller Hindenburg

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jamie Dimon’s big win

Tue, 02 May 2023 04:00:46 GMT

Chinese initial public offerings have raised more than five times as much money as those in the US this year, and Germany’s lawmakers are set to pass immigration reforms to address a worsening skills shortage. Plus, the FT’s Brooke Masters unpacks the deal for First Republic and what’s in it for JPMorgan.

Mentioned in this podcast:

China dominates global IPO market as Wall Street fails to rebound

JPMorgan to acquire First Republic’s deposits as US regulators step in

Germany looks to immigration reform to arrest worsening skills shortage

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

First Republic in limbo

Mon, 01 May 2023 04:00:00 GMT

At least three large banks have submitted bids to buy all or parts of First Republic, the US is urging South Korea not to fill China’s semiconductor shortfalls if Beijing bans Micron chips, and Iran’s statistics authorities have kept inflation data under wraps for the last two months. Plus, mining companies are willing to go to the bottom of the ocean for rare and precious resources.

Mentioned in this podcast:

JPMorgan, Citizens and PNC submit bids for First Republic

US urges South Korea not to fill China shortfalls if Beijing bans Micron chips

Iran keeps inflation data under wraps

‘Playing with fire’: the countdown to mining the deep seas for critical minerals

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Big Tech props up US stocks

Fri, 28 Apr 2023 04:00:31 GMT

Russia’s stock market has climbed to its highest level in more than a year, European commercial real estate deals hit an 11-year-low last quarter, and Big Tech continues to prop up the US stock market.

Mentioned in this podcast:

Russian stock market hits year high as trapped investors have nowhere else to go

Traditional investors are learning it’s tricky to be picky

European commercial real estate dealmaking falls to 11-year low

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The Magic Kingdom goes to war

Thu, 27 Apr 2023 04:00:05 GMT

Walt Disney sued Florida governor Ron DeSantis over the state’s ‘retaliation’ for the company’s stance on ‘Don’t Say Gay’ law, UK regulators have blocked Microsoft’s $75bn acquisition of Activision Blizzard, and the FT’s Harriet Agnew explains why conservative UK pension funds are leading start-ups to look for capital in different countries.

Mentioned in this podcast:

US growth set to have cooled in first quarter as Fed pushed rates higher

Walt Disney sues Ron DeSantis over ‘retaliation’ for ‘Don’t Say Gay’ stance

Activision blasts UK as ‘closed for business’ after regulator blocks $75bn Microsoft deal

Britain’s ‘capitalism without capital’: the pension funds that shun risk

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sudanese refugees pour into Chad

Wed, 26 Apr 2023 04:00:38 GMT

Google’s advertising revenue in the first quarter of 2023 nearly matched numbers from a year ago, tens of thousands of Sudanese refugees have crossed into neighbouring Chad, and First Republic Bank saw its shares plummet nearly 50 per cent yesterday. Plus, General Motors is diversifying its EV battery production.

Mentioned in this podcast:

Google advertising bounces back with return to revenue growth

Sudan crisis threatens to bring fresh turmoil to neighbouring Chad

Sharp sell-off in First Republic shares causes alarm in Washington

GM teams with Samsung on $3bn EV battery plant in the US

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UBS’s Credit Suisse challenge

Tue, 25 Apr 2023 04:00:43 GMT

US President Joe Biden is expected to announce on Tuesday that he’s running for re-election, UBS could lose customers as a result of its takeover of Credit Suisse, and the French luxury group LVMH became the first European company to hit a $500bn market value.

Mentioned in this podcast:

Biden prepares to take his case for a second term to American voters

Hunt admits UK business taxes are too high as government pressed on strategy

Credit Suisse suffered $69bn in outflows during first-quarter crisis

LVMH becomes first European company to hit $500bn market value

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

America's dollar stores get a makeover

Mon, 24 Apr 2023 04:00:19 GMT

Santander is trying to poach some of Credit Suisse’s most senior investment bankers, UK prime minister Rishi Sunak looks to establish calm after deputy prime minister Domic Raab resigned last week, American dollar stores have to adjust for the age of inflation and UK therapist are pushing back on US mental health platform.

Mentioned in this podcast:

Santander moves to hire some of Credit Suisse’s top dealmakers

Dominic Raab resigns as UK deputy prime minister over bullying claims

America’s dollar stores get a makeover for the age of inflation

Therapists sound alarm on BetterHelp’s rapid UK expansion

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Introducing Behind the Money: Night School

Sat, 22 Apr 2023 04:00:00 GMT

There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School.

Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.

Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.

Hosted on Acast. See acast.com/privacy for more information.

Credit Suisse bondholders sue

Fri, 21 Apr 2023 04:00:05 GMT

Regional banks across the US have largely stopped the massive outflow of deposits after the collapse of Silicon Valley Bank, investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, and the FT’s Brooke Masters argues the US court battle over regulator approval of an abortion pill could have a chilling effect on the country’s pharmaceutical industry.

Mentioned in this podcast:

Stability after SVB’s collapse comes at a price for US regional banks

Credit Suisse investors sue Swiss regulator over bond wipeout

The abortion pill case is a disaster for innovation everywhere

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ukraine pleads for air defence missiles

Thu, 20 Apr 2023 04:00:46 GMT

Natural gas consumption in the EU fell almost 18 per cent in the past eight months, Ukraine will plead for urgent shipments of surface-to-air missiles at a meeting of its western allies on Friday, and Germany looks ready to legalise recreational cannabis use.

Mentioned in this podcast:

EU gas usage falls 18% after price shock caused by Russian supply cuts

Military briefing: Ukraine pleads for missiles as air defence stocks run low

Germany set to legalise personal use of cannabis

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The TikTok divide

Wed, 19 Apr 2023 04:00:30 GMT

Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case, Bank of America emerged from banking turmoil with higher first-quarter profits, China’s latest GDP numbers show the economy is rebounding from one of its worst years in decades, and lawmakers and activists from across the political spectrum have come out against efforts in western countries to ban or curb TikTok

Mentioned in this podcast:

Bank of America plans 4,000 job cuts despite strong results

Five takeaways from China’s first-quarter GDP data

Dissenting politicians join young activists to oppose TikTok bans

FT Live Event: The UK’s 2024 Election

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A power struggle in Sudan

Tue, 18 Apr 2023 04:00:54 GMT

Apple and Goldman Sachs launched a new savings account with an interest rate more than 10 times the national average, a Chinese genetics company said it would press ahead with US expansion as it tries to distance itself from its former parent company, and the FT’s David Pilling explains what’s at stake in the conflict in Sudan.

Mentioned in this podcast:

Apple and Goldman offer US savings account with 4.15% annual interest

Chinese genetics company targets US despite political tensions

Sudan conflict pitches military leaders into struggle for control

Sega Sammy launches €706mn offer for Angry Birds maker Rovio

Read a transcript of this episode on FT.com

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Turkey’s voters lose faith in Erdogan

Mon, 17 Apr 2023 04:00:59 GMT

Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year, one of Charles Schwab’s largest investors sold its entire $1.4bn stake in the brokerage giant during last month’s banking turmoil, Turkish voters head to the polls next month and are losing faith in President Recep Tayyip Erdoğan, and Poland and Hungary halt Ukraine grain imports to placate angry farmers amid a grain glut

Mentioned in this podcast:

Companies have committed more than $200bn to US manufacturing projects

Top Charles Schwab investor sold entire stake amid banking turmoil

‘They’ve screwed the economy’: Turkey’s heartland voters tire of Erdoğan

Poland and Hungary defy Brussels to halt Ukraine grain imports

Read a transcript of this episode on FT.com

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The quantum revolution: The way the world is

Sat, 15 Apr 2023 04:00:19 GMT

In the final episode of this Tech Tonic series, we hear how radical quantum ideas are reshaping our fundamental understanding of the universe. Nobel Prize winner Anton Zeilinger tells the FT’s Madhumita Murgia about the future of teleportation and the quantum internet; quantum computing pioneer David Deutsch makes the case for the theory that we live in a multiverse; and FT innovation editor John Thornhill speaks to physicist Carlo Rovelli about relational quantum mechanics.

Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.

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Read a transcript of this episode on FT.com

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Open AI’s ‘red team’

Fri, 14 Apr 2023 11:11:43 GMT

BP has started pumping crude through a new $9bn offshore platform as it slows its transition out of fossil fuels, global equities have recovered from the banking crisis but risks remain, and experts are sounding the alarm over the latest version of Open AI’s artificial intelligence chatbot ChatGPT.

Mentioned in this podcast:

BP commits to Gulf of Mexico as $9bn platform comes online

OpenAI’s red team: the experts hired to ‘break’ ChatGPT

Read a transcript of this episode on FT.com

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Emerging markets debt crunch

Thu, 13 Apr 2023 04:00:57 GMT

Donald Trump is suing his former lawyer Michael Cohen, an uptick in core prices in the US is keeping pressure on the Federal Reserve to push ahead with another interest rate rise in May, and a study shows 91 of the poorest countries will spend an average of more than 16 per cent of their revenue on foreign debt repayments.

Mentioned in this podcast:

Donald Trump sues former lawyer Michael Cohen for $500mn

Inflation eased to the lowest level in nearly two years in March

Poorest countries’ finances under pressure from higher rates

Subscribe to Behind the Money

Read a transcript of this episode on FT.com

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EY: Breaking up is hard to do

Wed, 12 Apr 2023 04:00:58 GMT

EY has scrapped plans to break up its audit and consulting businesses, the IMF has warned the global economy could be in for a “hard landing”, and the European aviation industry estimates it will cost more than €800bn to reach its net zero goals.

Mentioned in this podcast:

EY scraps break-up plan after months of internal dissent

IMF warns of ‘hard landing’ for global economy if inflation persists

European airline industry warns of €‎800bn bill to reach net zero

Read a transcript of this episode on FT.com

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Rise of the Russian informer

Tue, 11 Apr 2023 04:00:04 GMT

Companies on the S&P 500 index are expected to report a 6.8 per cent decline in first-quarter earnings, Eli Lilly’s CEO told the Financial Times that Europe may miss out on new drugs if it pushes ahead with legislation reducing the time period for market exclusivity, and Russians are in a new era of fear and distrust as President Vladimir Putin’s regime encourages citizens to inform on members of their community..

Mentioned in this podcast:

US companies face biggest decline in profits since Covid shutdowns

Eli Lilly warns that EU will miss out on key drugs under planned changes to rules

‘Total distrust’: rise of the Russian informers

Behind the Money: Night School

Credit: The Telegraph: Russians spit out 'scum and traitors' like flies, Putin warns West

Credit: Tupperware Brands 1961 Tupperware Commercial

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The rising influence of Mrs Assad

Mon, 10 Apr 2023 04:00:13 GMT

China’s financial sector is reeling from a series of new corruption probes and the FT’s Middle East correspondent, Raya Jalabi, explains how Syrian first lady Asma al-Assad gained so much power and influence.

Mentioned in this podcast:

China’s financial sector rocked by expansion of anti-corruption drive

Syria’s state capture: the rising influence of Mrs Assad

Read a transcript of this episode on FT.com

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The quantum revolution: Brain waves

Sat, 08 Apr 2023 04:00:13 GMT

Quantum computers aren’t the only form of groundbreaking technology that use quantum physics. Madhumita Murgia hears from Dr. Margot Taylor, neuroscience researcher at The Hospital for Sick Children, who’s using quantum sensors to unpick the mystery of how autism first appears in the brain And we speak to Matthew Brookes, physics professor at Nottingham university in the UK, who helped build the quantum brain scanner she’s using. Plus, John Thornhill speaks to Stuart Woods from Quantum Exponential about the potential for quantum sensors to change our understanding of the world around us, and to Jack Hidary from Sandbox AQ about how sensors and communications networks might fit into a wider quantum technology ecosystem.

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Ukraine’s plans for Crimea

Thu, 06 Apr 2023 04:00:34 GMT

Brands keep spending on TikTok despite a threat by the US to ban the social media app, KKR is looking to buy a large stake in FGS Global, and Ukraine says it’s “ready” to talk to Russia about the Crimean peninsula if Kyiv’s counteroffensive succeeds. Plus, the FT’s Anjli Raval examines whether boomerang chief executives actually work out for their companies.

Mentioned in this podcast:

Brands increase TikTok ad spending despite US ban threat

Ukraine ‘ready’ to talk to Russia on Crimea if counteroffensive succeeds

KKR set to buy stake in communications group FGS Global

Boomerang chief executives provide comfort in times of crisis

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Chris Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Trump pleads not guilty

Wed, 05 Apr 2023 04:00:08 GMT

Former US president Donald Trump pleaded not guilty to 34 felony charges in court on Tuesday, Credit Suisse held its last annual general meeting, and shareholders at HSBC rail over the company’s decision to buy Silicon Valley Bank’s UK business.

Mentioned in this podcast:

Donald Trump pleads not guilty to criminal charges in New York

Credit Suisse chair apologises to investors at bank’s final AGM

HSBC forced to defend SVB UK deal to fractious Hong Kong shareholders

Credit Bloomberg Televsion: Credit Suisse Chairman: This Is a Sad and Historic Day

Read a transcript of this episode on FT.com

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EU pressures China to help end war in Ukraine

Tue, 04 Apr 2023 04:00:56 GMT

The president of the European Commission has called on Beijing to play a “constructive” role in bringing peace to Ukraine, EY has been banned from taking on any new listed audit clients in Germany for two years, and the makers of popular plagiarism detection software are launching a tool that also detects if essays are created using artificial intelligence chatbots. Plus the FT’s Polina Ivanova talks about her colleague Evan Gershkowich who has been detained by Russia.

Mentioned in this podcast:

EU leaders call on China to coax Russia to halt Ukraine war

EY banned by German audit watchdog over Wirecard work

Universities express doubt over tool to detect AI-powered plagiarism

Blinken demands release of WSJ journalist in call with Russia’s Lavrov

Read a transcript of this episode on FT.com

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The cases against Trump

Mon, 03 Apr 2023 04:00:43 GMT

Former President Donald Trump will turn himself in to New York prosecutors on Tuesday, Saudi Arabia and other members of the Opec+ group announced surprise production cuts of more than 1mn barrels a day, and China’s President is urging an increasingly assertive stance on the world stage and this year urged cadres at a key meeting in Beijing to “dare to fight.”

Mentioned in this podcast:

Oil price surges after Opec+ nations make surprise output cut

‘Dare to fight’: Xi Jinping unveils China’s new world order

Donald Trump’s lawyers will move to dismiss charges against him

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Read a transcript of this episode on FT.com

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The quantum revolution: First port of call

Sat, 01 Apr 2023 04:00:44 GMT

The Port of Los Angeles is one of the world’s busiest — and most inefficient. It’s now using an early quantum computing application to help solve its logistical bottlenecks.

Has it made a difference? The FT’s John Thornhill investigates. We hear from truck drivers at the Port of Los Angeles; Matt Schrap, CEO of the Harbor Trucking Association; SavantX co-founder Ed Heinbockel, who helped bring quantum computing to the port; and Alan Baratz, president of D-Wave Systems. Plus, John and FT artificial intelligence editor Madhumita Murgia discuss what optimisation at the Port of Los Angeles tells us about the future of quantum technology.

Read a transcript of this episode on FT.com

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Oleksandr Gryban: Investing in Ukraine’s future

Fri, 31 Mar 2023 04:00:59 GMT

Donald Trump has been indicted in what is the first criminal charges against a former US president in the country’s history, Ukraine’s deputy economy minister Oleksandr Gryban speaks to Marc Filippino about investing in Ukraine’s post-war economy, and the FT has published a video of its investigation into North Korean oil smuggling networks.

Mentioned in this podcast:

Donald Trump indicted on criminal charges in Manhattan

Inside North Korea’s oil smuggling: triads, ghost ships and underground banks

Ukraine clinches $15.6bn IMF loan

North Korea and the triads: gangsters, ghost ships and spies | FT Film

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Binance hid links to China

Thu, 30 Mar 2023 04:00:32 GMT

Social media giant Meta is deliberating a company-wide ban on political advertising in Europe, crypto exchange Binance hid substantial links to China, and UBS is bringing back Sergio Ermotti to lead the bank as it integrates Credit Suisse. Plus, the FT’s Eleanor Olcott explains why China’s ecommerce giant Alibaba is splitting into six business units.

Mentioned in this podcast:

Meta bosses look at political ads ban in Europe

Why UBS brought Sergio Ermotti back as chief executive

Binance hid extensive links to China for several years

Alibaba bets on split to survive Chinese tech’s new battlefields

Behind the Money podcast: Inside UBS’ takeover of Credit Suisse

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Read a transcript of this episode on FT.com

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Beijing’s big bailouts

Wed, 29 Mar 2023 04:00:24 GMT

JP Morgan CEO Jamie Dimon will testify about his bank’s relationship with Jeffrey Epstein, the Middle East is enjoying an IPO boom, China has expanded its bailout lending as its Belt and Road Initiative falters, and former FTX CEO Sam Bankman-Fried has been charged with bribery.

Mentioned in this podcast:

JPMorgan’s Jamie Dimon to be deposed in Epstein lawsuits

Middle East on ‘radar’ of global investors as it enjoys IPO boom

China grants bailouts as Belt and Road Initiative falters

US charges Sam Bankman-Fried with bribing Chinese officials

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Read a transcript of this episode on FT.com

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Israel’s PM Netanyahu agrees to postpone judicial reforms

Tue, 28 Mar 2023 04:00:26 GMT

Israeli prime minister Benjamin Netanyahu has postponed a bitterly contested judicial overhaul, the first consignment of German Leopard 2 tanks has reached Ukraine, and shares of First Citizens Bank surged nearly 50 per cent on Monday morning following news it would buy much of the failed Silicon Valley Bank.

Mentioned in this podcast:

Netanyahu partner says reforms that have roiled Israel to be postponed

German Leopard 2 tanks arrive in Ukraine

First Citizens to buy failed Silicon Valley Bank

Reuters: Demonstrators hold dueling protests in Israel

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Read a transcript of this episode on FT.com

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Money market madness

Mon, 27 Mar 2023 11:03:59 GMT

Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, senior EU and UK officials have stepped up discussions on potential plans for closer defence and security co-operation, the London Metal Exchange has found bags full of stones at one of its warehouses instead of the nickel they were supposed to contain in the latest drama to hit the scandal-stricken metals market, and crypto companies are heading to Hong Kong to try and capture demand from Mainland China

Mentioned in this podcast:

Money market funds swell by over $286bn as investors pull deposits from banks

Trafigura: the 10-day unravelling of an alleged $500mn fraud

LME finds bags of stones instead of nickel in metal warehouse

EU and UK ramp up talks on defence cooperation

Crypto groups expand in Hong Kong in bid to tap mainland China demand

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Read a transcript of this episode on FT.com

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The quantum revolution: ‘Spooky action’

Sat, 25 Mar 2023 05:00:44 GMT

In this episode, Tech Tonic dives into the science at the heart of quantum computing. How do technologists use unexplained subatomic phenomena to build powerful computers?

FT artificial intelligence editor Madhumita Murgia tells the story of quantum physics with the help of Sean Carroll, a theoretical physicist at Johns Hopkins University and hears from University of New South Wales professor Michelle Simmons to understand how engineers exploit weird quantum physics.

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A congressional TikTok smackdown

Fri, 24 Mar 2023 05:00:59 GMT

TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hindenburg Research has accused payments group Block of artificially inflating its user numbers and facilitating fraudulent transactions, and the wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt.

Mentioned in this podcast:

TikTok chief faces hostile Congress in bid to fight off US ban

Hindenburg Research shorts Jack Dorsey’s payments group Block

Asia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeout

Crypto fugitive Do Kwon arrested in Montenegro, says interior minister

Credit: Cash App Music Video Compilation (Hindenburg Research)

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Read a transcript of this episode on FT.com

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The Fed passes on a pause

Thu, 23 Mar 2023 05:00:40 GMT

The US Federal Reserve pressed ahead with its monetary tightening campaign despite the recent turmoil in the banking sector and the FT’s Andrew Jack explains why the FT updated the criteria for its MBA rankings. Plus, UK inflation was unexpectedly high last month.

Mentioned in this podcast:

Fed presses ahead with quarter-point rate rise despite banking turmoil

FT business school rankings

Global MBA Ranking 2023: change at the top

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Read a transcript of this episode on FT.com

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Banking crisis complicates interest rate decisions

Wed, 22 Mar 2023 05:00:28 GMT

The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking sector turmoil would be a mistake, shares of First Republic Bank rallied after US Treasury secretary Janet Yellen said the government stood ready to provide further support for smaller lenders, and China's leader Xi Jinping has backed Russian president Vladimir Putin’s stance on his war in Ukraine but refrained from endorsing his statements about a planned gas pipeline.

Mentioned in this podcast:

Ukraine clinches $15.6bn IMF loan

Former officials split on what central banks should do next

Janet Yellen says US prepared to give more support to banks

Xi Jinping backs Vladimir Putin on Ukraine but holds out on Russian gas pipeline

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Read a transcript of this episode on FT.com

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Will a $3bn bailout be enough for Sri Lanka?

Tue, 21 Mar 2023 05:00:05 GMT

The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in First Republic Bank tumbled 47 per cent on Monday despite a $30bn rescue deposit last week, and Credit Suisse bondholders were in uproar after the rescue deal by rival UBS wiped out $17bn of the failed Swiss bank’s bonds.

Mentioned in this podcast:

IMF approves $3bn bailout for Sri Lanka

Wall Street chief executives try to come up with new plan for First Republic

Credit Suisse bondholders in uproar over $17bn debt wipeout

Credit Suisse AT1s: investors go loco after Coco no-no

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Read a transcript of this episode on FT.com

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UBS agrees to buy Credit Suisse

Mon, 20 Mar 2023 05:00:22 GMT

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansion of the federal guarantee on bank deposits. Plus, the FT’s Andrew Edgecliffe-Johnson explains what lessons start-ups are taking away from the collapse of Silicon Valley Bank.

Mentioned in this podcast:

UBS agrees to buy Credit Suisse for more than $3bn

White House pressed to expand deposit guarantee to steady banks

Central banks announce dollar liquidity measures to ease banking crisis

Start-ups learn the hard way how to manage cash after SVB’s collapse

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Read a transcript of this episode on FT.com

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The quantum revolution: The race to build a quantum computer

Sun, 19 Mar 2023 05:00:29 GMT

Tech companies including Google, Microsoft and IBM are all working on plans for a commercially viable quantum computer. They say that these machines will be able to solve climate change, help develop new pharmaceutical drugs and transform our economy. But harnessing quantum physics requires overcoming massive challenges.

As researchers tinker away on uber-sensitive, ultra-cold quantum computers and investors become increasingly interested in the potential commercial applications – some people in the quantum computing world aren’t buying the hype.

In this episode of Tech Tonic, FT innovation editor John Thornhill travels to the West Coast to visit Julie Love and Krysta Svore, both of Microsoft’s quantum computing programme, and tours Google’s quantum computing lab with engineer Erik Lucero. We hear from Bessemer Venture Partners’ investor David Cowan, and FT artificial intelligence editor Madhumita Murgia talks to long-time quantum computing researcher Sankar Das Sarma.

Read a transcript of this episode on FT.com

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Wall Street banks rescue First Republic

Fri, 17 Mar 2023 05:00:53 GMT

The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances, the European Central Bank has raised interest rates by half a percentage point, Emmanuel Macron failed a critical parliamentary test and chose to override lawmakers to pass his unpopular plan to raise France’s retirement age, and the FT’s Stephen Morris explains why HSBC took a chance on Silicon Valley Bank UK.

Mentioned in this podcast:

Wall Street banks to deposit $30bn into First Republic

ECB increases rates by 0.5 percentage points

Macron to pass pension reform by decree as protests sweep France

Why HSBC swooped on SVB UK

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Read a transcript of this episode on FT.com

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Swiss central bank backs Credit Suisse

Thu, 16 Mar 2023 05:00:53 GMT

The Swiss central bank said it would provide a liquidity backstop to Credit Suisse, UK chancellor Jeremy Hunt unveiled a Budget that includes a £4bn expansion of free childcare, and Volkswagen is increasing its investments in electric vehicles.

Mentioned in this podcast:

Swiss central bank offers Credit Suisse liquidity backstop after share plunge

Jeremy Hunt’s “Budget for growth” boosts UK childcare

VW ramps up investments in electric car transition with €180bn injection

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Read a transcript of this episode on FT.com

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The Fed’s SVB balancing act

Wed, 15 Mar 2023 05:00:00 GMT

The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank, the Federal Reserve is caught between high inflation and financial instability, and US regulators are facing questions over whether they missed signs of mounting problems at SVB. Plus, Australia, the US and the UK announced details of a long-term plan to supply Australia with nuclear-powered submarines.

Mentioned in this podcast:

Buyout titans weigh purchases from Silicon Valley Bank loan book

US consumer prices rise 6% at tricky time for Fed amid SVB fallout

Regulators face questions over missed warning signs at Silicon Valley Bank

Aukus defence pact’s political pay-off will be a jobs bonanza

Silicon Valley Bank Webinar: Register Here

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Read a transcript of this episode on FT.com

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SVB jitters spread to global markets

Tue, 14 Mar 2023 05:00:17 GMT

The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each other for their role in the bank run on SVB that precipitated its demise.

Mentioned in this podcast:

California bank failure shakes global financial stocks

US and European bank stocks tumble as investors fret over SVB fallout

First Republic and other US regional banks tumble over fears of deposit flight

Recriminations fly as venture capitalists contemplate Silicon Valley Bank’s collapse

Biden audio credit: C-Span

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Read a transcript of this episode on FT.com

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SVB’s cardinal sin

Mon, 13 Mar 2023 05:00:41 GMT

The Federal Deposit Insurance Corporation is leading an auction to find a potential buyer for Silicon Valley Bank after the US government said it would help depositors in its efforts to stop contagion across the banking sector. Plus, the boom in disposable vaping devices is not just adding to health concerns but leading to tonnes of electronic waste.

Mentioned in this podcast:

Silicon Valley Bank: the spectacular unravelling of the tech industry’s banker

UK government tried to find buyer for SVB unit

UK chancellor prepares lifeline for UK companies hit by SVB collapse

The environmental cost of single-use vapes

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Read a transcript of this episode on FT.com

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The quantum revolution: Q-Day

Sat, 11 Mar 2023 05:00:33 GMT

In the cybersecurity world they call it Q-Day, the day when a quantum computer will be built that can break the encryption of the internet.

John Thornhill and Madhumita Murgia speak to cybersecurity expert and former professional hacker Mark Carney about password cracking, and why quantum computers would be so good at it.

Renowned mathematician Peter Shor recounts how he became the first person to discover that quantum computers could upturn the encryption that underpins much of the internet. Jack Hidary, boss of the quantum technology company Sandbox AQ, tells us how quantum computers already pose a threat today, even if it’s decades before one powerful enough to threaten encryption will be built. And cryptographer Dan Bernstein explains why protecting ourselves from the quantum threat might just be down to better maths.

We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds.

Read a transcript of this episode on FT.com

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Silicon Valley Bank rattles Wall Street

Fri, 10 Mar 2023 05:00:21 GMT

A US bank index suffered the worst one-day fall in market value since June 2020, the first France-UK summit in five years will focus on resetting relations, Mexico’s currency hit a five-year high this week despite its struggling economy, and former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison for fraud.

Mentioned in this podcast:

Investors dump US bank shares amid fears over value of bond portfolios

Mexico’s peso hits five-year high on interest rates and US benefits

France and UK aim to draw a line under post-Brexit tensions

Former Goldman Sachs banker Roger Ng sentenced to 10 years for 1MDB fraud

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Read a transcript of this episode on FT.com

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Britain’s stuck economy

Thu, 09 Mar 2023 05:00:33 GMT

EY employees were told that the plan to spin off the consulting business needs to be reworked, and Chinese president Xi Jinping is preparing to shore up financial stability at home while trying to keep up in an intense rivalry with the US over technology. Plus the FT’s Chris Giles explains just how bad a state the British economy is in.

Mentioned in this podcast:

EY split paused amid partner infighting over fate of tax experts

What does Xi Jinping’s tighter regulatory grip on China mean for business?

Cathie Wood’s flagship Ark fund tops $300mn in fees despite losses

The UK economy has a London problem — but it’s not what you think

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Read a transcript of this episode on FT.com

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How Hindenburg shorted Adani

Wed, 08 Mar 2023 05:00:14 GMT

Jay Powell warned US lawmakers that the Federal Reserve is prepared to return to bigger interest rate rises to fight inflation, and the US gender pay gap has barely budged in the past two decades. Plus, the FT’s Ortenca Aliaj explains how Hindenburg Research may have shorted Adani stocks.

Mentioned in this podcast:

How did Hindenburg short Adani stock?

Jay Powell warns Fed is prepared to return to bigger interest rate rises

Women still struggling to close corporate America’s gender gap

Credit: C-SPAN Federal Reserve Chair Testifies on Monetary Policy and the Economy

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FTX trading arm sues Grayscale

Tue, 07 Mar 2023 05:00:14 GMT

FTX affiliate Alameda has sued crypto investment company Grayscale and its owner over the structure of their large bitcoin and ethereum trusts, Chinese companies are flocking to Switzerland to raise capital, and incoming Bank of Japan governor Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm.

Mentioned in this podcast:

FTX’s trading affiliate Alameda sues Grayscale over crypto investments

Chinese companies choose Switzerland over US and UK to raise money overseas

Ditching bond yield cap will be tricky task for new Bank of Japan governor

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Read a transcript of this episode on FT.com

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China’s military spending to outpace economic growth

Mon, 06 Mar 2023 05:00:58 GMT

Huawei is lobbying to build the Malaysian government’s 5G network, China will aim for an economic expansion of “around 5 per cent” for 2023, Israel has been gripped by a bitter battle between supporters and opponents of proposed judicial reforms, and US President Joe Biden will soon issue his first presidential veto.

Mentioned in this podcast:

Huawei fights for role in Malaysia’s 5G rollout

China’s military budget outpaces economic growth in shift to security

Xi Jinping set to overhaul China’s economic policy team at watershed congress

The angry divide in Israel over the rule of law and religion

Joe Biden expected to issue first presidential veto in anti-ESG vote

Credit: SCMP Clips: China targets to boost gross domestic product by ‘around 5%’ in 2023

Credit: Reuters: Police in Israel use stun grenades on judicial reform protesters

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Introducing Tech Tonic Season 6: The Quantum Revolution

Fri, 03 Mar 2023 17:00:52 GMT

Tech companies and labs around the world are building a revolutionary new computer. Quantum computers harness the mysteries of quantum physics to perform calculations that seem impossible. The people building them say they’re going to change the world.

In a new season of Tech Tonic, FT tech journalists Madhumita Murgia and John Thornhill investigate the race to build a quantum computer, the impact they could have on security, innovation and business, and the confounding physics of the quantum world.

Are we really on the brink of a quantum revolution? And what will a future powered by quantum computing look like?

Check out stories and up-to-the-minute news from the Technology team at ft.com/technology

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London Stock Exchange gets the cold shoulder

Fri, 03 Mar 2023 05:00:11 GMT

The US will launch a renewed crackdown on countries that are helping the Kremlin evade western sanctions, the world’s largest building materials group plans to move its listing from London to New York, and the FT’s Delphine Strauss explains why higher wages could undermine central banks’ battle against inflation.

Mentioned in this podcast:

US to launch new crackdown on Russian sanctions busting

Buildings giant CRH plans to move listing from London to New York

Global economy: will higher wages prolong inflation?

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Salesforce catches a break

Thu, 02 Mar 2023 05:00:11 GMT

Salesforce reported better than expected earnings on Wednesday amid a fight with activist investors, Bridgewater Associates is set to cut about eight per cent of its workforce, and Chinese factories are on a charm offensive.

Mentioned in this podcast:

Salesforce earnings provide some respite amid activist fight

Bridgewater to cut jobs and cap flagship fund in post-Dalio overhaul

Chinese factories launch charm offensive for buyers after Covid isolation

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Goldman’s big bet

Wed, 01 Mar 2023 05:00:40 GMT

Goldman Sachs is going all in on asset management, Nigeria’s opposition parties are calling for a rerun of the presidential election over the weekend, and a London mansion tied to the Saudi royal family is up for sale and expected to fetch a record price.

Mentioned in this podcast:

Goldman Sachs explores ‘strategic alternatives’ for consumer business

London’s most expensive ever house sale lined up after Saudi loan expires

Credit: CNBC Goldman CEO says asset management is the new growth engine, will learn from bungled consumer effort

Tinubu leads disputed Nigerian vote as opposition calls for election rerun

Credit TVC News Nigeria Bola Tinubu Commends Election Process

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A big step for Brexit

Tue, 28 Feb 2023 05:00:45 GMT

Shell’s top executives explored moving the company to the US, and Britain and the EU clinched a deal on Monday to settle their dispute over Northern Ireland trading rules. Plus, the FT’s Robert Armstrong explains why the dance between investors and central banks has gotten dull.

Mentioned in this podcast:

Shell explored quitting Europe and moving to the US

Unhedged: 2022 never ended

EU and UK strike Brexit deal on Northern Ireland

Credit: The Telegraph Rishi Sunak and Von der Leyen announce Northern Ireland Protocol deal

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The future of the World Bank

Mon, 27 Feb 2023 05:00:53 GMT

Major US employers are reporting a dramatic improvement in hiring conditions despite official data, and the FT’s Aime Williams tells us what the World Bank might look like under the leadership of Ajay Banga. Plus, the FT’s Demetri Sevastopulo explains what the Chinese spy balloon saga means more broadly for the relationship between Beijing and Washington.

Mentioned in this podcast:

US companies say it is easier to hire despite low jobless rate

Ajay Banga, World Bank nominee must swap finance for climate

Beyond the balloon: the US-China spy game

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Ukrainian filmmaker Nadia Parfan on art and resistance

Fri, 24 Feb 2023 05:00:41 GMT

Nadia Parfan was travelling outside Ukraine when Russia invaded on February 24. Instead of remaining abroad, Parfan returned to her homeland, fearing isolation more than physical danger. She spoke with FT Weekend host Lilah Raptopoulos about a documentary she produced in partnership with the New Yorker, called “I Did Not Want to Make A War Film”. From a coffee shop in Kyiv, Parfan spoke to Lilah about making the film, life in Ukraine for civilians away from the front lines, and art as a form of resistance.

Mentioned in this podcast:

FT Weekend podcast

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Life in a war zone

Thu, 23 Feb 2023 05:00:48 GMT

It’s been a year since Russia’s full-scale invasion of Ukraine. Ukraine MP Lesia Vasylenko describes waking up in a war zone that day and she argues that Russian war crimes must not be allowed to go unpunished.

Mentioned in this podcast:

Defence industry shares soar on western backing for Ukraine

The Rachman Review podcast

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The economics of Russia’s war in Ukraine

Wed, 22 Feb 2023 05:00:01 GMT

Investors are betting the European Central Bank will raise interest rates to all-time highs, and the FT’s Ben Hall explains the impact of the war in Ukraine on the country’s economy.

Mentioned in this podcast:

Investors ramp up bets on ECB lifting interest rates to all-time high

Behind the Money Podcast

FT Live: Putin’s war on Ukraine: One year on

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Russia’s ‘second front’

Tue, 21 Feb 2023 05:00:10 GMT

Consumer confidence in the eurozone is up, Moscow is buying influence in Africa on the cheap, and the FT’s Henry Foy explains how the war in Ukraine shattered illusions and shifted EU foreign policy.

Mentioned in this podcast:

European consumer confidence hits one-year high as energy crisis eases

How Moscow bought a new sphere of influence on the cheap

How Russia’s propaganda machine is reshaping the African narrative

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Biden in Poland for Ukraine war anniversary

Mon, 20 Feb 2023 05:00:00 GMT

US President Joe Biden travels to Poland to mark one year since Moscow invaded Ukraine, the FT’s Felicia Schwartz discusses US response to the war over the past year and the FT’s John Paul Rathbone describes how the war has progressed.

Mentioned in this podcast:

Poland calls for security guarantees for post-war Ukraine

UK defence secretary: Russia’s ‘big’ Ukraine offensive advancing in ‘metres not kilometres’

Germany faces repeat of 2015 refugee crisis as 1mn Ukrainians seek safety

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Nigeria’s ‘democracy generation’

Fri, 17 Feb 2023 05:00:54 GMT

YouTube chief executive Susan Wojcicki is stepping down, the Pentagon is reviewing its weapons stockpiles after seeing how quickly ammunition has been used up in the war in Ukraine, and young Nigerians are the largest voting bloc in the country’s upcoming presidential election. Plus, the FT’s Clive Cookson tells us what else flies in the ‘forgotten space’ where the Chinese spy balloon was discovered.

Mentioned in this podcast:

YouTube chief executive Susan Wojcicki to step down

Ukraine war pushes US to review arms stockpiles

Nigeria’s ‘democracy generation’ makes its voice heard as polling day looms

Spy balloons, sky clutter and UFOs: what flies in the ‘forgotten space’?

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The SEC’s crypto crackdown

Thu, 16 Feb 2023 05:00:47 GMT

World Bank president David Malpass will step down from his post at the end of June, US authorities have begun the year looking to further crack down on crypto companies, and Nicola Sturgeon announced her resignation as Scotland’s first minister after a backlash over her strategy for securing independence.

Mentioned in this podcast:

World Bank president David Malpass to step down in June

US crackdown turns up the heat on crypto market

Nicola Sturgeon quits as Scotland’s first minister

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Dispatch from northwest Syria

Wed, 15 Feb 2023 05:00:40 GMT

US inflation declined in January though less than expected, Turkey’s president faces a backlash for an amnesty programme that forgave faults in millions of buildings, and humanitarian aid is finally reaching shell-shocked Syrians after last week’s earthquake.

Mentioned in this podcast:

Syrians left to fend for themselves as earthquake relief fails to materialise

Erdoğan under fire as shoddy Turkish building standards exposed by earthquake

US inflation cools slightly in January

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US regulators go after non-competes

Tue, 14 Feb 2023 05:00:05 GMT

Nigeria’s highest court slapped a temporary ban on the plan to replace the country’s largest currency notes, and US regulators may ban non-compete clauses that stop workers from jumping to a rival company for a certain amount of time after quitting.

Mentioned in this podcast:

Nigeria’s top court halts botched plan to replace currency notes

US companies mount resistance to proposed ban on non-compete clauses

FT Live: Putin’s war on Ukraine: One year on

Lina Khan on CNBC

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Syrian refugees in Turkey face rising hostility

Mon, 13 Feb 2023 05:00:59 GMT

The earthquake in Turkey has worsened the plight of Syrian refugees who already face rising hostility, YouTube has rolled out a revenue sharing scheme to lure new content creators away from rival TikTok, and dark horse candidate Kazuo Ueda has upset expectations for the next Bank of Japan governor.

Mentioned in this podcast:

‘They hate us’: quake tests cohesion between Syrian refugees and Turkish hosts

YouTube Shorts takes on TikTok in battle for younger users

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Credit Suisse’s big slump

Fri, 10 Feb 2023 05:00:56 GMT

China has pulled back from an internet pipeline connecting Asia with Europe, activist investor Nelson Peltz has called off his fight against Disney, and Americans are expected to wager a record $16bn on Sunday’s Super Bowl. Plus, the FT’s Owen Walker talks about Credit Suisse’s worse-than-expected earnings report and the bank’s plan to save itself.

Mentioned in this podcast:

China pulls back from global subsea cable project amid US tensions

Nelson Peltz calls off Disney proxy fight

Credit Suisse slumps to biggest annual loss since financial crisis

US gamblers expected to bet record amounts on Superbowl

Sound credit: CNBC: Activist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring

Sound Credit: Ad Age's Super Bowl Archive

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Disney to axe 7,000 jobs

Thu, 09 Feb 2023 05:00:31 GMT

Disney plans to cut 7,000 jobs to reduce costs, the UK competition regulator said Microsoft’s acquisition of video game maker Activision Blizzard would harm competition for UK gamers, and the seventh-generation leader of a European banking dynasty is taking the family’s company private.

Mentioned in this podcast:

Disney to axe 7,000 jobs in $5.5bn cost-cutting plan

UK regulator deals blow to Microsoft’s $75bn Activision deal

Activision Blizzard chief: UK would lose out if it blocks Microsoft deal

‘You can’t be half pregnant’: Why Rothschild is calling time on the public market

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Adani scrambles to reassure investors

Wed, 08 Feb 2023 05:00:09 GMT

Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of emergency in areas ravaged by the region’s worst earthquake in decades, and the FT’s John Reed explains how allegations of stock manipulation at Indian conglomerate Adani present a challenge to the country’s institutions.

Mentioned in this podcast:

Erdoğan declares state of emergency in Turkey after deadly earthquake

Desperate victims of Turkish earthquake victims cry, pray and wait for news

The Adani affair: the fallout for Modi’s India

Sound credit: BBC Newsnight

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The jig is up for the Texas two-step

Tue, 07 Feb 2023 05:00:49 GMT

The UK Treasury and Bank of England are designing a “digital pound”, Google revealed plans on Monday to launch a chatbot to rival OpenAI’s popular ChatGPT, more than 11,000 residents of Nigeria’s oil-producing Niger Delta have filed a claim for compensation against Shell, and a ruling by a US court will make companies think twice about using bankruptcy schemes such as the Texas two-step to handle lawsuits.

Mentioned in this podcast:

UK to design ‘digital pound’ that could fend off a future private tech rival

Google reveals plans for chatbot ‘Bard’ as AI tech race heats up

Talc ruling a blow to the ‘Texas two-step’ bankruptcy jig

Shell hit with damages claim by 11,000 Nigerians in UK High Court

Behind the Money episode about the Texas Two-Step

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Unhedged’s Rob Armstrong on a puzzling US economy

Mon, 06 Feb 2023 05:00:35 GMT

The US donor network led by billionaire industrialist Charles Koch has signalled it will oppose Donald Trump’s bid to secure the 2024 Republican presidential nomination, and European banks launch earnings season with healthy profits. Plus, the FT’s Robert Armstrong says the latest US jobs report is another piece in the US economic puzzle.

Mentioned in this podcast:

Billionaire Koch’s donor network says it opposes Trump’s re-election

UBS profits rise after Credit Suisse client defections

Deutsche Bank delays buyback decision as annual profits hit 15-year high

No signs of US slowdown in surprisingly robust jobs market

Capture: who's looking after the children? | FT Film

Unhedged newsletter

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Markets’ dove-coloured glasses

Fri, 03 Feb 2023 05:00:52 GMT

Big Tech companies reported earnings lacklustre yesterday, equities markets ended Thursday higher despite central banks tightening monetary policy, and US job growth is expected to have slowed for the sixth consecutive month.

Mentioned in this podcast:

Apple’s revenue growth streak snapped after supply chain woes

Meta shares soar on resilient revenue and share buybacks

ECB raises rates by 0.5 percentage points as Lagarde commits to ‘stay the course’

Bank of England raises interest rates by 0.5 percentage points to 4%

FT podcast survey

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Federal Reserve slows pace of rate rises

Thu, 02 Feb 2023 05:00:15 GMT

The US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn equity fundraising, and banks that lost billions from the Archegos Capital Management meltdown will get back as little as 5 cents on the dollar. Plus, the FT’s Cristina Criddle looks at a new social media app launched by the founders of Instagram.

Mentioned in this podcast:

Federal Reserve shifts to quarter-point rate rise but warns of more to come

Adani Enterprises calls off $2.4bn share sale

Banks to recoup as little as 5 cents on the dollar in Archegos restructuring

Instagram founders launch Artifact to rival Twitter and tackle misinformation

FT podcast survey

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Do meme 'stonks' still stink?

Wed, 01 Feb 2023 05:00:30 GMT

Hundreds of thousands of UK public sector workers set to walk out on Wednesday in co-ordinated action, the EU is set to unveil a draft plan today that loosens the rules around clean energy subsidies. Plus, the FT’s US markets editor Jennifer Hughes looked at how meme-stock companies are performing after raising capital during the pandemic meme stock frenzy.

Mentioned in this podcast:

EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies

Meme-stock groups have raised $5bn in 2 years since trading frenzy

FT podcast survey

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Renault and Nissan reach a deal to save alliance

Tue, 31 Jan 2023 05:00:08 GMT

The International Monetary Fund says that global economic growth has proven “surprisingly resilient” in its latest forecast, Renault and Nissan reached a deal to save their 24-year-old alliance and sources tell FT that the Biden administration has stopped providing US companies with licences to export to Huawei. Plus, South Africa’s unreliable power supply has slowed economic growth.

Mentioned in this podcast:

IMF raises growth forecasts as gas prices fall and China reopens

Washington halts licences for US companies to export to Huawei

Renault and Nissan hammer out historic deal to salvage alliance

South African businesses turn to diesel and solar panels as Eskom crisis deepens

EU to relax curbs on tax credits in response to US green subsidies

FT podcast survey

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Nelson Peltz versus Disney

Mon, 30 Jan 2023 05:00:12 GMT

India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from its value last week, central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow, and Walt Disney is bracing for a proxy battle with activist investor Nelson Peltz’s push for a board seat.

Mentioned in this podcast:

Adani rebuttal of short seller critique claims ‘calculated attack on India’

Central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow

Peltz fixates on $71bn Fox deal in fight against Disney and Iger

CNBC: Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition

The fight for Disney

FT podcast survey

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Nigeria’s $11bn court challenge

Fri, 27 Jan 2023 05:00:20 GMT

UK chancellor Jeremy Hunt will on Friday take on rightwing Tory MPs by rejecting calls for big tax cuts in his Budget, Brazil and Argentina’s leftwing leaders push ahead with common currency plan despite questions over unequal benefits, and Nigeria has begun a high-stakes attempt at London’s High Court to overturn an $11bn arbitration award.

Mentioned in this podcast:

Jeremy Hunt to defy rightwing Tory MPs by rejecting calls for Budget tax cuts

Economists question South American currency plan

Nigeria begins UK court bid to overturn $11bn arbitration award

FT Weekend podcast

FT podcast survey

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Tesla sees a bumpy road ahead

Thu, 26 Jan 2023 05:00:45 GMT

Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gushing into a US Federal Reserve facility designed to mop up excess cash in the financial system.

Mentioned in this podcast:

Tesla aims to build 1.8mn cars this year but warns of challenges

US economic growth set to have slowed in fourth quarter of 2022

Investors pump trillions of dollars a day into ultra-safe Fed facility

Bank of Canada signals likely pause in tightening after latest interest rate rise

Central banks should sacrifice ambitions of a perfect economic landing

FT podcast survey

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Microsoft cloud business holds up

Wed, 25 Jan 2023 05:00:52 GMT

Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted, the Qatar Investment Authority has doubled its stake in Credit Suisse, and Chris Hipkins has been sworn in as New Zealand’s next prime minister, replacing Jacinda Ardern.

Mentioned in this podcast:

Qatar Investment Authority doubles stake in Credit Suisse

‘Mr Fixit’ replaces Jacinda Ardern as New Zealand’s prime minister

FT podcast survey

Behind the Money

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Germany’s tank dilemma

Tue, 24 Jan 2023 05:00:20 GMT

Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine.

Mentioned in this podcast:

China property bonds rebound on support measures from Beijing

Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel

Why are Ukraine’s allies arguing about tanks?

‘Free the leopards!’: Tank row heightens Germany’s isolation over Ukraine

FT podcast survey

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A Latin American common currency?

Mon, 23 Jan 2023 05:00:29 GMT

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Russia say a law introduced by Vladimir Putin is disrupting sales and allowing deals to be hijacked, and Elon Musk faces tough choices to meet financial obligations of his Twitter takeover financed by $13bn in debt.

Mentioned in this podcast:

Brazil and Argentina to start preparations for a common currency

Western banks struggle to exit Russia after Putin intervention

Looming Twitter interest payment leaves Musk with unpalatable options

FT podcast survey

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Netflix's CEO steps down

Fri, 20 Jan 2023 05:00:06 GMT

Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising interest rates, companies are trying to find solutions to global supply chain kinks, and the FT’s Yuan Yang explains the power of collectively remembering pandemic lockdowns in China.

Mentioned in this podcast:

Netflix co-founder Reed Hastings to step down as chief executive

Central bankers pledge to ‘stay the course’ on high interest rates

Companies race to work around choke points in world trade

China’s collective memories of the pandemic deserve to be preserved

FT podcast survey

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US expected to hit debt ceiling

Thu, 19 Jan 2023 05:00:56 GMT

The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Davos on the tense relations between the US and Europe over America’s new expensive green subsidies law.

Mentioned in this podcast:

EU makes green pitch to rival US subsidy splurge

Microsoft to cut 10,000 jobs in push to bring down costs

The US hits the debt ceiling today. What happens next?

FT podcast survey

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Beijing’s new tech control strategy

Wed, 18 Jan 2023 05:00:25 GMT

Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies.

Mentioned in this podcast:

Morgan Stanley retains edge over Goldman due to booming wealth unit

China moves to take ‘golden shares’ in Alibaba and Tencent units

China tech stocks stage $700bn recovery rally

Shareholders bring US abortion battle to the boardroom

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Berlin beats back Big Tech

Tue, 17 Jan 2023 05:00:02 GMT

US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, a former Russian paramilitary soldier has promised to give evidence against the notorious Wagner group after making a dramatic escape to Norway, and scientists have unveiled a laser beam to deflect lightning strikes. Plus, as EU regulators slowly roll out their own Big Tech regulation enforcement, Berlin is already holding gatekeepers to account.

Mentioned in this podcast:

Yellen to meet Chinese finance minister in Zurich this week

Wagner fighter seeks asylum after dramatic escape to Norway

How Germany became Europe’s leading Big Tech trust buster

Scientists unveil laser beam to deflect lightning strikes

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The FT heads to Davos

Mon, 16 Jan 2023 05:00:45 GMT

Demand for ‘buy now, pay later’ deals has surged among all age groups in the UK, US regulators are cracking down on a type of investment vehicle used by private equity groups, and we’ll chat with the FT’s chief foreign affairs commentator Gideon Rachman as he heads to Davos.

Mentioned in this podcast:

US regulators crackdown on ‘collateralised fund obligations’

Geopolitics threatens to destroy the world Davos made

Buy now, pay later demand soars among all age groups in the UK

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Pakistan’s debt crisis

Fri, 13 Jan 2023 05:00:36 GMT

Annual US inflation fell in December to its lowest level in more than a year, and Sweden’s state-owned mining company LKAB has said it has discovered Europe’s largest deposit of rare earth metals. Plus, the FT’s Jonathan Wheatley and Farhan Bokhari discuss Pakistan’s financial crisis.

Mentioned in this podcast:

US inflation falls to lowest level in more than a year

Pakistan secures more than $9bn of pledges for post-flood recovery

Sweden discovers biggest rare earths deposit in EU

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Moscow’s military reshuffle

Thu, 12 Jan 2023 05:00:25 GMT

Brussels is stockpiling drugs and obliging manufacturers to guarantee supplies, and Russian forces are stepping up attacks on the Ukrainian town of Soledar. Plus, the FT’s Peggy Hollinger explains why Virgin Orbit's failed satellite launch is such a big deal for Europe.

Mentioned in this podcast:

Virgin Orbit scrambles to establish why first UK satellite launch failed

Russian forces may have scored rare success in battle near Bakhmut

Military briefing: Ukraine’s hopes lift as western allies assess tank coalition

War in Ukraine costs Moscow more than its record energy revenues

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Toyota’s EV struggle

Wed, 11 Jan 2023 05:00:07 GMT

UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep, and Toyota is confronting an “unprecedented” challenge to revive its electric vehicle sales. Plus, the FT’s Tom Wilson chats about the challenges facing Shell’s new chief executive, Wael Sawan.

Mentioned in this podcast:

Twitter hit with legal challenge from former UK staff

Toyota leasing unit warns of ‘unprecedented’ challenge to boost EV sales

BioNTech buys UK AI start-up InstaDeep in £562mn deal

Wael Sawan, the Shell lifer taking helm to navigate energy transition

Virgin Orbit shares sink after rocket ‘anomaly’

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White House under pressure to expel Bolsonaro

Tue, 10 Jan 2023 05:00:19 GMT

The White House is facing calls from the US Congress to expel former Brazilian president Jair Bolsonaro after Sunday’s insurrection, France is set to present a draft law that will raise the country’s retirement age. Plus, the FT’s Sun Yu explains why China is restricting certain domestic companies from going public.

Mentioned in this podcast:

White House under pressure to expel Jair Bolsonaro after Brazil protests

Beijing blocks listings of ‘red light’ companies to steer funding to strategic sectors

‘We must work longer’: Macron prepares for fight over French pensions reform

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Bolsonaro supporters storm Brazil’s capital

Mon, 09 Jan 2023 05:00:10 GMT

Thousands of supporters of Brazil’s former rightwing president Jair Bolsonaro stormed the country’s capital, and America’s biggest banks are set to report another quarter of bumper profits. Plus, the FT’s Middle East editor Andrew England explains how Gulf nations’ sovereign wealth funds plan to invest the cash they’ve reaped from the recent boom in oil prices.

Mentioned in this podcast:

Supporters of Bolsonaro invade Brazil’s Congress

The new Gulf sovereign wealth fund boom

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Crypto bank’s ‘crisis of confidence’

Fri, 06 Jan 2023 05:00:30 GMT

The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate late last year. Plus, the FT’s Pilita Clark comments on the slow death of the company phone number.

Mentioned in this podcast:

Pace of US jobs growth set to have slowed again in December

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

The strange death of the company phone number

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Falling inflation in Europe

Thu, 05 Jan 2023 05:00:00 GMT

IMF deputy managing director says the Federal Reserve shouldn’t declare victory against inflation just yet, inflation in Europe is falling, and the World Health Organization has accused China of undercounting Covid deaths.

Mentioned in this podcast:

Fed wants ‘more evidence’ of easing inflation and backs fresh rate rises

US inflation has not ‘turned the corner yet’, top IMF official warns

Falling French inflation sparks hope of end to Europe’s price surge

China has under-represented its number of Covid deaths, says WHO

Chinese celebrities’ Covid deaths subvert propaganda push to minimise outbreak

London’s post-lockdown recovery in offices and hotels trailed European rivals

Read a transcript of this episode on FT.com

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Apple and Tesla start 2023 on the wrong foot

Wed, 04 Jan 2023 05:00:00 GMT

Downing Street says Britons could struggle to access healthcare this winter, Tesla and Apple shares both fell because of production issues in China, and retail investors are pouring into risky commodities markets.

Mentioned in this podcast:

Downing Street admits Britons will struggle to access the NHS

Tesla shares slide after deliveries fall short of Wall St expectations

Apple’s market value falls below $2tn as tech rout hits iPhone maker

Commodities trading boom raises fear of big losses among retail investors

Read a transcript of this episode on FT.com

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How did 2% become the magic inflation target?

Tue, 03 Jan 2023 05:00:00 GMT

Economists say the UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, and The Netherlands may be the first country to hit the limits of growth. Plus, the FT’s Colby Smith explains how the Federal Reserve and other central banks settled on a 2 per cent inflation rate target.

Mentioned in this podcast:

UK faces worst and longest recession in G7, say economists

The Netherlands may be the first country to hit the limits of growth

Opinion: It is time to revisit the 2% inflation target

FT editorial board: Inflation targeting and the 2 per cent goal

Read a transcript of this episode on FT.com

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Bankman-Fried’s $250mn bail

Fri, 23 Dec 2022 05:00:00 GMT

FTX founder Sam Bankman-Fried’s bail is set at $250mn, Wall Street stocks slide after a round of upbeat economic data was released, and the FT’s Andrew Edgecliffe-Johnson reflects on the year in corporate news.

Mentioned in this podcast:

FTX founder Sam Bankman-Fried to be released on $250mn bond

Big investors warm to bonds after historic 2022 sell-off boosts yields

US stocks sink after strong data support further monetary tightening

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

UK childcare in crisis

Thu, 22 Dec 2022 05:00:00 GMT

Big Tech groups are ditching offices that are part of their European headquarters to cut costs and Tesla has fallen below ExxonMobil in stock market value for the first time since 2020. Plus, the FT’s Claer Barrett explains how British families are coping with the sky-high cost of childcare.

Mentioned in this podcast:

US tech giants ditch European offices

Money Clinic Podcast: Childcare in crisis

Tesla share slide sends valuation below ExxonMobil

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Bank of Japan stuns markets

Wed, 21 Dec 2022 05:00:00 GMT

The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to secure quicker repayment for people who have money trapped with the defunct exchange. Plus, we take a look back at the biggest energy story of 2022.

Mentioned in this podcast:

Bank of Japan stuns markets with yield control policy change

FTX clients to vie for priority payouts in US bankruptcy case

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Wirecard on trial

Tue, 20 Dec 2022 05:00:00 GMT

US regulators settled a record breaking case against the maker of video game Fortnite, a former Wirecard executive told a Munich court that the collapsed German payments company was a “sloppily done fraud”, and a boom in mainland Chinese family offices setting up in Singapore is drawing in thousands of financial professionals.

Mentioned in this podcast:

Epic Games pays FTC $520mn to resolve ‘Fortnite’ claims

Wirecard was ‘sloppily done fraud’, chief witness tells Munich court

Booming Chinese family offices recruit top bankers in Singapore

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

India ramps up lending to counter China

Mon, 19 Dec 2022 05:00:14 GMT

EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouring countries, the world’s largest investment banks for the first time will earn more dealmaking fees in India this year than in China, a new generation of artificial tasks is able to do more jobs that previously only humans could do.

Mentioned in this podcast:

Brussels agrees to world’s first carbon tax

India’s plan to take on China as south Asia’s favourite lender

Investors seek to profit from groundbreaking generative AI start-ups

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Britain’s nurses launch historic strike

Fri, 16 Dec 2022 05:00:51 GMT

Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strike. Plus, Argentina’s World Cup success is temporarily distracting Argentinians from economic and political turmoil.

Mentioned in this podcast:

US and European stocks tumble as global outlook sours

Ministers reject nurses’ pay demand amid historic strike

World Cup: Lionel Messi mania diverts Argentina from its economic problems

Read a transcript of this episode on FT.com

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Fed enters a new phase

Thu, 15 Dec 2022 05:00:09 GMT

The Federal Reserve slowed the pace of its interest rate increases, western sanctions are causing a steady degradation, rather than a dramatic collapse, of Russia’s economy, and billionaire Ray Dalio is teaming up with Titanic director James Cameron to invest in a luxury submarine maker.

Mentioned in this podcast:

Fed implements half-point rate rise as central banks enter new phase

Russia’s wartime economy: learning to live without imports

Bridgewater’s Ray Dalio invests in submarines for the ultra-rich

Read a transcript of this episode on FT.com

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Former FTX chief charged with fraud

Wed, 14 Dec 2022 05:00:52 GMT

US inflation slowed for the second month in a row, the US has formally charged former FTX chief executive, Sam Bankman-Fried, with criminal conspiracy and fraud, and US scientists have made a breakthrough in a powerful clean energy technology.

Mentioned in this podcast:

US accuses Sam Bankman-Fried of conspiracy and fraud after FTX collapse

US shares and bonds surge as inflation hits lowest level since December 2021

How US scientists moved one step closer to dream of fusion power

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried arrested in Bahamas

Tue, 13 Dec 2022 05:00:07 GMT

Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success.

Mentioned in this podcast:

FTX founder Sam Bankman-Fried arrested in the Bahamas

Goldman considers hundreds of job cuts at consumer business

Fresh raids as Qatar corruption scandal rocks Brussels

Germany confronts a broken business model

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Spyware maker NSO hopes for a comeback

Mon, 12 Dec 2022 05:00:41 GMT

Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences, European oil companies are attracting US investors who view them as cheap compared to American energy stocks, and Pegasus spyware maker NSO Group is betting that victory by Benjamin Netanyahu will restore its fortunes.

Mentioned in this podcast:

UK oil and gas licensing faces legal challenge from environment groups

US fund managers cross Atlantic to buy European oil stocks

Israel’s NSO bets its future on Netanyahu’s comeback

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

FTC hits pause button on video game deal

Fri, 09 Dec 2022 05:00:16 GMT

The US Federal Trade Commission says it will sue to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard, and KLM’s chief executive has encouraged passengers to take the train rather than fly on some short-haul journeys. Plus, the FT’s John Paul Rathbone unpacks a military milestone in the Ukraine war.

Mentioned in this podcast:

FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard

KLM chief encourages passengers to take the train to cut emissions

Military briefing: Ukraine drone strikes show Russia it has ‘no safe zones’

Read a transcript of this episode on FT.com

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Political turmoil in Peru

Thu, 08 Dec 2022 05:00:00 GMT

The US bond market is signalling that investors expect the Federal Reserve to stay the course in its battle to tame inflation, Peru’s congress impeached the country’s president just after he announced he was dissolving the legislature, and German police made arrests related to an alleged rightwing plot to overthrow the government. Plus, US supply chain disruptions have eased, which is helping to bring down inflation.

Mentioned in this podcast:

Bond market signals bets Fed will stand firm in battle against inflation

Peru’s president dissolves congress ahead of planned impeachment vote

German police uncover alleged rightwing plot to overthrow government

US straightens out supply chains after months of inflationary snarls

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

China’s next stage of the pandemic

Wed, 07 Dec 2022 05:00:14 GMT

US stocks slid and the price of Brent crude touched its lowest level since January, and China’s elderly are causing challenges for president Xi Jinping.

Plus, the FT’s Alexandra Heal explains that more women in the UK are turning to sex work due to the struggling economy.

Mentioned in this podcast:

Brent crude oil falls below $80 for first time since January

China’s elderly vaccine refuseniks pose obstacle for Xi Jinping

The women turning to sex work to make ends meet

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Could the 4-day work week…work?

Tue, 06 Dec 2022 05:00:55 GMT

US stocks fell after new data showed the US services sector grew last month, PwC plans to take advantage of uncertainty at EY by poaching some of its rival’s most senior executives, and China is catching up to Europe in EV battery production. Plus, the FT’s Working It podcast host, Isabel Berwick, talks about a multi-part series on the four-day work week.

Mentioned in this podcast:

US stocks stumble after hotter than expected services data

PwC targets rival EY in bid to expand partnership

Working It podcast series: Four days work for five days pay

Read: The 4-day week: does it actually work?

Note: This episode incorrectly identifies Bank Benitez as the current chief executive of the company of Uncharted. He is the former chief executive.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The struggle is real for investors in the high-rate era

Mon, 05 Dec 2022 05:00:01 GMT

EU and US officials meet today to discuss the effect Washington’s green subsidies plan is having on Europe and Opec is standing pat as the cartel awaits a price cap on Russian oil to go into effect. Plus, the FT’s Katie Martin explains how fund managers are struggling in the new era of higher interest rates.

Mentioned in this podcast:

Von der Leyen promises EU help for companies lured by US green subsidies

Opec+ says ready to adjust oil output as Russia embargo looms

A year of pain: investors struggle in a new era of higher rates

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The corporate backlash against net zero

Fri, 02 Dec 2022 05:00:26 GMT

Brussels is pushing EU member states to agree to a $60 ceiling on global purchases of Russian oil and emerging market stocks and bonds are staging a strong rebound. Plus, a push by the UN to tighten corporate rules around net-zero pledges is sending shudders through some boardrooms, and the world’s largest active volcano, Hawaii’s Mauna Loa, erupted this week after lying dormant for nearly 40 years.

Mentioned in this podcast:

Brussels seeks deal on $60 global price cap for Russian oil

Emerging market stocks and bonds stage powerful rebound rally

Get ready for a net zero business backlash

Boon for scientists as world’s biggest active volcano roars back to life

USGS: Mauna Loa eruption

Read a transcript of this episode on FT.com

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Fed hints at less aggressive rate increase

Thu, 01 Dec 2022 05:00:06 GMT

Federal Reserve chair Jay Powell signalled the central bank will start to slow the pace of interest rate increases, French president Emanuel Emmanuel Macron is meeting with US president Joe Biden today, and Eurozone inflation finally slowed down. Plus, we get the latest on the fallout from the FTX crypto collapse.

Mentioned in this podcast:

Jay Powell signals Fed will slow pace of rate rises next month

Emmanuel Macron to use US visit to highlight Ukraine war’s economic toll on EU

Eurozone inflation falls more than expected to 10%

Crypto lender BlockFi files for Chapter 11 bankruptcy

Read a transcript of this episode on FT.com

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Private equity’s mystery boxes

Wed, 30 Nov 2022 05:00:56 GMT

China is enlisting the help of tech giants to reduce its dependence on foreign semiconductor technology, the Federal Reserve is divided over how much to raise interest rates, and private equity firms are selling an investment product similar to the collateralised debt obligations that fuelled the 2008 financial crisis.

Mentioned in this podcast:

Fed officials in danger of splitting on future rate rises, warn economists

China enlists Alibaba and Tencent in fight against US chip sanctions

Collateralised fund obligations: how private equity securitised itself

Alibaba founder Jack Ma living in Tokyo since China’s tech crackdown

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.