FT News Briefing

FT News Briefing

Financial Times

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See acast.com/privacy for more information.

Why Trump wants Ukraine’s minerals

Why Trump wants Ukraine’s minerals

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 warThe Ukrainian mineral riches in Donald Trump’s sightsBig Tech’s AI ambitions deliver funding b

Feb 19, • 10:43

China pumps the brakes on Tesla’s autonomous cars

China pumps the brakes on Tesla’s autonomous cars

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 UkraineSubscri

Feb 18, • 11:28

Say hello to the Magnificent 47

Say hello to the Magnificent 47

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 talksHedge fund Elliott shakes BP from its strategic slumpMagnificent 7? Try the Magnificent 47 for size

Feb 17, • 10:09

Trump ices Europe out of Ukraine peace plan

Trump ices Europe out of Ukraine peace plan

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 ambitionsEU to ease fiscal rules to boost defense spendingHow

Feb 15, • 13:30

Has meme-stock kid Robinhood grown up?

Has meme-stock kid Robinhood grown up?

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 projectShein IPO plans hit by Trump’s low-cost parcels crackdownHas meme-stock kid Robinho

Feb 14, • 10:15

Trump excludes Europe from Ukraine peace talks

Trump excludes Europe from Ukraine peace talks

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 RussiaUS inflation unexpectedly increases to 3% in JanuaryChinese chip champion’s ‘snowballing’ growth threatens Korean dominanceThe FT News Briefing is pro

Feb 13, • 9:51

Elon Musk gatecrashes OpenAI restructuring

Elon Musk gatecrashes OpenAI restructuring

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 DeepSeekWorld’s largest EV battery maker files for Hong Kong listingElon Musk gatecrashes OpenAI restructuringElon Musk-led consortium offe

Feb 12, • 10:05

Hizbollah’s murky path forward

Hizbollah’s murky path forward

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 auditWhat happened when Donald Trump imposed steel t

Feb 11, • 10:54

US dealmaking slides in 2025

US dealmaking slides in 2025

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 goodsUS dealmaking suffer

Feb 10, • 11:14

Swamp Notes: How far can Doge go?

Swamp Notes: How far can Doge go?

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 dataSign up for the FT’s Swamp Notes newsletter hereSwamp Not

Feb 8, • 11:26

How to trade the trade war

How to trade the trade war

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 warStock vigilantes might have to work harder to tame TrumpBank of England halves growth forecast and

Feb 7, • 12:08

EU pushes ahead with sprawling AI regulation

EU pushes ahead with sprawling AI regulation

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 GazaTrump’s crackdown on trade loophole to hit Shein and Temu — and help AmazonDisney boo

Feb 6, • 9:58

US companies endure tariff whiplash

US companies endure tariff whiplash

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 estimatesChina targets Google, Nvidia and Intel as Trump tariffs biteChina hits back with

Feb 5, • 10:38

Commercial real estate crawls back

Commercial real estate crawls back

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 dealInvestors choose flats and hotels over offices

Feb 4, • 10:42

The Trump trade war begins

The Trump trade war begins

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 protectionismTrump tariffs spark panic and anger in Canada and MexicoEU opens door to UK and Norway fo

Feb 3, • 11:39

Swamp Notes: Trump redefines America’s global role

Swamp Notes: Trump redefines America’s global role

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 crisisUS officials push to exempt U

Feb 1, • 14:51

SoftBank wants a piece of the AI pie

SoftBank wants a piece of the AI pie

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 stallSoftBank in talks to invest up to $25bn in Open

Jan 31, • 12:47

The Fed ignores Trump’s calls to cut rates

The Fed ignores Trump’s calls to cut rates

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 reparationsLast men standing: the short sellers who remain after Hindenburg’s exitThe FT Ne

Jan 30, • 10:38

Inside the Trump tariff debate

Inside the Trump tariff debate

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 IEAScott Bessent pushes gradual 2.5% universal tariffs plan&nb

Jan 29, • 10:49

China’s DeepSeek AI triggers tech sell-off

China’s DeepSeek AI triggers tech sell-off

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 ‘

Jan 28, • 10:50

Can US oil afford to ‘drill, baby, drill’?

Can US oil afford to ‘drill, baby, drill’?

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

Jan 27, • 10:46

Swamp Notes: Donald Trump’s ‘vendetta agenda’

Swamp Notes: Donald Trump’s ‘vendetta agenda’

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 shap

Jan 25, • 15:02

Trump steers the world toward a tax war

Trump steers the world toward a tax war

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 an

Jan 24, • 12:42

Trump halts $300bn in clean energy loans

Trump halts $300bn in clean energy loans

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 payoutsDonald Trump halts m

Jan 23, • 12:07

Markets brace for Trump-era volatility

Markets brace for Trump-era volatility

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 By

Jan 22, • 10:23

Apple is accused of profiting from 'blood minerals'

Apple is accused of profiting from 'blood minerals'

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 democracyApple hit by Belgian probe over ‘blood minerals’ in CongoToyota rethinks its bet on hydrogen Dollar tumbles as Trump shies away from trade tariffs This episode of the FT News Briefing was produced by

Jan 21, • 14:10

Trump returns to the White House

Trump returns to the White House

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 equ

Jan 20, • 11:35

Swamp Notes: Corporate America goes Maga

Swamp Notes: Corporate America goes Maga

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 ZuckerbergSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is pro

Jan 18, • 15:25

Can Hollywood bounce back?

Can Hollywood bounce back?

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 sp

Jan 17, • 11:27

Israel and Hamas agree ceasefire

Israel and Hamas agree ceasefire

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 boomWall Street stocks post biggest rally since Donald Trump’s election victory&n

Jan 16, • 10:20

Why China wants Musk to save TikTok

Why China wants Musk to save TikTok

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 oilChina discussing using Elon Musk as broker in TikTok dealKPMG readies challen

Jan 15, • 11:40

A power shift in Lebanon

A power shift in Lebanon

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 ministerChina’s trade surplus hits annual record of almost $1tnAmazon races to transplant Ale

Jan 14, • 11:16

Venezuela’s leader starts another disputed term

Venezuela’s leader starts another disputed term

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 USVenezuelan 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 benef

Jan 13, • 11:11

Swamp Notes: Greenland, USA

Swamp Notes: Greenland, USA

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 GreenlandTrump, Greenland and the rebirth of the Monr

Jan 11, • 14:35

Bond vigilantes target government spending

Bond vigilantes target government spending

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’

Jan 10, • 11:35

Crunch time for Citi

Crunch time for Citi

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

Jan 9, • 11:53

Canadian politics post-Trudeau

Canadian politics post-Trudeau

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 re

Jan 8, • 10:13

China’s central bank overhaul

China’s central bank overhaul

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 resignationGerman solar sector in distress as glut of panels heaps pressure on industry China

Jan 7, • 10:43

What’s next for US Steel?

What’s next for US Steel?

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

Jan 6, • 11:02

Swamp Notes: Where does Musk fit in Maga?

Swamp Notes: Where does Musk fit in Maga?

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 Democrat

Jan 4, • 12:32

Climate change is coming for your Bordeaux

Climate change is coming for your Bordeaux

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 s

Jan 3, • 11:37

Activist investors give Japan a wake-up call

Activist investors give Japan a wake-up call

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 Activi

Jan 2, • 12:11

Biden’s departing gift to Ukraine

Biden’s departing gift to Ukraine

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 gainsUS to send Ukr

Dec 31, 2024 • 12:19

Should banks foot the bill for cyber scams?

Should banks foot the bill for cyber scams?

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 c

Dec 30, 2024 • 11:48

Swamp Notes: Listener mailbag, the election and 2025

Swamp Notes: Listener mailbag, the election and 2025

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’ planHow ‘the mother of all bubbles’ will popSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is pr

Dec 21, 2024 • 14:23

Why Microsoft needs nuclear energy

Why Microsoft needs nuclear energy

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 IslandThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Huts

Dec 20, 2024 • 10:36

What 2024 taught central bankers

What 2024 taught central bankers

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 2024US Supreme Court to hear arguments challenging law t

Dec 19, 2024 • 10:12

Javier Milei scores Argentina economy win

Javier Milei scores Argentina economy win

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 milesto

Dec 18, 2024 • 9:58

AI investors look beyond chips

AI investors look beyond chips

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 Kurd

Dec 17, 2024 • 11:10

Arm and Qualcomm head to court

Arm and Qualcomm head to court

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 itWall Street’s complex d

Dec 16, 2024 • 11:12

Swamp Notes: Europe in the age of America First

Swamp Notes: Europe in the age of America First

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 MercosurEU commissioner pitches ‘Europe first’ in response to Dona

Dec 14, 2024 • 15:39

The dangers of investor groupthink

The dangers of investor groupthink

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 KongDonald Trump election win sparks trading

Dec 13, 2024 • 13:04

Microsoft bets on AI healthcare

Microsoft bets on AI healthcare

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 spe

Dec 12, 2024 • 13:01

Can big oil escape the ‘valley of death’?

Can big oil escape the ‘valley of death’?

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

Dec 11, 2024 • 10:40

Vanguard doubles down on wealth management

Vanguard doubles down on wealth management

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 mana

Dec 10, 2024 • 11:39

Syrian rebels topple Assad regime

Syrian rebels topple Assad regime

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

Dec 9, 2024 • 10:36

The geopolitics of chips: Chips in the USA

The geopolitics of chips: Chips in the USA

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 Wh

Dec 8, 2024 • 27:08

Swamp Notes: America’s first ‘Bitcoin president’

Swamp Notes: America’s first ‘Bitcoin president’

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 TrumpB

Dec 7, 2024 • 16:53

The never-ending Trump effect on US stocks

The never-ending Trump effect on US stocks

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 H

Dec 6, 2024 • 12:16

UK uncovers criminal crypto network

UK uncovers criminal crypto network

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

Dec 5, 2024 • 12:29

French prime minister faces no-confidence vote

French prime minister faces no-confidence vote

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 ‘

Dec 4, 2024 • 12:34

OpenAI explores advertising

OpenAI explores advertising

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 crisisWhy Stellantis’ chief executive Carlos Tavares was axedOpenAI explores advertising as it steps up revenue dri

Dec 3, 2024 • 10:37

Where does the ceasefire leave Hizbollah?

Where does the ceasefire leave Hizbollah?

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

Dec 2, 2024 • 11:35

The Economics Show: Would Trump’s tariffs really be that bad?

The Economics Show: Would Trump’s tariffs really be that bad?

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

Dec 1, 2024 • 33:12

France’s bond market sell-off

France’s bond market sell-off

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 electionHong Kong plans crypto tax break for hedge funds and billionaire familiesVladimir Putin threatens to turn Kyiv targets ‘to dust’French bond yields surpass Greece’s for first time as budget worries swirlThe FT News Briefing is produced by Mischa Fra

Nov 29, 2024 • 11:21

Canal+’s blockbuster London listing

Canal+’s blockbuster London listing

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 ambitionsThe FT News Briefing is produce

Nov 28, 2024 • 10:35

Ceasefire deal reached in Israel-Lebanon war

Ceasefire deal reached in Israel-Lebanon war

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 aim

Nov 27, 2024 • 10:26

Kennedy injects uncertainty into big pharma

Kennedy injects uncertainty into big pharma

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:U

Nov 26, 2024 • 10:33

Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick

Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick

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 Tru

Nov 25, 2024 • 11:30

The Economics Show: What does a Trump presidency mean for immigration?

The Economics Show: What does a Trump presidency mean for immigration?

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, Spoti

Nov 24, 2024 • 30:49

Swamp Notes: Anthony Scaramucci unpacks Trump’s cabinet

Swamp Notes: Anthony Scaramucci unpacks Trump’s cabinet

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 Besse

Nov 23, 2024 • 18:38

US hits Gautam Adani with bribery charges

US hits Gautam Adani with bribery charges

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

Nov 22, 2024 • 12:17

UK inflation creeps back

UK inflation creeps back

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,

Nov 21, 2024 • 11:01

Ukraine strikes Russia with US missiles

Ukraine strikes Russia with US missiles

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 ETFUkraine strikes Russia with US-made long-range missiles for

Nov 20, 2024 • 10:53

US business raises alarm over Trump’s deportation plan

US business raises alarm over Trump’s deportation plan

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 Do

Nov 19, 2024 • 10:03

The US dollar surges

The US dollar surges

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 wi

Nov 18, 2024 • 11:57

Behind the Money: Wall Street, tech and energy during Trump’s second term

Behind the Money: Wall Street, tech and energy during Trump’s second term

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.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Can the renewabl

Nov 17, 2024 • 21:24

Swamp Notes: How can Democrats rebuild?

Swamp Notes: How can Democrats rebuild?

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 l

Nov 16, 2024 • 15:48

Crypto’s Trump card

Crypto’s Trump card

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 dominanceBitcoi

Nov 15, 2024 • 11:32

Trump’s cabinet takes shape

Trump’s cabinet takes shape

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-generalDonald T

Nov 14, 2024 • 10:08

Ukraine’s plan to win over Trump

Ukraine’s plan to win over Trump

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’ sentencingUkraine seeks to win over Trump with natural resources and troop prop

Nov 13, 2024 • 11:21

Elon Musk goes to Washington

Elon Musk goes to Washington

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 offHow Thames Water became a battleground for hedge fundsETF flows smash full year recordThe FT News Briefing is produced by Niamh Rowe, Fiona Sy

Nov 12, 2024 • 10:46

China’s $1.4tn fiscal package fails to excite

China’s $1.4tn fiscal package fails to excite

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 Ch

Nov 11, 2024 • 11:11

Swamp Notes: Trumponomics 2.0

Swamp Notes: Trumponomics 2.0

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. Me

Nov 9, 2024 • 20:05

The highs and lows of the ‘Trump trade’

The highs and lows of the ‘Trump trade’

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 cautionFederal Reserve cuts interest rates for sec

Nov 8, 2024 • 9:51

Trump’s second chapter begins

Trump’s second chapter begins

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 Tru

Nov 7, 2024 • 10:17

How election day unfolded in the US

How election day unfolded in the US

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 electionDonald Trump and Kamala Harris spend $3.5bn in most expensive presidential electionGerman vice-chan

Nov 6, 2024 • 11:02

What to expect on US election night

What to expect on US election night

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 leader

Nov 5, 2024 • 11:22

The $250bn in corporate taxes riding on US election

The $250bn in corporate taxes riding on US election

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 stak

Nov 4, 2024 • 11:24

Swamp Notes: Why the polls aren’t budging

Swamp Notes: Why the polls aren’t budging

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 te

Nov 2, 2024 • 16:03

UK Budget spooks bond markets

UK Budget spooks bond markets

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

Nov 1, 2024 • 9:20

UK Labour’s Budget borrows big, taxes more

UK Labour’s Budget borrows big, taxes more

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 i

Oct 31, 2024 • 13:15

Arm enters the AI race

Arm enters the AI race

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 growthIsraeli parliament passes law banning UN Palestinian refugee agency US

Oct 30, 2024 • 11:33

Boeing races to avoid credit downgrade

Boeing races to avoid credit downgrade

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

Oct 29, 2024 • 10:19

Georgia’s disputed election

Georgia’s disputed election

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 I

Oct 28, 2024 • 10:42

Swamp Notes LIVE: A look back at the economy and the election

Swamp Notes LIVE: A look back at the economy and the election

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

Oct 26, 2024 • 32:43

Will Russia lead on an alternative to the dollar?

Will Russia lead on an alternative to the dollar?

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 The FT News Br

Oct 25, 2024 • 9:27

AI that can control your computer

AI that can control your computer

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 weeksUS rolls out ‘open banking’ rules to make shari

Oct 24, 2024 • 10:33

HSBC’s east-west split

HSBC’s east-west split

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 Elh

Oct 23, 2024 • 11:00

Three big economic ideas that explain the US election

Three big economic ideas that explain the US election

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 LebanonDisney sets new timetable to replace Bob Iger a

Oct 22, 2024 • 10:47

Uber’s drive for ‘super app’ status

Uber’s drive for ‘super app’ status

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 regis

Oct 21, 2024 • 11:13

Swamp Notes: Election denialism is still in style

Swamp Notes: Election denialism is still in style

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

Oct 19, 2024 • 16:05

Chipmakers send tech shares yo-yoing

Chipmakers send tech shares yo-yoing

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&nb

Oct 18, 2024 • 11:11

Israel accused of implementing ‘starvation plan’ in Gaza

Israel accused of implementing ‘starvation plan’ in Gaza

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 exp

Oct 17, 2024 • 10:35

Private credit’s growing ‘IOU’ habit

Private credit’s growing ‘IOU’ habit

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 warni

Oct 16, 2024 • 10:15

Pressure builds on Beijing to boost economy

Pressure builds on Beijing to boost economy

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

Oct 15, 2024 • 11:15

US banks ride ‘soft landing’ high

US banks ride ‘soft landing’ high

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 flee

Oct 14, 2024 • 11:24

Swamp Notes: Will Republicans take back the Senate?

Swamp Notes: Will Republicans take back the Senate?

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. Men

Oct 12, 2024 • 14:49

Japanese PM’s uphill battle to win back voters

Japanese PM’s uphill battle to win back voters

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 budgetUS inflation fell to 2.4% in SeptemberHurricane Milton leaves millions without power after lashing FloridaJapan’s new prime minister pl

Oct 11, 2024 • 11:35

US considers breaking up Google

US considers breaking up Google

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 caseJenrick vs Badenoch: Meet the next Conservative leader Germany expects economy to shrink in 2024 after

Oct 10, 2024 • 10:20

India’s belated oil rush

India’s belated oil rush

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 Hungar

Oct 9, 2024 • 10:51

Strikes threaten Boeing’s bottom line

Strikes threaten Boeing’s bottom line

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

Oct 8, 2024 • 11:19

Israel marks one year after October 7

Israel marks one year after October 7

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 t

Oct 7, 2024 • 11:45

Swamp Notes: How the Middle East conflict is shaping the election

Swamp Notes: How the Middle East conflict is shaping the election

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.  Mentioned in this podcast:Israel and Iran have just delivered the US election’s ‘October s

Oct 5, 2024 • 13:40

Markets keep calm despite global tensions

Markets keep calm despite global tensions

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 portsItaly seeks to raise more windfall taxes from companies The market reaction to global tensions

Oct 4, 2024 • 11:27

Displacement pushes Lebanon to the brink

Displacement pushes Lebanon to the brink

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 transitionEU moves to delay anti-deforestation rules Le

Oct 3, 2024 • 12:00

A day of escalation in the Middle East

A day of escalation in the Middle East

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 Barn

Oct 2, 2024 • 9:26

AI start-ups generate revenue at record pace

AI start-ups generate revenue at record pace

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

Oct 1, 2024 • 11:13

Hizbollah reels after the death of its leader

Hizbollah reels after the death of its leader

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&nbs

Sep 30, 2024 • 11:10

Swamp Notes: Harris and Trump pitch their economic visions

Swamp Notes: Harris and Trump pitch their economic visions

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 economyKamala Harris sets out pro-busine

Sep 28, 2024 • 15:23

How extremist settlers in the West Bank became the law

How extremist settlers in the West Bank became the law

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 foreignersSaudi

Sep 27, 2024 • 12:20

Banks warm up to nuclear power

Banks warm up to nuclear power

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

Sep 26, 2024 • 9:57

China unleashes stimulus blitz

China unleashes stimulus blitz

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 growthTrafigura set to name Richard Holtum as chief

Sep 25, 2024 • 10:30

A hostile takeover looms in European banking

A hostile takeover looms in European banking

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

Sep 24, 2024 • 9:59

Looming US port strikes threaten supply chain

Looming US port strikes threaten supply chain

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 o

Sep 23, 2024 • 10:28

Swamp Notes: Misinformation as a campaign strategy

Swamp Notes: Misinformation as a campaign strategy

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 c

Sep 21, 2024 • 14:34

Europe’s battery darling runs out of juice

Europe’s battery darling runs out of juice

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 survivalBank of England holds rates at 5% The fury of the frequent flyer  The FT News Bri

Sep 20, 2024 • 11:37

The Fed’s first rate cut in 4 years

The Fed’s first rate cut in 4 years

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 fallFrom Taipei to Budapest: th

Sep 19, 2024 • 10:02

Solar energy’s moment in the sun

Solar energy’s moment in the sun

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

Sep 18, 2024 • 9:44

OpenAI launches its next generation of tools

OpenAI launches its next generation of tools

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

Sep 17, 2024 • 11:50

China’s start-up winter is here

China’s start-up winter is here

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 weekHow China has ‘throttled’ its private sectorIndonesia warns of ‘chaos’ from EU deforestation law  The FT News Briefing is produc

Sep 16, 2024 • 11:21

Swamp Notes: Harris and Trump meet on the debate stage

Swamp Notes: Harris and Trump meet on the debate stage

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 testKa

Sep 14, 2024 • 1:00:38

Abu Dhabi bids for Germany’s industrial jewel

Abu Dhabi bids for Germany’s industrial jewel

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 reces

Sep 13, 2024 • 12:39

UniCredit eyes a new era in European banking

UniCredit eyes a new era in European banking

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 AugustUniCredit’s push for European bank consolidation looks on targetJavier Milei’s tax amnesty lures Argentines to declare hidd

Sep 12, 2024 • 10:38

The EU’s €13bn bite into Apple

The EU’s €13bn bite into Apple

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 taxesFederal Reserve halves proposed capital requirement rise for largest US banks  Taliban’s closer ties with UAE signal global divide over Afgh

Sep 11, 2024 • 11:47

France’s looming deadline

France’s looming deadline

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 planKamala Harris faces crucial debate as polls

Sep 10, 2024 • 12:16

Tesla’s EVs stall in China

Tesla’s EVs stall in China

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 sho

Sep 9, 2024 • 10:25

Swamp Notes: How protectionism got trendy

Swamp Notes: How protectionism got trendy

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 Am

Sep 7, 2024 • 12:56

France finally gets a new PM

France finally gets a new PM

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’

Sep 6, 2024 • 11:55

Volkswagen’s dire warning

Volkswagen’s dire warning

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 r

Sep 5, 2024 • 11:56

The glitch in China’s AI plans

The glitch in China’s AI plans

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 slowdo

Sep 4, 2024 • 10:33

Who audits the auditors?

Who audits the auditors?

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 LinkThe Covid-era tech that could reinvent cancer careAccountancy firms fight back against audit

Sep 3, 2024 • 10:39

Germany’s far-right AfD makes history

Germany’s far-right AfD makes history

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 electionHostage deaths build pressure on Netanyahu for Hamas dealGreedflation and groceriesHong Kong service workers told to smile more to attract tourists The FT News Briefing is produced

Sep 2, 2024 • 13:30

Swamp Notes: Is mainstream media old news for Harris and Trump?

Swamp Notes: Is mainstream media old news for Harris and Trump?

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 mapSign up for the FT’s Swamp

Aug 31, 2024 • 14:05

The ABCs of CBDCs

The ABCs of CBDCs

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 awayWar unfiltered: how Telegram straddles the Ukraine fron tl

Aug 30, 2024 • 11:48

Ford loses its grip on the wheel

Ford loses its grip on the wheel

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 strongChina’s international use of renminbi surges to record highs Warren Buffett’s Berkshire Ha

Aug 29, 2024 • 10:24

The US-China ‘cat and mouse game’

The US-China ‘cat and mouse game’

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 pod

Aug 28, 2024 • 11:48

Telegram CEO arrest reignites free speech debate

Telegram CEO arrest reignites free speech debate

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 paymentsTe

Aug 27, 2024 • 11:33

Money surges into the Harris campaign

Money surges into the Harris campaign

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 recor

Aug 26, 2024 • 11:54

Swamp Notes: Democrats find a feeling at the DNC

Swamp Notes: Democrats find a feeling at the DNC

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

Aug 24, 2024 • 18:22

A soft landing at Jackson Hole

A soft landing at Jackson Hole

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

Aug 23, 2024 • 12:02

Japan opens for (foreign) business

Japan opens for (foreign) business

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 themAfter 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

Aug 22, 2024 • 11:30

Saudi Arabia is keeping it in the kingdom

Saudi Arabia is keeping it in the kingdom

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 teeteringSaudi wealth fund brings era of easy money to an endThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Fil

Aug 21, 2024 • 11:06

Kamalanomics goes on defence

Kamalanomics goes on defence

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 techThe FT News Briefing is produced by Fiona Sym

Aug 20, 2024 • 11:04

The Democratic convention kicks off in Chicago

The Democratic convention kicks off in Chicago

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 WorldGlobal fashion brands cut Bangladesh orders after turmoilStart-up failures jump by 60% as founders face hangover from boom years The Democratic National Con

Aug 19, 2024 • 12:12

Swamp Notes: Why more Latinos are voting Republican

Swamp Notes: Why more Latinos are voting Republican

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 electionSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor an

Aug 17, 2024 • 15:56

Bonds are back, baby!

Bonds are back, baby!

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 marketsS

Aug 16, 2024 • 11:23

US inflation hits lowest rate in 3 years

US inflation hits lowest rate in 3 years

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 JulyUkrainian forces seek to hold Russian positions after capturing hundreds of troopsThe competing theories of the Nor

Aug 15, 2024 • 10:37

Are companies bailing on fossil fuels or doubling down?

Are companies bailing on fossil fuels or doubling down?

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 rallyCan Sweden deliver its much hyped green energy boom?‘Cash is king’: Why Glencore kept faith with coalThe F

Aug 14, 2024 • 11:25

Delays hit Biden’s signature manufacturing laws

Delays hit Biden’s signature manufacturing laws

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 missilesChina deflation fears ease as consum

Aug 13, 2024 • 10:58

Western companies hit by Muslim country boycotts

Western companies hit by Muslim country boycotts

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 brandsUS accounting

Aug 12, 2024 • 11:13

Swamp Notes: Another brick in the (blue) Walz

Swamp Notes: Another brick in the (blue) Walz

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 c

Aug 10, 2024 • 15:22

US consumers start pinching pennies

US consumers start pinching pennies

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

Aug 9, 2024 • 11:28

Google and Meta’s secret deal

Google and Meta’s secret deal

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,

Aug 8, 2024 • 10:35

Can athletics vault into profitability?

Can athletics vault into profitability?

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

Aug 7, 2024 • 11:45

Stock indices get a case of the Mondays

Stock indices get a case of the Mondays

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

Aug 6, 2024 • 10:01

UK leaders court US investors

UK leaders court US investors

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 YorkEU capitals set to back tariffs on Chinese electric cars, trade chief saysCommodity bulls’ d

Aug 5, 2024 • 9:31

Swamp Notes: The Three Party Problem

Swamp Notes: The Three Party Problem

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 presidentRobert Kennedy Jr

Aug 3, 2024 • 12:57

A historic prisoner swap

A historic prisoner swap

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 narrowA momentous week for central banks US journalist Evan Gershkovich released in Russia prisoner swap The FT News Briefing is produced by Fiona Symon, Sonja

Aug 2, 2024 • 10:33

Tensions escalate between Iran and Israel

Tensions escalate between Iran and Israel

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

Aug 1, 2024 • 11:19

Miami: a rare bright spot in US office real estate

Miami: a rare bright spot in US office real estate

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 highPakistan’s banks enjoy soaring profits

Jul 31, 2024 • 11:21

The EU’s trade plan for a potential second Trump term

The EU’s trade plan for a potential second Trump term

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 v

Jul 30, 2024 • 10:04

Big Tech’s Big Stumble

Big Tech’s Big Stumble

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 fallBoE rate decision hangs on a knife edge as divided policymakers prepare to meetHizbollah drone footage highlights Israeli security vulnerabilitiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Ka

Jul 29, 2024 • 10:47

Swamp Notes: Should Kamala Harris embrace identity politics?

Swamp Notes: Should Kamala Harris embrace identity politics?

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 votersHarris vs. Trump: America’s sudd

Jul 27, 2024 • 15:18

How the Olympics could reshape Paris

How the Olympics could reshape Paris

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

Jul 26, 2024 • 11:48

Are Indian investors sitting on a bubble?

Are Indian investors sitting on a bubble?

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 inv

Jul 25, 2024 • 12:33

Investors roll the dice on prediction markets

Investors roll the dice on prediction markets

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 slowPrediction markets tipped for new growth as US trader interest mounts US Secret Service head resigns over Donald Trump assassinati

Jul 24, 2024 • 10:44

Kamala Harris takes the stage

Kamala Harris takes the stage

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 cris

Jul 23, 2024 • 11:09

Joe Biden drops out of US presidential race

Joe Biden drops out of US presidential race

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 HarrisLabour’s moment to blame, borrow and taxIndia’s Narendra Modi faces budge

Jul 22, 2024 • 11:24

Swamp Notes: Trump pushes unity at Republican National Convention

Swamp Notes: Trump pushes unity at Republican National Convention

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.  Mentioned in this podcast:Donald Trump pledges tax cuts, trade wars and border crackdownJD

Jul 20, 2024 • 17:15

Trump accepts the Republican nomination

Trump accepts the Republican nomination

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 NewsMentioned in this podcast:Donald Trump recounts near death by gunman in speech to Republican conventionCan HSBC’s

Jul 19, 2024 • 11:18

Viktor Orbán’s world tour irks the EU

Viktor Orbán’s world tour irks the EU

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 recogn

Jul 18, 2024 • 11:42

Nigeria gambles with economic shock therapy

Nigeria gambles with economic shock therapy

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 SpeechWill shock therapy revive Nigeria’s economy — or sink it further? Morgan Stanley’s wealth business stumbles even as profits j

Jul 17, 2024 • 11:06

Trump’s JD Vance strategy

Trump’s JD Vance strategy

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 TrumpHow the US’s $230mn Gaza pier became a ‘colos

Jul 16, 2024 • 9:32

What’s next after Trump assassination attempt

What’s next after Trump assassination attempt

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 attemptDonald Trump injured in attempted assassination at Pennsylvania rallyHousebuilders warn construction lag could weigh o

Jul 15, 2024 • 12:37

Swamp Notes: Conservatives have big plans for the judicial branch

Swamp Notes: Conservatives have big plans for the judicial branch

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 conservati

Jul 13, 2024 • 15:29

Double-edged sword of deregulation

Double-edged sword of deregulation

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/FTsurvey2024Survey terms & conditions: http://w

Jul 12, 2024 • 11:45

Investors serve, can women’s tennis volley?

Investors serve, can women’s tennis volley?

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 wome

Jul 11, 2024 • 11:11

Iran’s reformist(ish) future

Iran’s reformist(ish) future

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 laun

Jul 10, 2024 • 10:43

Nike’s new game plan

Nike’s new game plan

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 S

Jul 9, 2024 • 11:55

The leftwing stuns France

The leftwing stuns France

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, AFPMentioned in this podcast:Leftwing surge thwarts far right in French election, polls suggestUK stands out

Jul 8, 2024 • 12:22

Labour wins UK election by a landslide

Labour wins UK election by a landslide

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 liveViktor Orbán to meet Vladimir Putin after Kyiv tripThe 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 Panw

Jul 5, 2024 • 13:05

Robo DJ: YouTube invests in AI-generated music

Robo DJ: YouTube invests in AI-generated music

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

Jul 4, 2024 • 11:08

Denmark’s cow tax is more than just hot air

Denmark’s cow tax is more than just hot air

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 notorio

Jul 3, 2024 • 10:54

Unpacking the US Supreme Court Trump immunity ruling

Unpacking the US Supreme Court Trump immunity ruling

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 presidentAmazon’s inte

Jul 2, 2024 • 10:17

First round victory for French far-right

First round victory for French far-right

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 clientsMorgan Stanley to join Goldman and JPMorgan in scrapping UK bonus ca

Jul 1, 2024 • 8:59

Martin Wolf on democracy’s year of peril

Martin Wolf on democracy’s year of peril

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 hi

Jun 30, 2024 • 35:57

Swamp Notes: After the debate, is this it for Biden?

Swamp Notes: After the debate, is this it for Biden?

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 NewsMentioned in this podcast:Democrats panic a

Jun 29, 2024 • 12:29

A final goodbye to EY’s Project Everest?

A final goodbye to EY’s Project Everest?

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&n

Jun 28, 2024 • 10:39

Protests push Kenya to abandon tax rises

Protests push Kenya to abandon tax rises

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 sanctio

Jun 27, 2024 • 11:33

Brussels strikes back against Big Tech

Brussels strikes back against Big Tech

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 $5bnClean tech investment set to hit $2tn in 2024 EU

Jun 26, 2024 • 11:59

UK’s wealthy foreigners look for the exits

UK’s wealthy foreigners look for the exits

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 th

Jun 25, 2024 • 11:00

India’s AI boom

India’s AI boom

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

Jun 24, 2024 • 10:39

Martin Wolf and Fiona Hill on democracy’s year of peril

Martin Wolf and Fiona Hill on democracy’s year of peril

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 P

Jun 23, 2024 • 33:12

Swamp Notes: Biden’s climate agenda runs out of steam

Swamp Notes: Biden’s climate agenda runs out of steam

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. Mentioned in this podcast:How Joe Biden’s climate push fell flat with Gen Z votersWhy Americans are not buying more EVsSi

Jun 22, 2024 • 14:36

The shifting tectonic plates of UK politics

The shifting tectonic plates of UK politics

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 wipeoutWhy we can’t be sure of the size of the Lab

Jun 21, 2024 • 11:55

Bank robberies in Gaza

Bank robberies in Gaza

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 GazaThis 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,

Jun 20, 2024 • 11:03

Nvidia claims top spot

Nvidia claims top spot

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 companyApple supplier TDK claims solid-state battery breakthroughBehind the Mone

Jun 19, 2024 • 11:45

Mr OpenAI goes to Washington

Mr OpenAI goes to Washington

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 policiesOpenAI expands lobbying team to influence regulationBill Gross seeks to set record by selling stamp collection for up to $20mnThe FT News Briefing is produced by Fiona Sy

Jun 18, 2024 • 11:22

Defence sector goes on a hiring spree

Defence sector goes on a hiring spree

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 marketFrontier emerging markets lure investors back with high yieldsG7 th

Jun 17, 2024 • 11:20

Martin Wolf and Raghuram Rajan on democracy’s year of peril

Martin Wolf and Raghuram Rajan on democracy’s year of peril

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,

Jun 16, 2024 • 42:47

Swamp Notes: Elections across the Atlantic

Swamp Notes: Elections across the Atlantic

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 bri

Jun 15, 2024 • 13:50

The target painted on Chinese EVs

The target painted on Chinese EVs

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 scandalWhat the EU’s tariffs on electric vehicles mean for ChinaKeir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launchThe FT News B

Jun 14, 2024 • 11:26

Fed lays out rate cut plans

Fed lays out rate cut plans

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 2024Silicon Valley in uproar over Californian AI safety billUS inflation falls to 3.3% in May in boost to mar

Jun 13, 2024 • 8:57

Central banks are scooping up the US dollar

Central banks are scooping up the US dollar

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

Jun 12, 2024 • 11:12

Can Apple catch up in the AI race?

Can Apple catch up in the AI race?

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 systemPrivate equity groups poised to own one in three top US accounting firmsE

Jun 11, 2024 • 10:55

Far right makes big gains in Europe

Far right makes big gains in Europe

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 electionsInvestors pull cash from ESG funds as performanc

Jun 10, 2024 • 11:31

Martin Wolf and Anne Applebaum on democracy’s year of peril

Martin Wolf and Anne Applebaum on democracy’s year of peril

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 sei

Jun 9, 2024 • 36:09

Swamp Notes: Silicon Valley warms to Trump

Swamp Notes: Silicon Valley warms to Trump

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 ValleySilicon Valley elite warms to Donald TrumpBiden camp hits out at Elon Musk and ‘s

Jun 8, 2024 • 13:23

The European Central Bank’s cautious first step

The European Central Bank’s cautious first step

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 yearsA cautious revival of the London IPO marketUkraine ready for EU membership talks, Brussels saysThe FT News Briefing i

Jun 7, 2024 • 11:05

The split road for South Africa

The split road for South Africa

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 i

Jun 6, 2024 • 11:51

Opec+’s production conundrum

Opec+’s production conundrum

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 reportNarendra Modi set to lose parl

Jun 5, 2024 • 9:18

Investors to delivery apps: where’s my profit?

Investors to delivery apps: where’s my profit?

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 dine

Jun 4, 2024 • 10:50

Russia-China pipeline deal stalls

Russia-China pipeline deal stalls

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 demandsInternal divisions linger at OpenAI after November’s attempted coupTesla’s many inte

Jun 3, 2024 • 9:59

Martin Wolf and Robert Kagan on democracy’s year of peril

Martin Wolf and Robert Kagan on democracy’s year of peril

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

Jun 2, 2024 • 44:59

Swamp Notes: The Trump verdict is in

Swamp Notes: The Trump verdict is in

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 cou

Jun 1, 2024 • 14:04

Donald Trump guilty on all counts

Donald Trump guilty on all counts

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’ trialSaudi Arabia to sell $12bn worth of Aramco sharesWhy the European oil megamerger has not gushed forthThe FT News Briefing is pro

May 31, 2024 • 10:56

Private equity now says sharing is caring

Private equity now says sharing is caring

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 flankIsrael’s borrowing spree reaches Palm Beach as US municipalities pile inBHP’s £39bn pursui

May 30, 2024 • 11:13

A pivotal election for South Africa

A pivotal election for South Africa

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 gameGeorgia adopts Russian-inspired ‘foreign agents’ lawTech Tonic podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional

May 29, 2024 • 11:54

Behind the Money: Berkshire after Buffett

Behind the Money: Berkshire after Buffett

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 podcastBerkshire after Buffett: prized en

May 28, 2024 • 10:39

The ECB readies for rate cuts

The ECB readies for rate cuts

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 economistBlow to $53bn Chevron-Hess deal as investors

May 27, 2024 • 10:57

Swamp Notes: Can you trust the polls?

Swamp Notes: Can you trust the polls?

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 findsFT-Michigan

May 25, 2024 • 14:11

Ukraine’s ‘Rosie the Riveter’ moment

Ukraine’s ‘Rosie the Riveter’ moment

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 TribeUkrainian women wanted in factories as men drafted into armyHow large might Labour’s ‘dullness div

May 24, 2024 • 11:21

Sunak’s early election gamble

Sunak’s early election gamble

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 Sun

May 23, 2024 • 9:37

PwC’s Evergrande audit comes back to bite

PwC’s Evergrande audit comes back to bite

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 sourPwC partners brace for Chinese punishment over Evergrande auditTraders brace for big swings in Nvidia sharesEU trade deficit with China

May 22, 2024 • 11:52

ICC weighs stepping into Gaza conflict

ICC weighs stepping into Gaza conflict

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 podcastA crushing blow for Israel and a massive gamble by

May 21, 2024 • 11:49

Niger’s first oil exports

Niger’s first oil exports

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 crashesBorder dispute hinders Niger’s China-built oil pipelineRussia has stopped UN from monitoring North Korea sanctions. Who is watching Kim?The FT News Briefing is produced by

May 20, 2024 • 11:16

FTNB Live! News Trivia at FT Weekend Fest

FTNB Live! News Trivia at FT Weekend Fest

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? 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

May 19, 2024 • 20:25

Swamp Notes: Trading tariffs for votes

Swamp Notes: Trading tariffs for votes

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 matterJoe Biden and Donald Trump battle to prove who can be toughest on

May 18, 2024 • 12:24

It’s all about the dollar

It’s all about the dollar

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 t

May 17, 2024 • 10:42

The cult-like appeal of Modi

The cult-like appeal of Modi

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 AprilSlovak premier Robert Fico shot and injuredNarendra Modi launches candidacy in India’s marathon electionHow to understand Modi’s IndiaCREDIT: Sansad TVThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian

May 16, 2024 • 11:03

Will investors buy Anglo American’s break-up plan?

Will investors buy Anglo American’s break-up plan?

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 GazaAnglo American plans break-u

May 15, 2024 • 10:27

Indonesia’s nickel is a gold mine

Indonesia’s nickel is a gold mine

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 effortMentioned in this podcast:GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappearsWho is Andrei Belousov, Russia’s new defence minister? Stellantis in talks with Vale to invest i

May 14, 2024 • 9:30

Rishi Sunak tries to rally Conservatives

Rishi Sunak tries to rally Conservatives

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 electionUS shal

May 13, 2024 • 12:28

Swamp Notes: The Fed’s political pressures

Swamp Notes: The Fed’s political pressures

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 FedJay Powell’s d

May 11, 2024 • 12:32

Pandemic winners turned losers

Pandemic winners turned losers

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 bidNippon Steel predicts ‘calmer discussions’ with uni

May 10, 2024 • 10:04

Singapore wants to shake up its stock market

Singapore wants to shake up its stock market

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:

May 9, 2024 • 10:47

Israel moves into Rafah

Israel moves into Rafah

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 HuaweiTikTok challenges divest-or-ban bill in US courtIsr

May 8, 2024 • 8:54

Paramount’s a long way from its peak

Paramount’s a long way from its peak

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 WayveEl Chapo’s opium heartland bereft as Mexico cartels embrace fentanylShari Redstone, a media scion weighing the future of her ra

May 7, 2024 • 10:56

Xi’s balancing act with Europe

Xi’s balancing act with Europe

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 warThe clash over whether to commandeer Russia’s frozen assetsDivestment i

May 6, 2024 • 12:22

Swamp Notes: The uproar at American universities

Swamp Notes: The uproar at American universities

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

May 4, 2024 • 14:20

The murky moves behind the yen

The murky moves behind the yen

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 salesJapanese government spent $35bn to prop up yen, BoJ figures su

May 3, 2024 • 11:09

Higher rates for even longer (and longer)

Higher rates for even longer (and longer)

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 longerCruise line Viking rises after launching year’s second-largest US IPOWhat triggered Noel Quinn’s shock exit from HS

May 2, 2024 • 9:25

Private equity’s green thumb

Private equity’s green thumb

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 gainsCan private equity accelerate the green transition?Jeremy Hunt warns FCA against ‘naming and shaming’ business

May 1, 2024 • 12:05

Scotland’s first minister resigns

Scotland’s first minister resigns

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 ministerWeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bidAfrica-focused fund draws early investors to tech industryFT Li

Apr 30, 2024 • 11:30

Big Tech investors question AI pay-off

Big Tech investors question AI pay-off

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

Apr 29, 2024 • 11:35

Swamp Notes: The Supreme Court weighs presidential power

Swamp Notes: The Supreme Court weighs presidential power

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 imm

Apr 27, 2024 • 12:40

A mining industry mega-deal

A mining industry mega-deal

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 eve

Apr 26, 2024 • 12:47

What new US aid means for Ukraine

What new US aid means for Ukraine

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 AIEU conducts ‘dawn raid’ on Chinese

Apr 25, 2024 • 11:18

Spotify grows up

Spotify grows up

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 slowSpotify hits record quarterly profit as it enters ‘new phase’US FTC

Apr 24, 2024 • 11:35

Taking the Byte out of TikTok

Taking the Byte out of TikTok

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 sen

Apr 23, 2024 • 10:30

Beijing bets on manufacturing

Beijing bets on manufacturing

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 yearsWhy oil prices remain steady even as Middle East tensions escalateCovid vaccine makers to clash in London over mRNA patent disputeChina warns west of ‘survival of

Apr 22, 2024 • 10:24

Swamp Notes: How do you win Pennsylvania?

Swamp Notes: How do you win Pennsylvania?

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 TimesMentioned in this podcast:Joe Biden’s speech to steel workers underscores union

Apr 20, 2024 • 12:54

Big business bets on Modi

Big business bets on Modi

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 growthThe great bet on rate cuts is offEuropean stocks suffer worst day in nine monthsUS to grow at double the rate of G7 peers this year, says IMFJay Powell says US inflation ‘taking longer than expected’ to

Apr 19, 2024 • 13:00

AI’s electricity problem

AI’s electricity problem

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 sanctionsMajority of EU states object to capital markets reform

Apr 18, 2024 • 9:58

A glow-up for China’s state-owned enterprises

A glow-up for China’s state-owned enterprises

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

Apr 17, 2024 • 11:28

CVC hopes third time’s the charm

CVC hopes third time’s the charm

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 increaseGoldman Sachs knows what fits it best — plenty of dealsCVC’s tortuous path to

Apr 16, 2024 • 12:09

Israel debates retaliation against Iran

Israel debates retaliation against Iran

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 banksChina’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiringIsrael weighs response to unprecedented attack by IranPressure mounts on US lawmakers to approve new aid for I

Apr 15, 2024 • 12:02

Swamp Notes: What’s the Republican party’s position on abortion?

Swamp Notes: What’s the Republican party’s position on abortion?

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 stateDonald Trump says abortion law should be left to

Apr 13, 2024 • 12:43

Prime money markets funds are in trouble

Prime money markets funds are in trouble

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 battleManagers to shut or convert $220bn of US money market funds before rule changeUS allies urge Iran not to retaliate against

Apr 12, 2024 • 13:29

Higher for even longer

Higher for even longer

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 yearKPMG fined $25mn over exam cheating scandal at firm’s Dutch armLl

Apr 11, 2024 • 11:15

Ecuador’s ‘unprecedented’ Mexican embassy raid

Ecuador’s ‘unprecedented’ Mexican embassy raid

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 Mex

Apr 10, 2024 • 11:08

TSMC doubles down on Arizona

TSMC doubles down on Arizona

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 dealUS,

Apr 9, 2024 • 11:22

AI is coming for Google’s search

AI is coming for Google’s search

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 ov

Apr 8, 2024 • 12:43

Swamp Notes: Inside Trump’s new inner circle

Swamp Notes: Inside Trump’s new inner circle

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 l

Apr 6, 2024 • 12:28

Pressure builds for early elections in Israel

Pressure builds for early elections in Israel

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 IsraelIsraelis hold biggest rally against Netanyahu since start of Gaza warCan Africa one day help feed the world’s growing population?Global equity supply falls at fastest pace

Apr 5, 2024 • 11:26

Tesla dip: blip or bust?

Tesla dip: blip or bust?

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 MarchChinese companies revive Mao Zedong-era militiasWhere Tesla departs from the Mag 7The big worry for carmakers: what if the EV slowdown is not a blip?Bob Ige

Apr 4, 2024 • 11:20

Thames Water hits the gutter

Thames Water hits the gutter

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 talksWhy family-friendly policies don’t boost birth ratesNato plans $100bn ‘Trump-proof’ fund for UkraineSouthern growth spurt creates two-speed eurozone economyThe FT News Briefing is produced by F

Apr 3, 2024 • 11:56

US and UK team up to study AI

US and UK team up to study AI

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 consulateUS and UK sign landmark agreement on testing safety of AI Beyond memes: Robinhood seeks to broaden its appealSign up for the FT Alphaville pub quiz!The FT News Briefing is produc

Apr 2, 2024 • 10:19

EU takes on fake news ahead of elections

EU takes on fake news ahead of elections

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 RussiaLuiz Inácio Lula da Silva steps up interventions in Brazil’s largest companiesChina’s factory activity adds to signs of recoveryThe FT News Briefing is produced by Fiona Symon, Sonja Hutson,

Apr 1, 2024 • 12:27

Sam Bankman-Fried gets 25 years in prison

Sam Bankman-Fried gets 25 years in prison

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 hitFTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraudLloyd’s of London chief calls for quick insurance payouts on Baltimore bridgeOodles of noodl

Mar 29, 2024 • 12:10

A new day dawns for the yen

A new day dawns for the yen

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 volatilityUS small-caps suffer worst run against larger stocks in over 20 yearsDisney settles lawsuit in Florida theme-park disputeThe FT

Mar 28, 2024 • 9:55

Trump’s Truth Social hits the Nasdaq

Trump’s Truth Social hits the Nasdaq

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 debutVisa and Mastercard agree $30bn settlement over US transaction feesCan UBS become Europe’s Morgan Stanley?In German groceries, even comput

Mar 27, 2024 • 12:24

Why Russia was caught off guard

Why Russia was caught off guard

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 threatInfrastructure: from investment backwater to a $1tn

Mar 26, 2024 • 11:20

India’s quid pro quo trade strategy

India’s quid pro quo trade strategy

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 yearsInvestors pour money into US corporate bond funds at record rateIndia’s ‘quid pro quo’ strategy for trade talksThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filip

Mar 25, 2024 • 8:42

Swamp Notes: Is Maga good for Biden?

Swamp Notes: Is Maga good for Biden?

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. Mentioned in this podcast:Donald Trump-backed US Senate candidate clinches Republican nomination in OhioSign up for the FT

Mar 23, 2024 • 13:16

US prosecutors take a bite out of Apple

US prosecutors take a bite out of Apple

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 caseHow Hertz’s bets on Tesla and a Goldman veteran veered off courseSocial media site Reddit soars 48% in New York IPOGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is pr

Mar 22, 2024 • 10:50

Why inflation is sticking around

Why inflation is sticking around

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 doubl

Mar 21, 2024 • 12:26

Bank of Japan ditches negative rates

Bank of Japan ditches negative rates

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 unitBank of Japan ends era of negative interest ratesUnilever to split off ice cream business and cut 7,500 jobsRival nations seek to poach

Mar 20, 2024 • 10:54

What Putin’s victory means for Russia

What Putin’s victory means for Russia

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 marketVladimir Putin cements Russian rule for another six yearsThe lost future of young GazansGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced b

Mar 19, 2024 • 10:56

It’s central bank week!

It’s central bank week!

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 SpaceXThe bullish case for South AfricaBenjamin Netanyahu defies western allies over Gaza strategyCentral bankers take

Mar 18, 2024 • 12:10

Swamp Notes: The play for union power

Swamp Notes: The play for union power

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 capitalUnion workers score b

Mar 16, 2024 • 11:52

Can Telegram clean up its act?

Can Telegram clean up its act?

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 bossPre-Order: ‘Code Dependent’ by Madhumita

Mar 15, 2024 • 12:18

Ukraine strikes targets deep in Russia

Ukraine strikes targets deep in Russia

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 PMUkraine strikes oil refineries deep inside RussiaUS House votes through bill to

Mar 14, 2024 • 11:45

The surprise winner of the US-China chip wars

The surprise winner of the US-China chip wars

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 weaponsChina’s treatment of local debt ‘ulcer’ threatens growth targetUS inflation rises to 3.2% in Febr

Mar 13, 2024 • 10:42

Reddit hits the road ahead of IPO

Reddit hits the road ahead of IPO

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 assetsReddit aims to raise more than $500mn in IPOEU ministers approve ‘status quo’ rules for gig economy workers Can ships carrying aid help avert famine in Gaza?The FT News Briefing is produ

Mar 12, 2024 • 10:50

What we learned from the collapse of SVB

What we learned from the collapse of SVB

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 marketNumber of weak US banks jumps as NYCB stabilised on $1bn capital raiseDealmaking slowdown leaves private equity with r

Mar 11, 2024 • 10:41

Swamp Notes: Did Biden's State of the Union hit the mark?

Swamp Notes: Did Biden's State of the Union hit the mark?

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 campaignBiden attacks Trump in fiery State of the Union speech

Mar 9, 2024 • 12:48

A look at Temu’s murky business model

A look at Temu’s murky business model

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: TemuMentioned in this podcast: Trial begins for Vietnamese property tycoon accused of $12bn fraudThe mysterious rise of the Chinese

Mar 8, 2024 • 10:33

Is private equity actually worth it?

Is private equity actually worth it?

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 planIs private equity actually worth it?Anti-LGBT+ law puts Ghana’s IMF and World Bank

Mar 7, 2024 • 12:00

China hopes for a big economic rebound

China hopes for a big economic rebound

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: APMentioned in this podcast:Jeremy Hunt set to cut national insurance by 2p in UK BudgetArgentina’s Javier Milei says he doesn’t need congress to save the economyChina sets ‘ambitious’ 5% growth target and flags

Mar 6, 2024 • 10:17

The politics behind the UK Budget

The politics behind the UK Budget

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 streamingWill Big Tech agree to play by Europe’s rules?The hard Budget choices facing a cash-strapped UKThe FT News Briefing is produced by Fiona S

Mar 5, 2024 • 10:15

Cracks widen in Israel’s war cabinet

Cracks widen in Israel’s war cabinet

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 eraBayer slashes dividend by 95% as it steps up effort to cut debtBayer’s struggling Roundup court strategyChina offers AI computing ‘vouc

Mar 4, 2024 • 12:00

Swamp Notes: Biden and Trump’s immigration duel

Swamp Notes: Biden and Trump’s immigration duel

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 NewsHourMentioned in this podcast:Surge in border crossings creates political upheaval in the USJo

Mar 2, 2024 • 12:50

Formula One’s road map to success

Formula One’s road map to success

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; NetflixMentioned in this podcast:Rishi Sunak’s Rwanda asylum scheme could cost UK £580mn, watchdog warnsWas Toyota’s bet on hybrid cars right all along?Formula One’s growing painsThe FT News Briefing is produced by Fiona Symon, So

Mar 1, 2024 • 12:00

McKinsey’s China problem

McKinsey’s China problem

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 appealMcKinsey-led think-tank advised China on policy that fed US tensionsMcKinsey website touted its advice to Chinese government ministriesAdani answ

Feb 29, 2024 • 10:09

Should western troops go to Ukraine?

Should western troops go to Ukraine?

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 strikeMacron says sending w

Feb 28, 2024 • 9:19

Sweden set to join the Nato club

Sweden set to join the Nato club

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 shiftFCA plans to name firms under investigation in UK deterrence driveMicrosoft strikes deal with Mistral in push beyond OpenAIThe FT New

Feb 27, 2024 • 9:19

Biotech is back

Biotech is back

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 droughtIs 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 spendingThe FT News Briefing is produced

Feb 26, 2024 • 9:55

Swamp Notes: Trump’s legal troubles

Swamp Notes: Trump’s legal troubles

Description: 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 pr

Feb 24, 2024 • 12:55

Russia’s failed efforts to rebuild in Ukraine

Russia’s failed efforts to rebuild in Ukraine

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 migrationJapan’s Nikkei 225 index eclipses record high after 34 yearsInside Mariupol: Russia’s new Potemkin villageThe FT News Brie

Feb 23, 2024 • 12:03

HSBC profits nosedive

HSBC profits nosedive

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 he

Feb 22, 2024 • 8:53

Discover what’s in Capital One’s wallet

Discover what’s in Capital One’s wallet

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 2019Capital One agrees to buy Discover Financial for $35bnBarclays to return £10bn to shareholdersSubscribe to the FT US Election Countdown newsletterThe FT News Briefing is produced by Fiona Symon, S

Feb 21, 2024 • 9:41

Israel’s economy slumps

Israel’s economy slumps

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 warCan OpenAI create superintelligence before it runs out of cash? External LinkBattle for Avdiivka tests Ukraine’s new commanderThe 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,

Feb 20, 2024 • 11:52

What next for Russia after Navalny?

What next for Russia after Navalny?

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 ChinaNavalny’s allies accuse Russian authorities of trying to cover up his deathEU to hit Apple with first ever fine in €500mn penalty over music streamingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson,

Feb 19, 2024 • 11:09

Swamp Notes: Donald Trump takes on Nato (again)

Swamp Notes: Donald Trump takes on Nato (again)

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 steroidsDonald Trump says Russia can do what it wants to Nato allies who pay too littleSign up for the FT’s Swamp Notes newslett

Feb 17, 2024 • 12:45

Asset managers cool on climate group

Asset managers cool on climate group

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 productionJPMorgan and State Street quit climate group as BlackRock scales backT

Feb 16, 2024 • 11:43

Will Germany lead Nato?

Will Germany lead Nato?

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 cutsWill Germany deliver on its grand milita

Feb 15, 2024 • 11:02

Arm’s share price goes crazy

Arm’s share price goes crazy

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 infla

Feb 14, 2024 • 11:32

Wall Street fell out of love with equity hedge funds

Wall Street fell out of love with equity hedge funds

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

Feb 13, 2024 • 11:27

Imran Khan rises again in Pakistan

Imran Khan rises again in Pakistan

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 jailEY took on $700mn in debt for doomed ‘Project Everest’ spin-off planShein seeks Chinese regulators’ tacit approval for US public offeringTech companies axe 34,000 jobs since start of year in pivot to AIThe FT News Briefing

Feb 12, 2024 • 10:32

Untold: The Retreat, Ep. 1 - Dear Madison

Untold: The Retreat, Ep. 1 - Dear Madison

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.

Feb 11, 2024 • 42:46

Swamp Notes: Is it the economy, stupid?

Swamp Notes: Is it the economy, stupid?

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 economySign up

Feb 10, 2024 • 11:15

Chill out. Netflix is winning the streaming wars

Chill out. Netflix is winning the streaming wars

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 targetDisney, Fox and Warner sports streaming platform foreshadows consolidationOpenAI on track to hit $2bn revenue milestone as growth skyrocketsThe FT News Briefing is produced by Fiona Symon, So

Feb 9, 2024 • 11:07

Your Uber profits have arrived

Your Uber profits have arrived

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 investmentGeert Wilders struggles to find coalition partners in the NetherlandsUber records first annual profits as market value approaches $150bnBenjamin

Feb 8, 2024 • 9:54

The story behind the money going to Mexico

The story behind the money going to Mexico

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 chairBP targets boost fo

Feb 7, 2024 • 10:33

Pakistan’s Imran Khan fights an election from jail

Pakistan’s Imran Khan fights an election from jail

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

Feb 6, 2024 • 11:13

Turkey’s central bank chief steps down

Turkey’s central bank chief steps down

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 herBNP Paribas shares fall after downgrade to profit targetDeutsche Bank pledges to boost dividend and cut jobsSantander earnings boosted by strong perf

Feb 5, 2024 • 11:18

Swamp Notes: How money is shaping the 2024 US election

Swamp Notes: How money is shaping the 2024 US election

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.

Feb 3, 2024 • 12:14

Big tech continues to rock

Big tech continues to rock

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 UkraineUS to put sanctions on Israeli settlers respons

Feb 2, 2024 • 11:27

Viktor Orbán: the EU’s chief disrupter

Viktor Orbán: the EU’s chief disrupter

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 cutsViktor Orbán: what is the end game for Europe’s chief disrupter?Boeing postpones annual guidance amid 737 Max c

Feb 1, 2024 • 10:44

Palestinians pay the price for UN allegations

Palestinians pay the price for UN allegations

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 revenueAlphabet’s advertising growth falls short of Wall Street expectationsIMF raises Russia growth outlook as war boosts econo

Jan 31, 2024 • 11:34

China’s not so Evergrande

China’s not so Evergrande

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 elsewhereChinese developer Evergrande ordered to be wound up by Hong Kong courtChina Evergrande liquida

Jan 30, 2024 • 10:20

The challenges to a ceasefire in Gaza

The challenges to a ceasefire in Gaza

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 GazaGerman car suppliers struggle to adjust to EV shiftBrussels threatens to hit Hungary’s economy if Viktor O

Jan 29, 2024 • 11:54

Swamp Notes: GOP primaries and the power of incumbency

Swamp Notes: GOP primaries and the power of incumbency

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 supportNikki Haley,

Jan 27, 2024 • 14:01

How airlines are handling the Boeing fiasco

How airlines are handling the Boeing fiasco

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 onAmerican Airlines chief says Boeing’s quality

Jan 26, 2024 • 10:58

There’s active interest in passive funds

There’s active interest in passive funds

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 MaxFeud between

Jan 25, 2024 • 9:41

Resuscitating Hong Kong’s stock exchange

Resuscitating Hong Kong’s stock exchange

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 NatoHow China’s slowdown is deepening Hong Kong’s ‘existential crisis’Arab nations develop plan to end Israel-Hamas war and create Palestinian stateThe FT News Bri

Jan 24, 2024 • 9:31

Can the yield curve still predict recessions?

Can the yield curve still predict recessions?

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 approachYield curve adds to mystery over US economySEC says bitcoin X breach came after phone number was swappedThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Ka

Jan 23, 2024 • 10:41

What’s next for Bitcoin ETFs?

What’s next for Bitcoin ETFs?

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 tradingThe US shale magnate trying to sell oil and gas jobs to Generation ZThe top takeaways from this year’s World Economic ForumPoland secures EU con

Jan 22, 2024 • 12:07

What if AI knows your death date?

What if AI knows your death date?

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 electionWhy US strikes in Middle East are rekindling fears over oil and inflationCould an AI ‘death calculator’ actually be a g

Jan 19, 2024 • 10:56

China is not out of the woods yet

China is not out of the woods yet

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 fuelli

Jan 18, 2024 • 10:06

The uphill battle to beat Trump

The uphill battle to beat Trump

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 economiesHow global trade could fragment after the EU’s tax on ‘dirty’ importsJetBlue’s $3.8bn bi

Jan 17, 2024 • 10:46

US-owned ship attacked off Yemen

US-owned ship attacked off Yemen

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 yearChina’s electric vehicle dominance presents a challenge to the westWang Chuanfu, the driving force behind BYD’s riseThe FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Persis Love, Jos

Jan 16, 2024 • 9:25

Taiwan defies China in election

Taiwan defies China in election

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 ChinaBanks say US consumers in good shape but poll shows Biden gets no creditIowa poll shows Trump far ahead of rivals in Republican raceCredit: CBS NewsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian

Jan 15, 2024 • 11:03

The world’s biggest mining project finally gets off the ground

The world’s biggest mining project finally gets off the ground

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 YemenBuckle up — the inflation battle is entering a new phaseWorld’s biggest mining project to star

Jan 12, 2024 • 11:30

What ETFs mean for bitcoin

What ETFs mean for bitcoin

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 electionTaiwan’s pivotal vote: China casts shadow over island’s electionSEC approves first spot bitco

Jan 11, 2024 • 11:22

The scramble for a new EU leader

The scramble for a new EU leader

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 AIHow Charles Michel’s parliament plan fires up the EU’s top job battleHow a Post Office drama galvanised Britai

Jan 10, 2024 • 10:35

Can Boeing get back on track?

Can Boeing get back on track?

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 accidentAfghan women and girls flock online to evade Taliban curbs on female educationBiden says he is pressing Israel to ‘significantly get out’ of GazaIsrael says it has dest

Jan 9, 2024 • 10:19

Football clubs are pouring billions into stadiums

Football clubs are pouring billions into stadiums

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 cowsLargest US banks set to log sharp rise

Jan 8, 2024 • 11:37

Local Chinese banks get a lifeline

Local Chinese banks get a lifeline

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 misconductOff-radar fishing threaten

Jan 5, 2024 • 10:20

Convertible bonds are so hot right now

Convertible bonds are so hot right now

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

Jan 4, 2024 • 10:36

BlackRock and Vanguard duke it out over ETF market

BlackRock and Vanguard duke it out over ETF market

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 strikeBenjamin Netanyahu’s allies blast t

Jan 3, 2024 • 10:07

Markets, elections and AI in 2024

Markets, elections and AI in 2024

The FT’s Peter Spiegel, Katie Martin and Elaine Moore preview what could happen in geopolitics, markets and artificial intelligence in 2024.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

Jan 2, 2024 • 13:28

From “What Next”: Wait, China’s Taking Our Pandas Back?

From “What Next”: Wait, China’s Taking Our Pandas Back?

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&nbsp

Dec 29, 2023 • 28:35

Superintelligent AI: can chatbots think?

Superintelligent AI: can chatbots think?

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 lawye

Dec 28, 2023 • 29:27

Culture chat: ‘Napoleon’ with historian Simon Schama

Culture chat: ‘Napoleon’ with historian Simon Schama

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 i

Dec 27, 2023 • 26:01

Hot Money: The New Narcos

Hot Money: The New Narcos

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+.See omnystudio.com/listener for privacy information.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Dec 26, 2023 • 29:31

The year of weight-loss drugs

The year of weight-loss drugs

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 NordiskJeremy Hunt raises prospect of Bank of Engla

Dec 22, 2023 • 12:52

This bond market rally is epic

This bond market rally is epic

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 targetsMillions drop out of China’s state health insurance

Dec 21, 2023 • 11:05

India’s digital transformation

India’s digital transformation

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 metalsInside the ‘Gaza metro’: Israel displays Hamas tunnel big enough for a carNarendra Modi responds

Dec 20, 2023 • 12:27

US Steel gets a new owner

US Steel gets a new owner

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 UBSNippon Steel agrees to buy US Steel for $14.9bnThe Fiddler’s Ferry blast that will reshape a town’s identityThe FT News Briefing is produ

Dec 19, 2023 • 9:37

A Chinese spy in Europe’s midst

A Chinese spy in Europe’s midst

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 reportChipmaker TSMC casts long shadow over Taiwan electionChinese spies recruited European politician in operation to divide westBankruptcies soar as high rates and end of Covid aid

Dec 18, 2023 • 11:00

UAW strike kicks off new era for US labour

UAW strike kicks off new era for US labour

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 UkraineStocks and bonds surge as Jay Powell comments fuel bets on interest rate cutsECB keeps rate on hold but lowers inflation forecastAndrew Bailey warns ‘still some way to go’

Dec 15, 2023 • 10:42

The west is losing patience with Israel

The west is losing patience with Israel

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 lostJoe Biden’s criticism of Israel highlights

Dec 14, 2023 • 11:00

Is Signa’s downfall a canary in the coalmine?

Is Signa’s downfall a canary in the coalmine?

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 voteRise in US core inflation highlights stubborn price pressuresRwanda vote exposes Tory divisions despite Rishi Sunak’s winSigna fires René Benko ally for suspected ‘gross violatio

Dec 13, 2023 • 11:02

Wealthy donors and campus speech

Wealthy donors and campus speech

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 NovemberGovernment to face down party rebels over Rwanda billThe Ivy League, Wall St d

Dec 12, 2023 • 10:49

The Big Four’s year of layoffs

The Big Four’s year of layoffs

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-pandemicEY to cut a further 150 UK jobs as Big Four firms grapple with waning demandShohei Ohtani signs

Dec 11, 2023 • 10:46

US oil is keeping Opec on its toes

US oil is keeping Opec on its toes

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 importsOil market caught by surprise as US output surgesGold price hits all-time high as traders bet on interest rate cutsThe FT News Briefing is produced by Fiona S

Dec 8, 2023 • 10:24

The humanitarian crisis worsens in Gaza

The humanitarian crisis worsens in Gaza

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 cutJoe Biden says Republi

Dec 7, 2023 • 9:48

The crackdown on Ukraine’s oligarchs

The crackdown on Ukraine’s oligarchs

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 wea

Dec 6, 2023 • 11:03

Hot Money: The New Narcos - Ep. 1, Murder Brokers

Hot Money: The New Narcos - Ep. 1, Murder Brokers

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.

Dec 5, 2023 • 28:59

Venezuela votes for a land grab in Guyana

Venezuela votes for a land grab in Guyana

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 yearVenezuela says

Dec 5, 2023 • 9:35

Wealthy Argentines flock to Uruguay

Wealthy Argentines flock to Uruguay

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 deathsSouth Korean defence industry rid

Dec 4, 2023 • 11:23

Introducing Hot Money: The New Narcos

Introducing Hot Money: The New Narcos

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

Dec 1, 2023 • 2:46

Why markets had a stellar November

Why markets had a stellar November

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 officialInvestors use AI to glean signals behind executives’ soothing wordsMarkets in 2024: Investors bet on déjà vu all over againThe FT News Briefing is prod

Dec 1, 2023 • 11:55

Nato says don’t underestimate Russia

Nato says don’t underestimate Russia

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 NatoCigna and Humana in deal talks to create US health insurance giantWhy Nato’s reassurances to Ukraine

Nov 30, 2023 • 10:04

Germany’s €60bn budget hole

Germany’s €60bn budget hole

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 tattersThe city where Mexico’s nearshoring hyp

Nov 29, 2023 • 11:03

Israel-Hamas truce extended

Israel-Hamas truce extended

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:I

Nov 28, 2023 • 10:07

COP28: Climate summit tries to kick fossil fuel habit

COP28: Climate summit tries to kick fossil fuel habit

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 summitTurkey’s exports of military-linked goods to Russia surgeAlgorithms are deciding

Nov 27, 2023 • 10:37

What the Dutch far-right win means for the EU

What the Dutch far-right win means for the EU

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 2022Far-right Dutch victory puts European liberal democracy on defensiveEx-Carlsberg executives detained in Russia over fraud claimsThe FT News Briefing this week was produced by Kasia Broussalian, Sonja Hutson, Fiona Symon, Marc Filippino, Josh Gabert-Doyon and me, Persis Love. Our e

Nov 24, 2023 • 11:52

Ousted OpenAI board member on AI safety concerns

Ousted OpenAI board member on AI safety concerns

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 soilHunt cuts national insurance but taxes head to postwar highOpenAI 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

Nov 23, 2023 • 11:21

OpenAI and Sam Altman’s superpowers

OpenAI and Sam Altman’s superpowers

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 HamasDutch election shapes up as tight race to replace Mark RutteBinance chief Changpeng Zhao pleads guilt

Nov 22, 2023 • 10:40

Argentina is in its Milei era

Argentina is in its Milei era

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 i

Nov 21, 2023 • 11:19

Milei elected president of Argentina

Milei elected president of Argentina

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 ArgentinaInvestors shake up VC market by raising money to buy out start-upsWill Bangladesh come to regret its dash for gas?Altman appears a

Nov 20, 2023 • 9:53

Life and Art: Nathan Fielder and ‘The Curse’

Life and Art: Nathan Fielder and ‘The Curse’

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.

Nov 18, 2023 • 25:57

EY’s new leader has her work cut out for her

EY’s new leader has her work cut out for her

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 supermarketEY picks Janet Truncale as the first woman to lead a Big Four firmLow-income

Nov 17, 2023 • 9:22

Sunak grapples with ruling on flagship asylum plan

Sunak grapples with ruling on flagship asylum plan

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 policyEY picks Janet Truncale as first woman to lead Big Four firmDenmark could block Russian oil tankers from reaching marketsThis episode of FT News Briefing was produced by

Nov 16, 2023 • 9:41

Biden and Xi meet in San Francisco

Biden and Xi meet in San Francisco

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 superpowersUS stocks and bonds jump after inflation falls to 3.2%Russia’s war economy leaves businesses starved of labourAI outperforms conventional weather forecasting methods for first timeTh

Nov 15, 2023 • 9:33

The return of David Cameron

The return of David Cameron

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 Braver

Nov 14, 2023 • 10:45

The hack that halted the US Treasury market

The hack that halted the US Treasury market

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 droughtWall Street and Beijing fight fallout of ransomware attack on China’s biggest bankI’m going to dip my fat fingers in oil (Opinion)Iceland declares state of emergency as it braces for vo

Nov 13, 2023 • 9:38

FTNB Live: The best US cities for foreign investment

FTNB Live: The best US cities for foreign investment

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.

Nov 11, 2023 • 19:01

Paris races to clean up Seine before Olympics

Paris races to clean up Seine before Olympics

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 h

Nov 10, 2023 • 10:23

Introducing: Life and Art, from FT Weekend

Introducing: Life and Art, from FT Weekend

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 a

Nov 9, 2023 • 1:23

Arm wrestles with bad first quarter as a public company

Arm wrestles with bad first quarter as a public company

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

Nov 9, 2023 • 11:24

Israel plans for ‘indefinite’ grip over Gaza

Israel plans for ‘indefinite’ grip over Gaza

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

Nov 8, 2023 • 9:27

The best US cities for foreign investment

The best US cities for foreign investment

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 downturnWeWork: boxed-in flexible space group seeks new lease of lifePwC to cut up to 600 UK jobs as attrition rate plungesHouston overtakes Miami as best place for foreign businesses in annual FT-Nikkei rankingThe FT News Briefing is produced by

Nov 7, 2023 • 10:35

Private equity wrestles with higher interest rates

Private equity wrestles with higher interest rates

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 painPrivate equity: higher rates start to pummel dealmakersWarren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levelsDonald Trump prepar

Nov 6, 2023 • 10:50

Sam Bankman-Fried found guilty

Sam Bankman-Fried found guilty

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 fightingCVC Capital Partners postpones plans for Amsterdam listingCentral banks hold interest rates at a scary timeBoE expected to leave rates unchanged as inflation remain

Nov 3, 2023 • 10:16

The battle for EV batteries in US speeds up

The battle for EV batteries in US speeds up

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 highEgypt allows first evacuee departures from GazaCan America’s south-east unseat Detroit as ‘Motown’ of the EV age?Investing in America liveThe FT News Br

Nov 2, 2023 • 12:46

Governments dip into AI regulation

Governments dip into AI regulation

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 downfallEurozone inflation f

Nov 1, 2023 • 10:27

Israel pushes deeper into Gaza

Israel pushes deeper into Gaza

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 offensiveUS autoworker strike

Oct 31, 2023 • 8:48

The return of the rice crisis

The return of the rice crisis

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 highsThe return of the rice crisisRémy Cointreau drops to three-year low as US consumers shun cognacThe FT News Briefing i

Oct 30, 2023 • 9:59

Sam Bankman-Fried takes the stand

Sam Bankman-Fried takes the stand

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 trialMorgan Stanley makes its choice: how Ted Pick won the succession raceUS moves to deter Iran ahead of Israel’s

Oct 27, 2023 • 9:20

US House Speaker: Fourth time's the charm

US House Speaker: Fourth time's the charm

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 gridlockInvesting in America The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Ad

Oct 26, 2023 • 12:04

Who to turn to when the world is crumbling

Who to turn to when the world is crumbling

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 growt

Oct 25, 2023 • 10:07

Commenting on Israel-Hamas is tricky for businesses

Commenting on Israel-Hamas is tricky for businesses

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 winBusiness in a bind over messaging on Israel-Hamas warEU’s top diplomat urges ‘hu

Oct 24, 2023 • 10:12

Ukraine and Israel vie for EU’s attention

Ukraine and Israel vie for EU’s attention

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 warToyota nears mass production of solid-state batteriesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Br

Oct 23, 2023 • 10:32

Can Argentina dollarise?

Can Argentina dollarise?

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 conflictKeir Starmer faces growing mutiny from within Labour over Israel-Hamas stanceThe radical outsider promisi

Oct 20, 2023 • 11:15

Biden urges Israel to take caution

Biden urges Israel to take caution

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 bankAccess 50 per cent off of a digital subscription FT.com/briefingsaleThe FT News Briefing is produced by Fiona

Oct 19, 2023 • 8:50

How will Egypt handle Gaza?

How will Egypt handle Gaza?

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 EgyptScotland to issue bonds for the first time, says SNP’s Humza YousafBofA profits beat forecastsJPMorgan profits jump 35% on interest rate windfallCiti profits edge higher de

Oct 18, 2023 • 10:44

How Microsoft beat the odds

How Microsoft beat the odds

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 powerBid to open Gaza crossing faltersHow Brad Smith used Microsof

Oct 17, 2023 • 10:23

Israel prepares to invade Gaza

Israel prepares to invade Gaza

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 GazaResidents flee Gaza City as Israel tells 1.1mn to leaveBritish prisoners face jail time abroad under radical government plan

Oct 16, 2023 • 10:20

The man behind the Hamas attack

The man behind the Hamas attack

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 SeptemberEU opens probe into X over Israel-Hamas war misinformationAccess 50 per cent off of a digital subscription FT.com/briefin

Oct 13, 2023 • 8:43

Hamas is not Israel’s only concern

Hamas is not Israel’s only concern

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 banksBirkenstock shares slip on first day of tradingWhat links Hamas to the ‘Axis of Res

Oct 12, 2023 • 9:18

Israel’s hostage dilemma

Israel’s hostage dilemma

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 votersHamas kidnappings leave Israeli forces with painful hostage dilemmaEU to review development funding for Palestini

Oct 11, 2023 • 11:37

Israel imposes ‘complete siege’ on Gaza

Israel imposes ‘complete siege’ on Gaza

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 hostagesIsrael’s central bank to sell $30bn of foreign reserves to support shekelEU regulators to order Illumina to sell $8bn cancer treatment groupAccess 50% off of a digital

Oct 10, 2023 • 9:36

Israel responds to historic Hamas attack

Israel responds to historic Hamas attack

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 IsraelGerman voters turn their backs on government parties in regional electionsNet zero was never going to be an easy win for wo

Oct 9, 2023 • 10:55

Can artificial intelligence grow safely?

Can artificial intelligence grow safely?

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 safeWho feels the pain from the bond sell-off?US jobs growth expected to have slowed again in SeptemberListen to the FT’s Unhedged podcast The FT News Briefing is pro

Oct 6, 2023 • 9:31

Bankman-Fried’s fraud trial begins

Bankman-Fried’s fraud trial begins

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 CupSam Bankman-Fried committed ‘fraud on a massive scale’, prosecutors allegeRishi Sunak axes northern leg of HS2 in flurry of ‘radical’ decisionsThe FT News Briefing is produced by Fiona Symo

Oct 5, 2023 • 10:00

McCarthy ousted as US House Speaker

McCarthy ousted as US House Speaker

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 woesIndia tells Canad

Oct 4, 2023 • 9:52

Rating the ESG raters

Rating the ESG raters

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 DATAGermans shrug off economic gloom at booming OktoberfestBrussels to unfreeze Hungary funds as it seeks help for UkraineIMF head backs reforms that could give China more voting powerCLIPS: The IndependentThe

Oct 3, 2023 • 8:53

McCarthy avoids US government shutdown

McCarthy avoids US government shutdown

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, APMentioned in this podcast:Brazil minister says oil and green ambitions are not contradictoryCooling UK labour market claims jobs in construction and retailUS lawmakers pass short-term deal to avoid government shutdownRobert Fico wins Slovakia electi

Oct 2, 2023 • 9:41

Can AI help us speak to animals? Part two

Can AI help us speak to animals? Part two

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,

Sep 30, 2023 • 24:50

Tech IPOs lose their shimmer

Tech IPOs lose their shimmer

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 borrowingRising headwinds threaten US economy’s resilienceInstacart and Arm shares lose steam after IPO popsMillions of US borrowers brace for the return

Sep 29, 2023 • 9:22

What does China  ‘de-risking’ actually mean?

What does China ‘de-risking’ actually mean?

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 droughtChinese battery groups invest in Morocco to serve western marketsWestern companies take slow steps towards China ‘de-risking’Vote for FT podcasts in the Lovie Awards! The FT News Briefing i

Sep 28, 2023 • 10:08

The FTC is primed for Amazon

The FTC is primed for Amazon

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 retailJPMorgan settles Jeffrey Epstei

Sep 27, 2023 • 8:37

#MeToo’s mark on industry

#MeToo’s mark on industry

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 behaviourJapanese boy band abuse scandal rocks entertainment industryThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional

Sep 26, 2023 • 8:51

Poland’s complicated relationship with Ukraine

Poland’s complicated relationship with Ukraine

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 exportsA tug of war in Poland and Slovakia‘China’s World Bank’ plans to triple climate change lending by 2030Big Mamma restaurant group sell

Sep 25, 2023 • 10:22

Can AI help us speak to animals? Part one

Can AI help us speak to animals? Part one

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 wh

Sep 23, 2023 • 29:12

Rupert Murdoch steps down

Rupert Murdoch steps down

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 CorpRussia puts squeeze on oil market with diesel export banBank of England holds interest rates at 5.2

Sep 22, 2023 • 8:26

Fed signals fewer cuts in 2024

Fed signals fewer cuts in 2024

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 2024Two-year Treasury yield hits highest point since 2006 after Fed decisionCompa

Sep 21, 2023 • 9:16

Oil prices are not a barrel of fun

Oil prices are not a barrel of fun

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 debutIndia angered by Justin Trudeau

Sep 20, 2023 • 13:27

Can Singapore remain Asia’s ‘safe haven’?

Can Singapore remain Asia’s ‘safe haven’?

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 fi

Sep 19, 2023 • 9:46

A historic autoworkers strike

A historic autoworkers strike

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 vehiclesRishi Sunak decides against attending UN General AssemblyInstac

Sep 18, 2023 • 9:45

Digital cash and culture wars

Digital cash and culture wars

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 tradingECB raises interest rates to all-time highHow digital cash got caught up in the culture warsTell us: How will the US student loan repaym

Sep 15, 2023 • 9:01

CEO exit throws wrench into BP

CEO exit throws wrench into BP

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 jumpBP chief Bernard Looney resigns over past relationships with colleaguesBernard Looney’s exit throws BP’s strategy into doubtChina’s corruption crackdown rips through healthcare

Sep 14, 2023 • 9:54

IPO within Arm’s reach

IPO within Arm’s reach

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 colleaguesArm targets valuation of up to $52bn in IPOOlaf Scholz vows to cut bureaucracy as German economic woes mountPolish zloty’s fall highlights tricky balancing act of central banksTell

Sep 13, 2023 • 10:33

Coming soon: Can AI help us speak to animals?

Coming soon: Can AI help us speak to animals?

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?Sub

Sep 12, 2023 • 1:09

Why the euro is on a losing streak

Why the euro is on a losing streak

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 MicrosoftEuro suffers eight-week losing streak as economy faltersWill the ECB deliver one more rate rise?The FT News

Sep 12, 2023 • 8:43

India shines at G20 summit

India shines at G20 summit

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 BankPwC to curtail consulting work for US audit clients to reduce conflict riskWestern nations accept ‘climbdown’ o

Sep 11, 2023 • 10:54

Biden courts India at G20

Biden courts India at G20

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 influenceGermany backs EV tariff delay in boost to SunakUS to check on chips used in Huawei’s ‘Made in China’ smartphoneApple stock

Sep 8, 2023 • 9:40

EU pushes back on ‘too big to care’ tech companies

EU pushes back on ‘too big to care’ tech companies

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 decisionsBig Tech faces fresh legal obligations as Brussels lists services bound by new rulesRetail investors power into uraniumEurope

Sep 7, 2023 • 10:30

Ukraine doubles down on counteroffensive

Ukraine doubles down on counteroffensive

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 chiefUK government ‘slow to take action’ on Covid-19 grant losses, say MPsMilitary briefing: Kyiv ignores calls for reset of its ‘sneak and peek’ tacticsTravis Ka

Sep 6, 2023 • 10:00

Solving America’s shortage of accountants

Solving America’s shortage of accountants

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

Sep 5, 2023 • 10:18

Secret paper trail reveals hidden Adani investors

Secret paper trail reveals hidden Adani investors

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 cutsAdani shares slide and politicians demand action after reports on hidden inve

Sep 4, 2023 • 9:37

The ECB is in a pickle

The ECB is in a pickle

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 boonEurozone core inflation edges down ahead of crunch ECB decisionSwitzerland unveils money laundering clampdownFT Weekend festival promo code: FTPodcastThe

Sep 1, 2023 • 11:01

Another coup in Africa

Another coup in Africa

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 unitMilitary leaders seize power in oil-rich GabonUS commerce secretary hails ‘new approach’ to handling China business frictionsFoxconn founder Terry Gou launches bid for Taiwan

Aug 31, 2023 • 8:54

Why Europe can’t quit Russian energy

Why Europe can’t quit Russian energy

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 RussiaGrayscale scores major court win against SEC on bitcoin ETF Goldman Sachs bought UK and US compan

Aug 30, 2023 • 9:24

An unlikely alliance in Brazil

An unlikely alliance in Brazil

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 retreatEl Niño’s storm clouds

Aug 29, 2023 • 9:17

In search of a new economic playbook

In search of a new economic playbook

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 u

Aug 28, 2023 • 10:13

Putin breaks his silence on Prigozhin

Putin breaks his silence on Prigozhin

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 crashBrics leaders invite 6 nations including Saudi Arabia to join blocTurkey raise

Aug 25, 2023 • 9:54

Wagner group’s Prigozhin presumed dead

Wagner group’s Prigozhin presumed dead

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 sayNvidia’s AI boom exceeds Wall Street’s lofty hopesUS regulators

Aug 24, 2023 • 8:14

All eyes on Jackson Hole

All eyes on Jackson Hole

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 HoleGlobal stocks head for worst month in nearly a yearChina’s rate caution shines light on $56tn banking systemCredit: Fox News Brian Kilmeade: Welc

Aug 23, 2023 • 9:03

Can Arm’s listing reignite the IPO market?

Can Arm’s listing reignite the IPO market?

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 outlookSilicon Valley start-ups revive listing plans as Arm reignites IPO marketThe à la carte world:

Aug 22, 2023 • 9:06

Drought causes headaches for Panama Canal

Drought causes headaches for Panama Canal

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 riseIran grapples with unintended consequences of ultra-cheap petrolSevere

Aug 21, 2023 • 9:08

Saudi Arabia and UAE race to buy computer chips

Saudi Arabia and UAE race to buy computer chips

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 bargainsTarget sales hit by Pride backlash and consumer cautionSaudi Arabia and UAE race to buy Nvidia chips to power AI ambiti

Aug 18, 2023 • 10:16

Introducing: The Russian Banker

Introducing: The Russian Banker

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

Aug 17, 2023 • 1:44

New pain for China’s property sector

New pain for China’s property sector

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 fallWeWork credit rating cut further into junk territory by FitchRetail investors complain to Chinese regulator about ZhongzhiCountry Garden crisis brings new pain to China’s property sectorLooking for a fresh pers

Aug 17, 2023 • 8:59

A year of the Inflation Reduction Act

A year of the Inflation Reduction Act

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 dataChina sends finance experts to tackle regions’ debtsRepu

Aug 16, 2023 • 9:45

A looming ESG crackdown

A looming ESG crackdown

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 resultsiPhone maker Foxconn’s cautious pivot to India shows limits of ‘China plus one’UBS pays $1.4bn to settle US mortgage bond mis-selling caseSEC lawyers subpoena fund managers over ESG disclosuresLook

Aug 15, 2023 • 8:15

The new commodity superpowers

The new commodity superpowers

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 fallUS airlines ally with farmers to seek subsidies for corn as jet fuelThe new commodity superpowersThe FT News Briefing is

Aug 14, 2023 • 8:43

Peak social media: The future

Peak social media: The future

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 o

Aug 12, 2023 • 21:17

US inflation is still on the right track

US inflation is still on the right track

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 arrestUS inflation edges up to 3.2% in JulyThe militarisation of Mexico’s economyFT Weekend festival promo code: FTPodcastLooking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit b

Aug 11, 2023 • 8:33

China’s economy falls into deflation

China’s economy falls into deflation

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 narrowChinese economy falls into deflation as recovery stumblesWhite House unveils ban on US investment i

Aug 10, 2023 • 9:10

The weight-loss drug craze

The weight-loss drug craze

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 rulesWeak bank stocks weigh on US and European markets Novo Nordisk’s obesity drug cuts risk of strokes a

Aug 9, 2023 • 9:10

Why admitting Ukraine into the EU is tricky

Why admitting Ukraine into the EU is tricky

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 AIPayPal pushes deeper into crypto payments with stablecoin launchThe ‘monumental consequences’ of Ukraine joining the EUF

Aug 8, 2023 • 9:25

Latin American central banks’ head start

Latin American central banks’ head start

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 investorsBritain’s investors shy away from UK defence companiesRegional lenders struggle to get off government life

Aug 7, 2023 • 9:09

Peak social media: Building better platforms

Peak social media: Building better platforms

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 th

Aug 5, 2023 • 26:00

Bank of England continues interest rate rise campaign

Bank of England continues interest rate rise campaign

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 earningsApple profits rise as services arm surpasses 1bn usersBank of England raises interest rates by 0.25 percentage pointsTreasury yields keep climbing afte

Aug 4, 2023 • 10:29

A hard landing for Europe?

A hard landing for Europe?

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 outlookLuxury sector slows after ‘bonkers’ post-pandemic spending spreeWhy Nissan’s woes in China are not ju

Aug 3, 2023 • 8:43

Trump indicted over attempt to overturn 2020 election

Trump indicted over attempt to overturn 2020 election

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 electionUber makes first operating profit after racking up $31.5bn of lossesFitch strips U

Aug 2, 2023 • 10:16

Booming markets neutralise impact of Fed's interest rate rises

Booming markets neutralise impact of Fed's interest rate rises

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 not

Aug 1, 2023 • 8:52

The economic impact of extreme heat

The economic impact of extreme heat

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 JapanWhat China’s economic measures mean in practiceHow an era of extreme h

Jul 31, 2023 • 9:47

Peak social media: The power of influencers

Peak social media: The power of influencers

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 ec

Jul 29, 2023 • 26:42

Stricter rules for US banks

Stricter rules for US banks

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 highRegulators announce ‘Basel III endgame’ rules for large US banksTwitter/X: maverick rebrand leaves Musk with a cros

Jul 28, 2023 • 9:17

US hits highest interest rates in 22 years

US hits highest interest rates in 22 years

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 yearsFaceb

Jul 27, 2023 • 9:09

A glimmer of hope for the global economy

A glimmer of hope for the global economy

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 performanceIMF upgrades forecasts but warns glo

Jul 26, 2023 • 8:52

Spain in political limbo

Spain in political limbo

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 collapseSpain faces uncertain political future after election deadlockWork dries up for US consultancies in

Jul 25, 2023 • 8:58

A missed shot for women’s football

A missed shot for women’s football

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 downgradesUK banks share more of the benefits of interest rate hikes

Jul 24, 2023 • 8:54

Peak social media: The debate over young users’ mental health

Peak social media: The debate over young users’ mental health

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

Jul 22, 2023 • 26:13

Treatments for Alzheimer’s, finally

Treatments for Alzheimer’s, finally

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 disappointThai election winner blocked from premiershipEli Lilly drug shown to slow Alzheimer’s progressionThe FT News Briefing is produced by Fiona Symon, Son

Jul 21, 2023 • 9:03

Signs of a UK inflation cool-down

Signs of a UK inflation cool-down

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 subscribersUK inflation falls more than expected to 7.9% in JuneCould the UK inflation crisis be at a turning po

Jul 20, 2023 • 10:29

Russia targets western companies

Russia targets western companies

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 assetsWall Street banks ditch bullish dollar bets over ‘soft landing’ hopesScorching Europe struggles to adapt to near-record temperaturesCarlos Ghosn says he filed $1bn lawsuit so Niss

Jul 19, 2023 • 9:29

China’s economic slump

China’s economic slump

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 fo

Jul 18, 2023 • 8:48

Can Tories prevent a massive defeat?

Can Tories prevent a massive defeat?

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 r

Jul 17, 2023 • 9:43

Peak social media: The ads machine

Peak social media: The ads machine

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;

Jul 15, 2023 • 27:05

ChatGPT generates US investigation

ChatGPT generates US investigation

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 risksPrince Mohammed bin Salman invited to visit UK in autumnRachman Review: Will this year’s climate talks be a washout?China’s youth left behind a

Jul 14, 2023 • 7:51

US inflation cools

US inflation cools

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 biteUS junk bond market shrinks as rising rates put off borrowers‘We’re not Amazon’: tensions with Ukraine surface at Nato summitThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino.

Jul 13, 2023 • 9:53

A big win for Microsoft’s Activision deal

A big win for Microsoft’s Activision deal

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 mergerMentioned in this podcast:Nvidia in talks to be an anchor investor in Arm IPOJPMorgan hires dozens of start-up bankers to capitalise on SVB collapseUS judge denies FTC attempt to block Microsoft’s Activision dealBehind the Money: Frances Haugen’s lessons

Jul 12, 2023 • 9:49

Nato torn over Ukraine’s membership bid

Nato torn over Ukraine’s membership bid

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 EuropeTop US bank watchdog outli

Jul 11, 2023 • 9:54

Loan losses mount for US banks

Loan losses mount for US banks

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 plansWall St to report biggest jump in loan losses since pandemicVietnam becomes vital link in supply chain as business pivots from

Jul 10, 2023 • 8:09

The Congo river conservation debate

The Congo river conservation debate

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 dataJanet Yellen to visit China in new US push to eas

Jul 7, 2023 • 10:01

Protecting elephants in the Congo River Basin

Protecting elephants in the Congo River Basin

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 cen

Jul 6, 2023 • 10:08

Tracking the gorillas of the Congo Basin

Tracking the gorillas of the Congo Basin

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 sanctionsIn search of the ‘village of the elephants’, deep in the central African rainforestEight injured after car rams pedestr

Jul 5, 2023 • 10:48

A deep look inside the Congo River Basin

A deep look inside the Congo River Basin

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

Jul 4, 2023 • 10:04

France’s George Floyd moment

France’s George Floyd moment

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 h

Jul 3, 2023 • 10:19

Peak social media: Trouble at Twitter

Peak social media: Trouble at Twitter

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

Jul 1, 2023 • 29:28

The Thames Water debt debacle

The Thames Water debt debacle

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 Sup

Jun 30, 2023 • 9:54

Banks try to avoid ending up like SVB

Banks try to avoid ending up like SVB

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 lendersOdey Asset Management in talks with SW Mitchell over Oliver Kelton’s fundsWall Street shares waver as central bankers warn of m

Jun 29, 2023 • 8:37

Japan goes all in on chips

Japan goes all in on chips

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 leaderUS Supreme Court affirms state courts’ authority over election r

Jun 28, 2023 • 7:59

Wagner head downplays attack on Russia

Wagner head downplays attack on Russia

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 bidBets on bond renaissance frustrated by stubbornly high inflationChina’s biggest IPO in years poses $9bn que

Jun 27, 2023 • 9:15

Wagner’s 24-hour coup

Wagner’s 24-hour coup

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 electionsWagner troops withdraw as Russian uprising leaves Putin weakenedInvestor scepticism remains after Turkey

Jun 26, 2023 • 9:39

The housing supply problem

The housing supply problem

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 accommodationTurning offices into condos: New York after the pandemicThe Fed’s waiting game: is the US economy finally starting to crack?How stubborn inflation has undermined the UK housing marketThe FT News Briefing is prod

Jun 25, 2023 • 25:39

The UK’s ‘mortgage bomb’

The UK’s ‘mortgage bomb’

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 oppositionBank of England raises interest rates by 0.5 percentage pointsMass UK house repossessions unlikely d

Jun 23, 2023 • 9:54

Modi tries to deepen US tech ties

Modi tries to deepen US tech ties

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 tiesWashington’s embrace of Modi carries a priceFTC alleges Amazon ‘tricked a

Jun 22, 2023 • 9:28

The trials and tribulations of AI voice tech

The trials and tribulations of AI voice tech

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 coolsHunter Biden hit with federal tax and firearm chargesCan AI make me a musical star?The FT News Briefing is produced by Fiona

Jun 21, 2023 • 11:03

US and China meet in an attempt to ease tensions

US and China meet in an attempt to ease tensions

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 BlinkenWhich flying taxi will take off first?Amazon, Hilton and Starbucks to hire thousands of refugees across EuropeThe FT News Briefing was produced by Fiona Symon and Josh Gabe

Jun 20, 2023 • 10:22

AstraZeneca could spin off China business

AstraZeneca could spin off China business

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 tensionsFrance summons allies in challenge to German-led air defence plan Cuts to investment in diversity threaten gainsHunt tells ministers to quicken adoption of AI to boos

Jun 19, 2023 • 8:09

Martin Wolf on saving democratic capitalism: epilogue

Martin Wolf on saving democratic capitalism: epilogue

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 def

Jun 18, 2023 • 20:20

Martin Wolf on saving democratic capitalism: Hillary Clinton

Martin Wolf on saving democratic capitalism: Hillary Clinton

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 genera

Jun 17, 2023 • 41:42

Central banks all over the place

Central banks all over the place

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 2001Chinese economic data fuels gloom over recoverySaudi Arabia spends b

Jun 16, 2023 • 11:40

Fed skips an interest rate increase

Fed skips an interest rate increase

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 comeBoris Johnson found to have committed ‘multiple’ contempts of parliament‘Stream’ and ‘Torch’: the Gazprom-backed

Jun 15, 2023 • 10:36

The housing supply problem: Part 4

The housing supply problem: Part 4

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 planJPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuitThe Fe

Jun 14, 2023 • 9:47

The Crispin Odey investigation

The Crispin Odey investigation

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 shippingSilvio Berlusconi, Italian prime minister, 1936-2023How Crispin Odey evaded sexual assault allegations for decadesThe FT News B

Jun 13, 2023 • 10:33

Scotland’s Sturgeon arrested

Scotland’s Sturgeon arrested

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 financesJohnson quits parliament in protest at MPs’ ‘kangaroo court’Trump indictment’s sharp details seen as ‘daunting for the defence’&

Jun 12, 2023 • 9:45

Martin Wolf on saving democratic capitalism: resisting autocracy

Martin Wolf on saving democratic capitalism: resisting autocracy

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 capitali

Jun 10, 2023 • 43:13

Rishi Sunak comes to Washington

Rishi Sunak comes to Washington

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

Jun 9, 2023 • 9:04

Introducing Unhedged

Introducing Unhedged

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.

Jun 8, 2023 • 0:58

The housing supply problem: Part 3

The housing supply problem: Part 3

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 dataIndia’s surging rail investment fails to avert disasterTurning offices

Jun 8, 2023 • 10:08

Sequoia Capital to spin off its China business

Sequoia Capital to spin off its China business

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 Chines

Jun 7, 2023 • 8:10

SEC sues world’s largest crypto exchange

SEC sues world’s largest crypto exchange

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 regulatorsSliding German butter prices spread hope of lower food inflation China’s car market has become a Darw

Jun 6, 2023 • 8:26

A daring high-wire act: Inside the Asda buyout

A daring high-wire act: Inside the Asda buyout

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 fundingSaudi Arabia seeks to boost oil price with output cut of 1mn barrels a dayAsda chair defends £2.3bn deal for UK operations of sister group EGTurkey’s

Jun 5, 2023 • 11:11

FTNB Live! FT Weekend Fest in Washington DC

FTNB Live! FT Weekend Fest in Washington DC

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. 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 ex

Jun 4, 2023 • 24:12

Martin Wolf on saving democratic capitalism: the ‘democratic recession’

Martin Wolf on saving democratic capitalism: the ‘democratic recession’

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’.LinksMartin Wolf: in defence of democratic capit

Jun 3, 2023 • 43:28

What did the fight over the US debt ceiling cost?

What did the fight over the US debt ceiling cost?

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 clampdownChuck Schumer

Jun 2, 2023 • 8:50

The housing supply problem: Part 2

The housing supply problem: Part 2

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 billHomesharing offers a cheaper alternative to rental accommodationThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith.

Jun 1, 2023 • 9:04

Wall Street gives crypto a chance

Wall Street gives crypto a chance

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 companiesUS Congress: how investment funds becam

May 31, 2023 • 9:25

Ageing populations hit government credit ratings

Ageing populations hit government credit ratings

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 votesTurkey’s lira weakens as economists warn of economic challengeAgeing populations ‘already hitting’ governments’ credit ratingsThe FT News Briefing is prod

May 30, 2023 • 10:00

Martin Wolf on saving democratic capitalism

Martin Wolf on saving democratic capitalism

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 capitalismFor Martin’s FT columns click hereFo

May 29, 2023 • 46:37

Nvidia closes in on the trillion dollar club

Nvidia closes in on the trillion dollar club

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 bankruptciesNvidia races towards $1tn club as AI frenzy drives chip stocks higherThe latest on Turkish electionsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s edi

May 26, 2023 • 8:39

The housing supply problem: Part I

The housing supply problem: Part I

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 disappointsAustralian government refers PwC tax leaks scandal to policeThe FT News Briefing is produced by Fiona Sym

May 25, 2023 • 12:11

A new gold rush

A new gold rush

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 powerhouseUK set to lose solar investment after developer criticises lack of incentivesWhy investors are going gaga for goldThe new gold boom: how long c

May 24, 2023 • 8:26

Adani tries to win back investors

Adani tries to win back investors

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 restrictionsFacebook owner Meta hit with record €1.2bn fine over EU-US data transfersAdani seeks to woo bankers

May 23, 2023 • 8:08

 China bans Micron’s products from key infrastructure

China bans Micron’s products from key infrastructure

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 near

May 22, 2023 • 10:56

TikTok spied on our reporter

TikTok spied on our reporter

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 contentTikTok spied on me. Why?G7 host Japan seeks unity on threat from ChinaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Fil

May 19, 2023 • 9:33

Will the digital euro come online?

Will the digital euro come online?

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 yearJapan stock index hits 33-year high as investors warm to Tokyo storyThe digital euro: a solution seeking a problem?The FT News Briefing is produced by Fiona Symon, Sonja Hutson an

May 18, 2023 • 8:14

US sues to block drug merger

US sues to block drug merger

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 dealItaly overhauls plans for €200bn in EU Covid recovery fundsUkraine says it repelled ‘exceptional’ barrage of Russian missil

May 17, 2023 • 9:43

Ford to scale back China investments

Ford to scale back China investments

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 rivalsGreece’s ‘greatest turnround’: from junk to investment gradeRecord buyback spree attracts shareholder complaintsKrispy Kreme boss shrugs off UK’s ti

May 16, 2023 • 8:04

Turkey’s tight election

Turkey’s tight election

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

May 15, 2023 • 8:16

Markets shrug off potential US debt default

Markets shrug off potential US debt default

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 CEOEU plans Black Sea internet cable to reduce reliance on RussiaTurkish presidential candidate İnce quits race days before voteTurkey: Erdoğ

May 12, 2023 • 10:24

China makes a show of corporate raiding

China makes a show of corporate raiding

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 riseUS inflation eases to 4.9% in April as Fed tightening takes effectChina raids multiple offices of international consultancy CapvisionSpotify ejects t

May 11, 2023 • 8:18

Jack Dorsey’s Bluesky takes on Twitter

Jack Dorsey’s Bluesky takes on Twitter

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

May 10, 2023 • 8:16

Is commercial property the ‘next shoe to drop’?

Is commercial property the ‘next shoe to drop’?

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 2008US lenders warned that commercial property is ‘next shoe to drop’Chinese investment in Europe falls as watchdogs increase scrutinyThe

May 9, 2023 • 8:21

US debt ceiling deadline looms

US debt ceiling deadline looms

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 taxDebt ceiling diehard in rural Virginia vows to ‘call Democrats’ bluff’Yellen warns of ‘constitutional crisis’

May 8, 2023 • 9:22

Another rough day for US regional banks

Another rough day for US regional banks

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 saleWhat’s changed for regional banks this week?Apple reports weaker revenue for a second straight quarterEd Sheeran wins ‘Let’s

May 5, 2023 • 8:26

Fed hints it might pause rate hikes

Fed hints it might pause rate hikes

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 pauseRussia accuses Ukraine of attempting to assassinate Vladimir P

May 4, 2023 • 9:43

US regional bank stocks still under pressure

US regional bank stocks still under pressure

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 sharesRefurbished iPhones boost Apple’s share of Indian marketDeutsche Bank plans to beef up inv

May 3, 2023 • 8:57

Jamie Dimon’s big win

Jamie Dimon’s big win

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 reboundJPMorgan to acquire First Republic’s deposits as US regulators step inGermany looks to immigration refo

May 2, 2023 • 10:54

First Republic in limbo

First Republic in limbo

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 RepublicUS urges South Kore

May 1, 2023 • 10:25

Big Tech props up US stocks

Big Tech props up US stocks

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 goTraditional investors are learning it’s tricky to be pickyEuropean commercial real estate dealmaking falls to 11-year lowThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc F

Apr 28, 2023 • 9:23

The Magic Kingdom goes to war

The Magic Kingdom goes to war

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 higherWalt Disney sues Ron DeSantis over ‘retaliation’ for ‘Don’

Apr 27, 2023 • 8:49

Sudanese refugees pour into Chad

Sudanese refugees pour into Chad

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 growthSudan crisis threatens to bring fresh turmoil to neighbouring ChadSharp sell-off in First Republic

Apr 26, 2023 • 9:35

UBS’s Credit Suisse challenge

UBS’s Credit Suisse challenge

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 votersHunt admits UK business taxes are too high as government pressed on strategyCredit Suisse suffered $69bn in outflows during first-quarter crisisLV

Apr 25, 2023 • 9:00

America's dollar stores get a makeover

America's dollar stores get a makeover

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 dealmakersDominic Raab resigns as UK deputy prime minister over bullying claimsAmerica’s dol

Apr 24, 2023 • 11:27

Introducing Behind the Money: Night School

Introducing Behind the Money: Night School

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 journa

Apr 22, 2023 • 17:54

Credit Suisse bondholders sue

Credit Suisse bondholders sue

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

Apr 21, 2023 • 8:28

Ukraine pleads for air defence missiles

Ukraine pleads for air defence missiles

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 cutsMilitary briefing: Ukraine pleads for missiles as air defence stocks run lowGermany set to legalise personal use of cannabisThe FT News Bri

Apr 20, 2023 • 8:55

The TikTok divide

The TikTok divide

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 TikTokMentioned in this podcast:Bank of America plans 4,000 job cuts despite strong resultsFive takeaways f

Apr 19, 2023 • 10:34

A power struggle in Sudan

A power struggle in Sudan

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 tensionsSu

Apr 18, 2023 • 11:04

Turkey’s voters lose faith in Erdogan

Turkey’s voters lose faith in Erdogan

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 committ

Apr 17, 2023 • 8:56

The quantum revolution: The way the world is

The quantum revolution: The way the world is

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 Madhumit

Apr 15, 2023 • 23:41

Open AI’s ‘red team’

Open AI’s ‘red team’

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 onlineOpenAI’s red team: the experts hired to ‘break’ ChatGPTThe FT News Briefing is produced by Fiona Symon, Sonja Hutson

Apr 14, 2023 • 10:20

Emerging markets debt crunch

Emerging markets debt crunch

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 $500mnInflation eased to the lowest level in nearly two years in March Poorest countries’

Apr 13, 2023 • 9:55

EY: Breaking up is hard to do

EY: Breaking up is hard to do

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 dissentIMF warns of ‘hard landing’ for global economy if inflation persistsEuropean airline industry warns of €‎800bn bill to reach net zeroThe FT News Briefing is produced b

Apr 12, 2023 • 9:42

Rise of the Russian informer

Rise of the Russian informer

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 p

Apr 11, 2023 • 9:59

The rising influence of Mrs Assad

The rising influence of Mrs Assad

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 driveSyria’s state capture: the rising influence of Mrs AssadThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by P

Apr 10, 2023 • 9:31

The quantum revolution: Brain waves

The quantum revolution: Brain waves

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

Apr 8, 2023 • 22:13

Ukraine’s plans for Crimea

Ukraine’s plans for Crimea

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 threatUkraine ‘ready’ to talk to Russia on Crimea if count

Apr 6, 2023 • 8:51

Trump pleads not guilty

Trump pleads not guilty

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 YorkCredit Suisse chair apologises to investors at bank’s final AGMHSBC forced to defend SVB UK deal to fractious Hong Kong shareholdersCredit Bloomberg Televsion: C

Apr 5, 2023 • 9:09

EU pressures China to help end war in Ukraine

EU pressures China to help end war in Ukraine

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 th

Apr 4, 2023 • 10:29

The cases against Trump

The cases against Trump

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 n

Apr 3, 2023 • 10:27

 The quantum revolution: First port of call

The quantum revolution: First port of call

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 art

Apr 1, 2023 • 25:20

Oleksandr Gryban: Investing in Ukraine’s future

Oleksandr Gryban: Investing in Ukraine’s future

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 ManhattanInside North Korea’s oil smuggling: triads, ghost ships and underground bank

Mar 31, 2023 • 10:33

Binance hid links to China

Binance hid links to China

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 EuropeWhy UBS brought Sergio Ermotti back as chief executiveBinance hid extensi

Mar 30, 2023 • 11:03

Beijing’s big bailouts

Beijing’s big bailouts

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 boomChina grants bailouts as Belt and Road Initiative faltersUS cha

Mar 29, 2023 • 9:48

Israel’s PM Netanyahu agrees to postpone judicial reforms

Israel’s PM Netanyahu agrees to postpone judicial reforms

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 UkraineFirst Citizens to buy failed Silicon Valley BankReut

Mar 28, 2023 • 10:07

Money market madness

Money market madness

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 H

Mar 27, 2023 • 10:05

The quantum revolution: ‘Spooky action’

The quantum revolution: ‘Spooky action’

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.Presented by Madhumita Murgia

Mar 25, 2023 • 25:23

A congressional TikTok smackdown

A congressional TikTok smackdown

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

Mar 24, 2023 • 11:25

The Fed passes on a pause

The Fed passes on a pause

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 turmoilFT business school rankingsGlobal MBA Ranking 2023: change at the topDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is pr

Mar 23, 2023 • 9:39

Banking crisis complicates interest rate decisions

Banking crisis complicates interest rate decisions

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

Mar 22, 2023 • 10:30

Will a $3bn bailout be enough for Sri Lanka?

Will a $3bn bailout be enough for Sri Lanka?

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

Mar 21, 2023 • 10:16

UBS agrees to buy Credit Suisse

UBS agrees to buy Credit Suisse

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 b

Mar 20, 2023 • 10:03

The quantum revolution: The race to build a quantum computer

The quantum revolution: The race to build a quantum computer

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

Mar 19, 2023 • 20:51

Wall Street banks rescue First Republic

Wall Street banks rescue First Republic

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 $30b

Mar 17, 2023 • 9:45

Swiss central bank backs Credit Suisse

Swiss central bank backs Credit Suisse

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 plungeJeremy Hunt’s “Budget for growth” boosts UK childcare VW ramps up investments in electric car transition with €180bn injectionDownload the FT Edit app he

Mar 16, 2023 • 10:23

The Fed’s SVB balancing act

The Fed’s SVB balancing act

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 Valle

Mar 15, 2023 • 10:27

SVB jitters spread to global markets

SVB jitters spread to global markets

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 stocksUS and European bank stocks tumble as investors fret over SVB falloutFirst Republic and other US regional banks tumble over fears of deposit

Mar 14, 2023 • 9:45

SVB’s cardinal sin

SVB’s cardinal sin

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 bankerUK government tried to find buyer for

Mar 13, 2023 • 11:29

The quantum revolution: Q-Day

The quantum revolution: Q-Day

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

Mar 11, 2023 • 26:04

Silicon Valley Bank rattles Wall Street

Silicon Valley Bank rattles Wall Street

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 portfoliosMexico’s peso hits five-year high on interest rates and US benefitsFrance and U

Mar 10, 2023 • 10:16

Britain’s stuck economy

Britain’s stuck economy

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 expertsWhat does Xi Jinping’s tighter regulatory grip on China mean

Mar 9, 2023 • 10:06

 How Hindenburg shorted Adani

How Hindenburg shorted Adani

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 risesWomen still struggling to close corporate America’s gender gapCredit: C-SPAN

Mar 8, 2023 • 10:42

FTX trading arm sues Grayscale

FTX trading arm sues Grayscale

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 investmentsChinese companies choose Switzerl

Mar 7, 2023 • 10:25

China’s military spending to outpace economic growth

China’s military spending to outpace economic growth

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 rolloutChina’s military budget outpaces economic growth in shift to securityXi Jinping set to overhaul China’s

Mar 6, 2023 • 10:22

Introducing Tech Tonic Season 6: The Quantum Revolution

Introducing Tech Tonic Season 6: The Quantum Revolution

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 wor

Mar 3, 2023 • 1:42

London Stock Exchange gets the cold shoulder

London Stock Exchange gets the cold shoulder

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 bustingBuildings giant CRH plans to move listing from London to New YorkGlobal economy: will higher wages

Mar 3, 2023 • 9:16

Salesforce catches a break

Salesforce catches a break

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 fightBridgewater to cut jobs and cap flagship fund in post-Dalio overhaulChinese factories launch charm offensive for buyers after Covid isolationDownload the FT Edit app here: ft.com/fteditThe F

Mar 2, 2023 • 8:36

Goldman’s big bet

Goldman’s big bet

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 businessLondon’s most expensive ever house sale lined up after Saudi loan expires Credit: CNBC Goldman CEO says asset management is the new growth engine, wil

Mar 1, 2023 • 10:07

A big step for Brexit

A big step for Brexit

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 USUnhedged: 2022 never endedEU and UK strike Brexit deal on Northern IrelandCredit: The Telegraph Rishi Sunak and Von der Leyen announce Northern

Feb 28, 2023 • 10:06

The future of the World Bank

The future of the World Bank

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 rateAjay Banga, World Bank nominee must swap finance

Feb 27, 2023 • 10:08

Ukrainian filmmaker Nadia Parfan on art and resistance

Ukrainian filmmaker Nadia Parfan on art and resistance

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

Feb 24, 2023 • 20:18

Life in a war zone

Life in a war zone

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 UkraineThe Rachman Review podcastDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by P

Feb 23, 2023 • 9:18

The economics of Russia’s war in Ukraine

The economics of Russia’s war in Ukraine

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 highBehind the Money PodcastFT Live: Putin’s war on Ukraine: One year onDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Je

Feb 22, 2023 • 9:11

Russia’s ‘second front’

Russia’s ‘second front’

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 easesHow Moscow bought a new sphere of influence on the cheapHow Russia’s propaganda machine is reshaping the African narrative Download the FT Edit app here: ft.com/fteditThe FT News Briefing is pro

Feb 21, 2023 • 11:08

Biden in Poland for Ukraine war anniversary

Biden in Poland for Ukraine war anniversary

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 UkraineUK defence secretary: Russia’s ‘big’ Ukraine offensive advancing in ‘metres not kilometres’Germany faces repeat of 2015 refugee crisis as 1mn Ukrainians seek safetyDownload the FT Ed

Feb 20, 2023 • 10:46

Nigeria’s ‘democracy generation’

Nigeria’s ‘democracy generation’

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 downUkraine war pu

Feb 17, 2023 • 10:00

The SEC’s crypto crackdown

The SEC’s crypto crackdown

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 JuneUS crackdown turns up the heat on crypto marketNicola Sturgeon quits as Scotland’s first ministerDownload t

Feb 16, 2023 • 9:30

Dispatch from northwest Syria

Dispatch from northwest Syria

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 materialiseErdoğan under fire as shoddy Turkish building standards exposed by earthquakeUS inflation cools slightly in JanuaryDownload the FT E

Feb 15, 2023 • 9:40

US regulators go after non-competes

US regulators go after non-competes

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 notesUS companies mount resistance to proposed ban on non-compete clausesFT Live: Putin’s war on Ukraine: One year onLina Khan on CNBCDownload the FT Edit app h

Feb 14, 2023 • 9:19

Syrian refugees in Turkey face rising hostility

Syrian refugees in Turkey face rising hostility

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 hostsYouTube Shorts takes on TikTok in battle for younger usersDownload the FT Edit app here: ft.com/f

Feb 13, 2023 • 9:36

Credit Suisse’s big slump

Credit Suisse’s big slump

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 tensionsNelson Peltz calls off Disney proxy fightCredit Suis

Feb 10, 2023 • 9:24

Disney to axe 7,000 jobs

Disney to axe 7,000 jobs

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 planUK regulator deals blow to Microsoft’s $75bn Activision dealActivision Blizzard chief: UK would lose out if it blocks Microsoft d

Feb 9, 2023 • 10:22

Adani scrambles to reassure investors

Adani scrambles to reassure investors

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 earthquakeDesperate victims of Turkish earthquake

Feb 8, 2023 • 8:56

The jig is up for the Texas two-step

The jig is up for the Texas two-step

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 privat

Feb 7, 2023 • 8:46

 Unhedged’s Rob Armstrong on a puzzling US economy

Unhedged’s Rob Armstrong on a puzzling US economy

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-electionUBS profits rise after Credit Suisse client defectionsDeutsc

Feb 6, 2023 • 9:11

Markets’ dove-coloured glasses

Markets’ dove-coloured glasses

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 woesMeta shares soar on resilient revenue and share buybacksECB raises rates by 0.5 percentage points as Lagarde commits to ‘stay the course’Bank of England raises interest rates by

Feb 3, 2023 • 10:20

Federal Reserve slows pace of rate rises

Federal Reserve slows pace of rate rises

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 comeA

Feb 2, 2023 • 9:58

Do meme stonks still stink?

Do meme stonks still stink?

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 subsidiesMeme-stock groups have raised $5bn in 2 y

Feb 1, 2023 • 9:48

Renault and Nissan reach a deal to save alliance

Renault and Nissan reach a deal to save alliance

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 reopensWashington halts l

Jan 31, 2023 • 11:04

Nelson Peltz versus Disney

Nelson Peltz versus Disney

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 li

Jan 30, 2023 • 9:48

Nigeria’s $11bn court challenge

Nigeria’s $11bn court challenge

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 cutsEconomists question South American currency plan

Jan 27, 2023 • 10:09

Tesla sees a bumpy road ahead

Tesla sees a bumpy road ahead

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 challengesUS economic growth set to have slowed in fourth quarter of 2022Investors pump trillions of dollars a day into ultra-safe Fed facilityBank of Canada signals li

Jan 26, 2023 • 10:30

Microsoft cloud business holds up

Microsoft cloud business holds up

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 m

Jan 25, 2023 • 8:44

Germany’s tank dilemma

Germany’s tank dilemma

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 BeijingOil market braces for fresh turmoil as EU prepares to cut off Russian dieselWhy are Ukraine’s allies arguing abou

Jan 24, 2023 • 8:20

A Latin American common currency?

A Latin American common currency?

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 currencyWestern banks struggle to exit Russia aft

Jan 23, 2023 • 10:29

Netflix's CEO steps down

Netflix's CEO steps down

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 executiveCentral bankers pledge to ‘stay the course’ on high interest ratesCompanies

Jan 20, 2023 • 9:26

US expected to hit debt ceiling

US expected to hit debt ceiling

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 splurgeMicrosoft to cut 10,000 jobs in push to bring down costsThe US hits the debt ceiling today. What happens next?FT podcast surveyThe FT News Briefing is produced by Fiona Symon, S

Jan 19, 2023 • 10:52

Beijing’s new tech control strategy

Beijing’s new tech control strategy

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 unitChina moves to take ‘golden shares’ in Alibaba and Tencent unitsChina te

Jan 18, 2023 • 10:31

Berlin beats back Big Tech

Berlin beats back Big Tech

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

Jan 17, 2023 • 8:47

The FT heads to Davos

The FT heads to Davos

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 madeBuy now, pay later demand soars among all age groups in the UKSpecial subscription off

Jan 16, 2023 • 8:44

Pakistan’s debt crisis

Pakistan’s debt crisis

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 yearPakistan secures more than $9bn of pledges for post-flood recoverySweden discovers biggest rare earths deposit in EUAccess 50% of

Jan 13, 2023 • 9:23

Moscow’s military reshuffle

Moscow’s military reshuffle

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 failedRussian forces may have scored rare success in battle near BakhmutMilitary briefing: Ukraine’s hopes lift as western allies as

Jan 12, 2023 • 9:11

Toyota’s EV struggle

Toyota’s EV struggle

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 staffToyota leasing unit warns of ‘unprecedented’ challenge to boost EV salesBio

Jan 11, 2023 • 9:30

White House under pressure to expel Bolsonaro

White House under pressure to expel Bolsonaro

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 protestsBeijing blocks listings of ‘red light’ companies to steer funding to strategic

Jan 10, 2023 • 9:19

Bolsonaro supporters storm Brazil’s capital

Bolsonaro supporters storm Brazil’s capital

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 CongressThe new Gulf sovereign wealth fund boomThe FT News Briefi

Jan 9, 2023 • 10:44

Crypto bank’s ‘crisis of confidence’

Crypto bank’s ‘crisis of confidence’

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 DecemberSilvergate shares tumble as crypto bank reveals $8.1bn fall in depositsThe strange death of the company phone numberThe FT News Briefing is produced by Fiona Symon

Jan 6, 2023 • 10:07

Falling inflation in Europe

Falling inflation in Europe

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 risesUS inflation has not ‘turned the corner yet’, top IMF official warnsFalling French inflation sparks hope of end to Europe’s price surgeChina has under-represented its number of Co

Jan 5, 2023 • 8:25

Apple and Tesla start 2023 on the wrong foot

Apple and Tesla start 2023 on the wrong foot

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 NHSTesla shares slide after deliveries fall short of Wall St expectationsApple’s market value falls below $2tn as tech rout hits iPhone makerCommodities trading boom raises fear of big losses among

Jan 4, 2023 • 9:12

How did 2% become the magic inflation target?

How did 2% become the magic inflation target?

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 economistsThe Netherlands may be the first country to hit the limits of growthOpinion: It is time to re

Jan 3, 2023 • 9:32

Bankman-Fried’s $250mn bail

Bankman-Fried’s $250mn bail

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 yieldsUS stocks sink after strong data support further monetary tighteningThe FT News Briefing is produced by Fiona Symon, Sonja

Dec 23, 2022 • 10:30

UK childcare in crisis

UK childcare in crisis

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 officesMoney Clinic Podcast: Childcare in crisisTesla share slide sends valuation below ExxonMobilThe FT News Briefing is produced by Fiona Symon, Sonj

Dec 22, 2022 • 9:49

Bank of Japan stuns markets

Bank of Japan stuns markets

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 changeFTX clients to vie for priority payouts in US bankruptcy caseThe FT News Briefing is produced by Fiona Symon,

Dec 21, 2022 • 9:36

Wirecard on trial

Wirecard on trial

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’ claimsWirecard was ‘sloppily done fraud’, chief witness tells Munich courtBooming Chinese family

Dec 20, 2022 • 9:09

India ramps up lending to counter China

India ramps up lending to counter China

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 taxIndia’s plan to take on China as south Asia’s favo

Dec 19, 2022 • 9:34

Britain’s nurses launch historic strike

Britain’s nurses launch historic strike

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 soursMinisters reject nurses’ pay demand amid historic strikeWorld Cup: Lionel Messi mania diverts Argentina from its economic problemsThe FT News Briefing is produc

Dec 16, 2022 • 8:55

Fed enters a new phase

Fed enters a new phase

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 phaseRussia’s wartime economy: learning to live without importsBridgewater’s Ray Dalio invests in submarines for the ultra

Dec 15, 2022 • 8:47

Former FTX chief charged with fraud

Former FTX chief charged with fraud

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 collapseUS shares and bonds surge as inflation hits lowest level since December 2021How US scientists moved one step closer to dream of fusion powerThe FT News Briefing

Dec 14, 2022 • 9:12

Sam Bankman-Fried arrested in Bahamas

Sam Bankman-Fried arrested in Bahamas

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 BahamasGoldman considers h

Dec 13, 2022 • 10:58

 Spyware maker NSO hopes for a comeback

Spyware maker NSO hopes for a comeback

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 groupsUS fund managers cross Atlant

Dec 12, 2022 • 9:08

FTC hits pause button on video game deal

FTC hits pause button on video game deal

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 BlizzardKLM chief encourages passengers to take the train to cut emissionsMilita

Dec 9, 2022 • 10:29

Political turmoil in Peru

Political turmoil in Peru

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 battl

Dec 8, 2022 • 10:25

China’s next stage of the pandemic

China’s next stage of the pandemic

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 JanuaryChina’s elderly vaccine refuseniks pose obstacle for Xi JinpingThe women turning to sex work to make ends meetThe FT News Briefing

Dec 7, 2022 • 9:24

Could the 4-day work week…work?

Could the 4-day work week…work?

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 dataPwC targets rival EY in bid to expand partnershipWork

Dec 6, 2022 • 10:07

The struggle is real for investors in the high-rate era

The struggle is real for investors in the high-rate era

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 subsidiesOpec+ says ready to adjust oil output as Russia embargo loomsA year of pain: investors

Dec 5, 2022 • 10:51

The corporate backlash against net zero

The corporate backlash against net zero

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 oilEmerging m

Dec 2, 2022 • 10:50

Fed hints at less aggressive rate increase

Fed hints at less aggressive rate increase

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 monthEmmanuel Macron to use US visit to highlight Ukraine war’s economic toll on EUEurozone infl

Dec 1, 2022 • 9:15

Private equity’s mystery boxes

Private equity’s mystery boxes

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 economistsChina enlists Alibaba and Tencent in fight against US chip sanctions

Nov 30, 2022 • 10:08

Why are China’s nationwide protests happening now?

Why are China’s nationwide protests happening now?

Europe is importing a record amount of seaborne Russian gas, and Rolls-Royce has successfully tested hydrogen instead of conventional jet fuel to power a modern aircraft engine. Plus, the FT’s Europe-China correspondent, Yuan Yang, explains why the protests in China are supported by a rare nationwide coalition of interests. Mentioned in this podcast:Europe’s imports of Russian seaborne gas jump to record highRolls-Royce tests hydrogen-fuelled aircraft engine in aviation world firstChina’s z

Nov 29, 2022 • 10:04

China rocked by protests against ‘zero-Covid’ policies

China rocked by protests against ‘zero-Covid’ policies

Zero-Covid protests in Shanghai escalated on Sunday evening as police struggled to disperse large crowds who gathered in the city, and Iranian protests continue but businesses are reluctant to join. Plus, the FT’s Brussels bureau chief, Sam Fleming, discusses the EU’s latest refugee crisis. Mentioned in this podcast:China rocked by protests as zero-Covid anger spreadsChina’s zero-Covid protests create a rare nationwide coalition of interestsThe system is overwhelmed: Europe’s migrant influx‘Litt

Nov 28, 2022 • 10:11

Martin Wolf: The geopolitical threat to globalisation

Martin Wolf: The geopolitical threat to globalisation

The FT’s chief economics commentator, Martin Wolf, discusses why geopolitics could be the biggest threat to globalisation. Mentioned in this podcast:Geopolitics is the biggest threat to globalisationThe 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. Th

Nov 24, 2022 • 10:11

Qatar’s bet on the World Cup

Qatar’s bet on the World Cup

Mortgage rates in the UK on five-year fixed deals have dipped below 6 per cent for the first time in nearly two months, and US retailers are facing their first real-terms fall in revenues since the global financial crisis this holiday season. Plus, the FT’s gulf correspondent, Simeon Kerr, explains why there’s so much pressure on Qatar as the country hosts the World Cup. Mentioned in this podcast:Mortgage rates on five-year fixes tip below 6 per cent US retailers face first real-terms

Nov 23, 2022 • 9:28

Bob Iger's back at Disney. But who comes next?

Bob Iger's back at Disney. But who comes next?

Austria’s central bank chief is calling for a third-straight 0.75 percentage point interest rate rise at the European Central Bank’s next meeting, Disney executives ousted Bob Chapek as CEO and re-installed Bob Iger, and oil prices had a hectic day yesterday but remain well below their summer peak. Plus, the UK’s appetite for bacon is back. Mentioned in this podcast:ECB’s Holzmann backs 0.75 percentage point increase in DecemberOil bounces off 10-month low after Saudi Arabia denies report o

Nov 22, 2022 • 10:52

Cracks in the US Treasury bond market

Cracks in the US Treasury bond market

A report finds that large asset managers are invested in companies allegedly linked to the repression of Uyghur Muslims, and Lebanese households and businesses are installing renewables to bypass the country’s power crisis. Plus, the FT’s Kate Duguid explains why we’re starting to see cracks in the US Treasury bond market and whether there is cause for concern. Mentioned in this podcast:MSCI investors at risk of exposure to Xinjiang allegations, report saysLebanon’s failing state forces unp

Nov 21, 2022 • 10:42

The UK chancellor’s new plan

The UK chancellor’s new plan

The world’s largest cryptocurrency fund has become embroiled in the turmoil swirling around the troubled sector, Jeremy Hunt announces a £55bn fiscal squeeze as UK economic outlook darkens, and negotiators at the COP27 UN climate conference in Egypt burned the midnight oil to eke out an agreement before the conference closes today.Mentioned in this podcast:World’s largest crypto fund swept into FTX stormCOP27 enters frenetic final stretchCOP27: The loss and damage debate is intensifyingJeremy Hu

Nov 18, 2022 • 9:01

Crypto broker Genesis halts withdrawals

Crypto broker Genesis halts withdrawals

UK chancellor Jeremy Hunt is set to unveil a massive package of tax rises and spending cuts, crypto broker Genesis Trading suspended withdrawals, and Iraq is reeling from a massive corruption scandal. Mentioned in this podcast:Crypto broker Genesis Trading halts withdrawals at lending unitHunt prepares bid to repair Britain’s tarnished economic reputationIraq reels from $2.5bn tax ‘heist of the century’ FT Crossword appThe FT News Briefing is produced by Fiona Symon, Sonja Hutson

Nov 17, 2022 • 9:36

Twitter’s ‘collision course’ with EU

Twitter’s ‘collision course’ with EU

A landmark tech regulation law goes into effect in Europe, Russia targeted Ukraine’s power infrastructure in an air raid, and the Japanese Yen is rebounding from 32-year lows. Mentioned in this podcast:Yen rebounds from 32-year lows on hopes for slower Fed rate risesElon Musk’s Twitter on ‘collision course’ with EU regulatorsMilitary briefing: what’s next after KhersonThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additiona

Nov 16, 2022 • 8:13

Amazon set for big job cuts

Amazon set for big job cuts

Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector.Mentioned in this podcast:Amazon prepares for mass job cuts in latest sign of Big Tech belt-tighteningGoogle hit with its biggest US privacy penalty in $391.mn settlementChinese property stocks soar on hopes of turning point for sectorThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess

Nov 15, 2022 • 10:04

Apple’s bargain with Beijing

Apple’s bargain with Beijing

Digital asset exchanges are rushing to reassure clients that their funds are safe as the FTX collapse ricochets through the industry, a top Federal Reserve official says the US central bank is entering a new phase of policy tightening that will be harder to navigate, and Apple’s reliance on China leaves the business vulnerable to supply chain shocks.Mentioned in this podcast:Crypto exchanges race to soothe clients’ nerves after FTX collapseFed faces tough task deciding when to stop raising rates

Nov 14, 2022 • 10:45

FT Weekend has moved!

FT Weekend has moved!

Wondering where FT Weekend has gone? We've stopped publishing on the FT News Briefing feed! To subscribe to our own feed wherever you listen, click here: https://link.chtbl.com/ftweekend. Hosted on Acast. See acast.com/privacy for more information.

Nov 12, 2022 • 0:50

FTX founder’s mega mea culpa

FTX founder’s mega mea culpa

US stocks roared ahead on Thursday in their strongest day in more than two and a half years, and FTX's founder apologizes for the cryptoexchange's collapse. Plus, how a breakaway firm from PwC is testing western sanctions against Russia. Mentioned in this podcast:US stocks surge on lower than expected inflation dataSam Bankman-Fried apologises for FTX crisisAccountants in Cyprus break from PwC to retain Russia-linked clientsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc F

Nov 11, 2022 • 9:46

US midterm elections: what we know so far

US midterm elections: what we know so far

Binance backs out of its deal with FTX, Joe Biden and the Democrats avoided sweeping defeats but still risked losing control of Congress to the Republicans, and the FT’s Rob Armstrong explains why a potentially divided Congress could hurt investors. Mentioned in this podcast:Republican blame game begins: ‘We want a genuine conservative’Unhedged: Divided government, diminished profitsBinance ditches deal to rescue rival crypto exchange FTXThe FT News Briefing is produced by Fiona Symon, Sonj

Nov 10, 2022 • 9:29

Binance set to buy FTX

Binance set to buy FTX

Americans voted in crucial midterm elections yesterday, cryptocurrency exchange Binance agreed to buy rival FTX, and TikTok has slashed its worldwide revenue targets for 2022 by at least $2bn.Mentioned in this podcast:Midterm elections 2022: what Republicans may do with a House majorityBinance rescues crypto rival FTXTikTok slashes revenue targets by at least $2bnTikTok overhauls US business following advertising slumpSwamp Notes: Memo to Dems: sanctimony won’t save the republicUzbekistan lobbie

Nov 9, 2022 • 9:39

COP27: South Africa’s tricky shift from coal

COP27: South Africa’s tricky shift from coal

UK prime minister Rishi Sunak says Britain and France are in the ‘final stage’ of reaching a deal over migrant crossings, and cyber experts are worried about misinformation on Twitter during the US midterms elections. Plus, the FT’s David Pilling explains why, despite $8.5bn, South Africa is having a hard time moving away from coal. Mentioned in this podcast:UK and France in ‘final stage’ of reaching deal over Channel crossings, says SunakCyber experts warn of Twitter misinforma

Nov 8, 2022 • 8:52

TSMC's chip challenge

TSMC's chip challenge

The European Central Bank has clashed with UniCredit over the Italian lender’s plans to return cash to shareholders and its failure to leave Russia, the world’s leading semiconductor producer, TSMC, is battling to stay ahead as world demands ever-smaller chips, the US Supreme Court’s decision to toss out constitutional abortion protections takes employer involvement in women’s health up another notch. Mentioned in this podcast:ECB and UniCredit clash over capital plans and Russia presenceT

Nov 7, 2022 • 10:57

Climate tech to save the planet: Out of thin air

Climate tech to save the planet: Out of thin air

Direct air carbon capture - taking carbon dioxide straight out of the air around us - sounds like science fiction. In this episode of Tech Tonic Pilita Clark visits Iceland to meet the engineers and scientists at the forefront of this new tech. Can carbon capture scale up quick enough to have an impact on climate change, or is it just an excuse to allow fossil fuel companies and emitters to keep polluting?Check out stories and up-to-the-minute news from the Technology team at ft.com/technologyTe

Nov 6, 2022 • 24:57

FTNB Special: your crash course to the US midterm elections

FTNB Special: your crash course to the US midterm elections

In this special episode of the FT News Briefing, listen to our four-part series on the US midterm elections. We go around the country to learn about some of the key issues on voters' minds, from inflation to election denialism. Think of it as your crash course for the election on November 8. Mentioned in this podcast:How abortion rights are upending the US midterm elections‘The headwinds are pretty strong’: Democrats’ midterms hopes falterDemocrats fear loss in Nevada as Hispanic voters turn to

Nov 5, 2022 • 28:45

Coming soon: Will climate tech save the planet?

Coming soon: Will climate tech save the planet?

The climate crisis threatens the future of the planet. But don’t worry, technology will save us. At least that’s the message from startups, innovators and investors. Are they right? In a new season of Tech Tonic FT columnist and climate journalist Pilita Clark discovers the tech scene’s latest moonshot efforts to fight climate change, from sucking carbon straight out of the air to the apparent energy miracle of nuclear fusion. Will these technologies be ready in time, or are they a dangerous was

Nov 4, 2022 • 1:31

Germany falls out of love with China

Germany falls out of love with China

The US labour market appears to be cooling, the Bank of England raised interest rates by 75 basis points, the biggest increase in 30 years, and Russia has rejoined a deal to allow grain exports from Ukraine through the Black Sea. Plus, the FT’s Yuan Yang explains why Germany is reconsidering its dependence on trade with China. Mentioned in this podcast:Tech groups cut jobs and pause hiring amid ‘leaner times’Bank of England raises interest rates by 0.75 percentage pointsGermany struggl

Nov 4, 2022 • 10:26

US midterms countdown: election deniers want your vote

US midterms countdown: election deniers want your vote

The Federal Reserve raised interest rates by 75 basis points for the fourth time in a row and warned rates would ultimately have to rise to a higher level than previously expected. Plus, today in our US midterm elections series, we will look at “election denial” candidates who’ve campaigned on the assertion that the 2020 election results are illegitimate. Mentioned in this podcast:Fed signals slower for longer approach to future rate risesHow Arizona became ground zero for election deniersT

Nov 3, 2022 • 10:01

Elon Musk’s juggling act

Elon Musk’s juggling act

The Federal Reserve is set to raise interest rates by 0.75 points for the fourth time in a row, and Pfizer raised its sales forecast for its Covid-19 vaccine by $2bn to $34bn on Tuesday. Plus, FT journalists examine whether Elon Musk will be able to run Twitter effectively in addition to several other companies. Mentioned in this podcast:Elon Musk has taken on two seriously difficult problems with TwitterTwitter Space recording: What can we expect from Twitter under Elon Musk?Pfizer lifts r

Nov 2, 2022 • 8:51

Lula’s comeback, Bolsonaro’s silence

Lula’s comeback, Bolsonaro’s silence

Joe Biden calls on US Congress to tax oil companies until they pump more oil, and Renault and Nissan close in on a deal to reshape their partnership. Plus, the FT’s Latin America editor, Michael Stott, discusses the presidential election in Brazil. Mentioned in this podcast:Biden to float tax penalties on oil companies reaping record profitsLula keeps investors guessing on his economic vision for BrazilRenault and Nissan close in on a deal to save longtime alliance The FT News Briefing is produc

Nov 1, 2022 • 10:04

Lula makes a comeback, Russia ends Ukraine grain deal

Lula makes a comeback, Russia ends Ukraine grain deal

Moscow’s decision to suspend the Black Sea agreement will lead to fresh spike in prices, experts warn, Wall St bankers are under pressure to offer heavy discounts on debt issued to Elon Musk to fund his acquisition of Twitter, European and US banks are offering higher interest rates to lure cash deposits, and thousands of Chinese workers have fled the world’s largest iPhone factory because of a coronavirus outbreak and intolerable lockdown measures.Mentioned in this podcast:Lula wins Brazil

Oct 31, 2022 • 10:05

FT Weekend: The Woman King, with producer Cathy Schulman

FT Weekend: The Woman King, with producer Cathy Schulman

This is the last week you’ll hear FT Weekend on this feed! To subscribe to our own feed wherever you listen, click here: https://link.chtbl.com/ftweekend-------This week, we talk about the Hollywood blockbuster The Woman King, starring Viola Davis. It's an epic that features a group of women warriors fighting for the kingdom of Dahomey—and it's got a lot of Oscar buzz. Lilah goes behind the scenes with Academy-Award winning producer Cathy Schulman to discuss what it took to get it made. Then, we

Oct 29, 2022 • 29:21

FT investigates KPMG Saudi Arabia

FT investigates KPMG Saudi Arabia

Big tech companies lost nearly $1tn in valuation this week, Credit Suisse announced a radical restructuring plan, and expats at KPMG’s Saudi Arabia office are blowing the whistle on working conditions there. Mentioned in this podcast:Brutal week for Big Tech with $1tn wiped off valuationsAmazon shares plummet after dismal sales forecast‘Radical surgery’: Will Credit Suisse’s gamble pay off?The plight of expat workers at KPMG Saudi ArabiaSubscribe to the FT Weekend podcastThe FT News Briefin

Oct 28, 2022 • 10:50

US midterms countdown: the GOP courts Hispanic voters

US midterms countdown: the GOP courts Hispanic voters

The International Energy Agency says the world’s fossil fuel consumption will peak at the end of this decade, and US GDP is expected to have increased in the third quarter. Plus, the FT News Briefing’s Sonja Hutson takes us to Pennsylvania, one of the many places where Republicans are making a play for Hispanic voters. Mentioned in this podcast:US GDP expected to have rebounded in the third quarterIEA forecasts fossil fuel demand will peak this decadeDemocrats fear loss in Nevada as Hispani

Oct 27, 2022 • 10:16

Google earnings fall on lower ad sales

Google earnings fall on lower ad sales

Alphabet reported an unexpectedly severe slowdown in its core search ads business, and the European Central Bank is going to start talks on shrinking its balance sheet. Plus, the FT’s Stefania Palma explains which US Supreme Court cases could have a major impact on businesses. Mentioned in this podcast:Alphabet shares knocked by sluggish revenue growthSolid cloud demand helps Microsoft offset PC market weaknessECB to start talks on shrinking balance sheet amid bond market turmoilFT Live eve

Oct 26, 2022 • 9:15

Rishi Sunak takes the reins

Rishi Sunak takes the reins

Chinese technology stocks sold off sharply after president Xi Jinping secured a third term as party leader. Plus, the FT’s chief features writer, Henry Mance, talks about former chancellor, and now prime minister, Rishi Sunak.Mentioned in this podcast:Rishi Sunak to become UK prime ministerChinese tech stocks tumble in US trading as Xi bolsters political powerDownload the FT Edit app The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is

Oct 25, 2022 • 8:32

Boris Johnson drops out

Boris Johnson drops out

More FTSE-listed companies have issued profit warnings this quarter than at any time since 2008, and jet shortages are hitting airlines hard. Plus, the FT’s Eri Suguira explains why Toyota is struggling to produce fully electric vehicles. Mentioned in this podcast:Boris Johnson pulls out of Tory leadership raceToyota was a hybrid pioneer with the Prius but struggles to leap to electricAirlines hit by jet shortages in new challenge for aviationProfit warnings soar as UK companies struggle wi

Oct 24, 2022 • 10:30

FT Weekend: Jane Austen, forever. Plus: trans inclusion in sports

FT Weekend: Jane Austen, forever. Plus: trans inclusion in sports

To subscribe to FT Weekend wherever you listen, click here: https://link.chtbl.com/ftweekend-------Two hundred years after Jane Austen’s novels were published, adaptations are still going strong. This summer saw the release of Fire Island, a gay adaptation of Pride and Prejudice, and the Netflix original, Persuasion. Brooke Masters, our US investment and industries editor and a lifelong Jane Austen fan, and University of Maine literature professor Caroline Bicks, join Lilah to talk about the nov

Oct 22, 2022 • 31:13

Truss is gone. Who will lead the UK?

Truss is gone. Who will lead the UK?

Liz Truss resigned as UK prime minister on Thursday. We’ll look at the political fallout, impact on economic policy, and what it means for ordinary Brits. Mentioned in this podcast:Succession battle begins after Liz Truss quits as UK prime ministerHunt still has a fiscal hole to fill, but Britain’s fabric is frayingSubscribe to the FT Weekend podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Bar

Oct 21, 2022 • 11:26

US midterms countdown: Republicans bank on inflation

US midterms countdown: Republicans bank on inflation

UK lawmakers plan to introduce legislation making rail strikes harder, private sector attendance at China’s Communist party congress has fallen by almost 50 per cent since Xi Jinping assumed power, and Republicans are banking on the inflation issue to win them control of the US Congress during this year’s midterm elections. Mentioned in this podcast:Corporate China shut out of Xi Jinping’s party congressUK government to curb unions’ ability to strike on transport network‘The headwinds

Oct 20, 2022 • 11:29

Private equity giant CVC bets on going public

Private equity giant CVC bets on going public

Netflix stemmed its subscriber losses in the third quarter and Russia is using Iranian drones in its war against Ukraine. Plus, Europe’s top private equity firm, CVC Capital Partners, is preparing to go public and the move has implications for the whole sector.Mentioned in this podcast:Netflix shares jump as it gains 2.4mn new subscribersCVC’s biggest bet yet: the fiercely private buyout firm set to go publicMilitary briefing: Russia rolls out Iranian drones to ‘terrorise’ UkraineThe FT News Bri

Oct 19, 2022 • 9:32

Disney vs France

Disney vs France

Strong US bank earnings reports pumped up Wall Street stocks and new UK chancellor Jeremy Hunt scrapped the bulk of his party’s controversial proposed tax cuts. Plus, Disney agreed to release ‘Black Panther: Wakanda Forever’ in French cinemas next month but warned that its biggest movies may go straight to streaming in 2023. Mentioned in this podcast:Wall Street stocks rally as traders turn to corporate earningsJeremy Hunt scraps tax cuts and slashes energy package in bid to calm marketsDis

Oct 18, 2022 • 9:05

Xi Jinping opens China’s Communist party congress

Xi Jinping opens China’s Communist party congress

China’s leader Xi Jinping is set to begin his third-consecutive five-year term, and the UK’s Jeremy Hunt starts his first full week as the country’s latest chancellor of the Exchequer. Plus, the US Federal Reserve’s aggressive interest rate hikes are boosting US banks’ bottom lines. Mentioned in this podcast:US banks gain from Fed rate hikes while keeping deposit interest lowXi Jinping heralds ‘critical time’ in history as he prepares for third term in powerCan anything save Liz Truss?The F

Oct 17, 2022 • 9:52

FT Weekend: Artist Shirin Neshat on the women-led protests in Iran

FT Weekend: Artist Shirin Neshat on the women-led protests in Iran

This week we speak with Shirin Neshat, one of the most famous contemporary artists from Iran, about the protests in her home country. Shirin’s work focuses on the lives and struggles of Iranian women. The protests have been raging for a month, which, as Shirin says, makes them the longest-running demonstrations since the 1979 Islamic revolution. We talk about what they mean, why this time they’re different, and her art, some of which has been recently projected on buildings in London and Los Ang

Oct 15, 2022 • 28:43

Truss’s possible U-turn on tax cuts

Truss’s possible U-turn on tax cuts

Investors shrugged off another high US inflation report and Liz Truss could be about to rip up her ‘mini’ Budget. New US export controls force global semiconductor equipment makers to suspend sales and services to Chinese chip companies. Mentioned in this podcast:US consumer prices rise sharply despite Federal Reserve rate increasesUS stocks shrug off early declines following hot inflation reportLiz Truss in crisis talks on new tax cut U-turnWorld’s top chip equipment suppliers halt busines

Oct 14, 2022 • 9:16

US midterms countdown: abortion on the ballot

US midterms countdown: abortion on the ballot

Emerging economies have seized price discounts to buy cheaper Russian oil, and the FT News Briefing election series will take listeners around the US to hear what’s on voters’ and candidates’ minds as they head into elections this November that will determine which party controls Congress.Mentioned in this podcast:How abortion rights are upending the US midterm electionsCrisis hit Sri Lanka snaps up cheap Russian oil The Rachman Review podcastThe FT News Briefing is produced by Fiona Symon,

Oct 13, 2022 • 10:21

The UK’s gilt trip continues

The UK’s gilt trip continues

Volodymyr Zelenskyy called on G7 countries to speed up supplies of air defence systems after another day of Russian missile attacks, and the biggest US banks will signal worries about the economy in third-quarter earnings reports and analysts expect them to set aside more than $4bn to cover potential losses from bad loans.Mentioned in this podcast:US banks to set aside $4bn for potential losses from bad loansBank of England warns of ‘fire sale’ risk as it widens government bond purchasesThe FT N

Oct 12, 2022 • 9:14

US property industry braces for downturn

US property industry braces for downturn

Britain’s largest global law firms are struggling to attract and retain staff in the US after the sterling’s drop in value, and the European Commission’s vice-president warned the Federal Reserve’s interest rate rises could lead to a global recession. Plus, the FT’s Taylor Nicole Rogers reports that higher mortgage rates are weighing on the US property industry.Mentioned in this podcast:Sterling slump threatens US expansion plans of 'magic circle' law firmsFed-led dash for higher rates risks ‘wo

Oct 11, 2022 • 9:44

Iranian song fuels anti-regime protests

Iranian song fuels anti-regime protests

The US and Germany are leading calls to overhaul the World Bank to better address climate change, ships carrying Ukrainian grain are stuck in a Black Sea backlog, and protesters in Iran are moved by a viral song that was inspired by their social media posts. Plus, the FT’s Rana Foroohar tells us about American farmers’ efforts to survive in a post-globalisation world. Mentioned in this podcast:Reinventing farming and food post-globalisationBacklog of ships strains Ukraine-Russia Black

Oct 10, 2022 • 10:11

FT Weekend: HBO’s 'Industry', and Esther Perel

FT Weekend: HBO’s 'Industry', and Esther Perel

This weekend, we discuss Industry on HBO with chief features writer Henry Mance. The show is part of a trend: like Succession and Euphoria, it depicts a pretty harsh version of the world we live in. So why do we keep getting sucked in? Then you'll hear a conversation between star psychologist Esther Perel and FT contributing editor Lucy Kellaway from the FT Weekend Festival. They discuss how remote work might change us, whether TikTok is teaching kids to be anxious, and more. Listen wherever you

Oct 8, 2022 • 30:17

China keeps peeling off Taiwan’s allies

China keeps peeling off Taiwan’s allies

The pace of US job growth is expected to have cooled in September, Ukrainian forces are continuing their counteroffensive in the southern part of their country, and China keeps trying to pick off Taiwan’s allies. Mentioned in this podcast:US jobs growth expected to have cooled in AugustRussian troops retreat from front lines in southern UkraineRussia’s invasion of Ukraine in maps — latest updatesParaguay calls for Taiwan to invest $1bn to remain alliesThe FT News Briefing is produced

Oct 7, 2022 • 9:34

US lashes out at Opec+’s oil cuts

US lashes out at Opec+’s oil cuts

Opec+ is cutting oil output to prop up prices, the FT and Nikkei ranked the most popular US cities among foreign businesses, and this week’s Rachman Review podcast focuses on the massive protests in Iran.Mentioned in this podcast:Opec+ agrees to cut output by 2mn barrels a dayMiami tops FT-Nikkei ranking of best US cities for foreign businessesRachman Review podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help b

Oct 6, 2022 • 10:17

Elon Musk offers to follow through on Twitter deal

Elon Musk offers to follow through on Twitter deal

Elon Musk is offering to follow through on his deal to buy Twitter, Russians are fleeing the country after Putin announced a conscription army, and the FT’s Ed White explains why China is having trouble transitioning to a new growth model. Mentioned in this podcast:Elon Musk proposes buying Twitter for originally agreed $44bnDesperate Russians fleeing Putin’s war draft stream into KazakhstanChina after the property boom: can it rebuild the growth model?The FT News Briefing is produced by Fi

Oct 5, 2022 • 9:36

The UK tax cut and pound U-turn

The UK tax cut and pound U-turn

The UK government reversed course on a tax cut, Brazil’s president Jair Bolsonaro defied expectations in the first round of election voting, and Credit Suisse is trying to reassure investors that rumours about its financial health are overblown. Plus, the FT’s James Kynge tells us how China’s property market crash is hurting local governments. Mentioned in this podcast:Pound and gilts gain after Truss changes course on 45p tax rate cutJair Bolsonaro’s ‘beef, bible and bullets’ coalition is

Oct 4, 2022 • 10:49

The race to reinvent the space station

The race to reinvent the space station

Opec+ is planning to cut oil production, and Tories are in Birmingham for their annual party conference while demonstrations against the cost of living crisis spread across the UK. Plus the FT’s Peggy Hollinger tells us what the US space agency Nasa is planning to do once the International Space Station is decommissioned. Mentioned in this podcast:Kwarteng prepares to defend tax cuts as Tory rebellion mountsLiz Truss admit mistakes but sticks to controversial tax cuts plan The race to

Oct 3, 2022 • 8:56

FT Weekend: Jamaica Kincaid and Enuma Okoro on writing

FT Weekend: Jamaica Kincaid and Enuma Okoro on writing

Writer Jamaica Kincaid is one of the best known writers on race and colonialism in the US. Her writing is biting and fearless, and she’s been a keen observer of her native Antigua and the US since publishing her first essay in 1973. This week she joins Lilah together with the FT’s Enuma Okoro in a recording made at the recent FT Weekend Festival in London. Then we share some conversations we had in person with listeners during the festival.-------Here’s the link to leave us a message for ou

Oct 1, 2022 • 27:29

The next phase of Putin’s invasion

The next phase of Putin’s invasion

Russia plans to annex four regions of Ukraine today, turmoil in UK markets is spilling over on to global bond markets, and Germany announced a €200bn aid package to lower energy prices. Mentioned in this podcast:Russia to annex four Ukrainian regionsGlobal stocks and bond prices fall after gains in previous sessionGermany deploys ‘economic clout’ with €200bn energy aid packageThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additi

Sep 30, 2022 • 10:12

Brazil's high-stakes election

Brazil's high-stakes election

The UK's tax cutting plan is a political liability, the EU announced another round of Russian sanctions, and Brazil is days away from a monumental presidential election. Mentioned in this podcast:Tory MPs question Kwasi Kwarteng’s future as market turmoil continuesBrazil’s election and the search for an economic revivalJair Bolsonaro’s supporters reject bad news from Brazil election polls‘It cannot be the madness that it is today’: what’s next for Petrobras?The FT News Briefing is produced

Sep 29, 2022 • 9:39

The global backlash to UK tax cuts

The global backlash to UK tax cuts

The IMF is criticising the UK’s tax cut plan, the US is pressing EU countries to speed up and increase the financial support for Ukraine, and the head of crypto lender Celsius Network resigned on Tuesday. Plus, officials in Europe say suspicious leaks on two Russian gas pipelines in the Baltic Sea are likely the result of sabotage. Mentioned in this podcast:IMF urges UK to ‘revaluate’ tax cuts in biting attack on fiscal planUS presses EU to speed up financial aid to UkraineDenmark, Germany

Sep 28, 2022 • 9:07

Italy’s new far-right government

Italy’s new far-right government

China’s economic output will lag behind the rest of Asia for the first time since 1990, according to new World Bank forecasts, the Bank of England failed to reassure markets as the pound continued tumbling and the US is trying to boost access to uncensored internet in Iran. Plus, the FT’s Amy Kazmin explains why Italy chose a far-right government to lead the country in Sunday’s snap election Mentioned in this podcast:China growth falls behind rest of Asia for first time since 1990Giorgia Me

Sep 27, 2022 • 10:43

UK tax plan hurts investor confidence

UK tax plan hurts investor confidence

UK chancellor Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, at least 41 people have died in protests in Iran sparked by the death of a young woman who was arrested for allegedly violating Islamic dress code. Plus, the FT’s Polina Ivanova explains how Russia’s military conscription is affecting remote regions of the country. Mentioned in this podcast:Radical UK budget prompts backlash on Tory backbenchesInvestors warn Kwarteng that fiscal

Sep 26, 2022 • 9:51

FT Weekend: How NFTs shook up the art world

FT Weekend: How NFTs shook up the art world

NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.-------Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekend

Sep 24, 2022 • 18:45

Catch a falling yen

Catch a falling yen

Several EU member states are pushing for hard-hitting measures against Russia and a UN policy memorandum argues Pakistan should suspend international debt repayments. Plus, the FT’s Katie Martin explains why the Bank of Japan would keep interest rates in negative territory and prop up the yen. Mentioned in this podcast:Poland and Baltic states push for harsher EU sanctions against RussiaFlood-hit Pakistan should suspend debt repayments, says UN policy paperJapan intervenes to prop up yen fo

Sep 23, 2022 • 10:04

Fed signals more economic pain to come

Fed signals more economic pain to come

The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third time in a row on Wednesday, and Credit Suisse has drawn up plans to split its investment bank in three. Plus, the FT’s Hannah Murphy explains how companies, and the negotiators they hire, deal with a ransomware attack. Mentioned in this podcast:Jay Powell refuses to rule out US recession after third 0.75% rate riseThe ransomware game: test your skills in the world of hackers and negotiators C

Sep 22, 2022 • 10:55

Travis Kalanick’s excellent (and secret) venture

Travis Kalanick’s excellent (and secret) venture

The Federal Reserve is expected to raise interest rates by 0.75 per cent today, Goldman Sachs is expanding its transaction banking business in Europe, and former Uber chief executive Travis Kalanick has tried to keep his new “dark kitchens” venture as secretive as possible. Mentioned in this podcast:Federal Reserve set to raise benchmark interest rate Goldman Sachs hunts new revenues in EU transaction banking pushTravis Kalanick expands ‘dark kitchens’ venture across Latin America

Sep 21, 2022 • 8:50

Swamp Notes: US Democrats on the offensive

Swamp Notes: US Democrats on the offensive

Two Turkish banks have halted the use of Russia's payment system, two global energy agencies estimate it would cost $1tn to avoid the catastrophic effects of climate change, and pension funds in Europe and Australia pressured asset manager Federated Hermes to stop sponsoring a group of US officials who oppose action on climate change. Plus, Swamp Notes columnists Ed Luce and Rana Foroohar discuss what’s behind the US Democratic party’s rebound heading towards midterm elections. Mention

Sep 20, 2022 • 10:05

The collapse of Celsius Network

The collapse of Celsius Network

Markets are increasingly betting on policymakers raising borrowing costs higher and faster, an FT-IGM survey shows economists expect the US central bank will lift its benchmark policy rate above 4 per cent and hold it there beyond 2023, and the market downturn has sparked the longest tech IPO drought in more than 20 years. Plus, the FT’s Kadhim Shubber talks about his investigation into the fall of high flying cryptocurrency lender Celsius Network.Mentioned in this podcast:Central banks set to h

Sep 19, 2022 • 9:34

FT Weekend: How do young Brits feel about the monarchy?

FT Weekend: How do young Brits feel about the monarchy?

This week we discuss how young people view the late Queen Elizabeth with journalist Imogen West-Knights and our own producer Lulu Smyth. For many Millennials and Gen Zers, the first royal succession in 70 years is also the first time they’ve considered their stance on the monarchy more broadly. And it’s eliciting some mixed feelings. Then, we explore how we’re spending money on culture now. The FT’s US business editor Andrew Edgecliffe-Johnson explains all the ways our post-pandemic restlessness

Sep 17, 2022 • 28:18

Inflation, the Hamptons and an $800 grocery cart

Inflation, the Hamptons and an $800 grocery cart

China’s local government financing vehicles are bailing out cities and provinces that are struggling for cash, and UK prime minister Liz Truss is making a last-ditch effort to convince SoftBank to list its British chip maker, Arm, in the UK. Plus, the FT’s global business columnist Rana Foroohar argues that America’s wealthiest are making bad inflation worse. Mentioned in this podcastChina’s local government financing vehicles go on land buying spreeLiz Truss prepares fresh bid to persuade

Sep 16, 2022 • 9:38

A worsening migration crisis in the Americas

A worsening migration crisis in the Americas

The US and EU are concerned that Russia can use Turkish banks to evade financial sanctions, Porsche tries to catch up to Ferrari with an initial public offering of its own, plus, the FT’s Latin America editor Michael Stott talks about record migration throughout the Americas. Mentioned in this podcast:US and EU step up pressure on Turkey over Russia sanctions Porsche IPO: the race to catch Ferrari Repression and poverty trigger record migration crisis in the AmericasRachman Review podcastThe FT

Sep 15, 2022 • 9:21

Wall Street shudders after seeing US inflation data

Wall Street shudders after seeing US inflation data

A worse than expected US inflation report triggered a Wall Street sell-off, Twitter whistleblower Peiter Zatko testified in front of a US Senate committee about alleged security lapses at the social media site, and the US is struggling to put together an alliance to address computer chip supply chain issues. Mentioned in this podcast:Rising inflation sparks fears of hard landing for US economyUS stocks slide after ‘hotter’ than expected inflation readingWhistleblower accuses Twitter of putting ‘

Sep 14, 2022 • 9:09

Is a post-dollar world coming?

Is a post-dollar world coming?

US inflation is expected to have eased due to falling energy prices and Ukraine has regained momentum fighting back the Russian invasion. Plus, Ruchir Sharma tells us why he thinks the dollar may not be the world’s dominant currency for much longer. Mentioned in this podcast:Pace of US consumer price growth expected to have eased in AugustA post-dollar world is comingUkraine’s defence minister warns of Russian counter-attackThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc F

Sep 13, 2022 • 9:01

King Charles and the royal finances

King Charles and the royal finances

King Charles heads to Scotland today, UK financial markets are bracing for Liz Truss’s energy package, and Russia’s Gazprom is making record profits even though it’s shipping a fraction of the gas to Europe that it did last year. Mentioned in this podcast:King Charles seeks to fortify the UK with tour of nationsQueen Elizabeth II: inside the royal financesUK energy package will weigh on gilts and pound, analysts warnHigh gas prices help Gazprom compensate for supply cutsUkraine’s Reznikov w

Sep 12, 2022 • 8:58

FT Weekend: The legacy of Queen Elizabeth II

FT Weekend: The legacy of Queen Elizabeth II

Queen Elizabeth II has died after a 70-year reign. This weekend, we reflect on her legacy, life and cultural impact with FT Weekend editor Alec Russell. Then, producer Lulu Smyth takes us to meet the people gathered outside Buckingham Palace.-------Links: Simon Schama, ‘Elizabeth II: an appreciation’: https://on.ft.com/3qsNI64Jo Ellison, ‘The Queen’s constancy never went out of style’: https://on.ft.com/3qpwOVF -------Special offers for FT Weekend listeners can be found here: http://ft

Sep 10, 2022 • 18:32

Britain in mourning

Britain in mourning

Queen Elizabeth II, Britain’s longest-serving monarch, has died aged 96, Buckingham Palace has announced. The FT’s Miranda Green examines this moment, and what King Charles III’s assumption to the throne will mean for the royal family. Mentioned in this podcast:Queen Elizabeth II dies aged 96The Queen's jubilee: How Britain has changed since 1952The 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,

Sep 9, 2022 • 9:41

The ECB goes from dove to hawk

The ECB goes from dove to hawk

Chinese companies have raised six times as much money through share sales in Europe than the US this year, and European farmers expect a sky-high food prices and droughts this winter. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains why the European Central Bank is finally getting hawkish. Mentioned in this podcast:Europe tops US on Chinese listings for first timeECB makes hawkish shift as inflation surge shreds faith in modelsFarmers and producers warn of winter food shortages in

Sep 8, 2022 • 8:36

EU wants tax to fight ‘astronomic’ electricity bills

EU wants tax to fight ‘astronomic’ electricity bills

The EU is considering a windfall tax for energy companies, Zambia’s IMF bailout is a test for countries that have defaulted on Chinese debt, and US regulators are cracking down on bankers’ use of messaging apps. Mentioned in this podcast:EU plans windfall tax to counter ‘astronomic’ energy billsZambia’s $1.3bn IMF bailout to test how China handles defaultsWall Street’s $1bn messaging ‘nightmare’The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s edit

Sep 7, 2022 • 8:36

Russia’s double energy whammy

Russia’s double energy whammy

Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions. Mentioned in this podcast:Brussels pushes for EU-wide caps on gas priceLiz Truss to be UK prime minister after winning

Sep 6, 2022 • 9:44

Britain set for new prime minister

Britain set for new prime minister

The oil producing cartel is meeting today and will consider a cut in oil supply to prop up prices, and UK Conservative Party members will vote today on a new leader to replace Boris Johnson. Plus, the FT’s Jemima Kelly tells us about the the passion of crypto believers she met for this season of the FT’s Tech Tonic podcast. Mentioned in this podcast:Liz Truss promises economic action from Day 1 of premiershipOil supply cuts on table as Opec+ meets amid crude sell-offTech Tonic: A sceptic’s

Sep 5, 2022 • 10:30

Have we hit peak TV? Plus, our debt to bees

Have we hit peak TV? Plus, our debt to bees

This week, guest host Topher Forhecz is joined by Los Angeles bureau chief Chris Grimes to hear about the future of TV's streaming wars. Since the pandemic, streaming services have poured huge amounts of money into new content, but it's unclear how long this boom will last. Then, we talk to Nature Therapy columnist Jonathan Guthrie about bees. He's estimated that we owe bees nearly $160bn for their pollination services. What's at stake if we can't repay that debt? -------Want to stay in touch? W

Sep 3, 2022 • 28:49

Cruise control: port cities push back against ships

Cruise control: port cities push back against ships

The US releases the latest jobs numbers today and analysts expect the pace of positions added to have slowed in August, eurozone unemployment fell to an all-time low of 6.6% of the workforce, the cruise industry is recovering from the pandemic but the industry now faces resistance from politicians and climate activists, and US officials have told semiconductor maker Nvidia it will need special licences to sell high-end processors to Chinese customers. Mentioned in this podcast:US Jobs growt

Sep 2, 2022 • 10:17

Russia shuts down Nord Stream 1 pipeline

Russia shuts down Nord Stream 1 pipeline

Russia has halted the flow of gas through the Nord Stream 1 pipeline to Europe for three days, and the EU has agreed to suspend a visa deal with Moscow. Plus the FT’s John Paul Rathbone explains why Ukraine’s counter-offensive in the south of the country could be a gamechanger in the war. Mentioned in this podcast:Russia shuts down Nord Stream gas pipeline to EuropeEU rips up Russia visa deal in victory for eastern member statesMilitary briefing: Ukraine makes its move with Kherson counter-

Sep 1, 2022 • 10:42

Will student debt add up to more inflation?

Will student debt add up to more inflation?

The world’s second-largest cinema chain incorrectly reported the identity of its largest shareholder, and ExxonMobil is contesting Vladimir Putin’s decree blocking the oil company from exiting Russia. Plus, economists are debating the impact that US president Joe Biden’s student loan forgiveness programme will have on inflation. Mentioned in this podcast: Cineworld incorrectly reported its largest shareholderExxonMobil contests Kremlin decree blocking its pullout from RussiaJoe Biden’s student d

Aug 31, 2022 • 10:12

Morgan Stanley beefs up block trade supervision

Morgan Stanley beefs up block trade supervision

Morgan Stanley has tapped a lawyer to keep an eye on its block trading, and airlines are bracing for a chilly winter. Plus, Liz Truss, the frontrunner to be UK prime minister, has been talking tough with US officials but is likely to keep UK-US ties on track. Mentioned in this podcast:Morgan Stanley orders internal lawyer to supervise block trading deskAirlines braced for grim winter as slowdown threatens recoveryInside Liz Truss’s not so special relationship with the USNew York Yanke

Aug 30, 2022 • 8:22

US watchdogs take on private equity

US watchdogs take on private equity

Financial markets are bracing for a longer period of high interest rates, EU foreign ministers are set to suspend the bloc’s visa facilitation agreement with Moscow, and Alibaba is trying to manoeuvre a rebound. Plus, the FT’s Stefania Palma explains why the US antitrust officials are targeting the $10 tn private equity industry. Mentioned in this podcast:Jay Powell says Fed will ‘keep at it’ in hawkish inflation speechInvestors expect higher rates to persist after hawkish Jay Powell ends h

Aug 29, 2022 • 10:13

A sceptic’s guide to crypto: the ‘smart’ money

A sceptic’s guide to crypto: the ‘smart’ money

In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and

Aug 28, 2022 • 25:34

FT Weekend: The art of sound design. Plus: summer hits of 2022

FT Weekend: The art of sound design. Plus: summer hits of 2022

FT Weekend has its own podcast feed! For more content, subscribe to 'FT Weekend' wherever you listen.This weekend, we meet a British pioneer of sound design. Errol Michael Henry invites us to the Air-Edel studios in London to show us how a song gets made. Errol is one of the few black sound designers in the UK. He’s been producing music through his independent label, Intimate Records, since the 1980s. He breaks down how he creates his distinct sound, layer by layer. Then, we explore what makes t

Aug 27, 2022 • 31:46

Afghanistan’s economy after one year under the Taliban

Afghanistan’s economy after one year under the Taliban

Finland will host talks with Sweden and Turkey for talks on the Nordic countries’ Nato membership bids, and we’ll take a look at the ins and outs of Revlon’s bankruptcy. Plus, the FT’s Benjamin Parkin recently visited Afghanistan and reports back what it has been like there a year since the Taliban regained control. Mentioned in this podcast:Finland and Sweden hold talks with Turkey to push Nato bidRevlon bankruptcy becomes a fight over memesFT Series: a year under the TalibanBehind the Money: A

Aug 26, 2022 • 10:33

Can Jay Powell stick the landing?

Can Jay Powell stick the landing?

Hedge funds have lined up the biggest bet against Italian bonds since the global financial crisis, Japan is looking to rebuild its nuclear energy capacity, and Blackstone has joined the bidding to buy Pink Floyd’s music. Plus, the FT’s Colby Smith looks at how the Federal Reserve handled inflation in the past and whether chair Jerome Powell can engineer a soft landing this time around. Mentioned in this podcast:Japan set for new nuclear plans in post-Fukushima shift Powell to face tough crowd in

Aug 25, 2022 • 9:06

Six months of war in Ukraine

Six months of war in Ukraine

Today marks six months since Russia launched its full-scale invasion of Ukraine, a Twitter whistleblower says the company hid security flaws and fake accounts, and the waters off the coast of Somalia are no longer high risk for shipping Mentioned in this podcast:They dig, and dig and dig: Russia entrenched in Ukraine six months into warTwitter covered up security flaws and fake accounts, says whistleblowerShipping industry says piracy off coast of Somalia is no longer a threatThe FT N

Aug 24, 2022 • 9:48

The student who rode Bed Bath & Beyond to the moon

The student who rode Bed Bath & Beyond to the moon

Ben & Jerry’s lost a legal dispute with its parent company over sales in Israel and investors are sceptical about this summer’s equities rally. Plus, the FT’s Madison Darbyshire talks about how a 20-year-old American college student made $110mn betting on a meme stock. Mentioned in this podcast:How a 20-year-old student made $110mn riding the meme stock wave Investors fret over durability of summer rally in US marketsBen & Jerry’s loses attempt to block ice cream sales in West BankThe FT News Br

Aug 23, 2022 • 10:11

Droughts grip large parts of the globe

Droughts grip large parts of the globe

Apple employees are pushing back against the iPhone maker’s call for workers to return to the office next month, and major droughts across the globe are having a significant impact on everything from agriculture to tech. Plus, the FT’s Sam Agini explains what a potential deal for Manchester United would mean for the football club. Mentioned in this podcast:Group of Apple employees pushes back against return-to-office orderClimate graphic of the week: Record lows for

Aug 22, 2022 • 8:34

A sceptic’s guide to crypto: boom and bust

A sceptic’s guide to crypto: boom and bust

A new season of Tech Tonic asks whether crypto and its supporting technology - the blockchain - have a future following a market crash. In the first episode of this five-part series, FT columnist and host Jemima Kelly casts a sceptical eye on what led to the boom in digital assets and their subsequent collapse. She assesses the damage with the FT’s digital assets correspondent Scott Chipolina, and hears from big-time bitcoin investor Michael Saylor, Dogecoin co-creator Jackson Palmer, and crypto

Aug 21, 2022 • 27:07

FT Weekend: Ukraine’s digital war. Plus: how computers changed chess

FT Weekend: Ukraine’s digital war. Plus: how computers changed chess

FT Weekend has its own podcast feed! For more content, including our special Food & Drink mini-series, search 'FT Weekend' where you listen to podcasts and subscribe there.This weekend, we go to Ukraine. FT columnist Gillian Tett introduces us to the tech entrepreneurs and engineers who have built strong links with Silicon Valley and western tech companies over the past few decades. These connections are helping them fight what she calls an ‘open source war’ against Russia. Then, data journ

Aug 20, 2022 • 28:44

FT Business Book of the Year longlist

FT Business Book of the Year longlist

Middle East states are expected to bring in $1.3tn in additional oil revenues, big US retailers posted quarterly earnings this week and results were mixed, scientists have discovered a way to destroy harmful “forever chemicals”. Plus, we’ll look at the longlist for this year’s FT Business Book of the Year award. Mentioned in this podcast:Middle East states set for $1.3tn oil windfall, IMF saysWalmart and Home Depot ease fears of recession even as inflation persistsTarget’s profit tumbl

Aug 19, 2022 • 10:30

Missteps at Missfresh

Missteps at Missfresh

Federal Reserve officials discussed the need to keep interest rates at levels that restrict the economy “for some time” in a bid to contain inflation, Short-term UK borrowing costs surged to the highest level since 2008, and Tencent posts its first quarterly revenue fall. Plus, the collapse of Chinese food delivery app, Miss Fresh, could be a cautionary tale for other tech giants in China. Mentioned in this podcast:Fed officials signal restrictive rates may be needed ‘for some time’UK bonds

Aug 18, 2022 • 9:19

WeWork 2.0?

WeWork 2.0?

Amazon has accused the FTC of harassing top executives as part of an antitrust investigation, hedge fund Elliott Management has dumped almost all of its shares in SoftBank, and Harvard will offer tuition-free MBA programs to low-income students. Plus, the man who blew up WeWork, Adam Neumann, has a new real estate venture that’s attracted a major investment from Silicon Valley royalty. Mentioned in this podcast:Amazon accuses FTC of harassing executives including Jeff Bezos and Andy JassyHe

Aug 17, 2022 • 10:19

Private equity: from cutthroats to frenemies

Private equity: from cutthroats to frenemies

Elections officials in Kenya announced a winner in last week’s presidential election but the result is being challenged, Iran denies involvement in the stabbing of controversial author Salman Rushdie, and China cut a crucial lending rate for the first time since January. Plus, we look at how the private equity industry evolved from a group of mercenary dealmakers to co-operative rivals. Mentioned in this podcast:William Ruto wins Kenya’s presidential electionIran denies linked to Rushdie attack

Aug 16, 2022 • 10:01

Will oil prices keep falling?

Will oil prices keep falling?

Saudi Arabia has agreed to renew a three billion dollar deposit at Pakistan’s Central Bank, Saudi Aramco reported record profits, and an expected US tax on stock buybacks isn’t expected to have a big impact on earnings. Plus, Mexico’s president wants beer makers in the north to cut back due to the region’s drought. Mentioned in this podcast:Saudi Arabia renews $3bn deposit to PakistanSaudi Aramco hits fresh profit record as high energy prices deliver windfallMeet the new taxesMexico preside

Aug 15, 2022 • 8:13

FT Weekend: Chef Mashama Bailey on reclaiming African-American food

FT Weekend: Chef Mashama Bailey on reclaiming African-American food

For more FT Weekend content, including our special Food & Drink mini-series, search 'FT Weekend' where you listen to podcasts and subscribe there.This week Lilah goes to Savannah, Georgia, to visit chef Mashama Bailey. Mashama recently won Outstanding Chef at the James Beard Awards. Since 2014, she has been chef and partner at The Grey, a restaurant located in a formerly segregated bus station. And she has been redefining American food by reclaiming its African-American roots. But because so

Aug 13, 2022 • 31:52

Ben & Jerry’s bitter battle with Unilever

Ben & Jerry’s bitter battle with Unilever

US lawmakers are set to pass a $700bn spending bill, activity on European corporate bond markets has slowed to a near standstill and US initial public offerings have ground to a halt. Plus, Ben & Jerry’s is in a legal battle with parent company Unilever over sales in the disputed West Bank and East Jerusalem. Mentioned in this podcast:Corporate lawyers take it easy as US IPO market dries upUnilever stops paying Ben & Jerry’s board members in Israel disputeThe FT News Briefing is pro

Aug 12, 2022 • 10:38

US inflation finally takes a breather

US inflation finally takes a breather

US stocks rallied after the latest US inflation report showed price rises slowed in July, Disney beat analyst expectations and added 15mn subscribers to its Disney+ streaming service, and social media companies want livestreams to be the future of shopping. Mentioned in this podcast:Disney’s streaming business defies industry gloomUS inflation eased slightly in July on lower petrol pricesUS stocks and bonds rally after lower than forecast inflation dataSocial media’s big bet: the shopp

Aug 11, 2022 • 9:24

Corporate America fumes at Biden’s economic package

Corporate America fumes at Biden’s economic package

Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in a Chinese chip company, and corporate America is fuming over president Joe Biden’s economic package. Plus, we have a military update on the war in Ukraine, and how tennis legend Serena Williams plans to spend her retirement. Mentioned in this podcast:Taiwan security officials want Foxconn to drop stake in Chinese chipmakerCorporate America fumes over Biden’s tax and climate packageSe

Aug 10, 2022 • 9:34

Why Ireland’s economy is red hot

Why Ireland’s economy is red hot

China’s extended military drills around Taiwan are stoking fears of a drawn-out period of heightened tension and investors are split over whether the recent US tech rally will continue. Plus, the FT’s Jude Webber explains how taxes from the tech sector are helping Ireland’s economy against a recession. Mentioned in this podcast:US pledges further $1bn in military aid for UkraineChina extends military drills around TaiwanTech sector tax windfall shores up Ireland’s economy against recessionI

Aug 9, 2022 • 9:15

Apple under scrutiny for mishandling misconduct claims

Apple under scrutiny for mishandling misconduct claims

Investors are selling stakes in private equity and venture capital funds at the fastest pace on record so far this year, and earnings at companies such as Uber and Lyft are surging. Plus, the FT’s Patrick McGee reports that more than a dozen employees, past and present, say Apple’s HR team mishandled claims of harassment and misconduct.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,

Aug 8, 2022 • 10:14

FT Weekend: Author Elif Batuman. Plus, our obsession with feedback

FT Weekend: Author Elif Batuman. Plus, our obsession with feedback

This week, we talk to the author Elif Batuman about her new novel ‘Either / Or’. The book is set in the 1990s, and follows Elif’s fictionalised alter ego, Selin, as she navigates life as a Harvard student. Elif reflects on looking back at the ’90s from a contemporary perspective and talks about what we’ve learnt since. Then, we hear about feedback from deputy FT Magazine editor Esther Bintliff. We live in a culture obsessed with feedback. But wha

Aug 6, 2022 • 35:03

New US unemployment claims hit six-month high

New US unemployment claims hit six-month high

US new unemployment claims have reached a six-month high as the labour market cools, the Bank of England raised interest rates by 0.5 percentage points, and European banks are adjusting to higher interest rates. Mentioned in this podcast:US jobless claims hit six-month high as labour demand coolsBank of England raises interest rates by 0.5 percentage pointsEurope’s lenders prepare for life outside negative territoryThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino.

Aug 5, 2022 • 8:55

SoftBank moves to sell down its stake in Alibaba

SoftBank moves to sell down its stake in Alibaba

SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years, Iran and western powers resume talks this week over the floundering 2015 nuclear accords, and as political polarisation reaches into the workplace companies must manage conflicts among employees while striving for sensitivity and diversity. Mentioned in this podcast:Softbank raises $22b in moves to sell down Alibaba stakeIran to resume nuclear talks with discussion o

Aug 4, 2022 • 9:08

‘Generation Moonshot’ investors

‘Generation Moonshot’ investors

China has blocked imports from hundreds of Taiwanese food producers in response to the visit of US House Speaker Nancy Pelosi to Taipei, a flurry of executive departures from SoftBank stokes uncertainty over who will take over from Masayoshi Son, and Behind The Money host Michela Tindera joins the Briefing to talk about the latest BTM episode that explores “Generation Moonshot” investors.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:China suspends 2,000

Aug 3, 2022 • 9:43

China wrestles with an overseas debt crisis

China wrestles with an overseas debt crisis

Instagram head Adam Mosseri is moving to London, HSBC has pledged to restore its dividend to pre-pandemic levels, and China is facing its first overseas debt crisis. Mentioned in this podcast:Instagram head Adam Mosseri to temporarily relocate to LondonHSBC pledges to restore dividend to pre-pandemic levelsChina reckons with its first overseas debt crisisThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Pete

Aug 2, 2022 • 9:55

Beijing fears social unrest from property crisis

Beijing fears social unrest from property crisis

The Bank of England is set to consider its biggest rate rise in more than 25 years, the EU and UK are easing up on Russian oil restrictions to keep gas prices from spiking, and some investors are getting back in the crypto market after a crash earlier this year. Plus, China is trying to come up with a $148bn bailout fund to help complete stalled property developments amid concerns about social unrest.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Bank of

Aug 1, 2022 • 9:10

FT Weekend: A new weight-loss drug works. Is that good?

FT Weekend: A new weight-loss drug works. Is that good?

This week, we hear about a new 'miracle' weight-loss drug called Wegovy. It has unprecedented clinical results and endorsements from celebrities such as Queen Latifah. But critics say it deals with the symptom but not the cause. Then, we’re joined by Lauren Indvik, the FT's fashion editor. She explains how to efficiently pinpoint your personal style, and build a wardrobe that saves money, time and carbon emissions. Plus, she answers listener questions.--------------Want to stay in touch? We love

Jul 30, 2022 • 29:14

Is the US in a recession?

Is the US in a recession?

The US economy has shrunk for two consecutive quarters, many energy companies are posting record profits but French EDF recorded a record loss, and US markets are reacting unpredictably to tech earnings reports. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US economy shrinks for second consecutive quarterFrench energy group EDF records €5.3bn loss ahead of renationalisationFacebook parent Meta reports first decline in revenueSpotify adds more subsc

Jul 29, 2022 • 8:56

Fed hikes rates, but next steps are uncertain

Fed hikes rates, but next steps are uncertain

US interest rates are going up by 0.75% for the second month in a row, the drama surrounding Elon Musk’s halted Twitter takeover debacle is hurting the social media company’s advertising business and employee morale, and European gas prices are rising as Russia cuts gas flows to the continent. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Fed raises rates by 0.75 points for second month in a rowTwitter ‘rudderless’ as Musk saga hurts advertising bus

Jul 28, 2022 • 8:58

A new CEO for Credit Suisse

A new CEO for Credit Suisse

Walmart profit warnings shine a light on disparities in US consumer behaviour, the International Monetary Fund slashes its global growth forecast, and Argentines are scrambling to exchange their pesos for dollars on the black market. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Credit Suisse set to name Ulrich Körner as chief executiveWalmart issues profit warning as soaring inflation hits customersUS consumers are bending but not breaking as prices soa

Jul 27, 2022 • 9:29

Anglo-French merger would challenge Elon Musk’s SpaceX

Anglo-French merger would challenge Elon Musk’s SpaceX

US Big Tech companies are set to release quarterly earnings this week, German business confidence hits a two-year low, and French satellite operator Eutelsat has confirmed it is in discussions to acquire smaller British rival OneWeb in an all-share deal. Plus, cities are especially vulnerable to this summer’s record hot temperatures.  Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Eutelsat shares tumble after confirming OneWeb deal talksGerman recession l

Jul 26, 2022 • 9:24

European banks set to benefit from rising interest rates

European banks set to benefit from rising interest rates

The dollar’s surge to its highest level in 20 years is taking a toll on the corporate earnings of US companies with overseas operations, European bank earnings reports are expected to benefit from rising interest rates, and Ukraine’s Finance Minister Sergii Marchenko spoke to the FT about the challenges of managing his war-torn country’s finances.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Fed to implement second 0.75 point rate rise amid uncertainty o

Jul 25, 2022 • 10:37

FT Weekend: Why are tennis players fixing matches?

FT Weekend: Why are tennis players fixing matches?

This week, we look at the dark side of professional tennis, where underpaid players are selling matches just to break even. Ranked around 200th in the world, a player named Nicolás Kicker was found guilty of match-fixing in 2018. His story reveals a lot of systemic problems within the sport. Then, we hear about the phenomenon of 'vice signalling' from columnist Stephen Bush. It’s similar to 'virtue signalling,' but instead of publicly gesturing towards altruism the vice signaller panders by prom

Jul 23, 2022 • 29:45

ECB raises rates amid Italian turmoil

ECB raises rates amid Italian turmoil

Italian Prime Minister Mario Draghi resigns, the European Central Bank raises interest rates for the first time in more than a decade, Russia and Ukraine reach a deal to end a month-long grain blockade, and the FT’s Katie Martin explains why markets might rally when they see signs of a recession in corporate earnings reports. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Italy president calls snap elections after Draghi quits as PMDeal on table for relea

Jul 22, 2022 • 10:17

Tesla shines despite production disruptions

Tesla shines despite production disruptions

Tesla withstood disruption to China production and the high costs of scaling up new plants in Texas and Germany, Ukraine is getting some debt relief from western creditors, and Sri Lanka is just one of a number of developing economies facing growing pressure from soaring energy costs and a stronger US dollar. Plus Italian prime minister Mario Draghi’s government is on the brink of collapse, and Liz Truss will go head-to-head with Rishi Sunak in the race to become Britain’s next prime minister. M

Jul 21, 2022 • 10:08

Netflix rallies despite subscriber losses

Netflix rallies despite subscriber losses

Netflix loses 1mn subscribers, small and midsize venture capital firms in China are struggling to raise funds as foreign investors flee risk, and former Brazilian President Luiz Inácio Lula da Silva is running to be the country’s head of state again, in what could be an extraordinary political comeback. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Netflix loses 1mn subscribers but defections are fewer than feared‘Exponentially’ risky China leaves v

Jul 20, 2022 • 9:52

SoftBank halts plan for Arm IPO in London

SoftBank halts plan for Arm IPO in London

Japanese tech investor SoftBank has put on hold plans for an initial public offering of Arm because of the political turmoil in the UK, a luxury shoe brand popularised by Sex and the City has won a trademark lawsuit after more than two decades, and the FT’s Martin Wolf breaks down what the battle to become the next British prime minister means for the country’s economy. Mentioned in this podcast:SoftBank halts work on Arm’s London IPO following political turmoilTory leadership election tracker:

Jul 19, 2022 • 9:01

Sri Lanka picks a new leader

Sri Lanka picks a new leader

The leader of Sri Lanka’s biggest opposition party has urged the IMF to provide support to ease the country’s humanitarian crisis and cushion the blow of reforms, once high-flying financial technology companies are seeing their valuations crash to earth, and the FT’s Swamp Notes columnists Ed Luce and Rana Faroohar join Marc Filippino to talk about the changing economic geography of the US. Mentioned in this podcast:Sri Lanka opposition leader calls on IMF for ‘humane’ treatment, wants fres

Jul 18, 2022 • 10:49

FT Weekend: Martin Wolf on how to change one's mind

FT Weekend: Martin Wolf on how to change one's mind

This week, Lilah talks to Martin Wolf about having the confidence to change your mind. Martin is our chief economics commentator and one of the most influential economics journalists in the world. He reflects on how he forms a worldview, and how his opinions have shifted over the past half-century. Then, we hear about the 'gentle parenting' craze on Instagram from Washington correspondent Courtney Weaver. There are no punishments, no bribes, and it encourages your child to have big feelings. But

Jul 16, 2022 • 29:13

Martin Wolf on how to change one's mind

Martin Wolf on how to change one's mind

This week, Lilah talks to Martin Wolf about having the confidence to change your mind. Martin is our chief economics commentator and one of the most influential economics journalists in the world. He reflects on how he forms a worldview, and how his opinions have shifted over the past half-century. Then, we hear about the 'gentle parenting' craze on Instagram from Washington correspondent Courtney Weaver. There are no punishments, no bribes, and it encourages your child to have big feelings. But

Jul 16, 2022 • 29:12

Italian political drama weighs on markets

Italian political drama weighs on markets

Italian prime minister Mario Draghi offered to resign, which caused problems for Italian stocks and for the euro. Plus, two of the biggest US banks had worse earnings reports than analysts expected. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Mario Draghi offers to resign as Italy’s prime ministerJPMorgan and Morgan Stanley profit miss casts pall over Wall StreetRising recession fears and broad shift into haven assets have boosted the greenbackThe

Jul 15, 2022 • 8:49

Will rising interest rates actually lower prices?

Will rising interest rates actually lower prices?

US consumer prices rose more than forecast in June, hitting an annual pace of 9.1 per cent, and investors are shunning 20-year US government bonds. Plus, a clash of cultures and geostrategic interests sank a German-Chinese joint venture competing in the new space race.This episode states Canada raised its interest rates by a 'full basis point' when we mean 'full percentage point'. We regret the errorMentioned in this podcast:US inflation hit 9.1% in June putting further pressure on FedUkraine an

Jul 14, 2022 • 10:26

Biden in the Middle East

Biden in the Middle East

US president Joe Biden is set to meet with Saudi Crown Prince Mohammed bin Salman, the biggest US banks report earnings this week and are expected to show bumper profits from lending, and EU officials fear criminal groups are smuggling weapons out of Ukraine and on to Europe’s black markets. Mentioned in this podcast:US banks set for lending earnings boost as Fed lifts ratesJoe Biden seeks reset on Saudi Arabia as oil tensions flareNato and EU sound alarm over risk of Ukraine weapons smugglingFT

Jul 13, 2022 • 8:43

What we know about the Abe murder

What we know about the Abe murder

Former UK chancellor Rishi Sunak and foreign secretary Liz Truss have emerged as the favourites to replace prime minister Boris Johnson, and more details have been revealed in the murder of Japan’s former prime minister, Shinzo Abe. Plus, Nikkei Asia’s Marwaan Macan-Markar explains how Sri Lanka’s economic and political crises could foreshadow similar issues in other debt-ridden countries. Mentioned in this podcast:Sunak to stand firm on taxes until he has ‘gripped inflation’Sri Lanka

Jul 12, 2022 • 10:06

Crypto collapse hits black Americans hard

Crypto collapse hits black Americans hard

Twitter is mounting legal action against Elon Musk as he tries to terminate the deal to buy the social media company, black Americans’ higher exposure to cryptocurrencies has left them more vulnerable to the financial downturn, Cairo’s storied houseboats have been removed as part of bigger changes that many fear will destroy heritage and green space in the Egyptian capital.Mentioned in this podcast:Experts say Musk faces uphill battle for victory in Twitter legal fightTwitter hires Wachtell lega

Jul 11, 2022 • 9:25

FT Weekend: Our summer books and films special

FT Weekend: Our summer books and films special

This week is our summer books and films spectacular, full of recommendations of things to read and watch. First, Lilah is joined by literary editors Fred Studemann and Laura Battle to explore the FT's Summer Books special. They suggest a range of light summer reads, sharp non-fiction, deep dives, thrillers and classics to take on your summer holiday, and talk trends in book publishing. Then, deputy arts editor Raphael Abraham recommends the top films to look out for this summer. After watching 2

Jul 9, 2022 • 31:35

Britain after Boris

Britain after Boris

The FT’s UK chief political commentator Robert Shrimsley and FT columnist Stephen Bush discuss what’s next for the country after Boris Johnson’s resignation. Plus, as the fears of recession grow, commodity prices are falling. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Boris Johnson bows to pressure and quits after days of turmoilTwitter Space: Boris Johnson has announced his resignation. So what’s next? Commodities slump as recession fears stamp out f

Jul 8, 2022 • 11:06

Marxism degrees are having a moment in China

Marxism degrees are having a moment in China

Pressure mounts on UK prime minister Boris Johnson to resign, but the pound holds steady. Plus the Chinese government is pushing for more students to study Marxism. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Cabinet ministers call on Boris Johnson to quit as UK prime ministerPound traders look past UK political turmoilSupreme Court ruling casts doubt on powers of US regulatorsChina’s Marxism majors prosper amid labour market woesThe FT News Brief

Jul 7, 2022 • 9:47

The race for electric vehicle supremacy

The race for electric vehicle supremacy

Two high-profile UK ministers resigned on Tuesday, oil prices had its biggest one-day drop since March, and a Chinese electric car company outsold Tesla in the first half of the year. Plus, Chinese electric vehicle battery companies are on a fundraising blitz. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Boris Johnson on the brink after chancellor and health secretary quit UK cabinetWarren Buffett-backed Chinese group BYD overtakes Tesla in global elect

Jul 6, 2022 • 9:09

Martin Wolf: are we heading for a global recession?

Martin Wolf: are we heading for a global recession?

European power prices hit record high as Russia curtails gas supplies, foreign investors have dumped a record $33bn of Indian shares since October, and the FT’s chief economics commentator Martin Wolf discusses the global economy.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:European power prices hit record high as Russia curtail gas suppliesForeign investors dump record $33bn of Indian stocks since OctoberPolicy errors of the 1970s echo in our times The

Jul 5, 2022 • 9:49

FT Weekend: How to live forever

FT Weekend: How to live forever

This week, we return to one of our favourite episodes, to ask the question: what does it mean to defy death? Rock climber Leo Houlding tells us about his terrifying family holidays, scaling vertical cliff-faces with his two young kids. We also explore radical life extension with science writer Anjana Ahuja. How close are we scientifically to extending the human lifespan to 150 or 200? What are the implications when we get there? And do we really want to live forever? Links from the episode: — Le

Jul 2, 2022 • 28:56

China’s middle class dreams of leaving

China’s middle class dreams of leaving

The US Supreme Court cut back the Environmental Protection Agency’s ability to regulate greenhouse gas emissions, US stocks lost $9 trillion in the first half of 2022, and frustration with China’s zero-Covid policy is pushing its middle class to try to leave the country. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US Supreme Court curbs EPA’s power to regulate greenhouse gas emissionsUS stocks on course for worst first-half slump in more than 50 yearsC

Jul 1, 2022 • 9:32

How the beauty industry left Revlon behind

How the beauty industry left Revlon behind

Chinese stocks are set for their largest monthly rise since 2020, Meta frustrates app developers by charging for VR apps, and Revlon’s bankruptcy filing sheds light on what it takes to stay relevant in the beauty industry. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Chinese stocks set for largest monthly rise since 2020Meta sparks anger by charging for VR appsHow the beauty industry left Revlon behindStatutory inquiry into Captain Tom charity launchedT

Jun 30, 2022 • 8:07

A new legal battleground in US abortion wars

A new legal battleground in US abortion wars

A former White House aide testified that former President Donald Trump tried to commandeer his limousine on January 6, an independent report advises the UK to suspend use of live facial recognition over privacy concerns, and environmentalists are concerned about the impact of global timber trade disruption. Plus, access to mail-order abortion pills is shaping up to be the next legal battleground.  Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:UK should i

Jun 29, 2022 • 9:50

Russia heading for first default in decades

Russia heading for first default in decades

Russia is on course to default on its debt for the first time since 1998, and Credit Suisse has become the first domestic bank to be found guilty of a corporate crime after a court found the lender failed to stop the laundering of Bulgarian drug money. UK travel chaos could widen this summer as travel unions threaten strike activity. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Russia set for first debt default since 1998 as payment deadline passesCredi

Jun 28, 2022 • 9:35

Listener question: Should the UK cut arts funding?

Listener question: Should the UK cut arts funding?

Nato is to agree an overhaul of its battle plans to offer better protection to the alliance’s eastern flank, and there is some debate on how to soften the economic blow of the UK leaving the European Union. Plus, a listener wants to know: Is the UK justified in spending more on science and tech education and less on the arts? Mentioned in this podcast:Nato to agree overhaul to bolster Baltic defences against Russian threatThe deafening silence over Brexit’s economic falloutA tale of two culture

Jun 27, 2022 • 12:20

FT Weekend: A Strange Loop, the Tony-winning queer black best new musical

FT Weekend: A Strange Loop, the Tony-winning queer black best new musical

This week we speak with Michael R. Jackson, playwright of A Strange Loop, which just won the Tony award for Best Musical and Best Book. Jackson is a queer, black writer whose musical is about a queer, black writer writing a musical about a queer, black writer.. Hence the strange, but incredibly entertaining loop. Then, we learn about the dark side of Copenhagen's world-famous fine dining restaurant scene from Imogen West-Knights. Denmark seems to be turning a blind eye to abuses in its hottest –

Jun 25, 2022 • 33:24

Ukraine in the EU?

Ukraine in the EU?

The EU recognizes Ukraine as an official candidate for membership, Russian businessmen look to work with Iran to skirt US sanctions, and the FT’s Hot Money podcast reveals Visa and Mastercard are the secret regulators of the porn industry. Plus, the US bans Juul e-cigarettes from being sold. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EU leaders formally agree to grant Ukraine candidate member statusSanctions-hit Russian businessmen seek tips from Iran

Jun 24, 2022 • 14:08

Can all of Africa get access to electricity?

Can all of Africa get access to electricity?

US stocks stay fairly flat after Fed Chair Jerome Powell testifies in Congress, a Ukrainian-made drone hits an oil refinery in Russia, and the International Energy Agency says investing $25 billion annually could lead to universal electricity access in Africa by the end of the decade. Mentioned in this podcast:Jay Powell warns US recession is ‘certainly a possibility’‘Kamikaze’ drone strike hits oil refinery in southern RussiaAfrica needs $25bn a year of investment to boost energy provision, sa

Jun 23, 2022 • 8:43

Schrödinger’s dead cat bounce

Schrödinger’s dead cat bounce

The S&P 500 rose by 2.4% on Tuesday, Russia is threatening Lithuania over enforcing EU sanctions, and the global food shortage reignites the debate on using crops for biofuel. Plus, Kellogg is Read a transcript of this episode on FT.com off into three separate companies. Mentioned in this podcast: S&P 500 bounces 2.4% after sharp weekly declineRussia warns Lithuania of serious consequences over Kaliningrad rail ‘blockade’Food vs fuel: Ukraine war sharpens debate on use of crops for energyKellog

Jun 22, 2022 • 9:47

Jeff Bezos vs the bridge

Jeff Bezos vs the bridge

China is the leader in initial public offering fundraising this year, Jeff Bezos’s superyacht ignites a debate about who cities are for, and New Zealand’s housing market could hold some clues for what to expect in countries starting to raise their interest rates. Mentioned in this podcast:China IPO fundraising doubles US total to top global ranksJeff Bezos vs the bridge: Rotterdam’s dilemma over billionaire’s superyachtNew Zealand’s housing price boom cools as rate rises biteThe FT News Briefing

Jun 21, 2022 • 10:35

Tim Sweeney on Epic's metaverse

Tim Sweeney on Epic's metaverse

Passively managed index funds have overtaken actively managed funds’ ownership of the US stock market for the first time and Brazil is cracking down on fake news on social media sites in the run-up to this October’s election. Plus, the FT’s Patrick McGee interviewed the chief executive of Epic games about his ambitions for the metaverse. Mentioned in this podcast:Passive fund ownership of US stocks overtakes active for first timeSocial media platforms crack down on fake news ahead of Brazil elec

Jun 20, 2022 • 10:51

FT Weekend: What Warhol’s Marilyn tells us about the art market

FT Weekend: What Warhol’s Marilyn tells us about the art market

Last month, Andy Warhol's "Shot Sage Blue Marilyn" sold for $195mn, making it the second most expensive piece of art to sell at auction, ever. And as prices keep going up, the art market — auction houses, gallerists, dealers, collectors — want to keep it that way. On the heels of a ‘stonking’ art season, we invite two heavy hitters into the studio to walk us through it: arts editor Jan Dalley and art market columnist Melanie Gerlis. Then, Christie's head of 20th- and 21st-century art, Alex Rotte

Jun 18, 2022 • 34:02

Switzerland’s historic rate rise rattles markets

Switzerland’s historic rate rise rattles markets

Stocks fall following rate rises in the US, UK and Switzerland and Russia restricts gas flow to Germany, and Covid hospitalisations are up in Europe.  Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Wall Street stocks tumble as UK and Switzerland follow Fed with rate risesGermans told to conserve energy as Russia cuts gas flows to EuropeCovid hospitalisations rise in Europe as sub-variants fuel new waveThe FT News Briefing is produced by Fiona Symon, Sonja

Jun 17, 2022 • 9:11

The biggest US rate rise in almost 30 years

The biggest US rate rise in almost 30 years

The Federal Reserve raised its benchmark policy rate by 0.75 percentage points for the first time since November 1994, and the European Central Bank says it will speed up work on a new policy tool to counter surging borrowing costs. Plus, billionaire investor Ray Dalio talks about the connections he's found between the rise and fall of markets and the rise and fall of nations.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Fed raises rates by the most in d

Jun 16, 2022 • 10:00

A make-or-break meeting for the WTO

A make-or-break meeting for the WTO

The World Trade Organization is facing a credibility crisis during its first meeting since 2017, the increased value of the US dollar is hurting American companies, and Ukraine lays out a weapons shopping list ahead of its meeting with western defence ministers today.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:The WTO’s lonely struggle to defend global tradeRise in dollar to 20-year high costs US companies billions in earnings Military briefing: which

Jun 15, 2022 • 9:55

Bad news bears (market)

Bad news bears (market)

US stocks dipped into bear market territory, two major cryptocurrency players blocked withdrawals, and British prime minister Boris Johnson published legislation to make sweeping changes to trading rules for Northern Ireland. Plus, hundreds of Japanese companies have left Tokyo for the countryside —  will it have a lasting effect?Note: We wanted to apologize to our listeners for not publishing a show on Monday, June 13. This was due to a technical error.Subscribe to the FT News Briefing on Apple

Jun 14, 2022 • 8:59

FT Weekend: The rich interior lives of pigs

FT Weekend: The rich interior lives of pigs

This week, we explore new scientific research behind: pigs! They have far more sentience and complexity than we give them credit for. Chief features writer Henry Mance joins to discuss how pigs and other animals think and feel, and the bigger questions around how we farm and eat them. Then, we look at a New York City architectural phenomenon: skinnyscrapers. Architecture critic Edwin Heathcote tells us about these new, super-thin towers that shoot up more than a quarter of a mile into the sky. H

Jun 11, 2022 • 30:59

ECB to raise interest rates for first time since 2011

ECB to raise interest rates for first time since 2011

US consumer prices are set to have registered another large monthly advance, the European Central Bank has paved the way for a series of rate rises, and China is offering coronavirus vaccine insurance in an effort to win over sceptics and boost the vaccination rate. Mentioned in this podcast:ECB plans quarter-percentage point rate rise in July as ultra-loose policy endsChina offers Covid vaccine insurance to win over jab scepticsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and M

Jun 10, 2022 • 10:22

SEC chair reviews ‘uneven’ US equities market

SEC chair reviews ‘uneven’ US equities market

The chair of the US Securities and Exchange Commission has outlined plans to overhaul what he described as an “uneven” and unfair US equity market; pain in the US municipal debt market has started to subside after the worst start to the year in four decades. Plus, the FT’s Patricia Nilsson chats with Marc about the new FT podcast she co-hosts with global media editor Alex Barker, called “Hot Money: Porn, power and profit”. Subscribe to the FT News Briefing oan Apple Podcasts or SpotifyMenti

Jun 9, 2022 • 9:45

Ukraine’s president: ‘Stalemate is not an option’

Ukraine’s president: ‘Stalemate is not an option’

Ukrainian president Volodymyr Zelenskyy said a stalemate in the war with Russia was ‘not an option’, and the London Metal Exchange has been hit by two lawsuits over the nickel short squeeze fiasco in March. Plus, the FT’s Rana Foroohar and Ed Luce talk about how Democrats and US president Joe Biden can change the narrative on the economy as midterm elections approach. Mentioned in this podcast:Ukraine’s Zelensky says stalemate with Russia ‘not an option’LME hit by $450mn lawsuit from Elliot

Jun 8, 2022 • 8:45

Boris Johnson’s bruising no-confidence vote

Boris Johnson’s bruising no-confidence vote

Boris Johnson on Monday night survived a bruising no-confidence vote, and Elon Musk’s legal team has written to Twitter threatening to abort his $44bn acquisition. Plus, the FT’s Kiran Stacey reports on Big Techs’ big fight against an effort by US lawmakers to halt the practice of “self-preferencing”. Mentioned in this podcast:Weakened Johnson scrapes through after damaging confidence voteElon Musk threatens to abandon $44bn Twitter takeoverBig Tech pulls out all the stops to halt ‘self-pre

Jun 7, 2022 • 10:13

The war on ‘woke’ capitalism

The war on ‘woke’ capitalism

ECB governing council members are expected to support a proposal to create a new bond-buying programme if needed to counter borrowing costs for member states spiralling out of control, and in the US more investors are rebelling against high executive pay at leading companies and some are targeting individual board directors, while rightwing populists and industry sceptics mount a backlash against what they call “woke capitalism.” Mentioned in this podcast:ECB to firm up plans to ward off bond ma

Jun 6, 2022 • 8:47

Behind the Money: Tether’s path to the spotlight

Behind the Money: Tether’s path to the spotlight

Behind the Money, our in-depth business podcast, has just relaunched! We wanted to share one of our most recent episodes. Follow the show on Apple Podcasts, Spotify, Stitcher or Acast.On this episode, we’re diving back into the world of stablecoins for part 2 of 2 in our miniseries on crypto. This time, it’s a story filled with troubled companies and a real life fire that sends a business up in smoke. With the help of FT reporters Kadhim Shubber and Siddharth Venkataramakrishnan, we dig into the

Jun 5, 2022 • 26:02

FT Weekend: Tina Brown and Simon Schama on the royal family

FT Weekend: Tina Brown and Simon Schama on the royal family

This weekend, we're marking the Queen's Platinum Jubilee with a spirited discussion on what’s next for the Windsors. Tina Brown, author The Palace Papers, speaks with historian Simon Schama and HTSI editor Jo Ellison about the state of the royal family. As Britain celebrates 70 years of Elizabeth II on the crown, what will the royal family look like over the next decade? We bring you this conversation from the recent US FT Weekend festival stage.--------------Want to say hi? We love hearing from

Jun 4, 2022 • 26:13

Can Africa grow without fossil fuels?

Can Africa grow without fossil fuels?

Global investors are returning to China’s stock markets after a widespread sell-off earlier this year, and Opec and its allies on Thursday agreed to accelerate oil production in July and August. Plus, the FT’s David Pilling explains whether African countries can move away from fossil fuels and toward greener economies. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Investors return to Chinese stocks after Covid and geopolitics triggered sharp sell-offOpec

Jun 3, 2022 • 10:36

Russian business hit by tech sanctions

Russian business hit by tech sanctions

Export controls placed on supply of chips and hardware over Moscow's invasion of Ukraine dent the prospects for Russia's economy, and the US will provide Kyiv with longer-range rocket systems.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:‘Everything is gone’: Russian business hit hard by tech sanctionsWhat is America’s end-game for the war in Ukraine?US to provide Ukraine with longer-range rocket systemsPrice of a UK pint up more than 70% since financial

Jun 2, 2022 • 8:21

Hungary’s Viktor Orbán and his ‘superbank’

Hungary’s Viktor Orbán and his ‘superbank’

The head of EY’s US business quit the Big Four accounting firm after a power struggle with its global boss, and German police raided DWS and Deutsche Bank offices over allegations DWS misrepresented green investments. Plus, Hungary’s autocratic prime minister is trying to build a superbank to increase his financial control over the country. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EY’s US boss quit after clashing with global chief of Big Four firmGe

Jun 1, 2022 • 9:27

Race at work since George Floyd

Race at work since George Floyd

US chipmaker Qualcomm wants to build a stake in Arm alongside rivals, and how does commodities trader Glencore rescue its reputation after pleading guilty to multiple counts of bribery and market manipulation? Plus, Federica Cocco explains whether businesses are sticking to their diversity promises two years after the police murder of George Floyd. Mentioned in this podcast:Qualcomm eager to invest in Arm alongside rivals in upcoming IPO‘Bribery built into the corporate culture’: can Glencore re

May 31, 2022 • 10:37

What’s the crypto vibe?

What’s the crypto vibe?

The FT podcast “Behind the Money” digs into whether the tide has really turned in cryptocurrencies, and whether crypto fans will have to deal with this new “vibe” for the long haul. Mentioned in this podcast:Behind the Money: A crypto vibe shift? 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. The show’s theme song is by Metaphor Music. Topher Forh

May 30, 2022 • 9:44

FT Weekend: The story of a stolen cookbook. Plus, Elizabeth Strout

FT Weekend: The story of a stolen cookbook. Plus, Elizabeth Strout

In the 1930s, Alice Urbach wrote a beloved cookbook in Vienna. But during the Holocaust it was stolen: Aryanized, peppered with Nazi ideology and republished under someone else's name. The publisher refused to change it back for more than 85 years. Alice got her intellectual rights restored by her granddaughter Karina Urbach, a historian, who joins us to tell the story. Afterwards, we bring you a conversation with Elizabeth Strout, Pulitzer Prize winning novelist, from our recent US FT Weekend f

May 28, 2022 • 28:49

Guerilla. Economist. Colombia’s next president?

Guerilla. Economist. Colombia’s next president?

China has offered “a few hundred million dollars” in lending to Sri Lanka to help alleviate a shortage of essential goods, Wall Street investors got spooked by an earnings warning from Snap, and the FT traced a massive European bank sell-off to one fund manager. Plus, Colombia looks ready to elect a former guerilla turned economist as its next president. Mentioned in this podcast:China will help us weather financial crisis, says Sri Lanka’s prime ministerUS stocks fall on fears of slowing g

May 27, 2022 • 10:45

Investing’s cults of personality

Investing’s cults of personality

Hedge funds are trying to reposition themselves in the middle of this year’s heavy tech stock sell-off, and the director of the UN’s World Food Programme, David Beasley, explains how the war in Ukraine is causing a global food shortage. Plus, the FT’s Christian Davies tells the wild story of the guy behind the Luna cryptocurrency and its incredible downfall. Mentioned in this podcast:Gabe Plotkin’s Melvin Capital to wind down fundsThe mauling of Tiger Global$40bn crypto collapse turns South

May 26, 2022 • 8:58

America’s hiring headache

America’s hiring headache

Australia’s new prime minister met with world leaders to discuss climate change and Hungary’s prime minister declared an economic state of emergency. Plus, the FT’s Colby Smith visits the city of Atlanta to find how restaurant owners are managing to find staff in a red hot labour market.Mentioned in this podcast:Orbán declares state of emergency over crisis caused by Ukraine warAnthony Albanese sworn in as Australia’s prime minister​​America’s red-hot labour market: inflation undercuts jobs reco

May 25, 2022 • 9:25

The end of globalisation at Davos

The end of globalisation at Davos

Three decades of globalisation risks are going into reverse, according to company executives and investors as world leaders meet in Davos for the first time since the coronavirus pandemic began, and Toshiba set a deadline of May 30 for additional bidders in what could be Japan’s largest private equity deal. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Business leaders warn that three-decade era of globalisation is endingToshiba reveals takeover interest

May 24, 2022 • 9:03

Can Boeing’s move towards the Pentagon solve its problems?

Can Boeing’s move towards the Pentagon solve its problems?

Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers, the former head of Russia’s second-biggest oil group has warned that an EU ban on Moscow’s crude would be “the most negative scenario” for all parties. Plus, the FT’s Peggy Hollinger discusses Boeing’s decision to move its headquarters to be near the Pentagon and DC and why many stakeholders are unhappy. Mentioned in this podcast:Boeing needs a stronger vision to bounce back from crisisSaudi Arabi

May 23, 2022 • 9:22

FT Weekend: Why US abortion rights are under attack

FT Weekend: Why US abortion rights are under attack

It’s about to become much harder to find safe abortion care in America, in a country where some states already make it almost impossible. This week, we make sense of what’s happening and how we got here. Lilah speaks with Rhiannon Hamam, a Texas public defender and host of the popular show 5-4 (“a podcast about how much the Supreme Court sucks”) to make sense of Roe vs Wade, the seminal law that is expected to be overturned. Then, we pass the mic to three people providing abortion services in th

May 21, 2022 • 32:45

US tensions with Latin America are a boon for China

US tensions with Latin America are a boon for China

Canada is banning Chinese telecom giant Huawei from its 5G network, US plans to host the Summit of Americas are in disarray as Latin American heads of state refuse to attend. Plus, the California-based asset manager Pimco is trying to adapt to an era of rising interest rates and passive investing.Mentioned in this podcast:Canada to ban Chinese telecoms Huawei and ZTE from 5G networksUS summit struggles in Latin America are a boon to ChinaPimco: navigating the end of the bond bull marketThe FT Ne

May 20, 2022 • 10:57

Why Ukraine and Russia are fighting over a teeny island

Why Ukraine and Russia are fighting over a teeny island

Wall Street stocks fell hard on Wednesday after the retailer Target warned that inflation and supply chain disruptions would hit profit margins, and we explain why a tiny island in the Black Sea is so important in the war in Ukraine. Plus, the FT’s Jude Webber explains why the United Kingdom wants to alter the Northern Ireland protocol from its Brexit trade agreement.  Mentioned in this podcast:UK will legislate to ‘fix’ N Ireland trade problems, says TrussMilitary briefing: why Russia and Ukrai

May 19, 2022 • 8:33

Salary advancements: a double-edged sword?

Salary advancements: a double-edged sword?

Cash holdings among global fund managers have risen to their highest level since 9/11, China’s economic data show how badly the country is suffering from its Covid lockdowns. Plus, the FT’s employment columnist Sarah O’Connor says inflation hurts some workers more than others and salary advancement schemes aimed at helping struggling workers may not be a panacea. Mentioned in this podcast:Big investors increase cash holdings to highest levels since 9/11 attackBeware the promise of salary ad

May 18, 2022 • 8:18

Musk toys with Twitter deal at lower price

Musk toys with Twitter deal at lower price

Elon Musk acknowledged on Monday that he would pay a lower price for Twitter, hedge fund Tiger Global has significantly cut back its shareholdings and dumped stakes in tech companies, wheat prices jumped after India banned exports, and McDonald’s will sell its business in Russia. Mentioned in this podcast:Elon Musk says different price for Twitter deal ‘not out of the question’Tiger Global slashes bets on tech groups after stock market sell-offWheat prices rise almost 6% as India export ban shak

May 17, 2022 • 9:22

Behind the Money is back!

Behind the Money is back!

Behind the Money is back with all-new episodes! From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. The podcast returns May 25. You can follow the show now! See acast.com/privacy for privacy and opt-out information.

May 16, 2022 • 1:21

Francesca McDonagh heads to Credit Suisse

Francesca McDonagh heads to Credit Suisse

Brussels is set to cut its growth forecasts further and boost its inflation outlook, and Sweden will jettison 200 years of military non-alignment and apply to join Nato alongside its neighbour Finland. Plus, the FT’s Owen Walker talks about Credit Suisse’s high profile new hire, Francesca McDonagh.Mentioned in this podcast:Europe growth and inflation outlooks worsen as energy crisis hitsSweden and Finland to make Nato applications on ‘historic’ day for NordicsFrancesca McDonagh: banker with ‘ste

May 16, 2022 • 9:54

FT Weekend: How Shakespeare gave actor Michael Patrick Thornton his life back

FT Weekend: How Shakespeare gave actor Michael Patrick Thornton his life back

This weekend, Lilah talks to actor Michael Patrick Thornton, who appears in the buzzy new Broadway production of Macbeth. When Michael was 24, he had a series of spinal cord strokes. Reciting Shakespeare's sonnets taught him how to breathe and speak again, and continue his career. Michael is at present the only actor on Broadway who uses a wheelchair. We ask him about the power of language and his role in the play (which also stars Daniel Craig and Ruth Negga). Then, we learn about Britain's top

May 14, 2022 • 33:05

Stablecoins aren’t so stable after all

Stablecoins aren’t so stable after all

Norway’s oil fund has slammed “corporate greed” and excessive executive pay, some former Ukrainian officials believe their forces could push Russian troops out before the end of the year, and Jay Powell was confirmed for a second term as chair of the Federal Reserve. Plus, the FT’s Katie Martin explains how cryptocurrencies’ latest meltdown could spill into normal markets like stocks and bonds. Mentioned in this podcast:Norwegian oil fund denounces ‘corporate greed’ over executive payMilitary br

May 13, 2022 • 9:31

Ping An calls for HSBC break-up

Ping An calls for HSBC break-up

Description: Turkish authorities have raised the pressure on the country’s banks to limit corporate clients’ purchases of foreign currency, US consumer prices rose at an annual pace of 8.3 per cent last month, and the EU will have to spend close to €200bn in the next five years to secure energy independence from Russia. Plus, the FT’s Tabby Kinder explains why HSBC’s biggest shareholder is pressuring the bank to split up. Mentioned in this podcast:Turkey dials up the pressure on banks as lira sl

May 12, 2022 • 9:47

Musk would let Trump back on Twitter

Musk would let Trump back on Twitter

Tesla CEO Elon Musk has said he would reverse Twitter’s ban on Donald Trump, and all but one of the global investment banks in China finally managed to eke out a profit last year. Plus, a look at the new president of the Philippines, Ferdinand “Bongbong” Marcos Jr.  Mentioned in this podcast:Musk says he would reverse Trump’s Twitter ban, calling it ‘foolish’ and ‘morally wrong’Global investment banks in China finally turn a profitThe Marcos revival: how late Philippine dictator’s son went from

May 11, 2022 • 9:37

Sinn Féin’s historic victory

Sinn Féin’s historic victory

Volkswagen chief Herbert Diess has called for the EU to pursue a negotiated settlement to the Ukraine War for the sake of Europe’s economy, Goldman Sachs has paused new Spac offerings, and an historic election victory by Northern Ireland’s Sinn Féin Party has overturned more than a century of unionist dominance in the region.Mentioned in this podcast:Emerging markets hit by ‘toxic’ mix of rising rates and slower growthVW chief’s call for settlement to end war draws outrage from KyivGoldman

May 10, 2022 • 9:26

The cost of China’s zero-Covid lockdown

The cost of China’s zero-Covid lockdown

Xi Jinping’s renewed commitment to zero-Covid policy rattles investors in China, Africa’s top Covid vaccine plant faces an uncertain future after production halt, and plant-based meat maker Impossible Foods claims a rival, Motif, has infringed its patent on a beef-replica product.Subscribe to the FT News Briefing oan Apple Podcasts or SpotifyMentioned in this podcast:Defence companies face supply snags as demand for US weapons risesXi Jinping’s renewed commitment to zero-Covid rattles markets in

May 9, 2022 • 10:04

US-China Tech Race: The great decoupling

US-China Tech Race: The great decoupling

In the final episode of this season of Tech Tonic, we ask if the growing tensions between the US and China could split the world into two competing technological spheres. It has been dubbed 'the great decoupling'. Some in the US want to see Chinese companies cut off from American investment, while hawkish factions in China have been fighting for a more self-sufficient and nationalistic tech sector. But what would decoupling really look like? And is it even possible? Presented by James Kynge, thi

May 8, 2022 • 26:03

FT Weekend:  'Everything Everywhere All at Once' with Daniels

FT Weekend: 'Everything Everywhere All at Once' with Daniels

This week, Lilah interviews Everything Everywhere All at Once directors Daniel Kwan and Daniel Scheinert, also known as Daniels. Their film, starring Michelle Yeoh and Jamie Lee Curtis, has received rave reviews for successfully combining genres from indie comedy to sci-fi to kung fu. Then our colleagues Leo Lewis and Eri Sugiura join us from Tokyo to explain Japan's succession crisis. Small and medium-sized companies employ 80 per cent of people in the country, but many owners’ children do not

May 7, 2022 • 32:20

 London’s push to control the British Virgin Islands

London’s push to control the British Virgin Islands

Wall Street stocks suffered steep declines on Thursday with the Nasdaq’s biggest fall since 2020 and the Bank of England has warned that the UK economy will slide into recession this year. Plus, the FT’s Latin America editor, Michael Stott, explains why the British Virgin Islands is rejecting a push for direct rule from London. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Nasdaq tumbles 5% in sharpest fall since 2020British Virgin Islands premier r

May 6, 2022 • 9:50

Markets sing after Federal Reserve raises rates

Markets sing after Federal Reserve raises rates

The US Federal Reserve raised its benchmark policy rate by half a percentage point for the first time since 2000, the European Union is trying to ban almost all imports of Russian oil, and the FT’s Ben Hall explains why Russia is making nominal military progress in Ukraine. Mentioned in this podcast:Hungary holds up EU plan to ban imports of Russian oilFed implements first half-point interest rate rise since 2000Military briefing: ‘anaemic’ Russian advance heralds long attrition warThe FT News B

May 5, 2022 • 11:02

Draghi urges EU to abandon unanimity requirement

Draghi urges EU to abandon unanimity requirement

BP recorded its highest quarterly earnings in more than a decade, Italy’s prime minister, Mario Draghi, called on Brussels to abandon the requirement for unanimity on foreign policy decisions, and Biogen’s chief executive will step down following the disastrous launch of the company’s Alzheimer’s drug. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:BP’s bumper earnings stoke new calls for windfall taxMario Draghi calls for an end to EU unanimity on f

May 4, 2022 • 8:27

Federal Reserve poised to raise rates a half-percent

Federal Reserve poised to raise rates a half-percent

Amazon workers at a warehouse in New York have rejected efforts to form a union, the US Federal Reserve is poised to make its first half-percentage point rise since 2000, and Danish turbine maker Vestas reported bigger than expected losses and confirmed the impact of the war in Ukraine on the industry. Mentioned in this podcast:Amazon union dealt a setback as it loses vote at second NY warehouseFed reaches for its ‘hatchet’ as it attacks galloping inflationVestas warns war in Ukraine

May 3, 2022 • 9:19

Italy’s tough new approach to Russia

Italy’s tough new approach to Russia

Italy’s tough new approach to Russia marks one of the biggest foreign policy shifts in Europe in years, Germany has called for a phased-in ban on Russian oil imports into the EU, and investors have written to the boards of leading food companies to show shareholder concern about nutrition and obesity.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EU steps up action on Russian oil sanctions Revulsion at Ukraine War ends Rome’s old amity with Moscow Investo

May 2, 2022 • 8:55

US-China Tech Race: brave new world

US-China Tech Race: brave new world

In this episode of Tech Tonic, how a mysterious death in Belgrade prompted Serbia to embrace Chinese surveillance technology, raising concerns among Serbian human rights and privacy activists. They’ve been fighting back against the Serbian government’s use of Huawei facial recognition tech in public spaces. But Serbia is just one of many countries around the world that’s adopted this cutting-edge Chinese mass monitoring equipment. What does it tell us about the spread of Chinese influence around

May 1, 2022 • 27:54

FT Weekend: Morality in the Twitter era. Plus: China’s language revolution

FT Weekend: Morality in the Twitter era. Plus: China’s language revolution

This weekend, we think about morality in the age of social media. According to writer Dan Brooks, we're great at pointing out where good is missing, but we’ve forgotten how to be good people. Then, Yale professor Jing Tsu tells us the story of how China standardised its complex language of 80,000 characters into something that could fit on a keyboard. It wasn’t easy, but it helped make the country the global digital superpower that it is today.--------------Want to say hi? We love hearing from y

Apr 30, 2022 • 30:43

Yen sinks as dollar rises to 20-year high

Yen sinks as dollar rises to 20-year high

The US dollar surged to its highest level in two decades on Thursday, the US economy contracted unexpectedly in the first quarter, Twitter admits an ‘error’ in audience figures for the past three years, and Amazon shares fell after the company said it expects revenue growth to remain sluggish. Mentioned in this podcast:Falling sales and high costs weigh down Amazon earningsUS economy contracts for first time since mid-2020Dollar surges to highest level in 20 yearsTwitter admits overstating

Apr 29, 2022 • 10:21

Putin’s economic war on Europe

Putin’s economic war on Europe

EU leaders accused Moscow of “blackmail” over gas exports, and Spotify tries to distance itself from Netflix after reporting decent quarterly earnings. Plus, the FT’s Owen Walker explains how Credit Suisse shakes up its top executives to shake off mega scandals.  Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:European gas prices soar after Gazprom halts supplies to Poland and BulgariaSpotify chief distances music streaming group from NetflixCredit Suisse

Apr 28, 2022 • 9:49

China’s moves in the South Pacific

China’s moves in the South Pacific

US tech stocks fell to their lowest level in more than a year, the Brexit trade deal has caused a “steep decline” in UK trade with the EU, Chinese businesses have scoured the globe for important strips of land including islands in the South Pacific. Mentioned in this podcast:Alphabet earnings decline as online advertising momentum slowsUK-EU trade relationships tumble after BrexitThe Chinese companies trying to buy strategic islandsUS steps up efforts to court Solomon Islands after China securit

Apr 27, 2022 • 9:46

Twitter CEO Elon Musk?

Twitter CEO Elon Musk?

EU member states are looking at whether to impose a ceiling on what they would pay for Russian oil as a way to hit Kremlin revenues, Twitter’s board has accepted a roughly $44bn offer to sell the company to Elon Musk that would result in the world’s richest man seizing control of the influential social media platform, and French President Emmanuel Macron faces much tougher challenges in his second term in office. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this pod

Apr 26, 2022 • 8:57

Emmanuel Macron elected to second term as French president

Emmanuel Macron elected to second term as French president

Emmanuel Macron has been elected for a second term as president of France, the EU will force Big Tech to police content online more aggressively after approving a major piece of legislation, and Sri Lanka is working with the major multilateral agencies on ways to salvage the country from the current economic meltdown Mentioned in this podcast:EU approves groundbreaking new rules to police Big Tech Emmanuel Macron set to be re-elected in FranceUN asks Sri Lanka to negotiate ‘debt-for-nature’ swap

Apr 25, 2022 • 11:09

US-China Tech Race: Shock and Awe

US-China Tech Race: Shock and Awe

In the latest episode of this Tech Tonic season about US-China tech rivalry, the FT’s US-China correspondent Demetri Sevastopulo tells the inside story of his scoop on China’s secret hypersonic weapon test and how it changed geopolitics. We hear about the new space race between China and the US, including powerful satellite-destroying missiles and the pursuit of commercial space capabilities. Could China and the US ever co-operate on space exploration or are we seeing the dawn of a new space rac

Apr 24, 2022 • 28:40

FT Weekend: The good life, with chefs Daniel Humm and Alice Waters

FT Weekend: The good life, with chefs Daniel Humm and Alice Waters

This weekend we’re returning to the first-ever episode of the FT Weekend podcast, from September. Lilah talks to Eleven Madison Park’s Daniel Humm and Chez Panisse’s legendary Alice Waters to discover how the world’s top chefs are finding purpose beyond their restaurants. Humm created a buzz in May when he announced that his world-famous restaurant would be going entirely plant-based. Has that risk paid off? And what does it mean to do good as a chef? Plus: the FT’s design critic Edwin Heathcote

Apr 23, 2022 • 26:11

Introducing: the FT Climate Game

Introducing: the FT Climate Game

Elon Musk unveiled a $46.5bn financing package to fund his takeover bid for Twitter, Netflix lost close to 40 per cent of its market value after revealing that its once-blistering subscriber growth had gone into reverse, Fed Chair Jay Powell signalled the Fed could raise rates by a half point in May, the FT’s Climate Game allows players to try and save the planet from the worst effects of climate change. Mentioned in this podcast:Elon Musk unveils $46.5bn financing package to fund Twitter bidNo,

Apr 22, 2022 • 11:41

Algeria struggles to meet Europe’s rising demand for gas

Algeria struggles to meet Europe’s rising demand for gas

FT correspondents provide insight on the latest developments in Ukraine, why Algeria cannot supply more energy to meet Europe’s demand, and US airlines respond to a judge’s decision to strike down a mask mandate for transport. Mentioned in this podcast:Mexico nationalises lithium in populist president’s push to extend state controlAlgeria struggles to meet rising demand for its gas after Russian invasion of UkraineCovid travel mask ruling threatens to tie CDC’s hands on future pandemicsThe

Apr 21, 2022 • 8:34

Who will back Elon Musk?

Who will back Elon Musk?

Elon Musk’s $43bn bid to take Twitter private is struggling to draw interest from private equity groups, Netflix shares tumbled on Tuesday after its first quarter earnings report, and the International Monetary Fund has cut its global growth forecast. Plus, the journalist Neri Zilber explains how Israel is handling an influx of immigrants leaving their countries because of the war in Ukraine. Mentioned in this podcast:Big buyout groups rule out writing equity cheque for Musk’s $43bn T

Apr 20, 2022 • 9:44

US Treasury ‘real yields’ about to eclipse inflation expectations

US Treasury ‘real yields’ about to eclipse inflation expectations

Bank of America gave a bullish revenue outlook as the second-largest US lender reported better than expected earnings, and Mexico’s opposition politicians helped defeat a radical energy reform bill backed by President López Obrador. Plus, the FT’s Eric Platt explains why real yields on US treasury bonds are nearing positive territory and what it means for other financial markets. Mentioned in this podcast:Fed policy tightening sends US ‘real yields’ to brink of positive territoryBofA offers rosy

Apr 19, 2022 • 10:22

A year after Greensill Capital’s collapse

A year after Greensill Capital’s collapse

Many people with lingering symptoms of Covid-19 struggle to work or have been forced to leave the workforce entirely. Plus, the FT’s capital markets correspondent, Robert Smith, talks about the lessons learned from the collapse of Greensill Capital a year later. Mentioned in this podcast:Long Covid: the invisible public health crisis fuelling labour shortagesThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Micha

Apr 18, 2022 • 10:49

US-China Tech Race: Chips with Everything

US-China Tech Race: Chips with Everything

Our latest season of Tech Tonic continues, with a deep dive into the semiconductor industry and Taiwan’s unique position as a bastion of computer-chip talent. James Kynge, the FT’s global China editor, looks into the unintended consequences of the race for semiconductor dominance. We hear from Chad Duffy, a Taipei-based cybersecurity expert who helped uncover a major hack on Taiwanese semiconductor manufacturers. James talks to Dan Wang, an analyst with the Shanghai-based Gavekal Dragonomics, ab

Apr 17, 2022 • 25:58

FT Weekend: The story behind one of reggae’s most sampled songs

FT Weekend: The story behind one of reggae’s most sampled songs

This week, we bring our classic Life of a Song series to your ears, with the dramatic story behind 'Bam Bam', Sister Nancy's reggae dancehall classic. Despite being one of the most sampled reggae tracks of all time, it didn't make Sister Nancy a penny for more than 30 years, Alice Kemp-Habib tells us. Then, undercover economist Tim Harford teaches us how to think about failure. What can we learn from an early 2000s Broadway flop that went on to win a Tony award?--------------Want to say hi? We l

Apr 16, 2022 • 33:20

Is the US headed for a recession?

Is the US headed for a recession?

US president Joe Biden announced yesterday he would send $800mn in additional military aid to Ukraine, the FT’s John Paul Rathbone outlines Russia’s changing military strategy, and our US financial commentator, Robert Armstrong, unpacks the debate over whether the US economy is heading into a recession. Mentioned in this podcast:Recession whispers grow louderRecession whispers, part 2Military briefing: Ukraine and Russia prepare for defining Donbas battleUS to provide $800mn in new military aid

Apr 14, 2022 • 10:05

Volkswagen’s U-turn

Volkswagen’s U-turn

Stockpiles of some of the world’s most important industrial metals have dropped to critically low levels, US banks start reporting quarterly earnings today and Boris Johnson has become the first British prime minister to commit a criminal offence. Plus, the FT’s Frankfurt correspondent, Joe Miller, explains why Volkwagen is pivoting its strategy away from growth and toward profit. Mentioned in this podcast:Metal stockpiles shrink as energy prices hit productionUS banks set for big hit to revenue

Apr 13, 2022 • 8:49

The rise of conservative shareholder activism

The rise of conservative shareholder activism

Investors are bracing for another tough report on US inflation, Putin’s war in Ukraine has sparked an exodus of educated professionals from Russia and could worsen the country’s population decline, and conservative shareholder activists in the US have filed a record number of proposals this year as they try to counter what they call “woke-ism” in corporate America. Mentioned in this podcast:Ukraine war threatens to deepen Russia’s demographic crisisPolitical proxies: conservative activists file

Apr 12, 2022 • 9:45

A French presidential election rematch

A French presidential election rematch

Incumbent Emmanuel Macron and far-right candidate Marine Le Pen will advance to the final round of voting after yesterday’s first round of the French presidential election, and Stefania Palma explains the big themes that have emerged from the 1MDB scandal. Plus, the FT’s Asia financial correspondent, Tabby Kinder, explains why China is changing its audit secrecy rules. Mentioned in this podcast:Emmanuel Macron to face Marine Le Pen in French election run-offEx-Goldman banker Roger Ng found guilt

Apr 11, 2022 • 9:50

US-China Tech Race: Spies and Lies (Part Two)

US-China Tech Race: Spies and Lies (Part Two)

In the second episode of this season of Tech Tonic, James Kynge, the FT’s Global China Editor, asks how significant Chinese intellectual property theft has been to the country’s rise as a global tech superpower.We hear from an FBI agent based in Silicon Valley whose job is to prevent the theft of trade secrets, and ask whether China’s ‘talent programmes’, under which Beijing funds scientists and engineers around the world, are actually spy recruitment networks or whether they are genuine attempt

Apr 10, 2022 • 30:37

FT Weekend: How Cameo is changing celebrity. Plus: designing your home

FT Weekend: How Cameo is changing celebrity. Plus: designing your home

This weekend, we delve into the world of celebrity via the app Cameo. What does it mean that we can now pay celebrities to send us personalised video greetings? And how has our interaction with famous people shifted over the last decade? Lilah talks to gaming critic Tom Faber about the ethics and absurdities of fame in 2022. Then, interior design columnist Luke Edward Hall gives us his top tips on making your home really feel like yours.--------------Want to say hi? We love hearing from you. Ema

Apr 9, 2022 • 26:05

Will sanctions create a backlash against the dollar?

Will sanctions create a backlash against the dollar?

French bank shares and bonds were rattled this week after the recent poll showed stronger results for right-wing French presidential candidate, Marine Le Pen.Aluminium producer Rusal became the first Russian company to publicly call for an investigation into the alleged war crimes in the Ukrainian town of Bucha, and FT markets editor, Katie Martin, discusses whether sanctions against Russia might affect the global dominance of the US dollar. Mentioned in this podcast:Le Pen’s poll surge rattles

Apr 8, 2022 • 8:12

Did AutoX risk safety to look good for investors?

Did AutoX risk safety to look good for investors?

The US has imposed its most severe level of sanctions on Russia’s Sberbank and Alfa-Bank, and Brazil might have finally settled on a chief executive for Petrobras. Plus, the FT’s China correspondent, Eleanor Olcott, spoke to staff at a Chinese autonomous vehicle company who say AutoX conducted risky test drives in a push for better data and investment.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US imposes ‘severe’ sanctions on Russian banks after Bucha

Apr 7, 2022 • 8:54

Shanghai lockdown forces bankers to camp in offices

Shanghai lockdown forces bankers to camp in offices

US and eurozone government debt sold off on Tuesday as traders weighed the prospect of stronger sanctions against Russia and comments from a top policymaker at the Federal Reserve signalling more aggressive action, President Joe Biden announces US, UK and Australia co-operation on hypersonic weapons, and in China’s financial hub, Shanghai, there are signs of growing public anger at the government’s stringent zero-Covid lockdown measures. Mentioned in this podcast:Government debt hit as traders w

Apr 6, 2022 • 9:43

Atrocities prompt more calls to ban Russian energy

Atrocities prompt more calls to ban Russian energy

The venerable venture capital firm, Sequoia Capital, has announced a change in leadership, Elon Musk has bought a nearly-10 per cent stake in Twitter, French president Emmanual Macron has called for a ban on Russian oil and coal. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EU moves closer to boycott of Russian energyTwitter/Elon Musk: social media star becomes social media ownerHuawei faces dilemma over Russia links that risk further US sanctionsT

Apr 5, 2022 • 9:32

EU prepares new sanctions after reports of Russian atrocities

EU prepares new sanctions after reports of Russian atrocities

EU prepares more sanctions against Russia after apparent atrocities near Kyiv, French president Emmanuel Macron has warned his supporters not to assume that he will win a second term in this month’s election, and international auditors are resigning from China’s heavily indebted property developers.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EU prepares more sanctions against Russia after apparent atrocities near KyivBig Four under growing pressure as

Apr 4, 2022 • 9:36

Tech Tonic, the US-China Tech Race: Spies & Lies (Part One)

Tech Tonic, the US-China Tech Race: Spies & Lies (Part One)

In the first episode of this season’s six-part series, the FT’s Global China Editor James Kynge tracks China’s dramatic transformation from the manufacturing workshop of the world to the next global superpower. The driver of that change is technology, sparking a battle between China and the US over who will dominate. Numerous ethnic Chinese scientists working in the US have found themselves ensnared in this bitter rivalry, including US-based physics professor Xiaoxing Xi, wrongly accused of indu

Apr 3, 2022 • 31:37

FT Weekend: Poet Maria Stepanova. Plus, Inside the FT newsroom

FT Weekend: Poet Maria Stepanova. Plus, Inside the FT newsroom

This week, guest host Marc Filippino discusses the FT's war coverage in Ukraine with our Editor, Roula Khalaf. How does a news organisation make decisions during wartime? Then Marc talks with Maria Stepanova, author of In Memory of Memory, which was short-listed for the Booker Prize last year. Maria tells us why so many intellectuals are leaving Russia and what it’s like to be Russian and against the war.—-------------Special offers for Weekend listeners, from 50% off a digital subscription to a

Apr 2, 2022 • 30:42

Biden’s move to lower oil prices

Biden’s move to lower oil prices

The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in an attempt to cool oil prices, and the two-year Treasury yield this week rose above the 10-year Treasuries for the first time since 2019. FT markets editor, Katie Martin, explains what this signals for the US economy.Mentioned in this podcast:US orders biggest ever release from Strategic Petroleum ReserveUS yield curve inverts in possible recession signal US bonds: don’t fret about inv

Apr 1, 2022 • 8:53

Russia squeezes Germany over gas

Russia squeezes Germany over gas

SoftBank will slow down further investments amid a scramble for cash, journalist and “Putin’s People” author Catherine Belton talks about the impact sanctions are having on Russian oligarchs. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, talks about Russia’s threat to halt gas shipments to Germany and what that could do to the German economy. Mentioned in this podcast:Softbank to slow investments after crash in tech holdingsGermany takes step towards gas rationing over payments standoff

Mar 31, 2022 • 10:30

The global impact of Putin’s war

The global impact of Putin’s war

Russia has decided to “dramatically” scale back its military activities in the Kyiv area, and Barclays faces a £450mn hit after the bank mistakenly issued $15bn-worth more of financial products in the US than it had permission to do so. Plus, the FT’s chief economics commentator, Martin Wolf, explains how the war in Ukraine is further disrupting the global economy. Mentioned in this podcast:Russia says it will ‘dramatically reduce’ military activity around KyivThe VXX plot thickens with Barclays

Mar 30, 2022 • 9:13

Can the Kremlin track me?

Can the Kremlin track me?

Russia’s biggest internet company has embedded code into apps found on mobile devices that allows information about millions of users to be sent to servers located in the country, the yen dropped to a seven-year low on Monday as the Bank of Japan bucked the global trend for tighter monetary policy, and China’s patchy vaccination campaign has left half of its elderly population exposed to a higher risk of severe Covid-19. Mentioned in this podcast:Russian tech giant’s data harvesting raises secur

Mar 29, 2022 • 9:30

Introducing Tech Tonic: The US/China Tech Race

Introducing Tech Tonic: The US/China Tech Race

A new six-part series of Tech Tonic brings you stories from the frontlines of the battle between the US and China for global technological supremacy. At stake is the future of technologies that will shape all our lives, from the way the internet is used to the way we govern our societies. Join the FT’s Global China Editor James Kynge as he charts China’s dramatic transformation into a global tech superpower, sparking rivalry with the US over who controls our technological future. See acast.com/

Mar 28, 2022 • 1:36

The US-China technology rivalry heats up

The US-China technology rivalry heats up

HSBC has repeatedly edited its analysts’ research publications to remove references to a “war” in Ukraine, the US has denied that it is seeking to overturn Vladimir Putin’s regime, Plus, the FT’s Global China Editor explores how the bitter hi-tech war between the US and China is playing out. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US denies it is seeking regime change in MoscowHSBC cut mentions of Ukraine ‘war’ from analyst reportsTech Tonic: Seaso

Mar 28, 2022 • 8:49

FT Weekend: Art in times of war, plus Anish Kapoor

FT Weekend: Art in times of war, plus Anish Kapoor

This weekend, guest host Taylor Nicole Rogers talks to Ukrainian filmmaker Iryna Tsylik, director of the documentary The Earth is Blue as an Orange. It won a major directing award at Sundance in 2020 and has now become one of the films being used to explain the current war in Ukraine around the world. The film was shot in 2017 in a disputed area of eastern Ukraine, and focuses on a family making home movies during the conflict. Iryna reflects on the power of art now that she’s had to flee her ow

Mar 26, 2022 • 29:39

Bargain hunting for bonds in Russia and Ukraine

Bargain hunting for bonds in Russia and Ukraine

The US is finalising a plan to supply the EU with up to 15bn additional cubic metres of liquefied natural gas by the end of 2022, Russian shares rose as the Moscow exchange partially reopened, hedge funds search for bargains in Russian and Ukrainian bonds, and Toshiba shareholders vote down management’s plan to split the famous industrial conglomerate in two.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US to boost supplies of liquefied natural gas to EU

Mar 25, 2022 • 11:23

Ukraine’s army of volunteers

Ukraine’s army of volunteers

Oil exports from a crucial pipeline on Russia’s Black Sea coast were fully halted on Wednesday, Vladimir Putin said Russia will begin to invoice European gas buyers in roubles, and writer Tim Judah talks about Ukraine’s many volunteer armies, and the FT revealed that Archegos Capital Management quietly amassed a stake in Deutsche Bank after its founder Bill Hwang forged ties with the German lender’s leaders before the family office imploded last year.Subscribe to the FT News Briefing on Apple Po

Mar 24, 2022 • 8:13

Dispatch from Kyiv

Dispatch from Kyiv

Writer Tim Judah talks about life in Kyiv as Russian forces advance on suburbs of Ukraine’s capital, and the FT’s Money Clinic host Claer Barrett talks about gold as a safe haven in times of uncertainty. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Body bags, burning buildings and buzz cuts for soldiers: how Kyiv is survivingMoney Clinic with Claer Barrett: Is Gold the Safest Place to Invest? War in Ukraine: free to read The FT News Briefing is produced

Mar 23, 2022 • 10:55

Why some Western companies are staying in Russia

Why some Western companies are staying in Russia

Moscow reopens markets, Pakistanis face crippling inflation and their prime minister Imran Khan faces a no confidence vote, Nestlé justifies staying in Russia as criticism mounts.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Russia’s local bonds drop as Moscow takes first steps towards reopening marketsUS government bond market suffering worst month since Trump electedNestlé justifies staying in Russia as criticism mountsPakistan: Imran Khan and the poli

Mar 22, 2022 • 11:03

Panicked Russian consumers stock up on staples

Panicked Russian consumers stock up on staples

Germany said it sealed a long-term agreement with Qatar for liquefied natural gas supplies, prices on many products in Russia have shot up as sanctions blow a hole in Russia’s economy, EU lawmakers are set to finalise new rules for leading technology companies despite heavy lobbying by Big Tech, and a key player in the chip industry warns of a two-year shortage of critical equipment.   Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Germany says its clinch

Mar 21, 2022 • 10:14

FT Weekend: How Russia weaponizes disinformation

FT Weekend: How Russia weaponizes disinformation

This weekend, we discuss the power of disinformation, and how Russia has been using it in Ukraine. We are joined by Natalia Antelava, who has reported in Ukraine and Eastern Europe for years. Natalia is editor-in-chief of the popular news website called Coda Story, which focuses on global digital crises, and has been closely covering Putin’s disinformation machine in Ukraine and beyond. We step back and examine the narratives Russia has used since 2014 to confuse, distort, and spread lies.------

Mar 19, 2022 • 33:02

The Great Nickel Pickle

The Great Nickel Pickle

The US secretary of state has poured cold water on hopes of a diplomatic settlement to the war in Ukraine, saying there were no signs Vladimir Putin was “prepared to stop” Russia’s invasion of its neighbour, JPMorgan has processed interest payments sent by the Russian government for two of the country’s bonds, and the London Metal Exchange suspended electronic trading in nickel on Wednesday, just after it reopened for business following a week-long shutdown.Mentioned in this podcast:US pours col

Mar 18, 2022 • 8:56

The Federal Reserve finally raises rates

The Federal Reserve finally raises rates

The Federal Reserve has lifted its benchmark interest rate by a quarter of a percentage point, Europe’s largest energy traders have called on central banks for help to avert a cash crunch, and the FT’s Tom Mitchell discusses the rising cost of Beijing’s loyalty to Moscow. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Fed announces first rate rise since 2018 amid surging inflationChina makes rare intervention to bolster confidence after market routThe ris

Mar 17, 2022 • 10:03

EU and UK impose new sanctions on Russian oligarchs

EU and UK impose new sanctions on Russian oligarchs

Oil prices fell and share indices in Hong Kong and China dropped amid investor jitters over potential lockdowns and their economic impact, German prosecutors have charged a key player in the Wirecard fraud scandal, the UK and EU have levelled new sanctions on Russian oligarchs. Mentioned in this podcast:EU and UK hit Roman Abramovich and other oligarchs with new sanctionsPakistan presses ahead with Russian-built gas pipelineChina shares fall sharply on concerns over Covid outbreak and Ukraine wa

Mar 16, 2022 • 9:19

Biden turns to autocrats for oil

Biden turns to autocrats for oil

US stocks dip lower on concerns over this week’s Federal Reserve meeting, a star witness in the 1MDB corruption trial has wrapped up testimony in a Brooklyn courthouse, and US president Joe Biden is courting Venezuela and re-engaging with Saudi Arabia to overcome his oil sanctions against Moscow.  Mentioned in this podcast:US government bond prices drop ahead of Federal Reserve meetingTim Leissner’s testimony in 1MDB trial shines light on vast fraudHaving frozen out Putin, Biden is warming to ot

Mar 15, 2022 • 9:34

Russian banks hobbled by sanctions

Russian banks hobbled by sanctions

US officials say Moscow has asked Beijing for military equipment to support its invasion of Ukraine, Ukraine’s army celebrates its Turkish drones but Ankara plays down weapons sales to appease Moscow, Russia has ratcheted up the chances that it will default on its debt with a threat to pay international bondholders in roubles rather than dollars, and sanctions are forcing Russian banks to abandon global ambitions and focus on survival. Mentioned in this podcast:US claims Russia has asked China f

Mar 14, 2022 • 10:14

FT Weekend: Understanding Ukraine’s identity. Plus, the Oscars

FT Weekend: Understanding Ukraine’s identity. Plus, the Oscars

This weekend, we speak with Ukrainian journalist Olga Tokariuk, who is currently in western Ukraine. Olga reflects on how Ukrainians forged the resolve they are showing now in the fight against Russia. She shares how Ukraine’s identity has shifted and strengthened over the past 30 years since its independence, especially in the seven years since the Maidan revolution. Then, FT film critic Danny Leigh joins us to discuss this year's Oscars nominees, from ‘Power of the Dog’ to ‘Don't Look Up’. Wit

Mar 12, 2022 • 35:21

Poland welcomes Ukrainian refugees

Poland welcomes Ukrainian refugees

US consumer price growth approached 8 per cent last month ahead of a surge in energy prices following Russia’s invasion of Ukraine, and the war in Ukraine is causing energy bills to skyrocket in the UK. Plus, the FT’s central European correspondent, James Shotter, talks about his reporting on the flood of Ukrainian refugees into Poland and how Poles are responding. Mentioned in this podcast:Tears of relief on Polish border as flow of refugees inches to safetyUS inflation reaches 7.9% in February

Mar 11, 2022 • 9:31

Ukraine war boosts Macron’s re-election chances

Ukraine war boosts Macron’s re-election chances

EU leaders prepare to meet in Versailles today for a summit aimed at a unified response to the war in Ukraine, and Citigroup is having a hard time selling its retail bank in Russia. Plus, the FT’s Paris bureau chief Victor Mallet explains how the Ukraine war is boosting Emmanuel Macron’s re-election chances. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:EU struggles to deepen unity on defence and energyCitigroup ‘running out of options’ in push to sell R

Mar 10, 2022 • 9:05

The stalled green transition

The stalled green transition

The US and UK banned Russian oil and gas imports on Tuesday to punish Moscow for invading Ukraine, the stalled green revolution, and Russians are fleeing the country.  Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Biden bans US imports of Russian oil and gas in attempt to punish PutinCurbs on Russian exports raise risk of oil shock and recession in EuropeWill the Ukraine war derail the green energy transition?War in Ukraine: free to read The FT News Brie

Mar 9, 2022 • 9:58

Russia’s war on Ukraine boosts China’s financial ambitions

Russia’s war on Ukraine boosts China’s financial ambitions

Oil and natural gas prices see-sawed as global stocks fell on Monday after a US push to ban Russian crude faced German resistance, the US Treasury warns banks to be on high alert for sanctions evasion, sanctions on Russia could aid Beijing’s efforts to internationalise the renminbi, and Levi Strauss said it is halting its business in Russia.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Markets rattled by push for Russian oil ban How the Ukraine war could

Mar 8, 2022 • 10:47

Russia’s war on Ukraine adds more turmoil to global shipping

Russia’s war on Ukraine adds more turmoil to global shipping

Russia’s invasion of Ukraine is fueling the ‘fastest growing refugee crisis in Europe since second world war,’ according to the UNHCR; the White House has reversed its position and now is talking with European partners about a ban on Russian oil, and sanctions on Russia have unleashed a renewed wave of disruption for strained global supply chains. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Ukraine invasion fuels ‘fastest growing refugee crisis in Euro

Mar 7, 2022 • 8:23

FT Weekend: The stories we tell, with Elif Shafak

FT Weekend: The stories we tell, with Elif Shafak

This week we bring you one of the most popular episodes from our archive: a conversation with Elif Shafak, the most widely read woman novelist in Turkey. She and Lilah discuss national identity, the generational pain of conflict, and writing in countries that don't have freedom of speech. This conversation feels especially poignant today, as the war in Ukraine becomes even more devastating. This episode also features columnist Enuma Okoro on loving our cities, and economist Tim Harford on feelin

Mar 5, 2022 • 30:43

Commodities prices soar over Russia supply fears

Commodities prices soar over Russia supply fears

Western brands flee Russia, global commodities soar as Putin intensifies his attack on Ukraine, and the US announces new sanctions on Russian oligarchs and their families. Plus, Accenture, McKinsey and Boston Consulting Group are the latest companies to flee or suspend operations in Russia. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US announces new sanctions on Russian oligarchs and their familiesCommodity prices soar to highest level since 2008 over

Mar 4, 2022 • 10:04

War in Ukraine sparks Germany’s defence policy transformation

War in Ukraine sparks Germany’s defence policy transformation

As the brutality of Moscow’s invasion intensifies, the idea of targeting oil and gas exports for sanctions is no longer off the table, and Federal Reserve chair Jay Powell confirmed to US lawmakers that he is backing a quarter point rate rise later this month despite the uncertainties caused by Russia’s invasion. Plus, the FT’s Frankfurt correspondent, Joe Miller, talks about the dramatic change in Germany’s foreign and defence policy as a result of Russia’s war on Ukraine, and how that’s change

Mar 3, 2022 • 9:30

China shifts stance on Ukraine

China shifts stance on Ukraine

The controversial Nord Stream 2 pipeline company that was to bring Russian gas to Europe is reportedly insolvent, China has signalled it is ready to play a role in finding a ceasefire, and crypto exchanges are under pressure to block transactions with Russia as western politicians fear that cryptocurrencies will undermine the effectiveness of financial sanctions.Mentioned in this podcast:Nord Stream 2 pipeline becomes insolvent, says Swiss officialNord Stream 2 pipeline becomes insolvent, says S

Mar 2, 2022 • 10:20

The squeeze on Russia continues

The squeeze on Russia continues

The International Energy Agency will hold an emergency meeting to discuss whether to release oil from strategic stocks to offset rising energy prices caused by Russia’s invasion of Ukraine, Russian financial markets have descended into turmoil after western sanctions over the weekend struck the country’s financial system, and gulf states are staying neutral when it comes to the war in Ukraine. Mentioned in this podcast:IEA to discuss releasing oil stocks on Tuesday to stabilise pricesRussia doub

Mar 1, 2022 • 9:49

BP to sell its stake in Russia’s state oil company Rosneft

BP to sell its stake in Russia’s state oil company Rosneft

BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank and cut some lenders from Swift. Plus, shares in cybersecurity companies rise as companies around the world fear more Russian cyberattacks. Mentioned in this podcast:BP to divest stake in Russian state-oil company RosneftWest to impose sanctions on Russian central bank and cut some lenders from SwiftA globa

Feb 28, 2022 • 10:33

FT Weekend: The international mystery of the ‘Hum’

FT Weekend: The international mystery of the ‘Hum’

Russia has invaded Ukraine. We begin this episode with a visit from FT Weekend editor Alec Russell, a week after he joined us to discuss his years covering the fall of communism in eastern Europe. How can we make sense of this? Then, we go searching for the Hum, a mysterious noise that has plagued the residents of Halifax, West Yorkshire. It’s an uncomfortable, low-frequency sound that has also been heard in towns across the world, from New Mexico to Ontario to Scotland. The FT's Imogen West-Kni

Feb 26, 2022 • 38:02

War in Ukraine shocks markets

War in Ukraine shocks markets

Western countries are punishing Russia after Vladimir Putin ordered an invasion from Ukraine, and UK prime minister Boris Johnson wants to punish Russia by removing it from the Swift international payments system. Plus, the FT’s Katie Martin explains how markets reacted on the first day of the war in Ukraine. Mentioned in this podcast:Putin shatters peace in Europe as Russia storms UkraineWorld leaders divided on whether to eject Russia from Swift payment systemEuropean gas prices soar and oil t

Feb 25, 2022 • 9:47

Putin orders start of ‘military operation’ in Ukraine

Putin orders start of ‘military operation’ in Ukraine

The FT’s Max Seddon, reports from Moscow about Vladimir Putin’s order to launch a full-scale invasion into Ukraine, and the FT’s economics editor, Chris Giles, explains what a Russian invasion might do to the global economy. Mentioned in this podcasVladimir Putin orders start of ‘military operation’ in eastern UkraineUkraine crisis: Sanctions and high energy prices pose threat to global economyRussia-Ukraine webinar: What Next?  The FT News Briefing is produced by Fiona Symon and Marc Filippino.

Feb 24, 2022 • 10:18

Russia’s move on Ukraine triggers western sanctions

Russia’s move on Ukraine triggers western sanctions

Western powers impose sanctions on Russia as Biden says Ukraine ‘invasion’ has begun, and Russian assets are set to bear the brunt of the Ukraine conflict. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains what freezing the Nord Stream 2 pipeline project means for Germany. Mentioned in this podcast:Biden imposes wave of sanctions on Russia for Ukraine ‘invasion’Russian stocks sell off on mounting sanctions risksPutin backs separatist claims to whole Donbas region of UkraineThe FT News Bri

Feb 23, 2022 • 10:50

Putin Moves Into Ukraine

Putin Moves Into Ukraine

Russia sends troops into Ukraine after recognizing two separatist regions there. Then, Russia could be facing sanctions for its actions over Ukraine. How could that affect gas companies and consumers? Finally, Peloton discovered rust on some of its exercise bikes, it sent them to consumers anyway without telling them. We have more on its plan to conceal the rust, known as “Project Tinman.” Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Carl Icahn launches

Feb 22, 2022 • 9:17

Is corporate America becoming more inclusive?

Is corporate America becoming more inclusive?

The Olympics wrapped up in Beijing yesterday, capping two weeks of competition and controversy. Banks pledged in the run up to the Glasgow climate summit to fund a UN-backed ETF. But, the money never arrived and the fund is close to failing. Plus, Taylor Nicole Rogers on what steps companies can take to have a more diverse workforce.Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Are companies walking their diversity talk?Companies urged to honour racial j

Feb 21, 2022 • 7:21

FT Weekend: Lea Ypi talks capitalism and freedom

FT Weekend: Lea Ypi talks capitalism and freedom

This weekend, FT Weekend editor Alec Russell brings us to Albania for Lunch with the FT. He sits down with writer Lea Ypi, whose memoir ‘Free’ documents her childhood there, both under communism and after its fall. Ypi, a political theorist at the London School of Economics asks: does capitalism make us free? Plus: European tech correspondent Madhumita Murgia explores how science fiction shapes our attitudes towards the future, and how that translates across different cultures. --------------Do

Feb 19, 2022 • 33:20

Siberia’s DIY cryptocurrency miners

Siberia’s DIY cryptocurrency miners

Sequoia Capital plans to move deeper into cryptocurrency markets and has earmarked at least $500mn for investments in cryptocurrency assets, and a global financial regulator says that policymakers must act quickly to craft rules for digital asset markets. Plus, the FT’s Moscow correspondent, Polina Ivanova, reports that Siberia has become home to a cottage industry of DIY cryptomining fuelled by cheap electricity. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this po

Feb 18, 2022 • 10:32

Blackstone’s dip into the rent-to-buy market

Blackstone’s dip into the rent-to-buy market

The Federal Reserve’s latest meeting minutes show it would be willing to tighten monetary policy quickly if US inflation does not come under control, and the EU’s top court has opened the way for Brussels to withhold funding from member states for violations of the rule of law. Plus, the FT’s Mark Vandevelde explains how Blackstone’s rent-to-buy business is working out. Mentioned in this podcast:Fed prepared to tighten policy more aggressively if inflation persistsBlackstone’s new real estate pl

Feb 17, 2022 • 8:18

Soaring oil prices put US shale in a bind

Soaring oil prices put US shale in a bind

US and European shares rallied on Tuesday after Russia said it had begun pulling back some troops, and former Google chief executive, Eric Schmidt, is creating a $125mn fund to address problems with artificial intelligence. Plus, the FT’s US energy editor, Derek Brower, explains that US shale companies are feeling pressured to produce less oil despite rising prices. Mentioned in this podcast:US stocks rise after Russia says some troops returning to baseOil’s climb towards $100 a barrel tempts U

Feb 16, 2022 • 8:05

Emerging markets: high risk, no reward?

Emerging markets: high risk, no reward?

The FT’s Gideon Rachman discusses the messaging wars between the US and Moscow over Ukraine, Central America and Mexico is benefiting from a bumper year in remittances from migrant workers in the US. Plus, the FT’s Jonathan Wheatley explains why investors might be getting more nervous about sinking their money into emerging markets. Mentioned in this podcast:Putin, US intelligence and the global fight for the Ukraine narrativeRemittances made to Central America from the US have reached record le

Feb 15, 2022 • 9:38

The FT investigates Axel Springer’s #MeToo moment

The FT investigates Axel Springer’s #MeToo moment

German chancellor Olaf Scholz heads to Kyiv and Moscow to try and deter Putin from attacking Ukraine, and Germans are confronting a major #MeToo moment as German publishing conglomerate Axel Springer comes under scrutiny for sexual misconduct charges against top editor Julian Reichelt. The FT’s Berlin correspondent Erika Solomon discusses her investigation of how the media company handled the accusations. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Sch

Feb 14, 2022 • 9:20

FT Weekend: Will Silicon Valley ruin Miami?

FT Weekend: Will Silicon Valley ruin Miami?

Miami is hot right now. In the pandemic, more people moved to Florida than to any other state by a long shot. Chief among them were the tech elite, who have made Miami—one of America’s most diverse cities—their next big conquest. But what happens when Silicon Valley falls in love with a place with such a singular culture? Will a new tech migration help Miami, or hurt it? We go to Miami with writer Joel Stein to meet the people investing in 'Miami 2.0', from A-Rod to Mayor Francis Suarez to its n

Feb 12, 2022 • 26:24

Inflation prompts investors to ditch Treasuries

Inflation prompts investors to ditch Treasuries

A court struggle in China is casting a shadow over the company’s hopes for an Arm IPO after its failed $66bn sale to Nvidia, the 10-year Treasury yield on Thursday climbed to 2 per cent for the first time since August 2019, as investors ditched government debt on the latest evidence of stubbornly high inflation, and European scientists have made a big breakthrough in the decades-long effort to generate energy from nuclear fusion. Mentioned in this podcast:SoftBank’s plans for Arm IPO hit by lega

Feb 11, 2022 • 8:45

Peloton’s turmoil could be appealing

Peloton’s turmoil could be appealing

Dozens of biotech companies are running low on cash and face an uphill struggle to raise fresh funds, Fidelity’s little-known passive investment business Geode Capital Management surged to $1tn in assets last year. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why Peloton’s latest turmoil makes it an attractive acquisition target. Mentioned in this podcast:Bursting ‘Biotech bubble’ inflicts pain on tourist investors and innovatorsFidelity’s index fund business Geode hits

Feb 10, 2022 • 9:35

London and Paris at impasse over migrants

London and Paris at impasse over migrants

Credit Suisse investors warn they will try to block any extension of vice-chair Severin Schwan, and SoftBank is looking to list UK chip design company Arm Holdings on the Nasdaq in the US after a sale to Nvidia fell through. Plus, the FT’s Robert Wright and leading researcher Virginie Guiraudon discuss the current state of the UK-EU migrant crisis and why no solutions are forthcoming. Mentioned in this podcast:Credit Suisse shareholders take aim at vice chair following scandalsSoftBank looks to

Feb 9, 2022 • 11:15

Horatio Clare on the UK migrant crisis and Dover

Horatio Clare on the UK migrant crisis and Dover

Credit Suisse became the first Swiss bank in the country’s history to answer criminal charges on Monday, and the US is lobbying Brussels to water down the effect of EU regulations targeting Big Tech companies. Plus, we talk to the author Horatio Clare about the UK town of Dover and how people there are approaching the migrant crisis. Mentioned in this podcast:Landmark Credit Suisse money laundering trial opensUS officials lobby key European powerbroker on Big Tech regulationsLife and death on Do

Feb 8, 2022 • 11:40

Great Britain’s migrant crisis

Great Britain’s migrant crisis

A week of dizzying diplomatic meetings seeking to de-escalate tensions with Russia kicks off today in Moscow and Washington, aid agencies call for unblocking of cash flows to Afghanistan as the humanitarian crisis deepens. Plus, the FT’s Anna Gross takes us inside a French refugee camp to hear the stories of the people who are seeking asylum in the UK. Mentioned in this podcast:Ukraine: EU wrestles with how to inflict sanctions ‘pain’ on RussiaAid agencies call for unblocking of cash flows to Af

Feb 7, 2022 • 9:32

FT Weekend: Does Peloton trick us into working out?

FT Weekend: Does Peloton trick us into working out?

This weekend, we look at the Peloton phenomenon. Is it a failing fitness cult or a lasting way to stay healthy? Lilah and San Francisco correspondent Patrick McGee explore the behavioural science behind why we don’t exercise and the tech that tricks our brains into doing it anyway. Then, management editor Andrew Hill tells us why so many bad business books exist at the airport, and what makes a good one--------------If you want to explore the FT, use this link for special discounts for listeners

Feb 5, 2022 • 30:47

Facebook's fall hits markets

Facebook's fall hits markets

Wall Street stocks slumped on Thursday after disappointing earnings reports in the technology sector from Facebook parent Meta, Turkey and Ukraine signed a deal to deepen defence co-operation in defiance of warnings from Moscow, and Olympics sponsors are accused of ignoring the plight of China’s Uyghur Muslims. The FT’s Andrew Edgecliffe-Johnson talks about the pressure on companies and how they are responding. Mentioned in this podcast:Amazon shares surge on Prime price rise and boost from clou

Feb 4, 2022 • 9:47

Spotify responds to the Joe Rogan fiasco

Spotify responds to the Joe Rogan fiasco

Spotify delivered a weak outlook for first-quarter subscriber growth, investors are putting more pressure on the European Central Bank to raise interest rates, and Argentina has been plunged into a fresh crisis after a crucial political figure resigned over the country’s outline debt deal with the International Monetary FundMentioned in this podcast:Spotify warns it’s ‘too early’ to calculate impact of Joe Rogan rowEurozone inflation hits record 5.1% in JanuaryResignation of Peronist leader trig

Feb 3, 2022 • 10:36

Has plant-based meat peaked?

Has plant-based meat peaked?

Alphabet announced a 20-for-one stock split on Tuesday, and businesses across Myanmar shut up shop yesterday, joining a nationwide “silent strike” to mark the first anniversary since a military coup. The FT’s commodities correspondent, Emiko Terazono, explains that the slowing growth of plant–based meat sales has taken executives by surprise. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Google parent Alphabet posts surge in search advertising revenueMya

Feb 2, 2022 • 8:48

January stocks hit the skids

January stocks hit the skids

The US stock market has suffered its worst start to the year since the global financial crisis, US and European allies are preparing what is being described as the most aggressive package of economic and financial sanctions ever assembled to punish Russian president Vladimir Putin, and Italian government bonds rallied as investors welcomed the re-election of Sergio Mattarella as president. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:US stock markets en

Feb 1, 2022 • 9:49

Ukrainian city braces itself for war

Ukrainian city braces itself for war

The world’s largest sovereign wealth fund has warned that investors face years of low returns due to permanent inflation, and splits are emerging in corporate America’s response to a supply chain crisis. Plus, the FT’s Europe editor, Ben Hall reports from the Ukraine city of Mariupol about how people view a potential Russian invasion. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:World’s largest wealth fund warns ‘permanent’ inflation will hit returnsUkr

Jan 31, 2022 • 10:41

FT Weekend: Treasure hunting on the Thames, with Jo Ellison

FT Weekend: Treasure hunting on the Thames, with Jo Ellison

This week, we look at two things that connect us to human history. First, How To Spend It editor Jo Ellison takes us mudlarking — sifting through low tide for treasure — to find remnants of ordinary life from hundreds of years ago. Licensed mudlark Lara Maiklem teaches us how. Then we explore the staying power of games: why do we love them? Why have we been playing some for more than 7,000 years? Our gaming critic Tom Faber joins us to discuss. --------------If you want to explore the FT, use th

Jan 29, 2022 • 27:09

Russian gas projects face sanctions

Russian gas projects face sanctions

Apple posted record revenue of $123.9bn in the holiday quarter, and investors had a tough time gauging the Federal Reserve’s hawkish tone, the UK’s new information watchdog says he wants the country to take the lead on holding Big Tech to account in a post-Brexit Britain free of cumbersome European data rules.Plus, the FT’s European diplomatic correspondent, Henry Foy, reports that western countries are threatening Russia with new sanctions if it invades Ukraine. Subscribe to the FT News Briefin

Jan 28, 2022 • 9:50

The Fed plans to be ‘humble and nimble’ and hawkish

The Fed plans to be ‘humble and nimble’ and hawkish

Tesla reported a record net profit of $2.3bn last quarter but warned of supply chain constraints and the Federal Reserve signalled its intention to raise interest rates in March. Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week. Mentioned in this podcast:Tesla reports record profit but warns of constraints on supply chainFed signals March rate rise as it fights rampant inflationChina’s vape queen hit by

Jan 27, 2022 • 10:28

The Draghi dilemma

The Draghi dilemma

Google has overhauled a central piece of technology it is building to replace advertising cookies, and the owner of 7-Eleven is facing investor calls to split up. Plus, the FT’s Rome correspondent, Amy Kazmin, explains why Italy is having such a hard time finding someone who can be prime minister if Mario Draghi is elected president. Mentioned in this podcast:Google changes course on cookies plans following advertising industry backlash7-Eleven owner faces investor calls to split upThe Draghi di

Jan 26, 2022 • 10:35

The Big Dip

The Big Dip

Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session, Peloton has come under attack from an activist investor, and the United Arab Emirates said it intercepted two missiles launched by the Iran-allied Houthi rebels in Yemen. Mentioned in this podcast:US stocks reverse severe losses as buyers step inUAE intercepts ballistic missiles fired by Houthis over Abu DhabiActivist investor urges Peloton to fire chief and explore saleHow connecte

Jan 25, 2022 • 11:06

Discontent at Unilever

Discontent at Unilever

Germany’s largest publishers and advertisers are demanding that the EU intervene over the Google's plan to stop the use of third-party cookies, Sony has plans to enter the electric vehicle market. Plus, the FT’s asset management correspondent, Harriet Agnew, discusses the discord at the global consumer goods conglomerate Unilever. Mentioned in this podcast:German publishers oppose Google plan to phase out third-party cookiesActivist hedge fund Trian builds stake in UnileverSony launches electric

Jan 24, 2022 • 8:41

FT Weekend: Pati Jinich and Gillian Tett on food, culture and power

FT Weekend: Pati Jinich and Gillian Tett on food, culture and power

This weekend, we look at our culture through new lenses. First, we go to Mexico. Lilah speaks to James Beard Award-winning chef Pati Jinich about how diplomacy is sometimes better achieved through the language of food. Then, anthropologist and FT columnist Gillian Tett looks at social phenomena through the lens of anthropology – from crypto to how tastemakers decide what is 'cool'. Gillian has a PhD in social anthropology and recently published a book called ‘Anthro-Vision’. --------------If you

Jan 22, 2022 • 35:33

The bright side of Bund yields

The bright side of Bund yields

The Federal Reserve has for the first time launched a period of debate of a central bank digital currency, and Luckin Coffee is planning to relist in the US after being delisted following a $300m fraud scandal. Plus, the FT’s Katie Martin explains why we should pay attention to German Bund yields turning positive this week.  Mentioned in this podcast:Fed opens debate on possible digital currencyLuckin Coffee plots relisting in US two years after $300m fraud​​Germany’s 10-year Bund yield turns po

Jan 21, 2022 • 9:14

Moscow’s ‘Fortress Russia’ strategy

Moscow’s ‘Fortress Russia’ strategy

A US Senate committee will begin debating a pair of bills designed to reshape technology regulation, and US banks are gearing up for interest rate rises planned by the Federal Reserve this year. Plus, the FT’s Moscow bureau chief, Max Seddon, explains how Russia has built up its economy to protect itself from sanctions. Mentioned in this podcast:US Senate committee to debate legislation targeting Big Tech’s powerBank of America projects ‘robust’ interest income growth as loans reboundMoscow’s s

Jan 20, 2022 • 9:19

Microsoft and Activision’s shared virtual universe

Microsoft and Activision’s shared virtual universe

The car industry has turned on France’s plan to force manufacturers to attach the equivalent of a public health warning to their advertising, and US telecoms companies will delay their rollout of 5G services near airports. Plus, the FT’s Chris Nuttall, explains why Microsoft’s $75bn deal for Activision Blizzard makes sense. Mentioned in this podcast:Carmakers criticise French plan for health warning on advertsAT&T and Verizon limit 5G service near US airports after airlines’ outcryActivision lev

Jan 19, 2022 • 10:06

China applies brakes to Africa lending

China applies brakes to Africa lending

UK inflation is expected to rise to a 30-year high when December’s data are released this week, Meta patent applications indicate how the Silicon Valley group intends to cash in on its virtual world with hyper-targeted advertising and sponsored content, Chinese lenders have grown more cautious about lending to African nations as some have reached the limit of their borrowing capacity and the prospect of defaults loom, and the Scottish government has awarded 25 gigawatts of offshore wind project

Jan 18, 2022 • 8:08

Bain under fire for enabling South Africa corruption

Bain under fire for enabling South Africa corruption

Pension cash for British Gas workers was used to buy Israeli cyberweapon developer NSO Group, European sales of electric cars overtook diesel models for first time in December, and the FT’s Southern Africa correspondent Joseph Cotterill discusses Bain’s role in state corruption in South Africa under former president Jacob Zuma. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyStories mentioned in this podcast:British Gas pension cash used to buy Israeli spyware group NSOhttps://www.

Jan 17, 2022 • 9:15

FT Weekend: Tracey Emin: ‘I want to be a happy ghost’

FT Weekend: Tracey Emin: ‘I want to be a happy ghost’

This week, we’ve got two GOATs – that’s Greatests Of All Time. Legendary artist Tracey Emin is starting an art school and studio compound in Margate, England, the seaside town where she grew up. On the week of her winning the Whitechapel Art Icon Award, we speak to Emin about the legacy she’s building and examine the work that came before, from scandalous installations like “My Bed” to her more contemplative work. Then, the FT’s wine columnist Jancis Robinson teaches us about the world of wine.

Jan 15, 2022 • 29:51

The London-Kazakhstan connection

The London-Kazakhstan connection

Google says it will spend $1bn to purchase its office building in London, Katie Martin explains why Ken Griffin selling a $1.2bn stake in his Citadel Securities is a big deal, and FT investigation correspondent, Tom Burgis, describes a British industry that caters to global elites who want to hide their wealth and manage their reputations. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Google bets on return to office with $1bn purchase of London buildingK

Jan 14, 2022 • 10:37

Environmental activists target top PR firms

Environmental activists target top PR firms

Boris Johnson suffered the toughest day of his premiership on Wednesday when he faced calls to quit after he admitted attending a Number 10 “bring your own booze” party during lockdown, the commodities boom has extended to nickel which reached its highest level in a decade, environmentalist activists are targeting public relations firms, and Beyond Meat has become one of the most shorted companies on US stock market. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this

Jan 13, 2022 • 9:11

The Fed’s Big Shrink

The Fed’s Big Shrink

Read a transcript of this episode on FT.comhttps://www.ft.com/content/afd4c412-780b-407a-8b5a-10175cf319fcA US judge says that the Federal Trade Commission can go ahead with a revised case seeking to break up Facebook, and the latest US inflation report is expected to show prices rose at their fastest pace in nearly 40 years. Plus, the FT’s US markets editor, Eric Platt, explains how the Federal Reserve is expected to wind down its $9tn balance sheet after a pandemic largesse. Mentioned in this

Jan 12, 2022 • 9:22

US shifts from the ‘war on drugs’

US shifts from the ‘war on drugs’

Read a transcript of this episode on FT.comhttps://www.ft.com/content/d84a12a8-97da-4331-836b-391c25c8676bThe Federal Reserve’s second-in-command has resigned after a trading scandal, companies raised more than $100bn on the bond market in the first week of this year, and Wall Street’s biggest banks are set to report record profits. Plus, the FT’s pharmaceutical correspondent, Jamie Smyth, discusses the latest controversy as the US shifts away from the ‘war on drugs’. Mentioned in this podcast:F

Jan 11, 2022 • 9:40

Investors gear up for ‘gold rush’ in metaverse hardware

Investors gear up for ‘gold rush’ in metaverse hardware

Read a transcript of this episode on FT.comhttps://www.ft.com/content/51351f23-63b8-458c-9ee2-a7cbda43c287Nato has warned Moscow to abandon its belligerent foreign policy or face a military alliance steeled for conflict, frustration over corruption in Portugal is the hot button issue for voters in this month’s election, and UK financial regulators plan to take a close look at cloud computing companies. Plus, the FT’s Asia business editor, Leo Lewis, explains why investors are ready to pour money

Jan 10, 2022 • 9:52

FT Weekend -- Happily ever after? Disney in the 21st century

FT Weekend -- Happily ever after? Disney in the 21st century

Happy New Year! Our first episode of 2022 is dedicated to one of the world’s most powerful cultural forces: Disney. What happens when a company with that much influence just keeps growing? We visit Disneyland for a rare interview with CEO Bob Chapek, with FT reporters Chris Grimes and Anna Nicolaou. We explore where Disney Plus fits into the digital streaming wars. And Lilah speaks with a Disney expert, Sabrina Mittermeier, about how the company is reckoning with its prejudices 100 years into it

Jan 8, 2022 • 27:12

‘Spec-tech is getting wrecked’

‘Spec-tech is getting wrecked’

Read a transcript of this episode on FT.comhttps://www.ft.com/content/4418eedc-e949-4d44-a517-55e73f2076f9Outgoing Federal Reserve vice-chair has blamed “inadvertent errors” for failing to disclose the full extent of his trading activity at the start of the pandemic, the FT’s Katie Martin looks back on the first week of trading in 2022, and our Moscow and Central Asia reporter, Nastassia Astrasheuskaya, unpacks the protests in Kazakhstan and Russia’s interest in helping its neighbour maintain st

Jan 7, 2022 • 9:05

Corporate America after the Capitol insurrection

Corporate America after the Capitol insurrection

Read a transcript of this episode on FT.comhttps://www.ft.com/content/31290819-a321-496e-a995-4281198ec453Minutes from the latest Federal Reserve meeting show the US central bank gearing up for more aggressive tightening, tech stocks plummeted, Hong Kong is bracing for sharply higher food prices, and one of Germany’s biggest utilities, Uniper, has been forced to seek €10bn of financing to avoid a cash crunch. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, talks about corporate Ame

Jan 6, 2022 • 9:55

The small German city hosting BioNTech

The small German city hosting BioNTech

Read a transcript of this episode on FT.comhttps://www.ft.com/content/cf9a801f-d99d-4703-a1dd-2219ee91f3faChinese banks rushed to meet their annual state-imposed lending quotas last month by buying up low-risk financial instruments, a divided EU has demanded a role in next week’s negotiations with Russia over the Ukraine crisis, and travel stocks rose sharply on Tuesday. Plus, the FT’s Frankfurt correspondent, Joe Miller, explains why the German city of Mainz wants to hang onto the vaccine maker

Jan 5, 2022 • 8:52

The pandemic is messing with US labour market data

The pandemic is messing with US labour market data

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f1236902-0997-4028-8cd1-d50317d10abaA jury found Elizabeth Holmes guilty of conspiring to defraud investors in the failed blood testing start-up Theranos, Apple has become the first company to hit a market capitalisation of $3tn and US president Joe Biden is launching a crackdown on the country’s largest meat producers. Plus, the FT’s US economics editor Colby Smith explains why the country is struggling to measure jobs growth

Jan 4, 2022 • 9:50

Forecasting the world in 2022

Forecasting the world in 2022

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f0ee8a8b-fab1-4fcc-a49e-864a7b2cf62eThe US chief medical adviser has warned of an “unprecedented” surge in Covid-19 cases, and Tesla smashed its own production and delivery records in the final months of last year. Plus, the FT’s chief leader writer, Neil Buckley shares some of the FT’s predictions when it comes to 2022’s top stories. Omicron drives Covid infections in US to record highshttps://www.ft.com/content/a75a74a9-a017

Jan 3, 2022 • 9:42

Who made up the metaverse?

Who made up the metaverse?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/693b3337-ce80-4150-866a-01e1c3730fadUS financial conditions are near the most accommodative on record even as the Federal Reserve has begun stepping up its exit from coronavirus crisis-era stimulus measures, and soaring US stock markets are masking a strong tide that is pulling down the share prices of hundreds of companies, and the FT’s European technology correspondent, Madhumita Murgia, discusses science fiction’s influence

Dec 23, 2021 • 11:04

America’s segregated banking

America’s segregated banking

Read a transcript of this episode on FT.comhttps://www.ft.com/content/ee47c8a9-9e84-4e31-bcf0-2314be0b406fUS stock exchanges are increasing their efforts to attract new companies to fill the gap left by a decline in Chinese listings, and Turkey’s lira jumped sharply after President Recep Tayyip Erdogan announced a new savings scheme. Plus, the FT’s US banking correspondent, Imani Moise, explains why black Americans struggle to get cheap bank loans. US Exchanges look elsewhere in Asia to replace

Dec 22, 2021 • 10:41

Chile veers left

Chile veers left

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5e8d9be2-8efa-4339-b80a-53ffe0664ec1US retailers’ supply chain problems are being exacerbated by computer programs known as “Grinch bots” that are buying up the most sought-after holiday gifts in split-second online swoops, Chinese artificial intelligence company SenseTime is relaunching its initial public offering in Hong Kong with the help of investment from state-backed entities after being blacklisted by the US, and in Chi

Dec 21, 2021 • 8:39

The melody of a yield curve

The melody of a yield curve

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b08546bc-7eee-4c25-9e5c-db458728e4c2US president Joe Biden suffered a blow to his efforts to pass his signature $1.75tn social spending bill when Joe Manchin, the pivotal Democratic senator from West Virginia, explicitly rejected the package, European countries are tightening restrictions to reduce the spread of Omicron after the Netherlands reimposed a strict nationwide lockdown on Saturday, and FT capital markets corresponde

Dec 20, 2021 • 8:24

FT Weekend—Predictions for 2022: Britney, flip phones and the metaverse

FT Weekend—Predictions for 2022: Britney, flip phones and the metaverse

It's the final FT Weekend episode of 2021, and we are marking the end of one unpredictable year and the start of another. What do you think will happen in 2022? Matt Vella, FT Weekend Magazine editor, joins Lilah to discuss listeners’ cultural predictions. A lot of them had an air of nostalgia: Will Britney make a documentary about her life? Will flip phones make a comeback? Then, our pop critic Ludovic Hunter-Tilney teaches us the art of the perfect holiday playlist. --------------If you want a

Dec 18, 2021 • 28:54

The Bank of England’s surprise rate rise

The Bank of England’s surprise rate rise

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5355f6b9-ad94-401e-bedd-557a9e75b15fResidents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant, and TPG is joining the wave of private equity groups that are going public. Plus, the FT’s markets editor, Katie Martin, explains why investors were so taken aback by the Bank of England’s rate rise yesterday. Americans rush for vaccine boosters ahe

Dec 17, 2021 • 9:15

The Fed expects three interest rate rises for next year

The Fed expects three interest rate rises for next year

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5418e790-754e-4421-a7d2-99fd610466c3Federal Reserve officials expect to raise interest rates three times next year, and investors are piling into inflation-linked assets in a bet that consumer prices will continue to soar. Plus, the FT’s law courts correspondent, Jane Croft, tells the tale of a money laundering conviction that started with garbage bags stuffed with cash. Fed officials expect three rate rises next year in hawki

Dec 16, 2021 • 9:18

The queen of the bull market faces her toughest test

The queen of the bull market faces her toughest test

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9db04e62-720a-47b6-89a8-3fc0f383b489The US Federal Reserve is expected to announce a swift scaling back of its enormous stimulus programme and boost its expectations for interest rate increases next year, and the UK’s Advertising Standards Authority has taken the crypto industry to task for “widespread” problems with misleading and irresponsible ads. Plus, Ark Invest’s CEO, Cathie Wood, is known as the queen of the bull market

Dec 15, 2021 • 9:07

The battle inside JPMorgan over A-Rod’s millions

The battle inside JPMorgan over A-Rod’s millions

Read a transcript of this episode on FT.comhttps://www.ft.com/content/6c90116a-d978-4b3c-9fba-0b57b2a42aecThe US Department of Labor is investigating Apple over claims that it retaliated against an employee who complained of workplace harassment and unsafe working conditions, European gas futures rose 10 per cent on Monday after German foreign minister Annalena Baerbock said the Nord Stream 2 pipeline could not be permitted in its current form because it did not comply with EU law; and a senior

Dec 14, 2021 • 9:00

Fast fashion’s new superpower: Shein

Fast fashion’s new superpower: Shein

Read a transcript of this episode on FT.comhttps://www.ft.com/content/99bcfb02-6de4-4658-9d7f-c210db884fdfThe cost of flying cargo around the world has reached record levels, and workers are demanding that gig economy companies explain their algorithms. Plus, the FT’s retail correspondent, Jonathan Eley, explains how the Chinese company Shein became one of the world’s biggest fast fashion companies and recently surpassed Zara to become the top fast fashion brand in the U.S.Air freight costs soar

Dec 13, 2021 • 10:02

FT Weekend: A trip to our secret book vault. Plus: the best books of 2021

FT Weekend: A trip to our secret book vault. Plus: the best books of 2021

This weekend, we’re going behind the scenes of the FT’s legendary Books of the Year roundup. Literary editor Frederick Studemann and deputy books editor Laura Battle take us into a secret room in the basement of the FT, where all the books sent in for review are kept behind lock and key. You’ll leave this episode with a lot on your reading list, including recommendations from editor Roula Khalaf, FT weekend editor Alec Russell, chief economics commentator Martin Wolf and more.--------------If yo

Dec 11, 2021 • 25:22

The markets shrug off Omicron

The markets shrug off Omicron

Read a transcript of this episode on FT.comhttps://www.ft.com/content/699883ef-69b7-425f-a149-915268ccac82US consumer prices for November are expected to have increased at the fastest pace in nearly 40 years, and workers at a Starbucks in Buffalo, New York, have voted to become the coffee shop chain’s first unionised store in the US. Plus, FT markets editor, Katie Martin, explains why investors are shrugging off the Omicron variant of the coronavirus. US consumer prices expected to log biggest a

Dec 10, 2021 • 10:52

Evergrande’s endgame

Evergrande’s endgame

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f448826b-f40b-49be-824d-5795493cee5fThe Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron, and Apple is tolerating a loose interpretation of its new privacy rules allowing app developers to collect data from its 1bn iPhone users for targeted advertising. Plus, the FT’s Beijing Bureau chief, Tom Mitchell, explains how the Chinese government might orchestrate the slow-motio

Dec 9, 2021 • 9:49

Biden-Putin spar over Ukraine

Biden-Putin spar over Ukraine

Read a transcript of this episode on FT.comhttps://www.ft.com/content/4f159e0e-06fa-4610-8768-4807a47b6fbeChina is preparing a blacklist that could tightly restrict the main channel technology start-ups use to attract international capital, and the US is pressuring Germany to block Russia’s Nord Stream 2 gas in the event that Vladimir Putin invades Ukraine. Plus, the FT’s hedge fund correspondent, Laurence Fletcher, talks about Elliott Management, one of the most “fearsome” activist hedge funds.

Dec 8, 2021 • 8:31

Researchers struggle to access Facebook data

Researchers struggle to access Facebook data

Read a transcript of this episode on FT.comhttps://www.ft.com/content/0c162b9e-4c9a-40bf-ab48-a6d5f9830f6eA sustained rally in the price of carbon allowances could prompt UK government intervention, Germany’s new government is prioritising climate goals, and the FT’s European technology correspondent, Madhumita Murgia, reports on academics’ struggles to access Facebook data that they need in order to find out more about the social effect of the company’s platforms.Carbon price surge triggers UK

Dec 7, 2021 • 8:58

The Tesla-financial complex

The Tesla-financial complex

Read a transcript of this episode on FT.comhttps://www.ft.com/content/6842cbfd-af06-459d-80cb-e62f68db910cSeveral of Toshiba’s biggest shareholders accuse the conglomerate of failing to fully pursue talks with private equity buyers and plan to vote against a company proposal to split into three separate businesses, European auto suppliers say half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, and Tesla’s outsized influence in financial markets

Dec 6, 2021 • 10:23

Weekend: Seeing Princess Diana, with ‘Spencer’ director Pablo Larraín

Weekend: Seeing Princess Diana, with ‘Spencer’ director Pablo Larraín

Do we need another Princess Diana film? Maybe we do, actually. This weekend, we’re talking about new ways to see old things. Lilah speaks with director Pablo Larraín, who our film critic calls ‘one of the most consistently interesting directors in cinema today’. He explains the creative process behind his new film Spencer, starring Kristen Stewart as Diana. Then, we ask the question: what is up with the House of Lords? The FT’s political editor George Parker explains why one of the world’s most

Dec 4, 2021 • 27:41

Brazil’s bullish finance minister

Brazil’s bullish finance minister

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e596c61d-a93c-48e6-8a16-c3b67d1f3f17Saudi Arabia has agreed to keep increasing monthly crude oil production following a charm offensive by Biden administration officials, the US is delaying a deal to remove Trump-era tariffs on UK steel and aluminium, and Brazil’s economy has entered a technical recession but its finance minister remains bullish about his economy. Plus, FT Weekend deputy editor, Esther Bintliff, talks about th

Dec 3, 2021 • 9:47

Iran’s looming water crisis

Iran’s looming water crisis

Read a transcript of this episode on FT.comhttps://www.ft.com/content/79f693ec-50d9-42d0-94af-b8b5d9d8d931The US-based Women’s Tennis Association says it will suspend its tournaments in China over Beijing’s handling of tennis star Peng Shuai and her sexual assault allegations; the rapid growth of multi-manager hedge funds has unleashed a fierce battle for talent and driven compensation for top traders sky-high; a local dispute in France over an offshore wind farm has spiralled into a polarising

Dec 2, 2021 • 9:20

Stock market fragility

Stock market fragility

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5810c0fd-5325-4b58-93d6-4790d00956adJay Powell signalled his support for a quicker withdrawal of the Federal Reserve’s massive asset purchase programme, and the world’s biggest clothing retailer, Inditex, has named the 37-year-old daughter of its founder as the company’s new chair. Plus, Robin Wigglesworth, the FT’s global finance correspondent, explains why markets might be more fragile than many people think. Powell signals

Dec 1, 2021 • 10:20

Jack Dorsey exits Twitter

Jack Dorsey exits Twitter

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b6aa92ea-4a07-4423-acbe-deacad5313a5Twitter co-founder Jack Dorsey stepped down as the company’s chief executive on Monday, and an activist investor has called on commodities giant Glencore to spin off its thermal coal business. Plus, the FT’s global pharmaceutical correspondent, Hannah Kuchler, explains how Pfizer came to dominate the market for Covid jabs and what the concerns are about the company’s market power. Activist c

Nov 30, 2021 • 9:19

Nations race to contain the Omicron variant

Nations race to contain the Omicron variant

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f39ef841-2756-40c4-9da5-487316beac2eCountries are imposing new lockdowns and travel restrictions to try and contain the new Omicron coronavirus variant, and the UK’s competition regulator is expected to try and reverse Meta’s acquisition of online gif platform Giphy. Plus, the FT’s Tehran correspondent, Najmeh Bozorgmehr, offers a view from Iran as the country prepares to sit down with Western powers in Vienna this week for ta

Nov 29, 2021 • 7:55

FT Weekend: Eat, drink and be merry

FT Weekend: Eat, drink and be merry

What do you think of when you hear the words ‘British food’? This week, to celebrate the FT Weekend Magazine’s food and drink holiday special, we’re digging in. Food critic Tim Hayward praises modern British cuisine and challenges his compatriots to be proud of their food culture. Our team visits one of the last standing eel and pie shops in London to explore how culinary traditions survive. Then, Lilah learns a great holiday cocktail from one of Brooklyn’s best mixologists, Shannon Mustipher, a

Nov 27, 2021 • 26:42

Biden’s strategic political reserve

Biden’s strategic political reserve

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5074f2b1-fd14-490a-9234-3027d565adc9President Joe Biden has authorised the release of 50m barrels of oil “over the coming months” from the US strategic petroleum reserve in a move co-ordinated with China, India, Japan, South Korea and the UK to drive down fuel prices and FT Video journalist and producer Donell Newkirk discusses his FT documentary on the evolution of the music industry. US to release 50m barrels of oil from res

Nov 24, 2021 • 10:24

China’s game-changing hypersonic technology

China’s game-changing hypersonic technology

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e83a0e51-9195-4c95-8f0b-263f97794302Joe Biden has nominated Jay Powell to serve a second term as chair of the Federal Reserve, opting for continuity as the US economy grapples with persistently high inflation and a patchy labour market recovery; China’s hypersonic weapons test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound

Nov 23, 2021 • 11:33

The growing problem of space junk

The growing problem of space junk

Read a transcript of this episode on FT.comhttps://www.ft.com/content/db10452c-ddf2-445a-a28f-34253506c142Saudi Arabia has an ambitious goal to increase domestic military production as part of Crown Prince Mohammed’s plan to diversify the oil-dependent economy, video game maker Electronic Arts and football governing body Fifa are in a bitter dispute over the value of the Fifa name that could end their lucrative sports licensing partnership, and the FT’s international business editor Peggy Hollin

Nov 22, 2021 • 10:19

FT Weekend: The art of conversation, with Ruby Wax

FT Weekend: The art of conversation, with Ruby Wax

FT Weekend is a weekly Saturday show that brings the best of our Life & Arts journalism into audio form. You can follow it on its own feed at 'FT Weekend'. This week, we talk about conversation. Columnist Enuma Okoro explores what makes certain conversations feel good. Lilah and US Managing Editor Peter Spiegel chase the mystery of who actually wrote the US constitution along with esteemed historian William Ewald. And Ruby Wax, the iconic celebrity interviewer of the 90s, tells us how she got st

Nov 20, 2021 • 33:35

Euro drama in currency markets

Euro drama in currency markets

Read a transcript of this episode on FT.comhttps://www.ft.com/content/896cc408-68c4-4fd1-960b-85bb18843384Ford and General Motors said on Thursday that they are improving links with semiconductor manufacturers to improve their supply of electronic chips as the car industry confronts a shortage. Some foreign companies are still investing in Turkey despite the country’s ailing economy. Plus, the FT’s markets editor, Katie Martin, explains why the euro is losing value against the US dollar and why

Nov 19, 2021 • 10:21

EV market capitalisations go bonkers

EV market capitalisations go bonkers

Read a transcript of this episode on FT.comhttps://www.ft.com/content/eb7eaf32-597e-403a-bb3c-71290113ad92US President Joe Biden has called on the Federal Trade Commission to investigate whether the country’s biggest oil companies are engaged in “potentially illegal conduct”, the euro fell to its lowest level in 16 months this week as currency markets bet on divergence between the ECB and other major central banks. Plus, the market capitalisation of electric vehicle upstart Rivian has surpassed

Nov 18, 2021 • 9:12

On trial in the Vatican

On trial in the Vatican

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e08f700a-75e9-427d-b360-2a7c99c3fb24Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions as US anxiety grows over China’s expanding nuclear arsenal and its recent test of a hypersonic weapon, Germany’s energy regulator said it had “temporarily suspended” certification of the Kremlin-backed Nord Stream 2 pipeline, and today a high stakes trial involving the Holy See’s investments in a London property de

Nov 17, 2021 • 10:03

Shell shifts HQ to the UK

Shell shifts HQ to the UK

Read a transcript of this episode on FT.comhttps://www.ft.com/content/fe1805b2-ef2f-48b4-9ca3-37e8c5f82e11The use of brand new “virgin” plastics by some of the world’s largest brands has peaked and is on track to fall significantly by 2025, US coal prices have jumped to their highest level in more than 12 years. Plus, the FT’s business columnist, Helen Thomas, explains why Royal Dutch Shell is leaving Amsterdam for the UK. Global brands’ use of ‘virgin’ plastics on track for significant drop by

Nov 16, 2021 • 9:46

Brexit drama 2.0

Brexit drama 2.0

Read a transcript of this episode on FT.comhttps://www.ft.com/content/42928696-226a-4d50-9a49-4ee16f8b107fBeijing has accused the EU of risking damage to world supply chains by throwing up regulatory and trade hurdles to foreign businesses, and the COP26 UN climate summit in Glasgow led to an agreement among 197 countries on new rules for limiting greenhouse gas emissions. Plus, the FT’s EU correspondent, Andy Bounds, explains Article 16 and why the Brexit deal could unravel over Northern Irelan

Nov 15, 2021 • 10:43

FT Weekend: How to live forever

FT Weekend: How to live forever

FT Weekend is a weekly Saturday show that brings the best of our weekend journalism into audio form, with everything from culture and food and the arts, to nuanced questions and big ideas. In this episode, we ask the question: what does it mean to defy death? Rock climber Leo Houlding tells us about his terrifying family holidays, scaling vertical cliff-faces with his two young kids. We also explore radical life extension with science writer Anjana Ahuja. How close are we scientifically to exten

Nov 13, 2021 • 28:18

Facebook’s whistleblower goes to Europe

Facebook’s whistleblower goes to Europe

Toshiba has ruled out pursuing a deal to take the whole company private and is set to reveal a plan to split the business in three, and Facebook’s whistleblower is calling on the UK and EU to do more to control online harm. Plus, the FT’s markets editor, Katie Martin, will dive into the latest US inflation report and Elon Musk’s sale of 10 per cent of his Tesla shares. Toshiba rules out deal to take whole group privatehttps://www.ft.com/content/045c6366-3c54-4462-89b4-95246122c948?Facebook whist

Nov 12, 2021 • 9:32

Inflation bites Biden

Inflation bites Biden

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7d4a1b33-d4a4-4bff-a305-23c082be7c57US consumer prices jumped in October at the fastest pace in three decades, and shares of electric truck startup Rivian soared on its first day of trading. Plus, the FT’s Latin America editor, Michael Stott, explains why Colombia’s president is castigating cocaine users for their role in destroying the Amazon rainforest. US consumer prices rise at fastest pace in three decades - with Colby Sm

Nov 11, 2021 • 9:36

Big investors get tougher with companies over climate change

Big investors get tougher with companies over climate change

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5656f24c-a8db-4626-bd6f-c2ab0aa4aa8cGeneral Electric plans to break into three separate companies after years of trying to respond to flaws in its business model exposed by the financial crisis, China’s President Xi Jinping is paving the way for his unprecedented bid for a third term in power. Plus, the FT’s investment correspondent, Attracta Mooney, explains why a growing number of asset managers are getting tougher on compan

Nov 10, 2021 • 10:35

Elon Musk’s Twitter followers say sell

Elon Musk’s Twitter followers say sell

Read a transcript of this episode on FT.comhttps://www.ft.com/content/64380f52-df32-4ad7-b2b6-fec42ee95ce1Federal Reserve governor Randal Quarles’ decision to leave the US central bank next month creates yet another opening for the Biden administration to fill amid uncertainty about the institution’s leadership, Tesla shares fell nearly 5 per cent on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric c

Nov 9, 2021 • 9:59

Why footballers stumble in their finances

Why footballers stumble in their finances

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e9bcbc06-e603-4baf-b5d1-fd8603103bb5French authorities have opened an investigation into the French operations of UK metals magnate Sanjeev Gupta, and President Joe Biden is moving ahead with his next bill on his ambitious legislative agenda while struggling to revive his political fortunes. Plus, the FT’s Money Clinic podcast host, Claer Barrett, talks about the financial minefields that young British footballers often fail t

Nov 8, 2021 • 9:25

Bond investors and central banks

Bond investors and central banks

Read a transcript of this episode on FT.comhttps://www.ft.com/content/d6716d79-4cbd-4955-b07b-64740a4a6d5bThe White House has said Opec+ risks imperilling the global economic recovery by refusing to speed up oil production increases, and SoftBank founder Masayoshi Son is facing pressure to announce a new stock buyback programme next week. Plus, the FT’s markets editor, Katie Martin, explains how inflation has complicated the relationship between markets and central banks. 30-day free trial of th

Nov 5, 2021 • 10:00

Argentina vs the IMF

Argentina vs the IMF

Read a transcript of this episode on FT.comhttps://www.ft.com/content/22e5487a-3e75-46db-abf0-c8e5e5fd7ad4The Federal Reserve said it would begin scaling back its massive $120bn monthly bond-buying programme this month, the British government has approached Qatar with the intention of the Gulf state becoming a gas “supplier of last resort”, and Iran will resume stalled talks on November 29 with global powers aimed at reviving the country’s ailing nuclear deal. Plus, the FT’s Latin America editor

Nov 4, 2021 • 9:06

Financing the fight against climate change

Financing the fight against climate change

Read a transcript of this episode on FT.comhttps://www.ft.com/content/44757917-71f4-4699-8bde-49ebd15feebeBanks have watered down climate pledges and continued to finance the fossil fuel industry in the six years since the Paris accord was signed, and Gulf states are making net zero carbon emission pledges but say they need to keep oil flowing to fund their green energy transitions. Plus, the FT’s US editor-at-large, Gillian Tett, explains how private institutions are stepping up to fund the fig

Nov 3, 2021 • 11:19

Apple’s privacy policy wreaks havoc on rivals

Apple’s privacy policy wreaks havoc on rivals

Read a transcript of this episode on FT.comhttps://www.ft.com/content/d5d05648-ea0e-4c8a-ac0f-daad0d8ce5fbWorld leaders warned of severe consequences of nations failing to strike deals to limit global warming at the opening session of the Glasgow COP26 UN climate conference, and Barclays’ chief executive Jes Staley is stepping down following a regulatory investigation into the way he described his relationship with disgraced financier and sex offender Jeffrey Epstein. Plus, the FT’s chief busine

Nov 2, 2021 • 10:41

COP26: a climate gathering like no other

COP26: a climate gathering like no other

Read a transcript of this episode on FT.comhttps://www.ft.com/content/24a0e0ed-749d-4b6e-adbd-1f3c3a6cadb3The FT’s clean energy and environment correspondent, Leslie Hook, has a curtain raiser on COP26, the most important climate summit since the 2015 Paris agreement. Plus, the FT’s US financial commentator Rob Armstrong and US editor- at-large and Moral Money newsletter founder Gillian Tett go head-to-head in a debate over whether investing in environmental, social and governance causes can rea

Nov 1, 2021 • 10:40

Introducing Working It: Can wellness apps fix us and beat staff burnout?

Introducing Working It: Can wellness apps fix us and beat staff burnout?

This is the podcast about doing work differently. Join host Isabel Berwick every Wednesday for expert analysis and watercooler chat about ahead-of-the-curve workplace trends, the big ideas shaping work today — and the old habits we need to leave behind. Subscribe on Apple https://podcasts.apple.com/gb/podcast/working-it/id1591925469On Spotify https://open.spotify.com/show/5vNDHxEOc1pI1acJS7He5eOr wherever you get your podcasts.The wellness industry is a trillion-dollar business, and the pandemic

Oct 30, 2021 • 17:31

Special episode: a trip to the NYSE trading floor

Special episode: a trip to the NYSE trading floor

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e66c93b1-996c-48ea-9a13-597410ec7e47Facebook is changing its name to Meta, and the European Central Bank is proving a tough read for bond investors, and what are those ads appearing in London’s transit system advertising a new “meme” coin Floki Inu? Plus, the New York Stock Exchange has the last open outcry trading floor. We’ll take you there to meet some of the people who work there, and find out what humans bring to market q

Oct 29, 2021 • 11:43

The risks of private capital

The risks of private capital

Read a transcript of this episode on FT.comhttps://www.ft.com/content/c0ee2974-0e6d-43b4-ae05-6c4be9aea94fActivist hedge fund Third Point is pressuring Royal Dutch Shell to break itself up, and Israel’s coalition government is trying to find its footing in a post-Netanyahu era. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains what makes him wary of private markets. Activist fund Third Point calls for break-up of Shell - with Derek Brower https://www.ft.com/content/b4fc69

Oct 28, 2021 • 9:54

Poland versus the EU

Poland versus the EU

Read a transcript of this episode on FT.comhttps://www.ft.com/content/8bb01ecf-622f-462f-b090-6cf5fa69a2ecTrading app Robinhood’s third-quarter earnings flopped, Google’s parent company Alphabet smashes expectations, and UK chancellor Rishi Sunak is expected to commit to fiscal discipline when he announces his budget today. Plus, the FT’s eastern European correspondent, James Shotter, explains how Poland has become one of the biggest thorns in the EU’s side. Robinhood disappoints as crypto activ

Oct 27, 2021 • 9:49

Dirty green jobs, and the $1tn carmaker

Dirty green jobs, and the $1tn carmaker

Read a transcript of this episode on FT.comhttps://www.ft.com/content/910fcfd8-05e8-43c3-8a30-dc8388964302Tesla has become the first carmaker to be valued at $1tn, and internal documents from inside Facebook continue to reveal troubling company practices. Plus, FT workplace columnist Sarah O’Connor explains that “green jobs” aren’t always safe for workers. Tesla soars past $1tn in market valuehttps://www.ft.com/content/4eb7504e-94ef-4f99-937d-807aa159b282Not all green jobs are safe and cleanhttp

Oct 26, 2021 • 10:09

The South Korean ‘wave’ has gone global

The South Korean ‘wave’ has gone global

Read a transcript of this episode on FT.comhttps://www.ft.com/content/08263cf5-1d37-4296-a43f-4bf006e5a03aPoland’s prime minister has accused the EU of making demands with a “gun to our head,” Russian mercenaries are wreaking havoc in the Central African Republic. Plus, the FT’s Ed White discusses the global popularity of South Korea’s entertainment industry, and why China’s recent crackdowns might threaten its success. Poland’s prime minister accuses EU of making demands with ‘gun to our head’h

Oct 25, 2021 • 10:59

Turkey’s Central Bank of Erdogan

Turkey’s Central Bank of Erdogan

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7be2e128-c34c-45fb-991a-1d6f16ba3cd9The US Federal Reserve has adopted new rules banning its policymakers and senior staff from buying individual shares and a number of other investments; Donald Trump announced plans to launch a media technology business that is set to go public after it merged with a Spac on Thursday. Plus, Turkey’s central bank has defied warnings from the business world and opposition parties by slashing it

Oct 22, 2021 • 11:04

More Saudi women join the workforce

More Saudi women join the workforce

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9c52937f-8f75-4d9d-8a62-8479a818ef45The ECB is pushing banks to add hundreds of extra staff and billions of extra capital to their post-Brexit operations, and Turkey could be ‘grey-listed’ today by a global financial watchdog. Plus, the FT’s Middle East editor, Andrew England, explains that Saudi Arabia is turning to women to boost employment. VOTE: The FT News Briefing has been nominated for the Lovie Awards news & politics p

Oct 21, 2021 • 10:00

The crash landing of Austria’s chancellor

The crash landing of Austria’s chancellor

Read a transcript of this episode on FT.comhttps://www.ft.com/content/a263a468-2f91-490c-896c-a232866afb4eChina has told McDonald’s to expand a digital renminbi payments system at restaurants across the country before the Beijing Winter Olympics; and about a quarter of all US infrastructure is at risk of serious flooding, which could hit prices in the $4tn municipal bond market. Plus, the FT’s Sam Jones discusses the scandal that led to the spectacular downfall of former Austrian chancellor Seba

Oct 20, 2021 • 10:19

Japan refocuses on semiconductors

Japan refocuses on semiconductors

Read a transcript of this episode on FT.comhttps://www.ft.com/content/ad0b0068-1100-49b9-bc88-2055e1936efcA bitcoin-linked ETF is on track to debut on the New York Stock Exchange on Tuesday, marking the first time regular investors will be able to gain exposure to cryptocurrencies through a big Wall Street bourse; China’s hypersonic missile test stuns the US military and intelligence community; and the FT’s Tokyo bureau chief, Kana Inagaki, spoke to Japan’s minister for economic security about t

Oct 19, 2021 • 9:02

We answer a listener question about population growth

We answer a listener question about population growth

Read a transcript of this episode on FT.comhttps://www.ft.com/content/2d52df0d-ba41-45e3-9a0f-bb72a22f7d7cThe rising cost of fuel is threatening airlines’ recovery from the pandemic. Plus, a listener asked us if economic growth is tied to population growth. The FT’s statistical journalist, Federica Cocco, has been exploring this very question and says the answer is more complex than it may seem. Fuel price spike threatens airlines’ recovery from pandemichttps://www.ft.com/content/cb53e204-362d-4

Oct 18, 2021 • 10:19

S&P stink bomb, LinkedIn loves Ted Lasso

S&P stink bomb, LinkedIn loves Ted Lasso

Read a transcript of this episode on FT.comhttps://www.ft.com/content/50168b7b-c72d-4443-965f-4a26d79f6a40Fumio Kishida talks to the FT in his first interview as Japan’s new prime minister, an academic paper suggests that entry into the S&P 500 could be influenced by whether companies buy other services from the index’s parent company S&P Global. Plus, the FT’s Pilita Clark explains that Ted Lasso has been a surprise hit on the networking site LinkedIn because of the leadership lessons in the co

Oct 15, 2021 • 10:57

Women still battle for start-up finance

Women still battle for start-up finance

Read a transcript of this episode on FT.comhttps://www.ft.com/content/d8781394-95a8-4411-9f19-69ddbb7e3200UK ministers trying to fund the government’s ‘levelling up’ agenda are looking to relax rules shielding tens of millions of retirement savers from high charges, Latin American tech start-ups are attracting more investment than south-east Asia. Plus, the FT’s business columnist, Helen Thomas, explains why women entrepreneurs are locked out of venture capital circles that are dominated by men.

Oct 14, 2021 • 8:59

US solar project gives clean energy proponents a beacon of hope

US solar project gives clean energy proponents a beacon of hope

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9a0a8048-a6e1-4557-8b0a-37fb5bf67e84The global economy is entering a phase of inflationary risk, the IMF warned on Tuesday, as it called on central banks to be “very, very vigilant” and take early action to tighten monetary policy should price pressures prove persistent; resurgent consumer demand in the US is feeding hopes of a strong holiday shopping season but that demand is further straining supply chains and many large ret

Oct 13, 2021 • 9:31

How Elon Musk’s new rocket could transform the space race

How Elon Musk’s new rocket could transform the space race

Read a transcript of this episode on FT.comhttps://www.ft.com/content/ee0421e8-e101-4b0b-811e-0125c6be2449Henry Kravis and George Roberts stepped down from KKR on Monday after nearly half a century in charge of one of the most formidable financial enterprises that Wall Street has ever known, the price of US crude oil hit a fresh seven-year high on Monday on fears that fuel demand was recovering faster from last year’s economic slowdown than producers could bring supply to the market, and Elon Mu

Oct 12, 2021 • 9:19

IMF leadership scandal clouds annual meetings

IMF leadership scandal clouds annual meetings

Read a transcript of this episode on FT.comhttps://www.ft.com/content/4ce62a29-5401-4fa1-8af4-20e892e50fe8Divisions between the US and Europe over whether Kristalina Georgieva should remain in her post as IMF chief are set to overshadow the fund’s flagship annual meetings this week, and the Chinese company BYD is one of the world’s biggest electric vehicles battery makers and also makes its own EVs which it hopes to market globally; and our Science Editor, Clive Cookson, talks about new research

Oct 11, 2021 • 10:47

Introducing Behind the Money, Inside ESG: The tiny fund that took on a US giant and won

Introducing Behind the Money, Inside ESG: The tiny fund that took on a US giant and won

The story of how a tiny, unknown hedge fund took on a giant of corporate America over climate change - and won. Charlie Penner of Engine No 1 talks about the very public proxy campaign he launched against Exxon Mobil, forcing the oil major to prepare for a future free of fossil fuels. In the third episode of our special five-part series on sustainable or ESG investing, produced in partnership with the FT’s Moral Money team, Derek Brower, US energy editor, and Attracta Mooney, the FT’s investment

Oct 9, 2021 • 20:55

Ireland signs on to landmark global corporate tax deal

Ireland signs on to landmark global corporate tax deal

Read a transcript of this episode on FT.comhttps://www.ft.com/content/fca004be-9f93-4681-bdd1-931ba5c2f50fIreland has finally abandoned its cherished 12.5 per cent corporate tax rate and signed up to a minimum 15 per cent global rate that will cost the country about €2bn in lost revenues; it was a volatile week for energy markets; and stagflation has returned as a risk for investors and cast a shadow over the recovery from the Covid-19 pandemic. Plus, the FT’s deputy head of Lex, Elaine Moore, d

Oct 8, 2021 • 11:07

Panama, Paradise, Pandora. What’s changed in the world of tax avoidance?

Panama, Paradise, Pandora. What’s changed in the world of tax avoidance?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/411bb70a-8fe9-41ef-bd58-e4798b12c2a2Vladimir Putin hinted that Russia’s state-backed monopoly pipeline exporter, Gazprom, may increase supplies to help Europe avoid a full-blown energy crisis, and US energy secretary Jennifer Granholm has raised the prospect of releasing crude oil from the government’s strategic petroleum reserve as the Biden administration confronts a politically perilous surge in the price of gasoline; Gener

Oct 7, 2021 • 8:33

Africa’s green superpower

Africa’s green superpower

Read a transcript of this episode on FT.comhttps://www.ft.com/content/eb1b2bc3-1edf-444b-ac44-8e3a79cd8887Private equity firms are offering the highest premiums for listed companies in more than two decades, and the Facebook whistleblower told Congress on Tuesday the company repeatedly chose to maximise online engagement instead of minimising harm to users. Plus, the FT’s Africa editor, David Pilling, explains Gabon’s effort to reposition itself as a “green superpower” and gain recognition for p

Oct 6, 2021 • 9:29

Oil prices hit 7-year high

Oil prices hit 7-year high

Read a transcript of this episode on FT.comhttps://www.ft.com/content/bc24e812-a089-43e1-bc7a-289916c97229US oil prices rose to the highest level in seven years on Monday after Opec and its allies declined to accelerate plans to increase crude production, and shares of big tech companies slid on Monday, with stocks such as Apple, Microsoft, Facebook and Amazon dragging the S&P 500 to its lowest close since late July. Plus, the former Facebook employee who leaked explosive internal documents will

Oct 5, 2021 • 10:04

DIY gene editing

DIY gene editing

Read a transcript of this episode on FT.comhttps://www.ft.com/content/fc9fe04c-96ad-4127-ac98-2fbf579c36b6The International Monetary Fund’s board will meet this week to examine allegations that managing director Kristalina Georgieva manipulated data to favour China while she worked at the World Bank; Deutsche Bank severed relationships with “a very small number” of wealthy clients with criminal records after the arrest of disgraced financier Jeffrey Epstein; Plus, the FT’s Alphaville editor, Iza

Oct 4, 2021 • 10:52

Facebook under fire for burying research into mental health impact

Facebook under fire for burying research into mental health impact

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5f0402b7-812a-4314-aba1-cee242f9e161US senators are pressuring Facebook to release all its internal research into how its products affect users after a series of revelations about the harm some its platforms cause to vulnerable groups including children. FT European technology correspondent Madhumita Murgia argues that it’s time for Facebook to turn off its digital advertising firehose. FT markets editor Katie Martin deciphers

Oct 1, 2021 • 11:21

Huawei tries to reinvent itself

Huawei tries to reinvent itself

As sanctions derail its traditional business, China’s Huawei is scrambling to reinvent itself by shifting into areas less dependent on foreign chip supplies. China’s Belt and Road Initiative has left scores of lower and middle-income countries saddled with “hidden debts” totalling $385bn. Hong Kong’s stock market is on track for its worst quarter for new listings since the earliest days of the Covid-19 pandemic. And Japan’s new Prime Minister, Fumio Kishida, is seen as unlikely to veer from his

Sep 30, 2021 • 10:24

Huawei tries to reinvent itself

Huawei tries to reinvent itself

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f1123ffd-dc29-4a1c-a530-45edf6898a99As sanctions derail its traditional business, China’s Huawei is scrambling to reinvent itself by shifting into areas less dependent on foreign chip supplies. China’s Belt and Road Initiative has left scores of lower and middle-income countries saddled with “hidden debts” totalling $385bn. Hong Kong’s stock market is on track for its worst quarter for new listings since the earliest days of t

Sep 30, 2021 • 10:24

Inflation, inflation, inflation

Inflation, inflation, inflation

Read a transcript of this episode on FT.comhttps://www.ft.com/content/6cd13eb2-0ab7-40a5-816f-43e963a3ce05The government bond sell-off that began last week on the prospect of higher interest rates ricocheted into the $51tn US stock market on Tuesday, weighing heavily on technology stocks, and Treasury secretary Janet Yellen warned that the US risks running out of money by October 18. Plus, the FT’s Ryan McMorrow chats about China’s latest crackdown on cryptocurrency trading and whether exchanges

Sep 29, 2021 • 9:31

Two Federal Reserve officials step down amid ethics questions

Two Federal Reserve officials step down amid ethics questions

Read a transcript of this episode on FT.comhttps://www.ft.com/content/1505ec37-b798-4016-8f80-d959bd6eac9cTwo senior Federal Reserve officials whose trading activity prompted the US central bank to launch an ethics review on Monday announced they will resign, and today Fed chair Jay Powell will join other central bank chiefs at a European Central Bank forum. Plus, where does Germany go after its razor-thin election? The FT’s Europe editor, Ben Hall, explains that it could be a while before there

Sep 28, 2021 • 10:08

Wall Street embraces the ‘Forever CEO’

Wall Street embraces the ‘Forever CEO’

Read a transcript of this episode on FT.comhttps://www.ft.com/content/c2d3fe11-799d-4f66-be2c-806dda7a9f87At least two Chinese cities are seizing presale revenues from indebted property developer Evergrande in order to block potential misuse of funds, and the SPAC bubble appears to be deflating as investors pull cash out of special purpose acquisition vehicles at increasingly higher rates; more than 150 US economists and researchers have weighed in on how women will be affected economically if U

Sep 27, 2021 • 10:09

FT Weekend: How has lockdown changed us? Plus: a night on the Orient Express

FT Weekend: How has lockdown changed us? Plus: a night on the Orient Express

Introducing our new FT Weekend podcast. New episodes every Saturday. This is the last episode of the FT Weekend which will be published in this feed, so if you want to keep listening, subscribe now by searching ‘FT Weekend’ in your podcast app of choice.In our third episode, we explore the question of how we’ve changed. Host Lilah Raptopoulos talks to the writer Imogen West-Knights about the phenomenon of treat brain: how the pandemic spurred our desire to excessively indulge. Then, columnist Ja

Sep 25, 2021 • 28:41

Germany’s unusually unpredictable election

Germany’s unusually unpredictable election

Read a transcript of this episode on FT.comhttps://www.ft.com/content/74160c71-c5b0-435c-9c09-1c5e9572bb1cGerman voters head to the poll this weekend and the FT’s Berlin correspondent, Erika Solomon, previews this momentous election. Turkey’s central bank unexpectedly cut its benchmark interest rate on Thursday despite accelerating inflation that had already turned borrowing costs negative in real terms. A German foreign policy advisor lashed out at the US about the new Aukus security pact. And

Sep 24, 2021 • 8:44

Federal Reserve eyes 2022 rate rise

Federal Reserve eyes 2022 rate rise

Read a transcript of this episode on FT.comhttps://www.ft.com/content/a3b42914-2e0e-4246-bc45-1ea9b19b690bThe Federal Reserve has given its strongest signal yet that it will start tapering its bond buying stimulus programme this year and more central bank officials see a first interest rate rise in 2022; Japan’s SoftBank has followed Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala in backing a new $2.5bn private equity fund set up by former US Treasury secretary Steven Mnuchin jus

Sep 23, 2021 • 10:36

Gulf states caught between US and China

Gulf states caught between US and China

Read a transcript of this episode on FT.comhttps://www.ft.com/content/bde35a2f-ae3f-4fc5-920f-a6bca45d9eb3Poland and Hungary could lose billions of euros in EU regional aid as the European Commission prepares to wield powers linking the funds to human rights standards in member states, and the ride-hailing group Uber says it is on course to report its first-ever profitable quarter, on an adjusted basis, after more than a decade of burning through billions of dollars in cash, and Gulf states are

Sep 22, 2021 • 10:00

Evergrande’s troubles loom over global markets

Evergrande’s troubles loom over global markets

Read a transcript of this episode on FT.comhttps://www.ft.com/content/dd3aef66-5189-4b85-873a-e82c80be3c2dGlobal financial markets are jittery about the possible default of indebted Chinese property developer Evergrande but the FT’s markets editor Katie Martin explains why it is unlikely to be another Lehman Brothers; foreign investors, especially from China and Japan, have become major buyers of US Treasuries and could prop up the market if the Fed withdraws; and Coinbase backed down from launc

Sep 21, 2021 • 9:53

China’s digital dictatorship

China’s digital dictatorship

Read a transcript of this episode on FT.comhttps://www.ft.com/content/efcae358-e439-4135-9600-55b23dcd7dc8Australia’s nuclear submarine deal with the US and UK is set to provide a political boost for Scott Morrison’s conservative government, and UK business and energy secretary Kwasi Kwarteng is due to meet energy suppliers on Monday amid fears that dozens of companies could go bust in the coming weeks due to record high gas and electricity prices, and Beijing has pushed through reams of regulat

Sep 20, 2021 • 10:57

FT Weekend: The stories we tell, with Elif Shafak

FT Weekend: The stories we tell, with Elif Shafak

Introducing our new FT Weekend podcast. New episodes every Saturday. We will soon stop publishing FT Weekend on this feed, so you if want to keep listening, subscribe now before you forget! Search FT Weekend in your podcast app of choice.In this episode, Life & Arts columnist Enuma Okoro explores what our cities tell us about ourselves. Then Lilah speaks with Elif Shafak—the most widely read woman novelist in Turkey—about writing in countries without freedom of speech, and her new book, The Isla

Sep 18, 2021 • 30:34

Laos welcomes cryptocurrency miners

Laos welcomes cryptocurrency miners

Read a transcript of this episode on FT.comhttps://www.ft.com/content/8e3784f8-5605-40aa-a8b5-3d0e5bdae9a9An unpublished internal model seen by the FT shows that the European Central Bank expects to hit its elusive 2 per cent inflation target by 2025, and Myanmar’s shadow government is fighting back against the military junta. Plus, the FT’s markets editor, Katie Martin, explains why Laos is allowing cryptocurrency mining. Unpublished ECB inflation estimate raises prospect of earlier rate riseht

Sep 17, 2021 • 9:12

Alexa, pass the scalpel?

Alexa, pass the scalpel?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/91b4abd2-1ef7-4069-ac25-a4759a2ddfb8Washington has launched a security partnership with London and Canberra which will support Australia’s plan to build a fleet of nuclear-powered submarines and strengthen the allies’ ability to counter China, and Canada holds an election next week with prime minister Justin Trudeau facing unexpected competition, and Amazon plans to become just as ubiquitous in healthcare as it is in other mar

Sep 16, 2021 • 9:14

China deals a blow to Blackstone’s ambitions

China deals a blow to Blackstone’s ambitions

Read a transcript of this episode on FT.comhttps://www.ft.com/content/24c2b733-9dca-4dcf-81d2-ca90583a3ac9US consumer prices in August rose at a more moderate pace in a sign that inflationary pressures associated with the end of Covid-19 lockdowns are easing, and bank executives say consumer spending is outpacing pre-pandemic levels as shoppers shrug off the Delta variant, and Blackstone abandoned a large deal in China after Beijing’s antitrust regulators refused to sign off on it within the agr

Sep 15, 2021 • 9:12

Diesel vs Doughnuts

Diesel vs Doughnuts

Read a transcript of this episode on FT.comhttps://www.ft.com/content/63d65f6a-045d-4da8-b170-c30642cea5ccChinese police are using a new anti-fraud app installed on more than 200m mobile phones to question people who have viewed overseas financial news sites, and Brazil’s first openly gay state governor enters the country’s race for president. Plus, the FT’s Houston correspondent, Justin Jacobs, explains why new biofuels refineries are creating headaches for the food industry. China uses app to

Sep 14, 2021 • 9:34

Hedge funds flock to Silicon Valley

Hedge funds flock to Silicon Valley

Read a transcript of this episode on FT.comhttps://www.ft.com/content/40cef59a-441b-4b97-bea8-7a3ec838bc4bBeijing wants to break up Alipay and create a separate app for the company’s highly profitable loans business, Norway’s voters will weigh in on the country’s petroleum production in what’s being called a “climate election,” and a new analysis found that Ireland is failing to keep US Big Tech companies in check. Plus, the FT’s Laurence Fletcher explains why hedge funds are muscling into Silic

Sep 13, 2021 • 9:58

Introducing the FT Weekend podcast: 9/11 and the passing of time

Introducing the FT Weekend podcast: 9/11 and the passing of time

Twenty years after the Twin Towers were brought down, FT Weekend podcast host Lilah Raptopoulos explores where 9/11 sits in our memories. The FT’s New York correspondent Joshua Chaffin introduces us to billionaire developer Larry Silverstein, who bought the World Trade Center in July of 2001 and had to rebuild on the site of a tragedy. How do spaces change in meaning over time? The FT’s former Kabul correspondent Jon Boone introduces us to the “New Afghanistan” generation, what they were promise

Sep 11, 2021 • 28:23

The SEC vs Coinbase

The SEC vs Coinbase

Read a transcript of this episode on FT.comhttps://www.ft.com/content/0b052bc2-c481-49c7-a645-c83e90f45ff1A poll shows leading economists believe the Federal Reserve will raise interest rates in 2022 due to inflationary pressures, the ECB says it will move to “a moderately lower pace” in its €1.85tn pandemic emergency purchase programme, and one of China’s largest property developers, Evergrande, faces the risk of default. Plus, the FT’s US Legal and Enforcement Correspondent, Stefania Palma, ex

Sep 10, 2021 • 10:10

The world’s biggest direct carbon capture plant

The world’s biggest direct carbon capture plant

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7344543b-aefa-4715-8494-7c92e1e531f2A court heard opening arguments in the case against the founder of the failed blood-testing technology start-up Theranos, Janet Yellen has warned that the US Treasury could run out of cash next month, and PayPal has acquired the Tokyo-based buy now, pay later company, Paidy. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, explains how the world’s largest CO2 direct ca

Sep 9, 2021 • 9:51

Is Xi Jinping moving China into a new era of Maoism?

Is Xi Jinping moving China into a new era of Maoism?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7a545b87-55eb-4dbd-b9a0-c80def4bdcf8Pfizer’s chief scientific officer Philip Dormitzer denied that the company should have developed a more potent Covid-19 vaccine, and the Taliban has announced Afghanistan’s first government since the US left the country, and James Bullard, president of the St Louis Fed pushed back on concerns that the US labour market recovery is faltering. Plus, the FT’s Beijing bureau chief, Tom Mitchell,

Sep 8, 2021 • 10:43

Why developing countries are so keen on cryptocurrencies

Why developing countries are so keen on cryptocurrencies

Read a transcript of this episode on FT.comhttps://www.ft.com/content/768cdb61-a131-42de-b8d6-42c3c757cb82Prime minister Boris Johnson will announce a tax rise of more than £10bn a year today, and the military junta that overthrew Guinea’s president is urging mining companies to keep operating.  Plus, the FT’s emerging markets correspondent, Jonathan Wheatley, explains why developing countries have provided fertile ground for cryptocurrencies to take hold. Johnson set to unveil £10bn tax rise to

Sep 7, 2021 • 9:44

Bridgepoint’s hidden executive pay

Bridgepoint’s hidden executive pay

Read a transcript of this episode on FT.comhttps://www.ft.com/content/6b286858-b05a-4211-8e04-315b4e8bac38A frantic summer of dealmaking has put 2021 on track to break records, and Japan’s future is uncertain after prime minister Yoshihide Suga abruptly announced his departure. Plus, the FT’s private capital correspondent explains how a prominent British private equity firm went public this summer but has kept its executive pay opaque Global dealmaking set to break records after frenzied summerh

Sep 6, 2021 • 10:35

Introducing FT Weekend: The good life, with chefs Daniel Humm and Alice Waters

Introducing FT Weekend: The good life, with chefs Daniel Humm and Alice Waters

In this first-ever episode of the FT Weekend podcast, host Lilah Raptopoulos talks to Eleven Madison Park’s Daniel Humm and Chez Panisse’s legendary Alice Waters to discover how the world’s top chefs are finding purpose beyond their restaurants. Humm created a buzz in May when he announced that his world-famous restaurant would be going entirely plant-based. Has that risk paid off? And what does it mean to do good as a chef?Plus: the FT’s design critic Edwin Heathcote gives us a tour of the worl

Sep 4, 2021 • 26:47

US corporate debt binge, FT Weekend podcast preview

US corporate debt binge, FT Weekend podcast preview

Read a transcript of this episode on FT.comhttps://www.ft.com/content/0b603fa8-7afc-46f3-bae6-46b89a0def8fBankers and investors are bracing for a bumper month of debt issuance in the US, and Germany’s Dax is welcoming 10 new companies to its index. Plus, the FT’s Lilah Raptopoulos talks about the launch of her new show, the FT Weekend podcast. Banks and investors gear up for US corporate debt bingehttps://www.ft.com/content/dff0ebdf-1d64-4e9a-9261-6957455d856dGermany’s Dax undergoes makeover as

Sep 3, 2021 • 9:58

Banking on cannabis

Banking on cannabis

Read a transcript of this episode on FT.comhttps://www.ft.com/content/385a236d-c829-47e8-b3a3-c0c3ef2d5387YouTube has netted 50m paying subscribers for its music streaming services, and the dearth of truckers has become so severe in the US that some fleet owners are petitioning officials to let more foreign operators into the country. Plus, the FT’s US banking editor Josh Franklin explains that top American banks have avoided cannabis companies so a niche finance sector has sprouted up to servic

Sep 2, 2021 • 8:38

Biden defends US pullout of Afghanistan

Biden defends US pullout of Afghanistan

Read a transcript of this episode on FT.comhttps://www.ft.com/content/53441ca2-a824-4f2c-8a76-c10ebde4840bBrussels is drafting a proposal for a €600m package to help Afghanistan’s neighbours host refugees fleeing the Taliban, and luxury brands are uncertain about their future in China after President Xi Jinping’s call for wealth distribution. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors could become more excited about emerging markets. EU plans €600m pa

Sep 1, 2021 • 8:33

The fight between US service staff and QR codes

The fight between US service staff and QR codes

Read a transcript of this episode on FT.comhttps://www.ft.com/content/86c5ce53-69cb-4bf2-b79e-7e67f1b71cfaQR codes have replaced service staff in the pandemic and experts worry that means many jobs lost during the coronavirus pandemic will not return, and Germany’s inflation has risen to its highest level since 2008. Plus, the FT’s US banking correspondent, Imani Moise, explains how Bank of America is fighting a worker shortage by retraining its own employees. QR codes replace service staff as p

Aug 31, 2021 • 9:34

Trailer: Introducing the FT Weekend podcast

Trailer: Introducing the FT Weekend podcast

We'd like to introduce you to our new show: FT Weekend. Turn off your email alerts and settle in. Every Saturday, from September 4, join host Lilah Raptopoulos for inspiring conversations, in-depth storytelling, a bit of escapism and a lot of fun. Brought to you by the award-winning Life & Arts journalists at the Financial Times.You can subscribe in your podcast feed of choice by searching for FT Weekend.Sound design and mixing is by Breen Turner, with original music by Metaphor Music. See acast

Aug 30, 2021 • 4:02

How community banks were small business saviours during the pandemic

How community banks were small business saviours during the pandemic

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e03bcc3e-c418-47e6-9037-0f0030529af0The US tomorrow will withdraw all of its troops from Afghanistan and the country faces a potential economic catastrophe. The International Monetary Fund’s chief economist warns that emerging market economies can’t afford another ‘taper tantrum.’ Plus, FT contributing editor, Brendan Greeley, explains how US community banks played an instrumental role in keeping small businesses alive during

Aug 30, 2021 • 9:00

Life under the Taliban: ‘Herat is now like a ghost city’

Life under the Taliban: ‘Herat is now like a ghost city’

Read a transcript of this episode on FT.comhttps://www.ft.com/content/3e727154-099c-4af8-b3a0-5aa2742bcdcaUS military officials are blaming Isis for an attack near Kabul airport yesterday that killed at least 13 service members and an unknown number of civilians, and the Federal Reserve is preparing for today’s virtual Jackson Hole economic symposium under the cloud of the Delta variant, and Brussels has warned that it could sever a data-sharing agreement with the UK. Plus, the FT’s Najmeh Bozor

Aug 27, 2021 • 9:46

OnlyFans reverses its controversial porn ban

OnlyFans reverses its controversial porn ban

Read a transcript of this episode on FT.comhttps://www.ft.com/content/a2aabbbe-070f-48f1-92f2-5ed1ec85cf2bTurkey’s military has begun withdrawing its troops from Kabul airport while the country’s president Recep Tayyip Erdogan said his country can’t handle more migrants, and global regulators are imposing heavy fines on financial institutions for failing to stop anti-money laundering. Plus, the FT’s consumer industries reporter, Patricia Nilsson, explains OnlyFans’ ban on sexually explicit conte

Aug 26, 2021 • 10:18

Lawsuit seeks accountability for Beirut port blast

Lawsuit seeks accountability for Beirut port blast

Read a transcript of this episode on FT.comhttps://www.ft.com/content/03108ae2-9645-4849-a165-52eee0272790US President Joe Biden is defying international pressure and sticking by his plan to withdraw American troops from Afghanistan by the end of the month, and the UK will roll out new regulations to protect children’s data online. Plus, the FT’s legal correspondent, Kate Beioley, talks about the lawsuit that Lebanese lawyers have filed against a UK-registered chemicals company over the 2020 Bei

Aug 25, 2021 • 8:07

G7 tries to salvage Afghanistan crisis

G7 tries to salvage Afghanistan crisis

Read a transcript of this episode on FT.comhttps://www.ft.com/content/f23d324d-b17e-4f6a-bacd-dad8fed54493At an emergency G7 meeting US president Joe Biden will hear calls from western allies to negotiate with the Taliban for an extension to the US-led evacuation from Afghanistan while facing the humiliating prospect that the Islamist militants may veto the idea, and a US pandemic assistance programme is set to end early next month, leaving millions of gig workers without the support they’ve com

Aug 24, 2021 • 9:52

Boris Johnson to host Afghanistan crisis talks

Boris Johnson to host Afghanistan crisis talks

Read a transcript of this episode on FT.comhttps://www.ft.com/content/94500fca-aef3-4ab6-82d5-08005ee49c49UK prime minister Boris Johnson will on Tuesday host crisis talks on Afghanistan with world leaders as Britain presses the US to extend the evacuation timetable amid chaos and deaths at Kabul airport, US cinema owners meeting in Las Vegas this week hope a slate of blockbusters will draw the curtain on Covid slump, and the spread of non-disclosure agreements, or NDA’s, is bad for companies as

Aug 23, 2021 • 9:22

Auto industry chip shortage worsens

Auto industry chip shortage worsens

Read a transcript of this episode on FT.comhttps://www.ft.com/content/243efeb3-032a-4282-b83a-24f566ea1161The chip shortage hobbling the auto industry has worsened as a wave of coronavirus cases spreads across south-east Asia with three of the world’s largest automakers announcing new disruptions on their assembly lines, Europe remains scarred by the memory of the Syrian refugee crisis and the bloc’s message about Afghan refugees is different, and FT Management Editor Andrew Hill shares highligh

Aug 20, 2021 • 9:23

Afghanistan’s ‘dire’ financial outlook

Afghanistan’s ‘dire’ financial outlook

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b1c4e938-b959-4767-aba9-2aedc1f44005The former head of Afghanistan’s central bank has warned that the country is facing “dire” financial prospects and an acute shortage of dollars and higher inflation will fuel the flow of migrants out of the country; the Taliban’s takeover hands China and Russia an opportunity to project their power after Washington’s chaotic withdrawal; and a majority of Federal Reserve officials believe the

Aug 19, 2021 • 11:07

The Taliban’s first official press conference since taking Kabul

The Taliban’s first official press conference since taking Kabul

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9950c2c0-f75c-4098-aa1f-01e3ffc38644In the Islamist group’s first official press conference since it took Kabul, Taliban spokesperson Zabihullah Mujahid said the militants would not seek revenge against government officials or the Afghan soldiers it has fought for the past two decades, and WhatsApp has shut down a complaints helpline set up by the Taliban after the messaging app came under pressure to block the group from usin

Aug 18, 2021 • 8:47

How will the Taliban 2.0 rule?

How will the Taliban 2.0 rule?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/76ae831e-7a74-4429-8bbb-2b947a04cb44Biden made his first comments on Afghanistan and blamed the chaos in Kabul on the country’s deposed leaders, and desperate Afghans overran the airport trying to flee. Pakistan’s international bonds came under selling pressure on Monday as emerging market investors braced themselves for the fallout from the crisis in Afghanistan, and the Taliban has pledged to create an open and inclusive gov

Aug 17, 2021 • 8:36

Afghanistan’s President flees his country

Afghanistan’s President flees his country

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b1e7f141-e281-4bee-81e3-b11eaf9d767dAfghanistan’s president fled the country as the Taliban advanced on Kabul, and tropical storm Grace headed towards Haiti as rescue workers scrambled to reach people trapped under rubble after a massive earthquake, and as the super-infectious Delta variant spreads around the world many governments are facing the delicate question of how to get hesitant citizens to take the jab.US and allies r

Aug 16, 2021 • 8:24

Financial technology start-ups in Africa

Financial technology start-ups in Africa

Read a transcript of this episode on FT.comhttps://www.ft.com/content/80e6939d-d085-499d-ac9d-3ac6386b69c1Airbnb reported strong quarterly earnings and said tourists from places with higher vaccination rates were “driving the travel recovery”, and ​​employees are taking sensitive computer code from their companies at three times the rate they were a year ago. Plus, the FT’s Africa editor David Pilling and McKinsey & Company partner Topsy Kola-Oyeneyin discuss the growth of financial technology s

Aug 13, 2021 • 8:38

The debt-laden UK high street

The debt-laden UK high street

Read a transcript of this episode on FT.comhttps://www.ft.com/content/baa5d27d-d16c-4f47-9902-abb72f02429dA top Federal Reserve official told the FT that the central bank could dial back its ultra-accommodative monetary stimulus as early as this year, and the White House has called on Opec to boost oil production in an effort to curb high petrol prices. Plus, the FT’s property correspondent, George Hammond, discusses the complicated dilemma of unpaid rent that faces businesses, their landlords,

Aug 12, 2021 • 9:27

Philip Morris battles to buy a medical inhaler company

Philip Morris battles to buy a medical inhaler company

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b20cdab3-2e47-4bbe-bbff-39c42459d105The rapid pace of US consumer price increases seen in recent months is set to stall in July near a 13-year high, and SoftBank will cut its investment in Chinese start-ups until the extent of Beijing’s scrutiny of the tech sector becomes clear. Plus, the FT’s private capital correspondent, Kaye Wiggins, has the latest on the battle between private equity group Carlyle and tobacco company Phil

Aug 11, 2021 • 10:20

US Senate on the cusp of approving Biden’s $1tn infrastructure package

US Senate on the cusp of approving Biden’s $1tn infrastructure package

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7822a4a7-d31a-40ce-8217-ebbafc4acb09Oil prices continue to slide on investor concerns over the spread of the coronavirus Delta variant, especially in China, and DraftKings buys Golden Nugget Online Gaming for $1.56bn. Plus, the FT’s Washington correspondent, Lauren Fedor, explains how the US Senate is getting closer to approving president Joe Biden’s $1tn infrastructure package. US Senate set to pass $1tn infrastructure p

Aug 10, 2021 • 8:52

Can science link extreme weather to climate change?

Can science link extreme weather to climate change?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/65fa9d74-d971-4536-a411-c06d86d8de64FT calculations of 20 Chinese billionaires show that their net worth has dropped by about $80bn since late June, ByteDance, the owner of short-video app TikTok, has revived a plan to go public, and Industry bosses are predicting a worldwide construction “supercycle” set to fuel demand for building materials. Plus, the FT’s climate reporter Camilla Hodgson explains how scientists are trying t

Aug 9, 2021 • 8:23

Robinhood’s wild stock market debut

Robinhood’s wild stock market debut

Read a transcript of this episode on FT.comhttps://www.ft.com/content/0e09d7d2-95d7-4fa1-80ff-9ff466f3cf6aApple intends to install software on US iPhones to scan for child abuse imagery, and president Joe Biden signed an executive order on Thursday calling for half of all new vehicles sold in the US to be electric by 2030. Plus, the FT’s markets editor Katie Martin explains how Robinhood’s stock price has rebounded after its IPO fell flat last week. Apple plans to scan US iPhones for child abuse

Aug 6, 2021 • 10:35

Why China’s youth ‘lie flat’ instead of enduring stress

Why China’s youth ‘lie flat’ instead of enduring stress

Read a transcript of this episode on FT.comhttps://www.ft.com/content/c6ee7948-06e7-4f4c-8940-2f83d85bdf4dThe value of the world’s stock of negative-yielding debt has ballooned to more than $16.5tn, SoftBank’s second Vision Fund plans to invest $100m in a new fund started by one of its former top partners, and US food delivery group DoorDash is preparing to make its first investment in Europe. Plus, the FT’s global China editor, James Kynge explains why younger Chinese people are opting out of s

Aug 5, 2021 • 9:39

PepsiCo’s juicy private equity deal

PepsiCo’s juicy private equity deal

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9221dcf1-ef98-4474-9d9f-226f08843bbfSpain has called on the EU to back measures to limit surging electricity prices and athletes from Russia are enjoying success at the Olympics despite a ban on the country. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why PepsiCo has sold off its big-name juice brands to a private equity firm. Russia wins at Tokyo 2020 despite ban over doping programmehttps://www.ft.co

Aug 4, 2021 • 10:22

Optimism soars on the airline industry’s recovery

Optimism soars on the airline industry’s recovery

Read a transcript of this episode on FT.comhttps://www.ft.com/content/219d15f1-b6fa-471c-b0ed-2a2c4163f757Forests in the US that generate the carbon offsets bought by companies including BP and Microsoft are on fire; Goldman Sachs looks to scale back its asset management business; and the International Monetary Fund has issued a warning over using cryptocurrency as legal tender. Plus, the FT’s Philip Georgiadis explains whether the airline industry’s resurgence is here to stay. Carbon offsets go

Aug 3, 2021 • 10:10

How climate change is steering the future of food

How climate change is steering the future of food

Read a transcript of this episode on FT.comhttps://www.ft.com/content/97741491-f1aa-4107-a84d-ebd874b1259dHouse prices are increasing in almost every major economy in the wake of the pandemic, and the success of skateboarding in the Tokyo Olympics could have a real influence on Japan’s culture. Plus, the FT’s commodities correspondent, Emiko Terazono, explains how changing temperatures across the globe are shifting the seasons and the crops that farmers can grow. Pandemic fuels broadest global h

Aug 2, 2021 • 10:42

Amazon misses revenue targets in latest quarter

Amazon misses revenue targets in latest quarter

Amazon shares slumped in after-hours trading after the ecommerce giant missed Wall Street’s revenue targets, Robinhood shares stumbled out of the gate on Thursday, and China’s securities regulator has sought to ease concerns among international investors and banks. Plus, the FT’s labor and equality correspondent, Taylor Nicole Rogers, explains how some teenagers gained the upper hand in a hot US summer jobs marketAmazon’s online sales growth slows as lockdowns ease, with San Francisco correspond

Jul 30, 2021 • 10:56

Fed signals taper decision closer, India’s tech IPO boom

Fed signals taper decision closer, India’s tech IPO boom

The Federal Reserve signalled it was moving closer to the moment when it will withdraw its support for the US economic recovery by tapering the central bank’s asset purchases, and the international lawyer Philippe Sands explains why he wants to create an international definition for the crime of ecocide. Plus, the FT’s Stephanie Findlay explains why Indian tech companies are going through an IPO boom. The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess S

Jul 29, 2021 • 9:46

Investors are spooked by China’s regulatory crackdowns

Investors are spooked by China’s regulatory crackdowns

Apple’s profit nearly doubled in the latest quarter as iPhone sales surged, and a former oil trader at Glencore has pleaded guilty in the US over his part in a scheme to bribe government officials in Nigeria. Plus, the FT’s US investment editor, Michael Mackenzie, explains why China’s crackdown is burning investors. Tech blowout: Apple profit nearly doubles as iPhone sales surgehttps://www.ft.com/content/18cfeb9a-8596-4d23-badd-df9a62d510abFormer Glencore trader pleads guilty to role in Nigeria

Jul 28, 2021 • 10:59

The $30bn insurance broker deal that never came to be

The $30bn insurance broker deal that never came to be

The UK government will consider loosening travel restrictions for travellers from the EU and the US, Intel will change the way it names its most advanced technology and Japanese athletes are raking in the golds at the Tokyo Olympics. Plus, Ian Smith, the FT’s insurance correspondent, explains how pressure from the US Department of Justice caused the $30bn merger between Aon and Willis Towers Watson to collapse. UK to consider relaxing travel restrictions from EU and UShttps://www.ft.com/content/

Jul 27, 2021 • 9:42

The stock winners and losers half way through the year

The stock winners and losers half way through the year

The international community is responding to the military’s protest crackdown in a variety of ways, and a look at why Nasdaq is separating its existing marketplace for private company shares into a new unit. Plus, the FT’s markets editor, Katie Martin, talks about the performance of the FT’s annual stock picking contest, thus far. US places sanctions on head of Cuban military over protest crackdownhttps://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306Nasdaq: private market exchange is t

Jul 26, 2021 • 10:29

Introducing Tech Tonic: You Can’t Always Get What you Quant

Introducing Tech Tonic: You Can’t Always Get What you Quant

As a News Briefing special we present Tech Tonic episode 3, our FT audio deep dive into how AI is gaining a new edge in markets. If you enjoyed this episode, click here to subscribe to Tech Tonic.From picking the best stocks to listening in on earnings calls, AI-powered systems are changing finance. But how big are the rewards, really? And what are the risks? In this episode Robin Wigglesworth tells us how AI has been used in investing, what happens when programs must adapt to new risks and what

Jul 23, 2021 • 30:00

US housing prices spark officials’ concern

US housing prices spark officials’ concern

Washington and Berlin have reached a deal to resolve their longstanding dispute over the Nord Stream 2 pipeline, and Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul Northern Ireland trade rules. Plus, rising housing expenses are quickly emerging as a pivotal indicator for officials at the Federal Reserve, within the Biden administration and among private economists.EU rejects British plan to rip up

Jul 22, 2021 • 9:59

Netflix gambles on gaming and podcasting

Netflix gambles on gaming and podcasting

Netflix gained 1.5m subscribers in the second quarter but lost 430,000 subscribers in the US and Canada, and UBS has launched a portfolio that invests solely in women-led hedge funds. Plus, the FT’s metals and mining correspondent, Henry Sanderson, talks about how the London Metals Exchange and the US-based CME Group are vying to capture rapid growth in demand for commodities tied to the electric car industry with new lithium futures contracts.Netflix bleeds subscribers in US and Canada with no

Jul 21, 2021 • 9:42

US businesses in Hong Kong between a rock and a hard place

US businesses in Hong Kong between a rock and a hard place

Fears over the coronavirus on Monday contributed to European stocks’ worst session of 2021 Description: The threat of the Delta coronavirus variant hit global equity markets on Monday, and the online brokerage Robinhood is seeking a valuation of up to $35bn in its upcoming initial public offering. Plus, the FT’s South China correspondent Primrose Riordan reports that American companies are upset by the Biden Administration’s business advisory warning about the risks of operating in Hong Kong. Gl

Jul 20, 2021 • 8:43

The search for a Covid supershot

The search for a Covid supershot

Opec and its allies have reached a deal to raise oil production in response to soaring prices, and China just launched the world’s largest carbon trading market. Plus, the FT’s global health editor, Sarah Neville, reports on scientists’ pursuit of a “supershot” vaccine to protect against all coronaviruses.Opec+ reaches deal to raise oil productionhttps://www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7China’s carbon market scheme too limited, say analysts, with Beijing correspondent, Chri

Jul 19, 2021 • 9:38

Pilita Clark’s picks for summer reading about the environment

Pilita Clark’s picks for summer reading about the environment

US retail banks cut their branch networks and trimmed headcount in the first half of the year, and Brussels' historic attempt to tackle climate change faces a wall of opposition from governments in the bloc. Plus, the FT’s business columnist, PIlita Clark, talks about her favourite summer reads about the environment. US banks close more than 250 branches in bet on digital future with Imani Moise, US banking correspondent https://www.ft.com/content/26764d8b-9c5f-420a-901c-eaed97dda412EU climate

Jul 16, 2021 • 10:14

Artist Damien Hirst issues his own ‘Currency’

Artist Damien Hirst issues his own ‘Currency’

The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into chaos, and British artist Damien Hirst yesterday launched his NFT-based project, entitled “The Currency”, that calls into question notions of worth and value and presents his buyers with a choice.Jay Powell says Fed ready to intervene if

Jul 15, 2021 • 8:32

The index of everything

The index of everything

Visa and Mastercard have left open key gateways between Binance and the financial system despite rising regulatory scrutiny of the cryptocurrency, the pace of US consumer price increases accelerated unexpectedly in June. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors might be interested in an “everything index” and how close we are to getting one. Visa and Mastercard stick with Binance as regulatory scrutiny rises https://www.ft.com/content/8f2e2528-e289-

Jul 14, 2021 • 9:49

The European Central Bank focuses on climate change

The European Central Bank focuses on climate change

David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this week when they report second-quarter earnings, flattered by smaller-than-expected credit losses during the pandemic. Plus, Martin Arnold, the FT’s Frankfurt bureau chief, interviewed Christine Lagarde, European Central Bank p

Jul 13, 2021 • 9:53

EU’s Andreas Schwab responds to White House criticism of EU tech regulation

EU’s Andreas Schwab responds to White House criticism of EU tech regulation

The rapid spread of the Delta coronavirus variant is causing concern about Europe’s economic recovery, and the number of start-ups valued above $1bn grew rapidly in the second quarter. Plus, the FT’s EU correspondent, Javier Espinoza, interviews the influential European Union lawmaker who is steering the EU’s flagship tech regulation through Parliament and wants to target the top US tech companies. Delta variant surge casts doubt over Europe’s economic reboundhttps://www.ft.com/content/1f9c18cf-

Jul 12, 2021 • 9:38

Martin Wolf's summer reading list

Martin Wolf's summer reading list

The UK’s advertising watchdog says it will clamp down on misleading marketing for crypto investments, and stock markets dropped on Thursday on rising concerns about prospects for the global economy. Plus, the FT’s chief economics commentator, Martin Wolf, picks his top economics summer reads. UK advertising watchdog to crack down on misleading crypto marketinghttps://www.ft.com/content/19ad9810-402d-4529-89b5-732521829548?Markets enjoy blessed relief now the heavy storms have passed with Katie M

Jul 9, 2021 • 11:26

A wave of private equity buyouts in the UK prompts concern

A wave of private equity buyouts in the UK prompts concern

Former president Donald Trump is suing Facebook, Twitter and Google’s YouTube, as well as their respective chief executives, in lawsuits alleging “unlawful censorship” of Americans, the new Delta variant of coronavirus is driving up infection rates in countries across the globe, and South Africa’s president has been arrested. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why private equity firms have been targeting UK companies and how the British public is reacting. Trum

Jul 8, 2021 • 9:56

What did Didi’s bankers know before the IPO?

What did Didi’s bankers know before the IPO?

Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO, the Opec impasse highlights growing tensions between Saudi Arabia and the United Arab Emirates, the Pentagon cancels a highly sensitive $10bn cloud contract awarded to Microsoft, and a new report that says Viktor Orban’s government is failing to ensure the transparent use of EU funds and their independent oversight, which will

Jul 7, 2021 • 8:55

China’s widening tech crackdown

China’s widening tech crackdown

KKR is expanding its operations to target more takeovers in the UK, ransomware hackers hit more than 1,000 companies in what appears to be one of the largest supply chain attacks to date, and oil prices jumped to the highest level in three years on Monday after oil producers abandoned a decision over increasing oil production. Plus, the FT’s deputy Beijing bureau chief looks at why Chinese regulators are going after Chinese tech companies that recently listed in the US. KKR steps up pursuit of U

Jul 6, 2021 • 8:55

Introducing Tech Tonic: Trust me, I’m a robot

Introducing Tech Tonic: Trust me, I’m a robot

As a News Briefing special we present Tech Tonic, our FT audio deep dive into the promises and perils of artificial intelligence.  If you enjoyed this episode, click here to subscribe to Tech Tonic. Tech Tonic S2 E2: Trust me, I’m a robotWhat does it mean for AI to augment human perception? In this episode the FT’s Madhumita Murgia takes us to a small village in rural India where AI is being used to help doctors better diagnose tuberculosis and looks at a healthcare system where it is helping pa

Jul 5, 2021 • 24:36

What the Apple Daily closure means for the free press in Hong Kong

What the Apple Daily closure means for the free press in Hong Kong

The world’s leading economies have signed up to a plan that looks to force multinational companies to pay a global minimum corporate tax rate of 15 per cent, economists believe that the Federal Reserve will raise interest rates by the end of 20-23, and Robinhood is targeting a valuation of $40bn or more ahead of its public offering. Plus, the FT’s Nicolle Liu explains what the closure of the Apple Daily newspaper means for the media landscape in Hong Kong. World’s leading economies agree global

Jul 2, 2021 • 10:59

How English Channel ports avoided a Brexit meltdown

How English Channel ports avoided a Brexit meltdown

Private equity firms have broken a 40-year record with $500bn in deals that helped to propel global mergers and acquisitions activity to an all-time high, and the dominant Chinese ride-hailing company, Didi Chuxing, became the largest Chinese company since Alibaba to list in the US, and nightmarish fears of traffic jams and clogged ports after Brexit never materialised thanks to several factors.  Private equity breaks 40-year record with $500bn dealshttps://www.ft.com/content/cd9571a3-726c-4995-

Jul 1, 2021 • 9:31

Inside the secretive private equity firm behind the £6.8bn Asda buyout

Inside the secretive private equity firm behind the £6.8bn Asda buyout

Today the UK will set out a plan for a simpler, more “nimble” post-Brexit system of state subsidies, and the Japanese conglomerate Hitachi is anticipating a wave of infrastructure spending as it bets on the US market to drive its next phase of growth. Plus, the FT’s private capital correspondent, Kaye Wiggins, investigates the low-profile investors behind the £6.8bn buyout of UK supermarket chain Asda.UK unveils post-Brexit state aid scheme to support industryhttps://www.ft.com/content/4206d16f-

Jun 30, 2021 • 9:47

The frontrunner to replace Angela Merkel talks the CDU and Germany’s economy

The frontrunner to replace Angela Merkel talks the CDU and Germany’s economy

A US judge has dismissed two antitrust lawsuits against Facebook, investors are reassessing their conviction in the reflation trade that has captivated Wall Street this year after a hawkish tilt by the US central bank inflicted losses on some fund managers, Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems. Plus, the FT’s Berlin bureau chief, Guy Chazan, spoke with Armin Laschet, leader of the CDU and frontrunner to replace Angela Me

Jun 29, 2021 • 10:59

The Amazon wage effect

The Amazon wage effect

The UK’s financial watchdog has ordered crypto exchange Binance to stop all regulated activities in Britain, and Denmark’s media industry is pioneering a new bargaining tactic to try and make Google and Facebook pay for news. Plus, the FT’s Andrew Edgecliffe-Johnson reports that some US companies blame Amazon’s aggressive hiring practices for the current labor shortage. Financial watchdog bans crypto exchange Binance from UKhttps://www.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87Danish me

Jun 28, 2021 • 8:55

Biden strikes infrastructure deal, Bitcoin’s plunge

Biden strikes infrastructure deal, Bitcoin’s plunge

US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping reg

Jun 25, 2021 • 10:03

Meme ‘stonks’ and the market

Meme ‘stonks’ and the market

Read a transcript of this episode on FT.comhttps://www.ft.com/content/eb36b605-47d9-465a-91f8-d47a4af45faeTech groups in Taiwan are accused of locking up migrant workers as coronavirus hits the sector, and the rapid rise in prices for raw materials has reversed a decades-long decline in the cost of solar energy. Plus, our global finance correspondent, Robin Wigglesworth, explains how financial memefication is evolving from a niche corner to grow deep roots in stock marketsTech groups in Taiwan a

Jun 24, 2021 • 10:29

Why Instagram is getting filtered out

Why Instagram is getting filtered out

House prices have set records in the US and parts of Europe, and the artificial intelligence-based drug-discovery platform Insilico has raised more than $255m from investors. Plus, the deputy head of the FT’s Lex column, Elaine Moore, explains why Instagram is struggling to stay relevant in today's social media landscape. House prices climb to record levels in US and Europehttps://www.ft.com/content/3082fe00-cdb7-4eb9-ab2d-2309b9848114AI drug discovery start-up Insilico raises more than $25

Jun 23, 2021 • 10:08

US student athletes’ Supreme Court victory

US student athletes’ Supreme Court victory

The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association. US medicines watchdog accused of cozy ties w

Jun 22, 2021 • 9:49

How artificial intelligence is reshaping the world

How artificial intelligence is reshaping the world

Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence. Reflation trades pummelled as Fed shift resets marketshttps://www.ft.com/content/2fa0c907-f597-49b2-a08d-3524

Jun 21, 2021 • 11:07

Black Americans’ unease with official embrace of Juneteenth

Black Americans’ unease with official embrace of Juneteenth

The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday. Bond spreads collapse as investors rush into risky

Jun 18, 2021 • 10:48

Federal Reserve signals first rate rise in 2023

Federal Reserve signals first rate rise in 2023

Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement. Fed signals first rate rise will come in 2023https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3Big Tech critic Lina Khan to lead US competition regulatorhttps://www.ft.com

Jun 17, 2021 • 9:41

Web founder Tim Berners-Lee auctions off original source code

Web founder Tim Berners-Lee auctions off original source code

The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art. Tokyo Olympics will need bailout if games go ahead without spectatorshttps://www.f

Jun 16, 2021 • 10:35

When Biden meets Putin

When Biden meets Putin

The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin. UK and Norway complete world’s longest subsea electricity cable https://www.ft.com/

Jun 15, 2021 • 10:18

China’s proliferating smart city technology

China’s proliferating smart city technology

Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change. Plus, the FT’s global China

Jun 14, 2021 • 10:05

Inflation rises but worries fade, global taxation deal

Inflation rises but worries fade, global taxation deal

Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buye

Jun 11, 2021 • 10:07

The true cost of zero commission trading

The true cost of zero commission trading

Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers. Will hot US inflat

Jun 10, 2021 • 9:03

The FBI’s hi-tech sting, the day the internet broke

The FBI’s hi-tech sting, the day the internet broke

Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted co

Jun 9, 2021 • 9:43

Abu Dhabi’s creative pivot away from oil

Abu Dhabi’s creative pivot away from oil

US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture. US says it has re

Jun 8, 2021 • 9:30

The potential disruption of decentralised finance

The potential disruption of decentralised finance

One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance. Chip shortage to last until at least mid-2022, warns manufacturerhttps://www.

Jun 7, 2021 • 9:42

Are we in a new era of inflation?

Are we in a new era of inflation?

The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.Washington to bar US investors from 59 Chinese companieshttps://www.ft.com/content/91e6fb2a-6385-49

Jun 4, 2021 • 9:50

AMC butters up retail investors, Naomi Osaka shakes up sports media

AMC butters up retail investors, Naomi Osaka shakes up sports media

A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage.  Cyber insurers recoil as ransomware attacks ‘skyrocket’ https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922?Cinema chain AMC surges a

Jun 3, 2021 • 8:49

Djibouti is trying to become the Singapore of Africa

Djibouti is trying to become the Singapore of Africa

Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schi

Jun 2, 2021 • 11:00

How Covid-19 finally caught up with Taiwan

How Covid-19 finally caught up with Taiwan

The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers  Lockdown pet boom helps insurer to $2bn valuationhttps://www.ft.com/content/019cce7c-

Jun 1, 2021 • 8:38

US regulation on cryptocurrencies could be coming

US regulation on cryptocurrencies could be coming

American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency. US retailers rush to secure holiday season stockh

May 31, 2021 • 11:04

European stocks are getting their moment in the sun

European stocks are getting their moment in the sun

The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.  Archegos fallout hits market for blank cheque companieshttps://www.ft.com/content/ee15fbca-8ef7-4b6f-bb

May 28, 2021 • 10:48

Big oil companies face backlash on both sides of the Atlantic

Big oil companies face backlash on both sides of the Atlantic

Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.  Climate activists hail breakthrough victories over Exxon and Shell https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?Amazon-MGM: Will MGM be Amazon’s ticket to the bi

May 27, 2021 • 9:42

Can oil dependent countries adjust as the world shifts from fossil fuels?

Can oil dependent countries adjust as the world shifts from fossil fuels?

England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets. England’s NHS plans

May 26, 2021 • 8:49

Can economic reform create a more level playing field for Black Americans?

Can economic reform create a more level playing field for Black Americans?

Deutsche Bank is relocating 100 bankers from London to offices in the EU and Asia as Germany’s largest lender accelerates a corporate restructuring following Brexit, and France’s President, Emmanuel Macron, is caught between financial prudence and political reality as the French economy recovers with a presidential election looming on the horizon. And the US economy is recovering but unemployment among Black Americans is still much higher compared to other communities.  Deutsche accelerates over

May 25, 2021 • 9:27

Epic vs Apple legal battle wraps up

Epic vs Apple legal battle wraps up

Today is the final day of the courtroom battle between Apple and Fortnite developer Epic games, which has accused Apple of abusing its position by forcing developers to distribute apps exclusively through the App Store. ExxonMobil faces a pivotal moment this week as shareholders have their say on what critics call an inadequate response to seismic shifts brought on by climate change. The chief executive of AstraZeneca, Pascal Soriot, insists that his company’s Covid-19 has a future, and for the

May 24, 2021 • 8:09

Quantitative easing and rising stock prices

Quantitative easing and rising stock prices

Israel and Hamas have agreed to a ceasefire that would end an 11-day conflict that has claimed the lives of at least 230 Palestinians and 12 Israelis. And WeWork’s losses almost quadrupled to $2.1bn in the first quarter of this year as the co-working company haemorrhaged more than a quarter of its members and shelled out hundreds of millions of dollars to restructure its property portfolio, and the FT’s Rob Armstrong talks about quantitative easing and stock prices. Israel and Hamas agree a ceas

May 21, 2021 • 9:41

Fears of regulation lead to cryptocurrency chaos

Fears of regulation lead to cryptocurrency chaos

US companies have urged South Korea’s president to free Samsung’s jailed chairman and argue the billionaire executive could boost American efforts to shake off the country’s dependence on computer chips produced overseas. Swedish oat milk producer Oatly raised $1.4bn in its initial public offering on Wednesday,Plus, the FT’s Trading Room editor, Philip Stafford, explains how a warning from Chinese regulators led to a chaotic day for cryptocurrency traders.US companies lobby South Korea to free j

May 20, 2021 • 8:52

JPMorgan’s executive shuffle puts two women in line to replace Jamie Dimon

JPMorgan’s executive shuffle puts two women in line to replace Jamie Dimon

JPMorgan Chase has shuffled several top executives, and has elevated two women who could be successors to chief executive Jaime Dimon, and the eurozone economy looks like it is recovering from the coronavirus pandemic. Plus, the FT’s Greater China correspondent, Kathrin Hille, explains why the world’s largest contract electronics maker, Foxconn, plans to be more integral to the auto industry.JPMorgan elevates potential successors to Jamie Dimonhttps://www.ft.com/content/9e31d7a7-4911-493b-919d-3

May 19, 2021 • 9:35

Biden tells Netanyahu he supports a ceasefire in the Israel-Gaza conflict

Biden tells Netanyahu he supports a ceasefire in the Israel-Gaza conflict

US President Joe Biden yesterday expressed support for a Israel-Gaza ceasefire in a call with Israel’s Prime Minister Netanyahu, and today EU foreign ministers will meet to discuss the conflict, and a biotech company developing medicines that mimic the painkilling effects of cannabis is set to list in London this week. Plus, the FT’s South China correspondent, Primrose Riordan, explains why activists are calling BlackRock “inconsistent” in its ESG commitments. Biden backs ceasefire in Israel-Pal

May 18, 2021 • 9:14

The growing market for emotional recognition technology

The growing market for emotional recognition technology

AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant to compete in streaming, the insurance group Axa said one of its Asian business units was the victim of a “targeted ransomware attack”, and the EU plans to throw its weight behind a push to expand vaccine manufacturing in Africa. Plus, the FT’s European technology correspondent, Madhumita Murgia, explains why companies see potential in emotional recognition technology. AT&T nears deal to c

May 17, 2021 • 9:23

Why Elon Musk is focusing on bitcoin’s fossil fuel issues

Why Elon Musk is focusing on bitcoin’s fossil fuel issues

Airbnb’s first-quarter revenues showed a strong recovery in travel in the US as pandemic restrictions eased, and Netflix tries to adjust as it moves from streaming industry disruptor to defensive incumbent. Plus, Elon Musk rocked the cryptocurrency market when he announced Tesla will no longer accept bitcoin as payment. The FT’s markets editor, Katie Martin, explains why the electric carmarker’s CEO made the reversal. Airbnb says customers paying higher prices as travel demand riseshttps://www.f

May 14, 2021 • 8:55

Consumer price data stokes inflation fears, US labour shortage

Consumer price data stokes inflation fears, US labour shortage

US stocks suffered their worst losses in months and government bonds also fell after government data showed the US inflation rate jumped to a 13-year high, and the Colonial pipeline has resumed operations following last week’s ransomware attack. Plus, the FT’s Taylor Nicole Rogers discusses a labour shortage in the US that is making it hard for employers to find enough workers as the economy opens up. Wall Street ends lower as inflation debate intensifieshttps://www.ft.com/content/fd3abbb8-955a-

May 13, 2021 • 8:31

US companies announce record share buybacks, Covid hits India’s middle class

US companies announce record share buybacks, Covid hits India’s middle class

Companies are dusting off share buyback plans after a blockbuster earnings season, and shareholders are rebelling against executive pay proposals. Plus, the FT’s New Delhi reporter, Jyotsna Singh, explains how India’s second surge is devastating the country’s middle class. Companies prepare share buyback bonanza as outlook clearshttps://www.ft.com/content/d7adb226-e9a6-4cd8-9049-35d55c211ca4US investors revolt against executive pay in record numbershttps://www.ft.com/content/50e73d21-3de5-4196-b

May 12, 2021 • 8:46

Colonial pipeline hackers didn’t mean to create problems, UK services’ Brexit struggles

Colonial pipeline hackers didn’t mean to create problems, UK services’ Brexit struggles

The hacker group blamed for the ransomware attack on the Colonial pipeline insisted it only wanted to make money and did not want to cause problems for society, tech stocks tumbled on Monday as investors braced for further signs of inflation, and Vice Media is joining the streaming gold rush. Plus, the FT’s management editor, Andrew Hill, explains why businesses in the UK’s services sector trying to operate in Europe are encountering post-Brexit challenges. This episode features the song “Black

May 11, 2021 • 9:07

US issues emergency powers to keep fuel flowing, CEO diversity promises

US issues emergency powers to keep fuel flowing, CEO diversity promises

The US government enacted emergency powers on Sunday in a bid to keep fuel supplies flowing after a cyberattack shut down a key pipeline, and European and US banks are split on whether to bring staff back to the office. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, looks at how much US corporations have lived up to diversity promises they made after the police murder of George Floyd. US and Europe split on bringing bankers back to the officehttps://www.ft.com/547a4dc2-e

May 10, 2021 • 10:23

Merkel opposes US move to waive vaccine IP, the drive behind the commodity supercycle

Merkel opposes US move to waive vaccine IP, the drive behind the commodity supercycle

Angela Merkel has expressed opposition to the Biden administration’s proposal to suspend intellectual property rights for Covid-19 vaccines, and Norway’s Telenor has written off its entire $782m investment in Myanmar but will remain in the country. Plus, the FT’s markets editor, Katie Martin, explains what is behind the commodities super cycle and what it could mean for inflation. Angela Merkel rejects US move to waive patents on vaccines https://www.ft.com/content/76a05a85-b83c-4e36-b04d-7f44f6

May 7, 2021 • 10:24

US to support temporary suspension of Covid-19 vaccine patents,  India’s coronavirus crisis is affecting global shipping

US to support temporary suspension of Covid-19 vaccine patents, India’s coronavirus crisis is affecting global shipping

Stocks of major vaccine makers were rattled on Wednesday after the US decided to support a plan to temporarily suspend the intellectual property rights for Covid-19 jabs, and India’s coronavirus crisis is hitting the international shipping industry. Plus, the FT’s leisure industries correspondent, Alice Hancock, talks about the European tourism industry’s hopes of emerging from the pandemic with a different kind of tourism. US backs plan to suspend Covid vaccine patents during pandemichttps://ww

May 6, 2021 • 8:20

Yellen says US interest rates may have to rise, European central banks lag in gender equality

Yellen says US interest rates may have to rise, European central banks lag in gender equality

Treasury secretary Janet Yellen said on Tuesday that US interest rates may need to rise so that the economy does not overheat, and US states and companies are offering all kinds of incentives to entice people to get vaccinated against coronavirus. Plus, there are very few women in top roles in European central banking and economics. Two of them spoke to the FT about their experiences and “hidden barriers” to gender equality in their field.Yellen says rates may have to rise to prevent ‘overheatin

May 5, 2021 • 10:53

US banks move to reduce deposits, the Spac bubble deflates

US banks move to reduce deposits, the Spac bubble deflates

A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated. Apollo buys Verizon media assets including Yahoo for $5bnhttps://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1Cash-rich US banks move to reduce corporate depositshttps://www.ft.com/co

May 4, 2021 • 10:35

Epic Games vs Apple, Serbs worry about pollution from Chinese investment

Epic Games vs Apple, Serbs worry about pollution from Chinese investment

The trial between Epic Games and Apple is set to kick off today, and the controversial Dakota Access Pipeline is back in federal court. Plus, the FT’s southeast Europe correspondent, Valerie Hopkins, explains the love-hate relationships that Serbians have with Chinese investment in their country. ‘Fortnite’ maker goes to war over ‘Apple tax’https://www.ft.com/content/293780f7-d2f8-4f3f-aa52-752c74e2d34dWhy some tribes want to keep a controversial US pipeline openhttps://www.ft.com/content/7950dc

May 3, 2021 • 10:00

Amazon caps big week of tech earnings, Bafin’s Binance probe

Amazon caps big week of tech earnings, Bafin’s Binance probe

Amazon reported its second straight quarter of $100bn-plus sales, comfortably beating Wall Street’s targets, and the FT’s Elaine Moore looks at Apple’s results, which were boosted by iPhone sales. Also, the US government this summer will start sending monthly child allowances in an experimental effort to reduce child poverty. Plus, the FT’s markets editor explains how the big cryptocurrency exchange, Binance, landed itself in trouble with German regulators. Amazon reaps rewards of pandemic shift

Apr 30, 2021 • 11:07

Fed says no change to monetary policy, Credit Suisse’s new chair aims for turnround

Fed says no change to monetary policy, Credit Suisse’s new chair aims for turnround

The Federal Reserve upgraded its view of the US economic recovery, but kept interest rates close to zero, Brussels has insisted it is putting in place tough new processes to ensure the EU’s unprecedented recovery fund is not frittered away and global health expert Abraar Karan talks about the current surge in coronavirus cases in India. Plus, the FT’s banking editor, Stephen Morris, explains how Credit Suisse got itself into so much trouble and whether it can dig itself out.  Fed paints rosier p

Apr 29, 2021 • 9:40

Google’s big Q1, how to craft a New Deal for the young

Google’s big Q1, how to craft a New Deal for the young

Google reported record first quarter earnings, and stock market listings around the world are running at their fastest pace this year.  Plus, FT columnist Sarah O’Connor explains why millennials and Gen Z have been hit so hard by the pandemic, and what can be done to help them. Google ad boom sends profits to new recordhttps://www.ft.com/content/c686458c-e544-4c50-990d-954b91d955edGlobal IPOs run at fastest pace since 1995https://www.ft.com/content/857c1286-d35e-404a-ae7c-8d04b7508810‘We are dro

Apr 28, 2021 • 11:29

US donates AstraZeneca vaccine doses, the rise of OnlyFans

US donates AstraZeneca vaccine doses, the rise of OnlyFans

The US will share up to 60m doses of AstraZeneca’s Covid-19 vaccine with other countries, and Total has declared force majeure on its multibillion-dollar LNG development in Mozambique. Plus, the FT’s consumer industries reporter, Patricia Nilsson, talks about the celebrity and sex worker subscription site, OnlyFans, which has exploded in popularity over the past year. This episode features the song “Savage” by Meghan Thee Stallion, featuring Beyoncé. The song is licensed to 300 Entertainment. US

Apr 27, 2021 • 10:00

US offshore wind energy, the rise of Germany’s Green Party

US offshore wind energy, the rise of Germany’s Green Party

Chinese companies have raised a record $11bn on the New York Stock Exchange and Nasdaq this year, vaccine makers have warned about the risks of giving up patent rights to their Covid-19 vaccines, the White House is expected to greenlight a wind power project off the Massachusetts coast. And Germany’s Green Party has a leader who symbolizes the image of a party that is riding a wave of popularity and could be swept into government this September.  China stock sales in US surge to record despite d

Apr 26, 2021 • 10:38

The data invisibility of Asian Americans

The data invisibility of Asian Americans

Joe Biden plans to announce a set of tax increases on the wealthiest Americans, and there has been a rally in the price of lumber due to demand from the housing market. Plus, the FT’s data journalist, Christine Zhang, explains how statistics can fail Asian American communities.Biden prepares to announce string of tax rises for richest Americanshttps://www.ft.com/content/a43d966e-b7d9-4ee1-bb77-2a6561dfda12Lumber party: economic bounce fuels US wood price rallyhttps://www.ft.com/content/202dada4-

Apr 23, 2021 • 12:13

US to propose big emissions cut by 2030, Huarong tests Beijing’s backing

US to propose big emissions cut by 2030, Huarong tests Beijing’s backing

US President Joe Biden is set to announce his country’s steepest ever emissions cuts, Russia plans to pull out of the International Space Station by 2025, and Turkey’s opposition is asking where US$128bn in foreign exchange reserves has gone. Plus, the FT’s Shanghai correspondent, Tom Hale, explains why the corruption at Huarong Asset Management is creating headaches for Beijing. US to propose emissions cut of up to 50% by end of decadehttps://www.ft.com/content/32f5e2cd-4689-4434-9da0-d97d46673

Apr 22, 2021 • 8:59

Football clubs back out of Super League, Derek Chauvin found guilty in murder of George Floyd

Football clubs back out of Super League, Derek Chauvin found guilty in murder of George Floyd

A jury in Minneapolis found former police officer Derek Chauvin guilty on three charges in the killing of George Floyd, TikTok is accused of illegally collecting personal data on millions of children in the UK and Europe. Plus, the FT’s sports editor, Murad Ahmed, has the latest in the European football upheaval and the decision by leading English clubs to back out of plans for a new Super League. Leaked Super League plans reveal goal of US-style football financeshttps://www.ft.com/content/e8029

Apr 21, 2021 • 9:25

Johnson & Johnson Covid vaccine could weigh on other programmes, Cuba’s future in a post-Castro era

Johnson & Johnson Covid vaccine could weigh on other programmes, Cuba’s future in a post-Castro era

The concerns that led to a halt in Johnson & Johnson’s Covid vaccine rollout could damage confidence in the company’s longer-term vaccines programme, and Apple will allow the social media app Parler to return to its app store. Plus, Miguel Diaz-Canel has been confirmed as the new head of Cuba’s Communist party. The FT’s Latin America editor, Michael Stott, discusses the island’s future in the post-Castro era. Johnson & Johnson’s Covid setback risks damaging its vaccine programmehttps://www.ft.co

Apr 20, 2021 • 8:32

A tournament to compete with the Champions League, is Clubhouse worth $4bn?

A tournament to compete with the Champions League, is Clubhouse worth $4bn?

Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began, and many of Europe’s wealthiest football clubs have agreed to join a breakaway “Super League” competition. Plus, the FT’s Lex columnist Elaine Moore discusses whether the audio chat app, Clubhouse, has staying power. Global savers’ $5.4tn stockpile offers hope for post-Covid spendinghttps://www.ft.com/content/8cbfe40d-1ce1-4dc6-bcb2-1314b77b9443?Top European football clubs sign up to break

Apr 19, 2021 • 10:31

Markets rally on strong economic data, investors react to Biden’s sanctions on Russia

Markets rally on strong economic data, investors react to Biden’s sanctions on Russia

Global equities reached new heights and Treasuries rallied sharply on Thursday on the back of upbeat economic data in the US, and Dubai has become the first city to sign a contract with an autonomous taxi manufacturer. Plus, US president Joe Biden imposed new sanctions on Moscow on Thursday. The FT’s markets editor, Katie Martin, explains how investors reacted. Global stocks hit record highs on strong economic datahttps://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704Biden imposes

Apr 16, 2021 • 9:45

US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship

US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship

Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.” Boom on Wall Street powers US bank profitshttps://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b3

Apr 15, 2021 • 9:46

Eurozone’s economy proves resilient, Toshiba buyout battle

Eurozone’s economy proves resilient, Toshiba buyout battle

Coinbase prepares to be the first leading cryptocurrency exchange to list on a US stock market, and the eurozone economy is showing signs of adapting to coronavirus lockdowns. Plus, the FT’s private capital correspondent, Kaye Wiggins, discusses the corporate drama surrounding the private equity bidding for Japan’s Toshiba. Coinbase listing set to capitalise on crypto bull runhttps://www.ft.com/content/06d98c02-f5da-45e8-a0f5-20e3bfd64879Eurozone’s economy shows signs of adapting to lockdownshtt

Apr 14, 2021 • 8:33

UK to launch probe into Cameron and Greensill, US states turn to online betting for tax revenue

UK to launch probe into Cameron and Greensill, US states turn to online betting for tax revenue

Boris Johnson has commissioned an independent inquiry into the lobbying scandal involving David Cameron and Greensill Capital, and the $5bn-valued cyber security technology company, Darktrace, has set out plans to float in London. Plus, the FT’s US sports business correspondent, Sara Germano, explains why US states have suddenly embraced online sports gambling. UK government to announce independent probe into Cameron and Greensillhttps://www.ft.com/content/ade87a61-b1e1-433a-a79f-25fc6b9a0aafMik

Apr 13, 2021 • 10:12

David Cameron breaks Greensill silence, investors brace for corporate tax hikes

David Cameron breaks Greensill silence, investors brace for corporate tax hikes

Former British prime minister David Cameron has admitted he made mistakes over his government lobbying for Greensill Capital, leading Chinese smartphone maker Xiaomi is expanding its investment in chips, and Microsoft is on the verge of acquiring the voice technology pioneer, Nuance. Plus, the FT’s US equities correspondent, Aziza Kasumov, discusses US equities investors’ concerns about US president Joe Biden’s tax proposals. Cameron admits mistakes as he breaks silence on Greensillhttps://www.f

Apr 12, 2021 • 10:28

Amazon on course to defeat union effort, Goldman’s Deliveroo move

Amazon on course to defeat union effort, Goldman’s Deliveroo move

Amazon looked on course to defeat a historic effort by workers to unionise an Alabama warehouse, and companies and countries around the world are weighing the Biden administration’s global corporate tax plan. Plus, the FT’s markets editor, Katie Martin, explains Goldman Sachs’ purchase of £75m of Deliveroo shares after the UK food delivery group’s disappointing initial public offering last month.  Amazon vote count shows Alabama unionisation effort trailinghttps://www.ft.com/content/df3eeb04-d03

Apr 9, 2021 • 10:58

US corporate tax offer to the world, ShareChat valued at $2.1bn, Vaccitech IPO

US corporate tax offer to the world, ShareChat valued at $2.1bn, Vaccitech IPO

The start-up that owns the biotechnology behind the Oxford/AstraZeneca vaccine has confidentially filed for an initial public offering in the US, Indian social media group ShareChat has raised more than $500m to grow its popular short-video app Moj, and Austrian activist Max Schrems has filed a privacy complaint against Google in France. Plus, the FT’s Washington bureau chief James Politi has details on the US’s offer to the rest of the world to tax multinational companies. US offers new plan in

Apr 8, 2021 • 8:45

EMA to probe Sputnik vaccine, Renesas Electronics, Brazil crises

EMA to probe Sputnik vaccine, Renesas Electronics, Brazil crises

The EU drug regulator will launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical standards, and Japan’s national champion, Renesas Electronics, is being forced to diversify due to the pressures brought on by the chip industry. Plus, the FT’s Latin America editor, Michael Stott, explains how president Jair Bolsonaro lost his grip of Brazil. EU regulator to probe ethical standards of Sputnik vaccine trialshttps://www.ft.com/conten

Apr 7, 2021 • 9:52

Janet Yellen proposes global corporate minimum tax, the Taiwanese company at the heart of the global economy

Janet Yellen proposes global corporate minimum tax, the Taiwanese company at the heart of the global economy

US Treasury secretary Janet Yellen is calling on other countries to join the US in setting a corporate global minimum tax, and bond investors who took big risks at the outset of the pandemic are enjoying big returns. Plus, the FT’s greater China correspondent, Kathrin Hille, discusses how a little-known chip company that dominates the global semiconductor industry is navigating political tensions.  Yellen calls for global minimum corporate taxhttps://www.ft.com/content/79023ff2-c629-429c-8a34-16

Apr 6, 2021 • 10:20

Computer chip shortage, corporate America caught between US and China

Computer chip shortage, corporate America caught between US and China

The boom in Bitcoin mining is having an unintended consequence: it has driven up the cost of computer chips. Plus, the FT’s US-China correspondent, Demetri Sevastopulo, explains how China’s repressive treatment of its Uyghur Muslims is affecting Western brands who do business in the country.  Bitcoin mining boom adds to chip price inflationhttps://www.ft.com/content/d5c121c8-aefc-48d5-a3bf-6e581ccb5762Western brands caught between US and China over human rightshttps://www.ft.com/content/a0be4094

Apr 5, 2021 • 8:46

Biden’s $2tn infrastructure plan, Deliveroo’s IPO flop, Black Americans in finance

Biden’s $2tn infrastructure plan, Deliveroo’s IPO flop, Black Americans in finance

Wall Street touched a record high Wednesday as the White House released details of President Joe Biden’s multi trillion-dollar US stimulus plan, and the food delivery app, Deliveroo, closed down 26 per cent in its first day on the public market. Plus, the FT’s US labour and equalities correspondent, Taylor Nicole Rogers, explains why there are fewer black Americans in financial leadership positions than there were a decade ago. Tech stocks power Wall St to record ahead of Biden stimulus speechht

Apr 1, 2021 • 10:27

IMF head issues warning, Russia’s Arctic trade route, Amlo’s progress

IMF head issues warning, Russia’s Arctic trade route, Amlo’s progress

The head of the IMF has warned that the world should be ready for an emerging market debt crisis as the global economy emerges from the coronavirus pandemic, and Russia is using the Suez Canal incident to promote its own Arctic shipping route. Plus, the FT’s Mexico and Central America correspondent, Jude Webber, explains why Mexico’s citizens are willing to give president Andrés Manuel López Obrador a second chance.  Prepare for emerging markets debt crisis, warns IMF headhttps://www.ft.com/con

Mar 31, 2021 • 8:08

Biden’s Taiwan shift, US companies see inflation, Archegos hits big banks

Biden’s Taiwan shift, US companies see inflation, Archegos hits big banks

The Biden administration is sticking with a Trump administration policy that will make it easier for US diplomats to meet with Taiwanese officials, and US companies say they are feeling the bite of inflation. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why banks might be more careful with hedge fund leverage after the meltdown of Archegos Capital Management. US to make it easier for diplomats to meet Taiwanese officialshttps://www.ft.com/content/05d67774-fdf7-41ae-b

Mar 30, 2021 • 10:26

Mysterious trades, Suez Canal ripples, Amazon union vote

Mysterious trades, Suez Canal ripples, Amazon union vote

The private investment firm Archegos Capital was behind billions of dollars worth of share sales that captivated Wall Street on Friday, the head of the Suez Canal Authority has warned that there is no timeline for freeing the 220,000-tonne container ship that has blocked one of the main arteries of global trade, and Amazon workers in Bessemer wrap up a potentially historic unionization vote. Traders brace after fire sale of stocks linked to Archegos https://www.ft.com/content/2542af81-9e93-4d05-

Mar 29, 2021 • 10:31

EU leaders clash over vaccines, UK debt, Ant Group fees

EU leaders clash over vaccines, UK debt, Ant Group fees

European leaders clash over vaccine distribution at a marathon virtual summit, holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, Jack Ma’s Ant Group demands bigger fees to rebuild valuation after pulled IPO, and comfort foods like doughnuts and mac and cheese proved popular during the pandemic. EU leaders clash over vaccine distribution in tense summit https://www.ft.com/content/486a65fe-0608-4230-b9d5-c990f10d5be8Inv

Mar 26, 2021 • 10:04

EU-UK vaccine tensions, grounded ship blocks Suez canal

EU-UK vaccine tensions, grounded ship blocks Suez canal

British and European officials on Wednesday issued a joint statement saying they’d discussed developing a “reciprocally beneficial relationship” to tackle Covid-19, after a top official in Brussels accused the UK of “vaccine nationalism”; a grounded container ship has blocked traffic in one of the world’s most critical shipping passages; and the rush to produce hydroelectric power in the Himalayas is adding to a crisis already exacerbated by climate change. UK and EU move to calm tensions over a

Mar 25, 2021 • 9:34

EU-China diplomatic row imperils market access deal

EU-China diplomatic row imperils market access deal

The escalation of a diplomatic row between the EU and China could imperil a market-access deal meant to be the cornerstone of future relations between Brussels and Beijing, Facebook’s CEO prepares for a grilling by US lawmakers over misinformation, and the Wall Street asset management group BlackRock has pushed for more diversity but now faces criticism for lack of an inclusive workplace. Sanctions row threatens EU-China investment dealhttps://www.ft.com/content/6b236a71-512e-4561-a73c-b1d69b7f4

Mar 24, 2021 • 9:46

Turkey investors shaken by central bank governor firing

Turkey investors shaken by central bank governor firing

Investor confidence in Turkey is shaken by the shock dismissal of the head of the central bank and the appointment of a new central banker with unorthodox ideas on how to tackle the country’s economic challenges, the increased production of the Covid-19 vaccine is creating shortages of other medicines, and Goldman Sachs bows to workplace complaints by junior bankers. Turkey’s lira tumbles after Erdogan sacks central bank chiefhttps://www.ft.com/content/6be3efd1-a8e9-47a8-abac-966db2d3cf93Push to

Mar 23, 2021 • 9:19

Global equities surge, Broadway woes, India tries to tackle job shortage with new hiring rules

Global equities surge, Broadway woes, India tries to tackle job shortage with new hiring rules

Investors have injected almost $170bn into global stocks over the past month, Broadway’s theatre workers are still waiting for curtains to lift, and India’s job shortage prompts the northern state of Haryana to adopt new rules that require companies to hire residents from that state.  Investors inject almost $170bn into global stocks in 4 week https://www.ft.com/content/88ab1525-02d3-4cf7-83ef-cfc00322d2b3?Outlook darkens for Europe’s virus-stricken economy https://www.ft.com/content/e818cea3-99

Mar 22, 2021 • 10:24

EU countries to restart AstraZeneca use, Biden's hardline on China, airline lift-off

EU countries to restart AstraZeneca use, Biden's hardline on China, airline lift-off

Europe’s biggest countries are set to resume using the Oxford/AstraZeneca coronavirus vaccine after the EU drugs regulator said the jab was safe, and the US is taking a tough stance as members from the Biden administration meet with Chinese officials in Alaska. Plus, the FT’s markets editor, Katie Martin, explains why investors are reboarding airline stocks. EU drugs regulator backs ‘safe and effective’ AstraZeneca vaccinehttps://www.ft.com/content/c83944d5-ad26-415f-bf34-1eba428beeb9US signals

Mar 19, 2021 • 10:31

Fed upgrades growth forecast, how Stripe became Silicon Valley’s most valuable company

Fed upgrades growth forecast, how Stripe became Silicon Valley’s most valuable company

Federal Reserve officials sharply upgraded their growth forecasts for the world’s largest economy, and Microsoft is investigating a recent cyber attack and whether security companies that it works with leaked details about vulnerabilities in its software. Plus, the FT’s global tech correspondent, Tim Bradshaw, explains how Stripe became Silicon Valley’s most valuable private company. Fed sharply upgrades US growth forecast to 6.5% for 2021https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f

Mar 18, 2021 • 9:03

EU to propose Covid-19 travel certificate, EU and US drift apart economically

EU to propose Covid-19 travel certificate, EU and US drift apart economically

Brussels is to propose the creation of a Covid-19 certificate to allow EU citizens to travel inside the bloc, and the UK’s Financial Conduct Authority is bringing money laundering charges against NatWest. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains how the economies of the US and EU are drifting apart. Brussels to propose Covid certificate to allow EU-wide travelhttps://www.ft.com/content/ed6e9de4-f48e-4d74-97d1-ee80ab8f1a2fFCA brings money laundering charges against NatWestht

Mar 17, 2021 • 9:58

China’s tech giants test way around Apple’s new privacy rules, US airline CEO optimism

China’s tech giants test way around Apple’s new privacy rules, US airline CEO optimism

US airlines are optimistic about the industry after more people flew in the US this past weekend than any time since the start of the pandemic, and companies are turning to tree planting to appeal to eco-conscious consumers. Plus, the FT’s Patrick McGee explains why some of China’s biggest technology companies  are testing a tool to bypass Apple’s new privacy rules.  China’s tech giants test way around Apple’s new privacy ruleshttps://www.ft.com/content/520ccdae-202f-45f9-a516-5cbe08361c34US air

Mar 16, 2021 • 9:20

Stripe valuation soars to $95bn, businesses in the pandemic, private data use in the pandemic

Stripe valuation soars to $95bn, businesses in the pandemic, private data use in the pandemic

The payments provider, Stripe, is now worth $95bn after its latest round of fundraising, and more than 4.4m Americans have created businesses during the pandemic. Plus, the FT’s innovation editor, John Thornhill, gives highlights from the latest episode of his Tech Tonic podcast, which looks at two countries where citizens have been comfortable with how their government used some of their private data during the pandemic. Stripe valuation soars to $95bn after latest fundraisinghttps://www.ft.com

Mar 15, 2021 • 10:24

Australia vaccine funding, Sinopharm’s global push, ECB accelerates stimulus

Australia vaccine funding, Sinopharm’s global push, ECB accelerates stimulus

Canberra is contemplating investing in a A$1bn biopharmaceutical plant to reduce its dependence on imports of critical medicines, China’s state-backed pharmaceutical group, Sinopharm, wants more governments to buy its Covid-19 vaccine, and Spain is set to become the first EU country to amend its laws to give some gig economy workers employee rights. Plus, the FT’s markets editor, Katie Martin, explains why the European Central Bank will accelerate its bond buying programme.  Australia considers

Mar 12, 2021 • 10:49

Martin Wolf looks back at the pandemic one year later

Martin Wolf looks back at the pandemic one year later

President Joe Biden is eyeing a multi-trillion-dollar infrastructure package for the US. Plus, the FT’s chief economics commentator, Martin Wolf, examines how well governments and economic policymakers have handled the economic crisis stemming from the coronavirus pandemic.  See acast.com/privacy for privacy and opt-out information.

Mar 11, 2021 • 9:40

US congress to vote on $1.9tn stimulus bill, scaling up green hydrogen, Coupang’s IPO

US congress to vote on $1.9tn stimulus bill, scaling up green hydrogen, Coupang’s IPO

The OECD said on Tuesday that president Joe Biden’s $1.9tn US stimulus programme will boost the global economic recovery, the pandemic is being blamed for lower birth rates across Europe, and the IPO of South Korean ecommerce group, Coupang, is being clouded by worker deaths. Plus, the FT’s energy correspondent, Nathalie Thomas, explains the current surge of interest in green hydrogen as an alternative to fossil fuels. Biden stimulus will boost global recovery, says OECDhttps://www.ft.com/conten

Mar 10, 2021 • 10:22

Tech stocks drag Wall Street lower, Greensill files for administration, Apollo merges with Athene

Tech stocks drag Wall Street lower, Greensill files for administration, Apollo merges with Athene

Stocks declined on Monday with shares of technology companies leading Wall Street lower, and the stricken supply chain financier, Greensill Capital, files for administration. Plus, the FT’s private capital correspondent, Mark Vandevelde, breaks down the $29bn merger between Apollo Global Capital and Athene Holding. Wall Street dragged lower by tech stocks and pandemic beneficiarieshttps://www.ft.com/content/e4420f17-c0ac-4cd4-807d-4549f5de9bfa?Apollo to merge with Athene creating $29bn conglomer

Mar 9, 2021 • 10:57

ECB probes Greensill fallout, commercial property muddles through, TikTok in Myanmar

ECB probes Greensill fallout, commercial property muddles through, TikTok in Myanmar

The European Central Bank has asked lenders for details of their exposure to Greensill Capital and its key client GFG Alliance, US president Joe Biden will hold a summit with Japan, India, and Australia to find ways to counter China’s influence, and TikTok is removing videos uploaded by Myanmar soldiers. Plus, the FT’s New York correspondent, Josh Chaffin, explains why lenders have been lenient towards commercial property owners during the pandemic. ECB quizzes banks over exposure to Greensill a

Mar 8, 2021 • 9:53

Powell’s comments send markets lower, oil rises on Opec+ moves, UK’s listing shake-up

Powell’s comments send markets lower, oil rises on Opec+ moves, UK’s listing shake-up

Federal Reserve chair Jay Powell triggered a sudden sell-off in long-term US Treasury debt and equities Thursday, and Opec and Russia have decided against unleashing a flood of crude on to the market. Plus, the FT’s markets editor, Katie Martin, explains how the UK is going about attracting new companies to the London stock exchange. Powell inflation comments send US stocks and bonds lower https://www.ft.com/content/1feb5449-76f0-4f67-85b2-ab03f05d5a65Oil jumps as Opec and allies decide against

Mar 5, 2021 • 10:50

The fall of Greensill Capital

The fall of Greensill Capital

Democratic leaders have reached a compromise on a deal that would limit who is eligible for $1,400 stimulus cheques. Plus, the FT’s capital markets correspondent Robert Smith unpacks the rapidly unfolding saga behind Greensill Capital and why the supply chain financier is on the verge of filing for insolvency. See acast.com/privacy for privacy and opt-out information.

Mar 4, 2021 • 10:22

Biden’s vaccine deal, more Ant troubles, Germany’s vaccine woes

Biden’s vaccine deal, more Ant troubles, Germany’s vaccine woes

President Joe Biden announced on Tuesday that the US would have enough doses of coronavirus vaccines for every adult by the end of May, global energy-related carbon emissions have rebounded from coronavirus lockdown levels, and Ant Group has shared just a fraction of its consumer data with China’s central bank, defying Beijing. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains why Germany’s vaccine rollout has gone slower than expected.  Biden says US will have enough jabs to vaccinate al

Mar 3, 2021 • 8:40

Dems warn against loosening bank capital requirements, Rupert Murdoch at 90

Dems warn against loosening bank capital requirements, Rupert Murdoch at 90

Two senior Democratic lawmakers have warned the Federal Reserve that it would be a “grave error” to extend looser capital requirements for US banks. ExxonMobil appointed two new board directors on Monday to placate activist shareholders and the former French president Nicolas Sarkozy was sentenced to three years in prison on Monday. Plus, the FT’s global media editor Alex Barker looks back on Rupert Murdoch’s media empire and what succession looks like for the mogul. Democratic senators call for

Mar 2, 2021 • 8:37

Sunak previews UK budget, von der Leyen warns of more pandemics, Lucid takes on Tesla

Sunak previews UK budget, von der Leyen warns of more pandemics, Lucid takes on Tesla

Chancellor Rishi Sunak is set to announce the UK’s budget on Monday and it includes a £5bn “restart” grant scheme, European Commission president Ursula von der Leyen warns that Europe could face an “era of pandemics,” and Japanese officials are preparing revisions to the country’s corporate governance code in an effort to change an inward looking corporate culture. Plus, the FT’s Patrick McGee explains how Lucid Motors will challenge Tesla in the electric vehicle market. Sunak to give £5bn boost

Mar 1, 2021 • 9:13

Bond sell-off roils markets, ex-Petrobras chief hits back, Ghana’s first Covax vaccines

Bond sell-off roils markets, ex-Petrobras chief hits back, Ghana’s first Covax vaccines

The yield on the benchmark 10-year Treasury exceeded 1.5 per cent for the first time in a year and the outgoing head of Petrobras warns Brazil’s President Jair Bolsonaro against state controlled fuel prices. Plus, the FT’s Africa editor, David Pilling, discusses the Covax vaccine rollout in low-income countries. Wall Street stocks sell off as government bond rout accelerateshttps://www.ft.com/content/ea46ee81-89a2-4f23-aeff-2a099c02432cOusted Petrobras chief hits back at Bolsonaro https://www.ft

Feb 26, 2021 • 10:48

GameStop returns, Myanmar banks, Texas power politics

GameStop returns, Myanmar banks, Texas power politics

GameStop’s share price doubled in the final 90 minutes of trading on Wednesday, partners at the consultancy McKinsey have voted to remove Kevin Sneader from his post as global managing partner, and Myanmar’s banking system has ground almost to a halt as employees joined protests against the military coup. Plus, climatologist Michael Mann explains why wind power is not to blame for power failures in Texas during the recent cold snap.GameStop shares double in final 90 minutes of trading dayhttps:/

Feb 25, 2021 • 10:05

Powell signals hope for ‘more normal conditions’, US Russia sanctions, HSBC’s pivot east

Powell signals hope for ‘more normal conditions’, US Russia sanctions, HSBC’s pivot east

Federal Reserve chairman Jay Powell spoke to Congress on Tuesday and indicated the central bank would maintain its ultra-loose monetary policy, the Biden administration is planning a broad package of measures to punish Moscow for the SolarWinds hack, and holiday bookings in the UK surged after Prime Minister Boris Johnson announced a plan for easing the coronavirus lockdown. Plus, the FT’s banking editor, Stephen Morris, explains why the global bank HSBC is pivoting back to its roots in As

Feb 24, 2021 • 10:30

Tech stocks fall on inflation fears, Brazil’s oil intervention, Big Tech goes green

Tech stocks fall on inflation fears, Brazil’s oil intervention, Big Tech goes green

The Nasdaq Composite closed 2.5 per cent lower on Monday as rising inflation expectations undercut arguments for tech stocks’ high valuations, Brazilian markets were rattled after president Jair Bolsonaro removed the head of Petrobras, and American rapper Jay-Z signs a big champagne deal with LVMH. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explains how Big Tech companies became one of the world’s largest supporters of green energy. Global stocks fall on nerves over

Feb 23, 2021 • 9:33

Johnson’s plan to lift lockdown, McKinsey leadership vote, UK probes Big Tech

Johnson’s plan to lift lockdown, McKinsey leadership vote, UK probes Big Tech

UK prime minister, Boris Johnson, is set to lay out a road map for lifting England’s lockdown, HSBC is accelerating its “pivot to Asia”, and McKinsey’s 650 senior partners have begun voting on whether Kevin Sneader should serve a second term at the helm of the business consultancy. Plus, the UK’s competition watchdog is planning new probes on Big Tech companies. The FT’s Brussels correspondent, Javier Espinoza talks to Andrea Coscelli, the head of the UK’s Competition and Markets Authority. Scho

Feb 22, 2021 • 10:02

Macron’s FT interview, GameStop hearing, oil rises and US Treasuries tumble

Macron’s FT interview, GameStop hearing, oil rises and US Treasuries tumble

In an exclusive interview with the FT, French president Emmanuel Macron urges wealthy countries to help poorer ones access coronavirus vaccines, and US lawmakers grill key players in the GameStop trading saga. Plus the FT’s markets editor Katie Martin explains why a sell off in US government bonds could threaten Wall Street’s record run. US bond sell-off stirs warnings over stock market strengthhttps://www.ft.com/content/00c99cd2-7f9a-4a37-bb20-ce8d96f2527fRobinhood chief apologises over GameSto

Feb 19, 2021 • 11:22

Facebook bans content sharing in Australia, Texas battles cold, China’s digital currency

Facebook bans content sharing in Australia, Texas battles cold, China’s digital currency

Facebook has defied Australia’s push to make Big Tech pay for news by banning the sharing of content on its platform in the country, the oil and gas industry in Texas has buckled under the strain of a blast of Arctic weather, and three North Korean computer programmers have been charged over a cyber-hack spree. Plus, the FT’s global China editor, James Kynge, explains how Beijing’s digital currency is doubling as a surveillance tool for the state.News Corp agrees deal with Google on payments for

Feb 18, 2021 • 10:47

China’s rare earth mineral exports, Hong Kong stock trading, Amsterdam Spacs

China’s rare earth mineral exports, Hong Kong stock trading, Amsterdam Spacs

China is exploring limits on exports of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets, and stock trading volumes in Hong Kong have soared to four times those on London’s main exchange. The FT’s markets reporter, Nikou Asgari, explains why Amsterdam is becoming the European capital for Spacs. Plus, Chicago’s storied Second City comedy club may have a buyer. China targets rare earth export curbs to hobble US defence industryhttps://www.ft.com/content/d3ed83

Feb 17, 2021 • 9:19

Biden’s stimulus push, Texas blackouts, warehouse automation

Biden’s stimulus push, Texas blackouts, warehouse automation

President Joe Biden heads to Wisconsin to sell his stimulus plan, and the cold snap in Texas tests the state’s freewheeling electricity model. The pandemic’s online shopping surge has led to more warehouse automation, but that is making some human jobs tougher. Plus, Russian discount retailer Fix Price is planning a London stock market listing that could value the company at more than $6bn.Biden steps up stimulus pitch in bid to seal deal with Congresshttps://www.ft.com/content/1c172f12-87c0-4fd

Feb 16, 2021 • 9:49

EU to allow UK data flow, commodities boom, China's box office

EU to allow UK data flow, commodities boom, China's box office

Brussels is set to allow data to continue to flow freely from the EU to the UK. In Argentina, the country’s powerful vice president wants to postpone a crucial $44bn debt deal with the IMF until the pandemic has eased. Commodities such as oil and copper may be entering a new ‘supercycle’ of higher prices. Plus, in China, at least, people are still going out to the movies.  Brussels to allow data to continue to flow to UKhttps://www.ft.com/content/43ed5e0a-7b0a-40db-800f-6f3b9c58b9a8Argentina’s p

Feb 15, 2021 • 8:52

Europe’s IPO boom, Bitcoin hits new record, China’s corn spree

Europe’s IPO boom, Bitcoin hits new record, China’s corn spree

Europe’s IPO market is off to its strongest start in five years thanks to a flurry of tech and ecommerce listings, Disney continues to attract subscribers to its streaming service, and China’s massive corn purchases have sent the price of the crop soaring. And the FT’s markets editor, Katie Martin, shares her thoughts on Elon Musk’s excitement over cryptocurrencies and whether it will spur wider adoption of digital currencies.  European IPOs mark best start to year since 2015 with €8bn haulhttps

Feb 12, 2021 • 10:45

Amsterdam becomes Europe’s trading hub, AstraZeneca vaccine to help poor countries, Italy’s recovery fund

Amsterdam becomes Europe’s trading hub, AstraZeneca vaccine to help poor countries, Italy’s recovery fund

Amsterdam surpassed London as Europe’s largest share trading centre last month, Federal Reserve chairman Jay Powell has pledged to keep monetary policy loose to support the struggling US labour market, and the World Health Organization recommended the use of the Oxford/AstraZeneca vaccine for all adults. Plus, Italy will receive €200bn from the EU’s coronavirus recovery fund to help revive its economy. The FT’s Brussels bureau chief, Sam Fleming, explains what is at stake for Italy and the EU.Am

Feb 11, 2021 • 8:20

Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows

Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows

Twitter’s user growth fell short of expectations for the second quarter in a row, more than 70 investors call on Amazon to stop interfering with a unionisation effort, and Huawei asks a US court to overturn the Federal Communication Commission ruling that labels the telecoms company a security threat. Plus, the FT’s global China editor, James Kynge, explains how US-China investment continues despite political tension.Twitter warns of slowing user growth as pandemic surge fades https://www.ft.com

Feb 10, 2021 • 10:19

EU wants Big Tech to pay for news, Tesla’s bitcoin investment, SoftBank Vision Fund makes big gains

EU wants Big Tech to pay for news, Tesla’s bitcoin investment, SoftBank Vision Fund makes big gains

EU lawmakers want to force Big Tech companies to pay for news, echoing a similar move in Australia, Tesla’s $1.5bn investment in bitcoin sends the cryptocurrency to record highs, and oil hits $60 a barrel for the first time in a year. Plus, the FT’s Tokyo correspondent, Kana Inagaki, explains what drove SoftBank’s Vision Fund to have its best quarter in four years. EU ready to follow Australia’s lead on making Big Tech pay for newshttps://www.ft.com/content/4c40c890-afd3-40a3-9582-78a66c37a8afTe

Feb 9, 2021 • 8:15

TikTok ecommerce push, Cuba invites private business, a new green world order

TikTok ecommerce push, Cuba invites private business, a new green world order

TikTok plans to expand into ecommerce in the US to compete with Facebook, Cuba has announced it will open most of the economy to private business, and Mercedes-Benz says by 2030 it will make as much from its electric cars as it does from its luxury combustion engine models. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, looks at the global shift to renewable energy and how it could change the geopolitical landscape.TikTok takes on Facebook with US ecommerce pushhttps://w

Feb 8, 2021 • 9:09

Carmakers’ chip woes, UK directors face liability rules, Japan’s job-creating robots

Carmakers’ chip woes, UK directors face liability rules, Japan’s job-creating robots

German carmakers are considering their own semiconductor stockpiles to avoid supply chain troubles, the UK government could soon hold directors personally liable for the accuracy of their companies’ financial statements, and CVC Capital Partners eyes a minority stake in one of the NBA’s most valuable teams. Plus, the FT’s Asia business editor, Leo Lewis, explains how robots in Japan are boosting employment.  Carmakers consider supply chain overhaul to avert more chip criseswww.ft.com/content/3ec

Feb 5, 2021 • 9:17

Nvidia-Arm antitrust probes, Australia takes on Google, discount retailers thrive

Nvidia-Arm antitrust probes, Australia takes on Google, discount retailers thrive

The EU and the UK are set to open probes into Nvidia’s $40bn acquisition of chip designer Arm, Microsoft looks to capitalise on Google’s threat to shut its search engine in Australia, and Mario Draghi accepts the mandate to form Italy’s next government. Plus, the FT’s retail correspondent, Jonathan Eley, explains how bargain retail is surging during the pandemic. UK and EU to open in-depth probes into Nvidia’s $40bn acquisition of Armwww.ft.com/content/a3adccc9-678e-44ef-bdb5-e847ecb7de8cAustral

Feb 4, 2021 • 10:19

Bezos to step aside, Draghi set for Rome, Myanmar’s Aung San Suu Kyi house arrest

Bezos to step aside, Draghi set for Rome, Myanmar’s Aung San Suu Kyi house arrest

Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman of the ecommerce group, Italy’s president is expected to ask former European Central Bank president, Mario Draghi, to begin talks to form a new Italian government of national unity, and the price of silver retreated on Tuesday after a surge last week. Plus, the FT’s John Reed, explains what the military coup in Myanmar means for the country. Amazon’s Jeff Bezos to step aside as chief executive this yea

Feb 3, 2021 • 11:22

US threatens Myanmar sanctions, Robinhood raises $2.4bn, Kuaishou’s IPO

US threatens Myanmar sanctions, Robinhood raises $2.4bn, Kuaishou’s IPO

Joe Biden has threatened to impose sanctions on Myanmar after the military seized power in a coup, and Robinhood raises another $2.4bn to shore up finances strained by turbulent trading. Plus, the FT’ Beijing bureau chief, Ryan McMorrow, explains the popularity of TikTok’s big rival in China, Kuaishou, which goes public this week. US threatens sanctions on Myanmar after military coupft.com/content/1934605c-ecf1-4e7b-aac7-45ad8031b879?Robinhood raises $2.4bn in second cash injection in four daysh

Feb 2, 2021 • 9:29

Reddit traders eye silver, Republicans float smaller relief bill, Mance talks to Bellingcat founder

Reddit traders eye silver, Republicans float smaller relief bill, Mance talks to Bellingcat founder

Reddit traders have targeted silver markets after piling into GameStop shares last week, and Republicans in the US Senate float a stimulus deal a third the size of president Joe Biden’s plan. Plus, the FT’s chief features writer, Henry Mance, spoke with the founder of the internet investigative group Bellingcat and shines a light on the trailblazing group. Reddit traders switch sights to silver after equities attackft.com/content/d46e8623-09af-4a1f-b7e5-207616388b0f?GameStop mania: why Reddit tr

Feb 1, 2021 • 10:23

EU vaccine shortage, Reddit traders challenge establishment, North Korea defector

EU vaccine shortage, Reddit traders challenge establishment, North Korea defector

The EU’s Covid-19 vaccination plan is nearing a crisis point after several regions suspended inoculations over the shortage of jabs, and amateur day traders are challenging the financial establishment. Plus, the FT’s Seoul correspondent, Ed White, tells us how a North Korean defector is exposing the effect that sanctions are having on Kim Jong Un's regime"Shortfall in jabs pushes EU vaccine drive to crisis pointhttps://www.ft.com/content/1b2afe60-b5e6-456d-98e0-313fe664d0b9Occupy Wall Street spi

Jan 29, 2021 • 10:02

Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability

Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability

The Biden administration says it is “monitoring the situation” as shares in companies including GameStop, AMC and BlackBerry surged in trading on Wednesday. Meanwhile, Wall Street’s big indexes dropped after Federal Reserve chairman Jay Powell described a weakening in the recovery of the US economy, and China’s Covid-19 vaccine makers are having no problem meeting demand. Plus, the FT’s investment correspondent, Attracta Mooney, has been following BlackRock’s sustainability efforts and reports o

Jan 28, 2021 • 10:00

EU vaccine export tensions, a serious look at stock prices, India’s farmers

EU vaccine export tensions, a serious look at stock prices, India’s farmers

Facing a shortfall in vaccine supplies and slow pace of vaccinations, the EU is debating how to restrict exports of coronavirus vaccines, India’s farmers are angry about agricultural reforms that could erode the state-run model and boost private agribusiness, and the plant-based food company Beyond Meat partners with Pepsico. Plus, a serious look at silly prices in the stock market with the FT’s markets editor, Katie Martin. Germany presses Brussels for powers to block vaccine exportshttps://www

Jan 27, 2021 • 9:51

Spac mania, Apollo’s Leon Black steps down, what’s fuelling the Russia protests

Spac mania, Apollo’s Leon Black steps down, what’s fuelling the Russia protests

Companies have launched a $400bn fundraising blitz in the first three weeks of 2021 as government and central bank stimulus cascades across capital markets. Leon Black is to retire as chief executive of Apollo Global Management; the announcement came as Apollo revealed the conclusion of a review into Mr Black’s relationship with the late paedophile Jeffrey Epstein. Plus, Henry Foy on what’s fuelling Russia’s Navalny protests and Tom Mitchell on Zoom’s warning for other companies in China. Compan

Jan 26, 2021 • 9:54

US takes a hard line on Russia, Congress weighs stimulus, the way forward for Waymo

US takes a hard line on Russia, Congress weighs stimulus, the way forward for Waymo

The US has signalled a more confrontational stance toward Russia after Moscow cracked down on protesters over the weekend. In Congress, Democrats have said they want a deal on President Biden’s $1.9tn stimulus plan before taking up Donald Trump’s impeachment trial in the Senate. The WHO warns richer countries that they face a hit to their own recoveries if they fail to help the developing world roll out vaccines, and the technology for self-driving cars continues to be a grind. US demands releas

Jan 25, 2021 • 10:14

Next steps for US returning to the Paris climate accord, ECB bond-buying shift, global art market outlook

Next steps for US returning to the Paris climate accord, ECB bond-buying shift, global art market outlook

President Joe Biden has moved to have the US rejoin the Paris climate accord, but becoming a leader in lowering carbon emissions will not be so easy. Then, a look at how the European Central Bank is bracing for the latest phase of the pandemic-induced economic crisis. Plus, the FT’s art market columnist, Melanie Gerlis, explains how auction houses and galleries are surviving and adapting to the pandemic. The US will rejoin the Paris climate accord — what happens now?ft.com/content/81dd2826-55b6-

Jan 22, 2021 • 10:02

Business sends Biden a message, Vestager warns against patchwork tech regulation across Europe

Business sends Biden a message, Vestager warns against patchwork tech regulation across Europe

Company leaders have warned they will fight Biden Administration moves to raise corporate taxes and tighten regulation, and earnings reports show that big US banks had a strong end to 2020 thanks to trading. Plus, the FT’s Javier Espinoza continues his conversation with the European Commission’s competition and digital policy chief, Margrethe Vestager, about the future of big tech regulation. Business to Biden: prepare for a fight over tax and minimum wagehttps://www.ft.com/content/7027014e-9478

Jan 21, 2021 • 11:22

Biden inauguration, Yellen urges Congress to ‘act big’ on stimulus, top EU official on tech regulation goals

Biden inauguration, Yellen urges Congress to ‘act big’ on stimulus, top EU official on tech regulation goals

Joe Biden faces a long list of challenges after he is sworn in as the 46th US president today, Mr Biden’s nominee to serve as Treasury secretary, Janet Yellen, told Congress to “go big” on stimulus during her Senate confirmation hearing on Tuesday, and a US court has struck down the pro-coal power sector rules set by the outgoing president, Donald Trump. Plus, the FT’s Javier Espinoza speaks with Margrethe Vestager, the EU’s executive vice-president in charge of digital policy, about the future

Jan 20, 2021 • 10:46

China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued

China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued

The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as the pandemic disrupts global trade, Russian opposition activist Alexei Navalny has been sent to prison just a day after returning to his home country despite international demands to release him, and Italian prime minister Guissepe Conte faces a crunch confidence vote by lawmakers today. Plus, the FT’s US investment editor, Michael MacKenzie, explains why the chief executive of Brookfield Asset manag

Jan 19, 2021 • 9:29

Pompeo’s policy blitz, Merkel’s heir apparent, tech boom reshapes cities

Pompeo’s policy blitz, Merkel’s heir apparent, tech boom reshapes cities

Thousands of National Guard troops are being deployed to Washington to safeguard the capital for the inauguration of Joe Biden. The president-elect is already planning which executive orders he will sign, but there is still time for President Trump’s secretary of state to leave his mark on foreign policy. Germany’s ruling party, the Christian Democratic Union, has a new leader to replace Angela Merkel. Plus, the FT’s Tim Bradshaw reports that the pandemic tech boom is leaving cities with better

Jan 18, 2021 • 9:38

Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor

Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor

Joe Biden plans to ask Congress for a $1.9tn economic rescue package, Federal Reserve chairman Jay Powell assures markets that asset purchases will continue, four big US banks report quarterly earnings, and far-right groups find alternative internet platforms to rally for further unrest. Plus, the FT’s Guy Chazan on who is vying to replace Angela Merkel as leader of Germany’s ruling party. Biden to push $1.9tn stimulus for pandemic-battered US economyhttps://www.ft.com/content/05e07e0d-1f2a-45da

Jan 15, 2021 • 9:39

US House impeaches Trump again, Jack Ma vs Xi Jinping, NYC cuts ties with the Trump Organization

US House impeaches Trump again, Jack Ma vs Xi Jinping, NYC cuts ties with the Trump Organization

Donald Trump has become the first US president in history to be impeached twice, New York City cuts business ties with the Trump Organization, and the City of London has a post-pandemic recovery plan. Plus, the FT’s Beijing bureau chief, Tom Mitchell, explains what the clash between Jack Ma and Beijing means for China’s private sector. Donald Trump is impeached for second timehttps://www.ft.com/content/fc81c3df-f6c0-47c2-8efc-5a14d511f7e7New York City is latest to cut ties with Trump businessesh

Jan 14, 2021 • 9:58

WhatsApp battles privacy concerns, China tech worker concerns, Microsoft Teams

WhatsApp battles privacy concerns, China tech worker concerns, Microsoft Teams

Facebook-owned WhatsApp is scrambling to stave off privacy concerns following a recent update to its terms of service; greenhouse gas emissions in the US rose less in 2020 than in any year since the second world war; China’s fast-growing tech industry is in the spotlight for harsh working conditions. Plus, the FT’s Richard Waters reports on the growth of Microsoft Teams and what it could mean for the future of online work.What’sApp fights back as users flee to Signal and Telegram https://www.ft.

Jan 13, 2021 • 10:31

US businesses pull political donations, SolarWinds hack developments, Turkey’s quest for power

US businesses pull political donations, SolarWinds hack developments, Turkey’s quest for power

U-S corporations are reviewing their political donations after the attack on the Capitol building, and research has found the huge global cyber espionage campaign discovered last month was carried out using tools similar to those developed by known Russian hacking group, Turla. Plus, the FT’s Turkey correspondent, Laura Pitel, explains how Recep Tayyip Erdogan’s aggressive foreign policy moves have left Ankara isolated from the west. Corporate American pulls political donations after assault on

Jan 12, 2021 • 10:25

Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual

Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual

Technology companies are blocking President Donald Trump from their platforms, renters fleeing U-S cities are straining the market for  mortgage-backed securities, and Europe tries to enforce its investment deal with China. Plus, the Consumer Electronics Show kicks off, virtually.Twitter vs Trump: has Big Tech gone too far?ft.com/content/6df12c33-e7a3-482b-92da-8c3549789a6b?Fading allure of urban life leaves dent on US mortgage bonds ft.com/content/67cb87c0-ef93-410f-90bc-60ffaf42af5e?EU and Chi

Jan 11, 2021 • 10:34

Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement

Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement

President Trump concedes power for the first time and calls for an orderly transition: the FT’s US managing editor Peter Spiegel looks at how Joe Biden can unite a divided nation; global markets have continued rising despite the chaos in Washington; Boeing agrees to pay $2.5bn to resolve a criminal charge stemming from the 737 Max crashes; and counter-culture icon Neil Young cashes in on the music streaming boom. Democratic leaders call on Pence to force Trump from White House https://www.ft.com

Jan 8, 2021 • 9:47

How a mob of Trump supporters interrupted the transfer of power

How a mob of Trump supporters interrupted the transfer of power

Congressional leaders reconvened on Wednesday night to certify Joe Biden’s victory in November’s presidential election, defying pro-Trump rioters who attempted to scupper the process by storming the Capitol earlier in the day. The FT’s US managing editor, Peter Spiegel, reports on a frantic day in Washington. Further reading:Angry mobs of Trump supporters interrupt transfer of powerhttps://www.ft.com/content/9a37c259-f7c8-4cca-9a00-83e7e5b9287d‘Blue wave’ trade back on after Georgia Senate pollh

Jan 7, 2021 • 10:54

Saudi Arabia’s oil cut pledge, Qatar and Saudi Arabia end dispute, businesses tied to rebelling Republicans

Saudi Arabia’s oil cut pledge, Qatar and Saudi Arabia end dispute, businesses tied to rebelling Republicans

Saudi Arabia pledged to cut an extra 1m barrels a day of oil output in February and March, and also has agreed to end its dispute with Qatar. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why businesses are making their voices heard when it comes to the Republican rebellion against the outcome of the presidential election. Saudis pledge to cut oil output despite Russian increasesft.com/content/c5468924-5383-4717-81c8-5d0658748f31?Saudi Arabia and allies to restore ties w

Jan 6, 2021 • 10:18

Covid-19 shakes US equities, OECD warns against post-pandemic austerity

Covid-19 shakes US equities, OECD warns against post-pandemic austerity

US equities had their worst day since October as spiking coronavirus cases and lockdowns shook investors, nearly €6bn of EU share dealing shifted away from London in the first trading day after Brexit, and China’s currency has rallied to its highest level in more than two years. Plus, the FT’s economics editor, Chris Giles, explains why the OECD’s top economist wants governments to rethink their constraints on public spending. EU shares trading flees London on First day after full Brexithttps://

Jan 5, 2021 • 8:36

Business after Brexit, extended lockdowns in Europe, Bitcoin’s rise

Business after Brexit, extended lockdowns in Europe, Bitcoin’s rise

Businesses face a wave of new bureaucracy and checks at ports now that the UK is officially outside of the EU’s single market and customs union, European countries debate more restrictions aimed at containing the spread of coronavirus, and law firms ditch their UK trophy offices. Plus, the FT’s deputy markets news editor, Ian Smith, tells us about Bitcoin’s latest milestone. European countries set to extend lockdowns as Covid cases surgehttps://www.ft.com/content/3292fc38-7945-4d7e-b8ed-582146eb

Jan 4, 2021 • 9:44

Brexit watch, China-Australia tensions, 2020 corporate winners and losers

Brexit watch, China-Australia tensions, 2020 corporate winners and losers

Britain and the EU were finalising a historic post-Brexit agreement on Wednesday night.  Plus, Beijing’s market regulator has announced an antitrust investigation into Alibaba, China’s ban on Australian coal exports is hurting its companies, and the FT’s US business editor, Andrew Edgecliffe-Johnson, looks at 2020’s corporate winners and losers as well as who might rebound in 2021. Britain and EU poised to announce Christmas Eve Brexit dealft.com/content/4993212f-25c8-479e-83d6-f7db3731d1be?Chin

Dec 24, 2020 • 10:56

France reopens border with UK, DoJ sues Walmart, an investigation into Pornhub’s secretive owner

France reopens border with UK, DoJ sues Walmart, an investigation into Pornhub’s secretive owner

France is set to reopen its borders with the UK to truck drivers who test negative for Covid-19, Boris Johnson and European Commission president Ursula von der Leyen aim for a Brexit trade deal by tonight, the US government sues Walmart for links to the opioid epidemic, and the botched launch of the video game Cyberpunk 2077 has prompted a shift by Sony. Plus, the FT’s consumer industries reporter, Patricia Nilsson, reveals how the dominant player in online porn operates its business.  France to

Dec 23, 2020 • 10:58

Investors unsettled by new coronavirus strain, UK coronavirus strain explained, SoftBank launches Spac

Investors unsettled by new coronavirus strain, UK coronavirus strain explained, SoftBank launches Spac

Global stock markets slipped and the price of oil declined on fears over the new strain of coronavirus sweeping through parts of Britain. The FT’s science editor, Clive Cookson, explains what scientists know about the strain and how it will affect efforts to beat the pandemic. Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets.Global stocks slip as new Covid strain unsett

Dec 22, 2020 • 9:27

EU travel bans, US stimulus, the City after Brexit

EU travel bans, US stimulus, the City after Brexit

Several EU countries have banned travel from the UK as scientists identify a new strain of Covid that is 70 percent more transmissable, in the US, lawmakers reached a deal on Sunday night over a new round of stimulus, and shopping sites delivering from China are rushing to build their own global freight networks. Plus, our Brexit editor asks whether the UK’s stock market can ever get its mojo back.Scientists alarmed at spread of Covid mutant https://www.ft.com/content/a0bef737-c763-447a-b1f3-064

Dec 21, 2020 • 8:26

Google hit with another antitrust case, Brexit fears lead to stockpiling, Fed stress tests

Google hit with another antitrust case, Brexit fears lead to stockpiling, Fed stress tests

Dozens of states and territories have launched the first US antitrust challenge to Google’s core search engine, and a surge of stockpiling by UK companies before the end of the Brexit transition period on January 1 has triggered road congestion in southern England and France. Plus, the FT’s Laura Noonan explains what we can expect out of the Federal Reserve’s stress test today and what they will tell us about US banks’s ability to handle the panemic. Google accused of abusing search monopoly as

Dec 18, 2020 • 10:38

Fed to extend debt purchases, US small businesses struggle, Robinhood hit with legal complaint

Fed to extend debt purchases, US small businesses struggle, Robinhood hit with legal complaint

The US central bank  says it will keep buying at least $120bn of debt a month until “substantial further progress has been made” in the recovery, US regulators have hit Luckin Coffee with a $180m penalty in an accounting fraud settlement, and Massachusetts launches legal action against the online trading app Robinhood. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why there is an uneven recovery in the US corporate landscape. Fed to extend debt purchases to boost flag

Dec 17, 2020 • 8:34

Spanish companies vie for EU recovery aid, UK nuclear plans

Spanish companies vie for EU recovery aid, UK nuclear plans

Spanish blue-chips have positioned themselves for tens of billions of euros in EU coronavirus aid, the UK is drawing up plans to turn London into a rival to Singapore as a hub for shipping companies, and online brokers are scrambling to hold on to customers acquired during a surge in account openings amid the pandemic. Plus, the FT’s energy correspondent, Nathalie Thomas, explains what a possible new nuclear power plant in England means for the UK’s clean energy goalsSpanish companies jostle for

Dec 16, 2020 • 10:08

SolarWinds software hijacked, Electoral College confirms Biden, Federal Reserve meeting preview

SolarWinds software hijacked, Electoral College confirms Biden, Federal Reserve meeting preview

Presidential electors confirmed Joe Biden as the winner of the 2020 US election, and the Federal Reserve is poised to issue new guidance extending its emergency bond-buying programme. Plus, the FT’s Hannah Murphy explains what the US is doing in response to an infiltration by “nation-state” hackers into secure IT systems. US orders emergency action after huge cyber security breachhttps://www.ft.com/content/3a635e09-221c-49af-a582-97bc4e803747Electoral College set to confirm Joe Biden as next US

Dec 15, 2020 • 9:10

Brexit talks get reenergized, US Covid-19 vaccine rollout, eurozone banks’ dividends

Brexit talks get reenergized, US Covid-19 vaccine rollout, eurozone banks’ dividends

US doctors could administer the first authorised coronavirus shot as soon as today, an EY anti-fraud team warned in 2018 that “red-flag indicators” at Wirecard pointed to potential accounting manipulation, and Europe’s top financial regulators are set to approve lender payouts within strict limits. Plus, Boris Johnson and Ursula von der Leyen agreed to extend negotiations for a UK-EU trade agreement. The FT’s Brexit editor, David Bond, explains how that might play out over the next few weeks. Jo

Dec 14, 2020 • 10:48

Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech

Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech

Boris Johnson has warned Britain to prepare for a no-deal Brexit, and Airbnb shares more than doubled on their first day of trading on Thursday. Plus, the FT’s Brussels correspondent, Javier Espinoza, explains why the EU is giving Big Tech companies an ultimatum when it comes to policing the internet. Correction: A previous version of this episode referred to Netscape as Microsoft's browser when it was in fact a rival. Internet Explorer is Microsoft's browser.Boris Johnson warns Britain to prepa

Dec 11, 2020 • 10:29

Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats

Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats

Boris Johnson and the EU have set a Sunday deadline for a “firm decision” on the fate of their future-relationship negotiations, the US Federal Trade Commission and 46 states have brought antitrust cases against Facebook, and DoorDash reached a market value close to $60bn in its public trading debut. Plus the FT’s global media editor, Alex Barker, looks at whether Disney’s push into streaming is enough to save the business. Sunday deadline set for ‘firm decision’ on Brexit talksft.com/content/fb

Dec 10, 2020 • 9:25

Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul

Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul

Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell. Shell executives quit amid discord over green pushft.com/content/053663f1-0320-4b83-be31-fefbc4

Dec 9, 2020 • 10:15

Johnson and Von der Leyen to meet on Brexit, Uber abandons plans for its own self-driving car, China’s overseas lending

Johnson and Von der Leyen to meet on Brexit, Uber abandons plans for its own self-driving car, China’s overseas lending

Boris Johnson is to travel to Brussels for make-or-break talks on a UK-EU trade deal, Uber will swap its self-driving car operations for a minority stake in Aurora, and China has drastically curtailed the overseas lending programme of its two largest policy banks. Plus, the FT’s Guy Chazan explains why there is so much at stake for Europe and German chancellor Angela Merkel during this week’s EU summit. Johnson to go to Brussels in search of way out of Brexit stalematehttps://www.ft.com/content/

Dec 8, 2020 • 10:42

Brexit trade talks on a knife-edge, Brussels urged to heed climate science, Covid vaccines in India

Brexit trade talks on a knife-edge, Brussels urged to heed climate science, Covid vaccines in India

Britain’s trade talks with the EU were on “a knife-edge” on Sunday, Brussels has been urged to stick to climate science when drawing up rules on sustainable finance, and doses of the coronavirus vaccine developed by AstraZeneca and the University of Oxford could be available for purchase in India as soon as March. Plus, the FT’s Brussels bureau chief, Sam Fleming explains how the UK’s departure from the EU will affect Europe. UK trade talks with EU on knife edge, says Irish premierhttps://www.ft

Dec 7, 2020 • 8:28

Brussels’s EU budget warning, Macron complicates Brexit deal, the ‘everything’ market rally

Brussels’s EU budget warning, Macron complicates Brexit deal, the ‘everything’ market rally

EU budget commissioner Johannes Hanes has warned Poland and Hungary that Brussels could cut them out of its recovery fund, British officials accused France of making new Brexit demands at the eleventh hour on Thursday, and Boeing clinched its first firm order for the 737 Max since the aircraft was grounded 20 months ago. Plus, the FT’s global financial correspondent, Robin Wigglesworth, explains what has been fuelling the rally in global equities and whether it can be stopped.Brussels warns Pola

Dec 4, 2020 • 10:00

Democrats support US stimulus plan, China invests in US tech, reaction to UK vaccine approval

Democrats support US stimulus plan, China invests in US tech, reaction to UK vaccine approval

Top Democrats have expressed support for a $908bn stimulus plan offered by a bipartisan group of US senators, the UK has become the first country to approve a Covid-19 vaccine, and Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals. Plus, the FT’s West Africa correspondent, Neil Munshi, explains why Nigeria’s richest residents are investing heavily in Africa’s biggest economy.  Top Democrats signal willingness

Dec 3, 2020 • 10:51

Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic

Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic

Airbnb disclosed on Tuesday that it could raise as much as $2.5bn in its initial public offering, and Brussels is still holding back on granting Britain a whole collection of Brexit rights and regulatory waivers. Plus, the FT’s Latin America editor, Michael Stott, explains why Jair Bolsonaro’s monthly subsidy to Brazilians is a double-edged sword. Airbnb looks to raise up to $2.5bn in IPOft.com/content/c5450812-c45d-4833-a99f-22a390e5d3e4EU keeps UK guessing on post-Brexit rightsft.com/content/e

Dec 2, 2020 • 9:26

Understanding eurozone inflation, Zoom sales up, Mnuchin and Powell testify before US Congress

Understanding eurozone inflation, Zoom sales up, Mnuchin and Powell testify before US Congress

The cost of many popular goods and services in the eurozone is rising far faster than the bloc’s overall depressed level of inflation, the video conferencing company Zoom continued to ride the boom in working and learning from home, and Eurozone finance ministers have struck an agreement to revamp the bloc’s bailout fund. Plus, the FT’s James Politi explains what is in store as Federal Reserve chair Jay Powell and US Treasury secretary Steven Mnuchin appear before the US Congress. Eurozone consu

Dec 1, 2020 • 9:00

EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem

EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem

The EU will call on the US to seize a “once-in-a-generation” opportunity to forge a new global alliance, the first coronavirus vaccine is on track for international deployment within weeks, and Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions. Plus, the FT’s Helen Warrell explains how the UK is trying to position itself as a global leader in defence. EU pitches new post-Trump alliance with US in face of China challengehttps://www.ft.com/conten

Nov 30, 2020 • 10:48

Is AI finally closing in on human intelligence?

Is AI finally closing in on human intelligence?

The company OpenAI has developed an extremely powerful machine-learning system that can rapidly generate text with minimal human input. The system is known as GPT-3 and it does everything from crafting an email to writing advanced fiction. However, the FT’s innovation editor, John Thornhill, explains, there are barriers and even a dark side to this tool. See acast.com/privacy for privacy and opt-out information.

Nov 27, 2020 • 9:40

Brexit financial services woes, Salesforce eyes Slack, Facebook’s ad troubles

Brexit financial services woes, Salesforce eyes Slack, Facebook’s ad troubles

Europe’s financial sector has reached “peak uncertainty” as regulators and banks rush to stave off the harshest effects of Brexit, cloud software company Salesforce is in talks to buy Slack, and Facebook allowed several thousand adverts and posts that violated UK law earlier this year. Plus, the FT’s economics editor, Chris Giles, explains why UK chancellor Rishi Sunak is warning of an ‘economic emergency’.Europe's finance sector braced for 'peak uncertainty' ahead of January Salesforce in talks

Nov 26, 2020 • 8:58

Markets rise on White House transition, France taxes US tech giants, bank dividends

Markets rise on White House transition, France taxes US tech giants, bank dividends

US stocks surged to new highs on Tuesday, alongside global equities, as the path for a smooth transition of power in the US cleared, French tax authorities have begun demanding millions of euros in extra tax from US tech giants, and an ECB executive says that eurozone banks could be allowed to pay dividends again if their balance sheets are in order. Plus, the FT’s Robin Harding explains why Japanese stamps are getting in the way of the country’s digitisation efforts. US stocks set record high a

Nov 25, 2020 • 9:58

Yellen likely choice for US Treasury, Peru’s century bonds, Oxford-AstraZeneca vaccine

Yellen likely choice for US Treasury, Peru’s century bonds, Oxford-AstraZeneca vaccine

US president-elect Joe Biden is poised to choose former Federal Reserve chair Janet Yellen as his Treasury secretary, Peru joins a select group of countries that has issued century bonds, and the number of US air travellers has ticked up ahead of US Thanksgiving. Plus, the FT’s Donato Paolo Mancini explains how the vaccine produced by Oxford University and AstraZeneca will play into the larger fight against the pandemic. Joe Biden poised to pick Janet Yellen as Treasury secretary https://www.ft.

Nov 24, 2020 • 10:03

Europe eases lockdowns for holidays, G20 on Covid-19 vaccines, China’s crackdown on misconduct

Europe eases lockdowns for holidays, G20 on Covid-19 vaccines, China’s crackdown on misconduct

European policymakers are preparing to relax Covid-19 lockdowns and “save Christmas”, G20 leaders pledged to “spare no effort” to ensure global access to Covid-19 vaccines, and Beijing has warned it will show “zero tolerance” for financial misconduct after several high-profile bond defaults by state-owned companies. Plus, the FT’s Peggy Hollinger explains how investors are handling Brexit. European nations plan cautious easing of lockdowns for Christmashttps://www.ft.com/content/5068cfce-a2fa-4d

Nov 23, 2020 • 8:16

WHO cautions against remdesivir, wildfires and wine, Venezuelan oil as a stranded asset

WHO cautions against remdesivir, wildfires and wine, Venezuelan oil as a stranded asset

The World Health Organization has recommended that doctors do not prescribe Gilead's remdesivir to patients in hospital with coronavirus, US Treasury secretary Steven Mnuchin has decided against extending several of the Federal Reserve’s emergency lending facilities, and online wine retailer, Naked Wines, has said that worsening wildfires are becoming a challenge for the industry. Plus, the FT’s Michael Stott explains why Venezuelan oil could become the world’s biggest stranded asset. WHO recomm

Nov 20, 2020 • 10:49

EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy

EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy

A new report from the EU’s external auditor has found Brussels failed to tame Big Tech because it moved too slowly, the US Federal Aviation Administration issues an order on Wednesday allowing Boeing’s 737 Max to fly again, and Wall Street analysts expect the arrival of a coronavirus vaccine will send the dollar sinking next year. Plus, the FT’s environment correspondent, Leslie Hook, explains why critics say Boris Johnson’s plan for a green economy falls short. EU has been too slow to tame Big

Nov 19, 2020 • 10:49

G20 nears funding boost for low-income countries, Amazon online pharmacy, FSB report

G20 nears funding boost for low-income countries, Amazon online pharmacy, FSB report

Saudi Arabia’s finance minister says the world’s richest countries are close to unlocking additional IMF funds for low-income nations, Amazon has launched an online delivery service offering big discounts for prescription medicine in the US, and Unilever is aiming to increase its annual sales of plant-based meat and dairy alternatives to €1bn in five to seven years. Plus, the FT’s US markets reporter, Colby Smith, explains why the Financial Stability Board is pinning hedge funds with some of the

Nov 18, 2020 • 9:07

Biden’s coronavirus warning, Airbnb readies for IPO, Saudi Aramco bonds

Biden’s coronavirus warning, Airbnb readies for IPO, Saudi Aramco bonds

US president-elect Joe Biden has warned that the country’s ability to handle Covid-19 could be hampered if Donald Trump does not allow a smooth transition of power, AirBnB published the prospectus for its long-awaited stock market listing on Monday, and the secretary general of the Basel committee of regulators has argued that shareholder payouts should remain on hold until the long-term impact of the pandemic is clear. Plus, the FT’s senior energy correspondent, Anjli Raval explains why Saudi A

Nov 17, 2020 • 10:15

UK’s weak household spending, Asia-Pacific trade deal, Biden’s Brexit impact

UK’s weak household spending, Asia-Pacific trade deal, Biden’s Brexit impact

A Financial Times analysis has found the UK’s weakness in international economic league tables during the coronavirus crisis reflects stretched household finances and potentially wasteful public spending, leaders from 15 Asia-Pacific countries have signed one of the biggest trade deals in history, and US banks are concerned over one of their most profitable business segments as consumers pay down their credit cards. Plus, the FT’s Arthur Beesley explains how US president-elect Joe Biden’s Irish

Nov 16, 2020 • 10:35

Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling

Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling

Data analytics company, Palantir, beat Wall Street forecasts in its first quarterly earnings since going public, the US Senate is preparing to vote on Judy Shelton, Donald Trump’s nominee to the Federal Reserve board, and Poland’s prime minister warns that his country’s parliament could shoot down the EU’s next seven-year budget. Plus, the FT’s Nordic and Baltic correspondent, Richard Milne, explains why Denmark is backtracking on its order to kill millions of mink. Palantir sales growth cheers

Nov 13, 2020 • 10:41

Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira

Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira

Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management. Key Johnson aide quits in Downing St power strugglehttp

Nov 12, 2020 • 10:59

Trump’s resistance, Lyft weighs delivery business, EU hits Amazon with antitrust charges

Trump’s resistance, Lyft weighs delivery business, EU hits Amazon with antitrust charges

Republicans have grown more assertive in giving cover to Donald Trump’s false claims that the US presidential election was stolen from him, Lyft has said it was in the “early days” of building a delivery business to take on Uber Eats and others, SoftBank is considering moving its Vision Fund unit to Abu Dhabi, and the European Union is hitting Amazon with antitrust charges. Plus, the FT’s Leila Abboud explains why European small shopkeepers are frustrated with the latest set of coronavirus lockd

Nov 11, 2020 • 10:51

Covid vaccine lifts stocks, Nikola’s legal bills pile up, India takes aim at Google

Covid vaccine lifts stocks, Nikola’s legal bills pile up, India takes aim at Google

A breakthrough in the race to find a vaccine for Covid-19 fuelled a broad global equity rally on Monday. The FT’s Joe Miller explains what this means for managing the pandemic. Plus, India’s competition watchdog has ordered an in-depth investigation into the tight links between Google’s mobile app store and its payment service, and electric truck start-up Nikola has acknowledged for the first time that it is under investigation by the US Department of Justice in the wake of fraud allegations. Pf

Nov 10, 2020 • 8:23

Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants

Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants

President-elect Joe Biden will face a power struggle between liberal and progressive Democrats, and how will a Biden administration handle a trade deal between the US and the UK? The FT’s Sebastian Payne and Aime Williams explain how the internal market bill plays an important role. Plus, shopping centre landlord Westfield is threatening tenants with legal action over unpaid rents. Biden faces power struggle between Democratic progressives and moderateshttps://www.ft.com/content/e922ddea-6665-42

Nov 9, 2020 • 10:49

Biden edges towards victory, Bank of England stimulus, Uber earnings miss

Biden edges towards victory, Bank of England stimulus, Uber earnings miss

Joe Biden edged closer to a presidential victory on Thursday night while Donald Trump claimed without evidence that the Democrats were trying to “steal” the election. Plus, the Federal Reserve kept monetary policy steady, the Bank of England took more robust measures as the UK entered a second coronavirus lockdown, and Uber missed Wall Street’s expectations on earnings in the third quarter despite reporting an uptick in its ride-sharing business. Donald Trump calls for vote counting to stop as U

Nov 6, 2020 • 9:36

Biden holds lead over Trump, US leaves Paris climate agreement

Biden holds lead over Trump, US leaves Paris climate agreement

Joe Biden won Wisconsin and Michigan on Wednesday in two critical victories that boosted his chances of winning the presidential election while the Trump campaign launched lawsuits to delay vote counting. Meanwhile, investors are now changing course after Democrats missed an opportunity for a blue wave. Plus, the FT’s environment correspondent, Leslie Hook, explains how the outcome of the election is crucial for global efforts to tackle climate change. Biden boosted by Wisconsin and Michigan win

Nov 5, 2020 • 9:42

US ballot count continues, Ant IPO stalls

US ballot count continues, Ant IPO stalls

The US presidential election appeared to be headed towards prolonged uncertainty as critical battlegrounds continued to count mail-in ballots. The FT’s Peter Spiegel reports on the early morning results, and Andrew Edgecliffe-Johnson explains what it means for business. Plus, China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO. Our Asia capital markets correspondent, Hudson Lockett, explains what happened. Follow the FT’s US election coverageh

Nov 4, 2020 • 10:11

US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble

US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble

US election day begins as Americans brace themselves for what could be a drawn-out result, Nvidia’s $40bn deal for the UK-based chip designer Arm is facing fresh problems in China, and Volkswagen will be within only “a gram or so” of tough new EU carbon emission limits. Plus, the FT’s US capital markets correspondent, Richard Henderson, explains which policies from Mr Trump and Joe Biden are most appealing to investors. Democrats fight back as Trump pledges to challenge result in courthttps://ww

Nov 3, 2020 • 10:20

Eurozone economic forecast sinks, UK businesses plea support, aerospace and Brexit

Eurozone economic forecast sinks, UK businesses plea support, aerospace and Brexit

Fresh lockdowns in Europe announced have triggered a flurry of downgrades to economic growth forecasts, and UK business leaders have called for more financial help from the government to support crisis-hit companies. Plus, the FT’s Peggy Hollinger explains how Brexit will affect an already hard hit aerospace industry.  Eurozone economic forecasts slashed as fresh lockdowns imposedhttps://www.ft.com/content/3269f590-1cac-411f-8320-110c91c1f12eBusiness seeks state support as it faces England lockd

Nov 2, 2020 • 11:00

Big tech earnings, US economic data, early voters pour in for US presidential election

Big tech earnings, US economic data, early voters pour in for US presidential election

Big tech companies reported mixed earnings for the most recent quarter, and Donald Trump is pointing to strong third-quarter GDP days before the US presidential election. Plus, the FT’s Washington Bureau chief Demetri Sevastopulo explains how early votes could affect election day. Google ad sales bounce back sharply from pandemic slumphttps://www.ft.com/content/07c22dcb-9747-4bd3-a01c-bb51d6e9e9bbDonald Trump touts economy to boost re-election bidhttps://www.ft.com/content/dbe15063-8955-42e2-a75

Oct 30, 2020 • 10:56

European lockdowns worry investors, China’s Five-Year plan

European lockdowns worry investors, China’s Five-Year plan

Stocks in Europe and the US dropped on Wednesday as Germany and France re-entered lockdowns to slow the spread of coronavirus. The FT’s Michael Peel explains how the European Commission is handling the latest wave of the virus. Plus, investors worry about its spread in Europe and the US, and China’s leadership discusses the country’s next Five-Year Plan.  Germany and France impose fresh curbs to slow Covid-19 spreadhttps://www.ft.com/content/cc928df5-8c4f-4b16-b5e8-78547069c9d5US stocks close do

Oct 29, 2020 • 10:30

Apple search, LVMH and Tiffany talk, social media testimony

Apple search, LVMH and Tiffany talk, social media testimony

Apple is stepping up efforts to develop its own search technology, Boris Johnson’s plan to flout international law over Brexit is set to be blocked by the House of Lords, LVMH is in talks to renegotiate its $16.6bn takeover of US jeweller Tiffany. Plus, the FT’s Kiran Stacey will explain why US Senators are going after big social media groups ahead of the US presidential election. Apple developing alternative to Google searchft.com/content/fd311801-e863-41fe-82cf-3d98c4c47e26Boris Johnson faces

Oct 28, 2020 • 11:03

US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery

US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery

US stocks on Monday notched their biggest one-day drop in a month on fears that rising coronavirus infections will dampen business activity, and European banks get a lift from equities revenue. Plus, the FT’s China corporate tech reporter, Ryan McMorrow, explains how Alibaba is making a push into a crowded grocery delivery field. Alibaba to pay $3.6bn to take control of Chinese supermarket chain Sun Arthttps://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51US stocks have worst day in a m

Oct 27, 2020 • 10:42

EU member states hesitate on recovery fund loans, upbeat Oxford vaccine trials, Brexit borders

EU member states hesitate on recovery fund loans, upbeat Oxford vaccine trials, Brexit borders

Pandemic-struck EU member states are worried about debt and are hesitant to reach for recovery fund loans, and a Covid-19 vaccine trial out of the University of Oxford and AstraZeneca has shown promise in a recent trial. Plus, the FT’s Peter Foster and Judith Evans explain what kind of complications will occur at the UK border after the Brexit transition period ends. Italy and Spain introduce new pandemic measuresft.com/content/8d14f560-427c-451f-90df-8b464901d190EU capitals hesitate over recove

Oct 26, 2020 • 10:17

Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic

Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic

Donald Trump and his Democratic challenger, Joe Biden, clashed over issues from the pandemic to foreign policy in their final presidential election debate. Then, the FT’s Demetri Sevastopulo will explain why local races in Texas and around the US could dictate the political make-up of the country for years to come. Plus, Gilead has received the first US regulatory approval for a Covid-19 drug, and Intel reported a decline in data centre revenues and said its earnings fell by nearly a quarter fro

Oct 23, 2020 • 10:42

US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos

US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos

The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crac

Oct 22, 2020 • 10:43

Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation

Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation

Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways. Netflix subscriber growth slows as lockdown boost fadeshttps://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02Snap reaps the bene

Oct 21, 2020 • 9:56

Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push

Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push

US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry. US stocks slide as stimulus deadline loomshttps://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2ConocoPhillips t

Oct 20, 2020 • 9:57

European double-dip recession concerns, Sunak dangles lockdown money, Brexit market

European double-dip recession concerns, Sunak dangles lockdown money, Brexit market

Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets. Europe’s economy is sliding t

Oct 19, 2020 • 10:45

Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election

Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election

The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election. Remdesivir has little effect on Covid-19 mortality, WHO study sayshttps://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94Summit ‘atmospherics not good’ as Brusse

Oct 16, 2020 • 10:12

Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics

Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics

France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season. Falling interest rates drag on Bank of America and Wells Fargo profitshttps://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b48

Oct 15, 2020 • 9:03

WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners

WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners

The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.EU given green light to hit US with tariffs in Airbus-Boeing rulinghttps://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483dePan

Oct 14, 2020 • 8:45

US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns

US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns

US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like. Wall Street rallies as angst over contested US election wanesh

Oct 13, 2020 • 9:38

EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress

EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress

EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks. EU targets Big Tech with ‘hit list’ facing tougher rulesft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783?Eme

Oct 12, 2020 • 9:25

A new cold war, whiskey in days

A new cold war, whiskey in days

Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey. How the US elite became hawks on Xi’s Chinahttps://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456Silicon Valley start-up launches ‘Nespresso machine’ for whiskyhttps://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb See

Oct 9, 2020 • 10:04

Lilly Covid drug, Vatican derivatives, UK mining corruption probe

Lilly Covid drug, Vatican derivatives, UK mining corruption probe

Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corpor

Oct 8, 2020 • 11:09

US stimulus talks end, Macy’s buys stake in Swedish fintech

US stimulus talks end, Macy’s buys stake in Swedish fintech

Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech. Trump calls off stimulus talkshttps://www.ft.com/content/9f130c9c-fb1e-4d05-8

Oct 7, 2020 • 10:00

Trump returns to White House, a fight over lithium batteries

Trump returns to White House, a fight over lithium batteries

Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States. Donald Trump returns to White House after three days in hospitalhttps://www.ft.com/content/4909a63c-8

Oct 6, 2020 • 11:57

Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world

Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world

Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.  Trump’s doctor says he could be out of hospital on Mondayhttps://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940Brexit and the City: Brussels’ new battle to rival Londo

Oct 5, 2020 • 11:02

Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio

Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio

Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election, US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election. US personal income falls after

Oct 2, 2020 • 10:55

Moderna CEO: no vaccine before US election, digitising Japan’s economy, west’s gold investment

Moderna CEO: no vaccine before US election, digitising Japan’s economy, west’s gold investment

Moderna Therapeutics’s chief executive told the Financial Times that the company would not have a vaccine ready before the US election, and Japan adjusts for a digital economy. Plus, the FT’s metals and mining correspondent, Henry Sanderson, explains how western investors’ interest in gold is driving up its price. Moderna chief says its vaccine won’t be ready before US electionhttps://www.ft.com/content/9b242ecc-3dce-4534-9171-cdf624468a2aJapan’s digital leap forward — and about time toohttps://

Oct 1, 2020 • 10:12

US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement

US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement

The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016. Joe Biden and Donald Trump clash in ill-mannered presidential debatehttps://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5EY whistleblower warned of Wirecard fraud four years before collapse ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0

Sep 30, 2020 • 10:55

Monday’s global equity market rebound, US voter suppression, 60/40 portfolio

Monday’s global equity market rebound, US voter suppression, 60/40 portfolio

European stocks lead a global rally on Monday driven by investors scooping up shares in beaten-down sectors, and Donald Trump is beating back allegations of tax avoidance and voter suppression ahead of tonight’s US presidential debate. Plus, the FT’s Michael MacKenzie will explain why investors are rethinking the traditional 60/40 portfolio. Financials lead global equity market reboundhttps://www.ft.com/content/f189b5b1-1e08-4ff1-9994-f1c89d9c1a79Biden portrays Trump as tax dodger after new reve

Sep 29, 2020 • 10:38

Argentina bonds back in hot water, Swiss immigration vote, Scottish independence

Argentina bonds back in hot water, Swiss immigration vote, Scottish independence

Argentina’s newly restructured dollar bonds have slumped in value less than a month after a deal was finalised to postpone debt payments, and Swiss voters have defeated a nationalist initiative to tear up their free-movement agreement with Brussels. Plus, the FT’s Mure Dickie explains how Scotland’s push for independence is influencing Brexit talks. Argentina bonds ‘back in hot water’ just weeks after restructuring dealft.com/content/fd786d9b-18b4-4ed3-a531-6af3d2eb5c24?Nicola Sturgeon revives p

Sep 28, 2020 • 9:55

US Supreme Court nomination, Trump will not commit to a peaceful transition of power

US Supreme Court nomination, Trump will not commit to a peaceful transition of power

The FT’s DC bureau chief Demetri Sevastopulo explains the politics behind Donald Trump’s soon to be revealed Supreme Court justice nominee. Plus, why Donald Trump will not commit to a peaceful transition of power and a preview of next week’s first presidential debate between Trump and Democratic nominee Joe Biden How Trump’s Supreme Court pick could reshape law on abortion and gunshttps://www.ft.com/content/de654768-67f5-482d-893b-24107b45113bDonald Trump steps up fight over Supreme Court nomine

Sep 25, 2020 • 10:40

EU to crack down on sweetheart corporate tax deals, TikTok injunction, Turkey central bank

EU to crack down on sweetheart corporate tax deals, TikTok injunction, Turkey central bank

Brussels steps up its campaign against sweetheart corporate tax deals in the EU, TikTok has asked a federal judge to prevent the Trump administration from blocking downloads of the video-sharing app, and the pandemic caused workers around the globe to lose more than $3.5tn of income. Plus, Turkey’s lira is struggling despite the government’s best efforts to lift the currency. The FT’s Laura Pitel explains if the country’s central bank can do anything about it. Brussels ready to clamp down on swe

Sep 24, 2020 • 9:15

Advertisers call truce with Facebook, coronavirus job toll, BoE on negative rates in near future

Advertisers call truce with Facebook, coronavirus job toll, BoE on negative rates in near future

Facebook, YouTube and Twitter have reached a deal with big advertisers on harmful content, the Covid-19 pandemic will destroy at least 100m jobs worldwide this year and the Bank of England rules out negative interest rates in the near future. Plus, the FT’s Brussels bureau chief, Sam Fleming, explains how the European Union is preparing its financial centers once the UK leaves the bloc. Advertisers strike deal with Facebook and YouTube on harmful contentft.com/content/d7957f86-760b-468b-88ec-aea

Sep 23, 2020 • 9:07

Stocks dive on Monday, Tiffany gets speedy trial, Tesla’s annual stockholder meeting

Stocks dive on Monday, Tiffany gets speedy trial, Tesla’s annual stockholder meeting

Global stocks suffered a heavy hit on Monday in a rush of nerves about potential new Covid-19 lockdowns, and LVMH’s attempt to walk away from its $16.6bn takeover of Tiffany will go to trial in January. Plus, the FT’s Richard Waters will explain what is in store for Tesla’s Battery Day today and whether the car company can fight off the competition. Global stocks sink on fears of new Covid lockdownshttps://www.ft.com/content/7da536fa-1e96-461c-8172-4aa6c5a8fa8eTiffany gets speedy trial over LVMH

Sep 22, 2020 • 8:48

UK weighs new lockdown, ECB measures bond buying program, Trump on Chinese tech

UK weighs new lockdown, ECB measures bond buying program, Trump on Chinese tech

Rishi Sunak is set to extend the Treasury’s UK-wide programme of business support loans ahead of what’s expected to be a challenging winter for Covid-19, the European Central Bank has launched a sweeping review of its main pandemic crisis-fighting tool, and Donald Trump has said that the new Oracle-ByteDance partnership will finance a “patriotic” education fund. Plus, the FT’s US energy editor Derek Brower will explain whether the poisoning of Russian activist Alexei Navalny will affect the comp

Sep 21, 2020 • 10:32

ByteDance pledges TikTok IPO, Mulvaney on Brexit, Biden tries to win with Latino voters

ByteDance pledges TikTok IPO, Mulvaney on Brexit, Biden tries to win with Latino voters

ByteDance has agreed to list TikTok on a US stock market at some point after its proposed partnership deal with American software group Oracle, and Donald Trump ’s special envoy to Northern Ireland has warned against creating a “hard border by accident”. Plus, the FT’s Demetri Sevastopulo explains why Democratic US presidential nominee Joe Biden is struggling with Latino voters. ByteDance proposes US IPO for TikTok to woo White Househttps://www.ft.com/content/8d2c74d6-d742-4fa9-b7cf-5af9bb85af6b

Sep 18, 2020 • 10:44

Fed eyes low rates until 2023, Trump calls for stimulus, Snowflake IPO

Fed eyes low rates until 2023, Trump calls for stimulus, Snowflake IPO

The Federal Reserve projects no interest rate increases until at least the end of 2023, and US President Donald Trump has urged Senate Republicans to increase the size of their stimulus proposal. Plus, the FT’s Miles Kruppa explains the excitement behind cloud computing company Snowflake's initial public offering. Fed signals rock-bottom rates until at least end of 2023https://www.ft.com/content/827302da-4257-4bbc-a0fa-9bc98f65d661Trump nudges Republicans to increase economic stimulus offerhttps

Sep 17, 2020 • 7:46

TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims

TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims

ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, FedEx delivered a forecast-beating fiscal first quarter on the back of strong demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy. Plus, the FT’s motor industry correspondent, Peter Campbell, explains how truckmaker start-up Nikola is defending itse

Sep 16, 2020 • 9:37

White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’

White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’

The Trump administration will review the “technical partnership” deal struck between Oracle and ByteDance before deciding whether to approve the agreement, Nvidia’s $40bn agreed purchase of Arm Holdings gives the US company control over a technology that powers everything from mobile devices to data centres, and a Volkswagen executive claims scandals such as “Dieselgate” could no longer pass undetected at Volkswagen. Plus, the FT’s venture capital correspondent, Miles Kruppa, explains what the T

Sep 15, 2020 • 9:46

SoftBank take-private talks, Netflix to outspend on content, economic stimulus in Germany vs France

SoftBank take-private talks, Netflix to outspend on content, economic stimulus in Germany vs France

SoftBank executives have revived discussions about taking the technology group private, and Netflix is expected to outspend all its major rivals on entertainment content this year. Plus, the FT’s Europe editor, Ben Hall, explains why France and Germany took different approaches to Covid-19 stimulus and why France’s might be considered more of a gamble.  SoftBank executives revive talks on taking Japanese group privateft.com/content/a83648a9-62fe-41d2-88e4-870fb2665b60?Netflix to take crown for s

Sep 14, 2020 • 10:42

Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite

Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite

Brussels has threatened legal action over the UK Brexit treaty breach, and Citigroup will become the first big Wall Street Bank to be run by a female chief executive after appointing Jane Fraser as Mike Corbat’s successor. Plus, the FT’s Tokyo Bureau chief, Robin Harding, will give us a glimpse of what Japan might look like under prime ministerial frontrunner Yoshihide Suga. Citi becomes first big Wall Street bank to be run by female CEO https://www.ft.com/content/029264f1-f9a6-44c4-aa3e-86c7d50

Sep 11, 2020 • 9:44

Wall Street keeps investing in China, ECB to discuss strong euro, LVMH vs Tiffany

Wall Street keeps investing in China, ECB to discuss strong euro, LVMH vs Tiffany

Some of Wall Street’s most powerful financial institutions are striking deals in China even as relations sour between Beijing and the US, and the European Central Bank will address the strong euro situation...without using its most effective tool. Plus, the FT’s James Fontanella-Khan on why LVMH says it can no longer complete a $16.6bn deal with US jewelry company, Tiffany. Wall Street brushes off political tensions to dig deeper into Chinahttps://www.ft.com/content/01f92c8b-11dc-431c-adaf-c299e

Sep 10, 2020 • 9:56

Apple countersues Epic Games, Slack revenue growth slowdown, Brexit friction

Apple countersues Epic Games, Slack revenue growth slowdown, Brexit friction

Workplace messaging app Slack forecast a sharp revenue slowdown in the current quarter from the loss of customers due to the economic downturn, Apple has countersued Epic Games and accused it of masquerading as a “modern corporate Robin Hood”, and a look at SoftBank’s role as the “Nasdaq whale”. Plus, the FT’s Peter Foster explains how the UK is in danger of jeopardizing its Brexit withdrawal agreement with the EU.  See acast.com/privacy for privacy and opt-out information.

Sep 9, 2020 • 8:46

How the world has changed six months into the coronavirus pandemic

How the world has changed six months into the coronavirus pandemic

It has been about six months since coronavirus shook the west. We’ll talk to the FT’s Gillian Tett and Hannah Kuchler about how the pandemic has changed the global economy and the medical industry community in such a short amount of time.  See acast.com/privacy for privacy and opt-out information.

Sep 8, 2020 • 10:00

US tech stocks volatility, Apple’s commits to free speech and human rights policy, US space weapons

US tech stocks volatility, Apple’s commits to free speech and human rights policy, US space weapons

The technology stocks that have powered US equities to record highs this summer went into sharp reverse on Thursday, and Apple has for the first time published a human rights policy that commits to respecting “freedom of information and expression”. Plus, the FT’s Katrina Manson will explain why the US military is eyeing a new generation of space weapons. US shares slide 3.5% as tech stocks go into sharp reversehttps://www.ft.com/content/acbd4efd-e8ef-4d16-bf0c-83fc4df83601Apple commits to freed

Sep 4, 2020 • 8:38

ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan

ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan

The euro’s rise has top policymakers at the European Central Bank worried, German logistics giant Deutsche Post DHL has warned that two-thirds of the world’s population is unlikely to have easy access to any Covid-19 vaccine that needs to be kept frozen, and KKR is doubling down on its operations in Japan. Plus, the FT’s Demetri Sevastopulo explains why US president Donald Trump is toning down his rhetoric on US-China trade issues. Rising euro has ECB worried about falling pricesft.com/content/c

Sep 3, 2020 • 9:02

Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar

Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar

Traders ratchet up bets on a particularly turbulent US presidential election and a potentially messy aftermath, Nicola Sturgeon revives plans for a possible second Scottish independence referendum, and black former McDonald’s franchisees are suing the fast-food group over discrimination allegations. Plus, the FT’s economics editor, Chris Giles, explains how a weak US dollar is affecting the global economy. Investors gird for choppy markets as race for White House heats up ft.com/content/9ed5be3b

Sep 2, 2020 • 9:28

Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes

Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes

Argentina has succeeded in restructuring almost all of its $65bn debt with private creditors, global equities enjoy their best August since 1986, and Lebanon appoints Mustapha Adib as the country’s next prime minister as French president Emmanuel Macron visits Beirut. Plus, the FT’s Donato Paolo Mancini explains why Europe’s contact tracing efforts are struggling. Argentina clinches near-unanimous backing for debt restructuringft.com/content/e3e8b783-9455-46f3-946f-15c31a29778bGlobal equities co

Sep 1, 2020 • 8:30

EU’s raw materials warning, Abe replacement, why Wirecard’s auditors failed

EU’s raw materials warning, Abe replacement, why Wirecard’s auditors failed

The European Commission plans to warn member states that the EU is overly reliant on importing critical raw materials, and Japan is getting ready to pick a new prime minister after Shinzo Abe announced he is resigning.  Plus, the FT’s tax and accountancy correspondent, Tabby Kinder, explains why - despite auditors’ promises to change after the Wirecard scandal -  things in the industry might stay the same. EU sounds alarm on critical raw materials shortagesft.com/content/8f153358-810e-42b3-a529-

Aug 31, 2020 • 9:35

Walmart joins Microsoft in TikTok bid, Fed moves on inflation policy, US athletes sit out games

Walmart joins Microsoft in TikTok bid, Fed moves on inflation policy, US athletes sit out games

Walmart is partnering with Microsoft in its bid for the US operations of TikTok, and the Federal Reserve is adopting a new strategy for monetary policy that will be more tolerant of temporary increases in inflation. Plus, the FT’s Sara Germano explains how walkouts by professional US athletes are influencing the conversation about police brutality and racial injustice. Walmart enters race for TikTok US with Microsoft partnershiphttps://www.ft.com/content/70551adb-7a6e-47a1-a6d1-070efaa957fdFed t

Aug 28, 2020 • 8:53

WHO skips Wuhan, Phil Hogan resigns, Hurricane Laura, Jackson Hole preview

WHO skips Wuhan, Phil Hogan resigns, Hurricane Laura, Jackson Hole preview

Western governments are concerned that a World Health Organization team investigating the origins of coronavirus did not visit Wuhan, EU trade commissioner Phil Hogan has resigned after a Covid-19 misstep, and Hurricane Laura is expected to wreak havoc on US oil refinery hubs near the Gulf of Mexico. Plus, the FT’s James Politi previews what this year’s all-virtual Jackson Hole central bankers’ symposium will look like. Fears over virus probe rise after WHO team fails to visit Wuhanft.com/conten

Aug 27, 2020 • 9:11

Covid-19 vaccine makers seek protections, US homebuilder stocks rise, Ant IPO

Covid-19 vaccine makers seek protections, US homebuilder stocks rise, Ant IPO

European vaccine makers want EU exemptions that would protect them if there are problems with new Covid-19 vaccines, and low interest rates have helped US homebuilder stocks surge to record highs. Plus, the FT’s James Fontanella-Khan explains why Ant Group chose to list its potentially record setting IPO outside the US. Covid-19 vaccine makers lobby EU for legal protectionhttps://www.ft.com/content/12f7da5b-92c8-4050-bcea-e726b75eef4d?Low rates help propel US homebuilder stocks to record highsht

Aug 26, 2020 • 8:17

India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row

India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row

India is phasing out equipment from Huawei and other Chinese companies for its telecoms networks due to an escalating border dispute, investors have quietly poured billions of dollars into insurance companies this year betting on pandemic-driven returns, and there is a brewing debate over who will get first access to a coronavirus vaccine in the US. Plus, the FT’s Washington bureau chief, Demetri Sevastopulo explains how the Republican Party will handle Donald Trump’s legacy. India moves to cut

Aug 25, 2020 • 10:46

Trump considers fast-tracking vaccine, dividends fall in pandemic, Neiman Marcus bankruptcy fallout

Trump considers fast-tracking vaccine, dividends fall in pandemic, Neiman Marcus bankruptcy fallout

The Trump administration is considering fast tracking a UK Covid-19vaccine for use in America ahead of the presidential election, and new research shows global dividends have suffered the worst quarterly fall in a decade. Plus, the US editor of the FT’s Lex column, Sujeet Indap, explains why a hedge fund manager is in hot water over the Neiman Marcus bankruptcy case. Trump considers fast-tracking UK Covid-19 vaccine before US electionhttps://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1

Aug 24, 2020 • 9:44

Huawei’s war, Chinese banks in Hong Kong, and the future of office workers

Huawei’s war, Chinese banks in Hong Kong, and the future of office workers

Huawei employees are becoming increasingly worried about lay-offs after the US announced “death sentence” sanctions, Hong Kong investment bankers employed by Chinese groups are on track to outnumber those in the territory from Wall Street and international banks, and working remotely could lead companies to outsource employees’ jobs. Huawei employees worry about lay-offs after tougher US sanctionshttps://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693Chinese banks’ Hong Kong ranks on tra

Aug 21, 2020 • 9:29

Apple hits $2tn, Germany fears zombie companies, Biden goes green

Apple hits $2tn, Germany fears zombie companies, Biden goes green

Apple has hit a $2tn market capitalisation just two years after it became the world’s first trillion-dollar company, concern is growing in Germany that a rule introduced as part of the country’s emergency response to coronavirus is fuelling the creation of thousands of so-called zombie groups that could end up sapping the economy for years to come. Plus, as Joe Biden prepares to accept the Democratic nomination for president, he’s putting green energy at the centre of his campaign. Apple market

Aug 20, 2020 • 9:46

Oracle considers TikTok, Putin and Belarus, and the rise of “blank-cheque companies”

Oracle considers TikTok, Putin and Belarus, and the rise of “blank-cheque companies”

Oracle has entered the race to acquire TikTok, EU leaders lined up to urge the Vladimir Putin to help steer Belarus out of its political crisis, and the US postmaster-general has reversed course on a series of controversial cost-cutting measures after Democrats claimed that they would hinder postal voting in the presidential election. Plus, a look at why special purpose acquisition companies are on the increase. Oracle enters race to buy TikTok’s US operationshttps://www.ft.com/content/272cfc69-

Aug 19, 2020 • 10:11

Belarus protests intensify, Robinhood raises more funds, drilling in the Arctic

Belarus protests intensify, Robinhood raises more funds, drilling in the Arctic

Alexander Lukashenko, the strongman president of Belarus, fought for his political future on Monday as protesters called on him to “resign”, stock-trading app Robinhood raised new equity that values the company  at more than $11bn, and the Trump administration has moved to open part of the Arctic wildlife refuge for oil drilling. Plus, the FT’s Anna Gross on the human and economic toll of climate change. ‘Resign!’ Belarus president booed by striking workershttps://www.ft.com/content/2b5d2e59-d50

Aug 18, 2020 • 9:11

Democrats probe post office, Italy’s economy shows signs of life, chocolate sales slump

Democrats probe post office, Italy’s economy shows signs of life, chocolate sales slump

Senior Democrats have called the US postmaster general to testify before Congress amid election fears, pharmaceutical group CureVac has ruled out selling a vaccine at cost, and Italy's businesses enjoy a better than expected rebound from coronavirus. Plus, the FT’s Emiko Terazono on why the decline of travel is bad for the chocolate industry. Further reading:Democrats call postal chief to testify in US mail voting rowhttps://www.ft.com/content/c0128915-ad28-4699-9d5b-9b0a65acaf2bCureVac vows ‘et

Aug 17, 2020 • 9:03

Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously

Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously

Israel and the United Arab Emirates have reached a historic peace deal, Donald Trump has threatened to deprive the US post office of money needed for postal voting in November’s presidential race, and Wells Fargo’s chief compliance officer, Mike Roemer, is leaving after two years of attempting to overhaul the bank’s internal oversight operations.  Plus, the FT’s Christian Shepherd explains why China is treading cautiously in the face of US sanctions. Israel and United Arab Emirates strike histor

Aug 14, 2020 • 9:27

SME’s lose big, UK GDP woes, remembering Sumner Redstone

SME’s lose big, UK GDP woes, remembering Sumner Redstone

Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing signs of a recovery, and Cisco warned of an even bigger drop-off in sales than it has experienced so far during the crisis. Plus, the FT’s Gavin Jackson reports on the UK’s latest GDP data. Then, we look back at the life of media mogul Sumner Redstone.Lyft clings to signs of recovery after pandemic

Aug 13, 2020 • 8:58

Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine

Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine

Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock price collapsed, and McDonald’s is suing its former chief executive, Steve Easterbrook, over sexual conduct allegations. Plus, Russia has become the first country to grant regulatory approval to a vaccine against Covid-19. The FT’s Henry Foy explains what this means for the global race to treat cor

Aug 12, 2020 • 10:30

Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic

Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic

A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of its annual stress test. Plus, the FT’s Richard Milne explains why any labelling of Sweden’s approach to coronavirus might be an oversimplification. Uber and Lyft told to treat drivers as employees in Californiahttps://www.ft.com/content/051a319c-e599-4975-90ea-40211b6a1417Fed denies Goldman’s appea

Aug 11, 2020 • 10:01

Deals resurgence, aid to Beirut, internal pushback at Nike

Deals resurgence, aid to Beirut, internal pushback at Nike

A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers. Megadeals lead M&A revival as big

Aug 10, 2020 • 10:43

Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by  the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover tal

Aug 7, 2020 • 9:40

US lawmakers probe loan to Kodak, Zynga earnings, Biden spending

US lawmakers probe loan to Kodak, Zynga earnings, Biden spending

US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the FT’s Washington correspondent, Lauren Fedor, has some updates on how the campaign of presumptive Democratic presidential nominee Joe Biden is doing. House Democrats probe $765m government loan to Kodakft.com/content/e4ab02ba-f8f7-4ca9-b881-9400ee612e18?Zynga earnings boosted by lockdown gaming habit

Aug 6, 2020 • 9:36

Beirut explosion, ETF gold spree, UK tax authority takes on General Electric

Beirut explosion, ETF gold spree, UK tax authority takes on General Electric

Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.Beirut rocked by massive explosionhttps://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4aETF becomes one of w

Aug 5, 2020 • 8:55

Trump reverses on TikTok, WTO candidates on judicial system, oil earnings

Trump reverses on TikTok, WTO candidates on judicial system, oil earnings

US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus pandemic in North Korea have been forced to borrow money from its government. Plus, the FT's senior energy correspondent, Anjli Raval, tells us how oil companies are surviving the pandemic shock. Register for the Energy Source talk

Aug 4, 2020 • 8:27

US vows action on Chinese tech, William Spriggs on US labour market

US vows action on Chinese tech, William Spriggs on US labour market

The Trump administration has vowed to “take action” against Chinese software companies that it perceives as a risk to security. Plus, William Spriggs, a professor of economics at Howard University and chief economist of the AFL-CIO, explains how the pandemic is changing the US labour market. US to widen action against Chinese tech groups beyond TikTokhttps://www.ft.com/content/2eb1859f-ea08-4c7e-9bdd-a6712389a389The Rachman Review: US economist William Spriggs on scars of the pandemichttps://www

Aug 3, 2020 • 11:01

US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks

US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks

Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech antitrust hearings. Then, FT US markets reporter Colby Smith will explain investor reaction to the worst contraction in the US economy in postwar history. Plus, corporate America is still clinging on to share buybacks despite the global recession.  Register for the Energy Source talk, “Profit and Pow

Jul 31, 2020 • 10:21

Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal

Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal

American lawmakers grill the chief executives of four US tech groups over unfair competition accusations, Qualcomm shares soared to a record high after the California chipmaker announced a royalty deal with Huawei on Wednesday, and the Federal Reserve extends measures to deal with the risk of an international shortage of dollars. Plus the FT’s opinion and analysis editor, Brooke Masters, explains how Goldman Sachs walked away from the 1MDB scandal relatively unscathed. Big Tech bosses told they

Jul 30, 2020 • 10:22

Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending

Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending

Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on eurozone banks to continue to freeze dividend payments and Europe is bracing for another surge in coronavirus cases. Plus, the heads of Amazon, Apple, Alphabet and Facebook are set to appear together before Congress for the first time. The FT’s Lauren Fedor will explain what might come out of this h

Jul 29, 2020 • 7:35

Investors fear US virus toll, MLB virus scare, European bank earnings

Investors fear US virus toll, MLB virus scare, European bank earnings

Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends. Republicans unveil $1tn stimulus plan cutting

Jul 28, 2020 • 10:24

Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks

Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks

Republicans are set to unveil their proposals for a fresh round of stimulus today, US oil companies have increased production following the price crash earlier in the year, and a surge in coronavirus cases have forced countries to curb European travel. Plus, the FT’s political editor, George Parker, will have an update on the progress  of future relationship talks between the UK and EU. Republicans prepare to unveil latest US stimulus offerft.com/content/3ced1ea5-6070-46ee-a946-dc18ad212bf7US oi

Jul 27, 2020 • 10:28

Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls

Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls

Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back the launch of its next generation of chips, and as US lawmakers wrangle over the next economic stimulus package the US jobs recovery appears to be stalling. Plus, the search for oil can cost hundreds of millions of dollars. The FT’s senior energy correspondent, Anjli Raval, explains why the industr

Jul 24, 2020 • 8:33

Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested

Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested

Tesla reported its fourth consecutive quarterly net profit on Wednesday, the fissure between the US and China continues to deepen with Washington ordering Beijing to shut its consulate in Houston over spying concerns, a group of US tech investors has launched an ambitious plan to buy TikTok from its Chinese parent company, ByteDance, and Wirecard’s former chief executive has been rearrested and accused of committing a long-running fraud. See acast.com/privacy for privacy and opt-out information.

Jul 23, 2020 • 8:56

UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns

UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns

The British government has abandoned hopes of reaching a US-UK trade deal ahead of this autumn’s American presidential election, and Donald Trump told reporters the pandemic in the US will “get worse before it gets better”. Plus, the FT’s Latin America editor, Michael Stott, will explain why the region might be headed for another debt crisis. See acast.com/privacy for privacy and opt-out information.

Jul 22, 2020 • 8:50

EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted

EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted

EU leaders are closing in on a deal for a landmark coronavirus recovery package, the largest laboratory company in the US, Quest Diagnostics, has warned it will be impossible to increase coronavirus testing capacity in the event of a second wave in the autumn, and European banks are facing as much as €800bn in loan losses over the next three years as a result of the coronavirus crisis. Plus, the FT’s James Politi will explain why the US economic recovery from coronavirus was so short-lived and w

Jul 21, 2020 • 10:14

Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble

Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble

EU leaders spent the weekend locked in marathon summit talks over Europe’s proposed €750bn response to the coronavirus pandemic, and Albert Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that he cannot budge from his final offer to restructure $65bn of foreign debt. Plus, the US is considering an effective ban on TikTok, the popular social media platform. The FT’s Beijing Bureau chief, Yuan Yang, will explain.  See acast.com/privacy for privacy and opt-

Jul 20, 2020 • 10:19

US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack

US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack

The US is considering putting TikTok on a blacklist that would effectively prevent Americans from using the popular video app, Netflix warns investors that its pandemic related growth spurt is waning, and the FBI and New York state launch investigations into Wednesday’s unprecedented hack of Twitter. Plus, the FT’s Dan Dombey explains how Spain is still struggling with its coronavirus recovery, and why so much of the country’s future hinges on the proposed EU recovery fund.  See acast.com/privac

Jul 17, 2020 • 9:51

Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes

Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes

Twitter experienced an unprecedented hack on Wednesday when bitcoin scammers sent a series of tweets from hundreds of accounts, Opec and Russia move to start unwinding the record oil supply cuts agreed earlier this year, and the US has threatened to impose sanctions on any companies helping Russia to build the Nord Stream 2 gas pipeline. Plus, the EU’s second-highest court rejected a European Commission order for Apple to pay back more than 14 billion euros in taxes to Ireland. The FT’s Javier E

Jul 16, 2020 • 8:27

US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses

US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses

President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international students would have to return home if they are attending universities with online-only classes, Moderna’s potential Covid-19 vaccine produced immune responses in patients in the early stage trial, and technology groups are refusing a data sharing proposal with Hong Kong regulators. Plus, the FT’s US b

Jul 15, 2020 • 7:50

EU to go after low-tax countries, California rolls back reopening plans, European summer tourism

EU to go after low-tax countries, California rolls back reopening plans, European summer tourism

Brussels is planning to pursue low-tax member states over their advantageous corporate tax regimes, California is rolling back its reopening effort due to a surge in Covid-19 cases, and US technology groups and a group of state attorneys-general are joining the battle against a Trump administration rule that requires foreign students to return home if universities move to online-only courses. Plus, the FT’s leisure industries reporter Alice Hancock will explain what is becoming of the businesses

Jul 14, 2020 • 8:21

UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning

UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning

Boris Johnson is set to unveil plans this week to phase Huawei out of the UK’s 5G mobile phone networks, WeWork’s executive chairman tells the Financial Times that the company is on track to have positive cash flow in 2021, and the new head of the US Office of the Comptroller of the Currency warns banks about using coronavirus as cover to shut branches or to win permanent concessions from regulators. Plus, the FT’s US banking editor, Laura Noonan, tells us what to expect when Wall Street banks r

Jul 13, 2020 • 9:39

Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny

Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny

US and European banks in Hong Kong are conducting emergency audits of their clients to identify officials and corporates that could face possible US sanctions over the new national security law, the FT reports that Wirecard executive Jan Marsalek touted secret documents about the use of a Russian chemical weapon in the UK as he bragged of ties to intelligence services to ingratiate himself with London traders, and coronavirus has spurred a global bicycle shortage. Plus, the FT’s consumer industr

Jul 10, 2020 • 9:30

Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases

Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases

In an interview with the FT, European Central Bank president Christine Lagarde said that “women are the first victims” of events such as a pandemic and discussed the steps towards recovery. Plus, UK business leaders say that millions of jobs in some of the hardest hit sectors are still at risk despite chancellor Rishi Sunak’s £30bn jobs plan, and the US hits 3m confirmed coronavirus cases.  See acast.com/privacy for privacy and opt-out information.

Jul 9, 2020 • 9:10

Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power

Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power

The US has begun the process of leaving the World Health Organization, the FT reports that international investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia group, and US investment in offshore wind power is predicted to rise to a level that nearly matches spending on offshore oil drilling this decade. Plus, the FT’s Claire Bushey will explain how coronavirus has triggered a conversation on the treatment and compensation of low-wage workers. See acast.com/privacy f

Jul 8, 2020 • 9:27

Social media groups block HK authorities, PPP loans, day trading dangers

Social media groups block HK authorities, PPP loans, day trading dangers

Facebook, Google and Twitter have all said they would temporarily block Hong Kong’s authorities from accessing user data despite threats from the government, the US claims its small business bailout programme has kept 51.1 million people in work during the pandemic, and foreign students at US universities and schools will no longer be eligible to stay in the country if their courses move fully online due to coronavirus. Plus, the FT’s Eric Platt will report on the dangers associated with day tra

Jul 7, 2020 • 11:02

Repairing the social and economic damage brought by the pandemic

Repairing the social and economic damage brought by the pandemic

Covid-19 has been a global shock. But will it be a transformative one? In this special edition of the FT News Briefing, the FT’s chief economics commentator, Martin Wolf, explains why the global free market era might soon be coming to an end for western democracies, and why he thinks politics, society and the economy should now revolve around the idea of citizenship. Read Martin Wolf’s essay at FT.com/BigRead.  See acast.com/privacy for privacy and opt-out information.

Jul 6, 2020 • 9:27

UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs

UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs

The UK’s Competition and Markets Authority is set to ask Brussels for full control over the review of the proposed £31bn merger between Virgin Media and O2, US consumers are expected to spend $710bn online in 2020, and American Airlines says it could have over 20,000 front-line employees more than it needs this autumn to operate its reduced flying schedule. Plus, the unemployment rate for black Americans remained higher in June than for all other groups. Economist Valerie Wilson explains why bla

Jul 3, 2020 • 8:46

July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law

July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law

US public health experts are warning of a heightened risk of coronavirus transmission during US Independence Day celebrations, EU regulators are asking more questions about Google’s proposed $2.1bn takeover of fitness tracker Fitbit, and the FT’s  James Kynge explains how China’s national security law affects both Hong Kongers and foreigners living in the territory. Plus, the FT’s Judith Evans explains why consumers are changing their attitudes towards single-use plastic in the pandemic. See ac

Jul 2, 2020 • 10:29

Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business

Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business

Coronavirus has brought an end to one of the longest waves in mergers and acquisitions history, more than 100 UK company chiefs, entrepreneurs and business groups have written to Boris Johnson warning about the economic damage of a no-deal Brexit, and the FT has revealed that German payments company Wirecard relied on a small number of customers for the majority of its genuine sales according to an internal document. Plus, the FT’s Hannah Murphy looks at whether the advertising revolt against so

Jul 1, 2020 • 9:13

Wall Street banks net record fees, Johnson channels FDR, remdesivir cost

Wall Street banks net record fees, Johnson channels FDR, remdesivir cost

Wall Street investment banks brought in a record amount of fees for fundraisings in the first six months of 2020 amid coronavirus, UK prime minister Boris Johnson plans to announce £5bn of infrastructure projects today, and Gilead Sciences has said it will charge governments $2,340 for a 5-day course of its coronavirus treatment, remdesivir. Plus, the FT’s Primrose Riordan explains why investors, economists, and analysts are growing concerned over China’s national security law in Hong Kong.  See

Jun 30, 2020 • 9:35

Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure

Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure

American shale pioneer Chesapeake Energy has filed for Chapter 11 bankruptcy, and dozens of brands are cancelling advertising on Facebook over the social media company’s handling of hate speech.  Plus, Singapore is luring hedge funds and investors away from other low tax jurisdictions with a new corporate structure. The FT’s Stefania Palma explains how the country is trying to make itself Asia’s leading financial centre. See acast.com/privacy for privacy and opt-out information.

Jun 29, 2020 • 10:11

Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks

Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks

Wirecard filed for insolvency on Thursday, days after the German payments group revealed a multiyear fraud that led to the arrest of its former chief executive. The FT’s Dan McCrum has been following Wirecard for the past five years and will upack the company’s current position. Plus, the Federal Reserve has capped dividends and banned share buybacks by big US banks in an attempt to strengthen the financial system in the pandemic. See acast.com/privacy for privacy and opt-out information.

Jun 26, 2020 • 11:11

New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement

New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement

Global markets dropped on Wednesday as rising Covid-19 cases  fuelled fears that the virus could derail an economic recovery, US airlines increased the size of their debt and equity fundraisings this week to nearly $10bn after receiving a warm welcome from investors, and Bayer will pay up to $10.9bn to settle a wave of lawsuits over the potential carcinogenic effects of its herbicide product Roundup. Plus, the FT’s currencies correspondent, Eva Szalay, explains why analysts at Bank of America sa

Jun 25, 2020 • 9:15

Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch

Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch

Wirecard’s founder Markus Braun was arrested on suspicion of false accounting and market manipulation, and the Trump administration has eased Obama-era environmental rules during the pandemic. Plus, the FT’s global finance correspondent, Robin Wigglesworth, will explain why some investors say the Federal Reserve and other central banks have in practice nationalised the bond market with their coronavirus measures. See acast.com/privacy for privacy and opt-out information.

Jun 24, 2020 • 10:12

Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard

Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard

Donald Trump is set to extend a suspension of immigration into the US imposed in response to the coronavirus pandemic, and Apple is planning to transition away from Intel chips to an in-house design for processors. Plus, last week Wirecard warned that €1.9bn was missing from its accounts. It confirms reporting by the Financial Times, which has been investigating fraud suspicions at the German payments group. The FT’s investigations editor, Paul Murphy, will unpack the difficulties in reporting t

Jun 23, 2020 • 10:10

Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US

Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US

Boris Johnson will hammer out a new plan with senior ministers this week aimed at unblocking talks on Britain’s future relationship with the EU, and the delay of oil and gas projects in Senegal signals the aftershocks from the coronavirus crisis are even hurting economies that have avoided the worst of the pandemic itself. Plus, some economists have suggested the Federal Reserve could target the black unemployment rate in its monetary policy as a means of addressing income inequality in the US.

Jun 22, 2020 • 9:27

The inside story of a disgraced drugmaker

The inside story of a disgraced drugmaker

Executives from drugmaker Insys were the first from the pharmaceutical sector to be handed prison time for their role in America’s opioid epidemic earlier this year. The FT and the PBS series Frontline have investigated why the warning signs around the company were ignored for so long. FT pharmaceutical correspondent Hannah Kuchler tells Marc Filippino what they uncovered.Read the story at ft.com/insys.The PBS Frontline documentary, Opioids, Inc. is available for streaming online at PBS.org begi

Jun 19, 2020 • 12:10

US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale

US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale

The US has suspended talks with European countries on a new global tax framework for technology companies, private equity groups in the US have been on a spending spree despite worldwide lockdowns due to the pandemic, and the bankrupt car rental company Hertz halted its controversial $500m share sale. Plus, the FT’s Seoul bureau chief Edward White explains how Donald Trump’s transactional approach to foreign policy is affecting America’s relationships with Asian countries. See acast.com/privacy

Jun 18, 2020 • 9:31

Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform

Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform

Wall Street rallied on expectations of new aid for the US economy from the federal government and central bank, while Royalty Pharma pulled off the biggest US listing of 2020. Plus, protesters are calling to defund police departments in the wake of George Floyd’s death. Alex Vitale, a sociology professor at Brooklyn College, explains what this might look like in practice. See acast.com/privacy for privacy and opt-out information.

Jun 17, 2020 • 10:35

LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy

LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy

The US Supreme Court ruled on Monday that LGBTQ workers are protected by federal civil rights laws in a landmark anti-discrimination decision, and Europe’s young workers are among the hardest hit by a frozen labour market. Plus, the FT’s senior energy correspondent, Anjli Raval, explains why coronavirus has big oil companies, such as BP, pivoting towards clean energy. See acast.com/privacy for privacy and opt-out information.

Jun 16, 2020 • 10:53

SoftBank financing, White House on unemployment benefits, French industry

SoftBank financing, White House on unemployment benefits, French industry

SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Vision Fund, the White House is opposed to extending coronavirus-related federal unemployment payments because it believes the measure created a “disincentive” to work, and China is bracing for a second wave of coronavirus. Plus, the FT’s David Keohane reports on France’s efforts to save its aerospace industry. See acast.com/privacy for priv

Jun 15, 2020 • 9:24

Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure

Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure

Investors in US and European equities were rattled on Thursday after the Federal Reserve’s dire assessment of the US economy and fresh concerns of an uptick in coronavirus cases, and the British government has abandoned its plan to introduce full border checks with the EU on January 1. Plus, the FT’s banking editor, Stephen Morris, unpacks the pressure HSBC is under after backing China’s Hong Kong national security law.  See acast.com/privacy for privacy and opt-out information.

Jun 12, 2020 • 9:49

Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards

Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards

First, the FT’s Colby Smith explains why the Federal Reserve is predicting that it would keep interest rates close to zero until at least the end of 2022. Then, the FT’s Brazil bureau chief Bryan Harris examines how the country is handling the coronavirus pandemic. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson explains how company leaders have been awarded generous stock options that could more than make up for their temporary pandemic-related pay cuts. See acast.com/privacy for p

Jun 11, 2020 • 10:43

Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast

Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast

EU member states are urging Brussels to account for the shock of a hard Brexit in its coronavirus recovery plans, a former Goldman Sachs banker has avoided prison time for his role in a global insider trading ring, and US online car sales company Vroom more than doubled its price on the first day of trading as investors showed strong demand for newly listed stocks.  Plus, the Federal Reserve is releasing its first economic forecast in six months. The FT’s James Politi explains what the US centra

Jun 10, 2020 • 9:05

US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism

US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism

The US stock market has erased all of its losses from 2020, the World Bank has forecast that emerging economies will shrink for the first time in 60 years, and US Congressional Democrats have responded to protests against police brutality by proposing a bill to reform police practices. Plus, the FT’s Anjli Raval will explain the cautiously optimistic moves from the oil market.  See acast.com/privacy for privacy and opt-out information.

Jun 9, 2020 • 10:44

Black Lives Matter protests go global, doubts over US jobs data

Black Lives Matter protests go global, doubts over US jobs data

US civil rights groups have received a surge of corporate donations since Minneapolis police killed George Floyd, the head of Fidelity International has warned that asset managers will struggle to provide enough cash to keep businesses afloat, and global trade is under threat with up to 400,000 crew stranded either at sea or at home due to Covid-19. Plus, the FT’s James Politi explains why the US Bureau of Labor Statistics is having a hard time pinning down the country’s actual unemployment rate

Jun 8, 2020 • 9:21

Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic

Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic

Veteran market strategist Jeremy Grantham has cut back his holdings in global stocks. The FT’s Andrew Edgecliffe-Johnson recounts his conversation with the Boston fund manager. And, Frankfurt bureau chief Martin Arnold walks through the latest moves from the European Central Bank. Plus, the FT’s Attracta Mooney explains why wealth managers believe that investment with a sustainable focus will likely grow beyond the coronavirus pandemic. See acast.com/privacy for privacy and opt-out information.

Jun 5, 2020 • 11:36

Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO

Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO

US defence secretary Mark Esper breaks with Donald Trump on sending the army to clamp down on protests, and his predecessor James Mattis joins the president’s critics. The  FT’s Katrina Manson explains why the rift is so significant. Plus, a study casts doubt on whether taking hydroxychloroquine is an effective treatment for Covid-19, and Warner Music scored the biggest US IPO of 2020 on Wednesday. See acast.com/privacy for privacy and opt-out information.

Jun 4, 2020 • 8:52

Companies react to protests, fear of Covid spike, Zoom’s surge

Companies react to protests, fear of Covid spike, Zoom’s surge

Many companies and chief executives have expressed solidarity with protests over the police killings of George Floyd and other black men and women. The FT’s Andrew Edgecliffe-Johnson explains what is different this time round. Plus, public health experts fear the demonstrations will hasten the spread of Covid-19, and Zoom has emerged as one of the biggest corporate winners from the pandemic. See acast.com/privacy for privacy and opt-out information.

Jun 3, 2020 • 9:56

Trump vows to deploy military to US streets

Trump vows to deploy military to US streets

President Donald Trump threatened to send US soldiers on to American streets to tackle the most widespread unrest the country has seen in decades, following the killing of George Floyd by police. Meanwhile, Mark Zuckerberg is facing a backlash within Facebook over his stance on controversial posts by the US president related to the protests. See acast.com/privacy for privacy and opt-out information.

Jun 2, 2020 • 9:44

US protestors demonstrate against police violence, EU recovery, US pensions

US protestors demonstrate against police violence, EU recovery, US pensions

Protests swept across US cities over the weekend as demonstrators responded to the death of George Floyd, another black man who died by police brutality. The FT’s Claire Bushey and Lauren Fedor explain what has been happening at the local and federal levels. Plus, the European Union budget commissioner is calling on member states to back new taxes to help fund the coronavirus recovery, and how seven US public pension plans risk running out of money by 2028. To get free access to the FT’s Coronav

Jun 1, 2020 • 8:54

Trump’s social media order, UK opens door to Hong Kong residents, AstraZeneca’s transformation

Trump’s social media order, UK opens door to Hong Kong residents, AstraZeneca’s transformation

Donald Trump said he had ordered a wide-ranging review of the law that grants social media companies immunity from legal action for content on their platforms, and the UK government has opened a path to citizenship for more than 300,000 Hong Kong residents in response to China's security crackdown. Plus, the FT’s industry editor, Peggy Hollinger, unpacks the turnround that propelled pharmaceutical group AstraZeneca to the industry’s front ranks.To get free access to the FT’s Coronavirus Business

May 29, 2020 • 10:49

Pressure on Hong Kong finance, Boeing’s resumes 737 Max production, EU’s €750bn plan

Pressure on Hong Kong finance, Boeing’s resumes 737 Max production, EU’s €750bn plan

Boeing said it will resume production of the troubled 737 Max, just hours after announcing plans to dismiss  more than 12,000 US workers. Meanwhile, Brussels has unveiled a plan to borrow €750bn to bankroll recovery efforts after the coronavirus crisis. Now it faces a critical few weeks for corralling member states to back the plan. Plus, the US will no longer consider Hong Kong autonomous from China. The FT’s US managing editor, Peter Spiegel, explains what this could mean for the global financ

May 28, 2020 • 8:57

Investors eye recovery,  $1tn in corporate borrowing, SpaceX test flight

Investors eye recovery, $1tn in corporate borrowing, SpaceX test flight

Hopes of a quick economic recovery gave global stocks a lift on Tuesday. The FT’s Philip Stafford explains whether that optimism can be sustained. Then, a look at the highly rated companies, including ­Disney, Apple and ExxonMobil, that have borrowed a trillion dollars in the first five months of this year. Plus, Elon Musk’s SpaceX will send two Nasa astronauts to space today. The FT’s West Coast Editor, Richard Waters, will explain what this means for commercial ambitions in the final frontier.

May 27, 2020 • 10:10

Japan’s birth rate, contact tracing in India

Japan’s birth rate, contact tracing in India

Japanese couples are putting off parenthood over coronavirus concerns. The FT’s Tokyo correspondent, Kana Inagaki, explains what this means for a country already suffering from population decline. Plus, countries around the world are aiming to roll out contact-tracing apps as they seek to reopen economies. The FT’s South Asia correspondent, Stephanie Findlay, reports on India’s mandatory system.   Update: India’s contact-tracing policy has been loosened since our interview with Stephanie Findlay

May 26, 2020 • 8:35

Beijing’s legal force on Hong Kong, US retail, the future of higher education

Beijing’s legal force on Hong Kong, US retail, the future of higher education

The Chinese government is preparing to impose national security legislation on Hong Kong, and sales surged at the US retailers deemed “essential” by local authorities in the first quarter. Plus, the business of higher education is under threat because of coronavirus. The FT’s Andrew Jack explains.To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053

May 22, 2020 • 11:16

CDC director warns of second coronavirus flare-up, threat to mortgage-backed bonds

CDC director warns of second coronavirus flare-up, threat to mortgage-backed bonds

Robert Redfield, the director of the Centers for Disease Control and Prevention warns that the rapid spread of coronavirus in the southern hemisphere suggests it is likely to flare up in the US later this year. Then, the biggest shopping mall in America has fallen behind on mortgage payments that help underpin the $500bn mortgage-backed bond market. Plus, the FT’s Stephanie Findlay will explain how India’s pharma and chemical groups are jostling to take business from China.To get free access to

May 21, 2020 • 10:34

Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future

Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future

Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftBank announced a record $13bn annual loss earlier this week. The FT’s Tokyo correspondent, Kana Inagaki, explains what is next for founder Masayoshi Son. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.

May 20, 2020 • 10:05

Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions

Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions

Positive results from the first US Covid-19 trial raised investors’ hopes of an economic rebound, Chinese self-driving car start-ups have been accelerating pilot projects as US rivals sit idle, and bond investors have hit out at the growing trend of companies reporting “earnings before coronavirus”. Plus, the FT’s Kiran Stacey explains what the latest US sanctions against Huawei mean for the Chinese telecoms company’s survival. To get free access to the FT’s Coronavirus Business Update newslette

May 19, 2020 • 10:47

Powell on US recovery, Nomura to boost private market focus, Taiwan travel scheme

Powell on US recovery, Nomura to boost private market focus, Taiwan travel scheme

Federal Reserve chair Jay Powell has warned that the US economy may not “fully recover” until the end of 2021, Japan’s oldest brokerage firm, Nomura, is poised to unveil a new strategic focus on private markets, and the Taiwanese government and Stanford University are preparing a quarantine and testing regime for foreign travellers. Plus, the FT’s June Yoon explains how the hopeful era for South Korea’s film industry has been disrupted by the pandemic. To get free access to the FT’s Coronavirus

May 18, 2020 • 10:07

The race for a vaccine, the story behind EBITDAC, BoE’s Bailey

The race for a vaccine, the story behind EBITDAC, BoE’s Bailey

The hunt for a coronavirus vaccine is central to global efforts to restart economies. The FT’s US coronavirus correspondent, David Crow, explains how nationalism could slow the fight against the pandemic. Plus, some companies are presenting a new customised metric they are calling ebitdac: earnings before interest, tax, depreciation, amortisation — and coronavirus. The FT’s markets reporter, Nikou Asgari, looks into whether it will stick. Then, the governor of the Bank of England, Andrew Bailey

May 15, 2020 • 9:45

Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability

Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability

Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secretary-general Angel Gurría warned that rising debt levels would “come back to haunt us”. Plus, BMW is facing criticism for plans to make a dividend payout to shareholders despite requesting subsidies from the German government. Then, collateralised loan obligations, or CLOs, have boomed over the past

May 14, 2020 • 8:43

Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis

Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis

The global economic outlook is still worsening, according to IMF managing director Kristalina Georgieva. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, reports on the latest deal to collapse amid the pandemic and the FT’s Colby Smith explains why the looming emerging markets debt crisis is expected to be messy.To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid. See acast.com/privacy for privacy and opt-out informa

May 13, 2020 • 10:00

Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure

Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure

The head of an Italian biotech company that sells Covid-19 diagnostic and antibody tests told the FT that demand far exceeded supply as countries put mass testing at the centre of plans to ease lockdowns, BP’s new chief executive, Bernard Looney, said the coronavirus hit to crude consumption was likely to endure beyond the pandemic, and, as coronavirus takes a devastating toll on senior living homes, investors are being forced to recognise they are more than mere landlords. Plus, the FT’s motor

May 12, 2020 • 10:27

UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil

UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil

UK airlines demanded “urgent additional government support” on Sunday warning that Boris Johnson’s plans to introduce a 14-day quarantine for people arriving in the UK by air will exacerbate the crisis facing the sector. Plus, US businesses resuming operations after coronavirus lockdowns are confronting uncertain legal terrain over whether they are required to pay workers for time spent on health checks, and WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling i

May 11, 2020 • 8:55

Food delivery boosts Uber sales, US jobs preview, the fashion industry under lockdown

Food delivery boosts Uber sales, US jobs preview, the fashion industry under lockdown

Uber reported stronger than expected first-quarter revenues on Thursday thanks to a surge in food delivery;  India’s richest man, Mukesh Ambani, has sold a stake in his digital services group Reliance Jio for a third time in three weeks. Plus, we will look at what to expect from the US jobs report for April. Then, without runways or retail, how is the fashion industry faring under lockdown? The FT’s fashion editor, Lauren Indvik, will explain.  To get free access to the FT’s Coronavirus Business

May 8, 2020 • 10:37

US-China trade, ECB to resist pressure from German court, Airbnb’s outlook

US-China trade, ECB to resist pressure from German court, Airbnb’s outlook

Donald Trump is weighing up more aggressive economic measures against China, The European Central Bank is expected to resist recent pressure from Germany’s constitutional court over its bond-buying programme, and first-quarter results from Lyft showed promising signals for the company’s target of profitability until the disruption of the coronavirus pandemic. Plus, Airbnb was expected to make its stock market debut this year. The FT’s San Francisco correspondent, Dave Lee, will tell us how it is

May 7, 2020 • 8:11

Disney’s $1.4bn hit, Beyond Meat boost, ECB called to justify bond-buying programme

Disney’s $1.4bn hit, Beyond Meat boost, ECB called to justify bond-buying programme

Disney estimates that the coronavirus crisis wiped as much as $1.4bn from its quarterly operating profit, while Beyond Meat gears up for the price of its plant-based burgers to compete directly with real beef at the supermarket, and Germany’s constitutional court has called on the European Central Bank to justify its bond-buying programme. Plus, the FT’s global business columnist, Rana Foroohar, argues that economists will have to abandon their traditional way of thinking to deal with problems p

May 6, 2020 • 10:44

Aviation industry under pressure, Argentina’s debt deadline, why Silicon Valley is surviving the ad crash

Aviation industry under pressure, Argentina’s debt deadline, why Silicon Valley is surviving the ad crash

The aviation industry took another hit from the coronavirus crisis on Monday as GE cut 10,000 aerospace jobs, and Argentina debt holders doubled down on their opposition to the government’s plan to restructure its debt. Plus, as the coronavirus pandemic rages on, advertising costs are being cut from many corporate budgets. The FT’s Tim Bradshaw explains why Silicon Valley is surviving the ad crash. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/ne

May 5, 2020 • 9:48

Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence

Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence

US and European banks are on track to book more than $50bn of charges on souring loans in the first quarter. Plus, the FT’s Eric Platt reports on Berkshire Hathaway’s annual general meeting, where Warren Buffett was the star of the show, and the FT’s deputy editor, Patrick Jenkins, explains how BlackRock’s small consultancy division came to have a growing influence on a number of governments. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbrie

May 4, 2020 • 8:37

Amazon Covid-19 costs, Boeing taps bond market, UK recruits fruit pickers

Amazon Covid-19 costs, Boeing taps bond market, UK recruits fruit pickers

Amazon has warned that coronavirus measures could cost at least $4bn in the next quarter and wipe out any gain from a jump in sales during the pandemic, and Boeing has tapped the bond market for $25bn to help weather a cash drain this year. Plus, the FT’s Judith Evans reports on a crisis building in the UK fruit farming industry. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid. See acast.com/privacy for privacy and opt-out informa

May 1, 2020 • 9:47

Fed’s ‘medium-term’ warning, Microsoft growth, Barclays loan provisions

Fed’s ‘medium-term’ warning, Microsoft growth, Barclays loan provisions

The Federal Reserve has warned of lasting “medium-term” economic fallout from the coronavirus pandemic. The FT’s James Politi unpacks the central bank’s outlook. Plus, the White House praised Gilead’s remdesivir as a coronavirus treatment drug after the release of the findings from a new study, and Microsoft posted strong results in the latest quarter thanks to a jump in its cloud-related business. Then, the FT’s Stephen Morris reports on how Barclays fared in the first quarter as the bank annou

Apr 30, 2020 • 10:11

Alphabet’s signs of recovery, Trump’s meat plant order, measuring inflation

Alphabet’s signs of recovery, Trump’s meat plant order, measuring inflation

Google’s internet search business stabilised in April after a sharp downturn at the end of last month, Fitch has downgraded Italy’s credit rating to a single notch above junk, and US President Donald Trump orders meat-processing plants to remain open in the wake of coronavirus-related closures. Plus, the FT’s economics correspondent, Delphine Strauss, explains why statisticians  are having such a hard time measuring inflation during the global pandemic. See acast.com/privacy for privacy and opt-

Apr 29, 2020 • 10:14

European bank earnings, coronavirus threat to call centres

European bank earnings, coronavirus threat to call centres

US oil prices fell sharply on Monday after the world’s largest oil-backed exchange traded fund began offloading all of its short-term contracts, and investors in European banks are braced for significant loan-loss provisions as the sector reports quarterly earnings this week. Plus, the FT’s John Reed will explain why the Philippines’ coronavirus lockdown is causing pain for the country’s vast outsourcing sector. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, v

Apr 28, 2020 • 9:44

Covid-19 death toll, gap between financial markets and economy, Berlin’s reopening

Covid-19 death toll, gap between financial markets and economy, Berlin’s reopening

An FT analysis found that the death toll from coronavirus may be almost 60 per cent higher than reported in official counts, and analysts are scrambling for explanations on the divergence between the flying stock market and the grim global economic picture. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains how Berlin is fairing since the city’s shops reopened last week. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid. See a

Apr 27, 2020 • 10:27

Germany backs EU recovery fund, Gilead drug flops, Rana Foroohar on US austerity

Germany backs EU recovery fund, Gilead drug flops, Rana Foroohar on US austerity

Germany is prepared to make a substantial financial contribution to help relaunch eurozone economies after the coronavirus pandemic, and the World Health Organization accidentally published documents yesterday showing that a potential antiviral drug for the coronavirus flopped in its first randomised clinical trial. Plus, the FT’s global business columnist, Rana Foroohar, argues that the economic ramifications of the coronavirus crisis will produce a new age of US austerity.   See acast.com/priv

Apr 24, 2020 • 9:20

ECB to accept ‘fallen angel’ bonds as collateral, Covid-19 legal protections

ECB to accept ‘fallen angel’ bonds as collateral, Covid-19 legal protections

The European Central Bank has changed its rules to accept bonds that lose their investment grade credit rating during the coronavirus crisis as collateral, oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, and US business groups are calling on the federal government to shield companies from litigation if workers are exposed to the virus. Plus, the FT’s Moscow bureau chief, Henry Foy, explains why Vladimir Putin’s regime is leaning on tycoons to help the state in t

Apr 23, 2020 • 10:27

Oil market turmoil, Netflix adds 16m subscribers, future of aerospace

Oil market turmoil, Netflix adds 16m subscribers, future of aerospace

Global oil markets remained under intense pressure on Tuesday with the price of US crude oil for June delivery nearly halving and Brent dropping below $20 per barrel for the first time in 18 years. Meanwhile, the White House and congressional leaders agreed to a new coronavirus stimulus package which includes funds to replenish the small business rescue fund, and Netflix has emerged as one of the few corporate winners of the pandemic after adding more than twice as many subscribers as it had for

Apr 22, 2020 • 10:24

US oil prices plummet, Singapore oil trader scandal

US oil prices plummet, Singapore oil trader scandal

Yesterday, US oil prices crashed into negative territory for the first time in history. The FT’s US energy editor, Derek Brower, explains why and what is next for producers. Then, the FT’s natural resources editor, Neil Hume, explains how Singapore oil trader Hin Leong Trading suffered $800m in losses that were not reflected in its financial statements. Plus, the Trump administration is facing backlash over the terms of its small business loan programme, and more than 1m people were enrolled in

Apr 21, 2020 • 10:36

Small business aid deal, ECB bad bank idea, emerging market debt

Small business aid deal, ECB bad bank idea, emerging market debt

The Trump administration is closing in on a deal with Congress to provide another $300bn to coronavirus-hit small businesses. Then, the FT’s US economics editor, Brendan Greeley, explains how state budgets are coping without their normal tax revenue. Plus, the European Central Bank has held high-level talks about creating a eurozone bad bank for non-performing loans, and investors have pushed back on pleas by the G20 group of big economies to allow emerging markets to pause their debt repayments

Apr 20, 2020 • 8:39

Trump’s reopening plan, coronavirus drug report, Macron on EU solidarity

Trump’s reopening plan, coronavirus drug report, Macron on EU solidarity

President Donald Trump backed away from threats to force a quick reopening of the US economy by unveiling guidelines for states, and US stock market futures rose 3 per cent late on Thursday after a report suggested a Gilead coronavirus drug had shown positive results in a clinical trial. Then, in an interview with the FT, French president Emmanuel Macron warned of the collapse of the EU as a “political project” unless richer states help economies such as Italy recover from the coronavirus pandem

Apr 17, 2020 • 11:37

Eurozone debt, US economic data, China cuts key lending rate

Eurozone debt, US economic data, China cuts key lending rate

The coronavirus crisis is propelling Eurozone government debt towards 100 per cent of gross domestic product, three major US banks reported a total $12.8bn of charges in the first quarter for loan losses and warned there could be more to come, and data from all corners of the US economy published on Wednesday suggest the hit from coronavirus lockdowns has been deeper than feared. Plus, the FT’s Hudson Lockett explains why China’s central bank cut one of its most important lending rates to a reco

Apr 16, 2020 • 10:07

Airline aid, banks braced for credit loss, grim IMF outlook

Airline aid, banks braced for credit loss, grim IMF outlook

The US Treasury Department has reached an agreement with US airlines that paves the way for a $25bn bailout for the industry. Plus, JPMorgan Chase and Wells Fargo increased loan-loss provisions by $10bn from last year to prepare for the impact of the pandemic. Then, the IMF said on Tuesday that the coronavirus crisis will leave lasting scars on the global economy. The FT’s economics editor, Chris Giles, explains how the damage could continue long after lockdowns are lifted. See acast.com/privacy

Apr 15, 2020 • 10:35

VC funding in China, Amazon jobs, oil under pressure

VC funding in China, Amazon jobs, oil under pressure

New figures show that venture capital funding in China rebounded in March after the country’s coronavirus outbreak, and Amazon has announced plans to hire 75,000 extra workers after hiring 100,000 new staff to handle coronavirus-induced demand. Plus, Anjli Raval explains why oil traders have doubts about the US-backed Opec deal to cut supply, and Rana Forhoohar argues that WeWork’s struggles illustrate what is to come in real estate markets in a post-coronavirus world. You can find Rana’s column

Apr 14, 2020 • 10:29

Inside Wuhan’s liberation, Japan on lockdown

Inside Wuhan’s liberation, Japan on lockdown

The coronavirus’ place of origin, Wuhan, has emerged from the world’s largest mass quarantine. Meanwhile, Japan is gambling that it can control the spread of coronavirus without a full lockdown. The FT’s correspondents on the ground in China and Japan, Don Weinland and Robin Harding, look at the differing stages these two places are at when it comes to the pandemic and the road ahead. See acast.com/privacy for privacy and opt-out information.

Apr 13, 2020 • 9:02

Wall St worries, Europe funding, Singapore relapse

Wall St worries, Europe funding, Singapore relapse

Wall Street banks are warning investors to brace for a new wave of stock market declines despite the recent relief rally, and eurozone finance ministers will reconvene today to work toward a deal on emergency lending to tackle the Covid-19 outbreak. The FT’s Mehreen Khan will explain the dispute between the Netherlands and Italy over the terms. Plus, Stefania Palma in Singapore explains how the country is handling its third wave of coronavirus infections. See acast.com/privacy for privacy and o

Apr 9, 2020 • 9:53

US stimulus, WeWork v SoftBank, Carnival bonds

US stimulus, WeWork v SoftBank, Carnival bonds

The Trump administration is in talks with Congress to secure an additional $250bn to fund loans for small businesses hit by the coronavirus pandemic, and a special committee of WeWork board members issued a legal challenge on Tuesday over SoftBank’s withdrawal from a $3bn deal. Plus, the FT’s capital market’s correspondent Rob Smith explains how Carnival Corporation managed to persuade investors to put their money into the ailing cruise company.  See acast.com/privacy for privacy and opt-out inf

Apr 8, 2020 • 10:25

Investors gain hope, Italy isolated, Rana Foroohar

Investors gain hope, Italy isolated, Rana Foroohar

US stocks and global equities surged on Monday as investors took heart from signs that the coronavirus outbreak may be stabilising in some of the worst-affected countries. Plus, with a death count of more than 16,000 people and its economy on course to suffer the deepest recession in its modern history, Italy is wrestling with a lack of assistance from its European neighbours. The FT’s Miles Johnson explains that Italians are feeling betrayed by how some countries are responding to their plight.

Apr 7, 2020 • 10:24

Covid-19 on emerging markets, possible oil tariffs

Covid-19 on emerging markets, possible oil tariffs

Emerging markets are scrambling to keep their economies afloat as the coronavirus pandemic deepens. The FT’s David Pilling will have more. Plus, America’s biggest banks will defend their plans to continue paying dividends in submissions to regulators today, and oil producers push back against the price war between Saudi Arabia and Russia. See acast.com/privacy for privacy and opt-out information.

Apr 6, 2020 • 10:35

Oil price war, vaccines, banks on stimulus

Oil price war, vaccines, banks on stimulus

Oil soared nearly 50 per cent at one point on Thursday in its biggest ever one-day rally after US president Donald Trump stoked hopes of a supply cut deal, German biotech groups are urging regulators to ease restrictions when it comes to testing a coronavirus vaccine, and bankers are raising doubts about whether the US government’s small business loan programme will begin today, as scheduled. Plus, banks were admonished over their role in causing the 2008 financial crisis. The FT’s David Crow ex

Apr 3, 2020 • 9:38

EU rescue fund, coronavirus hits rents

EU rescue fund, coronavirus hits rents

France is pushing for a common EU fund to help Europe through the coronavirus crisis. The FT’s Paris bureau chief, Victor Mallet, explains what the plan entails. Then, the rapid spread of the outbreak has pushed commercial landlords and their tenants to breaking point. FT property reporter George Hammond unpacks the brewing conflict between landlords and the tenants that are unable to pay rent. Plus, Amazon has said it is urgently investigating claims of “subhuman” conditions at a Philippines ca

Apr 2, 2020 • 11:11

Gillian Tett on Fed dollar scheme, Covid-19 testing

Gillian Tett on Fed dollar scheme, Covid-19 testing

The FT’s Gillian Tett unpacks the Federal Reserve’s latest move to meet the global demand for dollars, and science editor Clive Cookson explains how different countries are handling coronavirus testing and how the private sector could step in. Plus, Donald Trump is set to suspend some tariffs for 90 days as he tries blunt the economic damage from the pandemic, the UK’s six biggest banks have bowed to pressure from Britain’s top financial regulator to suspend dividend payments, and as coronavirus

Apr 1, 2020 • 10:06

Amazon during Covid-19, Rana on corporate interests

Amazon during Covid-19, Rana on corporate interests

Amazon has pitched itself as an essential business to provide those sheltering in place with needed products. The FT’s Dave Lee reports on how the e-commerce group could emerge as a hero if deliveries remain on track, but only if it does so without pushing employees to take excessive health risks. Meanwhile, insurers are tightening the terms of their business coverage to make sure anything related to the pandemic is explicitly excluded. Plus, Rana Foroohar argues that 50 years of US policy in fa

Mar 31, 2020 • 10:43

The ventilator challenge, stimulus questions

The ventilator challenge, stimulus questions

Manufacturers are working to produce the ventilators needed to help severely ill coronavirus patients breathe. The question is whether those inexperienced in the field can overcome the logistical and regulatory hurdles in time to deliver the life-saving machines. Plus, US companies have questions about how to access the $454bn of government funds set aside in the $2tn stimulus legislation, and Italy’s shadow workers are left out of the country’s safety net. See acast.com/privacy for privacy and

Mar 30, 2020 • 8:42

Market relief rally, ECB flexes, WeWork cash burn

Market relief rally, ECB flexes, WeWork cash burn

US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its prin

Mar 27, 2020 • 10:00

Stimulus haggle, James Kynge on China, US oil talks

Stimulus haggle, James Kynge on China, US oil talks

The US Senate has approved fiscal stimulus legislation worth $2tn after a week of intense negotiations, Ford suffers the biggest credit rating downgrade since 2005, and the FT’s James Kynge tells us how China could become an example of growth while the rest of the world deals with the coronavirus crisis. Plus, the US has raised the pressure on Saudi Arabia to end its oil price war with Russia as the shale industry faces a collapse. See acast.com/privacy for privacy and opt-out information.

Mar 26, 2020 • 10:29

Dash for cash, shutdown debate, Softbank talks

Dash for cash, shutdown debate, Softbank talks

As traditional capital markets seize up, businesses are turning to emergency sources of funding. An FT analysis shows that more than 130 companies drew at least $124bn from their lenders in the past three weeks. Plus, Europe is facing a dilemma over whether to allow certain businesses to operate or shut the economy entirely to slow the spread of the coronavirus, and SoftBank explored an attempt to take the conglomerate private before deciding to sell some of its assets this week. See acast.com/

Mar 25, 2020 • 7:27

Wall Street awaits fiscal stimulus deal from Washington

Wall Street awaits fiscal stimulus deal from Washington

The Federal Reserve announced a plan to buy corporate debt and unlimited amounts of government debt on Monday. But investors on Wall Street continue to wait for fiscal stimulus from the US government.  Plus, The FT’s global business columnist, Rana Foroohar, argues that, when a bailout plan is agreed, small businesses and individuals should be first in line for the help. See acast.com/privacy for privacy and opt-out information.

Mar 24, 2020 • 8:59

US stimulus setback, tracking Covid-19 indicators

US stimulus setback, tracking Covid-19 indicators

US lawmakers argue over a fiscal stimulus legislation worth nearly $2tn to help America weather the coronavirus pandemic. Plus, it could be weeks before official data reveals the full impact of the outbreak on the global economy. FT data journalists have compiled a set of alternative measures of economic activity, from restaurant bookings to traffic patterns, to give an early indication of what to expect. And, Occidental Petroleum chief executive Vicki Hollub looks set to keep her job as the emb

Mar 23, 2020 • 8:28

Friday, March 20

Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent

Mar 20, 2020 • 10:56

Thursday, March 19

Thursday, March 19

The European Central Bank will buy an additional €750bn in bonds in response to the economic and financial upheaval caused by the coronavirus pandemic. Gillian Tett and Anjli Raval explain the dramatic market swings in markets that preceded the ECB’s emergency move. Plus, we will look at the bottlenecks in the healthcare supply chain as demand grows for testing and critical care equipment. See acast.com/privacy for privacy and opt-out information.

Mar 19, 2020 • 10:39

Wednesday, March 18

Wednesday, March 18

Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in Novem

Mar 18, 2020 • 7:56

Tuesday, March 17

Tuesday, March 17

Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak.  See acast.com/privacy for privacy and opt-out

Mar 17, 2020 • 9:04

Monday, March 16

Monday, March 16

The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the w

Mar 16, 2020 • 8:18

Friday, March 13

Friday, March 13

US stocks fell almost 10 per cent in their worst day since the 1987 market crash despite emergency action by the Federal Reserve. Meanwhile, following the US ban on travellers from Europe, airlines are demanding immediate government action to alleviate the industry’s deepening crisis. Plus, companies took on vast amounts of debt in the era of low interest rates. The FT’s US business editor, Andrew Edgecliffe-Johnson, explains the risk this debt poses now. We want to hear from you. Please go to F

Mar 13, 2020 • 9:02

Thursday, March 12

Thursday, March 12

The Trump administration will suspend non-US citizens travelling from Europe for the next 30 days to reduce the spread of the coronavirus in America. This announcement came on the same day the World Health Organization labelled the coronavirus outbreak a pandemic for the first time, and the blue-chip Dow Jones Industrial Average tipped into bear market territory. Plus, Boeing lost close to a fifth of its market value on after news that it had tapped the full amount of a $13.8bn loan to deal with

Mar 12, 2020 • 10:28

Wednesday, March 11

Wednesday, March 11

Joe Biden cemented his lead as the frontrunner in the Democratic presidential race, winning several states including the battleground of Michigan. Plus, airlines cancel flights, withdraw earnings guidance and implement austerity measures to cope with the travel slump caused by the coronavirus outbreak, and the head of the International Energy Agency warns Russia and Saudi Arabia risk hurting efforts to stop the spread of coronavirus if they insist on continuing an oil price war. Then, the FT’s C

Mar 11, 2020 • 9:43

Tuesday, March 10

Tuesday, March 10

A crash in the price of oil rocked financial markets that were already reeling from the effects of the coronavirus. Meanwhile, Italy extended its quarantine to the entire country, two of the world’s largest medical research foundations are teaming up with a Mastercard-backed charity to commit $125m in “seed funding” to develop treatments for Covid-19, and US president Donald Trump says his administration will propose a relief package today to reduce the negative economic effects of the outbreak.

Mar 10, 2020 • 10:05

Monday, March 9

Monday, March 9

Saudi Arabia has launched an aggressive oil price war after Russia refused to join production cuts with Opec, Italy locks down a huge swath of its wealthy northern area that is home to 16m people in order to contain the spread of coronavirus, and Citigroup confirmed that it is severing nearly two-thirds of the platforms it uses for currency trading as part of an effort to cut costs. Plus, Turkey is threatening to allow migrants to flow into Europe unless it gets more funding from the European Un

Mar 9, 2020 • 11:06

Friday, March 6

Friday, March 6

US stocks dropped as Treasury yields touched records lows on Thursday and bank share price falls led the way, struggling Chinese ride-hailing group Didi Chuxing is suffering a further blow due to the coronavirus, and ExxonMobil says it will avoid a “beauty match” on carbon emissions as rivals set out targets. Plus, the world’s biggest oil traders slashed global demand forecasts with growth falling to the weakest levels since the financial crisis. The FT’s Anjli Raval explains how this adds press

Mar 6, 2020 • 9:57

Thursday, March 5

Thursday, March 5

US stocks recovered more than 4 per cent on Wednesday, a day after the Federal Reserve cut interest rates by 50 basis points and spooked investors, Rupert Murdoch’s youngest son, James, is making a seven-figure investment in start-ups aimed at combating fake news, and the US is ready to invest $5bn in Ethiopia in an effort to counter China’s influence in one of Africa’s fastest-growing economies. Plus, banks are gearing up in the event that the coronavirus outbreak forces traders to work offsite

Mar 5, 2020 • 10:26

Wednesday, March 4

Wednesday, March 4

Joe Biden emerged as a major contender in Super Tuesday voting, despite Bernie Sanders winning in California. Meanwhile, the Federal Reserve failed to ease recession fears on Tuesday when it made an emergency interest rate cut. The FT’s Gillian Tett explains why. Plus, Tesla short sellers have reaped $2.8bn as US stocks tumbled, and Airbus is reviewing its 2020 delivery targets as the global spread of coronavirus hits demand from airlines. See acast.com/privacy for privacy and opt-out informatio

Mar 4, 2020 • 8:36

Tuesday, March 3

Tuesday, March 3

US stocks ended a seven-day losing streak on Monday on expectations that central banks will soften the economic impact of the coronavirus outbreak and driverless car company Waymo raises $2.3bn from a group of outside investors. Plus, the FT’s George Parker explains the expectations of both the United Kingdom and the European Union as their trade talks begin.  See acast.com/privacy for privacy and opt-out information.

Mar 3, 2020 • 9:13

Monday, March 2

Monday, March 2

Disruptions caused by the coronavirus are driving the global economy closer to a recession and triggering calls for fiscal and monetary intervention, activist hedge fund Elliott Management is pushing for big changes at Twitter after taking a $1bn stake, and the US state of Wyoming is in talks to buy millions of acres of land from Occidental Petroleum. Plus, if Bernie Sanders is elected US president, his policies have the potential to radically change the US financial system. The FT’s Robert Arms

Mar 2, 2020 • 9:25

Friday, February 28

Friday, February 28

US equities closed in correction territory on Thursday on coronavirus concerns, while Saudi Arabia is asking its Opec allies to agree to a substantial cut in oil production to deal with crippling demand. Plus, a report from Beijing on how China is trying to get its factories back to work, and the FT’s Gillian Tett unpacks how the outbreak is affecting the global economy.   See acast.com/privacy for privacy and opt-out information.

Feb 28, 2020 • 9:49

Thursday, February 27

Thursday, February 27

Donald Trump sought to defuse criticism of his handling of the coronavirus and predicted stock markets would be booming again, while investors are betting that central banks will respond to the financial fallout from the outbreak with stimulus, and Microsoft has warned that supply chain disruption due to the virus will cause the company to miss its revenue guidance for its Windows and Surface products. Plus, Walmart is exploring the sale of a stake in the UK supermarket chain Asda.  See acast.c

Feb 27, 2020 • 9:14

Wednesday, February 26

Wednesday, February 26

A fresh wave of selling pressure rippled across global markets on Tuesday as public health officials warned Americans to prepare for the spread of the coronavirus, Bob Iger has stepped down as chief executive of Walt Disney a year after extending his contract, and Virgin Galactic shares fall after the space tourism company reports that losses widened in the fourth quarter. Plus, there has been a wave of leadership change at European banks in the past few months. The FT’s David Crow explains why

Feb 26, 2020 • 12:03

Tuesday, February 25

Tuesday, February 25

Global stocks had their worst day in two years on Monday as new coronavirus cases outside China dashed hopes that the outbreak had been contained, US energy stocks are now underperforming the main US stock market index by the biggest margin since 1941, disgraced film producer Harvey Weinstein was found guilty by a jury in New York of sex crimes including rape, and HP announced a $16bn buyback plan as it claims to be engaging with printer rival Xerox in deal talks. See acast.com/privacy for priva

Feb 25, 2020 • 10:18

Monday, February 24

Monday, February 24

Barclays is preparing to start a search for a new chief executive to replace Jes Staley, European buyout firm CVC Capital Partners is plotting an ambitious reshaping of one of the world’s most popular sports - rugby, and Italy has imposed a strict quarantine across at least 10 towns to contain the largest outbreak of coronavirus outside of Asia.  Plus, the FT’s Benjamin Parkin previews Donald Trump’s visit to India. See acast.com/privacy for privacy and opt-out information.

Feb 24, 2020 • 9:41

Friday, February 21

Friday, February 21

EU leaders are deadlocked over how to finance the bloc’s next multi-annual budget, a judge handed down a 40 year sentence to Roger Stone on Thursday, saying the Republican political operative was prosecuted for covering up for President Donald Trump, and the luxury industry faces its biggest threat since the 2008 financial crisis with the coronavirus outbreak. Plus, wealthy Arab states have been pouring money into football as part of their effort to diversify the oil-dependent economies. But tha

Feb 21, 2020 • 10:00

Thursday, February 20

Thursday, February 20

UBS names Ralph Hamers from ING as its next chief executive, Boeing asks for a $100m a year tax break from Washington state to be suspended in order to avert retaliatory tariffs this summer, and the UN has teamed up with a New York start-up to develop technology that will attempt to gauge how people living in war zones feel about peace negotiations. Plus, billionaire Michael Bloomberg has made up for his late entry into the Democratic presidential race with an advertising spending spree of nearl

Feb 20, 2020 • 9:17

Wednesday, February 19

Wednesday, February 19

The EU’s richest states have dug in their heels over the region’s budget as European Council president Charles Michel seeks to ease the blow of spending cuts on poorer countries, Donald Trump extended clemency to several high-profile white-collar criminals on Tuesday, including former Illinois governor Rod Blagojevich and financier Michael Milken, and US asset manager Franklin Templeton has agreed to buy rival Legg Mason for $6.5bn including debt. Plus, the FT’s David Crow reports on HSBC’s radi

Feb 19, 2020 • 9:12

Tuesday, February 18

Tuesday, February 18

Apple has warned that disruption in China from the coronavirus will cause its revenues to fall short in the current quarter, Amazon founder Jeff Bezos has announced a $10bn fund to help fight climate change following intense criticism over the e-commerce group’s own environmental impact, and a start-up touted as the “Uber of dry cleaning” collapsed into administration on Friday, wiping out all of its investors, including British businessman Michael Spencer. Plus, the EU has rejected Facebook’s l

Feb 18, 2020 • 8:36

Monday, February 17

Monday, February 17

The head of SoftBank’s $100bn Vision Fund has lined up billions of dollars of outside investment for a new hedge fund-style vehicle, Goldman Sachs and a research boutique have constructed a “synthetic” way for investors to bet more cheaply against Chinese stocks, and Samsung has begun flying electronic components for its latest Galaxy phones from China to its factories in Vietnam as it grapples with sweeping supply chain disruptions caused by coronavirus. Plus, parts of the Middle East and Afric

Feb 17, 2020 • 9:04

Friday, February 14

Friday, February 14

US attorney-general William Barr publicly rebuked Donald Trump, saying the president’s tweets about ongoing criminal cases had made it “impossible” to do his job, while the US Senate voted to limit Mr Trump’s military authority in Iran. Plus, US prosecutors accuse Huawei of stealing technology from several American companies and Amazon wins its request to temporarily block a $10bn US defence contract awarded to Microsoft. Plus, Sajid Javid abruptly quit as UK chancellor on Thursday after a bruta

Feb 14, 2020 • 10:22

Thursday, February 13

Thursday, February 13

Democrats in the US House of Representatives call on attorney-general William Barr to testify over claims of political influence in a case involving a friend of the president, Berkshire Hathaway vice-chairman Charlie Munger shares his pessimistic view of the future, and Europe’s largest telecoms conference has been forced to cancel this year’s event over fears of the spread of coronavirus. Plus, the US Department of Justice is backing Qualcomm as the chipmaker appeals against an antitrust fine f

Feb 13, 2020 • 10:27

Wednesday, February 12

Wednesday, February 12

US senator Bernie Sanders declared victory in the New Hampshire Democratic presidential primary on Tuesday night, ride-sharing service Lyft disappointed investors who were looking for signs of an end to the losses, and electric scooter companies operating in Germany are braced for a setback on the streets as authorities push for a regulatory crackdown. Plus, the FT’s Hannah Kuchler explains why investors are bidding up companies that are working to alleviate the effects of the coronavirus. See a

Feb 12, 2020 • 9:07

Tuesday, February 11

Tuesday, February 11

A federal judge is poised to approve T-Mobile’s takeover of Sprint, according to sources briefed on the matter, Donald Trump has put forward a budget proposal that slashes key planks of the US social safety net while preserving his tax cut, and the woman who was long seen as Angela Merkel’s successor, Annegret Kramp-Karrenbauer, said she would not run for German chancellor. Plus, nearly 150m Americans were compromised in the 2017 Equifax data breach. The FT’s Kadhim Shubber reports on why the US

Feb 11, 2020 • 9:25

Monday, February 10

Monday, February 10

Google has been accused of unfairly promoting its own holiday rental search by more than 30 of its rivals, France’s Covéa is in exclusive talks to buy the Agnelli-owned PartnerRe for $9bn, and the result of Ireland’s general election was tied three ways on Sunday night. Plus, the FT’s San Francisco correspondent, Dave Lee, explains a new pilot programme from Airbnb after a series of shootings at its rentals. See acast.com/privacy for privacy and opt-out information.

Feb 10, 2020 • 9:54

Friday, February 7

Friday, February 7

Uber shares traded higher after hours on Thursday after the ride-hailing company promised profitability in the final quarter of this year, officials in London and Washington told the FT that Donald Trump vented in “apoplectic” fury at Boris Johnson over Britain’s decision to allow China’s Huawei a role in its 5G mobile networks, and activist hedge fund Elliott Management has built a stake worth $2.5bn in SoftBank Group and is pressing for changes. Plus, the FT’s Tom Hancock has been quarantined

Feb 7, 2020 • 9:01

Thursday, February 6

Thursday, February 6

Donald Trump was acquitted on impeachment charges by the Senate on Wednesday, HSBC has decided to hold off on naming a permanent chief executive until after it unveils a strategy shake-up, and Chinese energy executives are projecting a 25 per cent fall in the country’s oil consumption this month due the effects of the coronavirus on demand. Plus, the FT’s Anna Nicolaou explains Spotify’s push into podcasts and what it means for the streaming giant’s music business. See acast.com/privacy for pri

Feb 6, 2020 • 10:15

Wednesday, February 5

Wednesday, February 5

US president Donald Trump claimed “incredible results in boosting the US economy in a State of the Union address to Congress and Pete Buttigieg took a narrow lead in the Iowa Democratic presidential caucuses based on partial results.Plus, sources tell the FT that New York Stock Exchange owner Intercontinental Exchange had held takeover talks with eBay, a top US executive at SoftBank’s $100bn Vision Fund is leaving after expressing concerns about “issues” at the technology conglomerate and Ford s

Feb 5, 2020 • 10:12

Tuesday, February 4

Tuesday, February 4

Opec and its allies are preparing emergency cuts to oil production after the economic fallout of the coronavirus pushed the price of crude into a bear market on Monday, the pace of revenue growth at Google parent Alphabet slowed more sharply than expected in the final quarter of last year, and the German government has drafted a bill to clamp down on anti-competitive behaviour from the likes of Google and Amazon. Plus, results out of the Iowa caucus were delayed Monday night as the state Democra

Feb 4, 2020 • 7:23

Monday, February 3

Monday, February 3

UK prime minister Boris Johnson is expected to set out his vision for future relations with the EU in a speech today, Beijing is poised to pump extra cash into China’s financial system as part of a way to shield the economy from the effects of the deadly coronavirus outbreak, and American voters in Iowa will kick off the US Democratic presidential primary race. Plus, the FT’s Patrick McGee explains why Germany fears being left behind by Silicon Valley and Big Tech. See acast.com/privacy for priv

Feb 3, 2020 • 9:54

Friday, January 31

Friday, January 31

IBM has named Arvind Krishna as the new chief executive to take over from Ginni Rometty, Amazon’s one-day shipping delivered a bumper holiday sales season, and the World Health Organization has declared an international emergency over the new coronavirus epidemic. Plus, as the UK prepares to leave the European Union tonight, the FT’s George Parker says the British population is split between a state of vindication and of sadness. See acast.com/privacy for privacy and opt-out information.

Jan 31, 2020 • 8:54

Thursday, January 30

Thursday, January 30

Shares in Facebook dropped by more than 7 per cent on Wednesday after the company posted the slowest pace of growth since 2012. Plus scientists race to develop a vaccine for the deadly coronavirus, the Federal Reserve leaves its main policy rate unchanged, and Tesla and Microsoft post better than expected quarterly revenues. Then, Claire Bushey reports on Boeing’s first annual loss in more than 20 years. See acast.com/privacy for privacy and opt-out information.

Jan 30, 2020 • 8:13

Wednesday, January 29

Wednesday, January 29

Apple recorded new records for both revenue and income for the holiday sales period, Starbucks has closed more than half of its 4,300 outlets in China over the coronavirus, Senate Republican leaders put pressure on colleagues to block witnesses in Donald Trump’s impeachment trial, and Mr Trump unveiled his long-delayed Middle East peace plan. Plus, Goldman Sachs chief executive David Solomon is taking a gamble on consumer banking. The FT’s Laura Noonan reports on the bank’s overhaul, and what ha

Jan 29, 2020 • 10:28

Tuesday, January 28

Tuesday, January 28

Airbus is on the brink of settling a bribery and corruption probe with regulators in the UK, France and the US, Boris Johnson feels increasing heat over Huawei’s role in the UK mobile phone network, and Donald Trump’s lawyers tried to shift the focus of his Senate impeachment trial away from revelations from former national security adviser John Bolton. Plus, global equity markets and oil prices fell sharply on Monday over concerns that the Coronavirus would slow China’s economic growth. The FT’

Jan 28, 2020 • 9:08

Monday, January 27

Monday, January 27

An internal probe showed that Deutsche Bank paid $1.1m to secure the wealth management business of a senior Saudi royal, Beijing has warned that the spread of the deadly coronavirus is expected to accelerate, and the Trump administration has warned that it would “react” with possible punitive measures against the EU for a carbon tax plan. Plus, more than three years after the Brexit referendum, the UK will leave the EU this week. The FT’s George Parker breaks down how the relationship might look

Jan 27, 2020 • 9:32

Friday, January 24

Friday, January 24

A powerful rebound in Intel’s data centre division drove a stronger than expected recovery in the final quarter of 2019, former Wells Fargo chief executive John Stumpf has agreed to pay $17.5m as part of a settlement with US regulators over the bank’s fake accounts scandal, and the European Central Bank begins its first strategic review in 16 years. Plus, the founder of the opioid maker Insys has been sentenced to five-and-a-half years in prison. The FT’s Hannah Kuchler explains what this means

Jan 24, 2020 • 9:34

Thursday, January 23

Thursday, January 23

Chinese authorities have shut down Wuhan transport networks in its efforts to contain the outbreak of a deadly Sars-like virus. Plus, the stock market value of Tesla topped $100bn for the first time on Wednesday, and Boeing’s new chief executive, David Calhoun, insists the 737 Max will fly again. Plus, the FT’s Tim Bradshaw takes a look at the competitive market for food delivery apps, and which companies are fighting to take your order.   See acast.com/privacy for privacy and opt-out informati

Jan 23, 2020 • 10:38

Wednesday, January 22

Wednesday, January 22

The US Senate rejected Democratic bids to subpoena documents on the first day of the impeachment trial of Donald Trump, a slowdown in the US continues to weigh on Netflix’s subscriber growth, and the UK is set to go ahead with plans to introduce a new digital tax against US companies despite the threat of tariffs. Plus, Saudi Crown Prince Mohammed bin Salman has been implicated in a hack involving Jeff Bezos’s phone, Boeing has told customers and suppliers that the 737 Max will now stay grounded

Jan 22, 2020 • 9:31

Tuesday, January 21

Tuesday, January 21

The US Senate impeachment trial of Donald Trump begins today. Republican Senate majority leader Mitch McConnell proposed rules on Monday evening that outraged Democrats. Plus, lawyers for Huawei’s Meng Wanzhou told a Canadian courtroom that the US extradition case against the executive amounted to “fiction”, France signals a breakthrough in talks to resolve a spat over digital taxes with the US, and the UK could be fined or lose preferential access to the European market if it violates the terms

Jan 21, 2020 • 9:32

Monday, January 20

Monday, January 20

US government-funded technology companies have recorded an increase in the use of circumvention software in Iran in recent weeks, the UK’s pledge to diverge from EU rules after Brexit has provoked alarm in Brussels, and a successful emergency escape simulation puts SpaceX on track for a launch with Nasa astronauts. Plus, the FT’s Andrew Edgecliffe-Johnson explains how climate change and Big Tech will drive the agenda at this year’s World Economic Forum annual meeting in Davos. Hosted on Acast.

Jan 20, 2020 • 8:56

Friday, January 17

Friday, January 17

Investors catapulted Alphabet’s stock market value above $1tn for the first time on Thursday, Comcast’s NBCUniversal unveils a new streaming service that will be free to many customers, and Italy’s collapsing birth rate raises alarm bells. Plus, a non-partisan government watchdog said the White House violated the law by withholding US military aid to Ukraine last year. The FT’s Kadhim Shubber explains what this means for Donald Trump’s impeachment trial. See acast.com/privacy for privacy and opt

Jan 17, 2020 • 8:24

Thursday, January 16

Thursday, January 16

The US and China have signed an agreement to pause the trade war that has weighed on the global economy for nearly two years, flying taxi start-up Joby Aviation secures $590m in a new funding round led by Toyota, and legal costs from the 1MDB bribery scandal hit Goldman Sachs earnings. Plus, the FT’s Lionel Barber shares the highlights from his exclusive interview with German chancellor Angela Merkel. See acast.com/privacy for privacy and opt-out information.

Jan 16, 2020 • 8:42

Wednesday, January 15

Wednesday, January 15

The US House of Representatives will vote today on sending articles of impeachment against President Donald Trump to the Senate, Boeing has ceded the crown as the world’s biggest plane maker to rival Airbus, and investment in UK-based tech start-ups exceeded £10bn for the first time last year. Plus, JPMorgan Chase kicked off the Wall Street earnings season by posting a record profit. The FT’s Rob Armstrong will unpack the figures. Hosted on Acast. See acast.com/privacy for more information

Jan 15, 2020 • 8:13

Tuesday, January 14

Tuesday, January 14

The UK government is trying to claw back some of the £10m paid to trade organisations to prepare for a no-deal Brexit, US officials have presented the UK with new intelligence challenging the claim that Britain would be able to mitigate the risks of adopting Huawei technology in its 5G network, and the US Treasury department has dropped the designation of China as a currency manipulator. Plus, tonight, six Democratic hopefuls will take part in the final US presidential primary debate before the

Jan 14, 2020 • 9:56

Monday, January 13

Monday, January 13

Nissan executives have accelerated secret contingency planning for a potential split from Renault, the head of MI5 says he has “no reason to think” that the UK’s intelligence-sharing relationship with the US would be hit if Britain adopted Huawei technology in its 5G mobile phone network, and JAB Holdings-owned Panera Bread is set to reduce the proportion of meat-based items on its menu by a third. Plus, the crisis at Boeing has deepened after the release of damning internal messages. The FT’s C

Jan 13, 2020 • 8:25

Friday, January 10

Friday, January 10

The US House of Representatives votes in favour of limiting president Donald Trump’s military powers against Iran, Western intelligence officials believe a plane that crashed in Iran killing 176 people was mistakenly brought down by an Iranian missile, and Britain is preparing to activate a new post-Brexit sanctions regime. Plus, the FT’s Patrick McGee breaks down both the outlandish and realistic ideas that came out of this year’s Consumer Electronics Show in Las Vegas. See acast.com/privacy f

Jan 10, 2020 • 9:16

Thursday, January 9

Thursday, January 9

Donald Trump backs away from military action against Iran, European Commission president Ursula von der Leyen visits London in her first meeting with UK prime minister Boris Johnson, and Jeffrey Katzenberg and Meg Whitman promote their new mobile video start-up, Quibi. Plus, the FT’s Chloe Cornish reports on Carlos Ghosn’s first press conference since his escape from Japan.   See acast.com/privacy for privacy and opt-out information.

Jan 9, 2020 • 10:00

Wednesday, January 8

Wednesday, January 8

Iran fires more than a dozen missiles at bases in Iraq hosting American troops in retaliation for the US killing of Qassem Soleimani. Plus, Bank of England governor Mark Carney says central banks are running low on ammunition to fight a recession, Venezuelan opposition leader Juan Guaidó reclaims his post as the head of congress, Boeing recommends simulator training for 737 Max pilots, and US Senate majority leader Mitch McConnell says Republicans have the votes to move ahead with Donald Trump’s

Jan 8, 2020 • 9:42

Tuesday, January 7

Tuesday, January 7

The top US military official denied that America would be pulling troops out of Iraq, blaming a leaked “draft” letter indicating otherwise. Plus, Donald Trump’s former national security adviser, John Bolton, said he is willing to testify in the president’s Senate impeachment trial if subpoenaed, and disgraced movie mogul Harvey Weinstein faces new sexual assault charges in Los Angeles as he prepares for the start of a criminal trial in Manhattan.  See acast.com/privacy for privacy and opt-out i

Jan 7, 2020 • 7:45

Monday, January 6

Monday, January 6

France warns the US about the repercussions of imposing tariffs in response to the digital services tax on the likes of Google and Amazon, Boris Johnson is expected to pressure the European Commission to fast-track Brexit-related trade talks, and Spain is one step closer to its first coalition government in modern times after a parliamentary vote on Sunday. Plus, the FT’s Katrina Manson reports on the fallout from the US assassination of Qassem Soleimani. See acast.com/privacy for privacy and o

Jan 6, 2020 • 9:17

Friday, January 3

Friday, January 3

US regulators unveil long-awaited restrictions on some flavoured e-cigarettes, Bernie Sanders notched up the biggest quarterly money haul so far of any Democratic US presidential candidate and Brussels is preparing a fresh push to create an EU-wide tax on plastic waste. Plus, the FT’s David Sheppard highlights what investors will be watching in the oil markets in 2020.  See acast.com/privacy for privacy and opt-out information.

Jan 3, 2020 • 10:02

Thursday, January 2

Thursday, January 2

Lebanon pressed for Carlos Ghosn’s return one week before the former Nissan chairman escaped from Tokyo and Google Health has created a system that can identify breast cancer more accurately than radiologists. Plus, the FT’s Robin Harding explains why employees are gaining more power in Japan’s changing labour market.   See acast.com/privacy for privacy and opt-out information.

Jan 2, 2020 • 9:34

Tuesday, December 31

Tuesday, December 31

Private equity groups spent more on deals this year than at any time since the financial crisis, investors gear up for the final day of share trading in 2019, and former Nissan chief Carlos Ghosn leaves Japan, where he was on house arrest, for Beirut. Plus, the FT’s companies editor, Tom Braithwaite, breaks down the year in IPOs. See acast.com/privacy for privacy and opt-out information.

Dec 31, 2019 • 9:17

Monday, December 30

Monday, December 30

Fraudsters are milking companies of tens of billions of dollars a year with fake responses to online ads, new documents reveal that WeWork will have to pay $17m for some executives’ golden parachutes, and the number of small businesses being created in France has surged this year. Plus, why Warren Buffett says companies cannot be moral arbiters. See acast.com/privacy for privacy and opt-out information.

Dec 30, 2019 • 9:17

Friday, December 20

Friday, December 20

Andrew Bailey has been selected as the new governor of the Bank of England, Democrats and Republicans trade barbs over tactics in the delay to President Trump’s Senate impeachment trial and Uber’s former chief executive, Travis Kalanick, has sold the majority of his stake in the company. Plus the FT’s US markets editor, Jennifer Ablan, explains why investors have piled into some of the riskiest US debt as the year draws to a close. See acast.com/privacy for privacy and opt-out information.

Dec 20, 2019 • 6:57

Thursday, December 19

Thursday, December 19

The Bank of England admits that high-speed traders have been able to listen in on market-sensitive press conferences, the man who came to be a symbol of corporate corruption is granted an early release from his 25-year sentence, and the challenge faced by European carmakers from electric vehicles sees Fiat Chrysler and PSA strike a deal to create the fourth-largest automaker in the world. Plus, the US House of Representatives voted to impeach president Donald Trump. The FT’s US managing editor,

Dec 19, 2019 • 9:04

Wednesday, December 18

Wednesday, December 18

FedEx cuts its annual earnings guidance for the second time in three months, a new report shows that Royal Dutch Shell paid no corporate income tax in the UK in 2018 and Sterling surrendered its post-election gains on Tuesday after Boris Johnson signalled he will try to push legislation that could cause a “cliff-edge” Brexit next year. Plus, like other countries in central Europe, Poland is facing a labour shortage. The FT’s James Shotter explains how some Polish manufacturers are replacing thes

Dec 18, 2019 • 8:13

Tuesday, December 17

Tuesday, December 17

Global stocks hit fresh record highs on Monday as the US and China hit pause on the long-running trade war, while Mexico and the US resolve a row over the enforcement of labour provisions in the USMCA trade pact, Netflix reveals how quickly it is growing outside of the US and Boeing plans to temporarily suspend production of the 737 Max in January. Plus, the FT’s Kiran Stacey explains why US technology companies are pushing back on a call from the Trump administration to cut Huawei out of their

Dec 17, 2019 • 8:19

Monday, December 16

Monday, December 16

A deal to implement the new USMCA trade agreement was under threat after Mexico said it did not agree to certain provisions, Apple will face a shareholder vote next year calling for the iPhone maker to publicly commit to respecting freedom of expression as a human right and Boris Johnson plans to pour billions of pounds into the midlands and north of England after his election win. Plus, the FT’s Leslie Hook explains why UN climate delegates in Madrid could not reach a deal on the last article o

Dec 16, 2019 • 9:50

Friday, December 13

Friday, December 13

Boris Johnson declared a powerful mandate for Brexit after a crushing UK election victory. The FT’s Sebastian Payne breaks down the results. Plus, the US House of Representatives judiciary committee pushes a critical vote on the impeachment process into Friday, and the US and China were closing in on a limited trade deal on Thursday night.Follow live updates on the UK election at FT.com/ukelection. See acast.com/privacy for privacy and opt-out information.

Dec 13, 2019 • 9:48

Thursday, December 12

Thursday, December 12

The Federal Reserve leaves its policy rate unchanged and indicates that it has no plans to make changes through 2020, and the climate summit in Madrid could stall over the question of how to create a global carbon trading market. Plus, new findings show the US Federal Aviation Administration failed to ground Boeing’s fleet of 737 Max aircraft even after its analysis showed the plane was more accident-prone than most aircraft, Israel faces its third election in a year, and Harvey Weinstein reache

Dec 12, 2019 • 9:17

Wednesday, December 11

Wednesday, December 11

UK prime minister Boris Johnson makes a final plea to voters in the “most important election in a lifetime”, Saudi Arabia renews its push for a $2tn valuation for Saudi Aramco, Democrats in the US House of Representatives unveil two articles of impeachment against president Donald Trump and trade negotiators from the US, Canada and Mexico sign changes to the USMCA trade pact. Plus, the FT’s Alan Beattie explains why European countries are turning to green trade policy and why some critics say it

Dec 11, 2019 • 8:59

Tuesday, December 10

Tuesday, December 10

Donald Trump says “a lot of strides” have been made on the USMCA trade deal, Morgan Stanley is cutting around 1,500 jobs worldwide, Amazon claims it was denied a $10bn US defence contract because of pressure from the president and SoftBank has agreed to sell its nearly 50 per cent stake in Wag back to the dog walking company. Plus, Paul Volcker has died at the age of 92. The FT’s Gillian Tett looks back on the life and legacy of the former Federal Reserve board chairman.    See acast.com/privacy

Dec 10, 2019 • 9:57

Monday, December 9

Monday, December 9

Beijing orders all government offices and public institutions to remove foreign computer equipment and software within three years, the FBI is treating a US naval base shooting as an apparent terrorist attack, even though the White House is not and UK officials are questioning Boris Johnson’s claims that Britain will make a clean break with the EU in December in 2020. Plus, the FT’s Laura Hughes lays out Northern Ireland’s role in the UK general election in the days leading up to the vote.  See

Dec 9, 2019 • 9:10

Friday, December 6

Friday, December 6

Dark money has made it way into political advertising in the UK general election, buyout group CVC Capital Partners holds talks with Fifa and Real Madrid about creating new global football tournaments and Speaker of the US House of Representatives, Uber releases its first-ever safety report and Nancy Pelosi, instructs fellow Democrats to draw up articles of impeachment against Donald Trump. Plus, the FT’s Anjli Raval breaks down Saudi Aramco’s $25.6bn IPO as Opec leaders meet in Vienna.  See aca

Dec 6, 2019 • 9:50

Thursday, December 5

Thursday, December 5

Former World Bank president Robert Zoellick delivers a public rebuke of Donald Trump’s China policy, Boris Johnson vows not to involve Huawei in Britain’s 5G telecommunications networks if it compromises the country’s ability to work with security allies and the owners of the New York Mets are in talks to sell up to 80 per cent of the baseball club to hedge fund manager Steven Cohen. Plus, Saudi Arabia is pushing Opec to announce a deeper oil production cut. See acast.com/privacy for privacy and

Dec 5, 2019 • 7:02

Wednesday, December 4

Wednesday, December 4

Google co-founders Larry Page and Sergey Brin step back from their day-to-day roles at Alphabet, US senator Kamala Harris drops out of the 2020 presidential race and the 70th-anniversary summit of Nato begins on a fractious note.  Plus, US House Democrats have accused Donald Trump of abusing his office for political gain. The FT’s Peter Spiegel unpacks the report that will pave the way for articles of impeachment and a trial in the Senate.  See acast.com/privacy for privacy and opt-out informati

Dec 4, 2019 • 9:34

Tuesday, December 3

Tuesday, December 3

The Trump administration is on a tariff blitz, proposing levies on goods from France, the EU, Brazil and Argentina. In the UK, the Conservative party braces for what could be the most perilous week of the election campaign, and Sweden backs away from negative rates despite a weakening economy. See acast.com/privacy for privacy and opt-out information.

Dec 3, 2019 • 8:42

Monday, December 2

Monday, December 2

The Federal Reserve is considering letting inflation run above its 2 per cent target, UK politicians play a blame game after Friday’s tragedy at London Bridge and the EU’s ambitious new commission is likely to be overshadowed by a festering row over the budget. Plus, we will look at what Brussels is doing to retool industrial policy.  See acast.com/privacy for privacy and opt-out information.

Dec 2, 2019 • 8:57

Friday, November 29

Friday, November 29

US political parties develop new technology that will access voters through the phone contacts of their supporters, OECD data shows the European Union is hit hard by the global trade slowdown and premium economy class overtakes business on several airline carriers as the most profitable seats. Plus, the latest on Japan South Korea tensions. The FT’s Edward White explains why South Korean forced labour victims are being lobbied to drop their claims for reparations. See acast.com/privacy for priva

Nov 29, 2019 • 9:01

Thursday, November 28

Thursday, November 28

US President Donald Trump signs two bills supporting Hong Kong’s pro-democracy protesters, Christine Lagarde pushes for climate change to be part of a strategic review of the European Central Bank’s purpose and assets under management at Fisher Investments hit a record high of $115bn at the end of October despite lewd remarks by its founder, Ken Fisher. Plus, India’s growth numbers are due out Friday. The FT’s Benjamin Parkin explains what is behind the country’s deepening economic slowdown. See

Nov 28, 2019 • 9:32

Wednesday, November 27

Wednesday, November 27

Xerox said it would take its proposal for a $33bn takeover of HP directly to the personal computer maker’s shareholders, Nasdaq’s listings business is on course to eclipse that of bitter rival the New York Stock Exchange this year and Manchester City’s owner has agreed to sell a $500m stake to private equity firm Silver Lake in a deal that breaks a record in sports valuations. Plus, the FT’s Leslie Hook explains why China’s commitment to renewable energy has lagged in recent years, and why it’s

Nov 27, 2019 • 9:47

Tuesday, November 26

Tuesday, November 26

Companies unleash a wave of global takeovers, agreeing to more than $70bn in deals, famed investor Bill Gross warns that US stock and bond markets are set for a tougher time in 2020, a judge rules that Donald Trump cannot stop his most senior advisers testifying to Congress and revised official data show that Mexico’s economy has entered a technical recession. Plus, Uber has been stripped of its London licence. The FT’s Tim Bradshaw explains what it means for the ride-sharing company.  See acast

Nov 26, 2019 • 9:34

Monday, November 25

Monday, November 25

Pro-democracy candidates take more than half of seats in Hong Kong’s local council elections amid record voter turnout, UK prime minister Boris Johnson launches a low-risk Conservative manifesto and Michael Bloomberg officially announces he is running for US president. Plus, LVMH is set to buy Tiffany & Co for $16.7bn. The FT’s Eric Platt breaks down the latest offer. See acast.com/privacy for privacy and opt-out information.

Nov 25, 2019 • 8:27

Friday, November 22

Friday, November 22

Politicians and privacy campaigners call for Google’s $2.1bn deal for Fitbit to be blocked, Israeli prime minister Benjamin Netanyahu will be hit by prosecutors on bribery, fraud and breach of trust charges, and a subsidiary of China’s largest construction group has suspended work on one of the nation’s tallest skyscrapers. Plus, the FT’s Eric Platt explains why Charles Schwab is ready to put down $25bn to acquire TD Ameritrade.  See acast.com/privacy for privacy and opt-out information.

Nov 22, 2019 • 8:47

Thursday, November 21

Thursday, November 21

The US ambassador to the EU, Gordon Sondland, turns against Donald Trump in an explosive impeachment testimony, Saudi Arabia marginalises global banks in the final stage of Saudi Aramco’s flotation process and GM sues rival Fiat Chrysler, claiming FCA bribed officials of the UAW union during bargaining talks with GM. Plus, the FT’s Alistair Gray explains why Walmart is thriving once again.  See acast.com/privacy for privacy and opt-out information.

Nov 21, 2019 • 10:10

Wednesday, November 20

Wednesday, November 20

Boris Johnson narrowly beats rival Jeremy Corbyn in a high-stakes televised duel, Lieutenant Colonel Alexander Vindman, a current White House official, testifies that Donald Trump made an ‘improper” demand in a July 25 phone call with the Ukrainian president, and the US National Transportation Safety Board says the main cause of a fatal accident involving a self-driving Uber was the back-up driver’s “failure” to monitor the road. Plus, the FT’s Anna Gross breaks down why the Brazilian president’

Nov 20, 2019 • 10:01

Tuesday, November 19

Tuesday, November 19

Alibaba is set to raise up to $13.4bn in a secondary listing in Hong Kong even as violence in the financial centre intensifies. Many see the IPO as a critical test of confidence in both Hong Kong and Beijing. Next, Coty buys a controlling stake in Kylie Jenner’s cosmetics company and UK prime minister Boris Johnson shelves a proposed cut to corporation tax at the CBI’s annual conference on Monday.  Plus, Facebook declared that it had shut down 5.4bn fake accounts in the first nine months of this

Nov 19, 2019 • 9:41

Monday, November 18

Monday, November 18

Saudi Aramco scales back the initial public offering of its state oil giant, Nancy Pelosi, the Speaker of the US House of Representatives, says she will “make sure” President Donald Trump does not “intimidate” the whistleblower who sparked the impeachment inquiry, UK prime minister Boris Johnson is expected to pledge to reduce business rates and provide a series of tax breaks worth about £1bn a year and HP’s board of directors unanimously rejects a $22-a-share bid from rival Xerox. Plus, the FT’

Nov 18, 2019 • 9:29

Friday, November 15

Friday, November 15

The US and China are struggling to complete a ‘phase one’ deal to halt their trade war, former Goldman Sachs chief executive Lloyd Blankfein takes aim at US Democratic presidential candidate Elizabeth Warren, saying that “maybe tribalism is just in her DNA” and Amazon’s Jeff Bezos is fighting back against the Trump administration award of the $10bn Jedi military contract to Microsoft. Plus, the FT’s Madhumita Murgia reports on Google’s plan to lock down advertisers’ access to personal user data.

Nov 15, 2019 • 9:52

Thursday, November 14

Thursday, November 14

WeWork said its losses more than doubled to $1.3bn in the third quarter of 2019, researchers say a smartphone app developed by the Home Office for EU citizens has serious vulnerabilities, Google is talking to US banks about offering checking accounts to its customers and outgoing European Council president Donald Tusk takes aim at Brexiters “longing for the Empire”. Plus, the FT’s Peter Spiegel analyses the first day of public impeachment hearings on the Trump administration’s dealings with Ukra

Nov 14, 2019 • 9:45

Wednesday, November 13

Wednesday, November 13

Some popular UK health websites are sharing people’s sensitive data to ad-targeting giants such as Google, Amazon and Facebook, and US president Donald Trump threatens to escalate the trade war with China if no truce is reached. Plus,Tesla has plans to bring its first European production site to Berlin and Spain’s Socialist party strikes a deal with the radical leftwing Podemos party in what could be the country’s first modern coalition government. Plus, Germany is on the brink of a recession, b

Nov 13, 2019 • 8:28

Tuesday, November 12

Tuesday, November 12

Sources tell the FT that US private equity firm Cerberus has lost faith in Deutsche Bank’s chairman Paul Achleitner and is pushing for him to be replaced, WeWork has held talks with T-Mobile US boss John Legere to become its new chief executive and KKR woos Walgreens with a $70bn buyout proposal. Plus, the FT’s political editor George Parker unpacks how the UK elections have unravelled and what to expect next.  See acast.com/privacy for privacy and opt-out information.

Nov 12, 2019 • 8:13

Monday, November 11

Monday, November 11

Christine Lagarde is expected to face calls for an overhaul of how the European Central Bank decides monetary policy, Apple has piled on more than $400bn of market capitalisation so far this year, Bolivia’s socialist President Evo Morales has stepped down after almost 14 years in power and elections in Spain failed to break the country’s political impasse. Plus, the FT’s Anna Nicolaou explains why teens and media executives, alike, are taking note of TikTok.  See acast.com/privacy for privacy an

Nov 11, 2019 • 9:06

Introducing FT Politics: UK Election Countdown

Introducing FT Politics: UK Election Countdown

We have another FT podcast to share. With FT Politics: UK Election Countdown, you can keep up with the twists and turns of the December 12 poll.The first week of the election did not go to plan for the Conservatives, as their campaign was beset by gaffes and mistakes. Can Boris Johnson get back on track? Is Labour pleased with how its campaign is going? Plus, the politics team delves into the new fiscal rules pledged by both parties and what the spending splurge means.You can find FT Politics: U

Nov 9, 2019 • 31:42

Friday, November 8

Friday, November 8

Bankers for Saudi Aramco’s initial public offering have dangled the possibility of bonus payouts that could take the company’s annual dividend past $100bn and Disney’s costs climb as it gets ready to debut its new streaming service. Meanwhile, billionaire and former mayor of New York City Michael Bloomberg has taken his first official steps to run for the Democratic presidential nomination in 2020, US stocks closed at record highs on Thursday following reports that Washington and Beijing agreed

Nov 8, 2019 • 8:39

Thursday, November 7

Thursday, November 7

Airbnb is being valued at up to $42bn by investors buying indirect stakes ahead of an IPO next year and the US Department of Justice has charged two former Twitter employees with using the platform to spy for the Saudi government. Meanwhile, SoftBank founder Masayoshi Son admits turning a “blind eye” to governance lapses at WeWork, Uber shares hit a new low on Wednesday following the end of the early investors’ lock-up period and Xerox launches a bid to acquire its much larger rival HP for more

Nov 7, 2019 • 9:10

Wednesday, November 6

Wednesday, November 6

Donald Trump’s envoy to the EU acknowledges Ukraine aid was linked to a probe into Joe Biden, Ikea and H&M resist retail disruption by investing hundreds of millions of euros into venture capital investments and Germany’s finance minister, Olaf Scholz, offers hope of a breakthrough in plans to create a full eurozone banking union. Plus, an FT investigation shows that air pollution on the London Underground is as much as 10 times above health guidelines. See acast.com/privacy for privacy and opt

Nov 6, 2019 • 9:34

Tuesday, November 5

Tuesday, November 5

Uber’s rising revenue fails to stem a large loss in the third quarter and SoftBank tightens governance at companies it backs following the near collapse of WeWork. Meanwhile, Trump administration officials debate whether to remove some existing tariffs on Chinese goods to seal a partial deal, UK MPs vote in favor of Lindsay Hoyle as the next Speaker of the House of Commons, and a second senior executive leaves McDonald’s after the chief executive was fired over a relationship with an employee. P

Nov 5, 2019 • 8:48

Monday, November 4

Monday, November 4

The whistleblower who sparked the impeachment inquiry into Donald Trump agrees to answer questions by House Republicans, Saudi Aramco launches its long-awaited IPO, regulators call on Deutsche Bank’s Christian Sewing to give up his dual role as chief executive and investment bank head, and McDonald’s sacks its chief executive over a relationship the fast-food giant said is a violation of company policy. Plus, Facebook, Google and other big technology companies are facing several US investigation

Nov 4, 2019 • 9:18

Friday, November 1

Friday, November 1

The US House of Representatives votes to begin a new public phase in the impeachment inquiry into Donald Trump, Adam Neumann’s former chief of staff accuses WeWork and its co-founder of discriminating against women, Shares in Pinterest fall after the company reported third-quarter revenues below expectations and Altria writes down the value of its investment in Juul by $4.5bn. Plus, the FT’s David Crow explains why European banks have run out of options to protect profits.   See acast.com/privac

Nov 1, 2019 • 9:14

Thursday, October 31

Thursday, October 31

The US Department of Justice strikes a deal with the Malaysian financier at the centre of the 1MDB scandal, Apple posts quarterly earnings showing strong accessory sales even as smartphone and Mac sales declined, and new documents reveal that Boeing pushed to limit expensive pilot training for its 737 Max jet. Plus, the Federal Reserve cut interest rates for the third time this year. The FT’s Jennifer Ablan explains what this signals about the central bank’s outlook for the US economy. See acas

Oct 31, 2019 • 7:48

Wednesday, October 30

Wednesday, October 30

British MPs set a general election for December 12, the owner of French carmaker Peugeot is in merger talks with rival Fiat Chrysler Automobiles to create a company worth more than $47bn, and US senators lash out at Boeing chief executive Dennis Muilenburg in his first appearance before Congress since the two fatal crashes of its 737 max jet. Plus, the FT’s Mehul Srivastava reports on a WhatsApp hack that led to the targeting of 100 journalists and dissidents. See acast.com/privacy for privacy

Oct 30, 2019 • 10:30

Tuesday, October 29

Tuesday, October 29

Alphabet revenues were hit by rising costs in the third quarter despite a strong performance by Google’s ad business, and UK prime minister Boris Johnson will push ahead with another attempt to set a December general election. Plus, the FT reports that TikTok parent company ByteDance is planning to go public in Hong Kong next year, Beyond Meat posts its first quarterly profit since going public and the US House of Representatives will vote to formalise its impeachment inquiry. Then, Sir Richard

Oct 29, 2019 • 9:07

Monday, October 28

Monday, October 28

Alberto Fernández defeats Mauricio Macri to become the next president of Argentina, Lloyds Banking Group failed to pass on the wills of thousands of deceased customers to their families and President Donald Trump announces that Isis Leader, Abu Bakr al-Baghdadi, was killed by US special forces. Plus, the FT’s San Francisco correspondent Patrick McGee explains how Uber is trying to become the west’s first super-app. See acast.com/privacy for privacy and opt-out information.

Oct 28, 2019 • 8:09

Friday, October 25

Friday, October 25

Amazon shares dropped as much as 9 per cent in after-hours trading on Thursday after the company reported lower profits than a year ago, Boris Johnson makes a fresh push for a UK general election, the European Central Bank keeps rates on hold at president Mario Draghi’s last policy meeting and Paris overtakes Berlin in tech start-up activity. Plus, leftwing populists are poised to retake power in Argentine elections on Sunday. The FT’s Colby Smith explains what this could mean for the country’s

Oct 25, 2019 • 8:50

Thursday, October 24

Thursday, October 24

Tesla shares soar 20 per cent in after-hours trade after posting a net profit in the third quarter, and Donald Trump says he will remove sanctions imposed on Turkey a day ahead of a Nato defence ministers meeting. Plus, WeWork plans to axe 4,000 jobs, European Council president Donald Tusk is trying to persuade leaders to back a Brexit delay and Boris Johnson’s government and party are split on whether to push for a general election. Then, the FT’s Washington correspondent, Kiran Stacey, unpacks

Oct 24, 2019 • 9:33

Wednesday, October 23

Wednesday, October 23

British MPs back Boris Johnson’s Brexit deal in principle, but derail his attempt to take the UK out of the EU by October 31, and US commerce secretary Wilbur Ross floats new talks with the EU as an alternative to imposing car tariffs next month. Plus, the top US diplomat in Kiev says Donald Trump withheld Ukraine aid over a request to investigate political rivals, Turkey and Russia agree to the removal of Kurdish fighters from a buffer zone in north-east Syria, the Chinese government is drawing

Oct 23, 2019 • 9:11

Tuesday, October 22

Tuesday, October 22

Justin Trudeau’s Liberal party was set for a minority government win in Canada’s general election, SoftBank floats a $9.5bn proposal to take control of WeWork, Israeli prime minister Benjamin Netanyahu abandons attempts to build a governing coalition, researchers at IBM claim that Google is wrong to say it is the first to achieve “quantum supremacy” and three drug distributors, as well as two pharmaceutical companies, sketch out a $48bn proposal to settle lawsuits related to the US opioid epidem

Oct 22, 2019 • 7:43

Monday, October 21

Monday, October 21

Boris Johnson makes a new attempt to win parliament’s backing for his Brexit deal on Monday, UK officials say a Russian cyberattack unit “masqueraded” as Iranian hackers to lead attacks against 35 countries and Standard Chartered chief executive Bill Winters is planning to accept a voluntary pay cut in response to a dispute over his pension allowance. Plus, Canadians will go to the polls in a general election today. FT contributor Jason Kirby reports on what is at stake for prime minister Justin

Oct 21, 2019 • 9:02

Friday, October 18

Friday, October 18

Boris Johnson attempts to secure parliamentary support for his Brexit deal, Saudi Aramco postpones the launch of its long-awaited initial public offering and Facebook reveals a project to prevent minors from being exploited on its platforms. Plus, Turkey agrees to pause its military incursion in Syria as the US pledges to ease sanctions, and Mick Mulvaney, acting White House chief of staff, makes an admission regarding Donald Trump’s July phone call to Ukraine. With Lauren Fedor, FT Washington c

Oct 18, 2019 • 9:27

Thursday, October 17

Thursday, October 17

Brexit negotiators wrangle over the terms of a deal ahead of the start of Thursday’s EU summit, Netflix missed its forecast for new subscribers for the second straight quarter, thousands of Hong Kong’s wealthy residents are opening bank accounts in Singapore and other financial centres as they try to protect themselves against the territory’s unrest, IBM came up short of Wall Street’s revenue expectations in the latest quarter, the US House of Representatives voted to condemn president Donald Tr

Oct 17, 2019 • 7:05

Wednesday, October 16

Wednesday, October 16

The US House of Representatives passed an act voicing strong support for Hong Kong pro-democracy protesters, and Boris Johnson was on Tuesday night locked in a race against time to secure a Brexit deal. Plus, the IMF slashes global growth forecasts, Rudy Giuliani refuses to comply with a congressional subpoena that is part of the impeachment inquiry investigating Donald Trump, and the price of WeWork’s bonds dropped to new lows on Tuesday. Then, the FT’s Laura Noonan tells us why some bankers ar

Oct 16, 2019 • 9:01

Tuesday, October 15

Tuesday, October 15

Donald Trump imposes sanctions against Turkish officials, hopes fade for a Brexit deal at a European summit this week, Facebook admits doubts about its digital currency, Libra, as regulatory hurdles loom and African swine fever drives up European pork prices. Plus, the FT’s James Politi explains why the US-China trade truce reached last week is still fragile. See acast.com/privacy for privacy and opt-out information.

Oct 15, 2019 • 8:05

Monday, October 14

Monday, October 14

UK prime minister Boris Johnson gears up for what could be a historic week for Brexit ahead of the EU leaders’ summit, US banks enter the earnings season with the Federal Reserve in rate-cutting mode and the FT’s Andrew Edgecliffe-Johnson explains how in Levi Strauss’s rebirth as a public company, it still manages to meet its ‘profits through principles’ mission. See acast.com/privacy for privacy and opt-out information.

Oct 14, 2019 • 9:51

Friday, October 11

Friday, October 11

Sterling had its biggest day since March on Thursday amid hopes for a Brexit deal, James Murdoch’s new holding company has agreed to buy a minority stake in Vice Media and the US and China are aiming to reach a trade war truce as early as this week. Plus, the FT’s Frankfurt bureau chief Martin Arnold explains how the European Central Bank’s divide over quantitative easing is affecting the global economy.  See acast.com/privacy for privacy and opt-out information.

Oct 11, 2019 • 9:47

Thursday, October 10

Thursday, October 10

US senators will propose sanctions on Turkey after President Recep Tayyip Erdogan launched an offensive in north-east Syria, EU leaders issue an ultimatum to UK prime minister Boris Johnson ahead of crucial Brexit talks with his Irish counterpart Leo Varadkar and leaked documents show the European Central Bank decided to restart its bond-buying programme last month over the objections of its own officials. Plus, the FT’s Kadhim Shubber explains what options are still on the table for US Congress

Oct 10, 2019 • 9:24

Wednesday, October 9

Wednesday, October 9

US stocks staged a late-session sell-off on Tuesday after the Trump administration ratcheted up pressure on China ahead of trade talks after it imposed visa restrictions on individuals, at least 50 conservative UK MPs threaten to revolt against a general election manifesto that pledges to pursue a no-deal Brexit, and the White House has declared that it will not co-operate with the inquiry into an impeachment of Donald Trump. Plus, the FT’s Kiran Stacey explains how the US standoff with China no

Oct 9, 2019 • 10:10

Tuesday, October 8

Tuesday, October 8

Hong Kong Exchanges and Clearing says it will not proceed with its £32bn offer for the London Stock Exchange Group, the president of the World Bank warns that global growth could fall short of the 2.6 per cent rate it predicted in June and fallout from the protracted strike by General Motors workers has seen the total number of temporary suspensions mount to almost 60,000. Plus, Donald Trump clears Turkey to launch an operation against US-backed Kurds in Syria. The FT’s Laura Pitel explains what

Oct 8, 2019 • 8:58

Monday, October 7

Monday, October 7

HSBC embarks on a cost-cutting drive that threatens up to 10,000 jobs, 2020 presidential hopeful Joe Biden accuses US president Donald Trump of spreading “flat-out lies”, and a post-Brexit trade deal with the US could “severely limit” Britain’s ability to negotiate an equivalent agreement with the EU, according to a leaked government paper. Plus, the FT’s Sarah Neville explains how Novo Nordisk tries to balance rising prices when it comes to insulin products with giving back to the diabetic comm

Oct 7, 2019 • 9:23

Friday, October 4

Friday, October 4

Donald Trump urges China to investigate former US vice president Joe Biden and the FT’s Washington bureau chief Demetri Sevastopulo explains how Mr Biden is handling the Ukrainegate fallout. Plus, the UK and the US agree to a deal where police and intelligence agencies are to be given expedited access to the electronic communications of terror and crime suspects, and PayPal is on the verge of quitting Facebook’s Libra cryptocurrency project. See acast.com/privacy for privacy and opt-out informa

Oct 4, 2019 • 8:45

Thursday, October 3

Thursday, October 3

Global stocks fell heavily on Wednesday, with the UK market having its worst day in more than three years, while the Trump administration will move to impose tariffs on a wide range of imports from the EU later this month after prevailing in a WTO case over illegal aircraft subsidies, and Donald Trump says he will co-operate with congressional subpoenas related to the impeachment inquiry engulfing his presidency. Plus, the FT’s Sebastian Payne dissects Boris Johnson’s UK Conservative party confe

Oct 3, 2019 • 9:05

Wednesday, October 2

Wednesday, October 2

The US manufacturing sector contracted for the second consecutive month in September, falling to its lowest level since the recession, Charles Schwab escalates a war among stock-trading platforms by scrapping its fees, and a US appeals court rules that states can set their own standards over so-called “net neutrality”. Plus, the FT’s Sam Jones explains the deepening Credit Suisse spy scandal. See acast.com/privacy for privacy and opt-out information.

Oct 2, 2019 • 9:23

Tuesday, October 1

Tuesday, October 1

US Republican Senate majority leader Mitch McConnell said he would hold a trial in the Senate if the House of Representatives voted to impeach President Donald Trump, European central bankers put pressure on politicians to put limits on the mortgage market as house prices heat up, and WeWork has formally withdrawn its plan for an initial public offering. Plus, the FT’s Anjli Raval explains how oil companies such as Royal Dutch Shell are facing a dilemma as they try to move toward clean energy.

Oct 1, 2019 • 9:10

Monday, September 30

Monday, September 30

Global dealmaking eases to the slowest pace in more than two years and more than 400,000 German car owners sign up to a landmark collective lawsuit against Volkswagen over emissions test cheating. Plus, the FT’s George Parker reports from the UK Conservative party conference in Manchester and we hear from a protester in Hong Kong, five years after the territory’s last major pro-democracy campaign. See acast.com/privacy for privacy and opt-out information.

Sep 30, 2019 • 8:35

Friday, September 27

Friday, September 27

The White House faced accusations of a cover-up on Thursday after the publication of a whistleblower complaint, Peloton traded below the company’s float price after the fitness equipment company went public on Thursday and Hollywood talent agency owner Endeavor shelved its plans to list. Plus, the FT’s Mehreen Khan explains what a decision by Europe’s highest court means for search engines and the “right to be forgotten” online. See acast.com/privacy for privacy and opt-out information.

Sep 27, 2019 • 9:53

Thursday, September 26

Thursday, September 26

A memo from the White House reveals that US president Donald Trump asked Ukraine president Volodymyr Zelensky to investigate former vice-president Joe Biden and his son and UK prime minister Boris Johnson paves the way for an acrimonious “people versus parliament” general election. Plus, fitness equipment start-up Peloton will seek an $8.2bn valuation when its shares begin trading on Thursday and Germany’s representative on the European Central Bank’s executive board quits over loose monetary po

Sep 26, 2019 • 8:27

Wednesday, September 25

Wednesday, September 25

House Democrats have launched impeachment proceedings against US president Donald Trump and Adam Neumann has been pushed out as chief executive of WeWork following the dramatic collapse of its initial public offering. Plus, the FT’s chief foreign affairs commentator, Gideon Rachman, sets out what is next for Boris Johnson and British politics following the Supreme Court’s rebuke of the prime minister’s suspension of parliament.  See acast.com/privacy for privacy and opt-out information.

Sep 25, 2019 • 9:53

Tuesday, September 24

Tuesday, September 24

UK prime minister Boris Johnson calls for a new deal with Iran, Netflix sees its shares erase all gains for 2019 while Barclays analysts question if its valuation was too high, and Thomas Cook’s management faces a UK government-backed inquiry after the collapse of the travel group. Plus, the FT’s car industry correspondent Peter Campbell explains what a recent settlement with the Securities and Exchange Commission means for Carlos Ghosn and Nissan. See acast.com/privacy for privacy and opt-out

Sep 24, 2019 • 9:05

Monday, September 23

Monday, September 23

SoftBank moves to oust Adam Neumann as the chief executive of WeWork, US president Donald Trump and Indian prime minister Narendra Modi perform a double act at a rally of nearly 50,000 Indian-Americans in Texas and Jeremy Corbyn calls rumours he could soon step down as Labour leader “wishful thinking” during the party’s annual conference. Plus, world leaders will gather in New York City this week for the UN General Assembly and the UN climate summit. The FT’s Gillian Tett tells us what to expect

Sep 23, 2019 • 8:11

Friday, September 20

Friday, September 20

Saudi Arabia is pressuring wealthy families to buy in to the initial public offering of state oil giant Saudi Aramco, the Federal Reserve intervened in the US money markets for the third day in a row on Thursday and promised it would so again today, Sterling climbed back over the $1.25 mark on Thursday after European Commission president Jean-Claude Juncker said a Brexit deal was possible, and companies are racing to burnish their green credentials ahead of today’s global climate protest. Plus,

Sep 20, 2019 • 9:45

Thursday, September 19

Thursday, September 19

Canadian prime minister Justin Trudeau apologises for wearing brownface makeup at a private school party after Time magazine published a yearbook photo from 2001, Cisco chief executive Chuck Robbins dismisses fears of a breakdown in global supply chains, saying he expects Washington and Beijing to reach a deal ending their trade war, KPMG UK plans to cut hundreds of staff in a wave of cost-cutting, and shares in FedEx tumbled on Wednesday, a day after the company reported its weakest sales growt

Sep 19, 2019 • 9:10

Wednesday, September 18

Wednesday, September 18

The Federal Reserve Bank of New York announces plans to inject another $75bn into the US financial system to alleviate funding pressures in short-term lending markets, researchers find that smart TVs are leaking sensitive user data to companies including Netflix and Google and Israeli prime minister Benjamin Netanyahu fails to clinch an outright majority for his Likud party in Tuesday’s general election. Plus, the FT’s chief economics commentator, Martin Wolf, says economies are not delivering f

Sep 18, 2019 • 10:24

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