FT News Briefing
1,781 episodes - English - Latest episode: 3 months ago - ★★★★★ - 420 ratingsA 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.
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Episodes
Can artificial intelligence grow safely?
October 06, 2023 04:00 - 9 minutes - 17.4 MBEconomists expect that jobs growth in the US slowed again in September, and the recent sell-off in bonds might be starting to cool. Plus, artificial intelligence is cool and all, but can companies use this new tech in a way that isn’t toxic? Mentioned in this podcast: Tech companies adopt “constitutions” to keep AI systems safe Who feels the pain from the bond sell-off? US jobs growth expected to have slowed again in September Listen to the FT’s Unhedged podcast The FT News Briefing ...
Bankman-Fried’s fraud trial begins
October 05, 2023 04:00 - 10 minutes - 18.3 MBLawyers for the crypto tycoon Sam Bankman-Fried laid out their defence on Wednesday, Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, and Fifa announced the location of the 2030 World Cup. Mentioned in this podcast: Spain, Portugal and Morocco to host 2030 football World Cup Sam Bankman-Fried committed ‘fraud on a massive scale’, prosecutors allege Rishi Sunak axes northern leg of HS2 in flurry of ‘radical’ decisions The FT News Briefing is produced by F...
McCarthy ousted as US House Speaker
October 04, 2023 02:11 - 9 minutes - 18.1 MBKevin McCarthy has been ousted as Speaker of the House of Representatives, the yield on 30-year US Treasuries hit a 16-year peak on Tuesday, India has told Canada to withdraw dozens of diplomats from the country and the Financial Times’ Tom Hale discusses the murky future of China’s Evergrande property group. Mentioned in this podcast: Kevin McCarthy ousted as House Speaker by Republican rebels ‘Crimes’ probe into Evergrande founder adds to pressure over $300bn debt woes India tells Can...
Rating the ESG raters
October 03, 2023 04:00 - 8 minutes - 16.3 MBKristalina Georgieva backs reforms to the IMF that could eventually give more power to China, regulators are calling for more transparency for ESG rating agencies, and record numbers at this year’s Oktoberfest are a bright spot for the German economy. Mentioned in this podcast: AN ESG DATA Germans shrug off economic gloom at booming Oktoberfest Brussels to unfreeze Hungary funds as it seeks help for Ukraine IMF head backs reforms that could give China more voting power CLIPS: The Inde...
McCarthy avoids US government shutdown
October 02, 2023 04:00 - 9 minutes - 17.8 MBUS lawmakers were able to avert a shutdown over the weekend, Slovakia’s election results are adding pressure to the EU’s unity around the war in Ukraine, and Brazil says its oil exploration and green ambitions aren’t contradictory. Clips: CNN, AP Mentioned in this podcast: Brazil minister says oil and green ambitions are not contradictory Cooling UK labour market claims jobs in construction and retail US lawmakers pass short-term deal to avoid government shutdown Robert Fico wins Slov...
Can AI help us speak to animals? Part two
September 30, 2023 04:00 - 24 minutes - 56.9 MBA 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 Thorn...
Tech IPOs lose their shimmer
September 29, 2023 04:00 - 9 minutes - 17.2 MBEuropean government bond prices dropped sharply as investors took fright at Italy’s larger than expected budget deficit, optimism for the IPO market seems to be fading, and the FT’s Colby Smith explains the economic impact of US student loan payments restarting. Mentioned in this podcast: European bond market hit by Italy’s plans for higher borrowing Rising headwinds threaten US economy’s resilience Instacart and Arm shares lose steam after IPO pops Millions of US borrowers brace for t...
What does China ‘de-risking’ actually mean?
September 28, 2023 04:00 - 10 minutes - 18.6 MBGlobal dealmaking is languishing at a 10-year low, western companies are insulating their China operations, and Chinese battery groups are avoiding or delaying direct investments in the US and Europe because of geopolitics. Mentioned in this podcast: Dealmaking languishes at decade low on private equity drought Chinese battery groups invest in Morocco to serve western markets Western companies take slow steps towards China ‘de-risking’ Vote for FT podcasts in the Lovie Awards! The FT...
The FTC is primed for Amazon
September 27, 2023 04:00 - 8 minutes - 15.8 MBThe US Federal Trade Commission has accused Amazon of wielding monopolistic control over online markets, JPMorgan Chase said it settled lawsuits related to its dealings with Jeffrey Epstein’s human trafficking operation, and the FT’s Lauren Fedor explains what’s at stake with a looming US government shutdown. Plus, sterling hit a six-month low against the dollar. Mentioned in this podcast: FTC lawsuit accuses Amazon of wielding monopoly power over online retail JPMorgan settles Jeffrey E...
#MeToo’s mark on industry
September 26, 2023 04:00 - 8 minutes - 16.2 MBThe writers strike hitting Hollywood looks like it’s nearing a close and the FT’s Brooke Masters explores whether recent CEO departures could be a signal of a second #MeToo wave. Plus, a sexual abuse scandal has shaken up Japan’s entertainment industry. Mentioned in this podcast: Sex, lies and magical thinking about CEO behaviour Japanese boy band abuse scandal rocks entertainment industry The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino...
Poland’s complicated relationship with Ukraine
September 25, 2023 04:00 - 10 minutes - 19 MBRussia has succeeded in avoiding G7 sanctions on most of its oil exports, Poland is calling for less support for Ukraine, China’s answer to the World Bank wants to commit more money to climate, and the restaurant group, Big Mamma, is going global thanks to private equity. Mentioned in this podcast: Russia dodges G7 price cap sanctions on most of its oil exports A tug of war in Poland and Slovakia ‘China’s World Bank’ plans to triple climate change lending by 2030 Big Mamma restaurant g...
Can AI help us speak to animals? Part one
September 23, 2023 04:00 - 29 minutes - 66.9 MBA 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 ‘spea...
Rupert Murdoch steps down
September 22, 2023 04:00 - 8 minutes - 15.4 MBRupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote. Plus, India has stopped issuing visas to Canadians and told Ottawa to reduce its diplomatic presence in the country. Mentioned in this podcast: Rupert Murdoch steps down as chair of Fox and News Corp Russia puts squeeze on oil market with diesel export ban Bank of England holds interest ...
Fed signals fewer cuts in 2024
September 21, 2023 04:00 - 9 minutes - 17 MBFederal Reserve officials on Wednesday signalled support for another rate rise this year and fewer cuts in 2024, share buybacks on the US stock market have dropped to the slowest pace since the early part of the Covid-19 pandemic, and the FT’s Gideon Rachman talks about his new three-part podcast series on Bidenomics. Mentioned in this podcast: Federal Reserve signals fresh rate rise this year and fewer cuts in 2024 Two-year Treasury yield hits highest point since 2006 after Fed decision...
Oil prices are not a barrel of fun
September 20, 2023 04:00 - 13 minutes - 24.6 MBShares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, oil prices climbed above $95 a barrel for the first time in 2023, and Canadian prime minister Justin Trudeau sparked fury in India when he said authorities were investigating whether “agents” of New Delhi were behind the June killing of a prominent Sikh activist in a Vancouver suburb. Mentioned in this podcast: Instacart shares close up 12% after public market debut India angered by Just...
Can Singapore remain Asia’s ‘safe haven’?
September 19, 2023 04:00 - 9 minutes - 17.9 MBInstacart’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...
A historic autoworkers strike
September 18, 2023 04:00 - 9 minutes - 17.9 MBUS auto workers are striking to protect workers against the move to electric vehicles, and UK prime minister Rishi Sunak won’t attend the climate ambition summit at the UN General Assembly this week. Plus, Instacart has raised the price range for its initial public offering following the success of Arm’s blockbuster debut. Mentioned in this podcast: Strike pits US auto union in existential struggle over shift to electric vehicles Rishi Sunak decides against attending UN General Assembly ...
Digital cash and culture wars
September 15, 2023 04:00 - 9 minutes - 16.5 MBShares in chip designer Arm jumped by 25 per cent as it began trading on the Nasdaq exchange yesterday, and the European Central Bank has raised interest rates to an all-time high. Plus, the FT’s Siddharth Venkataramakrishnan explains how digital cash got caught up in the culture wars. Mentioned in this podcast: Arm shares jump by 25% on first day of trading ECB raises interest rates to all-time high How digital cash got caught up in the culture wars Tell us: How will the US student lo...
CEO exit throws wrench into BP
September 14, 2023 04:00 - 9 minutes - 18.1 MBRising energy costs pushed US inflation above forecasts in August, Bernard Looney’s resignation from BP puts the oil company’s green energy transition into doubt, and China is walking back a corruption crackdown in the country’s healthcare sector. Mentioned in this podcast: US inflation rises in August as petrol prices jump BP chief Bernard Looney resigns over past relationships with colleagues Bernard Looney’s exit throws BP’s strategy into doubt China’s corruption crackdown rips thro...
IPO within Arm’s reach
September 13, 2023 04:00 - 10 minutes - 19.3 MBBP’s chief executive Bernard Looney is resigning and SoftBank’s Arm is set to hit the public market on Thursday. Plus, we look at why Germany’s economy is stalling and how its economic woes are hurting its neighbours. Mentioned in this podcast: BP chief Bernard Looney resigns over past relationships with colleagues Arm targets valuation of up to $52bn in IPO Olaf Scholz vows to cut bureaucracy as German economic woes mount Polish zloty’s fall highlights tricky balancing act of central ...
Coming soon: Can AI help us speak to animals?
September 12, 2023 05:00 - 1 minute - 2.66 MBSome 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...
Why the euro is on a losing streak
September 12, 2023 04:00 - 8 minutes - 16 MBNorway’s $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, a landmark antitrust trial between Google and the US government starts today, and the FT’s Mary McDougall explains why the euro is having such a tough time. Mentioned in this podcast: Norway’s $1.4tn oil fund becomes top UBS shareholder Google prepares for biggest US antitrust showdown since Microsoft Euro suffers eight-week losing streak as economy falters Will the ECB deliver one more rate rise? The FT...
India shines at G20 summit
September 11, 2023 04:00 - 10 minutes - 20 MBPwC is planning to give up tens of millions of dollars of consulting work for its US audit clients, Australia’s biggest pension fund is going big on digital infrastructure, and Venezuelan government bonds are having a moment. Plus, the FT’s John Reed explains why this year’s G20 summit was a huge win for India. Mentioned in this podcast: G20 backs bigger role for reformed World Bank PwC to curtail consulting work for US audit clients to reduce conflict risk Western nations accept ‘climb...
Biden courts India at G20
September 08, 2023 04:00 - 9 minutes - 17.7 MBIndia hosts the G20 summit this weekend, Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU, Apple shares are taking a beating, and Huawei has seen a resurgence despite sanctions from the United States. Mentioned in this podcast: Joe Biden pushes for bigger World Bank to combat China’s rising influence Germany backs EV tariff delay in boost to Sunak US to check on chips used in Huawei’s ‘Made in China’ smartphone Apple ...
EU pushes back on ‘too big to care’ tech companies
September 07, 2023 04:00 - 10 minutes - 19.3 MBUS and European corporate bond markets have started September with a bang, the EU released a list of digital services that will have to comply with the bloc’s new regulations, and the FT’s Alice Hancock explains how Europe’s drought is hitting the agriculture and energy industries. Mentioned in this podcast: US and European companies rush to issue debt before rate decisions Big Tech faces fresh legal obligations as Brussels lists services bound by new rules Retail investors power into u...
Ukraine doubles down on counteroffensive
September 06, 2023 04:00 - 10 minutes - 18.3 MBThe EU’s competition commissioner Margrethe Vestager is stepping aside, and the UK has clawed back less than 2 per cent of losses owing to fraud and error on business grants during the Covid-19 pandemic. Plus, Ukraine is doubling down on its counteroffensive. Mentioned in this podcast: Didier Reynders to take over as EU competition chief UK government ‘slow to take action’ on Covid-19 grant losses, say MPs Military briefing: Kyiv ignores calls for reset of its ‘sneak and peek’ tactics ...
Solving America’s shortage of accountants
September 05, 2023 04:00 - 10 minutes - 14.2 MBLloyds 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...
Secret paper trail reveals hidden Adani investors
September 04, 2023 04:00 - 9 minutes - 17.6 MBGlobal growth is set to slow next year after outperforming economists’ expectations so far in 2023, American mothers are re-entering the workforce at high rates, and the Hollywood strikes are starting to bite into California’s economy. Plus, the FT’s Dan McCrum unpacks his latest investigation into India’s Adani Group. Mentioned in this podcast: Economists grow gloomier on 2024 as central banks delay rate cuts Adani shares slide and politicians demand action after reports on hidden inve...
The ECB is in a pickle
September 01, 2023 04:00 - 11 minutes - 20.2 MBUBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering. Mentioned in this podcast: UBS breaks record with $29bn profit after Credit Suisse deal ‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon Eurozone core inflation edges down ahead of crunch ECB decision Switzerland unveils money laundering clampdown FT Weekend festival promo code: F...
Another coup in Africa
August 31, 2023 23:29 - 8 minutes - 16.2 MBMilitary officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan. Mentioned in this podcast: Fed warned Goldman Sachs over risks and compliance oversight at fintech unit Military leaders seize power in oil-rich Gabon US commerce secretary hails ‘new approach’ to handling China business frictions Foxconn founder Terry Gou launches bid f...
Why Europe can’t quit Russian energy
August 30, 2023 04:00 - 9 minutes - 17.2 MBThe EU is set to import record volumes of liquefied natural gas from Russia this year, asset management firm Grayscale won a US court ruling to launch an exchange traded fund tracking bitcoin, and Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies. Mentioned in this podcast: EU imports record volumes of liquefied natural gas from Russia Grayscale scores major court win against SEC on bitcoin ETF Goldman Sachs bought UK and US companies...
An unlikely alliance in Brazil
August 29, 2023 04:00 - 9 minutes - 17 MBGoldman Sachs plans to sell one of its personal financial management divisions, Brazil's president, Luiz Inácio Lula da Silva, is close to sealing an unlikely alliance, and the European defence industry is struggling to keep up with demand for ammunition for the Ukraine war. Plus, European Council president Charles Michel proposes a target date for adding new members to the EU. Mentioned in this podcast: Goldman Sachs sells financial planning unit as part of consumer retreat El Niño’s sto...
In search of a new economic playbook
August 28, 2023 04:00 - 10 minutes - 18.7 MBChinese 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’: policymak...
Putin breaks his silence on Prigozhin
August 25, 2023 04:00 - 9 minutes - 18.1 MBRussia's leader Vladimir Putin on Thursday publicly said warlord Yevgeny Prigozhin was dead, the emerging markets group Brics has invited six more countries to join, and Turkey’s central bank has sharply boosted interest rates. Plus, biomedical companies are under more pressure to stop using horseshoe crabs for testing. Mentioned in this podcast: Putin says Prigozhin is dead in first Kremlin reaction to plane crash Brics leaders invite 6 nations including Saudi Arabia to join bloc Turke...
Wagner group’s Prigozhin presumed dead
August 24, 2023 04:00 - 8 minutes - 15.1 MBWagner mercenary group leader Yevgeny Prigozhin has reportedly died after a plane crash north-west of Moscow, Nvidia’s revenue more than doubled in the latest quarter on soaring demand, and US regulators are imposing tougher disclosure rules on private funds. Plus, the FT’s Eli Meixler unpacks the latest developments in Thailand’s government. Mentioned in this podcast: Yevgeny Prigozhin in fatal plane crash, Russian officials say Nvidia’s AI boom exceeds Wall Street’s lofty hopes US reg...
All eyes on Jackson Hole
August 23, 2023 04:00 - 9 minutes - 16.6 MBMarkets are looking for signals from Federal Reserve chair Jerome Powell during this week’s Jackson Hole symposium, global stock markets have lost about $3tn in value this month and there has been a mixed reaction to China’s approach to monetary policy. Mentioned in this podcast: Central bankers to make ‘higher-for-longer’ rate pitch at Jackson Hole Global stocks head for worst month in nearly a year China’s rate caution shines light on $56tn banking system Credit: Fox News Brian Kilme...
Can Arm’s listing reignite the IPO market?
August 22, 2023 04:00 - 9 minutes - 16.7 MBDescription: The sell-off in US government debt continued to hit the world’s largest bond market on Monday, and Silicon Valley start-ups are wondering whether Arm’s listing will reignite the IPO market. Plus, the FT’s foreign editor, Alec Russell, explains why a new geopolitical order is emerging. Mentioned in this podcast: US Treasury yields hit 16-year high on fears over interest rate outlook Silicon Valley start-ups revive listing plans as Arm reignites IPO market The à la carte wo...
Drought causes headaches for Panama Canal
August 21, 2023 04:00 - 9 minutes - 16.7 MBSome of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s slowing down traffic through the Panama Canal. Mentioned in this podcast: Private equity firms hand over assets to creditors as distress rates rise Iran grapples with unintended consequences of ultra-cheap petrol ...
Saudi Arabia and UAE race to buy computer chips
August 18, 2023 04:00 - 10 minutes - 18.8 MBUS mortgage rates have soared to a 21-year high, US retailer earnings reports send mixed messages on consumer spending, and Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software. Mentioned in this podcast: Walmart sales rise as inflation keeps consumers hunting for bargains Target sales hit by Pride backlash and consumer caution Saudi Arabia and UAE race to buy Nvidia chips to power AI...
Introducing: The Russian Banker
August 17, 2023 21:00 - 1 minute - 2.4 MBWho is Sergei Leontiev? To the US asylum system, he’s an exiled Russian banker who was persecuted by the state and forced to flee. To Russia, he’s said to be responsible for massive fraud. On The Russian Banker, a new series from the Financial Times, reporters Courtney Weaver and Stefania Palma try to uncover the truth, and find a story that tells us about Russia today and how people in the west build stories about who’s good and who’s bad. The Russian Banker is a special series that will ru...
New pain for China’s property sector
August 17, 2023 04:00 - 8 minutes - 16.5 MBLower gas and electricity costs drove a sharp drop in headline UK inflation in July, Fitch Ratings has downgraded WeWork, and there’s increasing anxiety in China over the real estate sector’s stability. Mentioned in this podcast: UK inflation slows to 6.8% in July as energy prices fall WeWork credit rating cut further into junk territory by Fitch Retail investors complain to Chinese regulator about Zhongzhi Country Garden crisis brings new pain to China’s property sector Looking for a...
A year of the Inflation Reduction Act
August 16, 2023 04:00 - 9 minutes - 17.9 MBUS stocks hit a five-week low as a warning of potential Fitch downgrades sent bank shares lower, Beijing is making one of its biggest top-down efforts in years to tackle the debts racked up by local governments, and a year after passage of the US Inflation Reduction Act and Chips Act the vast majority of investment is going to red states. Mentioned in this podcast: US and European stocks hit five-week lows after strong retail sales data China sends finance experts to tackle regions’ debt...
A looming ESG crackdown
August 15, 2023 04:00 - 8 minutes - 15.1 MBA surprise election result in Argentina spooked markets, iPhone manufacturer Foxconn is trying to pivot to India, and it looks like there’s a US regulatory crackdown looming for the sustainable investing world. Mentioned in this podcast: Argentina’s markets roil after shock primary election results iPhone maker Foxconn’s cautious pivot to India shows limits of ‘China plus one’ UBS pays $1.4bn to settle US mortgage bond mis-selling case SEC lawyers subpoena fund managers over ESG disclo...
The new commodity superpowers
August 14, 2023 04:00 - 8 minutes - 16 MBThe rouble has fallen to a 16-month low against the dollar, airlines have joined forces with farmers to lobby in Washington so that corn helps power their planes, and growing demand for minerals used in green technology is starting to shake up the geopolitics of the energy world. Mentioned in this podcast: Rouble hits 16-month low as military spending rises and exports fall US airlines ally with farmers to seek subsidies for corn as jet fuel The new commodity superpowers The FT News Br...
Peak social media: The future
August 12, 2023 04:00 - 21 minutes - 48.7 MBIn 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 creato...
US inflation is still on the right track
August 11, 2023 04:00 - 8 minutes - 15.7 MBIran has transferred five US citizens from prison to house arrest, US headline inflation in July rose slightly from June, and in Mexico the influence of the military has grown dramatically. Mentioned in this podcast: Iran transfers five imprisoned Americans to house arrest US inflation edges up to 3.2% in July The militarisation of Mexico’s economy FT Weekend festival promo code: FTPodcast Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times...
China’s economy falls into deflation
August 10, 2023 04:00 - 9 minutes - 16.8 MBWalt Disney reported quarterly results that showed declines at its television and movie businesses, China’s economy has fallen into deflation, and President Joe Biden is banning US tech investment in China. Plus, the FT’s Owen Walker explains why more and more countries in Europe are instituting windfall taxes on banks. Mentioned in this podcast: Disney shares jump after streaming losses narrow Chinese economy falls into deflation as recovery stumbles White House unveils ban on US inves...
The weight-loss drug craze
August 09, 2023 04:00 - 9 minutes - 16.8 MBThe UK government is pushing back against an attempt by some members of the House of Lords to close loopholes in transparency legislation, US bank stocks fell after Moody’s cut the credit ratings of 10 midsized banks, and the FT’s Jamie Smyth explains the craze behind new weight-loss drugs. Mentioned in this podcast: UK government resists moves to tighten corporate transparency rules Weak bank stocks weigh on US and European markets Novo Nordisk’s obesity drug cuts risk of strokes and ...
Why admitting Ukraine into the EU is tricky
August 08, 2023 04:00 - 9 minutes - 17.3 MBMeta has axed a team that used artificial intelligence to create the first database of more than 600mn protein structures, and PayPal is launching a stablecoin. Plus, the FT’s Henry Foy explains why it’s so difficult for the EU to admit new members, Ukraine in particular. Mentioned in this podcast: Meta disbands protein-folding team in shift towards commercial AI PayPal pushes deeper into crypto payments with stablecoin launch The ‘monumental consequences’ of Ukraine joining the EU FT...
Latin American central banks’ head start
August 07, 2023 04:00 - 9 minutes - 16.8 MBPrivate equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, US banks are still relying on hundreds of billions of dollars in government financing, and Latin America’s central banks have started cutting interest rates. Mentioned in this podcast: Private equity firms offer sweeteners in struggle to lure reluctant investors Britain’s investors shy away from UK defence companies Regional lenders struggle to get off governme...