Read a transcript of this episode on FT.com https://www.ft.com/content/80e6939d-d085-499d-ac9d-3ac6386b69c1 Airbnb 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 techno...
Aug 13, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/baa5d27d-d16c-4f47-9902-abb72f02429d A 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 min
Read a transcript of this episode on FT.com https://www.ft.com/content/b20cdab3-2e47-4bbe-bbff-39c42459d105 The 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 Ph...
Aug 11, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/7822a4a7-d31a-40ce-8217-ebbafc4acb09 Oil 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 pack...
Aug 10, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/65fa9d74-d971-4536-a411-c06d86d8de64 FT 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...
Aug 09, 2021•8 min
Read a transcript of this episode on FT.com https://www.ft.com/content/0e09d7d2-95d7-4fa1-80ff-9ff466f3cf6a Apple 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 abu...
Aug 06, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/c6ee7948-06e7-4f4c-8940-2f83d85bdf4d The 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...
Aug 05, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/9221dcf1-ef98-4474-9d9f-226f08843bbf Spain 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 programme https://www.ft...
Aug 04, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/219d15f1-b6fa-471c-b0ed-2a2c4163f757 Forests 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 ...
Aug 03, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/97741491-f1aa-4107-a84d-ebd874b1259d House 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...
Aug 02, 2021•11 min
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 market Amazon’s online sales growth slows as lockdowns ease, with San Francisco correspon...
Jul 30, 2021•11 min
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•10 min
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 surge https://www.ft.com/content/18cfeb9a-8596-4d23-badd-df9a62d510ab Former Glencore trader pleads guilty to role in Nigeri...
Jul 28, 2021•11 min
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 US https://www.ft.com/content...
Jul 27, 2021•10 min
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 crackdown https://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306 Nasdaq: private market exchange is...
Jul 26, 2021•10 min
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 wha...
Jul 23, 2021•30 min
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 u...
Jul 22, 2021•10 min
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•10 min
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•9 min
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 production https://www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7 China’s carbon market scheme too limited, say analysts, with Beijing correspondent, C...
Jul 19, 2021•10 min
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-eaed97dda412 EU climate ...
Jul 16, 2021•10 min
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 i...
Jul 15, 2021•9 min
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•10 min
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•10 min
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 rebound https://www.ft.com/content/1f9c18cf...
Jul 12, 2021•10 min
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 marketing https://www.ft.com/content/19ad9810-402d-4529-89b5-732521829548? Markets enjoy blessed relief now the heavy storms have passed with Katie...
Jul 09, 2021•11 min
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. Trump...
Jul 08, 2021•10 min
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 07, 2021•9 min
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 06, 2021•9 min
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 robot What 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 05, 2021•25 min
