Read a transcript of this episode on FT.com https://www.ft.com/content/c0ee2974-0e6d-43b4-ae05-6c4be9aea94f Activist 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/b4fc...
Oct 28, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/8bb01ecf-622f-462f-b090-6cf5fa69a2ec Trading 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 act...
Oct 27, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/910fcfd8-05e8-43c3-8a30-dc8388964302 Tesla 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 value https://www.ft.com/content/4eb7504e-94ef-4f99-937d-807aa159b282 Not all green jobs are safe and clean...
Oct 26, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/08263cf5-1d37-4296-a43f-4bf006e5a03a Poland’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...
Oct 25, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/7be2e128-c34c-45fb-991a-1d6f16ba3cd9 The 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 ...
Oct 22, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/9c52937f-8f75-4d9d-8a62-8479a818ef45 The 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 & poli...
Oct 21, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/a263a468-2f91-490c-896c-a232866afb4e China 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 Se...
Oct 20, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/ad0b0068-1100-49b9-bc88-2055e1936efc A 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...
Oct 19, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/2d52df0d-ba41-45e3-9a0f-bb72a22f7d7c The 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 pandemic https://www.ft.com/content/cb53e204-362...
Oct 18, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/50168b7b-c72d-4443-965f-4a26d79f6a40 Fumio 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...
Oct 15, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/d8781394-95a8-4411-9f19-69ddbb7e3200 UK 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 me...
Oct 14, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/9a0a8048-a6e1-4557-8b0a-37fb5bf67e84 The 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 r...
Oct 13, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/ee0421e8-e101-4b0b-811e-0125c6be2449 Henry 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 ...
Oct 12, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/4ce62a29-5401-4fa1-8af4-20e892e50fe8 Divisions 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 resear...
Oct 11, 2021•11 min
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 09, 2021•21 min
Read a transcript of this episode on FT.com https://www.ft.com/content/fca004be-9f93-4681-bdd1-931ba5c2f50f Ireland 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,...
Oct 08, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/411bb70a-8fe9-41ef-bd58-e4798b12c2a2 Vladimir 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; Gen...
Oct 07, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/eb1b2bc3-1edf-444b-ac44-8e3a79cd8887 Private 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...
Oct 06, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/bc24e812-a089-43e1-bc7a-289916c97229 US 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 document...
Oct 05, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/fc9fe04c-96ad-4127-ac98-2fbf579c36b6 The 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, I...
Oct 04, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/5f0402b7-812a-4314-aba1-cee242f9e161 US 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 deciphe...
Oct 01, 2021•11 min
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 min
Read a transcript of this episode on FT.com https://www.ft.com/content/6cd13eb2-0ab7-40a5-816f-43e963a3ce05 The 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 exchang...
Sep 29, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/1505ec37-b798-4016-8f80-d959bd6eac9c Two 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 the...
Sep 28, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/c2d3fe11-799d-4f66-be2c-806dda7a9f87 At 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...
Sep 27, 2021•10 min
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 J...
Sep 25, 2021•29 min
Read a transcript of this episode on FT.com https://www.ft.com/content/74160c71-c5b0-435c-9c09-1c5e9572bb1c German 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. An...
Sep 24, 2021•9 min
Read a transcript of this episode on FT.com https://www.ft.com/content/a3b42914-2e0e-4246-bc45-1ea9b19b690b The 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 j...
Sep 23, 2021•11 min
Read a transcript of this episode on FT.com https://www.ft.com/content/bde35a2f-ae3f-4fc5-920f-a6bca45d9eb3 Poland 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 ar...
Sep 22, 2021•10 min
Read a transcript of this episode on FT.com https://www.ft.com/content/dd3aef66-5189-4b85-873a-e82c80be3c2d Global 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 lau...
Sep 21, 2021•10 min
