More than half of low-income UK households with mortgages have fallen behind on one or more of their bills and Alibaba disappointed investors after announcing that it ditched plans to spin off its cloud business. Plus, the FT’s Stephen Foley talks about EY’s new leader Janet Truncale and how she might steer the accounting firm. Mentioned in this podcast: Alibaba ditches plans to spin off cloud business and list supermarket EY picks Janet Truncale as the first woman to lead a Big Four firm Low-in...
Nov 17, 2023•9 min
UK Prime Minister Rishi Sunak is attempting to save a plan to deport asylum seekers to Rwanda; an EU proposal will see Denmark enforcing the price cap on Russian oil by checking ships in the Baltic Sea; Plus, EY names a new CEO. Mentioned in this podcast: Sunak vows emergency legislation as Supreme Court rules against Rwanda policy EY picks Janet Truncale as first woman to lead Big Four firm Denmark could block Russian oil tankers from reaching markets This episode of FT News Briefing was produc...
Nov 16, 2023•10 min
Joe Biden and Xi Jinping will hold a high-profile summit in San Francisco today, US inflation fell more than expected to 3.2 per cent in October, and the war in Ukraine is doing serious damage to Russia’s labour market. Mentioned in this podcast: Biden and Xi meet in bid to stabilise relations between superpowers US stocks and bonds jump after inflation falls to 3.2% Russia’s war economy leaves businesses starved of labour AI outperforms conventional weather forecasting methods for first t...
Nov 15, 2023•10 min
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 Suell...
Nov 14, 2023•11 min
The UK’s Takeover Panel has reported its first deficit in almost a decade, and oil prices have been cooling off at a pretty weird time. Plus, the FT’s Kate Duguid explains why a hack at China’s biggest bank put the US Treasury market on ice. Mentioned in this podcast: UK Takeover Panel falls victim to deal drought Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank I’m going to dip my fat fingers in oil (Opinion) Iceland declares state of emergency as i...
Nov 13, 2023•10 min
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 min
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 wa...
Nov 10, 2023•10 min
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 09, 2023•1 min
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 foreca...
Nov 09, 2023•11 min
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 Euro...
Nov 08, 2023•9 min
WeWork filed for bankruptcy, PwC plans to cut up to 600 jobs in the UK, and the FT’s Peter Spiegel explains who won the distinction of the best US city for foreign investment. Mentioned in this podcast: WeWork files for bankruptcy amid office market downturn WeWork: boxed-in flexible space group seeks new lease of life PwC to cut up to 600 UK jobs as attrition rate plunges Houston overtakes Miami as best place for foreign businesses in annual FT-Nikkei ranking The FT News Briefing is produ...
Nov 07, 2023•11 min
Donald Trump testifies in New York today, Japan’s prime minister turns to stimulus to offset the pain of inflation, private equity is getting pummelled by higher interest rates, and Berkshire Hathaway reported a record amount of cash on hand. Mentioned in this podcast: Japan’s PM Fumio Kishida bets on $113bn stimulus to tackle inflation pain Private equity: higher rates start to pummel dealmakers Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels Donald Trump p...
Nov 06, 2023•11 min
Israeli troops have entered Gaza City, European private equity group CVC Capital Partners has postponed plans to float until next year, and central banks are hitting pause on interest rate rises while inflation stays strong. Mentioned in this podcast: Israeli army attempts to ‘encircle’ Gaza City as Joe Biden calls for pause in fighting CVC Capital Partners postpones plans for Amsterdam listing Central banks hold interest rates at a scary time BoE expected to leave rates unchanged as inflation r...
Nov 03, 2023•10 min
The Federal Reserve held interest rates steady, and people are now being allowed to cross the border from Gaza into Egypt. Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest. Mentioned in this podcast: US Federal Reserve holds interest rates at 22-year high Egypt allows first evacuee departures from Gaza Can America’s south-east unseat Detroit as ‘Motown’ of the EV age? Investing in America live The FT N...
Nov 02, 2023•13 min
Sam Bankman-Fried’s fraud trial is set to wrap up today, eurozone inflation fell to its lowest level for more than two years, and Odey Asset Management is to close after allegations of sexual assault and harassment against its founder. Plus, global political leaders and tech executives will gather in the UK next week to discuss risks of artificial intelligence. Mentioned in this podcast: He said, they said: Sam Bankman-Fried jury weighs duelling accounts of FTX’s downfall Eurozone inflatio...
Nov 01, 2023•10 min
Israeli ground forces pushed deeper into the Gaza Strip on Monday, General Motors has reached a tentative deal with the United Auto Workers union, and the social media platform X, formerly known as Twitter, is now valued at $19bn, the company told employees. Plus, the FT’s Stefania Palma explains how Alphabet chief executive Sundar Pichai’s testimony before the US Department of Justice went on Monday. Mentioned in this podcast: The tactics behind Israel’s ground offensive US autoworker str...
Oct 31, 2023•9 min
Israel has expanded its ground offensive in Gaza as the country launches a new phase of its war to destroy Hamas, and seven tech companies are dominating global stocks. Plus, the FT’s Susannah Savage explains why the world is entering a rice crisis and what can be done to fix it. Mentioned in this podcast: ‘Magnificent Seven’ tech stocks drive US equity domination to new highs The return of the rice crisis Rémy Cointreau drops to three-year low as US consumers shun cognac The FT News Brief...
Oct 30, 2023•10 min
FTX founder Sam Bankman Fried gave a preview of his defence against fraud charges, the US is worried that Iran and its proxies will escalate attacks on American forces in the Middle East, and the FT’s Josh Franklin explains what Morgan Stanley’s leadership change means for the company. Mentioned in this podcast: Sam Bankman-Fried previews ‘advice of counsel’ defence in FTX fraud trial Morgan Stanley makes its choice: how Ted Pick won the succession race US moves to deter Iran ahead of Isra...
Oct 27, 2023•9 min
Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives. Plus, in the first instalment of our Investing In America series, we travel to the Port of Albany to look at how money outside the US is changing the country. Mentioned in this podcast: Donald Trump ally Mike Johnson elected US House Speaker after weeks of gridlock Investing in America The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino...
Oct 26, 2023•12 min
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 gro...
Oct 25, 2023•10 min
The EU’s top diplomat called on Monday for a pause in hostilities in order to allow aid deliveries into Gaza, and Argentine bonds tumbled after Sunday’s presidential election. Plus, the FT’s Anjli Raval explains why companies are struggling when it comes to weighing in on the Israel-Hamas war. Mentioned in this podcast: Argentina’s economy minister Sergio Massa seeks broad coalition after first-round election win Business in a bind over messaging on Israel-Hamas war EU’s top diplomat urges...
Oct 24, 2023•10 min
Toyota says it is close to being able to mass produce next-generation solid-state batteries, and the European Union is trying to juggle support for Ukraine and Israel. Plus, start up companies in Israel are being put to the test due to the war with Hamas. Mentioned in this podcast: Why the EU needs to join the dots between Israel and Ukraine ‘Start-up Nation’ goes to war Toyota nears mass production of solid-state batteries The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kas...
Oct 23, 2023•11 min
The US, Britain and Germany called on their citizens to leave Lebanon, political tensions in the UK are starting to boil over about Israel's response to Hamas's attacks, and the FT’s Michael Stott tells us why a radical outsider is the frontrunner in Argentina’s presidential election. Mentioned in this podcast: US, UK and Germany tell citizens to leave Lebanon amid fears of wider conflict Keir Starmer faces growing mutiny from within Labour over Israel-Hamas stance The radical outsider pro...
Oct 20, 2023•11 min
Israel will let basic humanitarian aid into Gaza through Egypt, traders have been increasing their bets against the Israeli shekel, TK Netflix, and Beijing is weighing holding up US chipmaker Broadcom’s $69bn acquisition of cloud software company VMware. Mentioned in this podcast: Joe Biden warns Israel to avoid 9/11 ‘mistakes’ Bets against shekel heap pressure on Israeli central bank Beijing considers delaying approval of $69bn Broadcom-VMware deal Access 50 per cent off of a digital subs...
Oct 19, 2023•9 min
Alarm is mounting in Egypt that Gaza’s deepening humanitarian crisis will be thrust across its borders, Scotland’s first minister said the country would issue its own government bonds for the first time, and big US bank earnings have been better than expected. Mentioned in this podcast: Fear of Gaza exodus looms over Egypt Scotland to issue bonds for the first time, says SNP’s Humza Yousaf BofA profits beat forecasts JPMorgan profits jump 35% on interest rate windfall Citi profits edge hig...
Oct 18, 2023•11 min
Poland’s rightwing party will likely be out of power after last weekend’s election, a US-led effort to allow humanitarian aid into the Gaza Strip and provide an exit from the bombarded territory for foreign nationals faltered, and the FT’s Richard Waters explains how Microsoft beat the odds and got a major acquisition approved by regulators. Mentioned in this podcast: Polish exit polls give ex-PM Donald Tusk potential route back to power Bid to open Gaza crossing falters How Brad Smith used Micr...
Oct 17, 2023•10 min
Israel is preparing to launch a major ground invasion of Gaza, the UK justice secretary is set to announce a controversial plan to address the chronic shortage of space in jails, and Exxon’s $60bn acquisition of a shale company could set off a wave of industry consolidation. Mentioned in this podcast: US sends second aircraft carrier as Israel prepares offensive in Gaza Residents flee Gaza City as Israel tells 1.1mn to leave British prisoners face jail time abroad under radical government ...
Oct 16, 2023•10 min
US inflation was higher than forecast in September, the EU has opened an investigation into X over the way disinformation is spreading on its platform after the attacks by Hamas against Israel, and FT’s Mehul Srivastava tells us about the Hamas military commander behind the deadly Israel incursion. Mentioned in this podcast: US inflation higher than expected in September EU opens probe into X over Israel-Hamas war misinformation Access 50 per cent off of a digital subscription FT.com/br...
Oct 13, 2023•9 min
Analysts forecast that four of the six big US banks will see Q3 profits fall year on year, Israel has been fighting on its northern border with Lebanon in addition to war with Hamas,and the star witness in the Sam Bankman-Fried trial testifies. Plus, shares in Birkenstock dropped more than 12 per cent on their first day of trading. Mentioned in this podcast: Rising interest rates curb lending growth for big US banks Birkenstock shares slip on first day of trading What links Hamas to the ‘Axis of...
Oct 12, 2023•9 min
Sir Keir Starmer made a pitch for the votes of disillusioned former Conservative supporters, abductions of dozens of civilians present Israel with risky options to get them back, and the EU has put its development funding to the Palestinian territories under review after Hamas’s attack on Israel. Mentioned in this podcast: Keir Starmer promises ‘national renewal’ in appeal to UK voters Hamas kidnappings leave Israeli forces with painful hostage dilemma EU to review development funding for ...
Oct 11, 2023•12 min
