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.
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A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast: European banks push for lower cross-border hurdles US stocks fall as bond sell-off spills into equities Eurozone inflation rises to 2.1% in August Pound falls as UK long-term borrowing costs hit ...
Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close. Mentioned in this podcast: Ursula von der Leyen’s plane hit by suspected Russian GPS interference Israeli banks plan giveaways after anger over wartime profits The Chinese gadget maker taking on Tesla and Apple Today’s FT News Briefing was produced by Jos...
The leaders of China and India met on Sunday amid trade tensions with the US, and Guyanese voters head to the polls today to chart a future for the world’s newest petrostate. Plus, the UK secures its largest ever warship deal with Norway, and AstraZeneca’s China division has recovered from a major scandal by pledging billions in new investment. Mentioned in this podcast: Xi and Modi say they are ‘partners not rivals’ in bid to repair ties World’s newest petrostate heads for ‘mother of all electi...
Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs. Mentioned in this podcast: Singapore, UAE and other small nations to launch trade partnership Nvidia growth outlook hit by China uncertainty Japan’s ‘ninja stealth rally’ draws in global investors Listen to the Swamp Notes...
Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo. Mentioned in this podcast: Nvidia revenue jumps 56% on robust AI demand How SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investor Crypto goes mainstream in Venezuela ...
This briefing covers global economic and political uncertainties, starting with concerns over Donald Trump's attempt to fire a Federal Reserve governor and its implications for central bank independence and market stability. It then details the US offer of intelligence and air support for a post-war security plan in Ukraine, marking a significant policy shift. Finally, the episode examines the sell-off in French assets as investors react to the prospect of a government collapse triggered by Prime Minister François Bayrou's highly unpopular budget.
US President Donald Trump said he was firing Federal Reserve governor Lisa Cook, shares in Ørsted plunged after the Trump administration halted one of the Danish wind farm developer’s almost-completed projects, and Elon Musk’s xAI has sued Apple and OpenAI alleging they broke antitrust rules. Plus, Germany’s government is encouraging young people to invest in the stock market rather than rely on the country’s flailing pension programme. Mentioned in this podcast: Trump says he is firing Fed gove...
Federal Reserve Chair Jay Powell indicated a shift towards lowering interest rates, prompting market bets on a September cut, driven by concerns over the labor market and a view on tariffs' transitory impact. Meanwhile, European venture capitalists are investing heavily in new air defense technologies, inspired by Israel's Iron Dome and the Ukraine conflict. Spanish bank Santander is also making a strategic play on Wall Street by embracing the SPAC market, leveraging key hires and a unique fee structure to gain a foothold.
EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this podcast: EU speeds up plans for digital euro after US passes stablecoin law Justice department calls on Federal Reserve to sack governor Lisa Cook ‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘p...
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping. Mentioned in this podcast: Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks Target shares drop as retailer picks insider to lead turnaround drive UK inflation rises more t...
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up? Mentioned in this podcast: Jay Powell to deliver Jackson Hole address under fire on multiple fronts US tech stocks hit by wave of concerns over future of AI boom How Novo Nordisk lost its lead in the weig...
US President Donald Trump floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT’s Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds. Mentioned in this podcast: Trump floats US security guarantees for Ukraine in meeting with Zelenskyy ...
US President Donald Trump will meet with Ukrainian President Zelenskyy today, just days after meeting Russian President Putin, and the UK’s solar output is reaching record levels. Plus, tech companies are spending trillions to build AI data centers. Mentioned in this podcast: ‘Absolutely immense’: the companies on the hook for the $3tn AI building boom Putin demanded Ukraine cede Donetsk and Luhansk in exchange for freezing rest of front line Volodymyr Zelenskyy to press for ceasefire at Donald ...
US President Donald Trump and Russian President Vladimir Putin meet in Alaska today, and Dubai is trying to hold on to its role as the financial centre of the Middle East. Plus, China is sending out a warning to foreign countries stockpiling rare earths metals, and the FT’s Katie Martin explains why she’s worried about the calm in the markets. Mentioned in this podcast: Can Dubai keep its crown as the Middle East’s finance capital? Investors are frogs in a Trumpian pot China warns foreign compan...
Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being buoyed by diplomatic law. Plus, the FT’s Jamie Smyth explains why the US shale boom may be over after a decade-long run. Mentioned in this podcast: UK companies in China buoyed by diplomatic thaw US oil producers say Opec ‘price war’ will halt shale boom Initial tax data allays fears of non-dom exodus from UK Sign up for the FT Weekend Festival at ft.com/festival and use the p...
The White House walks back expectations for Friday’s meeting between the US and Russian presidents, and Norway’s oil fund is pulling its money out of Israel. Plus, inflation stayed flat in the US in July, and storm-hit beach towns are struggling to shore up amid sand scarcity. Mentioned in this podcast: White House downplays expectations for Trump-Putin Alaska summit US inflation holds steady at 2.7% in July despite Trump’s tariffs Norway oil fund sells out of a fifth of Israeli firms amid fierc...
EU leaders will hold a call with US President Donald Trump ahead of his meeting with Russian leader Vladimir Putin, and the Mexican peso has emerged as an unlikely winner from Trump’s trade war. Plus, Trump has opened the door to Nvidia selling advanced AI chips to China, and the FT’s Kathrin Hille explains what’s next for Taiwan after the country’s failed recall vote. Mentioned in this podcast: EU leaders to hold call with Trump ahead of Putin meeting over Ukraine Peso soars as ‘carry trade’ re...
UK employers cut back hiring over labour and tax cost fears, and Ukraine and its European allies worry about US President Donald Trump’s summit with Russian President Vladimir Putin. Plus, HSBC is weighed down by woes in the Hong Kong commercial property market, and India’s huge IT sector is scrambling to counter the threat of artificial intelligence. Mentioned in this podcast: UK employers cut back hiring over labour and tax cost fears Donald Trump to meet Putin in Alaska as he signals Ukraine ...
Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple. Mentioned in this podcast: https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffdd BoE cuts rates with a hawkish shift in its outlook Europe builds for war a...
European companies are falling behind US counterparts and CoreWeave’s takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year. Mentioned in this podcast: European earnings lag behind US as trade war saps market revival CoreWeave’s $9bn takeover of Core Scientific faces revolt from top shareholders BCG consultants modelled relocatin...
US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir’s skyrocketing stock is raising concerns that it’s overvalued. Plus, OpenAI released a new “open-weight” model, and Russia’s banks are coming under scrutiny over bad loans. Mentioned in this podcast: Trump readies fresh sanctions against Russia’s shadow fleet Russia moves to contain concern over banks’ bad loan exposure Palantir’s valuation is a triumph of ‘number go up’ OpenA...
US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla’s board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign. Mentioned in this podcast: Donald Trump to raise tariffs on India over Russian oil purchases Deutsche Bank chief approved controversial trade he was later tasked with probing The remote Aus...
The FT’s US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany’s biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil’s judiciary, and consumers are cutting back on luxury brands. Mentioned in this podcast: Dollar rebound fizzles after jobs data disappoints Germany’s biggest sports retailer considers moving production into China Lula seizes Tru...
This weekend, we're sharing an episode from our fellow FT podcast, Swamp Notes. The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals. Subscribe to Swamp Notes on Acast , Apple Podcasts , Spotify , Pocket Casts or whe...
Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies. Mentioned in this podcast: Apple revenues jump on strong iPhone sales and rebound in China Trump reimposes tariffs on dozens of countries Ukraine restores independence of anti-corruption agencies Samsung’s...
Meta’s shares jumped more than 10 per cent off the back of better than expected second-quarter earnings, and the Federal Reserve held rates steady despite calls to lower borrowing rates by US President Donald Trump. Plus, American copper prices fell after Trump exempted refined materials from a 50 per cent tariff on the metal, and HSBC profits declined by 29 per cent. Mentioned in this podcast: Meta shares jump on strong results as Zuckerberg sets out ‘superintelligence’ goals Fed holds rates st...
The potential US-China trade war truce depends on US President Donald Trump’s approval, and a UN-backed food security group says a famine is unfolding in Gaza. Plus, China’s AI expo gives the international community an alternative to American technology, and the IMF’s new global growth forecast reflects that the fall of the dollar has lessened the impact of Trump’s trade war. Mentioned in this podcast: US says extended trade war truce with Beijing hinges on Trump approval ‘Worst-case scenario’ o...
Bank of England governor Andrew Bailey and UK chancellor Rachel Reeves are at odds, and EU politicians are grumbling over the bloc’s trade deal with the US. Plus, the US economy is defying expectations and Bain & Co is to shut down its consulting business in South Africa after a corruption scandal. Mentioned in this podcast: Rachel Reeves and Andrew Bailey clash over Revolut meeting What have the US and EU agreed on trade ? Merz says trade deal will cause ‘considerable damage’ to German econ...
The European Union struck a deal to limit the rate of US tariffs, and public companies are filling their coffers with cryptocurrencies. Plus, the share of goods in total UK exports has fallen to a record low, and China is moving to fill the void left by the US at the United Nations. Mentioned in this podcast: US and EU strike trade deal, says Trump Companies load up on niche crypto tokens to boost share prices Trump left a power vacuum at the UN. China saw an opportunity The share of goods in to...
US President Donald Trump is set to visit the UK and Krispy Kreme and GoPro stocks rise after becoming meme stocks. Plus, the ECB keeps rates at 2% and how AI is affecting the job market for new-grads. Mentioned in this podcast: Keir Starmer to press Donald Trump over deal to cut tariffs on UK steel imports ECB holds rates steady at 2% Is AI killing graduate jobs? Meme stock mania returns as Krispy Kreme and GoPro shares soar FT Weekend Fest Promo code: FTPodcasts Today’s FT News Briefing was pr...
