US inflation declined in January though less than expected, Turkey’s president faces a backlash for an amnesty programme that forgave faults in millions of buildings, and humanitarian aid is finally reaching shell-shocked Syrians after last week’s earthquake. Mentioned in this podcast: Syrians left to fend for themselves as earthquake relief fails to materialise Erdoğan under fire as shoddy Turkish building standards exposed by earthquake US inflation cools slightly in January Download the...
Feb 15, 2023•10 min•Transcript available on Metacast Nigeria’s highest court slapped a temporary ban on the plan to replace the country’s largest currency notes, and US regulators may ban non-compete clauses that stop workers from jumping to a rival company for a certain amount of time after quitting. Mentioned in this podcast: Nigeria’s top court halts botched plan to replace currency notes US companies mount resistance to proposed ban on non-compete clauses FT Live: Putin’s war on Ukraine: One year on Lina Khan on CNBC Download the FT Edit...
Feb 14, 2023•9 min•Transcript available on Metacast The earthquake in Turkey has worsened the plight of Syrian refugees who already face rising hostility, YouTube has rolled out a revenue sharing scheme to lure new content creators away from rival TikTok, and dark horse candidate Kazuo Ueda has upset expectations for the next Bank of Japan governor. Mentioned in this podcast: ‘They hate us’: quake tests cohesion between Syrian refugees and Turkish hosts YouTube Shorts takes on TikTok in battle for younger users Download the FT Edit app here: ft.c...
Feb 13, 2023•10 min•Transcript available on Metacast China has pulled back from an internet pipeline connecting Asia with Europe, activist investor Nelson Peltz has called off his fight against Disney, and Americans are expected to wager a record $16bn on Sunday’s Super Bowl. Plus, the FT’s Owen Walker talks about Credit Suisse’s worse-than-expected earnings report and the bank’s plan to save itself. Mentioned in this podcast: China pulls back from global subsea cable project amid US tensions Nelson Peltz calls off Disney proxy fight Credit ...
Feb 10, 2023•9 min•Transcript available on Metacast Disney plans to cut 7,000 jobs to reduce costs, the UK competition regulator said Microsoft’s acquisition of video game maker Activision Blizzard would harm competition for UK gamers, and the seventh-generation leader of a European banking dynasty is taking the family’s company private. Mentioned in this podcast: Disney to axe 7,000 jobs in $5.5bn cost-cutting plan UK regulator deals blow to Microsoft’s $75bn Activision deal Activision Blizzard chief: UK would lose out if it blocks Microso...
Feb 09, 2023•10 min•Transcript available on Metacast Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of emergency in areas ravaged by the region’s worst earthquake in decades, and the FT’s John Reed explains how allegations of stock manipulation at Indian conglomerate Adani present a challenge to the country’s institutions. Mentioned in this podcast: Erdoğan declares state of emergency in Turkey after deadly earthquake Desperate victims of Turkish ear...
Feb 08, 2023•9 min•Transcript available on Metacast The UK Treasury and Bank of England are designing a “digital pound”, Google revealed plans on Monday to launch a chatbot to rival OpenAI’s popular ChatGPT, more than 11,000 residents of Nigeria’s oil-producing Niger Delta have filed a claim for compensation against Shell, and a ruling by a US court will make companies think twice about using bankruptcy schemes such as the Texas two-step to handle lawsuits. Mentioned in this podcast: UK to design ‘digital pound’ that could fend off a future...
Feb 07, 2023•9 min•Transcript available on Metacast The US donor network led by billionaire industrialist Charles Koch has signalled it will oppose Donald Trump’s bid to secure the 2024 Republican presidential nomination, and European banks launch earnings season with healthy profits. Plus, the FT’s Robert Armstrong says the latest US jobs report is another piece in the US economic puzzle. Mentioned in this podcast: Billionaire Koch’s donor network says it opposes Trump’s re-election UBS profits rise after Credit Suisse client defections De...
Feb 06, 2023•9 min•Transcript available on Metacast Big Tech companies reported earnings lacklustre yesterday, equities markets ended Thursday higher despite central banks tightening monetary policy, and US job growth is expected to have slowed for the sixth consecutive month. Mentioned in this podcast: Apple’s revenue growth streak snapped after supply chain woes Meta shares soar on resilient revenue and share buybacks ECB raises rates by 0.5 percentage points as Lagarde commits to ‘stay the course’ Bank of England raises interest rat...
Feb 03, 2023•10 min•Transcript available on Metacast The US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn equity fundraising, and banks that lost billions from the Archegos Capital Management meltdown will get back as little as 5 cents on the dollar. Plus, the FT’s Cristina Criddle looks at a new social media app launched by the founders of Instagram. Mentioned in this podcast: Federal Reserve shifts to quarter-point rate rise but warns of more t...
Feb 02, 2023•10 min•Transcript available on Metacast Hundreds of thousands of UK public sector workers set to walk out on Wednesday in co-ordinated action , the EU is set to unveil a draft plan today that loosens the rules around clean energy subsidies. Plus, the FT’s US markets editor Jennifer Hughes looked at how meme-stock companies are performing after raising capital during the pandemic meme stock frenzy. Mentioned in this podcast: EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies Meme-stock groups have raised $5bn in...
Feb 01, 2023•10 min•Transcript available on Metacast The International Monetary Fund says that global economic growth has proven “surprisingly resilient” in its latest forecast, Renault and Nissan reached a deal to save their 24-year-old alliance and sources tell FT that the Biden administration has stopped providing US companies with licences to export to Huawei. Plus, South Africa’s unreliable power supply has slowed economic growth. Mentioned in this podcast: IMF raises growth forecasts as gas prices fall and China reopens Washington halt...
Jan 31, 2023•11 min•Transcript available on Metacast India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from its value last week, central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow, and Walt Disney is bracing for a proxy battle with activist investor Nelson Peltz’s push for a board seat. Mentioned in this podcast: Adani rebuttal of short seller critique claims ‘calculated attack on India’ Central banks prepare to...
Jan 30, 2023•10 min•Transcript available on Metacast UK chancellor Jeremy Hunt will on Friday take on rightwing Tory MPs by rejecting calls for big tax cuts in his Budget, Brazil and Argentina’s leftwing leaders push ahead with common currency plan despite questions over unequal benefits, and Nigeria has begun a high-stakes attempt at London’s High Court to overturn an $11bn arbitration award. Mentioned in this podcast: Jeremy Hunt to defy rightwing Tory MPs by rejecting calls for Budget tax cuts Economists question South American currency plan&nb...
Jan 27, 2023•10 min•Transcript available on Metacast Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gushing into a US Federal Reserve facility designed to mop up excess cash in the financial system. Mentioned in this podcast: Tesla aims to build 1.8mn cars this year but warns of challenges US economic growth set to have slowed in fourth quarter of 2022 Investors pump trillions of dollars a day into ultra-safe Fed facility Bank of Canada signa...
Jan 26, 2023•11 min•Transcript available on Metacast Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted, the Qatar Investment Authority has doubled its stake in Credit Suisse, and Chris Hipkins has been sworn in as New Zealand’s next prime minister, replacing Jacinda Ardern. Mentioned in this podcast: Qatar Investment Authority doubles stake in Credit Suisse ‘Mr Fixit’ replaces Jacinda Ardern as New Zealand’s prim...
Jan 25, 2023•9 min•Transcript available on Metacast Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine. Mentioned in this podcast: China property bonds rebound on support measures from Beijing Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel Why are Ukraine’s allies arguing ...
Jan 24, 2023•8 min•Transcript available on Metacast Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Russia say a law introduced by Vladimir Putin is disrupting sales and allowing deals to be hijacked, and Elon Musk faces tough choices to meet financial obligations of his Twitter takeover financed by $13bn in debt. Mentioned in this podcast: Brazil and Argentina to start preparations for a common currency Western banks struggle to exit Russia ...
Jan 23, 2023•10 min•Transcript available on Metacast Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising interest rates, companies are trying to find solutions to global supply chain kinks, and the FT’s Yuan Yang explains the power of collectively remembering pandemic lockdowns in China. Mentioned in this podcast: Netflix co-founder Reed Hastings to step down as chief executive Central bankers pledge to ‘stay the course’ on high interest rates Compa...
Jan 20, 2023•9 min•Transcript available on Metacast The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Davos on the tense relations between the US and Europe over America’s new expensive green subsidies law. Mentioned in this podcast: EU makes green pitch to rival US subsidy splurge Microsoft to cut 10,000 jobs in push to bring down costs The US hits the debt ceiling today. What happens next? FT podcast survey The FT News Briefing is produced by Fiona Sy...
Jan 19, 2023•11 min•Transcript available on Metacast Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies. Mentioned in this podcast: Morgan Stanley retains edge over Goldman due to booming wealth unit China moves to take ‘golden shares’ in Alibaba and Tencent units...
Jan 18, 2023•11 min•Transcript available on Metacast US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, a former Russian paramilitary soldier has promised to give evidence against the notorious Wagner group after making a dramatic escape to Norway, and scientists have unveiled a laser beam to deflect lightning strikes. Plus, as EU regulators slowly roll out their own Big Tech regulation enforcement, Berlin is already holding gatekeepers to account. Mentioned in this podcast: Yellen to meet Chines...
Jan 17, 2023•9 min•Transcript available on Metacast Demand for ‘buy now, pay later’ deals has surged among all age groups in the UK, US regulators are cracking down on a type of investment vehicle used by private equity groups, and we’ll chat with the FT’s chief foreign affairs commentator Gideon Rachman as he heads to Davos. Mentioned in this podcast: US regulators crackdown on ‘collateralised fund obligations’ Geopolitics threatens to destroy the world Davos made Buy now, pay later demand soars among all age groups in the UK Special subscriptio...
Jan 16, 2023•9 min•Transcript available on Metacast Annual US inflation fell in December to its lowest level in more than a year, and Sweden’s state-owned mining company LKAB has said it has discovered Europe’s largest deposit of rare earth metals. Plus, the FT’s Jonathan Wheatley and Farhan Bokhari discuss Pakistan’s financial crisis. Mentioned in this podcast: US inflation falls to lowest level in more than a year Pakistan secures more than $9bn of pledges for post-flood recovery Sweden discovers biggest rare earths deposit in EU Access 5...
Jan 13, 2023•9 min•Transcript available on Metacast Brussels is stockpiling drugs and obliging manufacturers to guarantee supplies, and Russian forces are stepping up attacks on the Ukrainian town of Soledar. Plus, the FT’s Peggy Hollinger explains why Virgin Orbit's failed satellite launch is such a big deal for Europe. Mentioned in this podcast: Virgin Orbit scrambles to establish why first UK satellite launch failed Russian forces may have scored rare success in battle near Bakhmut Military briefing: Ukraine’s hopes lift as western allie...
Jan 12, 2023•9 min•Transcript available on Metacast UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep, and Toyota is confronting an “unprecedented” challenge to revive its electric vehicle sales. Plus, the FT’s Tom Wilson chats about the challenges facing Shell’s new chief executive, Wael Sawan. Mentioned in this podcast: Twitter hit with legal challenge from former UK staff Toyota leasing unit warns of ‘unprecedented’ challenge to boost EV sales...
Jan 11, 2023•10 min•Transcript available on Metacast The White House is facing calls from the US Congress to expel former Brazilian president Jair Bolsonaro after Sunday’s insurrection, France is set to present a draft law that will raise the country’s retirement age. Plus, the FT’s Sun Yu explains why China is restricting certain domestic companies from going public. Mentioned in this podcast: White House under pressure to expel Jair Bolsonaro after Brazil protests Beijing blocks listings of ‘red light’ companies to steer funding to strateg...
Jan 10, 2023•9 min•Transcript available on Metacast Thousands of supporters of Brazil’s former rightwing president Jair Bolsonaro stormed the country’s capital, and America’s biggest banks are set to report another quarter of bumper profits. Plus, the FT’s Middle East editor Andrew England explains how Gulf nations’ sovereign wealth funds plan to invest the cash they’ve reaped from the recent boom in oil prices. Mentioned in this podcast: Supporters of Bolsonaro invade Brazil’s Congress The new Gulf sovereign wealth fund boom The FT News Br...
Jan 09, 2023•11 min•Transcript available on Metacast The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate late last year. Plus, the FT’s Pilita Clark comments on the slow death of the company phone number. Mentioned in this podcast: Pace of US jobs growth set to have slowed again in December Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits The strange death of the company phone number The FT News Briefing is produced by Fiona ...
Jan 06, 2023•10 min•Transcript available on Metacast IMF deputy managing director says the Federal Reserve shouldn’t declare victory against inflation just yet, inflation in Europe is falling, and the World Health Organization has accused China of undercounting Covid deaths. Mentioned in this podcast: Fed wants ‘more evidence’ of easing inflation and backs fresh rate rises US inflation has not ‘turned the corner yet’, top IMF official warns Falling French inflation sparks hope of end to Europe’s price surge China has under-represented its nu...
Jan 05, 2023•8 min•Transcript available on Metacast 
