FT News Briefing

Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’s frozen assets, and Chinese President Xi Jinping visits Europe. Plus, college students in the US are calling for their universities to divest from Israel, but it’s not that simple. Mentioned in this podcast:Bonhomie and hardball: Xi Jinping visits Europe to avert trade warThe clash over whether to commandeer Russia’s frozen assetsDivestment is not as easy as it may seemBerkshire Hathaway’s cash pile hits record as Buffett cuts stake in AppleBuffett lays out expansive role for successor Greg Abel at poignant Berkshire AGMThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on university grounds, and even storming university buildings. The FT’s Washington bureau chief, James Politi, and FT New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to explain why the protests could hurt President Joe Biden’s re-election chances.Mentioned in this podcast:New York police storm Columbia University and arrest pro-Palestinian protestersPolice raid UCLA protest camp as clashes over Gaza spread across USSign up for the FT’s Election Countdown newsletter hereSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, Kasia Broussalian and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CREDIT: NBC News New York, X/@JaunMaBenitez, X/@AnthonyCabassa_, PBS NewsHourRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.Mentioned in this podcast:Apple’s revenue weighed down by falling China salesJapanese government spent $35bn to prop up yen, BoJ figures suggestJapan is haunted by a return to emerging-economy statusFTC accuses ex-Pioneer boss of seeking to collude with Opec How Europe solved its Russian gas problemThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy. Mentioned in this podcast:Federal Reserve signals that interest rates will remain higher for longerCruise line Viking rises after launching year’s second-largest US IPOWhat triggered Noel Quinn’s shock exit from HSBCThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market.  Mentioned in this podcast:Amazon’s strong cloud sales help power revenue gainsCan private equity accelerate the green transition?Jeremy Hunt warns FCA against ‘naming and shaming’ business‘Everything has changed’: foreign auto groups embrace local technology in ChinaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working space provider. Plus, an Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months. Mentioned in this podcast:Humza Yousaf quits as Scotland’s first ministerWeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bidAfrica-focused fund draws early investors to tech industryFT Life & Art podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient. Mentioned in this podcast:Ban on non-compete agreements sends shockwave across Wall StreetMicrosoft and Alphabet enjoy AI-powered gains from cloud divisionsQuestion of pay-off from AI hangs over Big Tech earningsWestern banks in Russia paid €800mn in taxes to Kremlin last yearTurkey in talks with ExxonMobil over multibillion-dollar LNG dealThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court set out to answer a big constitutional question on Thursday: can a president be charged for potential crimes committed while in office? The FT’s Washington bureau chief, James Politi, and US legal and enforcement correspondent, Stefania Palma, join this week’s Swamp Notes to explain why the answer could determine the outcome of Donald Trump’s federal trials and the future of the American presidency.Mentioned in this podcast:US Supreme Court debates limits of presidential immunity in Donald Trump appealDonald Trump prepares his final pitch on presidential immunitySign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: CNNRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migration. Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again. Mentioned in this podcast:Alphabet shares surge past $2tn after search giant unveils first ever dividendMicrosoft’s revenue and cloud sales beat expectationsBiden dealt blow as investors scale back bets on pre-election rate cutWhy is BHP bidding for Anglo American?BHP proposes £31bn takeover of Anglo American in mining mega-dealHow Europe is paying other countries to police its bordersThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill. Mentioned in this podcast:Meta shares fall as it predicts higher expenditure on AIEU conducts ‘dawn raid’ on Chinese security equipment supplierPentagon rushes $1bn in weapons to Kyiv after Biden signs aid billJoe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’Boeing burns through $4bn in first quarter after door plug blowoutThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.Mentioned in this podcast:Tesla revenue declines in first quarter as vehicle sales slowSpotify hits record quarterly profit as it enters ‘new phase’US FTC bans non-compete agreementsDemand for Egyptian debt surges after $55bn bailout and investment packageLatin American cocoa farmers rush to expand planting as prices spikeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’ after the US pushes ahead with a bill demanding the Chinese parent sell its viral app in the country, and traders have built up bets that the Federal Reserve could actually raise interest rates. Plus, Goldman Sachs has relocated its head of financial institutions group for Europe from London to Paris.Mentioned in this podcast:Goldman Sachs moves senior banker to Paris in post-Brexit revampTikTok gears up for legal fight in US to prevent banInvestors price in growing chance of further Fed rate risesNew York Stock Exchange tests views on round-the-clock tradingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing. Mentioned in this podcast:Tesla shareholders braced for worst results in 7 yearsWhy oil prices remain steady even as Middle East tensions escalateCovid vaccine makers to clash in London over mRNA patent disputeChina warns west of ‘survival of the fittest’ as manufacturing boosts economyParisians struggle to cash in on Olympic Games rentalsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Both Donald Trump and Joe Biden made campaign stops last week in Pennsylvania, whose 19 electoral votes could decide the outcome of the 2024 election. But in a state with such a range of demographic groups, how can each find a message that will stick? The FT’s deputy Washington bureau chief, Lauren Fedor, and US political editor Derek Brower join to discuss. Credit: The Independent, The Times and the Sunday TimesMentioned in this podcast:Joe Biden’s speech to steel workers underscores union’s burgeoning influenceJoe Biden calls for tripling of tariffs on Chinese steelJosh Shapiro warns Joe Biden gas stance could hurt election hopesSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign. Mentioned in this podcast:Netflix profits surge on strong subscriber growthThe great bet on rate cuts is offEuropean stocks suffer worst day in nine monthsUS to grow at double the rate of G7 peers this year, says IMFJay Powell says US inflation ‘taking longer than expected’ to hit targetBusinesses bank on Narendra Modi election win to ease India’s bottlenecksLuxury automakers hit by Korea’s new neon green licence plate rule for company carsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, and the IMF warns that the US’s massive fiscal deficit poses significant risks to global markets. Plus, artificial intelligence needs an abundance of electricity to run, but the world is struggling to generate it.Mentioned in this podcast:Iran oil exports hit 6-year high as west prepares sanctionsMajority of EU states object to capital markets reform pushUS deficit poses ‘significant risks’ to global economy, warns IMFBooming AI demand threatens global electricity supplyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.Mentioned in this podcast:Andreessen Horowitz raises $7.2bn and sets sights on AI start-upsBeijing reforms unloved state-owned enterprises to win back investorsUS to grow at double the rate of G7 peers this year, says IMFUkraine’s air defence struggle shows risks to IsraelThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT’s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.Mentioned in this podcast: Goldman Sachs traders help fuel 28% profit increaseGoldman Sachs knows what fits it best — plenty of dealsCVC’s tortuous path to an IPOTesla to cut 10% of global workforceThe migrant highway that could sway the US electionThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.Mentioned in this podcast:Net interest income may have peaked for Wall Street banksChina’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiringIsrael weighs response to unprecedented attack by IranPressure mounts on US lawmakers to approve new aid for IsraelCredit: NBC The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.Mentioned in this podcast:Arizona court bans almost all abortions in Trump-Biden swing stateDonald Trump says abortion law should be left to statesSign up for the FT’s Swamp Notes newsletter hereTell us what you’re thinking about the US election!  Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Forbes Breaking NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court. Mentioned in this podcast:EU’s sanctions regime in turmoil after oligarchs win legal battleManagers to shut or convert $220bn of US money market funds before rule changeUS allies urge Iran not to retaliate against IsraelEuropean Central Bank holds interest rates at 4% in contested decisionRegister for our FTWeekend Festival in the US! Promo code for 10% off tickets: weekendpodcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”.Mentioned in this podcast:Markets slash rate cut bets after US inflation rises to 3.5%Investors lose hope of rapid US interest rate cuts this yearKPMG fined $25mn over exam cheating scandal at firm’s Dutch armLloyds Bank axes risk staff after executives complain they are a ‘blocker’Register for our FTWeekend Festival in the US! Promo code for 10% off tickets: weekendpodcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions. Mentioned in this podcast:OpenAI and Meta ready new AI models capable of ‘reasoning’Ecuador’s president displays strongman credentials with Mexico embassy raidBig investors buy European bonds over US as economies diverge‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ labelRegister for our FTWeekend Festival in the US! Promo code for 10% off tickets: weekendpodcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world’s biggest chipmaker will build cutting-edge facilities in Arizona in exchange for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects.Mentioned in this podcast:TSMC boosts Joe Biden’s AI chip ambitions with $11.6bn US production dealUS, UK and Australia say Japan could join part of Aukus pactRegulator seeks to quell public anger on UK water with £11mn restoration fundRegister for our FTWeekend Festival in the US! The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered search, and European defence companies are worried about their reliance on China for a critical component in gunpowder for ammunition. Plus, global stock market concentration has risen to its highest level in decades.Mentioned in this podcast:Israel says it has pulled out of Khan Younis to prepare for move on Rafah European defence groups warn over reliance on Chinese cotton used in gunpowderHow Google lost ground in the AI raceGoogle considers charging for AI-powered search in big change to business modelGlobal dominance of biggest stocks rises to highest in decadesRegister for our FTWeekend Festival in the US!The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s first term as president featured mainstream Republican figures — respected military officials, centre-right policymakers, and neoliberal business leaders — who promised to temper his more extreme instincts. But if Trump takes office again, his White House could feature a very different cast of characters. The FT’s Washington bureau chief, James Politi, and deputy Washington bureau chief, Lauren Fedor, join this week’s Swamp Notes to discuss what a second Trump White House would look like. Mentioned in this podcast:The Trump machine: the inner circle preparing for a second termSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cyber attacks on railway systems throughout Europe. Plus, a new plan to give a boost to Africa’s agriculture.Mentioned in this podcast:Benny Gantz calls for early elections in IsraelIsraelis hold biggest rally against Netanyahu since start of Gaza warCan Africa one day help feed the world’s growing population?Global equity supply falls at fastest pace in decades Russia is trying to sabotage European railways, warns PragueThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Lower than expected eurozone inflation number bolsters expectations of ECB interest rate cuts by summer, People’s Liberation Army mobilisation units reflect Xi Jinping’s focus on security, Tesla faces a tough moment, and big investors line up behind management at Disney. Mentioned in this podcast:Eurozone inflation falls to 2.4% in MarchChinese companies revive Mao Zedong-era militiasWhere Tesla departs from the Mag 7The big worry for carmakers: what if the EV slowdown is not a blip?Bob Iger defeats Nelson Peltz by wide margin in Walt Disney board clashThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

Nato is trying to ‘Trump-proof’ funding for the war in Ukraine, Thames Water’s owners will start urgent restructuring talks, and birth rates are declining despite wealthy countries investing in family- friendly policies. Mentioned in this podcast:Thames Water owners to begin urgent restructuring talksWhy family-friendly policies don’t boost birth ratesNato plans $100bn ‘Trump-proof’ fund for UkraineSouthern growth spurt creates two-speed eurozone economyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike, research institutes in the US and UK will work together to mitigate the risks of AI, and Robinhood gets into the credit card business.Mentioned in this podcast:Iran accuses Israel of killing general in strike on Damascus consulateUS and UK sign landmark agreement on testing safety of AI Beyond memes: Robinhood seeks to broaden its appealSign up for the FT Alphaville pub quiz!The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Online fake news and hybrid campaigns increase ahead of European elections, investors are concerned about President Lula’s interventions in the economy, and China’s factory activity has expanded for the first time in six months.Mentioned in this podcast:Europe battles ‘avalanche of disinformation’ from RussiaLuiz Inácio Lula da Silva steps up interventions in Brazil’s largest companiesChina’s factory activity adds to signs of recoveryThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareholders might take a big financial hit. Plus, what instant noodles can tell us about the economy. Mentioned in this podcast:Thames Water shareholders signal readiness to take £5bn hitFTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraudLloyd’s of London chief calls for quick insurance payouts on Baltimore bridgeOodles of noodles: how a global favourite became an economic red flagThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, and Florida and Disney resolve a legal dispute. Plus, US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years. Mentioned in this podcast:End of negative interest rates in Japan raises threat of yen volatilityUS small-caps suffer worst run against larger stocks in over 20 yearsDisney settles lawsuit in Florida theme-park disputeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in Donald Trump’s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US transaction fees. Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success. Mentioned in this podcast: Donald Trump has $4.6bn stake in social media group after market debutVisa and Mastercard agree $30bn settlement over US transaction feesCan UBS become Europe’s Morgan Stanley?In German groceries, even computers have to obey century-old ban on Sunday workThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UN Security Council passed a resolution demanding a ceasefire in Gaza, the Ukraine war distracted Russian security forces from addressing Islamist terrorism threats, and Boeing chief executive Dave Calhoun plans to step down at the end of the year. Plus, the FT’s Antoine Gara explains how infrastructure went from an investment backwater to a $1tn asset class. Mentioned in this podcast:How Ukraine war distracted Moscow from Isis-K threatInfrastructure: from investment backwater to a $1tn asset classIsrael cancels Washington visit after UN resolution demands Gaza ceasefireBoeing CEO Dave Calhoun to step down as company battles safety concernsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ‘quid pro quo’ strategy for trade talks. Mentioned in this podcast:US and Japan plan biggest upgrade to security pact in more than 60 yearsInvestors pour money into US corporate bond funds at record rateIndia’s ‘quid pro quo’ strategy for trade talksThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats have honed in on a novel campaign strategy over the past few election cycles: elevate Trump-backed candidates in GOP primaries, and then blow past them in general elections. So far, the strategy has mostly paid off, but will this risky gamble work in 2024? The FT’s deputy Washington bureau chief, Lauren Fedor, and US managing editor, Peter Spiegel, join to discuss. Credit: Associated Press, WCPO-9 Mentioned in this podcast:Donald Trump-backed US Senate candidate clinches Republican nomination in OhioSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT’s Sujeet Indap explains why Hertz’s pivot to electric vehicles went awry.Mentioned in this podcast:US accuses Apple of building smartphone market monopoly in antitrust caseHow Hertz’s bets on Tesla and a Goldman veteran veered off courseSocial media site Reddit soars 48% in New York IPOGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The west is focusing on new technology in nuclear energy to reduce reliance on Russia and carbon, and profits at Chinese ecommerce group PDD Holdings soared 146% in three months to December. Plus, price rises in services in the US are making the Federal Reserve’s decision-making over interest rates more complicated.Mentioned in this podcast:Macron to revive demands for European defence bonds Security concerns fuel nuclear energy renaissance Has inflation stopped falling?Temu-owner PDD doubles revenues to cap ‘pivotal’ yearGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied to move their headquarters to rival nations. Mentioned in this podcast:Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unitBank of Japan ends era of negative interest ratesUnilever to split off ice cream business and cut 7,500 jobsRival nations seek to poach top UK and European AI start-upsGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia announced a new “superchip” and Vladimir Putin’s expected electoral victory is an inflection point for Russia. Plus, the FT’s Heba Saleh explains why young people in Gaza are being called the lost generation. Mentioned in this podcast:Nvidia unveils new ‘superchip’ in push to continue dominance of AI marketVladimir Putin cements Russian rule for another six yearsThe lost future of young GazansGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies. Plus, after years of negative news surrounding South Africa, there are grounds for medium-term optimism.Mentioned in this podcast:US labour watchdog attracts enemies from Amazon to SpaceXThe bullish case for South AfricaBenjamin Netanyahu defies western allies over Gaza strategyCentral bankers take centre stageGet 40% off a digital FT subscription: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Union workers used to be a reliable pillar of the Democratic party’s voting coalition. Then Donald Trump arrived on the scene. The FT’s global business columnist, Rana Foroohar, and US labour and equality correspondent, Taylor Nicole Rogers, join this week’s Swamp Notes to examine how President Joe Biden is trying to win workers back, and why unions may decide November’s election. Mentioned in this podcast:America’s most powerful union leaders have a message for capitalUnion workers score big pay gains as labour action sweeps USSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: UAWRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UAE is in talks to invest in OpenAI’s chip- making business and an Uber courier makes an app to fight against the company’s algorithms. Plus, a look at how the encrypted messaging app Telegram has become both an important news source and a hotbed of criminal activity. Mentioned in this podcast:Abu Dhabi in talks to invest in OpenAI chip venture Telegram: social media giant or the new ‘dark web’?The delivery rider who took on his faceless bossPre-Order: ‘Code Dependent’ by Madhumita Murgia The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Far-right firebrand Geert Wilders has conceded he will not become prime minister of the Netherlands, Ukraine has stepped up drone strikes on oil refineries deep inside Russia, and a bill to ban TikTok in the US passed the House of Representatives. Plus, Nigeria is in the middle of a currency crisis and the government is blaming Binance for a lot of it.Mentioned in this podcast:Geert Wilders announces he will not be PMUkraine strikes oil refineries deep inside RussiaUS House votes through bill to ban TikTokNigeria pushes Binance for user data in stand-off over naira speculationThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU and US found some stop-gap funding for weapons for Ukraine, China is scrapping a number of infrastructure projects in indebted regions, and US inflation ticked up unexpectedly. Plus, tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia. Mentioned in this podcast:EU and US find stop-gap funding for Ukraine weaponsChina’s treatment of local debt ‘ulcer’ threatens growth targetUS inflation rises to 3.2% in FebruaryMalaysia: the surprise winner from US-China chip warsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine. Mentioned in this podcast:Brussels aims to fast track up to €3bn for Ukraine from frozen Russian assetsReddit aims to raise more than $500mn in IPOEU ministers approve ‘status quo’ rules for gig economy workers Can ships carrying aid help avert famine in Gaza?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank. Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of unsold assets.Mentioned in this podcast:The radical changes coming to the world’s biggest bond marketNumber of weak US banks jumps as NYCB stabilised on $1bn capital raiseDealmaking slowdown leaves private equity with record unsold assetsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Joe Biden was in the spotlight this week as he made his annual State of the Union address. It was his chance to not only speak directly to the American people, but also prove that he’s up to the task of campaigning for re-election. So how did he do? The FT’s US national editor and columnist, Edward Luce, and Washington reporter, Steff Chávez, join us to discuss. Mentioned in this podcast:Joe Biden just kicked off his re-election campaignBiden attacks Trump in fiery State of the Union speechSign up for the FT’s Swamp Notes newsletter hereUS Election Countdown newsletterSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: PBS, ABC News Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country’s attention. Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world. Credit: TemuMentioned in this podcast: Trial begins for Vietnamese property tycoon accused of $12bn fraudThe mysterious rise of the Chinese ecommerce giant behind TemuUS plans to establish port on Gaza coast to step up aid deliveriesInstagram overtakes TikTok in app downloads in race for new usersThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.