FT News Briefing

Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund. Mentioned in this podcast:US banks step up sales of loan portfolios to private lendersOdey Asset Management in talks with SW Mitchell over Oliver Kelton’s fundsWall Street shares waver as central bankers warn of more rate risesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Sierra Leone’s president, Julius Maada Bio, has won a second term in office, the US Supreme Court rejects a Republican election plan, and a New York court has ruled that FTX’s Sam Bankman-Fried cannot dismiss the criminal charges against him. Plus, a leading Japanese semiconductor equipment maker has accepted a $6.4bn buyout offer from a state-backed fund. Mentioned in this podcast:Bio secures second term as Sierra Leone leaderUS Supreme Court affirms state courts’ authority over election rulesSam Bankman-Fried fails to dismiss criminal charges related to FTXJapan steps into chip supply chain with $6.4bn JSR dealThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 head of the Wagner militia has denied trying to overthrow the Russian government, and western banks may not be able to participate in the Shanghai IPO of Swiss chemicals group Syngenta. Plus, the Federal Reserve’s campaign to increase interest rates is doing damage to short-term bond yields.Mentioned in this podcast:Wagner chief hails march on Moscow as ‘masterclass’ but denies coup bidBets on bond renaissance frustrated by stubbornly high inflationChina’s biggest IPO in years poses $9bn question for western banksHollywood producer says champagne gifts for Netanyahu may have been ‘excessive’The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Wagner troops withdrew from Russia late Saturday night after an abandoned coup attempt on Moscow, Greek prime minister Kyriako Mitsotakis won re-election in a blowout, and foreign investors viewed Turkey’s first interest rate rise in years as a ‘baby step’ towards ending the country’s economic crisis. Mentioned in this podcast:Kyriakos Mitsotakis set for return to power in Greek electionsWagner troops withdraw as Russian uprising leaves Putin weakenedInvestor scepticism remains after Turkey’s ‘baby step’ towards ending crisisThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Home prices in the US and UK skyrocketed during the coronavirus pandemic. In a special four-part series, we explored how they got so out of whack and what might work to bring back some balance. Mentioned in this podcast:Homesharing offers a cheaper alternative to rental accommodationTurning offices into condos: New York after the pandemicThe Fed’s waiting game: is the US economy finally starting to crack?How stubborn inflation has undermined the UK housing marketThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

The Bank of England’s 50 basis point interest rate rise is causing concern for the UK’s already-high mortgages, and Germany has signed another long-term deal to import more US liquefied natural gas. Plus, the FT’s Aanu Adeoye explains what’s at stake in Sierra Leone’s election this weekend. Mentioned in this podcast:‘We’re suffering’: soaring costs create opening for Sierra Leone’s oppositionBank of England raises interest rates by 0.5 percentage pointsMass UK house repossessions unlikely despite soaring mortgage ratesGermany locks in more US natural gas as it shuns Russian supplyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

India’s prime minister Narendra Modi is set to address the US Congress today, and US regulators are accusing Amazon of duping customers into signing up for its Prime service without their consent. Plus, Italy has stripped China’s Sinochem of its influence as the largest shareholder in the Italian tyremaker Pirelli. Mentioned in this podcast:India’s Narendra Modi embarks on US state visit to deepen defence and tech tiesWashington’s embrace of Modi carries a priceFTC alleges Amazon ‘tricked and trapped’ customers with Prime subscriptionsItaly strips China’s Sinochem of its influence as Pirelli’s largest investorThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Singapore’s sovereign wealth fund GIC has accelerated dealmaking in the US, and US president Joe Biden’s son has agreed to plead guilty to tax and firearm possession charges. Plus, the FT’s Madhumita Murgia visited an AI voice technology start-up to explain some of its applications and risks. Mentioned in this podcast:Singapore’s GIC accelerates US deals as China coolsHunter Biden hit with federal tax and firearm chargesCan AI make me a musical star?The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Secretary of State Anthony Blinken has met with China's President Xi Xinping in an attempt to ease US-Sino tensions. Plus, the aerospace industry says that flying taxis could soon be on the horizon in cities around the world.Mentioned in this podcast:Xi Jinping sees ‘progress’ in China-US ties at meeting with Antony BlinkenWhich flying taxi will take off first?Amazon, Hilton and Starbucks to hire thousands of refugees across EuropeThe FT News Briefing was produced by Fiona Symon and Josh Gabert-Doyon. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music and Simon Panayi was the audio engineer.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

AstraZeneca has drawn up plans to break out its China business, and France is challenging a German-led plan to build up Europe’s air defences. Plus, US businesses are cutting back on their investments in diversity and inclusion. Mentioned in this podcast:AstraZeneca drafts plan to spin off China business amid tensionsFrance summons allies in challenge to German-led air defence plan Cuts to investment in diversity threaten gainsHunt tells ministers to quicken adoption of AI to boost economyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

In this last episode of Martin Wolf’s series, the FT’s chief economics commentator sits down with the FT’s executive opinion editor, Jonathan Derbyshire, to give his concluding thoughts on the state of the world’s democracies. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, and his conversations in this series, they discuss what role citizens’ juries could play in rectifying some of what has gone wrong in the past couple of decades.Want more?Martin Wolf: in defence of democratic capitalismCitizens’ juries can help fix democracyFor Martin’s FT columns click hereFor the FT review of Martin’s book click here Read a transcript of this episode on FT.comThis episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

In this fourth episode of Martin Wolf’s series, the FT’s chief economics commentator discusses the rise of populist politics with someone who was hit by its hard edge: Hillary Clinton. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what the future holds for democracy, why female leaders face such extreme misogyny and threats of violence, whether President Biden can win re-election next year, and why Clinton is pinning her hopes on a younger generation of voters.Want more?Martin Wolf: in defence of democratic capitalismCitizens’ juries can help fix democracyFor Martin’s FT columns click hereFor the FT review of Martin’s book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa. The sound engineers are Samantha Giovinco and Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: CNN, ABC, CBS, OAN, Fox, BBC, CBCRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK hedge fund firm Odey Asset Management is being dismantled in the wake of sexual misconduct allegations against its founder and Saudi Arabia has spent almost $8bn on gaming companies in the past 18 months as part of a turbocharged investment spree. Plus, FT markets editor Katie Martin talks about this week’s asynchronous central bank moves. Mentioned in this podcast:ECB increases interest rates to highest level since 2001Chinese economic data fuels gloom over recoverySaudi Arabia spends billions in drive to dominate global games industryOdey Asset Management to be broken upUnhedged podcast: https://link.chtbl.com/UnhedgedThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Federal Reserve paused its interest rate rise campaign on Wednesday after 10 straight increases, and former UK prime minister Boris Johnson has been found to have committed “multiple” contempts of parliament. Plus, Russian energy giant Gazprom has been backing militias in the Ukraine war.Mentioned in this podcast:Federal Reserve pauses rate rise campaign but signals more to comeBoris Johnson found to have committed ‘multiple’ contempts of parliament‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in UkraineBeyonce blamed for stubbornly high Swedish inflationCredit: Beyonce performs Break My Soul in StockholmThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

EY’s global chief executive Carmine Di Sibio says he is planning to retire next year, and the FT’s Joshua Franklin explains the impact of JPMorgan settling a lawsuit over its 15-year relationship with Jeffrey Epstein. Plus, in the fourth and final part of our housing series, we look at what the government can do to bring down prices. Mentioned in this podcast:EY chief Carmine Di Sibio to retire after failure of split planJPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuitThe Fed’s waiting game: is the US economy finally starting to crack?How stubborn inflation has undermined the UK housing marketThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

France is drumming up support for a global levy on greenhouse gas emissions from the shipping industry, and former Italian prime minister Silvio Berlusconi has died. Plus, an explosive FT investigation exposed sexual misconduct allegations against prominent financier Crispin Odey. Mentioned in this podcast:France seeks to rally support for emissions levy on shippingSilvio Berlusconi, Italian prime minister, 1936-2023How Crispin Odey evaded sexual assault allegations for decadesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 former first minister of Scotland, Nicola Sturgeon, was arrested on Sunday, Boris Johnson’s exit from UK parliament will have consequences for the Conservative Party. Plus, former US president Donald Trump’s most recent indictment could have implications on his 2024 run for president. Mentioned in this podcast:Nicola Sturgeon arrested in probe into SNP financesJohnson quits parliament in protest at MPs’ ‘kangaroo court’Trump indictment’s sharp details seen as ‘daunting for the defence’ The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

In this third episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to the journalist and historian Anne Applebaum, who has written extensively about the history of communism and the development of civil society in central and eastern Europe. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what lies behind a global rise in autocracy and what can be done to counter it.Want more?Martin Wolf: in defence of democratic capitalismFor Martin’s FT columns click hereFor the FT review of Martin’s book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley. Clips: C-Span, France 24, Soviet radio, BBC, Stanford University, CBSRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla and General Motors have struck a deal to let the Detroit carmaker’s customers plug in at 12,000 of the Texas company’s roadside chargers, and Turkey eased its long-running battle to defend the lira and the currency plunged. Plus, US President Joe Biden and UK Prime Minister Rishi Sunak on Thursday agreed on an “Atlantic declaration” to strengthen economic ties between the two countries.Mentioned in this podcast:Turkish lira slumps as new economic team starts ‘intentional devaluation’Biden and Sunak unveil ‘Atlantic declaration’ to strengthen economic tiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

We want to tell about a new podcast coming soon! On Unhedged, Ethan Wu, Katie Martin and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Unhedged launches June 13, you can follow the show here! Hosted on Acast. See acast.com/privacy for more information.

The US, Taiwan and Japan will share real-time data from naval reconnaissance drones, India’s deadliest train accident happened despite years of investment, and an architect-developer duo in Baltimore, Maryland, are converting an historic office building into residential housing. But how much can it ease the housing shortage? Mentioned in this podcast:US to link up with Taiwan and Japan drone fleets to share real-time dataIndia’s surging rail investment fails to avert disasterTurning offices into condos: New York after the pandemicThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies from sensitive sites; and the venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing. Plus, the destruction of a dam on the front lines of the war in Ukraine has flooded entire towns and forced tens of thousands of people to evacuate. Mentioned in this podcast:UK to strip Chinese surveillance cameras from sensitive government sitesSequoia to spin off its China business Dam break gives Russia a new weapon in Ukraine WarSaudi Arabia to spend billions on shock merger of PGA Tour and LIV GolfThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 securities regulators yesterday sued the world’s largest crypto exchange and accused Binance of a host of violations, sliding German butter prices are spreading hope of lower food inflation, and global carmakers have been caught off guard by the speed of China’s shift to electric vehicles. Mentioned in this podcast:Crypto exchange Binance sued by SEC in latest blow from US regulatorsSliding German butter prices spread hope of lower food inflation China’s car market has become a Darwinian battlegroundThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Saudi Arabia is cutting oil production, Turkey has a new finance minister and Apple is unveiling a mixed-reality headset today. Plus, the FT’s Kaye Wiggins explains how Asda has been able to take on enormous debt and whether its luck is about to change. Mentioned in this podcast:Virtual reality start-ups pin hopes on Apple to lure back fundingSaudi Arabia seeks to boost oil price with output cut of 1mn barrels a dayAsda chair defends £2.3bn deal for UK operations of sister group EGTurkey’s new finance minister pledges to return to “rational” economic policy The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC. Our terrific colleagues played a friendly game of news trivia, and the FT’s Ethan Wu gave us a preview of his new podcast Unhedged, which comes out June 13. The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

In this second episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what’s behind a deepening global ‘democratic recession’.LinksMartin Wolf: in defence of democratic capitalismFor Martin’s FT columns click hereFor the FT review of Martin’s book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: BBC, CNN, WIONRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s invasion of Ukraine. Plus, Ukraine’s attacks such as the Moscow drone strikes are seen as ‘magician’s sleight of hand’ that deceives the Kremlin and derails Russia’s plans. Mentioned in this podcast:Binance loses market share after regulatory clampdownChuck Schumer races to push US debt ceiling bill through Senate by end of weekEurozone inflation falls to lowest level since Russia invaded UkraineMilitary briefing: Ukraine’s daring ‘shaping operations’ stretch Russian defences Rachman Review podcast: Is the Ukraine War reaching a turning point? The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 House of Representatives voted to raise the debt ceiling last night. Plus, in part two of our housing series, the FT’s Persis Love explores a niche solution to skyrocketing rents in the UK, called homesharing. Mentioned in this podcast:US closer to avoiding historic default as House advances debt ceiling billHomesharing offers a cheaper alternative to rental accommodationThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

China has called for “stable and constructive” ties with the US in a meeting with Elon Musk and some Wall Street companies are building their own digital markets trading platforms to compete with crypto companies. Plus, the FT’s Nicholas Megaw explains why investment funds have become a bigger insider trading risk for US lawmakers than buying shares in a single company. Mentioned in this podcast:Wall Street ready to take on established crypto companiesUS Congress: how investment funds became the new insider trading riskChina calls for ‘stable’ ties with US in meeting with Elon MuskNvidia hits $1tn market cap as chipmaker rides AI waveThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 and Republicans are confident they can pass a deal to avert a US debt default, the lira slides after Turkish president Recep Tayyip Erdoğan is re-elected, and ageing populations are causing government credit ratings to take a hit. Mentioned in this podcast:Debt ceiling fight shifts to Congress as lawmakers prepare for first votesTurkey’s lira weakens as economists warn of economic challengeAgeing populations ‘already hitting’ governments’ credit ratingsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

In the first of this four-part series, the renowned FT columnist and economist Martin Wolf tells the FT’s executive opinion editor Jonathan Derbyshire why he fears the marriage of liberal economics and democracy may be facing its toughest test in decades. Drawing on arguments in his latest book, The Crisis of Democratic Capitalism, Martin explains how his own life story and career have shaped his views.Want more?Martin Wolf: in defence of democratic capitalismFor Martin’s FT columns click hereFor the FT review of Martin’s book click hereThis episode is presented by Jonathan Derbyshire. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: BBC, CNN, Fox NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

More large US companies are taking shelter in bankruptcy court, Nvidia is on course to become the first chipmaker to be valued at more than $1tn, and Turkish voters go back to the polls to pick their next president. Mentioned in this podcast:US credit squeeze triggers rise in corporate bankruptciesNvidia races towards $1tn club as AI frenzy drives chip stocks higherThe latest on Turkish electionsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

UK gilt yields hit levels not seen since last year’s “mini” Budget crisis, and Australia’s government has referred a PwC tax leak scandal to the country’s federal police. Plus, in part one of our series on housing, the FT’s Sonja Hutson looks at why there are so few homes on the US market. Mentioned in this podcast:Gilt yields soar towards ‘mini’ Budget levels after inflation disappointsAustralian government refers PwC tax leaks scandal to policeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

A double-digit drop in German exports to China has rattled Europe’s biggest economy and the UK is set to lose a high-profile solar power investment. Plus, the FT’s Harry Dempsey explains why investors and central banks are piling into the gold market.Mentioned in this podcast:Big drop in German exports to China raises fears over EU’s industrial powerhouseUK set to lose solar investment after developer criticises lack of incentivesWhy investors are going gaga for goldThe new gold boom: how long can it last?Apple expands US chip sourcing with multibillion-dollar Broadcom dealThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

China’s semiconductor industry fears Japanese curbs on exports of crucial chipmaking equipment are stricter than US limits, Meta has been hit with a €1.2bn fine by the EU for privacy violations, and the Adani Group is trying to woo investors after a series of allegations from short-seller Hindenburg. Mentioned in this podcast:China fears Japan’s chipmaking curbs go further than US restrictionsFacebook owner Meta hit with record €1.2bn fine over EU-US data transfersAdani seeks to woo bankers with three-day tour after short seller’s attackIndian market regulator has ‘hit a wall’ in Adani probeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Florida governor Ron DeSantis is expected to launch his campaign for US president this week, China has banned operators of key infrastructure from buying chips from US chipmaker Micron Technology, and Morgan Stanley is searching for a new CEO after James Gorman announced that he’s stepping down. Plus, the FT’s Sylvia Pfeifer explains how the war in Ukraine has put a spotlight on tech-led defence companies. Mentioned in this podcast:Ron DeSantis struggles for lift-off as campaign launch nearsChina bans Micron’s products from key infrastructure over security riskMorgan Stanley chief James Gorman to step down within a yearUkraine war puts spotlight on tech-led defence companiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 rules to protect big tech companies from being liable for users’ posts, and G7 countries are preparing new sanctions against Russia. Plus FT technology reporter Cristina Criddle learned that TikTok spied on her. She talks about her experience.Mentioned in this podcast:Supreme Court sides with tech giants over legal shield for contentTikTok spied on me. Why?G7 host Japan seeks unity on threat from ChinaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Ukraine’s allies worry that support from the US will lose steam during next year’s election cycle, and Japan’s stocks are reaching new highs. Plus, the European Central Bank is big on a digital currency. Europeans? Not so much.Mentioned in this podcast:Ukraine’s allies fear military support will fade in US election yearJapan stock index hits 33-year high as investors warm to Tokyo storyThe digital euro: a solution seeking a problem?The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Trade Commission sued to block the biotechnology company Amgen’s $28.3bn deal to acquire Horizon Therapeutics, Italy is struggling to spend €200bn in EU Covid recovery funds, and Ukraine said it repelled an unprecedented barrage of Russian missiles over Kyiv. Mentioned in this podcast:FTC warns of ‘rampant’ pharma consolidation as it targets $28bn Amgen dealItaly overhauls plans for €200bn in EU Covid recovery fundsUkraine says it repelled ‘exceptional’ barrage of Russian missilesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Ford plans to reduce its future investment in China, and prominent investors are upset with the record number of share buybacks. Plus, the FT’s Eleni Varvitsioti explains that Greece’s economic recovery has come at a cost to some of its citizens. Mentioned in this podcast:Ford to scale back China investments amid EV competition from local rivalsGreece’s ‘greatest turnround’: from junk to investment gradeRecord buyback spree attracts shareholder complaintsKrispy Kreme boss shrugs off UK’s tightening anti-obesity rulesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Turkish leader Recep Tayyip Erdoğan and rival Kemal Kılıçdaroğlu are locked in a tight battle for the presidency as the election count suggested rising odds of an unprecedented second round, Argentina today will announce a new round of emergency government measures, Twitter's new CEO could mend relations with advertisers who have paused spending on the social media site, and big infrastructure projects have led to soaring demand for the world’s most used natural material, sand.Mentioned in this podcast:Turkey’s opposition disputes early election lead for ErdoğanLinda Yaccarino: an advertising veteran enters the wild world of Musk’s TwitterArgentina plans emergency economic measures to avoid big devaluationSand shortages push up cost of jam jars and frackingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Elon Musk says he’s hired a new CEO for Twitter, and Turkey heads to the polls this weekend for what analysts say is the biggest presidential election there in decades. Plus, the FT’s Katie Martin and Jennifer Hughes explain what the US debt ceiling fight is doing to Treasury markets. Mentioned in this podcast:Elon Musk says he has found a new Twitter CEOEU plans Black Sea internet cable to reduce reliance on RussiaTurkish presidential candidate İnce quits race days before voteTurkey: Erdoğan faces his greatest electoral challenge yetThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Disney sharply reduced its losses from video streaming in the second quarter, US inflation dipped to its lowest level since April 2021, and the FT’s Joe Leahy explains China’s crackdown on foreign business due diligence firms, including Capvision, Bain and Mintz. Mentioned in this podcast:Disney shaves streaming losses as subscription fees riseUS inflation eases to 4.9% in April as Fed tightening takes effectChina raids multiple offices of international consultancy CapvisionSpotify ejects thousands of AI-made songs in purge of fake streamsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 has been found liable for the sexual abuse of a journalist in a Manhattan department store in the 1990s, Ireland plans to set up a sovereign wealth fund with its bumper budget surpluses, and China’s foreign minister has condemned EU proposals to impose sanctions on Chinese companies for supporting Russia’s war machine. Plus, the FT’s Hannah Murphy talks about one of the latest challengers to Twitter, Jack Dorsey’s Bluesky.Mentioned in this podcast:Donald Trump found liable in civil lawsuit over writer’s sexual abuseIreland to propose creation of sovereign wealth fundChina vows to retaliate against EU sanctions on its companiesJack Dorsey’s Bluesky emerges as latest challenger to Elon Musk’s TwitterThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Bank of England is set to raise interest rates to their highest level since 2008 this week, and investors are worried about the impact of rising rates on US commercial real estate. Plus, the FT’s James Kynge explains the decline in Chinese investment into Europe.  Mentioned in this podcast:Bank of England set to raise rates to highest level since 2008US lenders warned that commercial property is ‘next shoe to drop’Chinese investment in Europe falls as watchdogs increase scrutinyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, and education companies are struggling after a warning over ChatGPT. Plus, the FT’s deputy Washington bureau chief Lauren Fedor explains what’s at stake if the US doesn’t raise its debt ceiling. Mentioned in this podcast:Russia’s energy sector hit as Kremlin forced to increase taxDebt ceiling diehard in rural Virginia vows to ‘call Democrats’ bluff’Yellen warns of ‘constitutional crisis’ over US debt ceiling impasseEducation companies’ shares fall sharply after warning over ChatGPTCredit: The debt ceiling must be raised to avoid 'economic calamity’: Janet YellenThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Apple said on Thursday that revenues shrank for a second straight quarter, the European Central Bank raised interest rates by a quarter of a percentage point, and US regional banks suffered severe stock declines. Mentioned in this podcast:ECB raises rates as Lagarde warns of ‘more ground to cover’Western Alliance shares recover after it denies report of potential saleWhat’s changed for regional banks this week?Apple reports weaker revenue for a second straight quarterEd Sheeran wins ‘Let’s Get It On’ copyright infringement trialEd Sheeran’s Thinking Out Loud © 2014 Asylum Records UK, a Warner Music UK CompanyMarvin Gaye’s Let’s Get It On © 2001 Motown Record Company L.P.The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Russia accused Ukraine of attempting to assassinate President Vladimir Putin in a late-night drone attack on the Kremlin, and local elections in the UK are a major test for the largest two parties as they prepare for a general election next year. Mentioned in this podcast:Fed implements quarter-point rate rise and signals potential pauseRussia accuses Ukraine of attempting to assassinate Vladimir PutinSunak and Starmer go head to head in battle for local council seatsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 rescue of First Republic this week has failed to stop a sell-off in regional bank shares, Apple experienced a big boost in demand in India driven by a surge in refurbished iPhone sales, and European banks are hoping to scoop up some of Credit Suisse’s business now that the lender has been bought by UBS. Mentioned in this podcast:First Republic rescue fails to arrest slide in US regional bank sharesRefurbished iPhones boost Apple’s share of Indian marketDeutsche Bank plans to beef up investment bank advisory teamIcahn group’s shares tumble after attack by short seller HindenburgThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Chinese initial public offerings have raised more than five times as much money as those in the US this year, and Germany’s lawmakers are set to pass immigration reforms to address a worsening skills shortage. Plus, the FT’s Brooke Masters unpacks the deal for First Republic and what’s in it for JPMorgan.Mentioned in this podcast:China dominates global IPO market as Wall Street fails to reboundJPMorgan to acquire First Republic’s deposits as US regulators step inGermany looks to immigration reform to arrest worsening skills shortageThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.