FT News Briefing

Read a transcript of this episode on FT.comhttps://www.ft.com/content/94500fca-aef3-4ab6-82d5-08005ee49c49UK prime minister Boris Johnson will on Tuesday host crisis talks on Afghanistan with world leaders as Britain presses the US to extend the evacuation timetable amid chaos and deaths at Kabul airport, US cinema owners meeting in Las Vegas this week hope a slate of blockbusters will draw the curtain on Covid slump, and the spread of non-disclosure agreements, or NDA’s, is bad for companies as well as workers. UK prime minister acknowledges China and Russia as crucial to limiting chaos while US hints at extending pullout deadlinehttps://www.ft.com/content/3073164b-43c5-45ec-bda5-f62f7107a747Cinemas hope slate of blockbusters draws the curtain on Covid slump - with Christopher Grimes, Los Angeles correspondenthttps://www.ft.com/content/a44b5c22-0b44-4c34-8f67-5540db152182FEATURE: The NDA Boom is bad for both workers and employers - with Sarah O’Connor, employment columnisthttps://www.ft.com/content/463c917d-c8b5-418d-b8f7-d582747091beFemale board members at FTSE 100 companies paid 40% less than menhttps://www.ft.com/content/96b90579-b7cd-44a8-ba7e-cad6be5c6faaThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/243efeb3-032a-4282-b83a-24f566ea1161The chip shortage hobbling the auto industry has worsened as a wave of coronavirus cases spreads across south-east Asia with three of the world’s largest automakers announcing new disruptions on their assembly lines, Europe remains scarred by the memory of the Syrian refugee crisis and the bloc’s message about Afghan refugees is different, and FT Management Editor Andrew Hill shares highlights from this year’s longlist for the FT & McKinsey Business Book of the Year Award. Chip shortage deepens supply problems at global carmakers - with Tokyo Correspondent Kana Inagaki https://www.ft.com/content/89bd676c-fc10-4a69-9b03-dc50ed3f441dIn Europe, Afghan refugees raise spectre of 2015 asylum crisis - with Berlin Bureau Chief Guy Chazanhttps://www.ft.com/content/15549b1b-81c9-452f-9876-e90dc6c61ce0FT and McKinsey Business Book of the year Longlist - with Management Editor Andrew Hill https://www.ft.com/content/2529e4d9-0ca2-4bec-bc14-8d6626651408 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b1c4e938-b959-4767-aba9-2aedc1f44005The former head of Afghanistan’s central bank has warned that the country is facing “dire” financial prospects and an acute shortage of dollars and higher inflation will fuel the flow of migrants out of the country; the Taliban’s takeover hands China and Russia an opportunity to project their power after Washington’s chaotic withdrawal; and a majority of Federal Reserve officials believe the US central bank could start withdrawing a massive pandemic stimulus programme later this year, according to a record of their latest meeting.Afghanistan faces ‘dire’ financial outlook, warns former central bank chief - with Jonathan Wheatley, emerging markets correspondenthttps://www.ft.com/content/65f61fb1-9462-4e25-990a-702812860b76China and Russia poised to step into the Afghanistan gap - with James Kynge, global China editorhttps://www.ft.com/content/7ceb9e3b-bd6e-43fe-bb86-80353249e6acMost Fed officials reckon stimulus could start winding down this year - with Colby Smith, US economics editorhttps://www.ft.com/content/29be3f70-3f3e-4bfd-b26e-01833337587cUK government intervenes in £2.6bn Ultra Electronics takeover by Cobham https://www.ft.com/content/55b3e146-87cb-469b-a128-5865cb1abe87The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9950c2c0-f75c-4098-aa1f-01e3ffc38644In the Islamist group’s first official press conference since it took Kabul, Taliban spokesperson Zabihullah Mujahid said the militants would not seek revenge against government officials or the Afghan soldiers it has fought for the past two decades, and WhatsApp has shut down a complaints helpline set up by the Taliban after the messaging app came under pressure to block the group from using its services, and the British the aerospace and defence group, Ultra Electronics, is set to become the latest UK engineering specialist to fall into foreign ownership. Islamist group urges citizens to return to daily lives even as government workers report harassment - with Stephanie Findlay, South Asia correspondent https://www.ft.com/content/7f03429a-8d61-43df-9cd8-c9d9e9ba18c8WhatsApp shuts down Taliban helpline in Kabul https://www.ft.com/content/d8e29de8-aebb-4f10-a91e-89d454d4a9f7Cobham agrees to buy rival UK defence group Ultra Electronics for £2.6bn - with Sylvia Pfeifer, industry correspondenthttps://www.ft.com/content/87fe2b9f-a551-49ca-9624-c29f3e5fa9c4BHP to shift main stock market listing from London to Sydneyhttps://www.ft.com/content/47e226aa-315c-48e3-aef3-44f83075dcc3The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/76ae831e-7a74-4429-8bbb-2b947a04cb44Biden made his first comments on Afghanistan and blamed the chaos in Kabul on the country’s deposed leaders, and desperate Afghans overran the airport trying to flee. Pakistan’s international bonds came under selling pressure on Monday as emerging market investors braced themselves for the fallout from the crisis in Afghanistan, and the Taliban has pledged to create an open and inclusive government but most observers expect the swift return of repressive theocratic rule in the country.Pakistan bonds hit as investors brace for Afghanistan fallout - with Tommy Stubbington, capital market correspondenthttps://www.ft.com/content/1f8e5d82-152a-456e-b6c9-4e2fe8b74b68Who are the Taliban 2.0?  - with Stephanie Findlay, South Asia correspondenthttps://www.ft.com/content/25bb6ed9-fdef-451f-a7a7-4a7b9e4ab852The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b1e7f141-e281-4bee-81e3-b11eaf9d767dAfghanistan’s president fled the country as the Taliban advanced on Kabul, and tropical storm Grace headed towards Haiti as rescue workers scrambled to reach people trapped under rubble after a massive earthquake, and as the super-infectious Delta variant spreads around the world many governments are facing the delicate question of how to get hesitant citizens to take the jab.US and allies race to evacuate staff as Taliban reaches Kabulhttps://www.ft.com/content/12dc9ad8-cd90-4378-86f6-64f70f4062ebDeaths mount after powerful earthquake strikes Haiti - with Gideon Longhttps://www.ft.com/content/9f2e5149-4c63-4412-b258-59fd7d40517aHow to reach the unvaccinated: the risks of bribery and coercion - with Clive Cooksonhttps://www.ft.com/content/9955d68a-6bd9-4530-b103-afc034243cb3Salzburg comes alive again to the sound of music https://www.ft.com/content/b01f05aa-86ae-4d09-ba30-0a4074a98ca7The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/80e6939d-d085-499d-ac9d-3ac6386b69c1Airbnb reported strong quarterly earnings and said tourists from places with higher vaccination rates were “driving the travel recovery”, and ​​employees are taking sensitive computer code from their companies at three times the rate they were a year ago. Plus, the FT’s Africa editor David Pilling and McKinsey & Company partner Topsy Kola-Oyeneyin discuss the growth of financial technology start-ups in Africa. Airbnb benefits from ‘travel recovery’ as bookings and revenue growhttps://www.ft.com/content/fd8f8621-cac4-4bff-a082-9a74d1cbec15Disney outpaces streaming rivals as it doubles subscribers in a yearhttps://www.ft.com/content/9b705a6f-35f6-49cf-883b-0581fbf5ab48Workers increasingly steal company data during ‘turnover tsunami, with San Francisco correspondent Hannah Murphy https://www.ft.com/content/a7a2b5c4-1653-4364-84c1-c322c5b56745African start-ups attract international investors — but need local ones too, with Africa editor David Pilling https://www.ft.com/content/566fc2a5-6df4-4145-8157-99d4eb8da4c1The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/baa5d27d-d16c-4f47-9902-abb72f02429dA top Federal Reserve official told the FT that the central bank could dial back its ultra-accommodative monetary stimulus as early as this year, and the White House has called on Opec to boost oil production in an effort to curb high petrol prices. Plus, the FT’s property correspondent, George Hammond, discusses the complicated dilemma of unpaid rent that faces businesses, their landlords, lenders and the UK government. Federal Reserve’s Daly says tapering could start as soon as this yearhttps://www.ft.com/content/e3320366-02f1-453e-ae42-e4af66a17eb0White House calls on Opec to boost production to contain fuel prices, with Washington correspondent, Lauren Fedor https://www.ft.com/content/a8a631cf-de43-47e8-8cc4-99732c39c4daUnpaid rent: the £6.4bn question facing the UK high street, with property correspondent George Hammondhttps://www.ft.com/content/ef6c975b-91f4-4328-8466-70b686f7309dBurger chain Wendy’s to expand into ‘dark kitchens’ after raising forecastshttps://www.ft.com/content/31240e24-32e2-411f-8976-2127d16568c8The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b20cdab3-2e47-4bbe-bbff-39c42459d105The rapid pace of US consumer price increases seen in recent months is set to stall in July near a 13-year high, and SoftBank will cut its investment in Chinese start-ups until the extent of Beijing’s scrutiny of the tech sector becomes clear. Plus, the FT’s private capital correspondent, Kaye Wiggins, has the latest on the battle between private equity group Carlyle and tobacco company Philip Morris International for the British medical inhaler maker, Vectura. Rapid pace of US consumer price increases expected to moderatehttps://www.ft.com/content/8a2ad340-5ecf-4aa5-be35-aa7f528c8b83Carlyle steps back from Vectura bidding war with Philip Morrishttps://www.ft.com/content/9b860f52-ddf7-447b-bd74-c44b25a69da7SoftBank to cut China investments until tech sector calmshttps://www.ft.com/content/8b98db7c-24e9-4aa4-bc42-56338139962eElusive Olympic bounce gives hope to Suga’s leadership rivalshttps://www.ft.com/content/47557c29-2225-4501-81dd-df4b41220725?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/7822a4a7-d31a-40ce-8217-ebbafc4acb09Oil prices continue to slide on investor concerns over the spread of the coronavirus Delta variant, especially in China, and DraftKings buys Golden Nugget Online Gaming for $1.56bn. Plus, the FT’s Washington correspondent, Lauren Fedor, explains how the US Senate is getting closer to approving president Joe Biden’s $1tn infrastructure package. US Senate set to pass $1tn infrastructure package in bipartisan votehttps://www.ft.com/content/67880a94-55c9-468c-a749-35463a08e6c5Oil slides as Delta worries dent outlook for Asia demandhttps://www.ft.com/content/ba4ab9a0-4e89-4979-b794-c7e5593724a6DraftKings buys Golden Nugget Online Gaming in $1.56bn dealhttps://www.ft.com/content/f857e397-adab-4b95-b308-caa59b8d2b49Cryptocurrency exchanges target sport sponsorshipshttps://www.ft.com/content/a93e9ad5-31d6-4048-9ca8-2f38cc6c43f4?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/65fa9d74-d971-4536-a411-c06d86d8de64FT calculations of 20 Chinese billionaires show that their net worth has dropped by about $80bn since late June, ByteDance, the owner of short-video app TikTok, has revived a plan to go public, and Industry bosses are predicting a worldwide construction “supercycle” set to fuel demand for building materials. Plus, the FT’s climate reporter Camilla Hodgson explains how scientists are trying to link natural disasters to global warming. Tech crackdown erases $80bn from the wealth of China’s top tycoonshttps://www.ft.com/content/7e6f9a08-37be-4ab3-ae15-953533ab33b5China’s ByteDance aims for Hong Kong IPO despite tech crackdownhttps://www.ft.com/content/bacca56f-1da5-4721-90bf-a61383ab7eecConstruction ‘supercycle’ predicted on wave of government spendinghttps://www.ft.com/content/41574f1e-58ae-4b17-a1ea-991a46d70932?Fires and floods: can science link extreme weather to climate change?https://www.ft.com/content/fe4e658e-0473-4f98-b995-4606aefa90bcThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/0e09d7d2-95d7-4fa1-80ff-9ff466f3cf6aApple intends to install software on US iPhones to scan for child abuse imagery, and president Joe Biden signed an executive order on Thursday calling for half of all new vehicles sold in the US to be electric by 2030. Plus, the FT’s markets editor Katie Martin explains how Robinhood’s stock price has rebounded after its IPO fell flat last week. Apple plans to scan US iPhones for child abuse imagery, with European technology correspondent Madhumita Murgiahttps://www.ft.com/content/14440f81-d405-452f-97e2-a81458f5411f?Biden sets electric vehicle target in drive to cut emissionshttps://www.ft.com/content/7fbc2d70-5365-4d3b-97ec-cea2756de28d?Robinhood soars after retail traders flock to shares, with markets editor Katie Martinhttps://www.ft.com/content/a9017fe2-e24a-4224-b2fa-320be47853b7China’s education clampdown threatens to aggravate youth unemploymenthttps://www.ft.com/content/d2a6fab8-2cf7-49f4-9027-ee18a064715f?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/c6ee7948-06e7-4f4c-8940-2f83d85bdf4dThe value of the world’s stock of negative-yielding debt has ballooned to more than $16.5tn, SoftBank’s second Vision Fund plans to invest $100m in a new fund started by one of its former top partners, and US food delivery group DoorDash is preparing to make its first investment in Europe. Plus, the FT’s global China editor, James Kynge explains why younger Chinese people are opting out of stressful jobs. Bond rally pushes global stock of negative-yielding debt above $16tnhttps://www.ft.com/content/43280fe3-b6cd-44e1-bb75-25b0962b5ba1?SoftBank to invest $100m in former partner’s fund with Miles Kruppa, venture capital correspondenthttps://www.ft.com/content/684613f0-b2cc-42e9-817a-204a80dd048fDoorDash in talks to invest in German grocery app Gorillashttps://www.ft.com/content/9cccd541-0a44-4002-af6e-35fe7ef46445China’s young ‘lie flat’ instead of accepting stress with James Kynge, global China editorhttps://www.ft.com/content/ea13fed5-5994-4b82-9001-980d1f1ecc48The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9221dcf1-ef98-4474-9d9f-226f08843bbfSpain has called on the EU to back measures to limit surging electricity prices and athletes from Russia are enjoying success at the Olympics despite a ban on the country. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why PepsiCo has sold off its big-name juice brands to a private equity firm. Russia wins at Tokyo 2020 despite ban over doping programmehttps://www.ft.com/content/31643c45-cf35-43e0-a0d4-1c2d40e49401Spain urges EU to act against soaring energy priceshttps://www.ft.com/content/7cf9a7c1-a103-4923-bb5b-bad93d32ca39PepsiCo to sell Tropicana and Naked Juice brands to private equity firm for $3.3bnhttps://www.ft.com/content/859b3fc6-0942-48a9-8a7d-a0ca0ff4cc70Year after Beirut port blast families of victims push for truthhttps://www.ft.com/content/6a049e18-6a5c-40ee-b6ae-cef6ae95a317?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/219d15f1-b6fa-471c-b0ed-2a2c4163f757Forests in the US that generate the carbon offsets bought by companies including BP and Microsoft are on fire; Goldman Sachs looks to scale back its asset management business; and the International Monetary Fund has issued a warning over using cryptocurrency as legal tender. Plus, the FT’s Philip Georgiadis explains whether the airline industry’s resurgence is here to stay. Carbon offsets going up in smoke as company-linked forests burn with climate reporter, Camilla Hodgsonhttps://www.ft.com/content/3f89c759-eb9a-4dfb-b768-d4af1ec5aa23?Goldman mints billions through investments it is looking to shrinkhttps://www.ft.com/content/9fb175d7-fcf2-4d82-be0a-62ec49b6ab27IMF warns on crypto as national currency ahead of El Salvador launchhttps://www.ft.com/content/c36c45d2-1100-4756-a752-07a217b2bde0?Clouds lift as confidence returns to battered airline industry with acting transport correspondent, Philip Georgiadishttps://www.ft.com/content/9214f0a8-cc60-4511-be5d-4362462e1896The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/97741491-f1aa-4107-a84d-ebd874b1259dHouse prices are increasing in almost every major economy in the wake of the pandemic, and the success of skateboarding in the Tokyo Olympics could have a real influence on Japan’s culture. Plus, the FT’s commodities correspondent, Emiko Terazono, explains how changing temperatures across the globe are shifting the seasons and the crops that farmers can grow. Pandemic fuels broadest global house price boom in two decadeshttps://www.ft.com/content/491a245d-4af7-4cad-b860-6ba51b86b45f?What growing avocados in Sicily tells us about climate change and the future of food, with commodities correspondent, Emiko Terazono. https://www.ft.com/content/977fac14-49e0-4497-a435-6581e5792201Olympics skateboard success sets up fight for sport’s future in Japan, with Asia business editor Leo Lewishttps://www.ft.com/content/d62e6d01-5181-4075-a171-25b542ab818fThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Amazon shares slumped in after-hours trading after the ecommerce giant missed Wall Street’s revenue targets, Robinhood shares stumbled out of the gate on Thursday, and China’s securities regulator has sought to ease concerns among international investors and banks. Plus, the FT’s labor and equality correspondent, Taylor Nicole Rogers, explains how some teenagers gained the upper hand in a hot US summer jobs marketAmazon’s online sales growth slows as lockdowns ease, with San Francisco correspondent, Dave Lee https://www.ft.com/content/fbc5d16e-2917-4048-a9b4-0f3cc0d6da2eBeijing seeks to ease fears on Wall Street after tech crackdown, with markets editor, Katie Martin https://www.ft.com/content/d3d30930-b098-40f0-a628-448c0b532b6dRobinhood shares slide in debut as investors give broker cold shoulderhttps://www.ft.com/content/ff5131d0-1332-4242-96b4-21d59cff9ba6Teens gain the upper hand in hot US summer jobs market, with labour and equality correspondent Taylor Nicole Rogers https://www.ft.com/content/ee8db328-b690-4aa6-8562-e94cedbcdb2fThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve signalled it was moving closer to the moment when it will withdraw its support for the US economic recovery by tapering the central bank’s asset purchases, and the international lawyer Philippe Sands explains why he wants to create an international definition for the crime of ecocide. Plus, the FT’s Stephanie Findlay explains why Indian tech companies are going through an IPO boom. The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. Fed signals taper decision closer as ‘progress’ made on economyhttps://www.ft.com/content/6b5992d3-967e-4a63-b159-a398654d6199The Rachman Review podcasthttps://www.ft.com/rachman-reviewIndia tech IPO boom to provide crucial test of investor appetitehttps://www.ft.com/content/f6b35707-e7c5-4d30-8d11-5b8146183ca5?Tesla co-founder’s battery recycling start-up raises $700mhttps://www.ft.com/content/771498b8-9457-462f-aee0-e32db14eea49? Hosted on Acast. See acast.com/privacy for more information.

Apple’s profit nearly doubled in the latest quarter as iPhone sales surged, and a former oil trader at Glencore has pleaded guilty in the US over his part in a scheme to bribe government officials in Nigeria. Plus, the FT’s US investment editor, Michael Mackenzie, explains why China’s crackdown is burning investors. Tech blowout: Apple profit nearly doubles as iPhone sales surgehttps://www.ft.com/content/18cfeb9a-8596-4d23-badd-df9a62d510abFormer Glencore trader pleads guilty to role in Nigeria bribery scheme, with natural resources editor Neil Humehttps://www.ft.com/content/392b610f-43c6-4496-bb16-977e1f31f015?Beijing’s threat to VIEs triggers Wall St panic over Chinese stocks, with US investment editor Michael Mackenzie https://www.ft.com/content/38ba7bb9-9a7e-4817-80cf-324bc9a4527b?US law firms up ante on bonuses in war to win staffhttps://www.ft.com/content/046d42d1-ec0b-4649-af6a-592430b5668c?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

The UK government will consider loosening travel restrictions for travellers from the EU and the US, Intel will change the way it names its most advanced technology and Japanese athletes are raking in the golds at the Tokyo Olympics. Plus, Ian Smith, the FT’s insurance correspondent, explains how pressure from the US Department of Justice caused the $30bn merger between Aon and Willis Towers Watson to collapse. UK to consider relaxing travel restrictions from EU and UShttps://www.ft.com/content/8f7b59c7-89b5-4ca5-a0a4-7f1355fab3e0?Intel to drop names based on transistor size for advanced chip tech with west coast editor Richard Watershttps://www.ft.com/content/1afe75ed-7867-447d-abb8-6eea3598b029Aon’s $30bn acquisition of Willis Towers Watson collapses, with insurance correspondent Ian Smith https://www.ft.com/content/a6471af0-764d-49e7-87a0-dd2a2c110fd9Tokyo Olympics Alternative medals table, with Asia business editor Leo Lewishttps://ig.ft.com/tokyo-olympics-alternative-medal-table/The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

The international community is responding to the military’s protest crackdown in a variety of ways, and a look at why Nasdaq is separating its existing marketplace for private company shares into a new unit. Plus, the FT’s markets editor, Katie Martin, talks about the performance of the FT’s annual stock picking contest, thus far. US places sanctions on head of Cuban military over protest crackdownhttps://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306Nasdaq: private market exchange is the next frontier, with US Lex editor Sujeet Indap https://www.ft.com/content/630ac956-c521-4973-9d14-b707fe16c5a3?FT stockpicking contest: winners and losers at the half way mark, with markets editor Katie Martin https://www.ft.com/content/1625ef6f-83d5-4a0d-8bbf-7a61b06a963b?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

As a News Briefing special we present Tech Tonic episode 3, our FT audio deep dive into how AI is gaining a new edge in markets. If you enjoyed this episode, click here to subscribe to Tech Tonic.From picking the best stocks to listening in on earnings calls, AI-powered systems are changing finance. But how big are the rewards, really? And what are the risks? In this episode Robin Wigglesworth tells us how AI has been used in investing, what happens when programs must adapt to new risks and what the robots could learn from watching children play. Hosted by John Thornhill, innovation editor at the Financial Times, and featuring Luke Ellis (chief executive of Man Group), Ewan Kirk (founder of Cantab Capital Partners and chairman of Deeptech Labs), Andrew Ng (founder of DeepLearning.AI and co-founder of Google Brain), and Alison Gopnik (professor of psychology and affiliate professor of philosophy at the University of California, Berkeley).Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Breen Turner. Cheryl Brumley is the executive producer for this series. Original scoring composed by Metaphor Music. Review clips: Alphabet, Netflix, Amazon, Man Group. Hosted on Acast. See acast.com/privacy for more information.

Washington and Berlin have reached a deal to resolve their longstanding dispute over the Nord Stream 2 pipeline, and Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul Northern Ireland trade rules. Plus, rising housing expenses are quickly emerging as a pivotal indicator for officials at the Federal Reserve, within the Biden administration and among private economists.EU rejects British plan to rip up Brexit deal with George Parker, political editorhttps://www.ft.com/content/13ad8840-a83c-4871-a877-47b7001d839bUS and Germany reach truce over Nord Stream 2 pipeline with Aime Williams, US trade correspondent  https://www.ft.com/content/49210a4e-17ed-4a2e-a986-4efcadc7f342US housing inflation: the sleeping giant that might tip the Fed’s hand with James Politi, Washington bureau chiefhttps://www.ft.com/content/efdf1845-6138-4af7-8d2b-c20df9fed218The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Netflix gained 1.5m subscribers in the second quarter but lost 430,000 subscribers in the US and Canada, and UBS has launched a portfolio that invests solely in women-led hedge funds. Plus, the FT’s metals and mining correspondent, Henry Sanderson, talks about how the London Metals Exchange and the US-based CME Group are vying to capture rapid growth in demand for commodities tied to the electric car industry with new lithium futures contracts.Netflix bleeds subscribers in US and Canada with no sign of recovery with Tim Bradshaw, global tech correspondenthttps://www.ft.com/content/97ccbdab-6547-4d1b-bb3f-f251931901c2UBS launches portfolio to invest in women-led hedge fundshttps://www.ft.com/content/dab5a2b3-c083-411b-b2d1-969d6bcf862bLME launches lithium contract as CME rivalry intensifies with Henry Sanderson, metal and mining correspondenthttps://www.ft.com/content/5ff0aaa5-a501-42a5-85f4-76537cd6c990French app Yuka brings people power to the supermarket aislehttps://www.ft.com/content/850d9f5c-b4ab-42d5-a53d-d25b3ae99c77The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Fears over the coronavirus on Monday contributed to European stocks’ worst session of 2021 Description: The threat of the Delta coronavirus variant hit global equity markets on Monday, and the online brokerage Robinhood is seeking a valuation of up to $35bn in its upcoming initial public offering. Plus, the FT’s South China correspondent Primrose Riordan reports that American companies are upset by the Biden Administration’s business advisory warning about the risks of operating in Hong Kong. Global markets shaken by fears over Delta variant with Mamta Badkar, US breaking news editorhttps://www.ft.com/content/5b2248be-8f0e-4235-ba2e-2187c96f16a6Robinhood seeks valuation of up to $35bn in IPO with Madison Darbyshire, US investment reporter https://www.ft.com/content/ae0c41a2-0f68-4331-984a-3fd9cf8b6fc2Companies in Hong Kong fear being crushed between China and US with Primrose Riordan, south China correspondenthttps://www.ft.com/content/0d56006e-2820-40b6-9643-4180146ea45f?The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Opec and its allies have reached a deal to raise oil production in response to soaring prices, and China just launched the world’s largest carbon trading market. Plus, the FT’s global health editor, Sarah Neville, reports on scientists’ pursuit of a “supershot” vaccine to protect against all coronaviruses.Opec+ reaches deal to raise oil productionhttps://www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7China’s carbon market scheme too limited, say analysts, with Beijing correspondent, Christian Shepherd https://www.ft.com/content/3bcc2380-8544-4146-ba71-83944caff48dThe hunt for a coronavirus super shot, with global health editor, Sarah Nevillehttps://www.ft.com/content/7e96fa85-2392-467c-8960-0c9444180030The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

US retail banks cut their branch networks and trimmed headcount in the first half of the year, and Brussels' historic attempt to tackle climate change faces a wall of opposition from governments in the bloc. Plus, the FT’s business columnist, PIlita Clark, talks about her favourite summer reads about the environment. US banks close more than 250 branches in bet on digital future with Imani Moise, US banking correspondent https://www.ft.com/content/26764d8b-9c5f-420a-901c-eaed97dda412EU climate change plans on collision course over rising cost of emissionshttps://www.ft.com/content/883a676c-7370-4e42-9b3a-dcf7e898e7bd?Summer books of 2021: Environment, with Pilita Clark, business columnist https://www.ft.com/content/27aa0926-6894-4102-89dc-e006e226cd0dManchester City’s parent company raises $650m in one of football’s biggest ever debt dealshttps://www.ft.com/content/c8cdc3f6-b7b9-45a9-8a87-f6e7bb5af92aThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into chaos, and British artist Damien Hirst yesterday launched his NFT-based project, entitled “The Currency”, that calls into question notions of worth and value and presents his buyers with a choice.Jay Powell says Fed ready to intervene if US inflation spirals out of controlhttps://www.ft.com/content/37d57052-c2a5-4a44-8b27-9d205a2a1c50Haiti’s ‘descent into hell’ looms closer after death of president with Michael Stott, Latin America Editorhttps://www.ft.com/content/81b683b8-b352-4ea6-9ce1-e0ed280245e1Damien Hirst launches his own NFT ‘Currency’ by Jan Dalley, Arts Editorhttps://www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fdThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Visa and Mastercard have left open key gateways between Binance and the financial system despite rising regulatory scrutiny of the cryptocurrency, the pace of US consumer price increases accelerated unexpectedly in June. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors might be interested in an “everything index” and how close we are to getting one. Visa and Mastercard stick with Binance as regulatory scrutiny rises https://www.ft.com/content/8f2e2528-e289-4233-ba29-1bebf3b1dbdcSticker shock: what is driving US inflation higher? With Colby Smith, US economics editorhttps://www.ft.com/content/aadaa577-b286-443f-b173-256dfc4af6a5The quest for the investment Holy Grail — an index of everything with Robin Wigglesworth, global finance correspondenthttps://www.ft.com/content/9a9056e1-b35e-4ea7-b9f7-7668c07469edVanguard makes first acquisition with Just Invest dealhttps://www.ft.com/content/fdcdeb98-d3d8-4f95-aa5a-32fb54daea53The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this week when they report second-quarter earnings, flattered by smaller-than-expected credit losses during the pandemic. Plus, Martin Arnold, the FT’s Frankfurt bureau chief, interviewed Christine Lagarde, European Central Bank president, about the bank’s plans to prioritise climate change in its policy decisions. Greensill Capital paid Cameron salary of more than $1m a yearhttps://www.ft.com/content/536867f4-2dd3-42a1-9b29-54ed92693635?US banks enter earnings season with eyes on loan growth, with Imani Moise, US Banking Correspondenthttps://www.ft.com/content/8738c327-ceab-4d00-8c24-fbc44c81a0c4ECB faces row over how to implement new strategy, Lagarde warns, with Martin Arnold, Frankfurt Bureau Chief  https://www.ft.com/content/11e953df-536b-43aa-9c21-65b8dd79c797Jump in coffee bean prices set to filter through to your morning brewhttps://www.ft.com/content/d4146bb5-896b-4f1f-b5f8-930cb2bfb729The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

The rapid spread of the Delta coronavirus variant is causing concern about Europe’s economic recovery, and the number of start-ups valued above $1bn grew rapidly in the second quarter. Plus, the FT’s EU correspondent, Javier Espinoza, interviews the influential European Union lawmaker who is steering the EU’s flagship tech regulation through Parliament and wants to target the top US tech companies. Delta variant surge casts doubt over Europe’s economic reboundhttps://www.ft.com/content/1f9c18cf-706c-4d9c-9764-d3c088bdc1a2EU should focus on top 5 tech companies, says leading MEP, by Javier Espinoza https://www.ft.com/content/49f3d7f2-30d5-4336-87ad-eea0ee0ecc7bBillion dollar ‘unicorns’ hit record numbers as valuations surge, by Miles Kruppa https://www.ft.com/content/ccfc6bbd-56b6-4cef-b89d-4f88ceb7b126Richard Branson touches the edge of spacehttps://www.ft.com/content/bf3130f4-5f62-4f9d-941a-d1db98dc0233? Hosted on Acast. See acast.com/privacy for more information.

The UK’s advertising watchdog says it will clamp down on misleading marketing for crypto investments, and stock markets dropped on Thursday on rising concerns about prospects for the global economy. Plus, the FT’s chief economics commentator, Martin Wolf, picks his top economics summer reads. UK advertising watchdog to crack down on misleading crypto marketinghttps://www.ft.com/content/19ad9810-402d-4529-89b5-732521829548?Markets enjoy blessed relief now the heavy storms have passed with Katie Martin, Markets Editorhttps://www.ft.com/content/80717968-7714-4ed8-b73b-029f9b1e9590Treasuries rally and stocks drop on rising economic concernshttps://www.ft.com/content/e549f4b1-f2f8-4213-8f04-679f89286c31Summer books of 2021: Economics with Martin Wolf, Chief Economics Commentatorhttps://www.ft.com/content/239f31cb-57a3-43d3-ab3d-d18d068f4994Japan bans spectators at Olympics events in and around Tokyohttps://www.ft.com/content/af205e68-51e3-4165-b211-d22f9c3c86c8The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

Former president Donald Trump is suing Facebook, Twitter and Google’s YouTube, as well as their respective chief executives, in lawsuits alleging “unlawful censorship” of Americans, the new Delta variant of coronavirus is driving up infection rates in countries across the globe, and South Africa’s president has been arrested. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why private equity firms have been targeting UK companies and how the British public is reacting.  Trump sues Facebook, YouTube and Twitter over ‘censorship’https://www.ft.com/content/86c98f3b-7d25-42b9-abf6-68b4b0839c66Delta variant drives Spain’s Covid-19 rate to highest in mainland Europehttps://www.ft.com/content/06334a7b-30cc-40bf-942b-e3bcd2efb305LGIM warns against private equity buying Morrisons for ‘wrong reasons’https://www.ft.com/content/9d1a6019-6571-478c-8b1f-f267bb582f0dThe Rachman Review podcast: South Africa’s pivotal momenthttps://www.ft.com/rachman-review Hosted on Acast. See acast.com/privacy for more information.

Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO, the Opec impasse highlights growing tensions between Saudi Arabia and the United Arab Emirates, the Pentagon cancels a highly sensitive $10bn cloud contract awarded to Microsoft, and a new report that says Viktor Orban’s government is failing to ensure the transparent use of EU funds and their independent oversight, which will embolden calls to withhold payments to Hungary.Didi caught as China and US battle over datahttps://www.ft.com/content/00403ae5-7565-413e-907d-ad46549375baPentagon cancels $10bn cloud contract awarded to Microsofthttps://www.ft.com/content/7ac0e691-665f-4328-8b29-ee4883068e80Opec impasse sees UAE ‘flexing its muscles’ against Saudi Arabiahttps://www.ft.com/content/baca384d-c477-4a8b-bdcd-b174317af387Orban government not ‘reliable steward’ of EU funds, report sayshttps://www.ft.com/content/4d79583c-f5a1-40be-93dc-cae27e6c713f? Hosted on Acast. See acast.com/privacy for more information.

KKR is expanding its operations to target more takeovers in the UK, ransomware hackers hit more than 1,000 companies in what appears to be one of the largest supply chain attacks to date, and oil prices jumped to the highest level in three years on Monday after oil producers abandoned a decision over increasing oil production. Plus, the FT’s deputy Beijing bureau chief looks at why Chinese regulators are going after Chinese tech companies that recently listed in the US. KKR steps up pursuit of UK companies amid buyout frenzyhttps://www.ft.com/content/e5cc18cf-081d-4b68-b469-ca77935a615e?Oil hits three-year high after Opec+ abandons meetinghttps://www.ft.com/content/c9746fbc-7a90-4c9a-9a52-30b44475aa9aRussia-linked hackers target IT supply chain with ransomwarehttps://www.ft.com/content/a8e7c9a2-5819-424f-b087-c6f2e8f0c7a1China targets more tech groups after Didi crackdownhttps://www.ft.com/content/771f6d40-ecd2-4855-8193-d0550f1d2e3dClubhouse discussion on Jeff Bezos’s departure from Amazonhttps://www.clubhouse.com/event/PrDXYYvL Hosted on Acast. See acast.com/privacy for more information.

As a News Briefing special we present Tech Tonic, our FT audio deep dive into the promises and perils of artificial intelligence.  If you enjoyed this episode, click here to subscribe to Tech Tonic. Tech Tonic S2 E2: Trust me, I’m a robotWhat does it mean for AI to augment human perception? In this episode the FT’s Madhumita Murgia takes us to a small village in rural India where AI is being used to help doctors better diagnose tuberculosis and looks at a healthcare system where it is helping patients who doctors may have overlooked.Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Sean McGarrity. Cheryl Brumley is the executive producer for this series. You heard the song Down in the Coalmine by The Ian Campbell Folk Group, as well as original scoring composed by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

The world’s leading economies have signed up to a plan that looks to force multinational companies to pay a global minimum corporate tax rate of 15 per cent, economists believe that the Federal Reserve will raise interest rates by the end of 20-23, and Robinhood is targeting a valuation of $40bn or more ahead of its public offering. Plus, the FT’s Nicolle Liu explains what the closure of the Apple Daily newspaper means for the media landscape in Hong Kong. World’s leading economies agree global minimum corporate tax ratehttps://www.ft.com/content/d0311794-abcf-4a2a-a8a4-bcabfc4f71faRobinhood targets $40bn valuation ahead of IPOhttps://www.ft.com/content/7421d913-0f77-4458-9032-59ba32c846f1?Economists predict at least two US interest rate rises by end of 2023https://www.ft.com/content/de778e1b-3876-4999-942e-186c2a692a1aApple Daily’s death leaves a shadow over free press in Hong Konghttps://www.ft.com/content/c7aa2919-dce1-4196-8d4a-ad9f57c59c4e Hosted on Acast. See acast.com/privacy for more information.

Private equity firms have broken a 40-year record with $500bn in deals that helped to propel global mergers and acquisitions activity to an all-time high, and the dominant Chinese ride-hailing company, Didi Chuxing, became the largest Chinese company since Alibaba to list in the US, and nightmarish fears of traffic jams and clogged ports after Brexit never materialised thanks to several factors.  Private equity breaks 40-year record with $500bn dealshttps://www.ft.com/content/cd9571a3-726c-4995-9954-23a8dcf12b19?Didi shares rise on New York trading debut https://www.ft.com/content/dd7ea7fa-96c4-420c-94be-5730a284cc04How Britain’s Channel ports avoided Brexit meltdownhttps://www.ft.com/content/1001c054-0cf9-4f30-a62a-c9ac91e58223Tim Berners-Lee’s web NFT sells for $5.4m https://www.ft.com/content/0e45c25b-f66b-44d1-b662-0e7b095664f9 Hosted on Acast. See acast.com/privacy for more information.

Today the UK will set out a plan for a simpler, more “nimble” post-Brexit system of state subsidies, and the Japanese conglomerate Hitachi is anticipating a wave of infrastructure spending as it bets on the US market to drive its next phase of growth. Plus, the FT’s private capital correspondent, Kaye Wiggins, investigates the low-profile investors behind the £6.8bn buyout of UK supermarket chain Asda.UK unveils post-Brexit state aid scheme to support industryhttps://www.ft.com/content/4206d16f-772f-4257-bdca-ca19ca049402Hitachi targets strong US growth under Biden’s infrastructure planhttps://www.ft.com/content/e9a43c04-7d89-4f71-a77a-060cc12930ccInside the secretive private equity firm behind the £6.8bn Asda buyouthttps://www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907Zaoui brothers join Europe’s emerging Spac movementhttps://www.ft.com/content/ae2a02ae-2af7-4a61-9c40-cf41927c3b3a? Hosted on Acast. See acast.com/privacy for more information.

A US judge has dismissed two antitrust lawsuits against Facebook, investors are reassessing their conviction in the reflation trade that has captivated Wall Street this year after a hawkish tilt by the US central bank inflicted losses on some fund managers, Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems. Plus, the FT’s Berlin bureau chief, Guy Chazan, spoke with Armin Laschet, leader of the CDU and frontrunner to replace Angela Merkel, about his plans for Germany’s economy and relations with China. US judge dismisses antitrust lawsuits against Facebookhttps://www.ft.com/content/bedb65dd-53c9-4e31-b3d7-c85a40fdb104Reflation trade unwind wrongfoots several big-name hedge fundshttps://www.ft.com/content/4fc62da9-da68-4d1f-a2aa-c8a575d11920?Binance customers frozen out of withdrawals through key UK payments networkhttps://www.ft.com/content/2d427ed7-f9e4-46cf-a4c4-46429b19df5d?FT interview: Armin Laschet on Merkel, the Greens and fiscal ruleshttps://www.ft.com/content/e3c3e517-2c5b-49d6-a566-0f6bd896f8feOlaf Scholz treads fine line on German thrift versus pandemic spendinghttps://www.ft.com/content/1d6d8876-2b21-4550-ba85-443d5c20919b? Hosted on Acast. See acast.com/privacy for more information.

The UK’s financial watchdog has ordered crypto exchange Binance to stop all regulated activities in Britain, and Denmark’s media industry is pioneering a new bargaining tactic to try and make Google and Facebook pay for news. Plus, the FT’s Andrew Edgecliffe-Johnson reports that some US companies blame Amazon’s aggressive hiring practices for the current labor shortage. Financial watchdog bans crypto exchange Binance from UKhttps://www.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87Danish media club together to make US tech giants pay for newshttps://www.ft.com/content/c83d6b7f-ed19-4a90-a719-3bf4aedccdff?Amazon effect’ sets the tone for US workers’ remunerationhttps://www.ft.com/content/9e8b9727-7955-44c4-955a-73375a7a20efUBS to let most staff mix working from home and office permanentlyhttps://www.ft.com/content/1601e314-6d6d-4014-94df-f2858ee64e8e? Hosted on Acast. See acast.com/privacy for more information.

US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping regulatory crackdown. Biden agrees slimmed-down $1tn infrastructure deal with senatorshttps://www.ft.com/content/b262ed46-152d-42bd-9a6d-b70d679bb282?Fed gives passing grade to biggest US banks in stress tests https://wwwk.ft.com/content/78f53986-fefa-4208-b4ea-674052a9ca3fBitcoin sinks below $30,000 for first time since January:https://www.ft.com/content/a53a6342-f1e3-4cfe-aab0-642434da428cAndreessen Horowitz increases crypto bets with new $2.2bn fundhttps://www.ft.com/content/36413e3e-7915-45c7-b4ce-ccbeac972c94? Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/eb36b605-47d9-465a-91f8-d47a4af45faeTech groups in Taiwan are accused of locking up migrant workers as coronavirus hits the sector, and the rapid rise in prices for raw materials has reversed a decades-long decline in the cost of solar energy. Plus, our global finance correspondent, Robin Wigglesworth, explains how financial memefication is evolving from a niche corner to grow deep roots in stock marketsTech groups in Taiwan accused of locking up migrant workershttps://www.ft.com/content/4269650e-7660-4b80-b294-f81b4368784cSolar power investors burnt by rise in raw materials costshttps://www.ft.com/content/2f8dd951-a1b1-410a-89dd-14728c56235dHow meme lords fuelled a boom in the ‘stonk market’https://www.ft.com/content/e3304649-7348-424e-b354-e8da1c819364 Hosted on Acast. See acast.com/privacy for more information.

House prices have set records in the US and parts of Europe, and the artificial intelligence-based drug-discovery platform Insilico has raised more than $255m from investors. Plus, the deputy head of the FT’s Lex column, Elaine Moore, explains why Instagram is struggling to stay relevant in today's social media landscape. House prices climb to record levels in US and Europehttps://www.ft.com/content/3082fe00-cdb7-4eb9-ab2d-2309b9848114AI drug discovery start-up Insilico raises more than $255m https://www.ft.com/content/704ced9a-dffd-49a1-a58f-46fc6dca0cd2Too many influencers, not enough eyeballs: will boredom kill Instagram? https://www.ft.com/content/9c00219a-229a-4b82-a7c3-63000b558053More than 5m people become millionaires despite pandemic https://www.ft.com/content/86b99144-ba71-441d-b297-ddcdc94ea7f2? Hosted on Acast. See acast.com/privacy for more information.

The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association. US medicines watchdog accused of cozy ties with Big Pharmahttps://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12?Covid outbreak at Chinese port exacerbates global supply chain delayshttps://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c?Olympic venues to cap number of spectators at 10,000https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718aStudent athletes win US Supreme Court showdown against NCAAhttps://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49? Hosted on Acast. See acast.com/privacy for more information.

Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence. Reflation trades pummelled as Fed shift resets marketshttps://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9fDigital euro will protect consumer privacy, ECB executive pledgeshttps://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2?Tech Tonic Season 2https://www.ft.com/tech-tonicToday's Clubhouse discussion on artificial intelligence https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M Hosted on Acast. See acast.com/privacy for more information.

The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday. Bond spreads collapse as investors rush into risky corporate debthttps://wwww.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410?Hong Kong-Taiwan spat threatens cross-Strait businesshttps://www.ft.com/content/7e3845c2-7fc7-4199-8fc2-8c7cc66111abCompanies’ embrace of Juneteenth holiday rings hollow to somehttps://www.ft.com/content/512973a1-0adf-4f6b-91f5-e2fc33a6bb3eRonaldo’s Coke moment signals shifting balance of power in sporthttps://www.ft.com/content/e11ec659-d386-47f5-b284-c6951fa45870 Hosted on Acast. See acast.com/privacy for more information.

Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement. Fed signals first rate rise will come in 2023https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3Big Tech critic Lina Khan to lead US competition regulatorhttps://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededdToshiba board’s chair rebuffs calls to quit over governance scandalhttps://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77Podcaster turned tech investor raises $140m fundhttps://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041? Hosted on Acast. See acast.com/privacy for more information.

The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art. Tokyo Olympics will need bailout if games go ahead without spectatorshttps://www.ft.com/3cd58c64-039e-4147-a744-af676de1691d?Airbus/Boeing deal explained: what is in it and what happens nexthttps://www.ft.com/content/1e04dfe1-9651-4b9e-90d9-fdbd82b45253Web inventor Berners-Lee to auction original code as NFThttps://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc? Hosted on Acast. See acast.com/privacy for more information.

The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin. UK and Norway complete world’s longest subsea electricity cable https://www.ft.com/content/399c1c37-3f7a-4770-af13-66741df01135?Fed to discuss slowing stimulus as recovery strengthenhttps://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127Nato warns China’s military ambitions threaten international orderhttps://www.ft.com/content/f454033a-9975-4efd-92eb-9cf63306af7f?Biden, Putin and the new era of information warfarehttps://www.ft.com/content/51fc3b07-78a5-4461-823c-c9d22baeb063?Morgan Stanley chief urges employees to return to office https://www.ft.com/content/ffd6033f-e8fc-4289-85b2-42bc4ddddd16? Hosted on Acast. See acast.com/privacy for more information.