FT News Briefing

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.

Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change. Plus, the FT’s global China editor, James Kynge, reports on how China’s smart city surveillance technology is being used around the world, and the growing backlash. End of era in Israel as Netanyahu is oustedhttps://www.ft.com/content/f0824e22-2e42-4d80-b0fa-574c6b12b9ddG7 set to agree ‘green belt and road’ plan to counter China’s influencehttps://www.ft.com/content/f33b43e6-0cea-486b-a3cf-628a31c09693Exporting Chinese surveillance: the security risks of ‘smart cities’https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadabKorean shippers to raise billions of dollars as global trade reboundshttps://www.ft.com/content/eab4b7b5-7590-477f-bd7e-e919501a54b4 Hosted on Acast. See acast.com/privacy for more information.

Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buyer.G7 leaders to pledge to donate 1bn Covid 19 doses to poorer countrieshttps://www.ft.com/content/000e6968-8ae4-4f00-9cb5-324b98aa779bUS bond rally eases pressure on emerging market hedge fundshttps://www.ft.com/content/c1058fd7-47cf-4bcc-9d8c-d5bf8887c715Global banking regulator urges toughest capital rules for cryptohttps://www.ft.com/content/3fe7be31-179a-47dd-9a61-8f4ea42b9c62?Selfridges up for sale with £4bn price taghttps://www.ft.com/content/134c756c-e220-44ec-a82c-afc0099bf9b1 Hosted on Acast. See acast.com/privacy for more information.

Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers. Will hot US inflation data unsettle markets?https://www.ft.com/content/7377a5d6-73e8-442e-96e8-ea2535286c08Joe Biden rallies allies to take tougher stance on Chinahttps://www.ft.com/content/203d664a-c834-48d7-805d-c49d44aa2a9aJapanese sponsors think twice about being associated with Tokyo Olympicshttps://www.ft.com/content/2e8b9ce5-95e0-4114-884b-f05de926ccdeRetail trading frenzy reflects ‘broken’ US equity markets, says XTX’s Gerkohttps://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1Sign up for today’s Future of News event here: https://futurenews.live.ft.com/ Hosted on Acast. See acast.com/privacy for more information.

Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted communications platform secretly run by the FBI. Cloud glitch brings down thousands of websitesft.com/content/0d5b9430-750b-44b7-b238-6e2160c3c591Hundreds arrested worldwide in Trojan Shield organised crime stinghttps://www.ft.com/content/47c271c1-0be3-4a5c-9ca6-b231ed0f7fef?Indian tycoons surpass Chinese tech moguls in global rich listhttps://www.ft.com/content/2026fa04-fc22-4e20-ad0e-3d76a1ddf028? Hosted on Acast. See acast.com/privacy for more information.

US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture. US says it has recovered majority of Colonial pipeline ransomhttps://www.ft.com/content/43dab2dc-a7aa-4102-9779-d1b6ced2985bAlzheimer’s drug from Biogen wins US approvalhttps://www.ft.com/content/6f48610b-ec86-4deb-a89c-fc0a0f332bb0Mexico’s president loses congressional supermajority in electionshttps://www.ft.com/content/36e737a9-ae48-4ff8-8e6c-88f54344b372Abu Dhabi plans $6bn culture spend to diversify from oilhttps://www.ft.com/content/c0ae0344-280b-40f0-a67f-7edc24033caf?Jeff Bezos to go to space after stepping down at Amazonhttps://www.ft.com/content/defbe912-ceb9-4017-a215-16d214484597 Hosted on Acast. See acast.com/privacy for more information.

One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance. Chip shortage to last until at least mid-2022, warns manufacturerhttps://www.ft.com/content/04858089-fbe7-44f1-b096-8e705c664f8e?G7 strikes historic agreement on taxing multinationalshttps://www.ft.com/content/a308bbff-5926-47a1-9202-6263e667511eChina boosts measures to cool renminbi rallyhttps://www.ft.com/content/4ab2d4a7-4a73-4d39-bfba-f97dd91de54bSilicon Valley bets on crypto projects to disrupt financehttps://www.ft.com/content/0f179c8d-aa60-41d4-96d7-5d53e78c3514 Hosted on Acast. See acast.com/privacy for more information.

The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.Washington to bar US investors from 59 Chinese companieshttps://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4Economists see accelerating US job growth in May payrolls datahttps://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a?FT Series Inflation: a new era?https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3United hopes to revive supersonic era almost 20 years after Concordehttps://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0 Hosted on Acast. See acast.com/privacy for more information.

A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage.  Cyber insurers recoil as ransomware attacks ‘skyrocket’ https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922?Cinema chain AMC surges after luring DIY traders with free popcorn https://www.ft.com/content/2cc442a9-28da-4bcd-88a2-fda1404f0ef6Naomi Osaka shows a shift in sport’s balance of powerhttps://www.ft.com/content/7a380a76-9bd7-4d8e-8cc9-5544c6f51b68Making chocolate can give Ghana a taste of prosperity https://www.ft.com/content/dbd20f9f-b9f7-4bf4-86dd-1a8c84069f01? Hosted on Acast. See acast.com/privacy for more information.

Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schipani, explains what is happening there.Ex-Apollo CEO Leon Black raped and harassed Russian model, lawsuit allegeshttps://www.ft.com/content/72244917-3208-43ab-b076-513c9fc058eeOil prices rally as Opec+ producers agree slow supply increasehttps://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dceGermany’s Greens lose their lustre as election heats uphttps://www.ft.com/content/5c477906-c15c-4de9-bcf7-6cdbe5eb413d?Djibouti’s port dream to become the ‘Singapore of Africa’https://www.ft.com/content/15aefce3-2e6b-4e1a-b480-bfc066f7d8dd Hosted on Acast. See acast.com/privacy for more information.

The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers  Lockdown pet boom helps insurer to $2bn valuationhttps://www.ft.com/content/019cce7c-21e7-462c-b8ab-573a35218d7a‘Final Fantasy’ producer says 5G will end games console’s long reignhttps://www.ft.com/content/0fa963d8-1de8-4390-b3db-8e9908510605Taiwan imposes strict social curbs to stem its worst Covid outbreakhttps://www.ft.com/content/85604b0b-e7aa-4e26-a547-b3d27b262e6bCovid-stricken Brazil to host Copa America football tournamenthttps://www.ft.com/content/c3658bcf-695b-4e3e-9625-41b170e8248c Hosted on Acast. See acast.com/privacy for more information.

American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency. US retailers rush to secure holiday season stockhttps://www.ft.com/content/3a7c02ba-89b0-45d1-8f02-d5eb3c002848Russia releases $500m loan to Belarus as west imposes sanctionshttps://www.ft.com/content/5953320d-c342-457a-af40-50424d159ffdUS regulators signal bigger role in cryptocurrencies markethttps://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101?Bitcoin as a call optionhttps://www.ft.com/content/ed884387-73a3-4e5a-b1db-8f122cd54887Nestlé document says majority of its food portfolio is unhealthy https://www.ft.com/content/4c98d410-38b1-4be8-95b2-d029e054f492? Hosted on Acast. See acast.com/privacy for more information.

 The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.  Archegos fallout hits market for blank cheque companieshttps://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29Hedge fund that beat ExxonMobil says it will have to cut oil outputhttps://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889aInvestors bet eurozone stock rally will gather steam as economy reboundshttps://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3? Hosted on Acast. See acast.com/privacy for more information.

Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.  Climate activists hail breakthrough victories over Exxon and Shell https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues?https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1Tesla set to pay for chips in advance in bid to overcome shortagehttps://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a?Iran bans bitcoin mining as power cuts grip country https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721? Hosted on Acast. See acast.com/privacy for more information.

England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets. England’s NHS plans to share patient records with third partieshttps://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?US companies amass political funding cash pile after Capitol riothttps://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631Climate change: oil producers face costly transitionshttps://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?Cost of breakfast up by a third since start of pandemic https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d Hosted on Acast. See acast.com/privacy for more information.