FT News Briefing

EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this podcast:EU speeds up plans for digital euro after US passes stablecoin lawJustice department calls on Federal Reserve to sack governor Lisa Cook‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiplySign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.Mentioned in this podcast:Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarksTarget shares drop as retailer picks insider to lead turnaround driveUK inflation rises more than expected to 3.8% in JulyWill a 3-minute battery swap beat a 5-minute charge for China’s EV drivers?Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up? Mentioned in this podcast:Jay Powell to deliver Jackson Hole address under fire on multiple frontsUS tech stocks hit by wave of concerns over future of AI boomHow Novo Nordisk lost its lead in the weight loss raceLabubu frenzy sends Pop Mart profits soaringToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT’s Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds. Mentioned in this podcast:Trump floats US security guarantees for Ukraine in meeting with ZelenskyyFrench borrowing costs close in on Italy’s as investors fret over debtsDonald Trump tariffs threaten Narendra Modi’s ‘Make in India’ driveSoho House agrees $2.7bn take-private dealSoftBank to buy $2bn in Intel shares as it grows US investmentsToday’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump will meet with Ukrainian President Zelenskyy today, just days after meeting Russian President Putin, and the UK’s solar output is reaching record levels. Plus, tech companies are spending trillions to build AI data centers.Mentioned in this podcast:‘Absolutely immense’: the companies on the hook for the $3tn AI building boomPutin demanded Ukraine cede Donetsk and Luhansk in exchange for freezing rest of front lineVolodymyr Zelenskyy to press for ceasefire at Donald Trump meetingBritish solar power surges past 2024 totalToday’s FT News Briefing was produced by Ethan Plotkin, Katya Kumkova, Marc Filippino, and Lulu Smyth. Additional help from Alex Higgins and Derek Brower. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump and Russian President Vladimir Putin meet in Alaska today, and Dubai is trying to hold on to its role as the financial centre of the Middle East. Plus, China is sending out a warning to foreign countries stockpiling rare earths metals, and the FT’s Katie Martin explains why she’s worried about the calm in the markets. Mentioned in this podcast:Can Dubai keep its crown as the Middle East’s finance capital?Investors are frogs in a Trumpian potChina warns foreign companies against stockpiling rare earthsPutin hails Trump’s ‘energetic and sincere’ efforts to end Ukraine warToday’s FT News Briefing was produced by Katya Kumkova, Josh Gabert-Doyon and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being buoyed by diplomatic law. Plus, the FT’s Jamie Smyth explains why the US shale boom may be over after a decade-long run. Mentioned in this podcast:UK companies in China buoyed by diplomatic thawUS oil producers say Opec ‘price war’ will halt shale boom  Initial tax data allays fears of non-dom exodus from UKSign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The White House walks back expectations for Friday’s meeting between the US and Russian presidents, and Norway’s oil fund is pulling its money out of Israel. Plus, inflation stayed flat in the US in July, and storm-hit beach towns are struggling to shore up amid sand scarcity.Mentioned in this podcast:White House downplays expectations for Trump-Putin Alaska summitUS inflation holds steady at 2.7% in July despite Trump’s tariffsNorway oil fund sells out of a fifth of Israeli firms amid fierce criticismCan the world’s beaches survive a sand shortage?Crypto founder Do Kwon pleads guilty to US fraud chargesToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Michaela Seah, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU leaders will hold a call with US President Donald Trump ahead of his meeting with Russian leader Vladimir Putin, and the Mexican peso has emerged as an unlikely winner from Trump’s trade war. Plus, Trump has opened the door to Nvidia selling advanced AI chips to China, and the FT’s Kathrin Hille explains what’s next for Taiwan after the country’s failed recall vote. Mentioned in this podcast:EU leaders to hold call with Trump ahead of Putin meeting over UkrainePeso soars as ‘carry trade’ reignites after tariff delaysTrump opens door to Nvidia selling advanced AI chips to China for a feeWhy Taiwanese fear China could take over from withinToday’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK employers cut back hiring over labour and tax cost fears, and Ukraine and its European allies worry about US President Donald Trump’s summit with Russian President Vladimir Putin. Plus, HSBC is weighed down by woes in the Hong Kong commercial property market, and India’s huge IT sector is scrambling to counter the threat of artificial intelligence. Mentioned in this podcast:UK employers cut back hiring over labour and tax cost fearsDonald Trump to meet Putin in Alaska as he signals Ukraine may need to cede landEuropean allies back Ukraine’s borders after Donald Trump floats land swap with RussiaHSBC flags 73% of Hong Kong commercial property loans as riskyIndia’s IT services giants race to reinvent themselves for the AI ageToday’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, Fiona Symon, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple. Mentioned in this podcast:https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffddBoE cuts rates with a hawkish shift in its outlookEurope builds for war as arms factories expand at triple speedDonald Trump threatens 100% tariff on chips but with carve-out for AppleSign up here for the Chris Giles on Central Banks newsletter.Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Sam Giovinco, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European companies are falling behind US counterparts and CoreWeave’s takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year. Mentioned in this podcast:European earnings lag behind US as trade war saps market revivalCoreWeave’s $9bn takeover of Core Scientific faces revolt from top shareholdersBCG consultants modelled relocating Gazans to SomaliaThe covert trip by Iranian nuclear experts to RussiaEmail Swamp Notes your questions: [email protected] Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir’s skyrocketing stock is raising concerns that it’s overvalued. Plus, OpenAI released a new “open-weight” model, and Russia’s banks are coming under scrutiny over bad loans.Mentioned in this podcast:Trump readies fresh sanctions against Russia’s shadow fleetRussia moves to contain concern over banks’ bad loan exposurePalantir’s valuation is a triumph of ‘number go up’OpenAI releases open models to compete with China’s DeepSeekToday’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla’s board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign.  Mentioned in this podcast:Donald Trump to raise tariffs on India over Russian oil purchasesDeutsche Bank chief approved controversial trade he was later tasked with probingThe remote Australian port caught in a US-China security tussle Tesla board awards $30bn of shares to ‘energise and focus’ Elon MuskToday’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany’s biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil’s judiciary, and consumers are cutting back on luxury brands. Mentioned in this podcast:Dollar rebound fizzles after jobs data disappointsGermany’s biggest sports retailer considers moving production into ChinaLula seizes Trump tariff threat to revive re-election pushBrazil vows to defend supreme court against Donald Trump’s onslaughtLuxury brands hit by drop in tourist spending in Europe and Japan Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Ethan Plotkin, Jess Smith, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This weekend, we're sharing an episode from our fellow FT podcast, Swamp Notes. The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals.Subscribe to Swamp Notes on Acast, Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts. Hosted on Acast. See acast.com/privacy for more information.

Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies. Mentioned in this podcast:Apple revenues jump on strong iPhone sales and rebound in ChinaTrump reimposes tariffs on dozens of countriesUkraine restores independence of anti-corruption agenciesSamsung’s $16.5bn Tesla deal will test chipmaker’s hopes for revival Globetrotter: Los Angeles with the FTToday’s FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta’s shares jumped more than 10 per cent off the back of better than expected second-quarter earnings, and the Federal Reserve held rates steady despite calls to lower borrowing rates by US President Donald Trump. Plus, American copper prices fell after Trump exempted refined materials from a 50 per cent tariff on the metal, and HSBC profits declined by 29 per cent. Mentioned in this podcast:Meta shares jump on strong results as Zuckerberg sets out ‘superintelligence’ goalsFed holds rates steady despite Trump’s calls for lower borrowing costsUS copper prices fall after Trump exempts refined metals from tariffs HSBC profits slide 29% on hit from China and restructuringToday’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The potential US-China trade war truce depends on US President Donald Trump’s approval, and a UN-backed food security group says a famine is unfolding in Gaza. Plus, China’s AI expo gives the international community an alternative to American technology, and the IMF’s new global growth forecast reflects that the fall of the dollar has lessened the impact of Trump’s trade war. Mentioned in this podcast:US says extended trade war truce with Beijing hinges on Trump approval‘Worst-case scenario’ of famine unfolding in Gaza, says global hunger monitorChina lays out its AI vision in foil to Donald Trump’s ‘America First’ plan IMF upgrades global growth forecast as weaker dollar aids world economyCredit: FoxToday’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bank of England governor Andrew Bailey and UK chancellor Rachel Reeves are at odds, and EU politicians are grumbling over the bloc’s trade deal with the US. Plus, the US economy is defying expectations and Bain & Co is to shut down its consulting business in South Africa after a corruption scandal. Mentioned in this podcast:Rachel Reeves and Andrew Bailey clash over Revolut meetingWhat have the US and EU agreed on trade?Merz says trade deal will cause ‘considerable damage’ to German economyHow the EU succumbed to Trump’s tariff steamrollerBain & Co shuts South Africa consulting business after corruption scandalHow long can the US economy defy expectations?Today’s FT News Briefing was produced by Fiona Symon Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The European Union struck a deal to limit the rate of US tariffs, and public companies are filling their coffers with cryptocurrencies. Plus, the share of goods in total UK exports has fallen to a record low, and China is moving to fill the void left by the US at the United Nations.Mentioned in this podcast:US and EU strike trade deal, says TrumpCompanies load up on niche crypto tokens to boost share pricesTrump left a power vacuum at the UN. China saw an opportunityThe share of goods in total UK exports has fallen to a record lowChina’s Shaolin Temple says its head is facing a criminal investigationToday’s FT News Briefing was produced by Jess Smith, Ethan Plotkin, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. CREDITS: Shaolin Temple (1982)/Chung Yuen Motion Picture CompanyRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump is set to visit the UK and Krispy Kreme and GoPro stocks rise after becoming meme stocks. Plus, the ECB keeps rates at 2% and how AI is affecting the job market for new-grads. Mentioned in this podcast:Keir Starmer to press Donald Trump over deal to cut tariffs on UK steel importsECB holds rates steady at 2%Is AI killing graduate jobs?Meme stock mania returns as Krispy Kreme and GoPro shares soarFT Weekend Fest Promo code: FTPodcastsToday’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kent Militzer and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla’s second-quarter profits fell 23 per cent as sales of its electric vehicles continued to slide, private equity firms made record use of a controversial tactic to cash out their clients this year, and McKinsey has stopped its China business from undertaking some generative artificial intelligence work. Plus, Taiwan will hold a recall election this weekend and the outcome could mean a lot for its relationship with China.Mentioned in this podcast:Elon Musk warns ‘rough quarters’ ahead for Tesla after Trump cancels EV incentivesPrivate equity firms flip assets to themselves in record numbersMcKinsey bars China practice from generative AI work amid geopolitical tensionsTaiwan’s once-dominant KMT falls ‘out of step’ with the electorateTaiwan launches unity drive as China threat loomsEmail Swamp Notes your questions: [email protected]’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US House Speaker Mike Johnson sent home Congress members early to avoid a vote on releasing files on Jeffery Epstein, Nigeria’s recalculated GDP reflects a 30 per cent growth of its economy, and US President Donald Trump’s tariffs have hit General Motors' profits. Plus, global pharma companies have spent a record amount on Chinese biotech this year and Coca-Cola is putting cane sugar back in Coke.Mentioned in this podcast:Mike Johnson shuts US House early to avoid Epstein voteNigeria’s economy 30% bigger after GDP recalculation Big Pharma is increasingly reliant on Chinese biotech advancesGM profits hit by Trump’s tariffs while EV sales more than doubleCoca-Cola to launch cane sugar-based Coke in US this autumnToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

JPMorgan Chase explores lending against cryptocurrency, and the UK will have to pay in order to join the EU’s defence fund. Plus, UK chancellor Rachel Reeves blames regulation for lack of financial growth and a start-up in San Francisco might know how to create gold. Mentioned in this podcast:JPMorgan explores lending against clients’ cryptocurrencyEU will make UK pay to join €150bn defence fundWill a return to risk-taking rouse animal spirits?Fusion energy start-up claims to have cracked alchemy Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Japan’s ruling coalition lost its majority in the country’s upper house of parliament, and the European Union is trying to break its dependency on American tech. Plus, the London Stock Exchange Group is weighing whether to launch 24-hour trading, and US President Donald Trump’s tariffs have raised nearly $50bn in extra customs revenues.Mentioned in this podcast:Japan’s Ishiba loses majority in election blowCan Europe break free of American tech supremacy?London Stock Exchange Group considers launch of 24-hour tradingDonald Trump reaps $50bn tariff haul as world ‘chickens out’Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, and Marc Filippino. Additional help from Peter Barber and Alexander Higgins. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukrainian President Volodymyr Zelenskyy is accused of authoritarianism after favoring loyalists in anti-corruption raids, and the Meta board settles a multibillion-dollar lawsuit over failing to prevent data breaches. Plus, FT columnist Ruchir Sharma explains why investors are going all in on Israel. Mentioned in this podcast:Volodymyr Zelenskyy accused of authoritarian slide after anti-corruption raidsMeta board settles Delaware case over multibillion-dollar cost of data breachesThe markets are signalling a clear winner in the Middle EastFT Weekend Fest Promo code: FTPodcastsToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election.Mentioned in this podcast:Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell Goldman Sachs profits jump 22% after investment banking gains UK inflation unexpectedly rises to 18-month high of 3.6%Japan’s 10-year yield hits highest level since 2008 financial crisisCredit: Fox NewsSend in your Swamp Notes questions ([email protected])Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds. Mentioned in this podcast:Donald Trump announces trade deal with Indonesia Catastrophe bond sales hit record as insurers offload climate risksUK set up secret Afghan immigration scheme after data leak and gagged mediaUS inflation reaches 2.7% as Trump tariffs hitToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US. Mentioned in this podcast:EU budget shake-up to shift billions to eastern states Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’ Rachel Reeves to hail fiscal ‘stability’ and City risk-taking in Mansion House speech‘E-power’: the hybrid tech Nissan is counting on to conquer the USToday’s FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU has put trade retaliations against the US on hold, and US investment banking is set to extend its losing streak. Plus, the FT’s Eleni Varvitsioti explains how Greece recovered from economic disaster in the past decade, but still has work to do.Mentioned in this podcast:EU pauses trade retaliation against US after Trump’s 30% tariff threatInvestment banking set to extend worst run in over a decadeHow Greece came back from the brinkToday’s FT News Briefing was produced by Persis Love, Sonja Hutson, Katya Kumkova, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

India is set to reach a record year in initial public offerings and Big Pharma is facing a wave of patent expiration dates. Plus, Meta goes to trial over who to hold accountable for corporate scandals. Mentioned in this podcast:India on track for record IPO yearThe looming ‘patent cliff’ facing Big Pharma Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, Henry Larson and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.Mentioned in this podcast:UK and France vow to co-ordinate nuclear deterrence for first timeGlobal copper market weighs impact of Donald Trump tariff threatNvidia becomes first company to reach $4tn in market valueSend your US politics questions to [email protected] Subscribe to the Swamp Notes podcastNote: An earlier version of this episode contained a segment with several factual errors about the composition of Canada's energy sector. That segment has since been removed from the show.Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.  Hosted on Acast. See acast.com/privacy for more information.

EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, European Commission president Ursula von der Leyen dismissed the no-confidence motion against her in a speech. Mentioned in this podcast:Donald Trump deal to leave EU facing higher tariffs than UKBCG modelled plan to ‘relocate’ Palestinians from GazaBCG chief admits Gaza work was ‘reputationally very damaging’Von der Leyen bats away no-confidence vote but critics land punches Credit: European CommissionToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump. Mentioned in this podcast:Donald Trump renews threat to hit trading partners with steep tariffsLiechtenstein hit by Russia-linked ‘zombie trust’ crisisShein files for Hong Kong IPO to pressure UK to save London listing‘Elon has finally woken up’: Musk battles to save Tesla from TrumpToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israeli Prime Minister Benjamin Netanyahu visits Washington DC today to discuss a Gaza ceasefire proposal with US President Donald Trump, and US stocks are booming again despite uncertainty about the wider economy. Plus, Hong Kong’s stock exchange is attracting lots of companies, and venture capital is putting its own tech-focused spin on a private equity business model. Mentioned in this podcast:Israel to join ceasefire talks despite ‘unacceptable’ response from HamasNetanyahu and Trump to discuss new Gaza deal at White HouseAre we rallying, or overcorrecting?Hong Kong listings pipeline hits record high as equity market boomsTech venture firms deploy private equity ‘roll-up’ strategyToday’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Katya Kumkova, and Jess Smith. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has secured passage of his flagship tax and spending legislation and the US jobs market exceeded expectations last month. Plus, the future of the UK’s National Health Service could be in jeopardy, and Hong Kong residents cancel trips to Japan over a comic book’s earthquake prophecy. Mentioned in this podcast:What is in Donald Trump’s giant tax-cutting billUS economy surpasses expectations to add 147,000 jobs in JuneThe future of the NHS 10-year plan NHSHongkongers scrap Japan trips over comic book’s earthquake prophecyToday’s FT News Briefing was produced by Sonja Hutson and Katya Kumkova. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European CEOs are lobbying against AI regulations, and trade officials are rushing to make deals before US President Donald Trump’s tariffs take effect again. Plus, the Pentagon suddenly stalled some weapon shipments to Ukraine, and the UK’s watered-down welfare reform bill could mean higher taxes.  Mentioned in this podcast:European CEOs urge Brussels to halt landmark AI ActUS narrows trade focus to secure deals before Donald Trump’s tariff deadlineUkraine summons top US diplomat after Washington halts some arms suppliesWhich UK taxes are expected to rise in the autumn Budget?Today’s FT News Briefing was produced by Sonja Hutson and Kasia Broussalian. Additional help from Blake Maples and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK government passed its welfare reform bill after making concessions, and Hong Kong’s stocks are beating out mainland China’s. Plus, Eurozone inflation rises to 2 per cent, and Europe turns to France to process rare earths.Mentioned in this podcast:Starmer guts UK welfare reforms to avoid Commons defeatHong Kong’s bull market leaves China behind Eurozone inflation rises to ECB’s 2% targetEuropean companies look to France for domestic rare earths sector Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Fiona Symon. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Two of the biggest oil companies in the Middle East scale down their acquisition sprees, and Wall Street’s comeback has dramatically narrowed the gap with European stocks. Plus, the US is lifting sanctions on Syria, and Klarna makes some changes to its business model.Mentioned in this podcast:Gulf oil companies slow $60bn acquisition spree as crude prices fall US dollar suffers worst start to year since 1973 US stock market comeback tests investor faith in rotation to EuropeDonald Trump lifts most US sanctions on SyriaKlarna accelerates shift to digital bank ahead of second IPO attemptToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Ethan Plotkin. Additional help from Blake Maples, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration is paving the way for more US bank mergers, and China’s online retail giants are losing some key customers. Plus, the race to replace Federal Reserve Chair Jay Powell is heating up, and the UK is trying to make financial advice more accessible. Mentioned in this podcast:Deal hunger stirs among US banksUS shoppers ditch Shein and Temu as Trump closes tax loopholeWhite House says decision on nominating next Fed chair not ‘imminent’UK launches biggest financial advice shake-up in more than a decadeToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Some members of the UK's parliament fight back against proposed welfare cuts, and early intelligence suggests Iran’s uranium stockpile is still intact, officials say. Plus, the rise of sports gambling in Nigeria is being powered by social media influencers.Mentioned in this podcast:Early intelligence suggests Iran’s uranium largely intact, European officials sayA defeat Keir Starmer cannot affordKeir Starmer in talks with rebel MPs in bid to head off welfare revoltThe football betting influencers behind Nigeria’s not-so secret gambling boomSend me your questions for the Swamp Notes podcast: [email protected]. We may even play your voicemail on the show.Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nato members decided on increased defence spending, the Federal Reserve is planning on cutting capital requirements for America’s biggest banks, and accounting firms are ready to open up to public markets. Plus, why US stocks are unfazed by the Israel-Iran conflict. Mentioned in this podcast:The US, Iran and marketsThe markets are silent — that is worryingFederal Reserve unveils plans to reduce capital rules imposed after 2008 crisisAccounting sector prepares for more IPOs after private equity bingeToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stocks almost hit record highs amid possible de-escalation in the Middle East, and Johns Hopkins University professor Vali Nasr analyses Iran’s future. Plus, the US Federal Reserve chair signalled no interest cuts this summer, and US states are sending delegates to the EU for advice on green policy. Mentioned in this podcast:Israel-Iran latest: JD Vance declares era of new Trump foreign policy doctrineThe war that will remake Iran’s Islamic republicIran at the precipiceJay Powell pushes back on calls for Federal Reserve rate cuts as soon as JulyRachman Review podcastUS states send delegates to EU for advice on green policyToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US president Donald Trump has said Israel and Iran have agreed a ceasefire, shifting priorities in the US are putting pressure on Nato members in Europe, and emerging markets defy US President Donald Trump’s trade war. Plus, the US has yet to find Iran’s uranium stockpile. Mentioned in this podcast:Donald Trump claims Israel and Iran have agreed ceasefireWhat happens to Nato if the US steps back?Where is Iran’s uranium? Search continues for 400kg stockpileEmerging markets defy investor gloom to outshine developed worldToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US is now using force to try to eliminate Iran’s nuclear programme, and new tariffs on US household goods take effect. Plus, the chief executive of a Russian burger chain is petitioning President Vladimir Putin to block western businesses from returning, and the CEO of the fintech Revolut could be due for a major pay out. Mentioned in this podcast:US says it inflicted ‘severe damage’ on Iran’s nuclear programme Tariffs on household goods bring home costs of Trump’s trade warsFake McDonald’s lobbies Vladimir Putin to block return of western companiesRevolut chief in line for Musk-style payday at $150bn valuationToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russia’s war-time economy is slowing down, and the EU is negotiating a trade deal with the US to keep some tariffs in place. Plus, the Bank of England votes to hold interest rates steady, and a UN official describes violence at aid distribution sites in Gaza. Mentioned in this podcast:Russia on brink of recession, says economy ministerEU weighs UK-style trade deal with USBank of England warns of weakening jobs market as it holds ratesHow Gaza’s food queues turned into kill zonesToday’s FT News Briefing was produced by Fiona Symon, Josh Gabert-Doyon, and Ethan Plotkin. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve cut its outlook for the US economy on Wednesday, and in the UK, inflation remains higher than ideal. Plus, Big Tech companies are lobbying for a decade-long ban on AI regulations, and the Israel-Iran conflict has hit the global supply chain. Mentioned in this podcast:UK inflation was 3.4% in MayFederal Reserve cuts outlook for US economy but holds interest rates steadyBig Tech pushes for 10-year ban on US states regulating AIInsurers lift prices 60% for key Iran route as conflict threatens shippingToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump demands unconditional surrender from Iran on social media, and the Iran-Israel conflict causes Trump to leave the G7 summit early. Plus, the EU relaxes merger rules on defence and Meta will bring advertisements onto its messaging platform WhatsApp. Mentioned in this podcast:Meta introduces advertising to WhatsApp in push for new revenuesDonald Trump leaves G7 early as Iran-Israel conflict intensifiesBrussels to loosen merger rules for defence companiesRegister for the Reindustrializing America webinar hereTrump calls for Iran’s ‘unconditional surrender’ Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tensions rise as the EU refuses trade talks with China before next month’s leaders summit, and Airbus announced $10bn of orders at the Paris Air Show. Plus US President Donald Trump’s golden share means heavy influence in the Nippon Steel deal, and energy markets react to the conflict between Iran and Israel. Mentioned in this podcast:US Steel deal embodies golden age of Trump meddlingFuel and fury: energy becomes a Middle East battlefield EU spurns economic dialogue with China over deepening trade riftToday’s FT News Briefing was produced by Mischa Frankl-Duval, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.