FT News Briefing

Donald Trump launched a barrage of new tariffs on trading partners, and Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role. Plus, the FT’s Ben Hall explains what’s next for Marie Le Pen now that France’s far-right leader has received a five-year ban from standing in elections. Mentioned in this podcast:Donald Trump escalates global trade war with sweeping tariff blitzElon Musk denies role in Trump administration is under pressureTesla suffers worst quarter since 2022 as deliveries tumbleFrench court leaves Marine Le Pen’s political career on the brinkThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok, US President Donald Trump is expected to lay out his sweeping tariffs policy today, and European inflation is down for the second straight month. Plus, Syria’s White Helmets have returned to Damascus as the country tries to rebuild from its brutal civil war. Mentioned in this podcast:Andreessen Horowitz in talks to help buy out TikTok’s Chinese ownersWhat to expect on ‘liberation day’Eurozone inflation falls for second consecutive month to 2.2%Syria’s White Helmets return to DamascusThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google’s artificial intelligence arm DeepMind has been holding back the release of its world-renowned research, and Elon Musk has poured an unprecedented amount of money into a Wisconsin state supreme court race. Plus, Lebanon’s new central bank governor Karim Souaid has been mired in controversy. Mentioned in this podcast:DeepMind slows down research releases in battle to keep competitive edgeThe people vs Elon Musk: billionaire transforms Wisconsin court contestLebanon closes in on next central bank headThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors warn that higher bond yields in Germany could make it harder for EU members to increase defence spending, and the tech world’s largest public offering in 18 months fell flat on Friday. China was targeted by a record number of trade disputes at the World Trade Organization last year, and traders in Gaza are charging commissions of 30% on hard currency due to severe shortages. Mentioned in this podcast:Germany’s spending push drives up borrowing costs across EurozoneCoreWeave treads water in market debut after downsized IPO China’s export boom sparks record number of WTO disputesThe money menders of Gaza Isar declares rocket launch a success despite crash on first attempt to reach orbit Credit: Isar Aerospace The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As Congress works through President Donald Trump’s recent budget, one of the likeliest cuts on the chopping block is Medicaid. The government health insurance programme is used by one in five Americans, including many voters who make up Trump’s Maga base. So could cuts to Medicaid actually threaten Trump’s hold on Republicans? Washington bureau chief James Politi and US politics and society correspondent Guy Chazan are on to discuss if a showdown is coming between the party’s fiscal hawks and those who’d like to preserve social welfare programmes. Mentioned in this podcast:The big government spending Maga voters can’t live withoutUS House passes budget resolution to cut taxes and spending by trillionsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump’s auto tariffs hit carmaker shares and Chinese financial authorities have told some companies they can start launching mainland initial public offerings. Plus, protesters in Turkey are worried about the future of their democracy. Mentioned in this podcast:China opens path to revival in A-share listingsDonald Trump’s tariffs throw car industry into turmoilTurkish protesters rise up against Recep Tayyip ErdoğanThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US will impose tariffs of 25 per cent on imports of foreign-made autos and Piyush Gupta will step down after 16 years as chief executive at Singapore’s DBS bank. UK inflation unexpectedly fell to 2.8 per cent in February, and Rolls-Royce has seen its share price skyrocket since 2023, in large part due to chief executive Tufan Erginbilgiç. Mentioned in this podcast:Donald Trump to impose 25% tariff on US auto importsDBS and Jack Ma: how a meeting helped change the history of Singapore’s biggest bankTurning round Rolls-Royce: ‘If you don’t score quickly, you lose people’UK inflation slows more than expected to 2.8% The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Beijing has introduced environmental restrictions that would prevent Chinese companies from buying Nvidia’s bestselling processors, UK chancellor Rachel Reeves will update the country on Wednesday on the latest economic growth forecasts, and Shell has said it will cut costs and spending, especially in clean energy. Plus, individual investors have pumped almost $70bn into US stocks this year even as professional money managers are slashing their exposure.Mentioned in this podcast:Nvidia’s China sales face looming threat from Beijing environmental curbsWhat will be in Rachel Reeves’ Spring Statement?Shell slashes costs in ‘relentless’ drive to close valuation gap with US rivalsRetail traders plough $67bn into US stocks while investment giants fleeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sources tell the FT that China is considering including services in a multibillion-dollar subsidy programme to stimulate consumption, software giant SAP has become Europe’s most valuable company, and BYD’s annual sales have topped $100bn for the first time. Plus, Elon Musk’s Starlink is set to cement its dominance this year, but his ties to US President Donald Trump are shifting from an asset to a liability.Mentioned in this podcast:China explores services subsidy to boost weak domestic demandSAP leapfrogs Novo Nordisk to become Europe’s most valuable companyBYD’s annual sales top $100bn for first time Starlink’s rapid global rollout complicated by Elon Musk’s ties to Donald TrumpThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Canada’s new prime minister calls snap elections, European investors in US equities have been dealt a double blow, and carmakers try to get ahead of US President Donald Trump’s new tariffs. Plus, a group of top tennis players has accused the game’s governing bodies of trapping them in an unfair system.Mentioned in this podcast:Mark Carney calls snap election for Canada citing ‘crisis’ caused by TrumpDollar slump magnifies stock market pain for foreign investorsCarmakers rush to ship vehicles to US ahead of new round of April tariffsTennis stars accuse governing bodies of ‘cartel’ to deny them more prize moneyUK comic book makers join forces as AI copycat battle awaitsCredit: CBC NewsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As US President Donald Trump dismantles agencies and challenges institutions across the federal government, Democrats still can’t decide how to oppose him. The FT’s global business columnist Rana Foroohar and Washington reporter Steff Chavez join this week’s Swamp Notes podcast to discuss why Democrats’ inability to pick a strategy can prove costly.  Mentioned in this podcast:The Democrats must make a choiceTop Senate Democrat to back Republican bill to avert government shutdownSign up for the FT’s Swamp Notes newsletter hereSign up for the FT’s White House Watch newsletter Swamp Notes is produced by Katya Kumkova, Sonja Hutson and Ethan Plotkin. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: YouTube/Forbes Breaking News, YouTube/NBC NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European countries are considering how to take on greater responsibilities for the continent’s defence, the UK and the US are negotiating a trade deal to avoid tariffs, and has the Federal Reserve stopped leading the way on global monetary policy? Mentioned in this podcast:European military powers work on 5-10 year plan to replace US in NatoUK races to avoid worst of Trump tariffs with talks on tech taxWhat’s at stake in the US-UK trade talks?Newsletter: Chris Giles on Central BanksThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve is still in wait-and-see mode, a handful of technology start-ups are expected to go public next month, and Turkish police have detained the main political challenger to President Recep Tayyip Erdoğan. Plus, the campaign for International Olympic Committee president has shone a harsh light on the organization’s business model. Mentioned in this podcast:Federal Reserve cuts US growth forecast as Trump’s policies weigh on outlookTech groups boost IPO revival hopes despite market tumultTurkish police detain Erdoğan’s main political rivalDoes the Olympic business model still work? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Vladimir Putin has ordered Russia’s military to refrain from striking Ukrainian energy infrastructure for 30 days, and the Israel-Hamas ceasefire was broken after Israeli strikes killed more than 400 people on Tuesday. Boeing’s rescue mission highlights the company’s struggles in space. Plus, Germany’s parliament approves Friedrich Merz’s plans to boost defence spending. Mentioned in this podcast:Putin agrees 30-day halt to strikes on Ukrainian energy infrastructure in call with Trump Israel strikes kill more than 400 as Gaza ceasefire breaks down Stranded astronauts’ rescue mission lays bare Boeing’s struggles in spaceGermany’s parliament approves Friedrich Merz’s 1tn spending planThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Vladimir Putin has allowed a group of western asset managers and hedge funds to offload Russian securities left in limbo by Moscow’s invasion of Ukraine, an FT analysis found that US listings often fail to boost companies’ valuations, and the Financial Conduct Authority is to ban Crispin Odey from the financial services industry. Plus, tech giant Jack Ma used artificial intelligence to fuel a major turnaround at Alibaba.Mentioned in this podcast:Putin lets western investors sell some Russian shares ahead of Trump talksUS listings often fail to boost European companies’ valuationsFCA to ban Crispin Odey from financial services industry  How Jack Ma’s pivot to AI rehabilitated AlibabaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

HSBC and UBS are expanding their wealth management arms in India, and the consulting boom in Saudi Arabia is slowing down. Plus, global gold prices have soared on fears that President Donald Trump could impose tariffs on gold imports, and US retailers are preparing for fewer sales in 2025. Mentioned in this podcast:HSBC and UBS expand India wealth management arms after IPO boomGold hits $3,000 for first time on global growth fearsFrom London to New York via Switzerland: the booming trade in gold barsEnd of ‘blank cheque’ era for outside consultants in Saudi ArabiaSouth Korea’s academic race pushes half of under-6s into ‘cram’ schoolsUS shoppers tighten their belts as economic outlook concerns mountThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, the value of the American dollar continued to decline. The plunge has been attributed to market volatility over President Donald Trump’s on-again, off-again tariffs. But there are some on Trump’s economic team who have floated wanting to weaken the dollar intentionally. FT economics columnist Gillian Tett and Unhedged host Katie Martin join to discuss why the chaos that’s keeping investors worried may be a feature, not a bug.Mentioned in this podcast:Unhedged PodcastWhat a Mar-a-Lago accord could look likeSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russian President Vladimir Putin has indicated Moscow is unwilling to drop its maximalist demands over any deal to halt the fighting in Ukraine, and Intel’s new chief executive has made investors excited. Plus, India’s Prime Minister Narendra Modi is in a tough spot over how he handles tariffs from the US. Mentioned in this podcast:Putin voices doubts over US proposal for Ukraine ceasefireIntel shares soar after troubled chipmaker appoints Lip-Bu Tan as CEO ‘Whatever you charge, I’m charging’: Donald Trump forces India’s hand on tariffsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk’s efficiency drive failed to prevent US federal spending rising to a record $603bn in February, European battery maker Northvolt has filed for bankruptcy in Sweden, and US inflation fell to 2.8% last month. Plus, China’s plan to revive Africa’s ‘freedom railway’ showcases Beijing’s leaner approach to overseas aid.Mentioned in this podcast:Elon Musk’s cuts fail to stop US federal spending hitting new recordNorthvolt files for bankruptcy in Sweden US inflation fell more than expected to 2.8% in February The railway that China hopes will take on the US in Africa   Saudi-owned Scopely buys Pokemon Go in $3.5bn gaming dealFor more on Northvolt, listen to the FT’s Behind The Money deepdive here, or search wherever you get your podcasts. The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans. Mentioned in this podcast:Ukraine says it is willing to accept 30-day US-brokered ceasefireWall Street sell-off pulls S&P 500 into correction territoryNissan pushes out chief Makoto Uchida after collapse of Honda merger talksBig banks play catch-up with fintech start-ups in deferred paymentsLeavitt clip: C-SPANThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street stocks fell on Monday, and Pimco has recorded a 17% paper profit on its portion of a £3bn emergency loan that it and others are set to provide to ailing utility Thames Water. Plus, hundreds of people have been killed in Syria after clashes between pro-government and pro-Assad forces escalated into sectarian violence. Mentioned in this podcast:Wall Street stocks tumble as investors fret over US economic slowdownIs this dotcom bust 2.0?US condemns Syria violence after hundreds killed in sectarian clashesPimco books 17% instant profit on Thames Water emergency loanThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Canada’s Liberal party selects a new leader, and US President Donald Trump’s nominee to lead the Justice Department’s antitrust division is turning heads on Wall Street. Plus, US startups are raising more money than at any point since 2021, and why a gold boom in Ghana is driving up global chocolate prices. Mentioned in this podcast:Mark Carney to replace Justin Trudeau as Canada’s prime ministerTrump nominee unites right and left with tough antitrust viewThe illegal gold miners driving up global chocolate pricesAI frenzy leads US venture capital to biggest splurge in three yearsBridgestone and Michelin test advances in puncture-free tyres Credit CBCThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European leaders met twice this week to discuss a plan to protect Ukraine — without US leadership. The rift between Brussels and Washington has grown as US president Donald Trump paused military aid to Ukraine and stopped intelligence sharing. As Germany and the EU discuss a new set of defence stimulus plans, special guest Gideon Rachman, the FT’s chief foreign policy commentator, is on to discuss possible outcomes. Mentioned in this podcast:Rachman Review podcastTrump is sowing the seeds of an anti-American allianceSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s crypto project made at least $350mn from the launch of his memecoin, and FT markets columnist Katie Martin unpacks the week in markets. The European Central Bank cut interest rates to 2.5 per cent yesterday, plus EU leaders held an emergency summit to talk about defence spending and support for Ukraine. Mentioned in this podcast:Donald Trump’s crypto project netted $350mn from presidential memecoin ECB cuts interest rate to 2.5% US stocks struggle as ‘America First’ bets backfire Global bond sell-off deepens as Germany jolts markets The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has handed carmakers a one-month reprieve on tariffs on imports from Mexico and Canada, and we look at how a few billionaire elites struck a multibillion-dollar port deal within weeks. German borrowing costs surged by the most in 28 years on Wednesday, and the Liberal party in Canada will hold a leadership vote this weekend to replace Prime Minister Justin Trudeau. Mentioned in this podcast:Donald Trump hands carmakers one-month reprieve from tariffsGerman borrowing costs soar by most since 1997 on ‘historic’ debt dealDonald Trump revives Canada’s Liberals in electoral turnaroundThe billionaire elite who answered Donald Trump’s call on Panama Canal The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Volodymyr Zelenskyy said Ukraine was “ready to come to the negotiating table as soon as possible”, Taiwan is trying to get on US President Donald Trump’s good side, and private equity assets under management fell last year for the first time in decades. Plus, businesses are snapping up the wind and solar farms that governments are no longer backing.Mentioned in this podcast:Big businesses step up to buy energy from new wind and solar farms‘Chips on the table’: Taiwan pushes for closer US ties as China threat loomsVolodymyr Zelenskyy says Ukraine ‘ready’ to talk peace in bid to placate Donald TrumpPrivate equity industry shrinks for the first time in decadesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US is suspending military aid to Ukraine, Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade war, and Eurozone inflation has fallen for the first time in four months to 2.4 per cent. Plus, US defence stocks are being left behind. Mentioned in this podcast:US suspends military aid to UkraineHow Donald Trump’s tariffs threaten an iconic US pick-up truckEurozone inflation falls to 2.4% as underlying price pressures easeEuropean defence shares jump as blistering rally gathers paceUS defence groups miss out on global stock rally amid Trump’s Pentagon cutsCredit: @ChevyPHThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrencies surged on Sunday after a surprise announcement from US President Donald Trump, and European leaders gathered in London to shore up support for Kyiv. Plus, Deutsche Bank clashed with the European Central Bank throughout 2024 over concerns about its risk management, and high interest rates and uncertainty over immigration policy are discouraging US homeowners from renovating properties.Correction: We incorrectly said in this episode that by the end of 2024, Deutsche had earmarked more than €5.5bn for potential losses. We should have said that during 2024, Deutsche earmarked €1.8bn for potential losses. We apologise for this error.Mentioned in this podcast:Crypto prices jump as Trump says US strategic reserve to include lesser-traded tokensDeutsche Bank clashed with ECB over bad loan lossesUK and France aim for new Ukraine peace deal after White House fracasAmericans delay home improvements in latest blow to US housing marketThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, the White House said it would pick which reporters would get access to Donald Trump. Meanwhile, the US president has sued several press outlets for what he considers unfair coverage. Can the media do its job in this political landscape? The FT’s Washington bureau chief James Politi and Los Angeles bureau chief Chris Grimes examine the media climate. Mentioned in this podcast:White House to choose which reporters get close access to Donald TrumpDonald Trump vs the media: US president wages war on the fourth estateSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has said his administration is working on a trade deal with the UK, Santander’s incoming chief accounting officer is under criminal investigation in Brazil, and the pound is rebounding. Plus, DeepSeek’s advances have sparked a nationwide push in China to deploy its large language models everywhere from hospitals to local governments. Audio credit: The Independent  Mentioned in this podcast:Trump says US is working on trade deal with the UKSterling outshines rivals on stronger economic dataDeepSeek spreads across China with Beijing’s backingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s revenues soared in the quarter to the end of January as demand for its AI-focused chips boomed, healthcare costs are dragging down the Chinese economy, and BP is turning its main focus back to fossil fuels. Plus, America’s investors are putting money in English football’s lower leagues. Mentioned in this podcast:Nvidia revenues jump almost 80% on booming AI chip salesWhy ‘catastrophic’ medical bills are hurting China’s economyBP pivots back to oil and gas after ‘misplaced’ faith in green energyWealthy overseas owners drive record spend in English football’s lower leaguesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Kyiv has agreed terms with Washington on a minerals deal, and finance ministers from many of the world’s largest economies are poised to skip Group of 20 meetings in South Africa this week. Plus, Unilever is replacing its chief executive and the FT’s Hannah Murphy explains why Silicon Valley is veering to the conservative right. Mentioned in this podcast:Unilever ousts chief Hein Schumacher after less than two yearsTech titans stand with Donald Trump to kill off activism in Silicon ValleyUkraine agrees minerals deal with USTop finance ministers snub G20 as global co-operation comes under strainThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katyha Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.Mentioned in this podcast:Europe and US clash over Ukraine in G7 and UNDebt and defence worries for Friedrich Merz after AfD and far left make gainsApple announces plans to create 20,000 US jobs in pitch to Donald TrumpADM pledges to stick to climate goals as Donald Trump divides corporate worldThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The center-right Christian Democrats won the most votes in Germany’s election, and the US stock market had its worst day in two months on Friday. Britain and India will relaunch talks on a long-awaited trade deal, plus, China’s holdings of US Treasuries have fallen to their lowest level since 2009. Mentioned in this podcast:Friedrich Merz set to become Germany’s next chancellor, exit polls say US stocks post worst slide in two months on gloomy economic dataChina’s holdings of US Treasuries fall to lowest level since 2009UK and India relaunch trade talks in bid to boost investment opportunitiesDecaffeinated Brazilians blame Lula for surging cost of morning brewCredit: @casaljb_brasil/InstagramThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump’s executive order this week seeks to “rein in” independent federal agencies by requiring them to submit draft regulations for review. The FT’s US managing editor Brooke Masters and our legal and enforcement correspondent Stefania Palma discuss what the new measures mean for the business community.Mentioned in this podcast:Trump makes push for control of independent US regulatorsUS dealmaking suffers worst start to a year in a decade amid Trump volatilitySign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors are urging the EU to make sweeping reforms to its debt securitisation market, Walmart has staged a major comeback, and Chinese ecommerce giant Alibaba reported its fastest revenue growth in more than a year. Plus, the FT’s John Paul Rathbone explains how Europe could defend itself should Donald Trump pull US military assets.Mentioned in this podcast:Investors call for shake-up of Europe’s ‘failed’ securitisation marketHow Europe can defend itself without US helpHow a resurgent Walmart saw off the Amazon threatWalmart points to ‘uncertain time’ with warning of weaker sales growthAlibaba to ‘aggressively’ invest in AI over next three yearsSubscription promo: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

KKR has submitted a preliminary bid to take a majority stake in Thames Water, and HSBC set out its cost cuts in its annual earnings report yesterday. UK inflation hit a 10-month high. Plus, Germany has lost half a million manufacturing jobs since 2020. Mentioned in this podcast:German manufacturing job losses deepen fears over industrial declineUK inflation rises to 10-month high of 3% in JanuaryHSBC sets out scale of cost cuts under chief executive’s restructuring planKKR submits £4bn bid to take majority stake in Thames WaterSubscription promo: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US and Russia have agreed to ‘lay the groundwork for future co-operation’ on ending the Ukraine war, and US president Donald Trump has his eyes on Ukrainian mineral deposits. Plus, developers of small modular nuclear reactors have raised at least $1.5bn in funding over the past year thanks to AI data centers.Mentioned in this podcast:US and Russia agree to ‘lay the groundwork’ for ending Ukraine warThe Ukrainian mineral riches in Donald Trump’s sightsBig Tech’s AI ambitions deliver funding boost to nuclear reactor race   Subscription promo: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla risks being caught up in the China-US trade war, while US officials head to Saudi Arabia to start peace talks over Ukraine. Indonesia reaches “Opec status” as it dominates the global nickel trade. Plus, the US-India deal signals a bonanza for US gas imports. Mentioned in this podcast:Tesla braces for delay to China licence as Trump trade tensions mount The ‘Opec’ of nickel: Indonesia’s control of a critical metal European countries clash over sending troops to UkraineSubscription promo: ft.com/briefingsaleThis episode of the FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

French President Macron holds an emergency meeting in Paris with Ukraine’s allies, and a stock index featuring Europe’s largest banks is outpacing the United States’ Magnificent Seven tech giants. Plus, the activist hedge fund Elliot Management is on a mission to rejuvenate British Petroleum. Mentioned in this podcast:Europe scrambles to respond as US and Russia prepare for Ukraine peace talksHedge fund Elliott shakes BP from its strategic slumpMagnificent 7? Try the Magnificent 47 for sizeSubscription promo: ft.com/briefingsaleThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukraine is dominating discussions at this year’s Munich Security Conference after a call between Donald Trump and Russia’s Vladimir Putin, which ended with the US president declaring that peace talks will start “immediately”. The FT’s Moscow bureau chief Max Seddon is on to discuss, alongside Keir Giles, author of the recent book Who Will Defend Europe?Mentioned in this podcast:Donald Trump opens the door to Vladimir Putin’s grandest ambitionsEU to ease fiscal rules to boost defense spendingHow will Europe defend itself?Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Marc Filippino and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Arm plans to launch its own chip this year, and Shein’s IPO will likely be delayed after US President Donald Trump’s crackdown on tariff-free imports. Plus, Robinhood has evolved from an app that sprayed digital confetti when customers made their first trade to one that aims to serve as a broader financial services platform.Mentioned in this podcast:Arm secures Meta as first customer for ambitious new chip projectShein IPO plans hit by Trump’s low-cost parcels crackdownHas meme-stock kid Robinhood finally come of age?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European officials are worried about being cut out of a US-Russia peace deal on Ukraine, and US inflation ticked up in January. Plus, China’s leading producer of memory chips is rapidly gaining global market share at the expense of South Korean competitors. Mentioned in this podcast:Europe blindsided by Trump on Ukraine peace talks with RussiaUS inflation unexpectedly increases to 3% in JanuaryChinese chip champion’s ‘snowballing’ growth threatens Korean dominanceThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hong Kong tech stocks are flying high, Elon Musk’s nearly $100bn bid for OpenAI comes with a ton of baggage, and the EU says it will retaliate against US tariffs on European steel and aluminium exports. Plus, Sudan’s army is close to its biggest victory in a brutal two-year civil war. Mentioned in this podcast:China’s tech stocks enter bull market after DeepSeekWorld’s largest EV battery maker files for Hong Kong listingElon Musk gatecrashes OpenAI restructuringElon Musk-led consortium offers $100bn to take control of OpenAIEU to retaliate against US steel and aluminium tariffsSudan army nears biggest victory of civil war with assault on capitalThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

More than 60 partners have left PwC China after a ban over its audit of failed property developer Evergrande, the FT’s Andy Bounds explains what we can learn from Donald Trump’s 2018 steel tariffs, and Hamas said it is postponing the next release of hostages. Plus, Hizbollah is weaker than it’s ever been, and it needs the support of its constituency to rebuild.Mentioned in this podcast:PwC China loses 66 partners in wake of ban over Evergrande auditWhat happened when Donald Trump imposed steel tariffs in 2018Donald Trump to impose 25% tariffs on steel and aluminium importsHamas says it is postponing next hostage releaseHow Hizbollah is using cash and WhatsApp groups to shore up powerThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China has imposed retaliatory tariffs on about $14bn of US goods, and US dealmaking has suffered its worst start to a year in a decade. French President Emmanuel Macron has announced €109bn worth of investments in artificial intelligence in France over the coming years, while software company MicroStrategy is inspiring other companies to buy bitcoin and hold it in their corporate treasuries Mentioned in this podcast:China imposes retaliatory tariffs on $14bn worth of US goodsUS dealmaking suffers worst start to a year in a decade amid Trump volatilityThe MicroStrategy copycats: companies turn to bitcoin to boost share priceMacron unveils plans for €109bn of AI investment in FranceThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk’s Department of Government Efficiency, or Doge, dominated the headlines this week as agency members gained access to sensitive data at the Treasury department. FT Washington reporters Joe Miller and Alex Rogers help us make sense of Doge and why the courts are getting involved.Mentioned in this podcast:Can anyone stop Elon Musk’s hostile takeover of the US government? Elon Musk barred from accessing US Treasury payments dataSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Marc Filippino, Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon shares fell after a weaker than expected outlook for the first quarter, and investors are figuring out how to trade in the trade war. Plus, The Bank of England cut interest rates by a quarter-point, and a long simmering conflict between the Democratic Republic of Congo and a Rwanda-backed rebel group is threatening to destabilize the region.Mentioned in this podcast:How to trade the trade warStock vigilantes might have to work harder to tame TrumpBank of England halves growth forecast and cuts rates to 4.5%Rwanda’s stealth occupation of eastern CongoThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US allies across Europe and the Middle East have condemned Donald Trump’s plans to “take over” Gaza, the US cracks down on a trade loophole, and Disney’s earnings shot up 27% in its financial first quarter. Plus, the EU is pushing ahead with enforcing its artificial intelligence regulations despite warnings from Trump.Mentioned in this podcast:Middle East and Europe condemn Donald Trump’s plans to take over GazaTrump’s crackdown on trade loophole to hit Shein and Temu — and help AmazonDisney boosted by strong showing at holiday box officeEU pushes ahead with enforcing AI Act despite Donald Trump warningsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Alphabet’s cloud services missed growth expectations last quarter, American companies are scrambling to protect their supply chains in the face of all the back and forth on tariffs, and China is hitting back at the US for imposing new levies. Plus, India is set for a blockbuster IPO year – even as the economy weakens. Mentioned in this podcast:Google parent Alphabet slides after sales miss Wall Street estimatesChina targets Google, Nvidia and Intel as Trump tariffs biteChina hits back with limited response to Donald Trump’s tariffsIndia set for blockbuster IPO year despite slowing economic growthThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US president Donald Trump’s tariffs on Mexico and Canada are paused for now, commercial property investment is starting to recover from a two-year slump, and Eurozone inflation unexpectedly ticked up in January. Plus, the French AI company Mistral was supposed to be Europe’s answer to US Big Tech dominance, but it’s struggling to gain traction. Mentioned in this podcast:US to pause tariffs on Canada for 30 days after Trudeau and Trump agree dealInvestors choose flats and hotels over offices as property deals returnEurozone inflation rises to 2.5% in JanuaryHas Europe’s great hope for AI missed its moment?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump hit Canada, Mexico and China with steep tariffs on Saturday, and oil and gas groups are relying more heavily on carbon offsets to reach climate targets. Plus, EU governments are exploring ways to include the UK and Norway in a “coalition of the willing” dedicated to ramping up the continent’s defence.Mentioned in this podcast:‘A trade war on steroids’: Trump ushers in new age of US protectionismTrump tariffs spark panic and anger in Canada and MexicoEU opens door to UK and Norway for defence ‘coalition of willing’Shell dominates carbon credit market as clean energy spending scaled backThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

American foreign aid supports everything from arms sales to HIV treatment. But this week, with the stroke of a pen, Donald Trump suspended nearly all of that aid for 90 days. The FT’s Africa editor David Pilling and US defence and security correspondent Felicia Schwartz join this week’s Swamp Notes to discuss how Trump is rapidly redefining America’s role on the world stage. Mentioned in this podcast:Donald Trump’s foreign aid freeze sparks global funding crisisUS officials push to exempt Ukraine from Rubio’s foreign aid freeze Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple revealed quarterly results that slightly exceeded Wall Street expectations, SoftBank is in talks to invest as much as $25bn into OpenAI, and the European Central Bank cut interest rates as it warned about headwinds to the bloc’s economy. Plus, there are concerns that China’s hukou system creates second-class citizens and holds back consumption in urban areas. Mentioned in this podcast:Apple results top estimates even as iPhone sales stallSoftBank in talks to invest up to $25bn in OpenAI ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%How a Mao-era system creates second-class citizens in modern China The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big Tech earnings season is in full swing, the US Federal Reserve held interest rates steady despite pressure from President Donald Trump, and Syria’s new government pressed Moscow about reparations. Plus, activist short-selling is on the decline. Mentioned in this podcast:Meta’s bumper results tempered by revenue outlook Federal Reserve keeps US interest rates on hold Syria asks Russia for reparationsLast men standing: the short sellers who remain after Hindenburg’s exitThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Advances in artificial intelligence by Chinese start-up DeepSeek caused a frantic sell-off of energy and infrastructure shares, and Donald Trump’s Treasury secretary is pushing for new universal tariffs to start at 2.5 per cent. A study finds that ETFs make the market more efficient, and Boeing reports its second-biggest annual loss. Mentioned in this podcast: DeepSeek-driven sell-off puts power demands of AI in doubt, says IEAScott Bessent pushes gradual 2.5% universal tariffs plan ETFs increase efficiency of the market, new study shows Boeing reports second-biggest annual loss after tough 2024 ft.com/briefingsale The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US tech stocks tumbled after advances by Chinese start-up DeepSeek ignited worries over whether America could sustain its lead in artificial intelligence. Latin American leaders will hold an emergency summit to respond to President Donald Trump’s mass deportations of migrants, and Starbucks is cracking down on non-customer access to its stores. Mentioned in this podcast:Advances by China’s DeepSeek sow doubts about AI spending Tech stocks slump as China’s DeepSeek stokes fears over AI spending ‘Back to 1897’: Latin America scrambles to respond to Donald Trump’s aggression Starbucks cracks down on freeloaders to reverse sales decline Tech Tonic ft.com/briefingsale The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Pressure is piling on the European Union to cut back its sustainability agenda, Wall Street may thwart President Donald Trump’s call for a new oil boom, and the US president unleashes retaliatory tariffs against Colombia. Plus, Microsoft’s stake in OpenAI is complicating the start-up’s path to become a for-profit company.Mentioned in this podcast:Trump agenda piles pressure on EU to cut red tape Wall Street will stymie Donald Trump’s US oil surge plan, say shale bosses Trump imposes tariffs and sanctions on Colombia in spat over migrantsOpenAI struggles to price Microsoft stake in deal to become for-profit company ft.com/briefingsale The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has made a lot of enemies over the years. He spent his first week back in the White House going after them — and is reshaping the federal government in the process. The FT’s Washington bureau chief James Politi and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to explain what the president’s first week signals about his plans for the next four years.Mentioned in this podcast:Donald Trump vs the ‘deep state’: president’s vendetta agenda takes shapeTrump’s pick for justice department to face scrutiny on vow to prosecute his opponentsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A federal judge has blocked US President Donald Trump’s attempt to end birthright citizenship, and shares in the leading makers of anti-obesity drugs have dipped. Trump has ordered officials to draw up retaliatory measures against “extraterritorial” taxes, and Emilia Pérez has emerged as frontrunner after the 2025 Academy Award nominations.Mentioned in this podcast:Judge halts Donald Trump’s effort to end US citizenship at birth Donald Trump threatens to double tax rates for foreign nationals and companies Investors lose their appetite for the obesity trade Oscar nominations 2025: cartel musical Emilia Pérez on song with 13 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European bank dividends are at their highest levels since 2007, US President Donald Trump froze billions of dollars in federal funding to green infrastructure projects, and Trump said yesterday that the US would impose more sanctions on Moscow if its war in Ukraine doesn’t end soon. Plus, military regimes in Africa's Sahel region are cracking down on international mining companies. Mentioned in this podcast:European banks to reward investors with bumper €123bn in payoutsDonald Trump halts more than $300bn in US green infrastructure funding Trump tells Putin to reach Ukraine ‘deal’ soon or US will increase sanctionsAI-developed drug will be in trials by year-end, says Google’s HassabisThe ‘terrifying’ crackdown on mining companies in Africa’s coup beltThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims.  Mentioned in this podcast:Netflix shares jump as it adds record number of subscribers Wall Street stocks climb as investors parse Donald Trump’s executive orders TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025 Chinese citizens’ doubts grow over official economic growth claims The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Belgium has launched a criminal probe into the DRC’s allegation. Donald Trump is sworn in as US president. Davos leaders reject climate banking group. And Toyota struggles to jumpstart hydrogen car sales.Mentioned in this podcast: Trump and the contest between two visions of democracyApple hit by Belgian probe over ‘blood minerals’ in CongoToyota rethinks its bet on hydrogen Dollar tumbles as Trump shies away from trade tariffs This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Mischa Frankl-Duval, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump will become US president for the second time on Monday. Investors pile into a fund that spreads its assets equally across the S&P 500, as concerns about a tech bubble grow. A hostage and prisoner exchange between Israel and Hamas is underway. Plus, how El Salvador’s President Nayib Bukele became a model for the global far right.  Mentioned in this podcast:Donald Trump plans blitz of executive orders for first days in White House Investors pour billions into S&P equal weight fund as tech fears rise Hamas hands over three Israeli hostages as ceasefire begins How El Salvador became a model for the global far right Trump-backed memecoin value tops $12bn as crypto industry hopes rise Credit: CSPANThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Not long ago, American corporations were promoting racial justice initiatives and promising to combat climate change. That’s all changed in the months since Donald Trump’s election. The FT’s US financial editor Brooke Masters and tech correspondent Hannah Murphy join this week’s Swamp Notes to explain what’s behind this cultural shift. Mentioned in this podcast:Is corporate America going Maga?The cravenness of Mark ZuckerbergSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Joe Rogan Experience Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s Treasury pick Scott Bessent wants to increase sanctions on Russian oil producers, and the FT’s Stephen Gandel unpacks a bumper earnings season from Wall Street’s banks. British companies are buying back their shares at a faster rate than even US groups, and the LA fires are worsening the challenges facing Hollywood. Mentioned in this podcast:Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say UK companies outpace US businesses in share buybacks Fires prompt soul-searching at Hollywood’s dream factories The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel and Hamas have agreed a deal to halt the war in Gaza and free the remaining hostages. Wall Street banks notched up profits at the end of last year amid a trading boom, and the FT’s economics editor Sam Fleming explains where things stand with inflation around the world. Mentioned in this podcast:Gaza ceasefire announced after 15 months of war US earnings latest: Wall Street profits surge on trading boomWall Street stocks post biggest rally since Donald Trump’s election victory  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Aramco is to expand its investments in lithium production, officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, and KPMG could soon begin offering legal services in the US. Plus, Syria has been flooded with imports in the aftermath of Bashar al-Assad’s ousting.Mentioned in this podcast:Saudi Aramco to expand investments in lithium as it diversifies from oilChina discussing using Elon Musk as broker in TikTok dealKPMG readies challenge to US law firmsSyria flooded with Pepsi and Pringles as rulers open economyThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs is building a new private credit unit, and Nawaf Salam is named as Lebanon’s new prime minister. China’s trade surplus with the rest of the world reached a record of almost $1tn in 2024, and Amazon races to transplant Alexa’s ‘brain’ with generative AI. Mentioned in this podcast:Goldman Sachs to deepen exposure to booming private credit industry Nawaf Salam is Lebanon’s new prime ministerChina’s trade surplus hits annual record of almost $1tnAmazon races to transplant Alexa’s ‘brain’ with generative AIThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US is on the cusp of a gas boom and the west hits Venezuelan officials with fresh sanctions. A £1.5bn class action lawsuit against Apple goes to trial in the UK, and US private equity firms may soon have access to people’s retirement savings. Mentioned in this podcast:Gas construction expected to boom this year in the USVenezuelan officials hit with fresh sanctions as Nicolás Maduro begins third term Apple £1.5bn class action case kicks off in UK courts Mom and pop pension savers could benefit from private markets, at the right price The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has an aggressive negotiating method: he makes big threats in order to extract concessions. But now that he’s floated the idea of invading Danish and Panamanian territories this week, America’s allies are especially nervous. The FT’s Nordic and Baltic bureau chief Richard Milne and US national editor and columnist Ed Luce join Swamp Notes to discuss Trump’s imperial ambitions. Mentioned in this podcast:Why Donald Trump wants GreenlandTrump, Greenland and the rebirth of the Monroe DoctrineDonald Trump’s careless talkSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Kasia Broussalian, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU is preparing for president-elect Donald Trump to roll back his predecessor’s executive orders, bond markets have entered a new era of antagonism with governments, and insurers are bracing for losses of as much as $20bn from wildfires in Los Angeles. Plus, Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election.Mentioned in this podcast:EU fears Trump rolling back Biden-era measures Bond market ‘police’ are back as investors patrol spending plans Insurers brace for losses of up to $20bn from California wildfires Musk examines how to oust Starmer as UK prime minister before next election Resold tickets prices set to be capped under UK tout crackdown The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU leaders warn Donald Trump not to meddle with the continent’s territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society.Mentioned in this podcast:EU leaders warn Donald Trump not to meddle with Europe’s borders Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban Wall Street doubts Citi chief Jane Fraser can hit crucial target China’s drive to give Taiwanese visitors local IDs alarms Taipei Mexico’s president calls for parts of US to be renamed ‘Mexican America’  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China’s airlines are rapidly expanding into Europe, and we take a look at what’s next for Canada’s Liberal party following Prime Minister Justin Trudeau’s resignation. Plus, Meta ends third-party fact-checking and Wall Street bankers gear up for an IPO revival.Mentioned in this podcast:Chinese airlines rush into Europe as western carriers retreat Praised abroad, troubled at home: Canada’s political ‘prince’ bows out Meta ends third-party fact-checking scheme as it prepares for Trump return US set for IPO comeback as private equity firms seek to offload holdings The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Justin Trudeau is resigning as Canadian Prime Minister, and Germany’s solar power industry is in trouble. US bankruptcy filings hit their highest rate in 14 years, and the People’s Bank of China has announced a major policy overhaul as pressures on the economy mount. Mentioned in this podcast: US Corporate bankruptcies hit 14 year high Canadian Prime Minister Justin Trudeau announces resignationGerman solar sector in distress as glut of panels heaps pressure on industry China’s central bank plans policy overhaul as pressure mounts on economy Credit: BBC News The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden’s decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than recovered the $30bn in market value it shed last year. Plus, China’s movie theatres are in crisis. Mentioned in this podcast:ECB has been too slow to cut rates, Eurozone economists warn Joe Biden blocks Nippon Steel’s $15bn takeover of US Steel UK businesses plan price increases as Budget drives up costs  CrowdStrike bounces back after triggering largest IT outage in historyChina’s box office takings drop by a quarter as viewers turn to streaming The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk’s first big foray into politics was a success — he used his world-leading fortune and mass media platform to help Donald Trump regain the White House. But now, just weeks before Trump’s inauguration, some Republicans are pushing back against Musk’s influence. The FT’s Washington correspondent Joe Miller and US business and politics correspondent Alex Rogers join this week’s Swamp Notes to discuss how Musk is navigating a future in Washington. Mentioned in this podcast:Top Democrats warm to Elon Musk’s US government cost-cutting missionElon Musk’s fight with Maga reveals split on immigration within Trump’s circleSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is mixed by Samantha Giovinco and produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Bannons_WarRoom/XRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla’s annual vehicle deliveries declined for the first time in more than a decade, and China’s BYD hit a milestone. Crypto chief Do Kwon makes his first US court appearance to face criminal charges. The rerouting of global trade from China to ports elsewhere in Asia is shrinking the size of vessels, and climate change is redrawing Europe’s wine map.Mentioned in this podcast:Ex-crypto chief Do Kwon brought to New York to face fraud charges China’s electric-vehicle leader BYD posts record sales in 2024Tesla’s annual deliveries drop for first time since 2011 Shipowners switch to smaller vessels as world trade reroutes from China How climate change is redrawing Europe’s wine map The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK’s financial watchdog has failed to remove illegal crypto adverts, and in Japan, shareholder activists are waking companies up from decades of slumber. Plus, the number of active US venture capital firms has dropped by more than a quarter since 2021, and the FT’s Martin Wolf interviews European Central Bank president Christine Lagarde on the bloc’s economic recovery from Covid-19.Mentioned in this podcast:FCA fails to hit firms after half of banned crypto adverts remain online  Activists push Japan Inc to its ‘great tipping point’, says Suntory headNumber of US venture capital firms falls as cash flows to tech’s top investors Martin Wolf interviews Christine Lagarde: Whither Europe? The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline. Mentioned in this podcast:US stocks slip in broad pullback as investors cash in on 2024 gainsUS to send Ukraine $6bn in fresh military and budget assistanceSouth Korea to inspect all Boeing B737-800 aircraft after crashThe relentless advance of American asset managers in EuropeWho killed the rave? Late-night dancing falls into global declineThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, and as payment fraud rises, banks and tech companies disagree on who should cover consumer losses. Syria’s caretaker government has said it could take up to four years for the country to hold elections. Plus, how Hitachi’s plan to monetize industrial data has revived its fortunes. Mentioned in this podcast:US credit card defaults jump to highest level since 2010 Who should foot the bill for cyber scams?Syrian elections may not be held for 4 years, says de facto leader ‘Monetising data’: how Hitachi has soared with bets on AI futureThe FT News Briefing is produced by Niamh Rowe, Persis Love, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics. Mentioned in this podcast:Trump team aims to bankrupt Iran with new ‘maximum pressure’ planHow ‘the mother of all bubbles’ will popSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island.Mentioned in this podcast:Hedge funds cash in on Trump-fuelled crypto boom Bank of England holds interest rates at 4.75%Behind the Money: How the AI boom is reviving Three Mile IslandThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry.Mentioned in this podcast:Fed cuts rates by a quarter-point but signals slower pace of easing Five central banking lessons for 2024US Supreme Court to hear arguments challenging law that could ban TikTok Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive moodThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas.Mentioned in this podcast:Microsoft acquires twice as many Nvidia AI chips as tech rivals Argentina’s economy exits recession in milestone for Javier MileiKPMG outpaces Big Four rivals as audit and tax units shine ‘A different animal’: inside Huawei’s nascent EV business Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government.Mentioned in this podcast: Japan’s SoftBank pledges $100bn investment in US After Nvidia’s boom, what’s next for AI-related stocks?  Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink Syria’s Kurds fear US betrayal under Donald Trump Credit: APSend us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Germany’s Olaf Scholz is expected to lose a confidence vote in parliament on Monday, and Arm and Qualcomm’s bitter legal feud over chip design licensing is heading to trial. The London Stock Exchange is on course for its worst year for departures since the financial crisis. Plus, investors’ appetite for juicy returns has triggered a big boom on Wall Street in complex financial products. Mentioned in this podcast:Olaf Scholz faces confidence vote — and hopes to lose itWall Street’s complex debt bonanza hits fastest pace since 2007London Stock Exchange suffers biggest exodus since financial crisisChip groups Arm and Qualcomm square off in high-stakes US trial ‘No political authority’: South Korea’s interim leader faces daunting taskSend us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe has been able to predictably lean on the US for decades. But Donald Trump used tariffs and other economic threats to test those assumptions in his first term, and he looks set to do so again. The FT’s EU correspondent Andy Bounds and US climate correspondent Aime Williams join to discuss how the EU is preparing (again) for a more confrontational America. Mentioned in this podcast:EU strikes blockbuster trade deal with MercosurEU commissioner pitches ‘Europe first’ in response to Donald TrumpSign up for the FT’s Swamp Notes newsletter hereQuestions about US politics for next week’s Swamp Notes? Email them to ethan.plotkin@ft.com. Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

HSBC is reviewing its retail banking operations outside the UK and Hong Kong, and the European Central Bank cut interest rates by a quarter-point to 3 per cent. The FT’s markets columnist Katie Martin provides a few insights for investing in 2025. Plus, human referees are set to be increasingly phased out as machines become more efficient at making critical decisions in sport.  Mentioned in this podcast:HSBC reviews retail banking outside UK and Hong KongDonald Trump election win sparks trading surge for banks and brokers​​ECB lowers rates to 3% and paves way for more cutsIn sport, the race is on to let technology decide who winsSend us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European Nato members are holding talks about increasing the alliance’s target for defence spending, Microsoft’s artificial intelligence head Mustafa Suleyman is building a team focused on consumer health, and US inflation ticked up to 2.7 per cent last month. Plus, new regulations on human rights are forcing global companies to address concerns about modern slavery and tackle problems in their supply chains.Mentioned in this podcast:Nato’s European members discuss 3% target for defence spending Microsoft’s Suleyman hires ex-DeepMind staff for AI health unitUS inflation rose to 2.7% in NovemberNew rules sharpen investment focus on modern slavery Fifa set to confirm Saudi Arabia as host of 2034 World Cup    The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Qatar’s sovereign wealth fund prepares for a petrodollar windfall, while oil majors scale back their $18bn power generation push. Israeli Prime Minister Benjamin Netanyahu begins testifying in a corruption trial, and public pension schemes and sovereign wealth funds plan to pour more money into private markets over the coming year. Mentioned in this podcast:Qatar’s $500bn wealth fund targets bigger deals as LNG windfall looms BP and Shell rein in electricity ambitions to escape ‘valley of death’ Benjamin Netanyahu arrives in court to testify in corruption trialPublic pension plans and wealth funds to invest more in private markets   The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hiring has fallen more sharply in the UK than in other big economies over the past year, Vanguard will break its advisory business into a separate unit, and Israel has taken more Syrian territory. Plus, we take a look inside Japan’s audacious bid to become a semiconductor superpower. Mentioned in this podcast:Hiring falling more sharply in UK than in other major economies Israel draws furious reaction from Egypt after taking more Syrian territory Vanguard to accelerate wealth management drive in restructuring Japan’s audacious bid to become a semiconductor superpower Christie’s has brought the dinosaur auction show to London The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Syrian President Bashar al-Assad has resigned and fled the country and South Korean prosecutors have opened an investigation into the country’s president, Yoon Suk Yeol, on charges of treason and abuse of power. The EU and four South American countries have struck a blockbuster trade deal, and a US appeals court upheld a law requiring TikTok’s owner ByteDance to sell the platform or face a ban next year. Mentioned in this podcast:Assad flees Syria as rebels seize Damascus Syrian rebels seize Damascus and topple Assad dynastySouth Korean president to be investigated for treason after failed coupEU strikes blockbuster trade deal with Mercosur   TikTok fails to halt law that could lead to US ban Credit: AP, ReutersThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The next superpower will be a tech superpower, and to be that superpower you need to have some control over the semiconductor industry which is driving the AI revolution. But almost all advanced semiconductors are made in Taiwan — and it is under constant threat of a Chinese invasion. President Joe Biden’s Chips Act promises lavish subsidies to companies working to bring semiconductor manufacturing back to US soil. Will those subsidies survive once Donald Trump, the president-elect, is in the White House? In a new season of Tech Tonic the FT’s James Kynge, is in Phoenix, Arizona, the former heartland of American chip manufacturing. He speaks to those trying to revive the US chipmaking industry.Presented by James Kynge. Edwin Lane is the senior producer. The producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Tim Bradshaw. Hosted on Acast. See acast.com/privacy for more information.

Donald Trump once called cryptocurrencies a “scam”. He’s long since changed his tune, and now, crypto enthusiasts are hoping he’ll catapult the industry into the financial mainstream. The FT’s digital markets correspondent Nikou Asgari and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to discuss what the industry could look like under a second Trump administration. Mentioned in this podcast:Crypto advocate Paul Atkins picked as SEC chair by Donald TrumpBitcoin hits $100,000 as Trump era hopes growTrump picks Musk ally David Sacks as crypto and AI tsarThe grim ghost of crypto futureSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Washington Post, Bitcoin MagazineRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Large companies rushed to assess whether top employees have sufficient protection after the murder of a US insurance executive, investors have pumped almost $140bn into US equity funds since last month’s election, and oil producer group Opec+ significantly scaled back its plans for production in 2025. In Mexico, new president Claudia Sheinbaum is doubling down on a radical agenda in the face of tough US tariffs. Plus, Notre-Dame reopens this weekend.Mentioned in this podcast:Shooting of United Health executive a ‘wake up call’ on corporate securityMichel Barnier resigns as French prime minister Investors pour $140bn into US stock funds after Trump election victory Opec+ extends oil production cuts in bid to support prices Mexico’s new president digs in with radical ideas as Trump threat looms How Notre-Dame rose from the ashes Credit: Organ Media FoundationThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, and a dramatic attempt to impose martial law in South Korea by its president has backfired. The French parliament voted to oust Prime Minister Michel Barnier and a UK-led operation has uncovered a multibillion-dollar money laundering scheme. Plus, Google DeepMind has unveiled an artificial intelligence weather prediction model that outperforms traditional methods. Mentioned in this podcast:Donald Trump picks crypto enthusiast Paul Atkins for SEC chair‘Revenge cycle’: South Korean crisis highlights deep political divideUK uncovers vast crypto laundering scheme for gangsters and Russian spiesFrench parliament votes to oust Michel Barnier’s governmentGoogle DeepMind hits new milestone in AI weather forecastingThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The French government will face a no-confidence vote on Wednesday, South Korea’s president said he will lift his martial law order, and cryptocurrency ‘memecoins’ are having a moment. Plus, deaths in Africa’s Sahel region have risen since military juntas took over pledging to bring security in face of jihadi violence.Mentioned in this podcast:Michel Barnier ‘method’ at risk in raucous French parliament South Korea’s Yoon says he will lift martial law order Military juntas in Africa’s ‘coup belt’ fail to contain extremist violence Squirrels, dogs and pygmy hippos: crypto’s multibillion-dollar ‘memecoin’ boom The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chief executives at Intel and Stellantis stepped down, OpenAI is considering including advertising in its artificial intelligence products and the US unveiled new export controls in an effort to curtail China’s semiconductor industry. Plus, how Shanghai’s ambition to be the ‘future of finance’ fell apart.Mentioned in this podcast:Intel chief Pat Gelsinger quits with US chipmaker in crisisWhy Stellantis’ chief executive Carlos Tavares was axedOpenAI explores advertising as it steps up revenue driveUS hits China’s chip industry with new export controls How Shanghai’s ambition to be the ‘future of finance’ fell apartThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US government lawyers are clamouring for jobs at corporate law firms ahead of Donald Trump taking office, and Hizbollah declares victory against Israel despite undergoing the most devastating battering in its history. Russian and Syrian warplanes intensify attacks on rebels, and Airbus struggles to capitalise on rival Boeing’s difficulties. Plus, in Ireland, the incumbent Fianna Fáil and Fine Gael appear on track to form a fresh coalition.  Mentioned in this podcast:Government lawyers flock to corporate jobs as Trump threatens mass layoffs What's next for Hezbollah? Lebanon’s displaced return to find ‘scorched earth’ after Israeli offensive Russian and Syrian warplanes seek to blunt rebel advance from Aleppo Airbus struggles to capitalise on rival Boeing’s difficulties Early election tallies suggest Fianna Fáil and Fine Gael set for fresh Irish coalition The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

French bond markets take a tumble, Russia threatens a hypersonic missile attack on Kyiv, and Ireland goes to the polls. Plus, Hong Kong’s crypto play.Mentioned in this podcast:Crime boss takes on Sinn Féin leader and Brussels veteran in Dublin electionHong Kong plans crypto tax break for hedge funds and billionaire familiesVladimir Putin threatens to turn Kyiv targets ‘to dust’French bond yields surpass Greece’s for first time as budget worries swirlThe FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Niamh Rowe, Fiona Symon, Sonja Hutson, Ethan Plotkin, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Vivendi prepares to spin off Canal+ for a London listing. Christine Lagarde says trade wars threaten global GDP. Sir Alex Younger, former head of UK’s MI6, discusses Tulsi Gabbard, Donald Trump’s proposed director of national intelligence. Plus, Adani Group’s infrastructure projects in Kenya hit a roadblock.Mentioned in this podcast: London’s snaring of France’s Canal+ to revive moribund listing market‘Adios Adani!’ Bribery charges threaten group’s Africa ambitionsThe FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Ethan Plotkin, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israeli and Lebanese leaders agree to a ceasefire, and Mexico hits back at US president-elect Donald Trump’s tariff plans. Plus, President Joe Biden is rushing to cement his legacy during his final weeks in office, and Russia’s rouble has plummeted to its lowest rate against the dollar since the first weeks of its full-scale invasion of Ukraine. Mentioned in this podcast:Ceasefire deal reached in Israel-Lebanon war Mexico hits back as Trump’s tariff threat shakes markets Biden aims to Trump-proof his legacy with policy blitz in final daysRouble slides as new Russian sanctions stifle foreign tradeThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, and Robert F Kennedy Jr’s nomination for top health role is concerning the pharmaceutical industry. Plus, Italy’s UniCredit has launched a €10bn takeover bid for domestic rival Banco BPM, Brussels is planning to force Chinese companies to transfer intellectual property in return for EU subsidies and TikTok is creating an unlikely frontrunner in Romania’s presidential race. Mentioned in this podcast:US special counsel Jack Smith moves to drop criminal cases against Donald TrumpBiotechs test IPO market despite concerns over Robert Kennedy’s health roleUniCredit makes €10bn offer for Italian rival Banco BPM EU to demand technology transfers from Chinese companiesHow a pro-Putin TikTok star topped Romania’s presidential poll The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Huawei is poised to launch its first flagship phone that can run its own apps, and Donald Trump’s nominee to run the Treasury is seen across Wall Street and Washington as a pragmatic pick. COP29 has produced a new global finance deal against considerable odds, and the FT’s Michael Stott warns that the US is being eclipsed by China in Latin America. Mentioned in this podcast:Huawei to launch flagship smartphone with breakthrough software ‘Sigh of relief’: Wall Street welcomes Donald Trump’s pick of Scott Bessent for Treasury secretaryClimate multilateralism clings on, just Joe Biden loses to Xi Jinping in battle for Latin AmericaCredit: BBC, APThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Michael Clemens of George Mason University is an expert on the economics of migration, and a scholar of its history. With the newly elected President Trump promising to deport millions of immigrants, we thought it was the perfect time to talk about what illegal immigrants mean to the present economy and, more pressingly, what an economy without them might look like.If you want to learn more about The Economics Show with Soumaya Keynes, click here. New episodes available on Apple, Spotify, Pocket Casts or wherever you listen. Hosted on Acast. See acast.com/privacy for more information.

Donald Trump mostly nominated mainstream conservatives to his first cabinet after the 2016 election. Some high-level appointees back then barely knew Trump, but this time around, he’s selected close allies and loyalists. The FT’s deputy Washington bureau chief Lauren Fedor, and Trump’s short-tenured former communications director Anthony Scaramucci join this week’s Swamp Notes to discuss what Trump’s picks say about how his new White House will operate.Mentioned in this podcast:Lutnick and Bessent’s battle for Treasury secretary turns bitter as Trump expands fieldDonald Trump’s alarming picks for governmentThe life and tastes of Anthony ScaramucciSign up for the FT’s Swamp Notes newsletter hereCheck out the latest episode of Anthony Scaramucci’s podcast, “The Rest is Politics - US”Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Matt Gaetz has withdrawn his name from consideration for US attorney-general, and billionaire Gautam Adani faces charges over an alleged scheme to bribe Indian officials. The International Criminal Court has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, and FT economics columnist Chris Giles unpacks just how much tariffs will increase prices in the US.  Mentioned in this podcast:Matt Gaetz withdraws as Trump’s nominee for attorney-general Indian billionaire Gautam Adani charged in US over alleged $250mn bribery schemeICC issues arrest warrant for Israeli PM Benjamin Netanyahu Tariffs and taxes are not very inflationaryThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s third-quarter revenue almost doubled from a year ago, and UK inflation accelerated in October as energy prices rose. Disgraced Archegos founder Bill Hwang is sentenced to 18 years in prison for fraud, and China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a trade war.Mentioned in this podcast:Nvidia revenue nearly doubles as AI chip demand remains strong UK inflation accelerates sharply to 2.3% in October More growth, inflation and uncertainty: the BoE’s Budget verdictArchegos’s Bill Hwang sentenced to 18 years in prison China arms itself for potential trade war with Donald TrumpThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bridgewater is joining forces with State Street’s asset management arm to offer an ETF, Ukraine has struck a military target inside Russia using US-made long-range missiles for the first time, and Walmart’s third-quarter revenue beat forecasts. Plus, Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks. Mentioned in this podcast:Bridgewater opens strategy to retail investors through State Street ETFUkraine strikes Russia with US-made long-range missiles for first time Walmart raises guidance as it beats third-quarter forecasts Asian arms makers lead defence stock rally in bet on global rearmament Thames Water dumps 104bn litres of sewage ahead of new tunnel opening  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel says it struck a “specific component” of Iran’s nuclear programme last month, and US business leaders are warning Donald Trump’s deportation plan could create mass labour shortages. Vanguard’s retail shareholders can now vote for profit over ESG issues, and Chinese tech companies are building AI teams in Silicon Valley, despite Washington’s sanctions.Mentioned in this podcast:Netanyahu says Israel hit ‘specific component’ in Iran’s nuclear programme last month Business owners warn Donald Trump’s deportation plan could shut them downVanguard says shareholders can vote for profits over ESG issuesChinese tech groups build AI teams in Silicon ValleyHuel profits surge as meal replacement maker broadens fan base The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-made long-range missiles, and the world’s largest economies are gathering in Brazil for a G20 summit overshadowed by Donald Trump. The US dollar is rallying, as markets expect that the next administration will reignite inflation. Meanwhile, the president-elect’s tariff proposals have sent European markets tumbling. Plus, offshore oil is back.Mentioned in this podcast:Biden allows Ukraine to strike Russia with US-made long-range missiles Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’European stocks lag US by record margin as ‘Trump trade’ bites Donald Trump victory threatens to throw G20 initiatives into disarray Offshore oil is back. At what cost?The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Who will corporate America's winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump administration will bring to three crucial sectors: Wall Street, tech and energy.This is an episode of the Financial Times podcast Behind the Money. If you like what you hear, click here to listen to more episodes.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Can the renewables boom withstand Trump?A Wall Street giddy over Trump should remember historyWho’s who in the Musk ‘A-team’ vying to shape Trump 2.0Trump 2.0: winners, losers and Elon- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Brooke Masters (@brookeamasters), Stephen Morris (@sjhmorris), Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Democratic party is hardly monolithic. But if there’s one thing that’s kept it together over the past decade, it’s been a shared opposition to Donald Trump. Now that Trump is returning to the White House, how will the party try to win voters back? The FT’s deputy Washington bureau chief Lauren Fedor and US national editor and columnist Ed Luce join this week’s Swamp Notes podcast to discuss how the Democrats are thinking about the future. Mentioned in this podcast:‘They don’t understand my life’: what the Democrats misread about AmericaHow the Democrats can win in 2028Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, and the FT’s Katie Martin explains why the post-election excitement around crypto comes down to vibes and vision. Plus, Disney’s earnings jumped 39 per cent, and Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade.Mentioned in this podcast:FTC to investigate Microsoft over cloud dominanceBitcoin’s big bang moment is impossible to ignore ‘Deadpool & Wolverine’ drives earnings revival at Disney Warren Buffett’s Apple share sales and cash pile spark intrigue over motives  The Onion to acquire Infowars out of bankruptcyThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Republican John Thune will be the next leader of the Senate, and the president-elect gets to work filling out his cabinet. Plus, US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates next month. Plus, activist investor Effissimo Capital Management has taken a stake in struggling carmaker Nissan.  Mentioned in this podcast:John Thune elected to Senate leadership in rebuke to Trump allies Donald Trump picks Matt Gaetz as attorney-generalDonald Trump taps Fox News host Pete Hegseth for defence secretary  US inflation rises to 2.6% Nissan shares jump after activist investor takes stake The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s ‘hush money’ case has been paused, Ukraine has been building on its ‘victory plan’ for his incoming administration and SoftBank reported that it is profitable again. Plus, Wall Street has loaned billions of dollars to a niche group of tech companies based on their possession of Nvidia’s artificial intelligence chips.Mentioned in this podcast:New York judge delays decision on Donald Trump’s ‘hush money’ sentencingUkraine seeks to win over Trump with natural resources and troop proposalsSoftBank returns to profit as Indian IPOs boost Vision Fund gainsWall Street frenzy creates $11bn debt market for AI groups buying Nvidia chipsThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Calendar year inflows in to exchange traded funds surpassed their previous full-year record at the end of October, and we look at how Donald Trump’s win ushers in a new era for Elon Musk. Plus, rival groups of bondholders are vying to extend loans to the troubled UK utility Thames Water. Mentioned in this podcast:Elon Musk’s gamble on Donald Trump pays offHow Thames Water became a battleground for hedge fundsETF flows smash full year recordThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s election victory has sent shockwaves across the renewable energy industry, and China has announced fiscal stimulus to bail out local governments. Bitcoin hit $80,000 for the first time as cryptocurrency investors anticipate looser regulations under Trump, and Argentina’s legal battles could complicate President Javier Milei’s attempts to fix the country’s struggling economy.  Mentioned in this podcast:Trump election victory deals blow to US clean energy industry  China unveils $1.4tn package to shore up economy Bitcoin hits high as Trump records clean sweep of seven swing states Litigation ‘tsunami’ breaks over Argentina’s President Javier Milei Credit: MARAThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy. Mentioned in this podcast:Wall Street rejoices as the bell tolls for Biden-era regulationEconomists warn Trump’s policies will trigger inflationBitcoin hits record above $75,000 as crypto industry celebrates Trump winSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stocks rallied after Donald Trump’s election victory, but the euphoria could be short-lived if his policies drive up inflation. Plus, German opposition leader Friedrich Merz has called for snap elections as early as January following the collapse of Olaf Scholz’s government, and Trump’s victory is set to cast a pall over the UN COP29 summit next week.Mentioned in this podcast:Risk assets rally but bond market views Donald Trump’s victory with cautionFederal Reserve cuts interest rates for second consecutive meeting German opposition leader Friedrich Merz calls for snap elections Trump victory seen as blow to climate action ahead of COP summit The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases. Mentioned in this podcast:US stocks hit record high after Donald Trump clinches victory Donald Trump elected US president in historic comeback Donald Trump unleashed: what a second term will bring European leaders vow to work with Donald Trump despite fearsGlobal economy prepares for the Trump ‘macro shock’   Trump’s tariff obsession is worse than before The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A divided US electorate made their choice at the polls yesterday, after candidates Kamala Harris and Donald Trump spent a combined $3.5bn in their race for the White House. Plus, Germany’s government is in talks on next year’s budget amid fears the coalition could collapse.  Mentioned in this podcast:US election 2024 live results: US voters make their choice in historically tight electionDonald Trump and Kamala Harris spend $3.5bn in most expensive presidential electionGerman vice-chancellor extends olive branch to avert coalition collapseThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the Nigeria-based fintech Moniepoint has gained “unicorn” status.Mentioned in this podcast:Dollar weakens as investors rein in bets on Trump victory Spain’s political leaders turn on each other over flood catastrophe US election 2024: a comprehensive guide to the presidential race  Nigeria-based fintech Moniepoint gains ‘unicorn’ statusCredit: AFPThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities, and the largest US companies are facing two starkly different financial futures after the election. The UK Conservative party elects right-wing Kemi Badenoch as leader, and share prices of clean hydrogen companies have collapsed due to delayed projects and dwindling demand. Mentioned in this podcast:China piles pressure on rich people and companies to cough up taxes What’s at stake in US election? $250bn in taxes for corporate AmericaKemi Badenoch wins Conservative party leadership race US and European hydrogen stock prices collapse as prospects deflate The FT Alphaville pub quiz returns to New York City this November   The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In a campaign full of twists and turns, one thing has stayed surprisingly steady: the polls. On this final pre-election episode of Swamp Notes, the FT’s senior data journalist Oliver Roeder and deputy Washington bureau chief Lauren Fedor explain why the polls have barely budged this cycle, and how Donald Trump and Kamala Harris are motivating their voters in the race’s final days. Mentioned in this podcast:One week to go: what is the state of the US presidential race?What the polls can’t tell us about America’s electionTrump rally’s Puerto Rico slur lands with a thud in Pennsylvania‘Behind the Money’: US election betting is on a rollSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple reported solid revenue growth in the past quarter, and investors are worried about the additional borrowing set out in UK chancellor Rachel Reeves’ Budget. The US warned that North Korean troops are expected to enter combat alongside Russia’s army in the coming days, and Spain is set to become the world’s fastest-growing major advanced economy this year. Mentioned in this podcast:Apple’s revenue beats Wall Street expectations on higher iPhone sales UK borrowing costs hit highest level this year after BudgetUkraine and US warn Kyiv’s troops could face North Korean forces ‘in days’ Spanish growth soars as Eurozone stumblesThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Microsoft’s quarterly revenue rose 16% on strong cloud computing demand, the UK’s Labour party reveals bold tax increases and borrowing, and the US economy grew at an annualised rate of 2.8% in the third quarter. Plus, critics cry foul over a proof of citizenship law in Arizona. Mentioned in this podcast:Microsoft’s revenue beats estimates on strong cloud demand from AI boom Rachel Reeves announces £40bn tax increase in UK Budget Arizona’s proof of citizenship complicates voting in US swing state US GDP rose at a 2.8% rate in third quarter on strong consumer spending Play the FT’s Budget game: https://ig.ft.com/chancellor-game/ The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Katya Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Alphabet’s profit jumped 34 per cent in the third quarter, and Israel’s parliament approved legislation on Monday that will ban a UN agency for Palestinian refugees from operating within Israeli territory. The US and Taiwan are preparing to negotiate a new tax agreement, and mobile chip designer Arm may try to rival Nvidia. Mentioned in this podcast:Google’s profits beat expectations on strong cloud computing growthIsraeli parliament passes law banning UN Palestinian refugee agency US and Taiwan set for talks to end double taxation for companies The rise and rise of Arm Giant African rats join crackdown against illegal wildlife tradeThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

PwC’s business in Asia contracted sharply in the past year, Boeing announced a $19bn share sale to help avoid a credit rating downgrade, and Volkswagen plans a massive restructuring that includes shutting at least three German plants. Plus, fears of violence have left some US election boards struggling to hire poll workers. Mentioned in this podcast:PwC loses market share in Asia Boeing launches $19bn share sale to bolster finances and avoid downgrade Volkswagen plans to close at least 3 German plants and cut thousands of jobs US polling places struggle to find workers after surge in threats The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran has signalled that it will pursue a measured response to Israel’s latest strikes, and Georgia’s opposition has called for protests after the ruling Georgian Dream party claims victory. Plus, the possibility of Donald Trump’s trade war has hit the shares of export-sensitive European companies, and large investment funds are being forced to offload their shares in tech companies, or risk breaking US tax rules. Mentioned in this podcast:Iran’s supreme leader signals measured response to Israel’s attack Vladimir Putin’s battle to keep Georgia in Russia’s orbitGeorgia’s opposition calls for protests as election outcome is disputed European stocks hit by ‘Trump effect’ as odds tilt towards Republican win Tech boom forces US funds to dump shares to avoid breach of tax rules  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

With the election just over a week away, Swamp Notes visited the University of Michigan to recap the final FT-Michigan Ross poll. Swamp Notes host Sonja Hutson is joined by the FT’s US managing editor Peter Spiegel, and Erik Gordon and Francine Lafontaine of the University of Michigan’s Ross School of Business to examine the poll results and explain why the economy remains top-of-mind for voters. Mentioned in this podcast:Donald Trump takes lead over Kamala Harris on US economy in final FT pollSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla shares leapt 22% after Elon Musk predicted an electric vehicle sales rebound, and Russia’s pitch for a US dollar alternative failed to excite Brics leaders. Plus, a major change to the open source technology model could be coming. Mentioned in this podcast: Tesla shares leap 22% after Elon Musk predicts sales rebound Vladimir Putin’s alternative to ‘weaponised’ dollar fails to excite Brics partners The bill is coming for tech’s open source free lunch The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Boeing’s machinists voted on Wednesday to reject the company’s latest offer and the US has finalised long-awaited ‘open banking’ rules, hoping it will inject more competition into the market. Plus, Deutsche Bank reported a record third-quarter profit and artificial intelligence start-up Anthropic has built a virtual agent that can perform tasks on a computer.Mentioned in this podcast:Striking Boeing machinists reject offer as stand-off nears 6 weeksUS rolls out ‘open banking’ rules to make sharing financial data easier Open banking challenges America’s cozy lenders’ club Deutsche Bank warns of rising bad loan provisions Anthropic says latest AI model can control users’ computers The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Deloitte has cut about 250 UK employees and HSBC’s chief executive has announced an overhaul of the bank. The IMF has warned global protectionism will endanger the world’s growth outlook, as a possible Donald Trump victory in the US election raises the prospect of tariff increases. Plus, South Korea has called on Russia to stop the deployment of North Korean troops to fight in Ukraine.Mentioned in this podcast:Deloitte axes 250 UK employees in performance-related cull HSBC chief Georges Elhedery unveils sweeping overhaul of lenderTariff surge would damage global growth, IMF warnsSouth Korea asks Russia to stop apparent North Korean troop deployment Go to ft.com/briefingsale for 50% off a digital standard subscriptionThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Share buybacks on mainland China’s biggest exchanges have soared to a record high this year, and Israel has attacked an Hizbollah-affiliated financial institution in Lebanon. Plus, Disney has appointed former Morgan Stanley boss James Gorman as its new chair, and a trip to America’s third-biggest shopping mall offers answers to what’s really going on in the US election. Mentioned in this podcast:Israel strikes Hizbollah-linked lender in LebanonDisney sets new timetable to replace Bob Iger as chiefFour economic truths that explain the US’s bizarre electionChinese share buybacks hit record high as Beijing steps up supportChanel dips oar into sport with Oxford-Cambridge boat race tie-upThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Trading in the world’s second-largest IPO of 2024 begins on Tuesday, but retail investors have given a lukewarm reception to Hyundai Motor India’s listing. A coalition of oil-producing African countries is seeking $5bn to fund projects on the continent, and Boeing’s largest labour union will vote on Wednesday whether to end a costly strike. Uber has explored a possible bid for Expedia, in what would be the company’s largest acquisition. Plus, Elon Musk pledges to pay $1mn per day to random registered voters who sign his petition. Mentioned in this podcast:Boeing workers to vote on ending strike in critical week for plane maker Uber explored takeover bid for Expedia African countries seek $5bn for new fossil fuel project lenderIndian investors give short shrift to Asia’s biggest IPO of 2024Elon Musk criticised for offering $1mn prizes to voters who sign petition The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The 2020 US election was one of the most contested in American history, and it culminated in an unprecedented attack on the US Capitol building by supporters of Donald Trump. FT data journalist Eva Xiao and US legal correspondent Joe Miller join this week’s Swamp Notes podcast to explain how Trump and his allies are preparing to challenge the 2024 vote, and what election officials around the country are doing to prepare.Mentioned in this podcast:How Trump allies are sowing election doubts‘There are bad actors’: Trump’s nemesis fights to protect Georgia’s voteAmerica’s dead-heat Trump-Harris electionSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone. Mentioned in this podcast:Hamas leader Yahya Sinwar killed in Gaza, Israel says ASML shares drop sharply after warning on semiconductor recoveryNvidia shares hit record as US ‘soft landing’ hopes drive tech rebound TSMC profits jump 54% on back of AI chip boom  ECB lowers rates to 3.25%Optimism builds on South Africa’s ‘second miracle’ coalitionThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rights groups say Israel appears to be implementing a controversial plan to force Hamas into submission by laying siege to the north of Gaza. BHP’s chief executive met government officials in South Africa last week, fuelling speculation that the miner will resurrect its failed bid for rival Anglo American. Plus, the downfall of once-hyped genetic testing company 23andMe, and Prada launches in to spacesuit design. Mentioned in this podcast:More than 100 killed in Nigeria fuel tanker explosion Israel ‘starting to implement’ north Gaza starvation plan, say rights groups BHP chief sparks fresh Anglo bid speculation after South Africa trip  Founder Anne Wojcicki races to rescue 23andMePrada launches into spacesuit design  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in ASML led a tech rout on Nasdaq on Tuesday after the chipmaker warned of a slower recovery in the semiconductor market, and Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn, boosted by its equity trading business. Asian battery makers are racing to develop new generations of superfast charging for electric vehicles, and a growing list of cash-strapped companies are deferring loan repayments to private credit funds.Mentioned in this podcast:ASML shares drop sharply after warning on semiconductor recovery Corporate debts mount as credit funds let borrowers defer payments Battery makers aim to ease EV anxieties with 5-minute chargeGoldman Sachs profits jump 45% to $3bn after trading boostCitigroup and BofA join other big US banks in beating gloomy forecastsThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI is considering a largely untested company model to protect chief executive Sam Altman from outside interference, and virtually all global insurers now include at least one low-carbon transition goal within their investment plans. Millions of dollars in bets are being placed on the US presidential election following the lifting of a domestic betting ban last week. Plus, China’s deflationary pressures picked up in September with weaker than expected consumer and factory prices, and the 2024 Nobel Prize for economics has been awarded to a trio of academics for their work on global inequality. Mentioned in this podcast:OpenAI pursues public benefit structure to fend off hostile takeovers China deflation pressure mounts as investors seek more stimulus for economyUS election bets surge after court lifts ban Trio of economists wins Nobel Prize for work on wealth of nations  Rethinking the AI boom, with Daron Acemoğlu Insurers embrace climate change investments as catastrophe costs mountThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russia has expanded the capacity of its shadow fleet of oil tankers despite western sanctions, and US bank stocks hit their highest level since before the collapse of Silicon Valley Bank on Friday, following better than expected quarterly earnings. Plus, the Eurozone’s weak economic growth and sluggish consumer prices have raised concerns about low inflation, and Argentina’s president Javier Milei is not ready to lift the country’s currency controls.Mentioned in this podcast:Russia’s shadow fleet grows despite western crackdown US bank stocks pass pre-SVB high on hopes for economic ‘soft landing’ Spectre of low inflation returns to haunt Eurozone policymakers Argentina’s Javier Milei says his ‘regime of freedom’ not ready to drop currency controlsMusk’s SpaceX catches returning booster rocket in technical milestone The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Both chambers of the US Congress are like the country they represent: narrowly divided. But while Democrats currently hold a one-seat Senate majority, Republicans are increasingly confident that they’ll take back control of the chamber after the election next month. The FT’s Washington bureau chief, James Politi, and the Cook Political Report’s Senate and Governors editor, Jessica Taylor, join this week’s Swamp Notes to explain why this year’s Congressional map looks so good for Republicans. Mentioned in this podcast:Joe Manchin will not seek US Senate re-election in blow to DemocratsDonald Trump-backed US Senate candidate clinches Republican nomination in OhioSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The French government has proposed a budget for next year with some €60bn worth of spending cuts and tax increases, and Hurricane Milton ploughed across Florida on Wednesday. US inflation fell to 2.4 per cent in September. Plus, we look ahead to Japan’s early elections later this month. Mentioned in this podcast:French PM unveils shock therapy in 2025 budgetUS inflation fell to 2.4% in SeptemberHurricane Milton leaves millions without power after lashing FloridaJapan’s new prime minister pledges to tackle deflation in first policy speechSpanish star Rafael Nadal calls time on glittering tennis careerCREDIT: BBCThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

HSBC’s top-paid bankers to bear the brunt of cost-cutting restructuring, and the UK Conservative party leadership race has been whittled down to two rightwingers. Plus, Germany’s economy is expected to shrink, and the US government is considering seeking the break-up of Google to end its monopoly in search. Mentioned in this podcast:US weighs Google break-up in landmark antitrust caseJenrick vs Badenoch: Meet the next Conservative leader Germany expects economy to shrink in 2024 after cutting forecast Expensive senior bankers to bear brunt of HSBC restructuring  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The head of KPMG US says the industry urgently needs to make it easier to become an accountant, and the EU is suing Hungary’s government over a new security law it says is in breach of citizens’ fundamental rights. Plus, India races to extract as much oil as possible while there remains a market for crude. Mentioned in this podcast:KPMG US head says the industry urgently needs to make it easier to become an accountant  India in rush to boost oil production before energy transition EU sues Hungary over new security law  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big bank bosses join a growing list of prominent financiers expected to skip COP29 next month, and Spain proposes a new mechanism to help harmonise the EU’s capital and credit markets. Plus, activist investor Starboard Value has built a $1bn position in struggling drugmaker Pfizer, and tens of thousands of striking machinists are threatening Boeing’s recovery. Mentioned in this podcast:“You only go to the party if everyone is going”: finance bosses shun COP29 Spain to propose mini-coalitions to break EU capital markets stalemateActivist investor Starboard builds $1bn stake in drugmaker Pfizer   ‘They’re just mad’: Boeing strikers prepare for long haulThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A new report forecasts that Donald Trump would raise the US debt by twice as much as Kamala Harris, and Elon Musk’s SpaceX is quietly opening up a new front in a global battle over a scarce and precious resource: radio spectrum. Plus, US partners at accounting firm EY have been told their pay for 2024 will be deferred, and a year after the October 7 attacks, international criticism of the Gaza war has led many Israelis to retreat inwards. Mentioned in this podcast:Donald Trump would raise the US debt by twice as much as Kamala Harris, report finds EY to hold back some pay from US partners after tough year The year that changed Israel   The satellite spectrum battle that could shape the new space economyThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Biden administration has tried and failed to contain fighting in the Middle East over the past year - and now, the conflict is close to spiralling into all-out war. The FT’s US foreign affairs and defence correspondent Felicia Schwartz and US political news editor Derek Brower join this week’s Swamp Notes to explain what Kamala Harris and Donald Trump are telling voters they’ll do to end the conflict. Credit: USA Today  Mentioned in this podcast:Israel and Iran have just delivered the US election’s ‘October surprise’Benjamin Netanyahu’s ‘rope-a-dope’ war strategy with White HouseOil surges after Joe Biden’s comments on Israeli retaliationSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A strike that closed US east and Gulf coast ports will be suspended, and market reaction to escalations in the Middle East remains minimal. Plus, Italy’s government will raise more taxes from companies earning windfall profits, and luxury group LVMH will become a top sponsor of car-racing franchise Formula One.Mentioned in this podcast:US dockworkers suspend strike that threatened to cripple portsItaly seeks to raise more windfall taxes from companies The market reaction to global tensions might not follow the old scriptLVMH strikes sponsorship deal with Formula 1 Go to ft.com/briefingsale for 50% off a digital standard subscriptionCredit: CNBC, LVMHThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK house sales rise at the fastest rate in three years, mass displacement in Lebanon risks overwhelming a country battered by economic crises, and Brussels intends to postpone a controversial EU anti-deforestation law for a year following a backlash. Plus, two-thirds of all new solar and wind power projects are based in China. Mentioned in this podcast:UK house sales rise at fastest pace in three years, data shows China’s accelerating green transitionEU moves to delay anti-deforestation rules Lebanon’s broken state struggles with 1mn displaced  50% off an FT standard annual digital subscription: ft.com/briefingsaleThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran fires missiles at Israel, hours after the IDF launches a ground offensive in Lebanon. France’s new Prime Minister Michel Barnier announced tax rises on large companies and the wealthy, and US business groups warned of economic ‘paralysis’ after tens of thousands of dockworkers went on strike. Plus, investors are seeking to profit from the uncertainty over the outcome of the US presidential race. Mentioned in this podcast:Iran launches missile attack against Israel French premier Michel Barnier announces tax rises and spending cuts US economy faces ‘paralysis’ before election as dockworkers go on strike Investors turn to volatility trades to profit from tight US election Until 24th October, save up to 50% on a standard annual digital subscription at ft.com/briefingsale The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SoftBank will invest $500mn into OpenAI as part of a fundraising round that will give the start-up a $150bn valuation, and Chinese equities post their best day since the 2008 global financial crisis. Plus, new data suggests artificial intelligence start-ups are bringing in revenues at an unprecedented rate, and South Korean exporters are struggling to compete with a glut of goods from Chinese rivals. Mentioned in this podcast:SoftBank to invest $500mn in OpenAI AI start-ups generate money faster than past hyped tech companiesChinese stocks surge 8.5% in best day since 2008 From steel to kimchi, South Korean exporters face flood of Chinese rivalsGo to ft.com/briefingsale for 50% off a digital standard subscriptionThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the wake of Hassan Nasrallah’s death, Hizbollah looks for a way forward, and French far-right leader Marine Le Pen goes on trial for allegedly embezzling EU funds. Peter Thiel’s venture capital firm is backing a nuclear start-up aimed at fueling artificial intelligence, and a handful of high frequency trading firms have seized market share from traditional investment banks. Mentioned in this podcast:What's next for Hizbollah?  Marine Le Pen goes on trial over EU expenses scandal Peter Thiel’s Founders Fund backs nuclear fuel start-up New titans of Wall Street: How trading firms stole a march on big banks Go to ft.com/briefingsale for 50% off a digital standard subscriptionThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Voters consistently tell pollsters that economic issues are their top electoral concern. Kamala Harris and Donald Trump have spent the past few weeks honing their economic messages — and they couldn’t be more different. The FT’s US managing editor, Peter Spiegel, and Washington bureau chief, James Politi, join to explore how each candidates’ plan would impact the country.Mentioned in this podcast:Trumponomics: the radical plan that would reshape America’s economyKamala Harris sets out pro-business economic philosophy in swing-state speechSign up for the FT’s Swamp Notes newsletter hereSign up for our free, pop-up newsletter The Best of Lunch with the FT, running until November 17Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: MSNBC, Fox NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK chancellor Rachel Reeves may backtrack on a key tax plan, Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude, and Citigroup announced a $25bn deal with Apollo to lend to private equity groups and low-rated US companies. Plus, Palestinian villagers in the West Bank are experiencing heightened violence after Hamas’s devastating October 7 assault on Israel.Mentioned in this podcast:UK chancellor ready to water down planned tax raid on wealthy foreignersSaudi Arabia ready to abandon $100 crude target to take back market shareCiti turns to Apollo for $25bn private credit pushHow extremist settlers in the West Bank became the lawThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI’s chief technology officer is leaving the company, major banks pledge to increase their support for nuclear energy, and hopes of an M&A comeback rise as global companies pursue blockbuster takeovers. Plus, a surge in female labour force participation emerges as a bright spot for Saudi Arabia. Mentioned in this podcast:OpenAI’s chief technology officer Mira Murati to leave  Big corporate predators bolster global M&A market  The Saudi factories powered by women World’s biggest banks pledge support for nuclear power The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Department of Justice has filed an antitrust lawsuit against Visa, China has unleashed a swath of stimulus measures to jump-start growth and the incoming CEO at Trafigura signals a new era for the trading house. Plus, Sri Lanka has a new leftwing president who has promised a fresh start for the country.Mentioned in this podcast:US antitrust lawsuit accuses Visa of using dominance to shut down rivals China unleashes stimulus blitz to lift growthTrafigura set to name Richard Holtum as chief executive Sri Lanka swears in leftist election winner as president amid concerns over IMF deal The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US proposed effectively banning Chinese cars, German Chancellor Olaf Scholz came out against a UniCredit takeover of Commerzbank and Israel carried out hundreds of airstrikes in Lebanon. Plus, UK Prime Minister Keir Starmer will try to turn around the Labour party’s mood during a speech at the party conference. Mentioned in this podcast:US proposes banning Chinese software and components in vehicles Israeli strikes kill more than 490 in Lebanon, says health ministry Olaf Scholz says Germany opposes a Commerzbank takeover Keir Starmer faces 2 challenges in Liverpool The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Olaf Scholz’s SPD narrowly fends off the AfD in Brandenburg’s state election, and chipmaker Qualcomm approaches Intel about a potential takeover. AI search engine Perplexity mounts an ambitious effort to break Google’s stranglehold over the $300bn digital ads industry. Plus, a strike at three dozen US ports could upend supply chains and raise prices just weeks before Election Day.Mentioned in this podcast:Germany’s SPD leads far right in Brandenburg election Perplexity in talks with top brands on ads model as it challenges Google Qualcomm approached Intel about takeover bid in recent days The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Republican presidential nominee Donald Trump and his running mate senator JD Vance have spent the past few weeks pushing a false claim that Haitian migrants in Springfield, Ohio are eating residents’ pets. The FT’s US national editor, Ed Luce, and New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to discuss why misinformation is a powerful electoral strategy and whether the truth matters to voters. Mentioned in this podcast:‘It’s ugly’: Donald Trump’s Haitian pet-eating claim fractures Ohio cityTrump, Vance and American blood and soilSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: ABC News, CNNRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The S&P 500 hit a record high, Europe’s biggest hope for dominance in EV batteries is struggling to hang on and the Bank of England held interest rates steady. Plus, the FT’s Brooke Masters explains why customers are getting fed up with airline loyalty programmes. Mentioned in this podcast:S&P 500 hits new record after Fed makes jumbo cut to US interest rates Europe’s great battery hope Northvolt fights for survivalBank of England holds rates at 5% The fury of the frequent flyer  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve’s interest rate easing began with a half-point cut, and the UK’s financial watchdog has stepped up pressure on banks to offer more attractive interest rates on deposits. The FT’s Mehul Srivastava unravels the supply chain behind the pagers that exploded in Lebanon this week. Mentioned in this podcast:Federal Reserve cuts rates by half a point and signals era of easing has begun UK regulator pushes banks to give savers better value even as rates fallFrom Taipei to Budapest: the mysterious trail of exploding pagers London and New York cocoa prices in rare divergence as shortages bite The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

BlackRock and Microsoft are launching a $30bn data centre fund to meet the growing demands of artificial intelligence, and BP puts its onshore US wind business up for sale. Meta is making teenagers’ Instagram accounts private by default and EU competition chief Margrethe Vestager speaks to the FT about her efforts to regulate in Big Tech. Mentioned in this podcast:BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure BP puts $2bn US onshore wind business up for sale Instagram to make teenagers’ profiles private by defaultVestager warns EU against weakening merger rules   The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU is preparing to provide up to €40bn in new loans for Ukraine by the end of the year, and Boeing is considering temporary furloughs as its machinists continue to strike. The company behind ChatGPT is launching a new product it claims can solve complex mathematical and scientific problems. Plus, former European Central Bank president Mario Draghi launches a master plan to boost EU competitiveness.Mentioned in this podcast:EU plans to raise up to €40bn in loans for Ukraine without US Boeing considers furloughs amid machinist strike OpenAI launches AI models it says are capable of reasoning Will Mario Draghi’s masterplan get the momentum it needs?The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Both the Federal Reserve and the Bank of England are set to announce interest rate decisions this week. In China, venture capital finance has dried up amid political and economic pressures. Plus, Indonesian palm oil producers warn of global supply chain disruption if the EU bans imported commodities linked to deforestation.Mentioned in this podcast:Jay Powell’s big weekHow China has ‘throttled’ its private sectorIndonesia warns of ‘chaos’ from EU deforestation law  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Persis Love, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

On this week’s special episode of Swamp Notes, four FT journalists discuss the historic first debate between Kamala Harris and Donald Trump, and answer all your most-pressing questions about the US presidential race. The FT’s US managing editor, Peter Spiegel, moderates the discussion alongside deputy Washington bureau chief, Lauren Fedor, global business columnist, Rana Foroohar, and chief foreign affairs columnist, Gideon Rachman. Mentioned in this podcast:Kamala Harris has passed a big testKamala Harris needles Donald Trump in fiery presidential debateSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and the FT Live team.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors snapped up consumer staples such as Coca-Cola and Colgate-Palmolive amid concerns over a potential slowdown in the US economy. Abu Dhabi’s oil company Adnoc could offer €14.4bn for German chemical group Covestro, and the European Central Bank cut interest rates to 3.5 per cent. Plus, people in Los Angeles are encouraged to park their car obsession ahead of the 2028 Olympics, and amateur astronauts completed the first private spacewalk. Investors pile into Coca-Cola and Colgate as recession fears grow Abu Dhabi closes in on German group that helped ‘invent chemistry’ ECB cuts interest rates to 3.5% Can LA end its love affair with cars? Astronauts complete first private spacewalk  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Peter Wells, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Italian lender UniCredit has amassed a 9 per cent stake in Commerzbank, and US inflation fell to 2.5 per cent in August. Plus, Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty and Mexico’s Senate approved a radical plan to have voters elect all its judges. Mentioned in this podcast:US inflation falls to 2.5% in AugustUniCredit’s push for European bank consolidation looks on targetJavier Milei’s tax amnesty lures Argentines to declare hidden millionsMexico’s Senate approves radical plan to elect all judges The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU’s top court orders Apple to pay €13bn in back taxes, and the Federal Reserve halves its proposed capital requirement increase for the largest US banks. Plus, we talk to the FT’s Benjamin Parkin about the Taliban’s warming relations with a growing number of regional powers. Mentioned in this podcast:Top EU court rules Apple must pay €13bn in back taxesFederal Reserve halves proposed capital requirement rise for largest US banks  Taliban’s closer ties with UAE signal global divide over Afghan regimeThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple launches the iPhone 16 with generative AI features, and France’s new PM needs more time to submit the country’s debt plans. Kamala Harris is under pressure to perform in tonight’s debate against Donald Trump. Plus, Intel’s plunging share price and manufacturing troubles shatter its hopes for a turnaround.Mentioned in this podcast:Apple launches iPhone 16 with AI features to roll out in coming months France asks EU for more time to submit debt planKamala Harris faces crucial debate as polls hint at slipping momentumIntel in crisis: chipmaker considers drastic change to catch AI rivals   The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives.Mentioned in this podcast:AI exuberance masks broad weakness in tech sector, say investors Star manager Rob Arnott launches ETF to buy up index ‘rejects’ Google’s $20bn ad tech business to play for at next antitrust showdown Elon Musk’s China dream stalls as hybrids rush past Tesla The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats and Republicans have taken a protectionist turn on trade policy over the past few years. They say it’s to protect national security, but that argument doesn’t always hold up. Just look at this week’s announcement from vice-president Kamala Harris that she doesn’t support the purchase of US Steel by Japan’s Nippon Steel. The FT’s economics editor, Sam Fleming, and Washington bureau chief, James Politi, join this week’s Swamp Notes to explain why both parties are leaning into “Made in America”.Mentioned in this podcast:How national security has transformed economic policyJoe Biden set to block Nippon Steel’s takeover of US SteelSign up for the FT’s Swamp Notes newsletter hereRegister for our live subscriber webinar now at ft.com/uswebinarSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Emmanuel Macron has named the EU’s former Brexit negotiator Michel Barnier as France’s next prime minister. Plus, Europe’s sustainable investment funds double down on defence stocks, and Ukraine ​President Volodymyr Zelenskyy carries out his biggest wartime cabinet reshuffle yet.Mentioned in this podcast:Europe’s ESG funds more than double defence holdings amid Ukraine war Michel Barnier promises respect for ‘all political forces’ as French PM Zelenskyy seeks ‘new energy’ with Ukraine’s biggest wartime cabinet reshuffle The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Saffeya Ahmed, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts Mentioned in this podcast:Joe Biden set to block Nippon Steel’s takeover of US Steel Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand ‘Incompetence, dishonesty and greed’: Key findings of Grenfell report Egypt’s journey from gas bonanza to power blackouts CREDIT: APThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big tech groups including Nvidia led a broad US stock market sell-off on Tuesday, and Huawei’s AI chips are dealing with some bugs. Plus, US homebuilders are facing their biggest credit crunch in more than a decade, and foreign investors are backing out of Indian equities. Mentioned in this podcast:US homebuilders face credit crunch as banks cut lending Huawei’s bug-ridden software hampers China’s efforts to replace Nvidia in AI Global stocks slide as investors fret over US slowdown Foreign investors pull out of frothy Indian equity market The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Peter Wells, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK blocks some arms shipments to Israel, audit firms are fighting against new oversight rules in the US, and the same technology that brought us Covid-19 vaccines could also be used to fight cancer. Plus, the Oasis revival tour is so popular it triggered a UK investigation into Ticketmaster. Mentioned in this podcast:UK to halt exports of some arms to Israel citing possible law breaches External LinkThe Covid-era tech that could reinvent cancer careAccountancy firms fight back against audit reformsUK government to probe ‘dynamic’ pricing behind Oasis ticket price surgeThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Germany's far-right makes significant inroads in state elections, and Israel’s largest union calls for a general strike. Plus, so-called ‘greedlation’ becomes a campaign issue for the Democrats, and Hong Kong wants workers to smile more.Mentioned in this podcast: Alternative for Germany wins its first regional electionHostage deaths build pressure on Netanyahu for Hamas dealGreedflation and groceriesHong Kong service workers told to smile more to attract tourists The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Kamala Harris and Donald Trump have different approaches to the media: Trump talks a lot, and Harris talks a little. But the candidates share one thing in common: they’re both sceptical of mainstream outlets. The FT’s US managing editor, Peter Spiegel, and Los Angeles bureau chief, Christopher Grimes, join this week’s Swamp Notes to explain why. Mentioned in this podcast:Kamala Harris versus the media‘Way too much news’: US conservatives face a fragmented media mapSign up for the FT’s Swamp Notes newsletter hereRegister for our live subscriber webinar now at ft.com/uswebinarSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of the original episode on FT.com CREDIT: NBC News Hosted on Acast. See acast.com/privacy for more information.

Turkey’s stock rally hits reverse as juicy interest rates lure savers out of the market, and the FT’s Polina Ivanova explains how Telegram is a lifeline for both Russian and Ukrainian troops and civilians. Plus, Cornell University’s Eswar Prasad says Thailand could open a window into how central bank digital currencies might be used in future.Mentioned in this podcast:Turkey’s blazing stock rally falters with high rates luring savers awayWar unfiltered: how Telegram straddles the Ukraine fron tlineThailand may tell us a great deal about the future of moneyThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Prakriti Panwar, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s record-breaking earnings still somehow disappointed investors, China’s use of the renminbi in cross-border trading is at a record high, and Berkshire Hathaway becomes the first publicly traded US company outside of tech to be valued at $1tn. Plus, Ford’s big plans to boost profits continue to fall short.Mentioned in this podcast:Nvidia revenue more than doubles as demand for AI chips remains strongChina’s international use of renminbi surges to record highs Warren Buffett’s Berkshire Hathaway surges past $1tn market value Ford shares have stalled: can CEO Jim Farley steer out of its rut? The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, Chinese export controls on crucial semiconductor materials are starting to hit supply chains, and the fintech company Klarna plans to axe almost half of its staff in favour of artificial intelligence. Plus, Nasa is turning to Elon Musk’s SpaceX after Boeing’s Starliner, which was meant to bring two US astronauts home, suffered technical problems.Mentioned in this podcast:7-Eleven’s Japanese owner explores protected status to thwart foreign bidChina’s export curbs on semiconductor materials stoke chip output fearsKlarna aims to halve workforce with AI-driven gainsHow will Nasa return two US astronauts stranded in space?The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

French authorities detain Telegram’s chief executive as part of a content moderation investigation, which has reignited the debate about free speech online. Plus, oil prices reached a two-week high as Libya says it is shutting down oil production, and Grenada triggers a first-of-its-kind ‘hurricane clause’ to pause its debt repayments.Mentioned in this podcast:Oil hits 2-week high after Libya says it will shut down crude exports Grenada triggers ‘hurricane clause’ to suspend bond paymentsTelegram says detained founder Pavel Durov has ‘nothing to hide’  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel’s military launched a wave of air strikes in southern Lebanon on Sunday, small-dollar donations surged to Kamala Harris’s campaign after she replaced Joe Biden on the Democratic ticket, and the world’s largest aerospace and defence companies are set to rake in record levels of cash over the next three years. Plus, computer programming might be the first job function to be transformed by the latest wave of AI technology.Mentioned in this podcast:Top defence contractors set to rake in record cashIsrael launches strikes in LebanonKamala Harris spends 10 times as much as Trump on digital ad blitzKamala Harris raised four times as much cash as Donald Trump in JulyAI-powered coding pulls in almost $1bn of funding to claim ‘killer app’ statusThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats from across the US gathered in Chicago for their presidential convention this week, promising to move past the Donald Trump-era of American politics. But if their newly-minted nominee, vice-president Kamala Harris, wins November’s election, she’ll have her work cut out to keep her party together. The FT’s deputy Washington bureau chief, Lauren Fedor, and US political news editor, Derek Brower, join this week’s Swamp Notes from Chicago to explain what the future of the party might look like.Mentioned in this podcast:Five key points from Kamala Harris’s acceptance speechKamala Harris vows to ‘strengthen, not abdicate’ US global leadershipKamala Harris’s underwhelming economic agendaSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: PBS NewsHourRegister now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festivalRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Kamala Harris made a bid for national unity at a rapturous Democratic National Convention. Plus, all eyes are on Jackson Hole today, where the Fed will reveal how it will lower US interest rates without triggering a recession. Meanwhile, investors are hedging their bets on these cuts coming soon, sending gold soaring. Mentioned in this podcast:Kamala Harris pitches unity message as she makes her case to American voters Gold goes for it Gold hits record highs as investors bet on rate cuts Cooling US jobs market looms over central bankers at Jackson HoleThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

PwC faces a six-month business ban in China, and Mexico’s Supreme Court judges go on strike. Plus, a potential takeover of 7-Eleven may set the tone for a new era of Japanese acquisitions. Mentioned in this podcast:PwC expects six-month ban in China over Evergrande audit Mexico’s judges to strike over López Obrador’s plan to fire themAfter 7-Eleven, Japan’s M&A scene may never be the same again The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China’s flagship fund to buy up unsold housing is off to a limp start, and Saudi Arabia’s Public Investment Fund is to prioritise domestic spending. Plus, a growing number of Americans are suffering from tip fatigue. Mentioned in this podcast:China’s landmark property rescue plan limps off the starting line The US tipping system is teeteringSaudi wealth fund brings era of easy money to an endThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US dollar sinks to its lowest level since the start of the year and Democrats are rushing to defend vice-president Kamala Harris’s economic road map. Plus, rising US-China tensions could threaten a decades-old science and technology pact.Mentioned in this podcast:Dollar hits 8-month low as US stocks start week higher Democrats on defensive after Kamala Harris’s economic plans poorly received China-US tensions erode co-operation on science and techThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Marc Filippino, and Niamh Rowe. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks, and start-up failures shot up 60% in the past year. Plus, top international fashion brands are shifting orders away from Bangladesh because of recent political turmoil. Mentioned in this podcast:FT series: the Uninsurable WorldGlobal fashion brands cut Bangladesh orders after turmoilStart-up failures jump by 60% as founders face hangover from boom years The Democratic National Convention hits ChicagoThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Andrew Edgecliffe-Johnson, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Latino voters were once considered a reliable bet for Democrats. But with each passing election, Republicans are making more inroads with them. The FT’s Houston correspondent, Myles McCormick, and Republican political strategist, Mike Madrid, join this week’s Swamp Notes to unpack this shift. Mentioned in this podcast:The Latino swing voters who could decide the US electionSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Harris for PresidentRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A huge US-based oilfield services company is expanding its Russian business, investors are piling into US treasuries, and US retail sales saw their biggest jump in a year and a half in July. Plus, a decade-long dispute between Coca-Cola and federal tax authorities has escalated to the point that the company could owe $16bn in back payments.Mentioned in this podcast:US oil services group SLB expands in Russia as competitors withdraw Investors return to bonds as recession fears stalk marketsStrong US retail sales raise hopes of ‘soft landing’How a $16bn tax stand-off stays unseen in Coca-Cola’s earningsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Peace talks aimed at ending the war in Gaza start up again today, US inflation fell to 2.9 per cent in July, and Ukrainian forces are looking to hold on to newly-seized Russian territory. Plus, Germany’s chief prosecutor has issued an arrest warrant for a Ukrainian man suspected of blowing up the Nord Stream gas pipelines. Mentioned in this podcast:US inflation falls to 2.9% in JulyUkrainian forces seek to hold Russian positions after capturing hundreds of troopsThe competing theories of the Nord Stream explosionsGermany issues arrest warrant for Ukrainian over Nord Stream gas pipeline attacksUS-Israel talks take on fresh urgency as Middle East on edgeStonehenge rock was shifted 400 miles from Scotland, scientists find`AQThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stocks and Treasuries rallied as traders assessed lower than expected wholesale inflation data, and investors hope that abundant electricity in northern Sweden can power a new wave of industrialisation. Meanwhile, the world’s biggest publicly listed coal producer is dropping plans to ditch the commodity. Mentioned in this podcast:US stocks climb as soft inflation data spurs Treasury rallyCan Sweden deliver its much hyped green energy boom?‘Cash is king’: Why Glencore kept faith with coalThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Katie McMurran,Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russia has trained its navy to hit European targets with nuclear-capable missiles, and 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused. Plus, we ask the FT’s Tom Hale if there could be a light at the end of the tunnel for China’s economy.Mentioned in this podcast:Russian navy trained to target sites inside Europe with nuclear-capable missilesChina deflation fears ease as consumer prices riseDelays hit 40% of Biden’s major IRA manufacturing projects Life and Art podcast: Why museums should keep their mummies and shrunken headsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

More Americans trust Kamala Harris to handle the US economy than Donald Trump, European traders this summer are using only a fraction of Ukraine’s vast natural gas storage, and boycotts of western food and drinks brands in Muslim countries are hitting the revenues of multinationals. Plus, we look into why mid-tier US accounting firms are under increasing pressure to overhaul their networks. Mentioned in this podcast:Widespread boycotts in Muslim countries hammer western brandsUS accounting firms rethink global networksBosses cut flying day trips as travel settles into permanent ‘new normal’Kamala Harris is more trusted than Donald Trump on the US economyEuropean gas traders shun Ukraine storage after Russian attacksThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Siona Jenkins, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Kamala Harris has supercharged Democratic party voters’ enthusiasm in the weeks since President Joe Biden stepped down as the nominee. Can Tim Walz, a little-known Midwestern governor with an everyman appeal and a progressive agenda, help maintain that excitement as her vice-presidential pick? The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join this week’s Swamp Notes to discuss what Walz adds to the ticket. Mentioned in this podcast:Kamala Harris champions personal freedoms at first rally with Tim WalzWhy Tim Walz was Kamala Harris’s choice for vice-presidentSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The stock market sell-off earlier this week may have been a bit of an overreaction, and overall consumer spending has been struggling recently. Plus, the FT’s Christopher Miller explains what Ukraine’s surprise counteroffensive in Russia means. Mentioned in this podcast:Everyone calm down  US consumer spending slowdown weighs on travel and leisure groups Battles rage in Russia as Kyiv advances in war’s largest counter-incursion The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google and Meta struck a secret ads deal to target teenagers, and the FT reports that the UK’s biggest private pension fund dumped £80mn of Israeli assets. Plus, the FT’s Benjamin Parkin updates us on the situation in Bangladesh.Mentioned in this podcast:Google and Meta struck secret ads deal to target teenagers UK’s biggest private pension fund dumps £80mn of Israeli assets How the world’s longest-serving female leader was toppled  The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street stocks rebounded yesterday as the markets stabilised from a global rout, Disney is raising its streaming prices and Chinese bonds are causing a lot of anxiety for the country’s lawmakers. Plus, the FT’s Sara Germano talks about the effort to make track and field more popular outside the Olympics. Mentioned in this podcast:Wall Street stages partial rebound after Japanese stocks surge Chinese yields hit record lows as investors defy central bank warnings Kamala Harris chooses Tim Walz as running mate in US presidential election Disney to lift streaming prices by as much as 25% in October Can athletics win a big audience outside the Olympics? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Major stock indices were significantly down around the world yesterday. Plus, the FT’s Lucy Fisher explains why the far right is rioting in England and what the government is doing about it. Mentioned in this podcast:US stocks finish sharply lower to close out global market rout Why global investors find it so easy to sell Japan Why are the far right rioting in England? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK chancellor Rachel Reeves begins a three-day visit to New York and Toronto on Monday in an attempt to sell Britain as “a stable place to do business,” asset managers fret as high-yield savings and caution over market volatility have left up to $1.5tn out of the market, commodity bulls’ dash for the exit sends prices tumbling.Mentioned in this podcast:UK chancellor to court investors in visit to New YorkEU capitals set to back tariffs on Chinese electric cars, trade chief saysCommodity bulls’ dash for the exit sends prices tumblingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Only two political parties — the Republicans and the Democrats — have controlled the White House since 1853. However, candidates from other parties still run in presidential elections. The FT’s Washington reporter, Steff Chávez, and US business and politics correspondent, Alex Rogers, join this week’s Swamp Notes to explain how third-party candidates could impact the 2024 US presidential race. Mentioned in this podcast:Robert Kennedy Jr launches independent bid for US presidentRobert Kennedy Jr taps nostalgia in bid to upset Donald Trump and Joe BidenSign up for the FT’s Swamp Notes newsletter hereElection Countdown newsletterSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and Manuela Saragosa.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors were not happy with Amazon’s earnings report and Russia agreed to a historic prisoner swap with western countries. Plus, the FT’s Tommy Stubbington discusses how markets might react to a week of important central bank interest rate decisions.  Mentioned in this podcast:Amazon earnings jump on cloud computing strength but margins narrowA momentous week for central banks US journalist Evan Gershkovich released in Russia prisoner swap The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

An interest rate cut could be on the table for the Federal Reserve’s next meeting, conflict in the Middle East is intensifying, and the Nasdaq composite jumped 2.7% on Wednesday. Plus, the FT’s Barney Jopson explains the recent wave of backlash against tourists. Mentioned in this podcast:Powell says September rate cut ‘on the table’ after Fed notes ‘some further progress’ on inflation  Assassinated: the arch-enemies of Israel killed in twin strikes The cost of Europe’s backlash against tourists  CREDIT: The Telegraph The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Microsoft’s AI-fuelled cloud growth fell slightly short of investors’ expectations, the cost of a luxury office space in Miami smashed records, and London’s stock market has fallen behind in mining company listings. Plus, the FT’s Humza Jilani explains how Pakistan’s banks are benefitting from mounting government debt.Mentioned in this podcast:Microsoft shares fall as cloud growth fails to impress Wall Street Cost of Miami office space hits record highPakistan’s banks enjoy soaring profits on interest from mounting government debt London loses its historic grip on global mining sector listings The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Britain’s new finance minister blamed the previous Conservative government for a £22bn fiscal hole, and Venezuela’s President Nicolás Maduro is facing international pressure to back up his claim of winning re-election. Plus, the FT’s Andy Bounds explains the EU’s trade strategy to deal with a potential second Trump presidency. Mentioned in this podcast:Reeves announces ‘incredibly tough choices’ to plug £22bn fiscal hole Pressure mounts on Venezuela’s Nicolás Maduro over contested presidential vote EU prepares two-step trade plan to tackle Donald Trump The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Losses in big tech stocks as investors punish companies over earning reports. The Bank of England may vote to reduce interest rates this week. Fallout after a Hizbollah attack on the Golan Heights.Mentioned in this podcast:US markets suffer worst day since 2022 as Tesla and AI stocks fallBoE rate decision hangs on a knife edge as divided policymakers prepare to meetHizbollah drone footage highlights Israeli security vulnerabilitiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

If Kamala Harris wins the Democratic nomination next month, she would be only the second woman or person of colour that either major US party has ever nominated for president. On this week’s Swamp Notes, the FT’s US national columnist and editor, Edward Luce, and deputy Washington bureau chief, Lauren Fedor, explain why Harris probably won’t lean into her race or gender on the campaign trail. Mentioned in this podcast:Kamala Harris memes resonate with Gen Z votersHarris vs. Trump: America’s sudden gender electionSign up for the FT’s Swamp Notes newsletter hereCredit: Fox NewsSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk is looking to inject $5bn into an AI start-up, and Venezuela’s election on Sunday will decide whether Nicolás Maduro will stay in office for more than a decade. Plus, the FT’s Simon Kuper explains how big infrastructure updates in Paris might shake up the cultural and political boundaries of the city.Mentioned in this podcast:Elon Musk to seek Tesla board approval for $5bn injection into xAI start-up Venezuela’s opposition bets Maduro has miscalculated this time Paris, the Olympics and the reinvention of a city The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Biden says it’s time to ‘pass on the torch’, China and the Philippines struck a deal to reduce tensions in the South China Sea, and the Nasdaq composite fell 3.6 per cent yesterday. Plus, the FT’s Chris Kay explains how young investors are gambling on Indian stocks.Mentioned in this podcast:The flashpoints that threaten a détente between China and the Philippines Beijing and Manila strike deal to reduce tensions in South China Sea US stocks sink after Big Tech earnings disappoint   The young investors gambling on Indian stocks Credit: ABC NEWS The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla’s net income fell by 45 per cent, investors think Donald Trump will be back in the White House, and the director of the US Secret Service resigned after an operational failure. Plus, the FT’s Jennifer Hughes talks about investors betting on politics in prediction markets. Mentioned in this podcast:Tesla misses profit estimates as electric vehicle deliveries slowPrediction markets tipped for new growth as US trader interest mounts US Secret Service head resigns over Donald Trump assassination attempt Markets reassess ‘Trump trades’ after Joe Biden withdraws from race The Unhedged podcast The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jake Harper, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Congress interrogated its Secret Service chief yesterday, and Kamala Harris is gearing up her prospective presidential campaign. Plus, the FT’s Christian Davies explains how Samsung’s labour crisis is complicating its efforts to capitalise on a booming market for semiconductors.  Mentioned in this podcast:US Secret Service chief says Donald Trump shooting worst ‘failure’ in decades What do we know about Kamala Harris’s chances against Donald Trump? Samsung’s ‘chip crisis’: AI ambitions hit by unprecedented worker unrest Luxury brands roll out 50% discounts as Chinese shoppers rein in spending The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, and India’s prime minister Narendra Modi faces an early test to his third term in office. Plus, the UK’s new chancellor, Rachel Reeves, will present a fiscal statement to parliament later this month. Mentioned in this podcast:Joe Biden drops out of 2024 US presidential election race and endorses Kamala HarrisLabour’s moment to blame, borrow and taxIndia’s Narendra Modi faces budget demands from ‘kingmaker’ allies The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Republicans gathered in Milwaukee, Wisconsin, for their convention this week, just days after their party leader was nearly assassinated. The presidential nominee, Donald Trump, started off with a message of unity. However, it’s unclear if that message will stick. The FT’s deputy Washington bureau chief Lauren Fedor and US political news editor Derek Brower discuss this new layer for the Republican party. Credit: Associated Press, ABC News  Mentioned in this podcast:Donald Trump pledges tax cuts, trade wars and border crackdownJD Vance proclaims ‘America first’ as Republicans embrace economic populismSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to George Drake Jr and Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump formally accepted the Republican party nomination for president. HSBC’s new chief executive, Georges Elhedery, will face a unique set of challenges while transitioning into the role, and the European Central Bank decided to keep interest rates unchanged yesterday. Plus, the FT’s Clive Cookson talks about the revival of the space race. Credit: NASA, BBC, NDTV, Global NewsMentioned in this podcast:Donald Trump recounts near death by gunman in speech to Republican conventionCan HSBC’s new chief finish what Noel Quinn started? ECB keeps interest rate at 3.75% What do we gain from going back to the Moon?  The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chip stocks dipped yesterday after Trump’s comments rattled investors, the EU spoke up against Viktor Orbán’s recent travels, and a bid to force Amazon to recognise a union failed in the UK. Plus, the FT’s Madhumita Murgia explains what Yandex’s move into Europe signifies. Mentioned in this podcast:Chip stocks tumble as Trump comments rattle investors Donald Trump has ‘well-founded plans’ for Russia-Ukraine peace talks, Viktor Orbán claims Amazon beats back union bid for UK recognition Yandex founder to build AI business in Europe after Russia exit The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK Labour government will present its plans for the upcoming year in the King’s Speech, and Morgan Stanley experienced a slowdown in growth despite a 40 per cent profit increase. Plus, the FT’s Aanu Adeoye explains the Nigerian president’s plans to revive the country’s economy.Mentioned in this podcast:Starmer plans to introduce AI bill in King’s SpeechWill shock therapy revive Nigeria’s economy — or sink it further?  Morgan Stanley’s wealth business stumbles even as profits jump The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump announced Ohio senator JD Vance as his vice-presidential nominee yesterday, and a US judge dismissed a criminal case over the former president’s handling of classified documents. Plus, the FT’s Mehul Srivastava explains why the Gaza pier built by the US hasn’t been as effective as intended. Mentioned in this podcast:Donald Trump picks Ohio senator JD Vance as 2024 running mate Judge dismisses classified documents case against Donald TrumpHow the US’s $230mn Gaza pier became a ‘colossal failure’ The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Congress launches a probe into ‘inexcusable’ security failings following the Pennsylvania rally shooting, and workers at an Amazon warehouse in the UK await results from a union ballot. Plus, the UK’s home building ambitions might be a bit of a slog. Credit: AP Mentioned in this podcast:Trump calls for unity in face of ‘evil’ after surviving assassination attemptDonald Trump injured in attempted assassination at Pennsylvania rallyHousebuilders warn construction lag could weigh on Labour housing Amazon launches anti-union charm offensive ahead of UK workers’ voteSurvey link: http://ft.com/FTsurvey2024Survey terms & conditions: http://www.ft.com/globalsurvey/termsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As president, Donald Trump appointed three conservative justices to the Supreme Court and hundreds of conservative judges to benches across the judicial branch. These justices and judges have handed down several controversial decisions that have reshaped important aspects of American life. The FT’s US legal and enforcement correspondent, Stefania Palma, and professor of presidential studies at the University of Virginia, Barbara Perry, join this week’s Swamp Notes to discuss where the conservative legal movement is going next. Mentioned in this podcast:US Supreme Court deals blow to agencies’ rulemaking authorityUS Supreme Court says Donald Trump immune for ‘official acts’ as presidentSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US inflation fell to 3 per cent, and China’s Communist party leaders will meet next week to discuss the country’s economy. Plus, the FT’s Brooke Masters talks about the risks that come with deregulation. Mentioned in this podcast:US inflation falls to 3% in June China plays down hopes for ‘strong medicine’ at top economic policy meeting US businesses may soon find that deregulation comes with risks Survey link: http://ft.com/FTsurvey2024Survey terms & conditions: http://www.ft.com/globalsurvey/termsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Archegos founder Bill Hwang found guilty of fraud, investors are selling off risky US junk bonds, and women’s tennis is getting big investments from Saudi Arabia and private equity firms. Plus, the FT’s Ryan McMorrow explains how Amazon is fighting back against rivals like Temu and Shein. Mentioned in this podcast:Archegos founder Bill Hwang found guilty over fund’s collapse Investors shun riskier junk bonds as bankruptcy filings jump Saudi wealth bolsters WTA’s ambitions for women’s tennis Amazon set to take on Temu and Shein with new discount section Survey link: http://ft.com/FTsurvey2024Survey terms & conditions: http://www.ft.com/globalsurvey/termsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A Russian missile that destroyed a children’s hospital in Kyiv used western technology, investment banking is picking back up, and Shein is injecting €200mn in cash to tackle fashion waste. Plus, the FT’s Najmeh Bozorgmehr explains if Iran’s new pro-reform president can make a difference. Mentioned in this podcast:Type of Russian missile that struck Kyiv children’s hospital uses western components Masoud Pezeshkian: the heart surgeon who became Iran’s president-elect Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval Survey link: http://ft.com/FTsurvey2024Survey terms & conditions: http://www.ft.com/globalsurvey/termsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nato leaders are meeting for its 75th anniversary summit amid tensions within their countries, and Europe’s battery industry is feeling the impact of the global slowdown in electric car sales. Plus, the FT’s Sara Germano explains the reasons behind Nike’s worst single-day performance on the stock market since 1980.Mentioned in this podcast:Nato allies to pledge €40bn for Ukraine amid domestic turmoil Europe’s battery industry hit by EV slowdown and Chinese competition Downturn of the Swoosh: how Nike took its eye off the ball  Air Jordan commercialSurvey link: http://ft.com/FTsurvey2024Survey terms & conditions: http://www.ft.com/globalsurvey/termsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

France’s anti far-right alliance is on track to halt the rise of Marine Le Pen’s Rassemblement National, Labour’s landslide win is set to enhance the attractiveness of UK markets, and scientists said that this year was on track to become the warmest on record. Plus, the Chinese province closest to Taiwan seeks greater ties, but businesses aren’t biting. Credit: Washington Post, CNN, AFPMentioned in this podcast:Leftwing surge thwarts far right in French election, polls suggestUK stands out for its stability after election landslide, say investorsInvestors shy away from China’s ‘Taiwan Town’ as tensions riseWorld on track for hottest year as seas reach record levels for 15 months in a rowThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rightwing populist party Reform UK makes inroads. Viktor Orbán set to hold meeting with Vladimir Putin to discuss Ukraine peace.Mentioned in this podcast:UK general election liveViktor Orbán to meet Vladimir Putin after Kyiv tripThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SoftBank is looking to invest in AI despite pressure to offer a share buyback, Shell is pausing construction on one of its biggest energy transition projects, and the Labour party is expected to win the UK election by a landslide. Plus, the FT’s Anna Nicolaou explains how YouTube is trying to negotiate a deal with record labels over music created by AI. Mentioned in this podcast:SoftBank to prioritise AI deals over share buybacks despite pressure from Elliott Shell pauses construction at one of Europe’s biggest biofuels plants YouTube in talks with record labels over AI music deal Labour set for landslide win in UK general election Joe Biden set for talks with senior Democrats as crisis deepens  The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU is planning to impose duties on substandard Chinese goods, Panama’s president wants to close the Darién gap, and Joe Biden is under pressure to explain his fitness to run for office. Plus, the FT’s Attracta Mooney explains how Denmark is implementing the world’s first carbon tax on agriculture.Mentioned in this podcast:EU takes aim at China’s Temu and Shein with proposed import duty Denmark to charge farmers €100 a cow in first carbon tax on agriculture Panama will close notorious Darién Gap to migrants, president vows Joe Biden to meet Democratic governors amid concern over his fitness for race The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Western banks have cut their workforces in China, the US Supreme Court ruled that former president Donald Trump cannot be prosecuted for his ‘official’ actions, and Amazon has turned its first international profit in four years. Plus, the FT’s Leo Lewis explains how online competitors are affecting Japan’s regional banks.Mentioned in this podcast:Global investment banks’ China expansion goes into retreat US Supreme Court says Donald Trump immune for ‘official acts’ as presidentAmazon’s international unit on track to swing into annual profit Threat of deposit exodus haunts Japan’s regional banksThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Marine Le Pen’s far-right party has battered President Emmanuel Macron’s centrist alliance in the first round of snap parliamentary elections, US stock markets performing better than expected at the midyear point, and Morgan Stanley will join Goldman and JPMorgan in scrapping UK bonus caps.Mentioned in this podcast:French voters turn out in record numbers Wall Street’s last remaining bears struggle to convince optimistic clientsMorgan Stanley to join Goldman and JPMorgan in scrapping UK bonus capThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf is worried about the threat autocrats pose to liberal democracies. Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, but in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In this episode, Martin spells out his concerns to the FT’s executive opinion editor, Jonathan Derbyshire, and they discuss what Martin has gleaned from his conversations with Robert Kagan, Fiona Hill, Anne Applebaum and Raghuram Rajan. Did they ease his concerns in any way?Links: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Joe Biden went into Thursday night’s CNN presidential debate hoping to assuage concerns over his mental acuity and fitness for office. But his performance only heightened those concerns — and may even force Democrats to reconsider their standard-bearer. The FT’s deputy Washington bureau chief, Lauren Fedor, and Washington reporter, Steff Chavez, join this week’s Swamp Notes podcast to explain why. Credit: CNN Presidential Debate, NBC News, ABC NewsMentioned in this podcast:Democrats panic as Biden stumbles in bad-tempered debate with TrumpThe big moments from the Biden-Trump debateSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US is inviting foreign ministers from Israel and Arab countries to the Nato summit next month, EY’s new global chief executive confirmed that the firm will not split in two, and Thames Water is on the brink of a financial collapse. Plus, the FT’s Lucy Fisher explains why immigration is an important issue in the UK elections. Mentioned in this podcast:US invites Arab and Israeli ministers to Nato anniversary summit New EY chief rules out reviving plan to split Big Four firm in two Neither politicians nor the public think straight on immigration Thames Water warns ageing assets pose ‘risk to public safety’ The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa. Mentioned in this podcast:India braced for billions of dollars of inflows as bonds added to JPMorgan index Kenya’s president drops tax rises after deadly protests Billionaire under sanctions could get $300mn in controversial US-Congo deal CREDIT: WSJ, KBC Channel 1The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in clean energy is set to hit $2tn and the EU charged Microsoft for violating antitrust laws yesterday. Plus, the FT’s Emma Agyemang explains why a deadlock in the US Senate is threatening to upend a global tax treaty.Mentioned in this podcast:Rivian shares soar on Volkswagen plan to invest up to $5bnClean tech investment set to hit $2tn in 2024 EU charges Microsoft with antitrust violations over Teams Global tax truce frays over fears of US Senate deadlock Do you have questions about the US election? Drop us a voice note here and we may play your question on Swamp Notes! The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble. Mentioned in this podcast:Chinese companies seek assurances from Malaysia over US tariffs Can Nvidia stay at the heart of the new AI economy?Wealthy foreigners step up plans to leave UK as taxes increaseBrazilian markets hit by investor worries over Lula’s spending plans The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, and agencies representing TikTok’s biggest advertisers are drawing up contingency plans as the US prepares to ban the popular video app. Plus, Amazon and Microsoft are scaling up infrastructure investments for artificial intelligence in India. Mentioned in this podcast:EU devises legal loophole to bypass Hungary veto on support for UkraineEuropean CLO issuance hits record rate as investors chase yields India pulls in tech giants for its AI ambitionsTikTok advertisers prepare contingency plans as US ban loomsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council in the Trump White House from 2017 to 2019, tells Martin Wolf about the parallels she sees between Donald Trump and Vladimir Putin, why she believes the US Congress has failed and how she will not be breathing a sigh of relief if President Joe Biden wins in the November polls. Clips: The Times, The Sunday Times, CSpanLinks: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Americans have inflation and foreign policy on their minds this election. That means that President Joe Biden’s ambitious climate achievements aren’t resonating with voters – especially young voters – the way his administration expected. The FT’s US climate reporter, Aime Williams, and Washington bureau chief, James Politi, join this week’s Swamp Notes podcast to explain why. Credit: ESPNMentioned in this podcast:How Joe Biden’s climate push fell flat with Gen Z votersWhy Americans are not buying more EVsSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Credit agencies have misrated more than $100bn of commercial real estate debt, new election polls suggest the UK could be in for a seismic political shift, and the Philippines has been secretly reinforcing a dilapidated warship marooned on a South China Sea reef. Plus, drilling for naturally occurring hydrogen gas was deemed unfeasible, but prospectors now think differently.Mentioned in this podcast:Poll predicts Rishi Sunak to lose seat in Tory wipeoutWhy we can’t be sure of the size of the Labour swingHow a cigarette sparked a slow-burn search for buried ‘gold’ hydrogenPhilippines secretly reinforces ship at centre of South China Sea disputeRatings agencies give high marks to bonds financing defaulted propertiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hamas-backed militants orchestrate bank heists, the ECB raises alarm over Eurozone debt, Malaysia courts Chinese investment, and Softbank debuts “EmotionCancelling” AI.Mentioned in this podcast:Premier Li Qiang’s visit has Malaysia wanting more from China pivot Armed gangs stage bank heists in GazaThis episode of FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Persis Love, Mischa Frankl-Duval. Additional help from Sonja Hutson, Kasia Broussalian and Marc Filippino. Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, and Silicon Valley companies are screening their staff for Chinese spying. Plus, the FT’s Saffeya Ahmed unpacks Shein’s tumultuous journey to go public. Mentioned in this podcast:Nvidia vaults past Apple and Microsoft to become world’s most valuable companyApple supplier TDK claims solid-state battery breakthroughBehind the Money: The wrinkle in Shein’s IPO plansShein switches focus to London after New York IPO stallsSilicon Valley steps up employee screening over Chinese espionage threatThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Kyra Assibey-Bonsu, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’s Cristina Criddle explains why OpenAI is expanding its global affairs unit. Mentioned in this podcast:French businesses court Marine Le Pen after taking fright at left’s policiesOpenAI expands lobbying team to influence regulationBill Gross seeks to set record by selling stamp collection for up to $20mnThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Major defence companies are recruiting workers at the fastest rate since the end of the cold war, global leaders were able to reach a consensus on major issues during the G7 summit, and big Chinese companies are turning to the convertible bond market. Plus, investors are flocking to the local currency bonds of one-time emerging market pariahs. Mentioned in this podcast:Chinese companies rush to tap US convertible bond marketFrontier emerging markets lure investors back with high yieldsG7 threatens China with further sanctions over Russia war supportGlobal defence groups hiring at fastest rate in decades amid record ordersThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.Links: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Margaret Thatcher’s election in 1979 foreshadowed Ronald Reagan’s a year later, and the Brexit vote in 2016 took place just months before Donald Trump’s stunning presidential victory. The FT’s Whitehall editor, Lucy Fisher, and US politics news editor, Derek Brower, join this week’s Swamp Notes to explain why British and American politics often rhyme, and what the phenomenon could mean for upcoming elections in both countries. Mentioned in this podcast:Parallel US and UK elections could bring dangersNigel Farage’s Reform UK overtakes Conservatives in new opinion pollFrom the Political Fix podcast: “the Tories’ ‘kitchen sink’ manifesto”Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?Mentioned in this podcast:Japan’s top carmakers caught in widening testing scandalWhat the EU’s tariffs on electric vehicles mean for ChinaKeir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launchThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch’ on AI models.  Mentioned in this podcast:Fed officials signal just one interest rate cut before end of 2024Silicon Valley in uproar over Californian AI safety billUS inflation falls to 3.3% in May in boost to marketsTerraform Labs to pay $4.5bn in SEC fraud caseThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to the US dollar has increased sharply this year, the EU plans to put hefty tariffs on Chinese electric vehicles, and the UK Tories' manifesto lays out billions in tax cuts. Plus, the FT’s Christine Murray explains why Mexico's peso slid after president-elect Claudia Sheinbaum proposed reforms.Mentioned in this podcast:EU to impose multi-billion euro tariffs on Chinese electric carsGlobal central banks plan to increase dollar reserves, survey suggestsRishi Sunak pledges £17bn in tax cuts to revive Tory election bidMexico’s president-elect vows to press ahead with controversial judicial overhaulShari Redstone ends talks with Skydance Media over deal to control ParamountThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Victoria Mortimer, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, and private equity groups are snapping up US accounting firms. Plus, President Emmanuel Macron stunned France on Sunday when he called snap parliamentary elections. The FT’s Leila Abboud unpacks what happens next for the country. Mentioned in this podcast:Apple partners with OpenAI as it rolls out new artificial intelligence systemPrivate equity groups poised to own one in three top US accounting firmsEmmanuel Macron gambles on snap French election after Marine Le Pen victory in EU voteWhy Emmanuel Macron went all in against Marine Le PenThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency government, and Iranian authorities have disqualified prominent moderates as candidates in the snap presidential election. Plus, global investors are turning their backs on sustainability-focused stock funds.Mentioned in this podcast:Far-right parties make significant gains in European parliament electionsInvestors pull cash from ESG funds as performance lagsIran promotes hardliners as presidential candidatesBenny Gantz resigns from Israel government over GazaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prarkiti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the second of this five-part series, the FT’s renowned economics commentator, Martin Wolf, speaks to the author and journalist Anne Applebaum, who’s witnessed first hand some of the seismic shifts that have taken place in America and Europe. They talk about how the newly elected Polish government is trying to veer the country away from the illiberal path taken by the previous administration, and spell out what’s at stake for the world if Donald Trump wins a second term as US president. Clip: The GuardianLinks: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Few of Silicon Valley’s biggest names supported Donald Trump in 2016 or 2020. Now, some of them are holding multimillion- dollar fundraisers for him. The FT’s US business and politics correspondent, Alex Rogers, and tech correspondent, Hannah Murphy, join this week’s Swamp Notes to explain why Big Tech is abandoning Joe Biden. Mentioned in this podcast:Donald Trump fundraiser latest sign of support in Silicon ValleySilicon Valley elite warms to Donald TrumpBiden camp hits out at Elon Musk and ‘sucker’ Donald TrumpSign up for the FT’s Swamp Notes newsletter hereDo you have questions about the US election? Drop us a voice note here and we may play your question on the show! Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The European Central Bank has cut interest rates for the first time in nearly five years, and the European Commission will recommend the start of EU accession talks with Ukraine this month.Plus, the FT’s Katie Martin explains how optimistic we should be about a revival of the London Stock Exchange. Mentioned in this podcast:ECB cuts interest rates for first time in five yearsA cautious revival of the London IPO marketUkraine ready for EU membership talks, Brussels saysThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s market value briefly rose past $3tn to overtake Apple as the world’s second-most valuable company, South Africa’s African National Congress party is considering the formation of a national unity government with rival parties, and UK Prime Minister Rishi Sunak was accused on Wednesday by Sir Keir Starmer of “resorting to lies” over Labour’s tax plans. Plus, a US appeals court has tossed out new rules that would have forced private equity and hedge funds to be more transparent.Mentioned in this podcast:Nvidia’s market value powers past $3tn in AI-fuelled rallyKeir Starmer accuses Rishi Sunak of ‘lying’ over Labour £2,000 tax claimANC considers national unity government in South AfricaNew SEC rules on private funds thrown out by US appeals courtThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gazprom is unlikely to recover gas sales lost as a result of Vladimir Putin’s full-scale invasion of Ukraine for at least a decade, India’s Prime Minister Narendra Modi is set to win a historic third term, job openings, vacancies and quits data provided more evidence of a cooling labour market in the US. Plus, Opec+ might be losing ground in its fight to prop up oil prices. Mentioned in this podcast:Gazprom badly hurt by Ukraine war, says company-commissioned reportNarendra Modi set to lose parliamentary majority in shock Indian election resultIndia election strips Narendra Modi of his ‘aura of invincibility’Opec+ is running out of roadUS labour market cools in April, relieving pressure on the Fed The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, food delivery apps put new focus on profits despite slower growth following the coronavirus pandemic, and a new podcast from the Financial Times explores the fallout since Qatargate. Mentioned in this podcast:Food delivery apps rack up $20bn in losses in fierce battle for dinersIndian markets hit record highs as exit polls forecast Modi victorySunak and Starmer set to clash in first UK election leaders’ debateUntold: Power for Sale. Subscribe or listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russia and China are deadlocked over a deal to build a gas pipeline connecting the two countries, far-right parties in Europe are gaining ground with younger voters, technical trouble could hamper Tesla’s upcoming shareholder election, and disagreement at OpenAI over safety and leadership has led to top level resignations.Mentioned in this podcast:Russia-China gas pipeline deal stalls over Beijing’s price demandsInternal divisions linger at OpenAI after November’s attempted coupTesla’s many international retail investors unable to cast AGM voteHow the far right is winning over young EuropeansThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the first of this five-part series, the FT’s renowned economics commentator Martin Wolf tells executive opinion editor Jonathan Derbyshire why he worries about the consequences for the future of democratic institutions. Martin then speaks to Robert Kagan, a neoconservative scholar and a senior fellow at the Brookings Institution in Washington, about what a victory, or defeat, for Donald Trump might mean for the future of US democracy.Links:Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereClip: CNBCThis episode is presented by Jonathan Derbyshire and Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Former US president Donald Trump was found guilty on 34 felony charges of falsifying business records on Thursday, a first for any current or former American president. However, with the Republican nomination all but secured, the conviction may do little to knock Trump’s reelection campaign off course. The FT’s US managing editor, Peter Spiegel, and US legal correspondent, Joe Miller, join this week’s Swamp Notes to explain why. Mentioned in this podcast:Donald Trump found guilty on all counts in ‘hush money’ trialTrump’s guilty verdict puts America’s political system on trialDonald Trump is a convicted felon. Will Americans still vote for him?Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has been found guilty of conspiring to buy the silence of a porn actor and Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco. Plus, European oil majors are left at a disadvantage in several areas when it comes to M&A. Mentioned in this podcast:Donald Trump found guilty on all counts in ‘hush money’ trialSaudi Arabia to sell $12bn worth of Aramco sharesWhy the European oil megamerger has not gushed forthThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe has only a fraction of the air defence capabilities needed to protect its eastern flank, BHP’s £39bn takeover bid for Anglo American has collapsed, and Israel bonds are a hot commodity in US municipalities. Plus, the FT’s Brooke Masters explains why private equity firms are pivoting towards profit sharing. Mentioned in this podcast:Nato has just 5% of air defences needed to protect eastern flankIsrael’s borrowing spree reaches Palm Beach as US municipalities pile inBHP’s £39bn pursuit of Anglo American collapsesHigher rates have changed the game for private equityThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hess shareholders approved a controversial takeover bid from Chevron, and South Africans vote today in the most contested election since the end of apartheid,Plus, the FT’s James Kynge argues that China is winning the tech war with the US. Mentioned in this podcast:South Africa’s ‘lost leader’ faces the end gameGeorgia adopts Russian-inspired ‘foreign agents’ lawTech Tonic podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This episode features a truncated version of a recent Behind the Money podcast as it travels to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting. At this year’s event, there’s a lingering question over what will happen once Warren Buffett is no longer at the helm. Buffett has a successor in mind, and we explore the challenges they could face when taking over America’s “last great” conglomerate.Mentioned in this podcast:Behind the Money podcastBerkshire after Buffett: prized energy business faces upheavalThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The European Central Bank looks almost certain to be one of the first major central banks to cut rates, a tense dispute over Guyana is casting a shadow over Chevron’s bid to takeover Hess, and Thames Water pumped 14.2bn litres of sewage into the river Thames last year. Plus, the nuclear power industry is seeking to lure back thousands of retired engineers. Mentioned in this podcast:ECB is ready to start cutting interest rates, says chief economistBlow to $53bn Chevron-Hess deal as investors advised to abstainNuclear industry brings back ‘silver tsunami’ of retireesThames Water pumped 14bn litres of sewage into Thames in central London in 2023 The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

American voters still say the economy is their most important electoral issue, and a growing number are less than pleased with Joe Biden’s economic management. The FT’s deputy Washington bureau chief, Lauren Fedor, and the vice-president of North Star Opinion Research, Jon McHenry, join this week’s Swamp Notes to break down the results of the most recent FT-Michigan Ross poll. Mentioned in this podcast:Support for Joe Biden’s economic policies wanes amid inflation fears, FT poll findsFT-Michigan Ross poll: Biden’s election hopes fall as prices rise againSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CLIPS: @atrupar on XRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk’s xAI has secured new backing from three Silicon Valley venture capital giants, women in Ukraine have increasingly stepped into roles men used to perform before Russia’s full-scale invasion, and the FT’s Soumaya Keynes explains why the UK’s Labour party benefits from being boring. Mentioned in this podcast:Elon Musk’s xAI secures new backing from Andreessen Horowitz, Sequoia and TribeUkrainian women wanted in factories as men drafted into armyHow large might Labour’s ‘dullness dividend’ be?Introducing The Economics Show with Soumaya KeynesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia’s revenue soaring 262 per cent in the past quarter Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times, and the first batch of genetically engineered non-biting mosquitoes will be released in Djibouti on Thursday.Mentioned in this podcast:Rishi Sunak calls July 4 UK electionNvidia’s revenue beats high expectations as AI chip demand climbsFederal Reserve officials were open to further US rate rises to quell inflationAdani suspected of fraud by selling low-grade coal as high-value fuelDjibouti looks to genetically engineered mosquitoes to quell urban malaria wave The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK deputy prime minister Oliver Dowden went on a secret trip to the UAE, PwC is bracing for penalties over its audit of collapsed Chinese property developer Evergrande, and traders are anticipating huge swings in Nvidia shares after the company reports earnings on Wednesday. Mentioned in this podcast:UK launches charm offensive with UAE after relations sourPwC partners brace for Chinese punishment over Evergrande auditTraders brace for big swings in Nvidia sharesEU trade deficit with China shrinks to lowest level since 2021Follow Untold: Power for Sale on Apple Podcasts or SpotifyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The death of Iranian President Ebrahim Raisi has dealt a shocking blow to the Islamic regime, and the public mood in advanced countries remains low as the cost of living crisis keeps households under pressure. Plus, the decision by the chief prosecutor of the International Criminal Court to apply for arrest warrants against Benjamin Netanyahu and Yoav Gallant is a huge setback for Israel. Mentioned in this podcast:The Rachman Review podcastA crushing blow for Israel and a massive gamble by the ICCPresident Ebrahim Raisi’s death deals blow to Iranian regimeConsumer confidence still below pre-pandemic levels despite economic reboundThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Niger is on the verge of becoming a regional oil major, and western countries are trying to replace a UN body that monitors compliance with international sanctions on North Korea. Mentioned in this podcast:Helicopter carrying Iran’s president crashesBorder dispute hinders Niger’s China-built oil pipelineRussia has stopped UN from monitoring North Korea sanctions. Who is watching Kim?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC on May 4, 2024. Our wonderful colleagues played a friendly game of news trivia. How does your knowledge stack up? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Joe Biden once criticised Donald Trump’s trade war with China, but things look a lot different in an election year. The FT’s US climate reporter, Aime Williams, and US financial editor, Brooke Masters, join Swamp Notes to explain why the president announced such sweeping tariffs on Chinese goods this week, and how it could help him win votes. Mentioned in this podcast:Why Washington’s new tariffs on Chinese clean tech goods matterJoe Biden and Donald Trump battle to prove who can be toughest on ChinaSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. Read a transcript of this episode on FT.com CREDIT: CBS News Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court rejects an existential legal challenge to the country’s top consumer finance watchdog, a $10bn US property fund is running low on liquidity as investors demand their money back, and Russia and China agree to tighten military ties and deepen their economic partnership after talks in Beijing. Plus, central banks around the world are impatiently waiting for the Federal Reserve to cut interest rates.   Mentioned in this podcast:US Supreme Court rejects challenge to top consumer finance agencyVladimir Putin and Xi Jinping vow to co-operate against ‘destructive and hostile’ USDangers of dollar nationalism hang over the world economyCan the strong dollar be tamed?Starwood’s $10bn property fund taps credit line as investors pull moneyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US inflation report sent stocks to record highs and Slovak Prime Minister Robert Fico was shot on Wednesday. Plus, the FT’s John Reed explains why India’s Prime Minister Narendra Modi is so popular. Mentioned in this podcast:US inflation falls to 3.4% in AprilSlovak premier Robert Fico shot and injuredNarendra Modi launches candidacy in India’s marathon electionHow to understand Modi’s IndiaCREDIT: Sansad TVThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Jyotsna Singh, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out. Mentioned in this podcast:US encouraging Arab states to join multinational postwar force in GazaAnglo American plans break-up to thwart £34bn BHP bidUS sharply raises tariffs on Chinese EVs and semiconductor importsLawrence Wong, Singapore’s next PM faces an ever trickier balancing actThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities have kicked off plans to sell $140bn of long-dated bonds to stimulate the economy. Plus, what Russia’s new defence minister means for the country’s war effortMentioned in this podcast:GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappearsWho is Andrei Belousov, Russia’s new defence minister? Stellantis in talks with Vale to invest in Indonesian nickel smelterChina fires starting gun on $140bn debt sale to boost economyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices. Plus, the frontrunner in Mexico’s presidential election is promising more of the same.Mentioned in this podcast:Rishi Sunak to warn Britain ‘at a crossroads’ as he readies Tories for electionUS shale companies accused of collusion over oil priceFour start-ups lead China’s race to match OpenAI’s ChatGPTMexico’s presidential frontrunner defends sweeping legal reformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.Mentioned in this podcast:Trump’s dot plot for the FedJay Powell’s dilemma: the US economy is too strong to cut ratesGlobal inflation and interest rates tracker: see how your country comparesSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CREDIT: US Federal ReserveRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, and China’s President Xi Jinping has hailed Hungary as one of Beijing’s most important strategic partners. Plus, most pandemic corporate winners have turned into post-pandemic losers. Mentioned in this podcast:Anglo American’s South Africa investors open to improved BHP bidNippon Steel predicts ‘calmer discussions’ with unions after US presidential electionXi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership Pandemic-era winners suffer $1.5tn fall in market valueThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure. Mentioned in this podcast:Arm shares drop as revenue forecast falls short despite AI boomSingapore battles to revive struggling stock marketEU agrees to arm Ukraine using profits from Russian state assetsCanada’s oil industry cuts reliance on US market as pipeline expandsHedge fund boss Paul Marshall loses case over silver salvaged from shipwreckThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok filed a lawsuit against the US government to block a potential ban of the social media app. Plus, global trade growth is set to more than double this year as inflation eases and a booming US economy helps drive activity.Mentioned in this podcast:US revokes licences for supply of chips to China’s HuaweiTikTok challenges divest-or-ban bill in US courtIsrael threatens to expand Rafah operation as US struggles to revive talksGlobal trade growth set to more than double this yearUS revokes licences for supply of chips to China’s HuaweiReddit soars 16% after beating Wall Street estimates in first post-IPO quarterThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from rural areas as traffickers shift to synthetic drugs. Plus, the FT’s Anna Nicolaou explains the rival bids to buy Paramount. Mentioned in this podcast:SoftBank leads $1bn funding for UK artificial intelligence group WayveEl Chapo’s opium heartland bereft as Mexico cartels embrace fentanylShari Redstone, a media scion weighing the future of her ravaged empireJames Cameron and Ari Emanuel back Skydance bid for ParamountBrussels seeks to ban Russian funding of European politiciansThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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