FT News Briefing

Drought causes headaches for Panama Canal

Some of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s slowing down traffic through the Panama Canal.  Mentioned in this podcast:<a href="https://on.ft.com/3YXTH3j" rel="noopener noreferrer" target="_blank">Private equity firms hand over assets to creditors as distress rates rise</a><a href="https://on.ft.com/44ftM8a" rel="noopener noreferrer" target="_blank">Iran grapples with unintended consequences of ultra-cheap petrol</a><a href="https://on.ft.com/3YALlyh" rel="noopener noreferrer" target="_blank">Severe drought in Panama hits global shipping industry</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. <a href="https://www.ft.com/content/3a9e06b6-2b46-4f80-8204-93855ee50a44" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.