FT News Briefing

EY’s new leader has her work cut out for her

More than half of low-income UK households with mortgages have fallen behind on one or more of their bills and Alibaba disappointed investors after announcing that it ditched plans to spin off its cloud business. Plus, the FT’s Stephen Foley talks about EY’s new leader Janet Truncale and how she might steer the accounting firm. Mentioned in this podcast:<a href="https://on.ft.com/47CAszm" rel="noopener noreferrer" target="_blank">Alibaba ditches plans to spin off cloud business and list supermarket</a><a href="https://on.ft.com/3MLF7a4" rel="noopener noreferrer" target="_blank">EY picks Janet Truncale as the first woman to lead a Big Four firm</a><a href="https://on.ft.com/3sDdFEA" rel="noopener noreferrer" target="_blank">Low-income borrowers hit hardest by Bank of England rate rises</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, 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.  <a href="https://www.ft.com/content/339143a1-a179-49e9-add0-a8c9c7b6fc63" 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.