FT News Briefing

Germany’s €60bn budget hole

A record number of Chinese people have defaulted since the outbreak of the coronavirus pandemic, a court ruling in Germany has opened up a huge €60bn hole in the country’s budget, and the FT’s Christine Murray explains why Mexico is benefitting from companies rethinking their foreign investments. Mentioned in this podcast:<a href="https://on.ft.com/3T2DYij" rel="noopener noreferrer" target="_blank">Chinese people default in record numbers as economic crisis deepens</a><a href="https://on.ft.com/40VsQG1" rel="noopener noreferrer" target="_blank">‘A house of cards’: court ruling leaves Olaf Scholz’s legacy in tatters</a><a href="https://on.ft.com/3RhRKwi" rel="noopener noreferrer" target="_blank">The city where Mexico’s nearshoring hype is becoming reality</a><a href="https://on.ft.com/3sMNN9x" rel="noopener noreferrer" target="_blank">Berkshire Hathaway’s Charlie Munger dies aged 99</a> 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. <a href="https://www.ft.com/content/19b9b9b8-781c-40cf-b64e-9334d9622dca" 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.