FT News Briefing

Asset managers cool on climate group

European Commision president Ursula von der Leyen says Europe’s military needs to step up and two of the world’s biggest asset managers are quitting an investor group set up to prod companies over global warming. Plus, big food companies are jumping into new farming practices meant to store carbon underground, but there are significant hurdles.  Mentioned in this podcast:<a href="https://on.ft.com/3HZdrf9" rel="noopener noreferrer" target="_blank">Von der Leyen calls on EU to subsidise defence production</a><a href="https://on.ft.com/3OLrVDf" rel="noopener noreferrer" target="_blank">JPMorgan and State Street quit climate group as BlackRock scales back</a><a href="https://on.ft.com/3T1rU0u" rel="noopener noreferrer" target="_blank">The dubious climate gains of turning soil into a carbon sink</a><a href="https://on.ft.com/42JuQSk" rel="noopener noreferrer" target="_blank">Hedge fund stampede into cocoa futures fuels record price spike</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/b518937e-80fa-4bb1-b7b9-824fc828523f" 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.