FT News Briefing

Sam Bankman-Fried gets 25 years in prison

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:<a href="https://on.ft.com/3TV9Buh" rel="noopener noreferrer" target="_blank">Thames Water shareholders signal readiness to take £5bn hit</a><a href="https://on.ft.com/3xgxIL5" rel="noopener noreferrer" target="_blank">FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud</a><a href="https://on.ft.com/4aBNoHb" rel="noopener noreferrer" target="_blank">Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge</a><a href="https://on.ft.com/4acvMBE" rel="noopener noreferrer" target="_blank">Oodles of noodles: how a global favourite became an economic red flag</a> The 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. <a href="https://www.ft.com/content/e38d8333-4f5d-461b-b849-4e902b7bb1e4" 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.