FT News Briefing

Spotify grows up

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout. Mentioned in this podcast:<a href="https://on.ft.com/4aJSdhW" rel="noopener noreferrer" target="_blank">Tesla revenue declines in first quarter as vehicle sales slow</a><a href="https://on.ft.com/49PyVGD" rel="noopener noreferrer" target="_blank">Spotify hits record quarterly profit as it enters ‘new phase’</a><a href="https://on.ft.com/3vUrIHG" rel="noopener noreferrer" target="_blank">US FTC bans non-compete agreements</a><a href="https://on.ft.com/4aJQRUD" rel="noopener noreferrer" target="_blank">Demand for Egyptian debt surges after $55bn bailout and investment package</a><a href="https://on.ft.com/4aJQRE7" rel="noopener noreferrer" target="_blank">Latin American cocoa farmers rush to expand planting as prices spike</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, 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/e05e6de0-58a4-4076-8b80-9754945ee3af" 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.