FT News Briefing

Volkswagen’s dire warning

Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts  Mentioned in this podcast:<a href="https://on.ft.com/3X7JNvg" rel="noopener noreferrer" target="_blank">Joe Biden set to block Nippon Steel’s takeover of US Steel</a> <a href="https://on.ft.com/3AN7UIi" rel="noopener noreferrer" target="_blank">Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand</a> <a href="https://on.ft.com/3B1X019" rel="noopener noreferrer" target="_blank">‘Incompetence, dishonesty and greed’: Key findings of Grenfell report</a> <a href="https://on.ft.com/3Xd6Pkn" rel="noopener noreferrer" target="_blank">Egypt’s journey from gas bonanza to power blackouts</a> CREDIT: AP The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, 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/6ec3e973-108c-474a-bff5-0c9b37da924c" 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.