FT News Briefing

US pressure on Ukraine and its allies to agree a peace deal with Russia ignites fresh concern in Europe, and the US has officially designated Venezuela’s “Cartel of the Suns” a terror group. Plus, Europe looks to increase investment rules to stand up to China, and a look at why insurance companies are thinking about excluding AI risks from their corporate policies. Mentioned in this podcast: Trump hits out at Ukraine and Europe as confusion over US position mounts What is Venezuela’s ‘Cartel of the Suns’? EU to tighten investment rules to stand up to China Insurers retreat from AI cover as risk of multibillion-dollar claims mounts Moderna is most shorted stock in S&P 500 as Americans skip jabs Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tech stocks have been on a rollercoaster since Nvidia reported earnings, the US added 119,000 jobs in September but unemployment reached its highest level in four years, and the US has formally handed Ukraine a sweeping peace plan drawn up with Moscow. Plus, we’ll go over all the drama that’s ensued in the run-up to the G20 conference in South Africa. Mentioned in this podcast: US tech stocks slide as jolt of volatility hits Wall Street The American exceptionalism trade is wobbling US adds 119,000 jobs in September but unemployment hits four-year peak US hands Ukraine new peace plan drawn up with Russia Trump’s total boycott of G20 casts shadow over its future To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia grew sales of its chips even faster than Wall Street anticipated in its latest quarter, and UK inflation fell to 3.6 per cent in October. Plus, Paramount is trying to buy Warner Brothers Discovery and China’s opaque economic data is coming under scrutiny. Mentioned in this podcast: Nvidia reports strong growth from bumper AI chip sales The president’s men: Ellisons’ Trump ties shape battle for Warner Bros UK inflation falls to 3.6% in October The growing problem with China’s unreliable numbers Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Marc Filippino and produced by Lucy Baldwin, Fiona Symon, Victoria Craig, Sonja Hutson Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta has won the antitrust case that threatened to break it apart, the EU plans to create a central body to co-ordinate the purchasing and stockpiling of critical minerals. Plus, US tech stocks sold off on Tuesday as worries mounted over high valuations for artificial intelligence companies, and activist hedge fund Elliott Management has built a large stake in Barrick Mining. Mentioned in this podcast: Meta wins US case that threatened split with WhatsApp and Instagram Brussels plans minerals stockpile centre to stop US snapping up supplies US tech stocks dip as traders fret over ‘frothy’ AI valuations Elliott builds stake in gold miner Barrick Today’s FT News Briefing was produced by Fiona Symon and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The cryptocurrency market is struggling as bitcoin has lost all its gains from this year, and HSBC leaders cannot agree on the bank's next chair of the board. Plus, the US House of Representatives votes on the release of the Jeffrey Epstein files today, and the Financial Times’ Alison Killing explains why an estimated multitrillion-dollar infrastructure project in Saudi Arabia may take decades to get done. Mentioned in this podcast: Crypto market sheds $1.1tn as traders shun speculative assets HSBC board at odds over candidates to succeed Mark Tucker as chair Donald Trump backs vote to release Jeffrey Epstein files End of The Line: how Saudi Arabia’s Neom dream unravelled Today’s FT News Briefing was produced by Victoria Craig, Fiona Symon, Persis Love, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs is on track to notch its best performance in the global deals market in 24 years. Plus, what UK gilt markets are looking for after Friday’s selloff, and how Spain’s deficit is set to fall below Germany’s for the first time in two decades. And, the government shutdown has posed complications for US economic data collection. Mentioned in this podcast: Goldman Sachs on brink of best M&A performance in 24 years UK politics as it happened — Gilts sell off on tax plan U-turn US economic outlook obscured by shutdown-triggered data gap Spain’s deficit to fall below Germany’s for the first time in two decades UK to launch first lead poisoning screening study of children after FT investigation Toxic legacy: uncovering the threat of lead poisoning Today’s FT News Briefing was produced by Julia Webster, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oracle’s enormous borrowing to fund a push into artificial intelligence computing has spooked investors, Sir Jim Ratcliffe’s heavily indebted empire, Ineos, is under increasing financial pressure, and we take a look at a glaring hole in US inflation data. Plus, the FT’s Sonja Hutson reports back from Bethlehem, Pennsylvania, as part of a new FT series. Mentioned in this podcast: Oracle hammered in tech sell-off over its huge AI bet Ineos debt sell-off accelerates amid fears over European chemicals sector ‘Big Short’ investor Michael Burry to close hedge fund as he warns on valuations The Bethlehem Project: An immigration raid divides a community Subscribe to the Swamp Notes podcast Today’s FT News Briefing was produced by Henry Larson, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an inaugural bond sale. Plus, an increasing number of wealthy Chinese people are trying to set up family offices and secure residency in the Gulf, rather than Singapore. Mentioned in this podcast: US government shutdown nears an end as House approves funding deal Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues Scotland handed same credit rating as UK ahead of debut ‘kilts’ sale Wealthy Chinese sidestep Singapore for Dubai US mints last penny after Trump killed coin Credit: Myles McCormick Today’s FT News Briefing was produced by Lulu Smyth Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The International Energy Agency says global oil and gas demand will rise for the next 25 years if the world does not change course; Masayoshi Son’s SoftBank Group has sold its entire stake in Nvidia; and investors have been selling off the debt of US tech heavyweights. Plus, Italian Prime Minister Giorgia Meloni’s plan to reduce income taxes for the “middle-class” has sparked criticism that she is helping the rich. Mentioned in this podcast: Oil and gas demand to rise for 25 years without global change of course, says IEA Why Nvidia should be glad to see the back of SoftBank SoftBank sells Nvidia stake for $5.8bn as it prepares for AI investments Investor angst over Big Tech’s AI spending spills into bond market Giorgia Meloni’s ‘middle-class’ tax cut sparks political row in Italy Today’s FT News Briefing was produced by Victoria Craig, Lulu Smyth and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Aramco is shifting its focus to natural gas, Donald Trump has threatened to sue the BBC for at least $1bn over an edit of a speech he gave on January 6 2021, and a $23bn mine in Guinea opens today and it is seen as a huge win for China. Mentioned in this podcast: Saudi Aramco steps up gas push to meet surging electricity demand Donald Trump threatens to sue BBC for $1bn over January 6 speech edit How the world’s biggest mining project is a win for China Today’s FT News Briefing was produced by Lulu Smyth, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Senate takes the first step to ending the government shutdown, and COP30 climate talks kick off in Brazil. Plus, stricter regulation puts the squeeze on Switzerland’s prized finance sector. And, can Indian Prime Minister Narendra Modi’s push to counter US tariffs help Zoho truly rival Whatsapp? Mentioned in this podcast: US senators strike deal in first step to ending government shutdown The world is struggling to halt climate change. But can it adapt? Swiss finance shrinks as regulators tighten grip on prized sector India boosts homegrown WhatsApp rival in tech nationalism drive The 900-page book that China watchers count on Today’s FT News Briefing was produced by Nisha Patel, Sonja Hutson and Victoria Craig. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla investors have overwhelmingly backed Elon Musk’s $1tn pay deal, Hungary’s prime minister travels to Washington to make the case for a Russian oil sanctions exemption, and the Bank of England keeps rates on hold. Plus, why UK bond markets are keeping calm and carrying on despite turmoil ahead of Labour’s Budget announcement. Mentioned in this podcast: Tesla shareholders approve Elon Musk’s $1tn pay deal Bank of England keeps rates on hold at 4% in knife-edge decision Orbán to seek approval from Trump to continue importing Russian oil Bond markets are winning the Budget stand-off Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Supreme Court justices appeared sceptical of Donald Trump’s use of emergency powers to impose tariffs, and Argentine President Javier Milei has rejected investor calls to allow the peso to float freely. Plus, contentious bankruptcy proceedings for First Brands begin today. Mentioned in this podcast: Investors could face a bonfire night surprise on Trump tariffs ‘A glorious mess’: First Brands creditors brace for Houston court clash Milei defies calls to float Argentine peso Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US voters issued a rebuke of President Donald Trump, US stocks dropped on Tuesday as jitters over highly elevated valuations for many artificial intelligence companies intensified, and some investors are worried there’s an AI bubble in Asian stocks as well. Plus, UniCredit’s ambition to become a European banking powerhouse has hit a series of roadblocks. Mentioned in this podcast: US election results live Listen to the Swamp Notes podcast US stocks slide as investors fret over high valuations for AI companies Asian markets’ reliance on AI boom raises ‘bubble’ fears What next for Andrea Orcel’s UniCredit? Today’s FT News Briefing was produced by Marc Filippino, Sonja Hutson, Lulu Smyth and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Palantir lifted its 2025 revenue guidance and Pfizer has filed a second lawsuit against Novo Nordisk and obesity drug start-up Metsera. Plus, OpenAI inked a $38bn computing deal with Amazon, and the FT’s Claire Jones explains how the Trump administration is considering pushing for wider global dollar adoption. Mentioned in this podcast: Palantir lifts 2025 sales outlook after posting strong quarterly growth Pfizer files second lawsuit to block Novo Nordisk’s $9bn Metsera bid OpenAI strikes $38bn computing deal with Amazon US pushes for wider global dollar adoption Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court begins hearing arguments this week for President Trump’s tariff policy. Plus, voters will head to the polls for state races seen as a referendum on the first year of Trump’s second term, and private equity may be full of zombie firms in the next decade. Then, a look at how China is filling a gap in the solar-energy space. Mentioned in this podcast: Businesses press Supreme Court to strike down Trump’s emergency tariff power Trump and plastic bags: New Jersey is bellwether of US political mood Private capital zombie firms will pile up in next decade, says EQT chief The global boom in solar – with or without the US Today’s FT News Briefing was produced by Sonja Hutson, Marc Filippino, and Victoria Craig. Our show was mixed by Alex Higgins. Additional help Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon and Apple delivered solid earnings reports, and the FT’s Gideon Rachman explores whether Donald Trump’s foreign policy wins in Asia will hold. Plus, the European Central Bank has left its benchmark interest rate unchanged and the FT’s Jennifer Hughes says India’s initial public offering boom is not too hot, not too cold – it’s just right. Mentioned in this podcast: Amazon revenues rise 13% on strength in cloud computing unit Apple predicts holiday boom in iPhone sales ‘Rely on America at your peril’: the vagaries of Trump’s foreign policy Eurozone economy expands 0.2% in third quarter ECB holds interest rates at 2% India’s IPO boom has a goldilocks feel Today’s FT News Briefing was produced by Lucy Baldwin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta and Microsoft had mixed earnings reports, the Federal Reserve cut interest rates and said it would halt quantitative tightening and South Korea has agreed to invest $350bn in the US in return for lower tariffs on car exports. Plus, John Malone is stepping down as chair of his media and telecoms empire, marking the end of an era in which the “cable cowboy” reshaped both industries. Mentioned in this podcast: Meta hit by huge AI spending Federal Reserve trims US interest rates by quarter point but casts doubt on December cut Federal Reserve nears end of QT amid signs of stress in money markets US and South Korea seal trade deal ‘Cable cowboy’ John Malone to step down from media and telecoms empire Today’s FT News Briefing was produced by Lucy Baldwin, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI said it had completed a long-awaited restructuring, and Tesla’s chair has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package. Plus, South Korea’s Kospi is the world's top-performing major stock index by far this year. Mentioned in this podcast: Microsoft valuation passes $4tn as OpenAI completes restructuring Tesla chair warns Musk could quit if shareholders reject $1tn pay deal What is driving the world’s best-performing stock market? Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US companies struck more than $80bn worth of deals, Argentina’s currency and government bonds surged after a landslide electoral victory for President Javier Milei’s party. Plus, JPMorgan Chase has invested $75mn in an Idaho-based mining company, and Apple’s services revenue is projected to climb to record highs. Mentioned in this podcast: US companies strike $80bn in mergers as Trump boosts dealmaking Argentine bonds and currency surge after victory for Javier Milei’s party JPMorgan backs gold miner in initial investment by ‘America First’ fund Apple hits $100bn services revenue milestone despite growing legal risks Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump is in Asia this week ahead of high-stakes trade talks with Chinese President Xi Jinping. Plus, the UK chancellor is pushing for her own trade deal in the Gulf, and the US Federal Reserve is heading into its next meeting without some important economic data. Mentioned in this podcast: ‘Positive framework’ agreed for Trump-Xi summit, says Scott Bessent UK chancellor to hold Gulf trade talks in push for pro-growth policies Markets brace as Argentines go to the polls Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Laura Hughes receives a tip that horses are dropping dead in Wales. As she investigates, she finds decades of academic studies researching the problem. She learns these aren’t isolated incidents. Something is spreading across the countryside. It’s undetectable to humans, nobody knows it’s there — until they fall ill. Subscribe to Untold: Toxic Legacy, for the rest of the series. For more information on how to live safely with lead, please visit the LEAPP Alliance website. Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump’s sanctions on Russian oil companies shook energy markets on Thursday, and the US president pardoned Binance co-founder Changpeng Zhao. Plus, President Javier Milei’s economic plan rests in the hands of this weekend’s midterms elections in Argentina. Mentioned in this podcast: Trump’s oil sanctions shake India and energy markets Donald Trump pardons Binance crypto founder Changpeng Zhao Milei’s make-or-break moment Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla said its quarterly profit fell by more than a quarter, Sequoia Capital’s chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, and UK inflation unexpectedly held steady at 3.8 per cent in September. Plus, the Trump administration has been quietly suppressing climate change data. Mentioned in this podcast: Tesla profits drop more than a quarter despite record sales Sequoia COO quit over Shaun Maguire’s comments about Mamdani UK inflation unexpectedly holds steady at 3.8% in September The costs of Trump’s campaign to censor climate science Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix shares fell as a dispute with Brazilian tax authorities cut into its profits, Unilever said it has delayed the spin-off of its €15bn ice cream division because of the US government shutdown and gold had its worst day in more than a decade yesterday. Plus, critics are questioning whether South Africa’s Black empowerment policies are really paying off. Mentioned in this podcast: Netflix shares drop as Brazil tax dispute hits profits Unilever’s €15bn ice cream spin-off delayed by US government shutdown Gold tumbles 6% in biggest sell-off since 2013 South Africans question future of Black empowerment policies Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European governments have rallied behind Ukrainian President Volodymyr Zelenskyy and are rushing to secure a deal on the use of Russia’s frozen assets, a coalition deal in Japan paves the way for Sanae Takaichi to become the country’s first female prime minister, and Amazon Web Services experienced a major outage on Monday. Plus, Marc Rowan, chief executive of Apollo Global Management, has said Europe is “at war with itself” over financial regulation. Mentioned in this podcast: Europeans rush to Volodymyr Zelenskyy’s defence after tense Donald Trump meeting Apollo’s Marc Rowan says ‘at war with itself’ over finance regulation Amazon says cloud services recovering from widespread outage Japan coalition deal paves way for Sanae Takaichi to become first female PM Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michela Tindera, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump urged his Ukrainian counterpart to accept Russia’s war terms during Friday’s volatile White House meeting, and five-year plans still have a place in Chinese politics despite massive changes to its economic system. Plus, global hedge funds are listing in Hong Kong again after an extended slowdown, and the battle for control of rare earth metals is turbocharging stock prices in this sector. Mentioned in this podcast: Trump urged Zelenskyy to accept Putin’s terms or be ‘destroyed’ by Russia China pushes high-tech in 5-year plan as US tensions rise Why China still loves its five-year plans Hedge funds return to Hong Kong listings Rare earths shares soar as US and China battle over export controls Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in US regional banks fell on Thursday after two lenders disclosed that they were exposed to alleged fraud by borrowers, and the UK economy grew 0.1 per cent in August. Plus, Japan is having a hard time keeping up with demand for matcha. Mentioned in this podcast: US regional bank shares sink on credit worries after fraud disclosures UK economy grew 0.1% in August Japan buckles under matcha mania Today’s FT News Briefing was produced by Michela Tindera, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big investors are cutting back their exposure to riskier corporate debt, the IMF doled out some advice to the US and the UK, and China’s economy remained mired in deflation last month. Plus, Turkey’s business community is being rattled by an anti-corruption drive that has swept up hundreds of companies. Mentioned in this podcast: Big investors scale back risky bond exposure after storming rally IMF warns US must tackle its yawning deficit IMF urges UK to stick with two official economic forecasts every year China’s consumer prices fall as deflationary pressures persist Crackdown or capital grab? Turkey state fund controls 1,000 businesses Email Marc your questions about US politics: Marc.filippino@ft.com Today’s FT News Briefing was produced by Lucy Baldwin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The leaders of Goldman Sachs, JPMorgan Chase and Citi warned that investor exuberance risked driving financial markets into bubble territory, and US investors are hunting for private data as the federal government shutdown is blocking the release of crucial reports. Plus, silver hit a record on Tuesday, and investors are facing a growing concern that European defence start-ups are oversaturating the market. Mentioned in this podcast: Banks caution over bubble as they report bumper profits US government shutdown leaves traders ‘flying blind’ on jobs data Silver price hits record amid scramble in London market Investors confront top of European defence start-up ‘hype cycle’ Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stock markets rebounded on Monday, and the Netherlands has taken control of a Chinese-owned semiconductor company. Plus, US President Donald Trump visited Jerusalem on Monday to celebrate the release of Israel’s hostages, and Europe’s lagging IPO market is starting to pick back up. Mentioned in this podcast: US stocks rebound after Donald Trump takes softer tone on China Dutch government takes control of Chinese-owned chipmaker Nexperia Trump arrives in Egypt after hailing ‘historic dawn of a new Middle East’ European IPO markets show signs of revival Economics Nobel Prize awarded for explaining innovation-driven growth Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has threatened new “large scale” export controls on China, and Wall Street’s investment banks just wrapped up a record-breaking quarter. Plus, dozens of European lawmakers are earning income from side hustles connected to their legislative responsibilities, and OpenAI’s ownership structure is making it harder for the company to raise money. Mentioned in this podcast: China blames Trump and US for escalating trade war Wall Street investment banking revenues poised to top $9bn Scores of MEPs hold side jobs in sectors where they steer EU laws Who owns OpenAI? blockbuster deals complicate investor payouts Check out ‘Toxic Legacy’ from the FT’s Untold podcast Today’s FT News Briefing was produced by Ethan Plotkin, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Israeli government approved the US-brokered deal for a ceasefire and hostage release in Gaza, the US Treasury has intervened in Argentina’s currency market, and Danish offshore wind developer Ørsted plans to cut about a quarter of its workforce. Plus, the FT’s Katie Martin explains why the good vibes in the markets are really just investors running on fumes. Mentioned in this podcast: Israeli government approves Gaza ceasefire deal and hostage release Ørsted to cut quarter of workforce after US setbacks US Treasury intervenes in Argentina’s currency market Brace for a market melt-up Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the world are facing criticism for a widely used monetary tool. Mentioned in this podcast: Donald Trump says Israel and Hamas have agreed first phase of Gaza peace plan US demands EU dismantle green regulations in threat to trade deal China launches customs crackdown on Nvidia AI chips The populist shadow hanging over central banks and QE The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Lucy Baldwin, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging markets. Mentioned in this podcast: UBS fund holds 30% exposure linked to First Brands Why carmakers are falling back in love with petrol Global investors stage cautious return to Chinese start-ups Emerging markets roar back with biggest stock rally in 15 years The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Fiona Symon, Ethan Plotkin, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused companies lose out. Mentioned in this podcast: EU to curb Russian diplomats’ travel as suspected spy attacks mount OpenAI targets 10% AMD stake via multibillion-dollar chip deal France in fresh political and market turmoil after prime minister resigns Multinationals race ahead as dollar slump divides US stock market Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Lulu Smyth. Additional help from Alexander Higgins, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel and Hamas head into crunch-time negotiations in Cairo, and Japan’s prospective new prime minister will have work to do to bring her party back together. Plus, Europe is facing a flood of cheap Chinese textile imports, and investors are piling into an unproven technology to power the US artificial intelligence boom. Mentioned in this podcast: Israel and Hamas prepare for crunch ceasefire talks Japan gears up for ‘Takaichi trade’ as first female leader prepares for power China reroutes clothes exports to Europe after US tariffs upset trade US and investors gambling on unproven nuclear technology, warn experts Billionaire beef baron warns US not producing enough to satisfy protein craze Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Description: The US will provide Ukraine with new intelligence, the American company behind Fico homebuyer credit scores is shaking up the mortgage industry, and Tesla’s global deliveries hit a new record in the third quarter. Plus, Saudi Arabia’s Prince Mohammed bin Salman has sidelined hardliners and sought to remake Islam in a country long seen as exporting radicalism. Mentioned in this podcast: US to provide intel to guide Ukrainian long-range missile attacks on Russia Credit bureaus snubbed in ‘Fico’ plan to sell mortgage scores direct to users Tesla sales hit record as US buyers rush to beat end of tax credits How Mohammed bin Salman curbed Saudi Arabia’s clerics Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sales of Chinese electric-car maker BYD fell for the first time in 19 months in September, the US government shutdown is not likely to affect interest rates, and a fresh bout of jitters is shaking Argentina’s financial markets. Plus, a nascent solar revolution is taking hold in Africa’s largest oil-producing nation, Nigeria. Mentioned in this podcast: BYD monthly sales fall for first time since early 2024 US government shutdown unlikely to prompt deeper Fed cuts Argentine assets hit by fresh selling amid worries over US bailout Solar shines in the rush for power in Africa’s largest petrostate The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Gary, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US government has shut down after Democrats and Republicans failed to agree on a spending deal before the October 1 deadline, and Sir Keir Starmer has tried to revive his floundering premiership by urging his Labour party to launch a “patriotic” fight against Nigel Farage’s Reform UK. Plus, US President Donald Trump is launching a direct-to-consumer drug sales programme, and Spotify is appointing co-CEOs to replace Daniel Ek. Mentioned in this podcast: Donald Trump announces direct-to-consumer ‘TrumpRx’ drug sales programme What happens if the US government shuts down? Starmer urges Labour to launch ‘patriotic’ fight against Reform Spotify CEO Daniel Ek to step down as music streamer splits role Listen to Political Fix here: https://podfollow.com/975569919 The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Elon Musk’s business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise taxes in the Budget. Plus, the euro’s biggest rally since 2017 has further to run, Wall Street banks are predicting. Mentioned in this podcast: Elon Musk hit by exodus of senior staff over burnout and politics Video games maker Electronic Arts strikes $55bn deal to go private Labour refuses to rule out manifesto-breaking tax rises Euro’s rally has further to run, Wall Street banks predict The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration’s financial regulator is preparing to change five decades of corporate reporting practice, and the US government is once again on the brink of a shutdown. Plus, Denmark is closing its airspace to drones after a series of incursions, and drive-throughs are the latest craze sweeping the coffee world. Mentioned in this podcast: Let the market decide how often companies report Trump to meet lawmakers with government shutdown days away Denmark bans civil drones for a week after sightings over military bases The rise of drive-through US coffee chains with a need for speed Why Japan is sprucing up its shabby offices Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. And we need your help in order to win. Please vote for us by clicking the link. Also vote for our other FT podcasts who have been nominated for a Signal award, Behind the Money and Tech Tonic. We promise the whole process will take less than five minutes. Vote for the FT News Briefing Vote for Behind the Money Vote for Tech Tonic Hosted on Acast. See acast.com/privacy for more information.

Oracle, private equity group Silver Lake and Abu Dhabi’s MGX will control roughly 45 per cent of TikTok USA, Germany’s chancellor has called for Europe to use frozen Russian assets to create new loan to finance Ukraine’s war effort, and a landmark trial finds former French president Nicolas Sarkozy guilty of criminal conspiracy. Plus, can a US bailout save Argentina’s president from deepening political problems? Mentioned in this podcast: TikTok US to be valued at $14bn after Trump’s deal, White House says European officials fear Trump is preparing to blame them for Ukraine failure Germany’s Merz backs using frozen Russian assets for Ukraine Nicolas Sarkozy sentenced to 5 years in prison in Libya corruption trial Can a US bailout save Argentina’s Javier Milei? Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale Today’s FT News Briefing was produced by Persis Love, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

BNP Paribas has relaxed a policy that blocked it from financing “controversial weapons”, US debt investors have raised the alarm over lax lending standards in credit markets, and Italy is considering a freeze in its retirement age of 67. Plus, Singapore and Hong Kong want to become major players in the gold market. Mentioned in this podcast: BNP Paribas drops pledge not to finance ‘controversial weapons’ US debt investors raise alarm over lending standards Italy weighs freezing its retirement age at 67 Singapore and Hong Kong shoot for place in gold firmament Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The boss of Eli Lilly has branded the UK “probably the worst country in Europe” for drug prices, US President Donald Trump hit out at the UN at a speech at the global body’s General Assembly, and the Federal Reserve has scope to cut interest rates another three times, the OECD has said. Plus, the biggest US-listed companies keep talking about artificial intelligence, but few appear to be able to describe how the technology is changing their businesses for the better. Mentioned in this podcast: Eli Lilly boss brands UK ‘worst country in Europe’ for cheap drug prices Can the UN save itself from irrelevance? Federal Reserve has room for three more rate cuts as US growth slows, says OECD UK set for highest inflation in G7, says OECD America’s top companies keep talking about AI — but can’t explain the upsides Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale CREDIT: PBS and the White House Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia said it planned to invest up to $100bn in OpenAI to support a massive build-out of artificial intelligence data centres, Oracle’s Safra Catz is stepping down as chief executive and the US is considering a “large and forceful” intervention to support Argentina through a bout of severe market volatility. Plus, shares in Indian IT companies fell after US President Donald Trump sharply raised the application fee for H-1B visas. Mentioned in this podcast: Nvidia to invest up to $100bn in OpenAI Oracle splits CEO role as Safra Catz steps down TikTok algorithm to be overseen by Oracle in Trump deal US offers financial lifeline to Argentina’s Javier Milei Indian IT shares fall over fears from Trump’s $100,000 H-1B visa fee Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US companies may have to pay billions in new fees to hire foreign workers, and US tech groups are losing a political battle in Brussels to gain access to the EU’s financial data market. Plus, the UK joined Canada and Australia in recognising a Palestinian state on Sunday, and a Chinese retail giant is facing some growing pains on its European expansion plans. Mentioned in this podcast: Trump’s H-1B visa fee to hit US employers with $14bn annual bill EU to block Big Tech from new financial data sharing system UK, Canada and Australia recognise Palestine as an independent state Will Benjamin Netanyahu annex the West Bank? China’s rival to Amazon battles to go global after failed UK bids Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Deutsche Bank chief executive Christian Sewing is set to be named as a defendant in legal proceedings, UK Prime Minister Sir Keir Starmer and US President Donald Trump did their best to present a united front, and the Bank of England kept interest rates steady. Plus, Nvidia has agreed to invest $5bn in its struggling rival Intel. Mentioned in this podcast: Deutsche Bank chief Christian Sewing set to face multimillion-pound lawsuit Trump and Starmer at Chequers as it happened: leaders present united front after lavish state visit BoE holds interest rates at 4% and slows ‘quantitative tightening’ Nvidia to invest $5bn in rival Intel CREDIT: CBS News Today’s FT News Briefing was produced by Josh Gabert-Doyon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve has cut interest rates for the first time this year and China is banning its tech companies from buying AI chips made by Nvidia. Plus, how did the Swiss National Bank become one of the world’s top investors in US tech? Mentioned in this podcast: Federal Reserve cuts rates by quarter point and signals more to come China bans tech companies from buying Nvidia’s AI chips Switzerland’s US tech ‘whale’ Protesters against Trump state visit march through London Credit: Reuters Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The UK and US are set to announce deeper co-operation on digital assets such as cryptocurrencies, a UN commission concluded that Israel has committed genocide against Palestinians in Gaza, and Mario Draghi has warned that the EU’s economic competitiveness is on the retreat due to “inaction” by Brussels. Plus, Donald Trump’s administration is shifting the balance of power from shareholders to company bosses. Mentioned in this podcast: UK set to announce closer co-operation with US on cryptocurrencies Israel launches ground invasion of Gaza City EU economy falls behind global rivals due to ‘complacency’, warns Mario Draghi Donald Trump tilts balance of power from investors to CEOs Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Lisa Cook can remain a Federal Reserve governor for now, the US and China seem to be making progress in their trade talks, and the US and UK promised to boost financial ties ahead of a state visit by President Donald Trump. Plus, Gen Z is toppling governments across Asia. Mentioned in this podcast: Lisa Cook can stay at Fed ahead of rates decision, appeals court rules UK and US pledge to boost financial ties ahead of Trump state visit Donald Trump signals US and China have struck TikTok deal The Gen Z revolution spreading in Asia Today’s FT News Briefing was produced by Fiona Symon and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Borrowing costs for the French government are outpacing some French corporations, and the threats to Turkey’s leading opposition party may be part of a wider push to change the country’s democracy. Plus, Chinese export controls on Germanium are forcing defence firms to seek new suppliers, and the failure of a little-known US car lender may spell trouble for the wider banking sector. Mentioned in this podcast: French companies’ borrowing costs fall below government’s as debt fears intensify Is this the end of Atatürk’s party? China’s curbs on defence metal germanium create ‘desperate’ supply squeeze Car lender’s failure hints at what’s under the hood in private credit US justice department probes fraud allegations at subprime car lender Tricolor Today’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Victoria Craig. Additional help from Alexander Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Brazil’s supreme court has voted to convict former president Jair Bolsonaro for plotting a coup d’état, conservative activist Charlie Kirk’s killing led to calls on the right for retribution, and US inflation data confirm the Fed’s dual-mandate conundrum. Plus, shares in bitcoin-hoarding companies have tumbled in recent weeks as investors grow increasingly concerned about an overcrowded market. Mentioned in this podcast: Brazil’s supreme court finds former leader Jair Bolsonaro guilty of plotting coup Charlie Kirk’s shooting leads to calls for retribution Charlie Kirk’s killing and the ‘despicable violence’ of US politics US inflation rises to 2.9% in August Shares in bitcoin hoarders sink as ‘crypto treasury’ mania sours Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Victoria Craig. Additional help from Kent Militzer and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Conservative political activist Charlie Kirk was shot dead, military analysts are worried about Nato’s response to a Russian drone attack, and US drugmaker Merck has scrapped a £1bn London research centre. Plus, investors have raised a record amount this year off “Bowie bonds”. Mentioned in this podcast: Donald Trump ally Charlie Kirk shot dead in Utah What is Vladimir Putin’s game plan against Nato’s eastern flank? Merck slams UK as it scraps £1bn London drug research centre ‘Bowie bonds’ go mainstream as Wall Street chases returns Email Swamp Notes with your questions Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova and Sonja Hutson. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US annual jobs numbers get a revision, and Israel is intensifying its fight against Hamas. Plus, there’s a brand new copper mining conglomerate, and South Korean companies have been cutting corners to bring workers to the US. Mentioned in this podcast: US hiring growth revised down by 911,000 jobs in year to March Israel launches attack on Hamas in Qatar Anglo American and Tech Resources to create $50bn mining giant Korean companies admit cutting corners on US visas but say they have little choice Macron appoints ally Sébastien Lecornu as France’s prime minister Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Sonja Hutson. Additional help from Kelly Garry, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rupert Murdoch has resolved the bitter dispute over his sprawling media empire, France is once again without a prime minister, and US bank PNC has agreed to buy smaller peer FirstBank. Plus, North Cyprus is betting big on casinos to boost its economy. Mentioned in this podcast: Murdoch seals $3.3bn succession deal to hand empire to eldest son Macron scouts for new prime minister to quell turmoil PNC to buy Colorado’s FirstBank for $4.1bn North Cyprus casino plans stoke fears of slide towards ‘dark’ economy Today’s FT News Briefing was produced by Katya Kumkova and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The French government is on the brink of another collapse, and Japan’s prime minister quits after just a year in office. Plus, China may open its domestic bond market to Russian companies for the first time since 2022, and US economic data is complicating the Federal Reserve’s upcoming decision on interest rates. Mentioned in this podcast: French PM François Bayrou on the brink in crucial confidence vote Japan’s prime minister quits to make way for new leader China paves way for renminbi fundraising by Russian energy giants US adds just 22,000 jobs in August as labour market sputters Click here to access virtual sessions from the FT Weekend Festival Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Peter Barber and Alex Higgins. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market. Mentioned in this podcast: Stephen Miran vows to uphold Fed independence but says Donald Trump ‘entitled’ to a view on monetary policy Bond investors count on Trump tariff revenues to rein in US debt Nasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams Is there a future for the ‘Amazon of Africa’? Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off. Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Lloyds Banking Group will put thousands of its staff at risk of dismissal, and Indonesians are angered over the widening inequality in their country. Plus, MEPs in the European parliament are unhappy with the EU-US trade deal, and the FT’s John Foley explains what artificial intelligence has to do with the outcome of Google’s antitrust case. Mentioned in this podcast: Thousands of Lloyds staff face axe in performance overhaul European parliamentarians attack EU-US trade deal and demand changes Google shares jump after judge refrains from ordering break-up Indonesian rage over MPs ‘opulent lifestyle’ reflects deep economic discontent Google dodges a bullet Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Victoria Craig, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast: European banks push for lower cross-border hurdles US stocks fall as bond sell-off spills into equities Eurozone inflation rises to 2.1% in August Pound falls as UK long-term borrowing costs hit highest level since 1998 Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off. Today’s FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close. Mentioned in this podcast: Ursula von der Leyen’s plane hit by suspected Russian GPS interference Israeli banks plan giveaways after anger over wartime profits The Chinese gadget maker taking on Tesla and Apple Today’s FT News Briefing was produced by Josh Gabert Doyon, Marc Filippino, Persis Love, Fiona Symon and Manuela Saragosa. Additional help by David da Silva. Sound engineering by Jean-Marc Eck. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The leaders of China and India met on Sunday amid trade tensions with the US, and Guyanese voters head to the polls today to chart a future for the world’s newest petrostate. Plus, the UK secures its largest ever warship deal with Norway, and AstraZeneca’s China division has recovered from a major scandal by pledging billions in new investment. Mentioned in this podcast: Xi and Modi say they are ‘partners not rivals’ in bid to repair ties World’s newest petrostate heads for ‘mother of all elections’ UK secures largest ever warship deal from Norway AstraZeneca bounces back from scandal in China Today’s FT News Briefing was produced by Ethan Plotkin, Persis Love, and Marc Filippino. Additional help from Jean-Marc Eck and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs. Mentioned in this podcast: Singapore, UAE and other small nations to launch trade partnership Nvidia growth outlook hit by China uncertainty Japan’s ‘ninja stealth rally’ draws in global investors Listen to the Swamp Notes podcast on the World Trade Organization Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo. Mentioned in this podcast: Nvidia revenue jumps 56% on robust AI demand How SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investor Crypto goes mainstream in Venezuela London’s rush for external CEO candidates shows succession planning weakness Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors are worried that Donald Trump’s attempted firing of a Federal Reserve governor could undermine faith in the world’s most important central bank, and FT sources say the US has said it is prepared to provide intelligence assets to any western security plan for postwar Ukraine. Plus, French assets were hit on Tuesday as investors reacted to the prospect of a government collapse as soon as next month. Mentioned in this podcast: US long-term debt sells off after Trump’s attempted firing of Fed governor US offers air and intelligence support to postwar force in Ukraine French assets hit by prospect of government collapse Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Kelly Garry, Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump said he was firing Federal Reserve governor Lisa Cook, shares in Ørsted plunged after the Trump administration halted one of the Danish wind farm developer’s almost-completed projects, and Elon Musk’s xAI has sued Apple and OpenAI alleging they broke antitrust rules. Plus, Germany’s government is encouraging young people to invest in the stock market rather than rely on the country’s flailing pension programme. Mentioned in this podcast: Trump says he is firing Fed governor Lisa Cook ‘effective immediately’ Musk’s xAI sues Apple and OpenAI over ChatGPT and iPhone integration Germany’s pensions crisis: can €10 a month change how people invest? Ørsted shares plunge to record low after US government halts project Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Jay Powell signalled a monetary policy shift during a high-profile Jackson Hole speech last week, and European investors are pouring money into new air defence technology. Plus, Spanish bank Santander is seeking to become a big player in Wall Street’s Spac market. Mentioned in this podcast: Jay Powell paves the way for Federal Reserve interest rate cut in September Wall Street’s September Fed rate cut bets still hinge on economic data Venture capital steps up ‘Iron Dome’ air defence investments Santander signals Wall St ambition with Spac mandates Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, and Sonja Hutson. Additional help from Alex Higgins, Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this podcast: EU speeds up plans for digital euro after US passes stablecoin law Justice department calls on Federal Reserve to sack governor Lisa Cook ‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiply Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off. Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping. Mentioned in this podcast: Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks Target shares drop as retailer picks insider to lead turnaround drive UK inflation rises more than expected to 3.8% in July Will a 3-minute battery swap beat a 5-minute charge for China’s EV drivers? Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up? Mentioned in this podcast: Jay Powell to deliver Jackson Hole address under fire on multiple fronts US tech stocks hit by wave of concerns over future of AI boom How Novo Nordisk lost its lead in the weight loss race Labubu frenzy sends Pop Mart profits soaring Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT’s Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds. Mentioned in this podcast: Trump floats US security guarantees for Ukraine in meeting with Zelenskyy French borrowing costs close in on Italy’s as investors fret over debts Donald Trump tariffs threaten Narendra Modi’s ‘Make in India’ drive Soho House agrees $2.7bn take-private deal SoftBank to buy $2bn in Intel shares as it grows US investments Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump will meet with Ukrainian President Zelenskyy today, just days after meeting Russian President Putin, and the UK’s solar output is reaching record levels. Plus, tech companies are spending trillions to build AI data centers. Mentioned in this podcast: ‘Absolutely immense’: the companies on the hook for the $3tn AI building boom Putin demanded Ukraine cede Donetsk and Luhansk in exchange for freezing rest of front line Volodymyr Zelenskyy to press for ceasefire at Donald Trump meeting British solar power surges past 2024 total Today’s FT News Briefing was produced by Ethan Plotkin, Katya Kumkova, Marc Filippino, and Lulu Smyth. Additional help from Alex Higgins and Derek Brower. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump and Russian President Vladimir Putin meet in Alaska today, and Dubai is trying to hold on to its role as the financial centre of the Middle East. Plus, China is sending out a warning to foreign countries stockpiling rare earths metals, and the FT’s Katie Martin explains why she’s worried about the calm in the markets. Mentioned in this podcast: Can Dubai keep its crown as the Middle East’s finance capital? Investors are frogs in a Trumpian pot China warns foreign companies against stockpiling rare earths Putin hails Trump’s ‘energetic and sincere’ efforts to end Ukraine war Today’s FT News Briefing was produced by Katya Kumkova, Josh Gabert-Doyon and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being buoyed by diplomatic law. Plus, the FT’s Jamie Smyth explains why the US shale boom may be over after a decade-long run. Mentioned in this podcast: UK companies in China buoyed by diplomatic thaw US oil producers say Opec ‘price war’ will halt shale boom Initial tax data allays fears of non-dom exodus from UK Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off. Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The White House walks back expectations for Friday’s meeting between the US and Russian presidents, and Norway’s oil fund is pulling its money out of Israel. Plus, inflation stayed flat in the US in July, and storm-hit beach towns are struggling to shore up amid sand scarcity. Mentioned in this podcast: White House downplays expectations for Trump-Putin Alaska summit US inflation holds steady at 2.7% in July despite Trump’s tariffs Norway oil fund sells out of a fifth of Israeli firms amid fierce criticism Can the world’s beaches survive a sand shortage? Crypto founder Do Kwon pleads guilty to US fraud charges Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Michaela Seah, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU leaders will hold a call with US President Donald Trump ahead of his meeting with Russian leader Vladimir Putin, and the Mexican peso has emerged as an unlikely winner from Trump’s trade war. Plus, Trump has opened the door to Nvidia selling advanced AI chips to China, and the FT’s Kathrin Hille explains what’s next for Taiwan after the country’s failed recall vote. Mentioned in this podcast: EU leaders to hold call with Trump ahead of Putin meeting over Ukraine Peso soars as ‘carry trade’ reignites after tariff delays Trump opens door to Nvidia selling advanced AI chips to China for a fee Why Taiwanese fear China could take over from within Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK employers cut back hiring over labour and tax cost fears, and Ukraine and its European allies worry about US President Donald Trump’s summit with Russian President Vladimir Putin. Plus, HSBC is weighed down by woes in the Hong Kong commercial property market, and India’s huge IT sector is scrambling to counter the threat of artificial intelligence. Mentioned in this podcast: UK employers cut back hiring over labour and tax cost fears Donald Trump to meet Putin in Alaska as he signals Ukraine may need to cede land European allies back Ukraine’s borders after Donald Trump floats land swap with Russia HSBC flags 73% of Hong Kong commercial property loans as risky India’s IT services giants race to reinvent themselves for the AI age Today’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, Fiona Symon, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple. Mentioned in this podcast: https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffdd BoE cuts rates with a hawkish shift in its outlook Europe builds for war as arms factories expand at triple speed Donald Trump threatens 100% tariff on chips but with carve-out for Apple Sign up here for the Chris Giles on Central Banks newsletter. Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Sam Giovinco, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European companies are falling behind US counterparts and CoreWeave’s takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year. Mentioned in this podcast: European earnings lag behind US as trade war saps market revival CoreWeave’s $9bn takeover of Core Scientific faces revolt from top shareholders BCG consultants modelled relocating Gazans to Somalia The covert trip by Iranian nuclear experts to Russia Email Swamp Notes your questions: marc.filippino@ft.com Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir’s skyrocketing stock is raising concerns that it’s overvalued. Plus, OpenAI released a new “open-weight” model, and Russia’s banks are coming under scrutiny over bad loans. Mentioned in this podcast: Trump readies fresh sanctions against Russia’s shadow fleet Russia moves to contain concern over banks’ bad loan exposure Palantir’s valuation is a triumph of ‘number go up’ OpenAI releases open models to compete with China’s DeepSeek Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla’s board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign. Mentioned in this podcast: Donald Trump to raise tariffs on India over Russian oil purchases Deutsche Bank chief approved controversial trade he was later tasked with probing The remote Australian port caught in a US-China security tussle Tesla board awards $30bn of shares to ‘energise and focus’ Elon Musk Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany’s biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil’s judiciary, and consumers are cutting back on luxury brands. Mentioned in this podcast: Dollar rebound fizzles after jobs data disappoints Germany’s biggest sports retailer considers moving production into China Lula seizes Trump tariff threat to revive re-election push Brazil vows to defend supreme court against Donald Trump’s onslaught Luxury brands hit by drop in tourist spending in Europe and Japan Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Ethan Plotkin, Jess Smith, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This weekend, we're sharing an episode from our fellow FT podcast, Swamp Notes. The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals. Subscribe to Swamp Notes on Acast, Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts. Hosted on Acast. See acast.com/privacy for more information.

Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies. Mentioned in this podcast: Apple revenues jump on strong iPhone sales and rebound in China Trump reimposes tariffs on dozens of countries Ukraine restores independence of anti-corruption agencies Samsung’s $16.5bn Tesla deal will test chipmaker’s hopes for revival Globetrotter: Los Angeles with the FT Today’s FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta’s shares jumped more than 10 per cent off the back of better than expected second-quarter earnings, and the Federal Reserve held rates steady despite calls to lower borrowing rates by US President Donald Trump. Plus, American copper prices fell after Trump exempted refined materials from a 50 per cent tariff on the metal, and HSBC profits declined by 29 per cent. Mentioned in this podcast: Meta shares jump on strong results as Zuckerberg sets out ‘superintelligence’ goals Fed holds rates steady despite Trump’s calls for lower borrowing costs US copper prices fall after Trump exempts refined metals from tariffs HSBC profits slide 29% on hit from China and restructuring Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The potential US-China trade war truce depends on US President Donald Trump’s approval, and a UN-backed food security group says a famine is unfolding in Gaza. Plus, China’s AI expo gives the international community an alternative to American technology, and the IMF’s new global growth forecast reflects that the fall of the dollar has lessened the impact of Trump’s trade war. Mentioned in this podcast: US says extended trade war truce with Beijing hinges on Trump approval ‘Worst-case scenario’ of famine unfolding in Gaza, says global hunger monitor China lays out its AI vision in foil to Donald Trump’s ‘America First’ plan IMF upgrades global growth forecast as weaker dollar aids world economy Credit: Fox Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bank of England governor Andrew Bailey and UK chancellor Rachel Reeves are at odds, and EU politicians are grumbling over the bloc’s trade deal with the US. Plus, the US economy is defying expectations and Bain & Co is to shut down its consulting business in South Africa after a corruption scandal. Mentioned in this podcast: Rachel Reeves and Andrew Bailey clash over Revolut meeting What have the US and EU agreed on trade? Merz says trade deal will cause ‘considerable damage’ to German economy How the EU succumbed to Trump’s tariff steamroller Bain & Co shuts South Africa consulting business after corruption scandal How long can the US economy defy expectations? Today’s FT News Briefing was produced by Fiona Symon Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The European Union struck a deal to limit the rate of US tariffs, and public companies are filling their coffers with cryptocurrencies. Plus, the share of goods in total UK exports has fallen to a record low, and China is moving to fill the void left by the US at the United Nations. Mentioned in this podcast: US and EU strike trade deal, says Trump Companies load up on niche crypto tokens to boost share prices Trump left a power vacuum at the UN. China saw an opportunity The share of goods in total UK exports has fallen to a record low China’s Shaolin Temple says its head is facing a criminal investigation Today’s FT News Briefing was produced by Jess Smith, Ethan Plotkin, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. CREDITS: Shaolin Temple (1982)/Chung Yuen Motion Picture Company Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump is set to visit the UK and Krispy Kreme and GoPro stocks rise after becoming meme stocks. Plus, the ECB keeps rates at 2% and how AI is affecting the job market for new-grads. Mentioned in this podcast: Keir Starmer to press Donald Trump over deal to cut tariffs on UK steel imports ECB holds rates steady at 2% Is AI killing graduate jobs? Meme stock mania returns as Krispy Kreme and GoPro shares soar FT Weekend Fest Promo code: FTPodcasts Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kent Militzer and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla’s second-quarter profits fell 23 per cent as sales of its electric vehicles continued to slide, private equity firms made record use of a controversial tactic to cash out their clients this year, and McKinsey has stopped its China business from undertaking some generative artificial intelligence work. Plus, Taiwan will hold a recall election this weekend and the outcome could mean a lot for its relationship with China. Mentioned in this podcast: Elon Musk warns ‘rough quarters’ ahead for Tesla after Trump cancels EV incentives Private equity firms flip assets to themselves in record numbers McKinsey bars China practice from generative AI work amid geopolitical tensions Taiwan’s once-dominant KMT falls ‘out of step’ with the electorate Taiwan launches unity drive as China threat looms Email Swamp Notes your questions: marc.filippino@ft.com Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US House Speaker Mike Johnson sent home Congress members early to avoid a vote on releasing files on Jeffery Epstein, Nigeria’s recalculated GDP reflects a 30 per cent growth of its economy, and US President Donald Trump’s tariffs have hit General Motors' profits. Plus, global pharma companies have spent a record amount on Chinese biotech this year and Coca-Cola is putting cane sugar back in Coke. Mentioned in this podcast: Mike Johnson shuts US House early to avoid Epstein vote Nigeria’s economy 30% bigger after GDP recalculation Big Pharma is increasingly reliant on Chinese biotech advances GM profits hit by Trump’s tariffs while EV sales more than double Coca-Cola to launch cane sugar-based Coke in US this autumn Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

JPMorgan Chase explores lending against cryptocurrency, and the UK will have to pay in order to join the EU’s defence fund. Plus, UK chancellor Rachel Reeves blames regulation for lack of financial growth and a start-up in San Francisco might know how to create gold. Mentioned in this podcast: JPMorgan explores lending against clients’ cryptocurrency EU will make UK pay to join €150bn defence fund Will a return to risk-taking rouse animal spirits? Fusion energy start-up claims to have cracked alchemy Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Japan’s ruling coalition lost its majority in the country’s upper house of parliament, and the European Union is trying to break its dependency on American tech. Plus, the London Stock Exchange Group is weighing whether to launch 24-hour trading, and US President Donald Trump’s tariffs have raised nearly $50bn in extra customs revenues. Mentioned in this podcast: Japan’s Ishiba loses majority in election blow Can Europe break free of American tech supremacy? London Stock Exchange Group considers launch of 24-hour trading Donald Trump reaps $50bn tariff haul as world ‘chickens out’ Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, and Marc Filippino. Additional help from Peter Barber and Alexander Higgins. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukrainian President Volodymyr Zelenskyy is accused of authoritarianism after favoring loyalists in anti-corruption raids, and the Meta board settles a multibillion-dollar lawsuit over failing to prevent data breaches. Plus, FT columnist Ruchir Sharma explains why investors are going all in on Israel. Mentioned in this podcast: Volodymyr Zelenskyy accused of authoritarian slide after anti-corruption raids Meta board settles Delaware case over multibillion-dollar cost of data breaches The markets are signalling a clear winner in the Middle East FT Weekend Fest Promo code: FTPodcasts Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election. Mentioned in this podcast: Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell Goldman Sachs profits jump 22% after investment banking gains UK inflation unexpectedly rises to 18-month high of 3.6% Japan’s 10-year yield hits highest level since 2008 financial crisis Credit: Fox News Send in your Swamp Notes questions (Marc.Filippino@FT.com) Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds. Mentioned in this podcast: Donald Trump announces trade deal with Indonesia Catastrophe bond sales hit record as insurers offload climate risks UK set up secret Afghan immigration scheme after data leak and gagged media US inflation reaches 2.7% as Trump tariffs hit Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US. Mentioned in this podcast: EU budget shake-up to shift billions to eastern states Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’ Rachel Reeves to hail fiscal ‘stability’ and City risk-taking in Mansion House speech ‘E-power’: the hybrid tech Nissan is counting on to conquer the US Today’s FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU has put trade retaliations against the US on hold, and US investment banking is set to extend its losing streak. Plus, the FT’s Eleni Varvitsioti explains how Greece recovered from economic disaster in the past decade, but still has work to do. Mentioned in this podcast: EU pauses trade retaliation against US after Trump’s 30% tariff threat Investment banking set to extend worst run in over a decade How Greece came back from the brink Today’s FT News Briefing was produced by Persis Love, Sonja Hutson, Katya Kumkova, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.