FT News Briefing - Financial Times

Latest Episodes:

US student athletes’ Supreme Court victory Jun 22, 2021

Show notes

The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association.

US medicines watchdog accused of cozy ties with Big Pharma

https://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12?

Covid outbreak at Chinese port exacerbates global supply chain delays

https://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c?

Olympic venues to cap number of spectators at 10,000

https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718a

Student athletes win US Supreme Court showdown against NCAA

https://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49?

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How artificial intelligence is reshaping the world Jun 21, 2021

Show notes

Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence.

Reflation trades pummelled as Fed shift resets markets

https://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9f

Digital euro will protect consumer privacy, ECB executive pledges

https://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2?

Tech Tonic Season 2

https://www.ft.com/tech-tonic

Today's Clubhouse discussion on artificial intelligence

https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M

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Black Americans’ unease with official embrace of Juneteenth Jun 18, 2021

Show notes

The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday.

Bond spreads collapse as investors rush into risky corporate debt

https://wwww.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410?

Hong Kong-Taiwan spat threatens cross-Strait business

https://www.ft.com/content/7e3845c2-7fc7-4199-8fc2-8c7cc66111ab

Companies’ embrace of Juneteenth holiday rings hollow to some

https://www.ft.com/content/512973a1-0adf-4f6b-91f5-e2fc33a6bb3e

Ronaldo’s Coke moment signals shifting balance of power in sport

https://www.ft.com/content/e11ec659-d386-47f5-b284-c6951fa45870

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Federal Reserve signals first rate rise in 2023 Jun 17, 2021

Show notes

Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement.

Fed signals first rate rise will come in 2023

https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3

Big Tech critic Lina Khan to lead US competition regulator

https://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededd

Toshiba board’s chair rebuffs calls to quit over governance scandal

https://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77

Podcaster turned tech investor raises $140m fund

https://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041?

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Web founder Tim Berners-Lee auctions off original source code Jun 16, 2021

Show notes

The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art.

Tokyo Olympics will need bailout if games go ahead without spectators

https://www.ft.com/3cd58c64-039e-4147-a744-af676de1691d?

Airbus/Boeing deal explained: what is in it and what happens next

https://www.ft.com/content/1e04dfe1-9651-4b9e-90d9-fdbd82b45253

Web inventor Berners-Lee to auction original code as NFT

https://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc?

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When Biden meets Putin Jun 15, 2021

Show notes

The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin.

UK and Norway complete world’s longest subsea electricity cable

https://www.ft.com/content/399c1c37-3f7a-4770-af13-66741df01135?

Fed to discuss slowing stimulus as recovery strengthen

https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127

Nato warns China’s military ambitions threaten international order

https://www.ft.com/content/f454033a-9975-4efd-92eb-9cf63306af7f?

Biden, Putin and the new era of information warfare

https://www.ft.com/content/51fc3b07-78a5-4461-823c-c9d22baeb063?

Morgan Stanley chief urges employees to return to office

https://www.ft.com/content/ffd6033f-e8fc-4289-85b2-42bc4ddddd16?

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China’s proliferating smart city technology Jun 14, 2021

Show notes

Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change.Plus, the FT’s global China editor, James Kynge, reports on how China’s smart city surveillance technology is being used around the world, and the growing backlash.

End of era in Israel as Netanyahu is ousted

https://www.ft.com/content/f0824e22-2e42-4d80-b0fa-574c6b12b9dd

G7 set to agree ‘green belt and road’ plan to counter China’s influence

https://www.ft.com/content/f33b43e6-0cea-486b-a3cf-628a31c09693

Exporting Chinese surveillance: the security risks of ‘smart cities’

https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadab

Korean shippers to raise billions of dollars as global trade rebounds

https://www.ft.com/content/eab4b7b5-7590-477f-bd7e-e919501a54b4

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Inflation rises but worries fade, global taxation deal Jun 11, 2021

Show notes

Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buyer.

G7 leaders to pledge to donate 1bn Covid 19 doses to poorer countries

https://www.ft.com/content/000e6968-8ae4-4f00-9cb5-324b98aa779b

US bond rally eases pressure on emerging market hedge funds

https://www.ft.com/content/c1058fd7-47cf-4bcc-9d8c-d5bf8887c715

Global banking regulator urges toughest capital rules for crypto

https://www.ft.com/content/3fe7be31-179a-47dd-9a61-8f4ea42b9c62?

Selfridges up for sale with £4bn price tag

https://www.ft.com/content/134c756c-e220-44ec-a82c-afc0099bf9b1

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The true cost of zero commission trading Jun 10, 2021

Show notes

Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers.

Will hot US inflation data unsettle markets?

https://www.ft.com/content/7377a5d6-73e8-442e-96e8-ea2535286c08

Joe Biden rallies allies to take tougher stance on China

https://www.ft.com/content/203d664a-c834-48d7-805d-c49d44aa2a9a

Japanese sponsors think twice about being associated with Tokyo Olympics

https://www.ft.com/content/2e8b9ce5-95e0-4114-884b-f05de926ccde

Retail trading frenzy reflects ‘broken’ US equity markets, says XTX’s Gerko

https://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1

Sign up for today’s Future of News event here:

https://futurenews.live.ft.com/

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The FBI’s hi-tech sting, the day the internet broke Jun 09, 2021

Show notes

Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted communications platform secretly run by the FBI.

Cloud glitch brings down thousands of websites

ft.com/content/0d5b9430-750b-44b7-b238-6e2160c3c591

Hundreds arrested worldwide in Trojan Shield organised crime sting

https://www.ft.com/content/47c271c1-0be3-4a5c-9ca6-b231ed0f7fef?

Indian tycoons surpass Chinese tech moguls in global rich list

https://www.ft.com/content/2026fa04-fc22-4e20-ad0e-3d76a1ddf028?

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