FT News Briefing - Financial Times

Latest Episodes:

Abu Dhabi’s creative pivot away from oil Jun 08, 2021

Show notes

US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture.

US says it has recovered majority of Colonial pipeline ransom

https://www.ft.com/content/43dab2dc-a7aa-4102-9779-d1b6ced2985b

Alzheimer’s drug from Biogen wins US approval

https://www.ft.com/content/6f48610b-ec86-4deb-a89c-fc0a0f332bb0

Mexico’s president loses congressional supermajority in elections

https://www.ft.com/content/36e737a9-ae48-4ff8-8e6c-88f54344b372

Abu Dhabi plans $6bn culture spend to diversify from oil

https://www.ft.com/content/c0ae0344-280b-40f0-a67f-7edc24033caf?

Jeff Bezos to go to space after stepping down at Amazon

https://www.ft.com/content/defbe912-ceb9-4017-a215-16d214484597

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The potential disruption of decentralised finance Jun 07, 2021

Show notes

One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance.

Chip shortage to last until at least mid-2022, warns manufacturer

https://www.ft.com/content/04858089-fbe7-44f1-b096-8e705c664f8e?

G7 strikes historic agreement on taxing multinationals

https://www.ft.com/content/a308bbff-5926-47a1-9202-6263e667511e

China boosts measures to cool renminbi rally

https://www.ft.com/content/4ab2d4a7-4a73-4d39-bfba-f97dd91de54b

Silicon Valley bets on crypto projects to disrupt finance

https://www.ft.com/content/0f179c8d-aa60-41d4-96d7-5d53e78c3514

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Are we in a new era of inflation? Jun 04, 2021

Show notes

The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.

Washington to bar US investors from 59 Chinese companies

https://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4

Economists see accelerating US job growth in May payrolls data

https://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a?

FT Series Inflation: a new era?

https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3

United hopes to revive supersonic era almost 20 years after Concorde

https://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0

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AMC butters up retail investors, Naomi Osaka shakes up sports media Jun 03, 2021

Show notes

A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage.

Cyber insurers recoil as ransomware attacks ‘skyrocket’

https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922?

Cinema chain AMC surges after luring DIY traders with free popcorn

https://www.ft.com/content/2cc442a9-28da-4bcd-88a2-fda1404f0ef6

Naomi Osaka shows a shift in sport’s balance of power

https://www.ft.com/content/7a380a76-9bd7-4d8e-8cc9-5544c6f51b68

Making chocolate can give Ghana a taste of prosperity

https://www.ft.com/content/dbd20f9f-b9f7-4bf4-86dd-1a8c84069f01?

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Djibouti is trying to become the Singapore of Africa Jun 02, 2021

Show notes

Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schipani, explains what is happening there.

Ex-Apollo CEO Leon Black raped and harassed Russian model, lawsuit alleges

https://www.ft.com/content/72244917-3208-43ab-b076-513c9fc058ee

Oil prices rally as Opec+ producers agree slow supply increase

https://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dce

Germany’s Greens lose their lustre as election heats up

https://www.ft.com/content/5c477906-c15c-4de9-bcf7-6cdbe5eb413d?

Djibouti’s port dream to become the ‘Singapore of Africa’

https://www.ft.com/content/15aefce3-2e6b-4e1a-b480-bfc066f7d8dd

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How Covid-19 finally caught up with Taiwan Jun 01, 2021

Show notes

The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers

Lockdown pet boom helps insurer to $2bn valuation

https://www.ft.com/content/019cce7c-21e7-462c-b8ab-573a35218d7a

‘Final Fantasy’ producer says 5G will end games console’s long reign

https://www.ft.com/content/0fa963d8-1de8-4390-b3db-8e9908510605

Taiwan imposes strict social curbs to stem its worst Covid outbreak

https://www.ft.com/content/85604b0b-e7aa-4e26-a547-b3d27b262e6b

Covid-stricken Brazil to host Copa America football tournament

https://www.ft.com/content/c3658bcf-695b-4e3e-9625-41b170e8248c

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US regulation on cryptocurrencies could be coming May 31, 2021

Show notes

American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency.

US retailers rush to secure holiday season stock

https://www.ft.com/content/3a7c02ba-89b0-45d1-8f02-d5eb3c002848

Russia releases $500m loan to Belarus as west imposes sanctions

https://www.ft.com/content/5953320d-c342-457a-af40-50424d159ffd

US regulators signal bigger role in cryptocurrencies market

https://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101?

Bitcoin as a call option

https://www.ft.com/content/ed884387-73a3-4e5a-b1db-8f122cd54887

Nestlé document says majority of its food portfolio is unhealthy

https://www.ft.com/content/4c98d410-38b1-4be8-95b2-d029e054f492?

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European stocks are getting their moment in the sun May 28, 2021

Show notes

The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.

Archegos fallout hits market for blank cheque companies

https://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29

Hedge fund that beat ExxonMobil says it will have to cut oil output

https://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889a

Investors bet eurozone stock rally will gather steam as economy rebounds

https://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3?

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Big oil companies face backlash on both sides of the Atlantic May 27, 2021

Show notes

Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.

Climate activists hail breakthrough victories over Exxon and Shell

https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?

Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues?

https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1

Tesla set to pay for chips in advance in bid to overcome shortage

https://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a?

Iran bans bitcoin mining as power cuts grip country

https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721?

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Can oil dependent countries adjust as the world shifts from fossil fuels? May 26, 2021

Show notes

England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus,the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets.

England’s NHS plans to share patient records with third parties

https://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?

US companies amass political funding cash pile after Capitol riot

https://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631

Climate change: oil producers face costly transitions

https://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?

Cost of breakfast up by a third since start of pandemic

https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d

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