FT News Briefing - Financial Times

Latest Episodes:

US donates AstraZeneca vaccine doses, the rise of OnlyFans Apr 27, 2021

Show notes

The US will share up to 60m doses of AstraZeneca’s Covid-19 vaccine with other countries, and Total has declared force majeure on its multibillion-dollar LNG development in Mozambique. Plus, the FT’s consumer industries reporter, Patricia Nilsson, talks about the celebrity and sex worker subscription site, OnlyFans, which has exploded in popularity over the past year.

This episode features the song “Savage” by Meghan Thee Stallion, featuring Beyoncé. The song is licensed to 300 Entertainment.

US plans to share 60m doses of AstraZeneca’s Covid vaccine

https://www.ft.com/content/db461dd7-b132-4f08-a94e-b23a6764bdb3

Total declares force majeure on $20bn LNG project in Mozambique

https://www.ft.com/content/841a63a7-e89a-45c8-b6b3-22b50e59b14c

OnlyFans feels the lockdown love as transactions hit £1.7bn

https://www.ft.com/content/6d4562f8-166f-4a89-a3cb-db97123a6cf0

Asahi shifts to no-alcohol beer after $20bn M&A splurge

https://www.ft.com/content/abe2c9cb-c573-41bd-8ac1-42cf653fb3e5?

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US offshore wind energy, the rise of Germany’s Green Party Apr 26, 2021

Show notes

Chinese companies have raised a record $11bn on the New York Stock Exchange and Nasdaq this year, vaccine makers have warned about the risks of giving up patent rights to their Covid-19 vaccines, the White House is expected to greenlight a wind power project off the Massachusetts coast. And Germany’s Green Party has a leader who symbolizes the image of a party that is riding a wave of popularity and could be swept into government this September.

China stock sales in US surge to record despite delisting threat

Vaccine makers say IP waiver could hand technology to China and Russia

US offshore wind projects test strength of Joe Biden’s green jobs promise

Germany’s ‘muesli eaters’ show new hunger for power

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The data invisibility of Asian Americans Apr 23, 2021

Show notes

Joe Biden plans to announce a set of tax increases on the wealthiest Americans, and there has been a rally in the price of lumber due to demand from the housing market. Plus, the FT’s data journalist, Christine Zhang, explains how statistics can fail Asian American communities.

Biden prepares to announce string of tax rises for richest Americans

https://www.ft.com/content/a43d966e-b7d9-4ee1-bb77-2a6561dfda12

Lumber party: economic bounce fuels US wood price rally

https://www.ft.com/content/202dada4-b188-4112-9689-6fec2924efb0

The data invisibility of Asian Americans

https://www.ft.com/content/119b6ffb-bc5e-4632-bc0a-199be9cfb7e7

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US to propose big emissions cut by 2030, Huarong tests Beijing’s backing Apr 22, 2021

Show notes

US President Joe Biden is set to announce his country’s steepest ever emissions cuts, Russia plans to pull out of the International Space Station by 2025, and Turkey’s opposition is asking where US$128bn in foreign exchange reserves has gone. Plus, the FT’s Shanghai correspondent, Tom Hale, explains why the corruption at Huarong Asset Management is creating headaches for Beijing.

US to propose emissions cut of up to 50% by end of decade

https://www.ft.com/content/32f5e2cd-4689-4434-9da0-d97d46673eaf?

Huarong debacle tests Beijing’s resolve to bail out state groups

https://www.ft.com/content/2aabfd64-6527-442f-b6fb-36c3804dcfc7

Russia to pull out of International Space Station in 2025

https://www.ft.com/content/a1518565-e643-42ae-a650-02e9c3bdd657

Turks chase missing billions in foreign exchange reserves

https://www.ft.com/content/dee218ba-c102-4a2f-8042-e8c8601991cd?

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Football clubs back out of Super League, Derek Chauvin found guilty in murder of George Floyd Apr 21, 2021

Show notes

A jury in Minneapolis found former police officer Derek Chauvin guilty on three charges in the killing of George Floyd, TikTok is accused of illegally collecting personal data on millions of children in the UK and Europe. Plus, the FT’s sports editor, Murad Ahmed, has the latest in the European football upheaval and the decision by leading English clubs to back out of plans for a new Super League.

Leaked Super League plans reveal goal of US-style football finances

https://www.ft.com/content/e80299a4-8012-447a-8512-c24e149304b1

Defund the police: how a protest slogan triggered a policy debate

https://www.ft.com/content/76a8080c-cca9-48cd-be81-891a75676adf

TikTok sued on behalf of millions of European children over data concerns

https://www.ft.com/content/02bb235f-f6f3-42be-a921-bc2c86b86271?

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Johnson & Johnson Covid vaccine could weigh on other programmes, Cuba’s future in a post-Castro era Apr 20, 2021

Show notes

The concerns that led to a halt in Johnson & Johnson’s Covid vaccine rollout could damage confidence in the company’s longer-term vaccines programme, and Apple will allow the social media app Parler to return to its app store. Plus, Miguel Diaz-Canel has been confirmed as the new head of Cuba’s Communist party. The FT’s Latin America editor, Michael Stott, discusses the island’s future in the post-Castro era.

Johnson & Johnson’s Covid setback risks damaging its vaccine programme

https://www.ft.com/content/0d085dde-cc02-4bad-8bbb-e2ad498e1ebf?

Apple says Parler can return to App Store

https://www.ft.com/content/98c83613-18e9-427d-b41c-76176dcedf94?

Exit of Cuba’s last Castro brings curtain down on revolutionary era

https://www.ft.com/content/ac9e2bb1-2830-400e-921d-470f1f6f45e8?

UK regulator gives green light to delivery drone trials

https://www.ft.com/content/66487d88-a6b3-4e46-9b8a-00e38e93d3af?

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A tournament to compete with the Champions League, is Clubhouse worth $4bn? Apr 19, 2021

Show notes

Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began, and many of Europe’s wealthiest football clubs have agreed to join a breakaway “Super League” competition. Plus, the FT’s Lex columnist Elaine Moore discusses whether the audio chat app, Clubhouse, has staying power.

Global savers’ $5.4tn stockpile offers hope for post-Covid spending

https://www.ft.com/content/8cbfe40d-1ce1-4dc6-bcb2-1314b77b9443?

Top European football clubs sign up to breakaway Super League

https://www.ft.com/content/4cbef20a-7599-4580-82aa-2af383bd0f5a

Reach for the stars: what Clubhouse can learn from TikTok

https://www.ft.com/content/84b3879b-f3bb-4138-a688-e3ed4179d45b

HSBC top brass forced to hot desk as HQ scraps executive floor

https://www.ft.com/content/4984410c-e6fe-41d6-9d66-67ee54188f38?

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Markets rally on strong economic data, investors react to Biden’s sanctions on Russia Apr 16, 2021

Show notes

Global equities reached new heights and Treasuries rallied sharply on Thursday on the back of upbeat economic data in the US, and Dubai has become the first city to sign a contract with an autonomous taxi manufacturer. Plus, US president Joe Biden imposed new sanctions on Moscow on Thursday. The FT’s markets editor, Katie Martin, explains how investors reacted.

Global stocks hit record highs on strong economic data

https://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704

Biden imposes tough new sanctions on Moscow

https://www.ft.com/content/b2bf1be3-a10c-4963-9deb-8a6b319e9363

Dubai strikes deal with Cruise to roll out self-driving taxis

https://www.ft.com/content/33f3f86b-2558-4344-98b0-5c3cd529e93f

Flying cars finally prepare for take-off

https://www.ft.com/content/3ca1338d-3c31-4c70-ac09-12a0870212e3?

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US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship Apr 15, 2021

Show notes

Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.”

Boom on Wall Street powers US bank profits

https://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39b

Deutsche Bank dodges bullets and goes mainstream

https://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?

Ever Given seized as Egyptian authorities seek $900m compensation

https://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?

Ponzi mastermind Bernard Madoff dies aged 82

https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a

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Eurozone’s economy proves resilient, Toshiba buyout battle Apr 14, 2021

Show notes

Coinbase prepares to be the first leading cryptocurrency exchange to list on a US stock market, and the eurozone economy is showing signs of adapting to coronavirus lockdowns. Plus, the FT’s private capital correspondent, Kaye Wiggins, discusses the corporate drama surrounding the private equity bidding for Japan’s Toshiba.

Coinbase listing set to capitalise on crypto bull run

https://www.ft.com/content/06d98c02-f5da-45e8-a0f5-20e3bfd64879

Eurozone’s economy shows signs of adapting to lockdowns

https://www.ft.com/content/b756bab9-43a7-49c6-a3de-c98e891a0aea?

Resignation of Nobuaki Kurumatani comes as KKR also prepares to mount offer for Japanese conglomerate

https://www.ft.com/content/65a3b3b0-c68e-4312-a29b-d0b90d8cf011

LVMH benefits from demand for luxury goods in US and China

https://www.ft.com/content/9c892b85-9ae2-4ef9-8e42-9a09baf3492b

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