FT News Briefing - Financial Times

Latest Episodes:

UK to launch probe into Cameron and Greensill, US states turn to online betting for tax revenue Apr 13, 2021

Show notes

Boris Johnson has commissioned an independent inquiry into the lobbying scandal involving David Cameron and Greensill Capital, and the $5bn-valued cyber security technology company, Darktrace, has set out plans to float in London. Plus, the FT’s US sports business correspondent, Sara Germano, explains why US states have suddenly embraced online sports gambling.

UK government to announce independent probe into Cameron and Greensill

https://www.ft.com/content/ade87a61-b1e1-433a-a79f-25fc6b9a0aaf

Mike Lynch-backed Darktrace sets out plans to list in London

https://www.ft.com/content/01c49998-05d2-4ed4-b324-febfaef3a110

‘The market is going bananas’: Governors back online betting to plug black holes in state budgets

https://www.ft.com/content/bb04b14c-e215-4ae8-a655-2bf85fcb73c0?

Virgin Atlantic boss warns on long-term hit to business travel

https://www.ft.com/content/b8766e60-1a20-41ee-871d-6b97dbee71e8

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David Cameron breaks Greensill silence, investors brace for corporate tax hikes Apr 12, 2021

Show notes

Former British prime minister David Cameron has admitted he made mistakes over his government lobbying for Greensill Capital, leading Chinese smartphone maker Xiaomi is expanding its investment in chips, and Microsoft is on the verge of acquiring the voice technology pioneer, Nuance. Plus, the FT’s US equities correspondent, Aziza Kasumov, discusses US equities investors’ concerns about US president Joe Biden’s tax proposals.

Cameron admits mistakes as he breaks silence on Greensill

https://www.ft.com/content/da2a2686-1efa-4fd4-bee4-79cc9d9a89a2

Huawei rival Xiaomi steps up chip ambitions amid US pressure

https://www.ft.com/content/2fadf021-91c5-4553-aecd-33e4439e99ab?

Wall Street investors look warily at gathering tax ‘storm’

https://www.ft.com/content/02f874f8-f5e3-4deb-908c-c709633821bb

Microsoft nears deal to buy voice tech pioneer Nuance for $16bn

https://www.ft.com/content/a36dd469-e521-4ce7-9351-ddc8f6b5cb42?

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Amazon on course to defeat union effort, Goldman’s Deliveroo move Apr 09, 2021

Show notes

Amazon looked on course to defeat a historic effort by workers to unionise an Alabama warehouse, and companies and countries around the world are weighing the Biden administration’s global corporate tax plan. Plus, the FT’s markets editor, Katie Martin, explains Goldman Sachs’ purchase of £75m of Deliveroo shares after the UK food delivery group’s disappointing initial public offering last month.

Amazon vote count shows Alabama unionisation effort trailing

https://www.ft.com/content/df3eeb04-d03e-4048-ab81-248c7a9fce4e

Goldman Sachs bought £75m of Deliveroo shares to prop up IPO price

https://www.ft.com/content/bf75f260-33d8-42ea-85c3-6482aa1fb2ff

A grand bargain: how the radical US corporate tax plan would work

https://www.ft.com/content/b358ebca-4097-4cd6-bc7f-8e9d8f069250

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US corporate tax offer to the world, ShareChat valued at $2.1bn, Vaccitech IPO Apr 08, 2021

Show notes

The start-up that owns the biotechnology behind the Oxford/AstraZeneca vaccine has confidentially filed for an initial public offering in the US, Indian social media group ShareChat has raised more than $500m to grow its popular short-video app Moj, and Austrian activist Max Schrems has filed a privacy complaint against Google in France. Plus, the FT’s Washington bureau chief James Politi has details on the US’s offer to the rest of the world to tax multinational companies.

US offers new plan in global corporate tax talks

https://www.ft.com/content/847c5f77-f0af-4787-8c8e-070ac6a7c74f

Biotech start-up behind AstraZeneca vaccine files for US listing

https://www.ft.com/content/ff260c57-66f9-474b-9643-7640dc918009

ShareChat valued at $2bn in wake of TikTok ban

https://www.ft.com/content/3a5e44e2-b2c0-4f37-9c4a-f51c6ef46eb6?

Max Schrems accuses Google of illegally tracking Android users

https://www.ft.com/content/4617cc99-3ed2-49e1-b97f-db4f1b45b5db?

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EMA to probe Sputnik vaccine, Renesas Electronics, Brazil crises Apr 07, 2021

Show notes

The EU drug regulator will launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical standards, and Japan’s national champion, Renesas Electronics, is being forced to diversify due to the pressures brought on by the chip industry. Plus, the FT’s Latin America editor, Michael Stott, explains how president Jair Bolsonaro lost his grip of Brazil.

EU regulator to probe ethical standards of Sputnik vaccine trials

https://www.ft.com/content/50031165-1f46-446b-be9a-36d553805fec?

Chip industry pressures spur Renesas to diversify

https://www.ft.com/content/c583fe71-4556-4ef9-9367-a175a2033767

Brazil’s coronavirus nightmare: ‘Bolsonaro is more isolated than ever’

https://www.ft.com/content/55713895-2423-4259-a222-f778f9587490

Nematodes the latest casualty of post-Brexit trade glitches

https://www.ft.com/content/888658ea-9b33-454e-bac5-c9d4a59eb201?

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Janet Yellen proposes global corporate minimum tax, the Taiwanese company at the heart of the global economy Apr 06, 2021

Show notes

US Treasury secretary Janet Yellen is calling on other countries to join the US in setting a corporate global minimum tax, and bond investors who took big risks at the outset of the pandemic are enjoying big returns. Plus, the FT’s greater China correspondent, Kathrin Hille, discusses how a little-known chip company that dominates the global semiconductor industry is navigating political tensions.

Yellen calls for global minimum corporate tax

https://www.ft.com/content/79023ff2-c629-429c-8a34-16bf68b4ea15

Investors scoop up huge returns from companies’ crisis-era bonds

https://www.ft.com/content/2de01274-bf03-4788-ab94-c26189b9baea?

TSMC: how a Taiwanese chipmaker became a linchpin of the global economy

https://www.ft.com/content/05206915-fd73-4a3a-92a5-6760ce965bd9

GameStop shares fall after it announces plan to sell $1bn in stock

https://www.ft.com/content/ddc11198-f162-484c-9131-a7a0b0346178?

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Computer chip shortage, corporate America caught between US and China Apr 05, 2021

Show notes

The boom in Bitcoin mining is having an unintended consequence: it has driven up the cost of computer chips. Plus, the FT’s US-China correspondent, Demetri Sevastopulo, explains how China’s repressive treatment of its Uyghur Muslims is affecting Western brands who do business in the country.

Bitcoin mining boom adds to chip price inflation

https://www.ft.com/content/d5c121c8-aefc-48d5-a3bf-6e581ccb5762

Western brands caught between US and China over human rights

https://www.ft.com/content/a0be4094-2aba-4275-a3ca-ec5e58cc5032?

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Biden’s $2tn infrastructure plan, Deliveroo’s IPO flop, Black Americans in finance Apr 01, 2021

Show notes

Wall Street touched a record high Wednesday as the White House released details of President Joe Biden’s multi trillion-dollar US stimulus plan, and the food delivery app, Deliveroo, closed down 26 per cent in its first day on the public market. Plus, the FT’s US labour and equalities correspondent, Taylor Nicole Rogers, explains why there are fewer black Americans in financial leadership positions than there were a decade ago.

Tech stocks power Wall St to record ahead of Biden stimulus speech

https://www.ft.com/content/d7a93cb5-f9f1-485a-8b39-1e7a12a97790

Disaster strikes as Deliveroo becomes ‘worst IPO in London’s history’

https://www.ft.com/content/bdf6ac6b-46b5-4f7a-90db-291d7fd2898d

Share of Black employees in senior US finance roles falls despite diversity efforts

https://www.ft.com/content/887d064a-bd5e-4ce6-9671-9057e12bd5c7

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IMF head issues warning, Russia’s Arctic trade route, Amlo’s progress Mar 31, 2021

Show notes

The head of the IMF has warned that the world should be ready for an emerging market debt crisis as the global economy emerges from the coronavirus pandemic, and Russia is using the Suez Canal incident to promote its own Arctic shipping route. Plus, the FT’s Mexico and Central America correspondent, Jude Webber, explains why Mexico’s citizens are willing to give president Andrés Manuel López Obrador a second chance.

Prepare for emerging markets debt crisis, warns IMF head

https://www.ft.com/content/487c30f4-7f21-4787-b519-dde52264d141?

Russia seizes on Suez blockage to promote merits of Arctic route

https://www.ft.com/content/47b4cca2-b673-4763-95b4-555bd03a948a

‘In love with bad ideas’: López Obrador takes Mexico back to the future

https://www.ft.com/content/b2537ad5-d72e-4b72-885b-01ceb543c253

Germany and Canada could host NFL games in 2022 season

https://www.ft.com/content/12b7a706-cf5e-4623-997c-be0d04d68f27?

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Biden’s Taiwan shift, US companies see inflation, Archegos hits big banks Mar 30, 2021

Show notes

The Biden administration is sticking with a Trump administration policy that will make it easier for US diplomats to meet with Taiwanese officials, and US companies say they are feeling the bite of inflation. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why banks might be more careful with hedge fund leverage after the meltdown of Archegos Capital Management.

US to make it easier for diplomats to meet Taiwanese officials

https://www.ft.com/content/05d67774-fdf7-41ae-b17e-a8f2fe8e9f6f?

US companies sound inflation alarm

https://www.ft.com/content/f0bbed31-bea8-4542-b953-096762d2e59f

Archegos poses hard questions for Wall Street

https://www.ft.com/content/89b560ec-212c-4e82-b52e-c3e1408a9e6b

Volvo Cars revamps parental leave as it aims to increase female manager

https://www.ft.com/content/aea0105b-b432-4f5c-8425-9fe78bddb5f8?

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