FT News Briefing - Financial Times

Latest Episodes:

Stripe valuation soars to $95bn, businesses in the pandemic, private data use in the pandemic Mar 15, 2021

Show notes

The payments provider, Stripe, is now worth $95bn after its latest round of fundraising, and more than 4.4m Americans have created businesses during the pandemic. Plus, the FT’s innovation editor, John Thornhill, gives highlights from the latest episode of his Tech Tonic podcast, which looks at two countries where citizens have been comfortable with how their government used some of their private data during the pandemic.

Stripe valuation soars to $95bn after latest fundraising

https://www.ft.com/content/b9949a88-6c09-4de5-92e7-73994bb2b62f

The Covid entrepreneurs: Americans start millions of new businesses

https://www.ft.com/content/400ae372-0cb2-48bb-8767-7986848ed9a6

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Australia vaccine funding, Sinopharm’s global push, ECB accelerates stimulus Mar 12, 2021

Show notes

Canberra is contemplating investing in a A$1bn biopharmaceutical plant to reduce its dependence on imports of critical medicines, China’s state-backed pharmaceutical group, Sinopharm, wants more governments to buy its Covid-19 vaccine, and Spain is set to become the first EU country to amend its laws to give some gig economy workers employee rights. Plus, the FT’s markets editor, Katie Martin, explains why the European Central Bank will accelerate its bond buying programme.

Australia considers funding vaccine maker to curb reliance on imports

https://www.ft.com/content/483e6275-6d27-433c-9cbc-6918f2c916c6?edit=true

Spain to grant gig delivery workers employee rights

https://www.ft.com/content/73be294b-a43d-4387-aced-7b5cb0d91007?

Sinopharm faces battle to turn Covid vaccine into a global success

https://www.ft.com/content/99c7a9de-fc11-45ab-890b-f6733ccb4186

ECB pledges to step up pace of stimulus to counter market sell-off

https://www.ft.com/content/bd7ccf1d-3b07-4f13-9a14-68692ef84e95

Rise of the retail army: the amateur traders transforming markets

https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5

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Martin Wolf looks back at the pandemic one year later Mar 11, 2021

Show notes

President Joe Biden is eyeing a multi-trillion-dollar infrastructure package for the US. Plus, the FT’s chief economics commentator, Martin Wolf, examines how well governments and economic policymakers have handled the economic crisis stemming from the coronavirus pandemic.

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US congress to vote on $1.9tn stimulus bill, scaling up green hydrogen, Coupang’s IPO Mar 10, 2021

Show notes

The OECD said on Tuesday that president Joe Biden’s $1.9tn US stimulus programme will boost the global economic recovery, the pandemic is being blamed for lower birth rates across Europe, and the IPO of South Korean ecommerce group, Coupang, is being clouded by worker deaths. Plus, the FT’s energy correspondent, Nathalie Thomas, explains the current surge of interest in green hydrogen as an alternative to fossil fuels.

Biden stimulus will boost global recovery, says OECD

https://www.ft.com/content/7f7d4b7d-028a-41a6-b11e-8320173ae4bc

Covid pandemic blamed for falling birth rates across much of Europe

https://www.ft.com/content/bc825399-345c-47b8-82e7-6473a1c9a861?

Coupang’s New York listing clouded by worker deaths

https://www.ft.com/content/a90749a2-5f5d-4789-8215-fd4168a50813

The race to scale up green hydrogen

https://www.ft.com/content/7eac54ee-f1d1-4ebc-9573-b52f87d00240

Curaleaf bets on more liberal Europe with $300m deal for cannabis producer

https://www.ft.com/content/8dffd932-0ecb-444f-9cc0-079466c7b997?

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Tech stocks drag Wall Street lower, Greensill files for administration, Apollo merges with Athene Mar 09, 2021

Show notes

Stocks declined on Monday with shares of technology companies leading Wall Street lower, and the stricken supply chain financier, Greensill Capital, files for administration. Plus, the FT’s private capital correspondent, Mark Vandevelde, breaks down the $29bn merger between Apollo Global Capital and Athene Holding.

Wall Street dragged lower by tech stocks and pandemic beneficiaries

https://www.ft.com/content/e4420f17-c0ac-4cd4-807d-4549f5de9bfa?

Apollo to merge with Athene creating $29bn conglomerate

https://www.ft.com/content/e9ba5f23-9777-4730-a59b-d0c4d1fb510c

Greensill files for administration and warns of GFG ‘defaults’

https://www.ft.com/content/db5bc46a-57cc-4c7d-a6fe-47f5a59412d4

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ECB probes Greensill fallout, commercial property muddles through, TikTok in Myanmar Mar 08, 2021

Show notes

The European Central Bank has asked lenders for details of their exposure to Greensill Capital and its key client GFG Alliance, US president Joe Biden will hold a summit with Japan, India, and Australia to find ways to counter China’s influence, and TikTok is removing videos uploaded by Myanmar soldiers. Plus, the FT’s New York correspondent, Josh Chaffin, explains why lenders have been lenient towards commercial property owners during the pandemic.

ECB quizzes banks over exposure to Greensill and Gupta

https://www.ft.com/content/68ea9df2-aa69-4a0b-9462-d3ed6491cee6?

Joe Biden enlists ‘Quad’ allies to counter China

https://www.ft.com/content/a481167f-c362-4bd9-a9e9-7fd5944e5ea4

TikTok on alert after it becomes outlet for Myanmar soldiers

https://www.ft.com/content/73847311-2aec-4555-ada0-56833da6bdf4

Property and the pandemic: the great reckoning that never seems to arrive

https://www.ft.com/content/084f94e8-84a8-4966-a38b-fcb0b5e6171e

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Powell’s comments send markets lower, oil rises on Opec+ moves, UK’s listing shake-up Mar 05, 2021

Show notes

Federal Reserve chair Jay Powell triggered a sudden sell-off in long-term US Treasury debt and equities Thursday, and Opec and Russia have decided against unleashing a flood of crude on to the market. Plus, the FT’s markets editor, Katie Martin, explains how the UK is going about attracting new companies to the London stock exchange.

Powell inflation comments send US stocks and bonds lower

https://www.ft.com/content/1feb5449-76f0-4f67-85b2-ab03f05d5a65

Oil jumps as Opec and allies decide against big rise in output

https://www.ft.com/content/771ebf3a-cff0-4ff3-ab9a-0bbd01a33f55

UK looks at new rules to attract companies to London stock exchange

https://www.ft.com/content/a9e9de26-7f44-41e1-9dd6-3721a52c7d9c

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The fall of Greensill Capital Mar 04, 2021

Show notes

Democratic leaders have reached a compromise on a deal that would limit who is eligible for $1,400 stimulus cheques. Plus, the FT’s capital markets correspondent Robert Smith unpacks the rapidly unfolding saga behind Greensill Capital and why the supply chain financier is on the verge of filing for insolvency.

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Biden’s vaccine deal, more Ant troubles, Germany’s vaccine woes Mar 03, 2021

Show notes

President Joe Biden announced on Tuesday that the US would have enough doses of coronavirus vaccines for every adult by the end of May, global energy-related carbon emissions have rebounded from coronavirus lockdown levels, and Ant Group has shared just a fraction of its consumer data with China’s central bank, defying Beijing. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains why Germany’s vaccine rollout has gone slower than expected.

Biden says US will have enough jabs to vaccinate all adults by end of May

https://www.ft.com/content/89442c1b-8295-4682-9f09-c040b9017882?

Global carbon emissions rebound to pre-lockdown levels

https://www.ft.com/content/600ad91f-79d4-451c-97c1-ab9a0daf4d3e

Jack Ma’s Ant defies pressure from Beijing to share more customer data

https://www.ft.com/content/1651bc67-4112-4ce5-bf7a-d4ad7039e7c7

Germany loses Covid crown as vaccine campaign falters

https://www.ft.com/content/33f8ffd6-066b-449c-bf7e-edd51d661b19

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Dems warn against loosening bank capital requirements, Rupert Murdoch at 90 Mar 02, 2021

Show notes

Two senior Democratic lawmakers have warned the Federal Reserve that it would be a “grave error” to extend looser capital requirements for US banks. ExxonMobil appointed two new board directors on Monday to placate activist shareholders and the former French president Nicolas Sarkozy was sentenced to three years in prison on Monday. Plus, the FT’s global media editor Alex Barker looks back on Rupert Murdoch’s media empire and what succession looks like for the mogul.

Democratic senators call for tougher capital requirements for US banks

https://www.ft.com/conent/44792b80-c331-44e3-b02c-41a151f4cb6c?

Exxon adds two board directors in wake of activist pressure

https://www.ft.com/content/be866c6f-bbff-4500-927b-49e02b7b9023

Nicolas Sarkozy sentenced to jail for corruption

https://www.ft.com/content/1f2fe078-34f7-4665-afd7-a829082c7874

Rupert Murdoch at 90: Fox, succession and ‘one more big play’

https://www.ft.com/content/d9719c27-5e95-49c3-a534-2796196c6af7

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