FT News Briefing - Financial Times

Latest Episodes:

Unpacking the US Supreme Court Trump immunity ruling Jul 02, 2024

Show notes

Western banks have cut their workforces in China, the US Supreme Court ruled that former president Donald Trump cannot be prosecuted for his ‘official’ actions, and Amazon has turned its first international profit in four years. Plus, the FT’s Leo Lewis explains how online competitors are affecting Japan’s regional banks.

Mentioned in this podcast:

Global investment banks’ China expansion goes into retreat

US Supreme Court says Donald Trump immune for ‘official acts’ as president

Amazon’s international unit on track to swing into annual profit

Threat of deposit exodus haunts Japan’s regional banks

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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First round victory for French far-right Jul 01, 2024

Show notes

Marine Le Pen’s far-right party has battered President Emmanuel Macron’s centrist alliance in the first round of snap parliamentary elections, US stock markets performing better than expected at the midyear point, and Morgan Stanley will join Goldman and JPMorgan in scrapping UK bonus caps.

Mentioned in this podcast:

French voters turn out in record numbers

Wall Street’s last remaining bears struggle to convince optimistic clients

Morgan Stanley to join Goldman and JPMorgan in scrapping UK bonus cap

Read a transcript of this episode on FT.com

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Martin Wolf on democracy’s year of peril Jun 30, 2024

Show notes

Martin Wolf is worried about the threat autocrats pose to liberal democracies. Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, but in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In this episode, Martin spells out his concerns to the FT’s executive opinion editor, Jonathan Derbyshire, and they discuss what Martin has gleaned from his conversations with Robert Kagan, Fiona Hill, Anne Applebaum and Raghuram Rajan. Did they ease his concerns in any way?

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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Swamp Notes: After the debate, is this it for Biden? Jun 29, 2024

Show notes

Joe Biden went into Thursday night’s CNN presidential debate hoping to assuage concerns over his mental acuity and fitness for office. But his performance only heightened those concerns — and may even force Democrats to reconsider their standard-bearer. The FT’s deputy Washington bureau chief, Lauren Fedor, and Washington reporter, Steff Chavez, join this week’s Swamp Notes podcast to explain why. Credit: CNN Presidential Debate, NBC News, ABC News

Mentioned in this podcast:

Democrats panic as Biden stumbles in bad-tempered debate with Trump

The big moments from the Biden-Trump debate

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and Breen Turner.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

A final goodbye to EY’s Project Everest? Jun 28, 2024

Show notes

The US is inviting foreign ministers from Israel and Arab countries to the Nato summit next month, EY’s new global chief executive confirmed that the firm will not split in two, and Thames Water is on the brink of a financial collapse. Plus, the FT’s Lucy Fisher explains why immigration is an important issue in the UK elections.

Mentioned in this podcast:

US invites Arab and Israeli ministers to Nato anniversary summit

New EY chief rules out reviving plan to split Big Four firm in two

Neither politicians nor the public think straight on immigration

Thames Water warns ageing assets pose ‘risk to public safety’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Protests push Kenya to abandon tax rises Jun 27, 2024

Show notes

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa.

Mentioned in this podcast:

India braced for billions of dollars of inflows as bonds added to JPMorgan index

Kenya’s president drops tax rises after deadly protests

Billionaire under sanctions could get $300mn in controversial US-Congo deal

CREDIT: WSJ, KBC Channel 1

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Brussels strikes back against Big Tech Jun 26, 2024

Show notes

Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in clean energy is set to hit $2tn and the EU charged Microsoft for violating antitrust laws yesterday. Plus, the FT’s Emma Agyemang explains why a deadlock in the US Senate is threatening to upend a global tax treaty.

Mentioned in this podcast:

Rivian shares soar on Volkswagen plan to invest up to $5bn

Clean tech investment set to hit $2tn in 2024

EU charges Microsoft with antitrust violations over Teams

Global tax truce frays over fears of US Senate deadlock

Do you have questions about the US election? Drop us a voice note here and we may play your question on Swamp Notes!

Read a transcript of this episode on FT.com

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UK’s wealthy foreigners look for the exits Jun 25, 2024

Show notes

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.

Mentioned in this podcast:

Chinese companies seek assurances from Malaysia over US tariffs

Can Nvidia stay at the heart of the new AI economy?

Wealthy foreigners step up plans to leave UK as taxes increase

Brazilian markets hit by investor worries over Lula’s spending plans

Read a transcript of this episode on FT.com

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India’s AI boom Jun 24, 2024

Show notes

The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, and agencies representing TikTok’s biggest advertisers are drawing up contingency plans as the US prepares to ban the popular video app. Plus, Amazon and Microsoft are scaling up infrastructure investments for artificial intelligence in India.

Mentioned in this podcast:

EU devises legal loophole to bypass Hungary veto on support for Ukraine

European CLO issuance hits record rate as investors chase yields

India pulls in tech giants for its AI ambitions

TikTok advertisers prepare contingency plans as US ban looms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf and Fiona Hill on democracy’s year of peril Jun 23, 2024

Show notes

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council in the Trump White House from 2017 to 2019, tells Martin Wolf about the parallels she sees between Donald Trump and Vladimir Putin, why she believes the US Congress has failed and how she will not be breathing a sigh of relief if President Joe Biden wins in the November polls. Clips: The Times, The Sunday Times, CSpan

Links:

Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.