FT News Briefing - Financial Times

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Ukraine doubles down on counteroffensive Sep 06, 2023

Show notes

The EU’s competition commissioner Margrethe Vestager is stepping aside, and the UK has clawed back less than 2 per cent of losses owing to fraud and error on business grants during the Covid-19 pandemic. Plus, Ukraine is doubling down on its counteroffensive.

Mentioned in this podcast:

Didier Reynders to take over as EU competition chief

UK government ‘slow to take action’ on Covid-19 grant losses, say MPs

Military briefing: Kyiv ignores calls for reset of its ‘sneak and peek’ tactics

Travis Kalanick’s excellent (and secret) venture

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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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Solving America’s shortage of accountants Sep 05, 2023

Show notes

Lloyds Banking Group joins HSBC and US group Citi in ordering employees back into the office, a shortage of accountantsis causing problems in the US and Brazil’s former president, Jair Bolsonaro, is caught up in a scandal over expensive jewellery from his time in office. Plus, the FT’s Courtney Weaver on the FT’s latest podcast series, ‘The Russian Banker’, about a controversial Russian financier who fled to the US.

Mentioned in this podcast:

Shortage of young accountants leads BDO USA to double offshore workforce

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes

UK banks tighten up on work from home

The Russian Banker, Part 1: The raid

The FT News Briefing is produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Secret paper trail reveals hidden Adani investors Sep 04, 2023

Show notes

Global growth is set to slow next year after outperforming economists’ expectations so far in 2023, American mothers are re-entering the workforce at high rates, and the Hollywood strikes are starting to bite into California’s economy. Plus, the FT’s Dan McCrum unpacks his latest investigation into India’s Adani Group.

Mentioned in this podcast:

Economists grow gloomier on 2024 as central banks delay rate cuts

Adani shares slide and politicians demand action after reports on hidden investors

Secret paper trail reveals hidden Adani investors

Hollywood strikes take $5bn bite out of California economy

American mothers re-enter the workforce at high rates

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes

Read a transcript of this episode on FT.com

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The ECB is in a pickle Sep 01, 2023

Show notes

UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering.

Mentioned in this podcast:

UBS breaks record with $29bn profit after Credit Suisse deal

‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon

Eurozone core inflation edges down ahead of crunch ECB decision

Switzerland unveils money laundering clampdown

FT Weekend festival promo code: FTPodcast

Read a transcript of this episode on FT.com

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Another coup in Africa Aug 31, 2023

Show notes

Military officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan.

Mentioned in this podcast:

Fed warned Goldman Sachs over risks and compliance oversight at fintech unit

Military leaders seize power in oil-rich Gabon

US commerce secretary hails ‘new approach’ to handling China business frictions

Foxconn founder Terry Gou launches bid for Taiwan presidency

Correction: An earlier version of this episode said hat Terry Gou, the Taiwanese tycoon and Foxconn founder was running for president with an opposition party closely aligned with China. That was a mistake. Gou has urged opposition parties to join forces with him in the forthcoming election, but they haven’t agreed to do so. And Taiwan’s opposition parties are not closely aligned with China, although they do favour an easing of tensions with Beijing.

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Read a transcript of this episode on FT.com

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Why Europe can’t quit Russian energy Aug 30, 2023

Show notes

The EU is set to import record volumes of liquefied natural gas from Russia this year, asset management firm Grayscale won a US court ruling to launch an exchange traded fund tracking bitcoin, and Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies.

Mentioned in this podcast:

EU imports record volumes of liquefied natural gas from Russia

Grayscale scores major court win against SEC on bitcoin ETF

Goldman Sachs bought UK and US companies using Chinese state funds

Job market slowdown fuels bets Fed will hold fire on rates this year

Read a transcript of this episode on FT.com

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An unlikely alliance in Brazil Aug 29, 2023

Show notes

Goldman Sachs plans to sell one of its personal financial management divisions, Brazil's president, Luiz Inácio Lula da Silva, is close to sealing an unlikely alliance, and the European defence industry is struggling to keep up with demand for ammunition for the Ukraine war. Plus, European Council president Charles Michel proposes a target date for adding new members to the EU.

Mentioned in this podcast:

Goldman Sachs sells financial planning unit as part of consumer retreat

El Niño’s storm clouds gather over global food prices

Lula nears pact with Brazilian rightwingers to boost passage of agenda

Boom in the woods: inside a munitions group’s fight to boost production

EU must be ready to accept new members by 2030, Michel to propose

Credit: European Council: President Michel @ Bled Strategic Forum 2023

Read a transcript of this episode on FT.com

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In search of a new economic playbook Aug 28, 2023

Show notes

Chinese corporate earnings reports are forecast to log poor performance and companies are set to downgrade outlooks, and policy makers walked away from Jackson Hole acknowledging they need to adjust to the changing global economy. Plus, the FT’s Jamie Smyth explains why Ireland is still in a good position for the life science industry boom despite a higher corporate tax.

Mentioned in this podcast:

Chinese companies’ earnings to lay bare impact of economic slowdown

‘No playbook’: policymakers face up to changing global economy at Jackson Hole

‘Talent is key’: Ireland brushes off tax rise and prepares for next life sciences boom

Corporate sponsors turn against Spain football chief over World Cup kiss

Credit: Reuters Protesters in Spain call Luis Rubiales to resign

Credit: Bloomberg Television ECB's Lagarde on Global Economic Environment, Inflation

Read a transcript of this episode on FT.com

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Putin breaks his silence on Prigozhin Aug 25, 2023

Show notes

Russia's leader Vladimir Putin on Thursday publicly said warlord Yevgeny Prigozhin was dead, the emerging markets group Brics has invited six more countries to join, and Turkey’s central bank has sharply boosted interest rates. Plus, biomedical companies are under more pressure to stop using horseshoe crabs for testing.

Mentioned in this podcast:

Putin says Prigozhin is dead in first Kremlin reaction to plane crash

Brics leaders invite 6 nations including Saudi Arabia to join bloc

Turkey raises interest rates as it steps up decisive shift in economic policy

Use of horseshoe crabs’ blue blood puts pharma groups under scrutiny

FT Weekend festival promo code: FTPodcast

Rachman Review: The end of Prigozhin

Read a transcript of this episode on FT.com

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Wagner group’s Prigozhin presumed dead Aug 24, 2023

Show notes

Wagner mercenary group leader Yevgeny Prigozhin has reportedly died after a plane crash north-west of Moscow, Nvidia’s revenue more than doubled in the latest quarter on soaring demand, and US regulators are imposing tougher disclosure rules on private funds. Plus, the FT’s Eli Meixler unpacks the latest developments in Thailand’s government.

Mentioned in this podcast:

Yevgeny Prigozhin in fatal plane crash, Russian officials say

Nvidia’s AI boom exceeds Wall Street’s lofty hopes

US regulators impose tougher disclosure rules on private funds

Thailand’s former PM Thaksin Shinawatra jailed after return from exile

Read a transcript of this episode on FT.com

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