FT News Briefing - Financial Times

Latest Episodes:

UBS’s Credit Suisse challenge Apr 25, 2023

Show notes

US President Joe Biden is expected to announce on Tuesday that he’s running for re-election, UBS could lose customers as a result of its takeover of Credit Suisse, and the French luxury group LVMH became the first European company to hit a $500bn market value.

Mentioned in this podcast:

Biden prepares to take his case for a second term to American voters

Hunt admits UK business taxes are too high as government pressed on strategy

Credit Suisse suffered $69bn in outflows during first-quarter crisis

LVMH becomes first European company to hit $500bn market value

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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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America's dollar stores get a makeover Apr 24, 2023

Show notes

Santander is trying to poach some of Credit Suisse’s most senior investment bankers, UK prime minister Rishi Sunak looks to establish calm after deputy prime minister Domic Raab resigned last week, American dollar stores have to adjust for the age of inflation and UK therapist are pushing back on US mental health platform.

Mentioned in this podcast:

Santander moves to hire some of Credit Suisse’s top dealmakers

Dominic Raab resigns as UK deputy prime minister over bullying claims

America’s dollar stores get a makeover for the age of inflation

Therapists sound alarm on BetterHelp’s rapid UK expansion

Read a transcript of this episode on FT.com

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Introducing Behind the Money: Night School Apr 22, 2023

Show notes

There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School.

Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.

Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.

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Credit Suisse bondholders sue Apr 21, 2023

Show notes

Regional banks across the US have largely stopped the massive outflow of deposits after the collapse of Silicon Valley Bank, investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, and the FT’s Brooke Masters argues the US court battle over regulator approval of an abortion pill could have a chilling effect on the country’s pharmaceutical industry.

Mentioned in this podcast:

Stability after SVB’s collapse comes at a price for US regional banks

Credit Suisse investors sue Swiss regulator over bond wipeout

The abortion pill case is a disaster for innovation everywhere

Read a transcript of this episode on FT.com

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Ukraine pleads for air defence missiles Apr 20, 2023

Show notes

Natural gas consumption in the EU fell almost 18 per cent in the past eight months, Ukraine will plead for urgent shipments of surface-to-air missiles at a meeting of its western allies on Friday, and Germany looks ready to legalise recreational cannabis use.

Mentioned in this podcast:

EU gas usage falls 18% after price shock caused by Russian supply cuts

Military briefing: Ukraine pleads for missiles as air defence stocks run low

Germany set to legalise personal use of cannabis

Read a transcript of this episode on FT.com

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The TikTok divide Apr 19, 2023

Show notes

Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case, Bank of America emerged from banking turmoil with higher first-quarter profits, China’s latest GDP numbers show the economy is rebounding from one of its worst years in decades, and lawmakers and activists from across the political spectrum have come out against efforts in western countries to ban or curb TikTok

Mentioned in this podcast:

Bank of America plans 4,000 job cuts despite strong results

Five takeaways from China’s first-quarter GDP data

Dissenting politicians join young activists to oppose TikTok bans

FT Live Event: The UK’s 2024 Election

Read a transcript of this episode on FT.com

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A power struggle in Sudan Apr 18, 2023

Show notes

Apple and Goldman Sachs launched a new savings account with an interest rate more than 10 times the national average, a Chinese genetics company said it would press ahead with US expansion as it tries to distance itself from its former parent company, and the FT’s David Pilling explains what’s at stake in the conflict in Sudan.

Mentioned in this podcast:

Apple and Goldman offer US savings account with 4.15% annual interest

Chinese genetics company targets US despite political tensions

Sudan conflict pitches military leaders into struggle for control

Sega Sammy launches €706mn offer for Angry Birds maker Rovio

Read a transcript of this episode on FT.com

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Turkey’s voters lose faith in Erdogan Apr 17, 2023

Show notes

Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year, one of Charles Schwab’s largest investors sold its entire $1.4bn stake in the brokerage giant during last month’s banking turmoil, Turkish voters head to the polls next month and are losing faith in President Recep Tayyip Erdoğan, and Poland and Hungary halt Ukraine grain imports to placate angry farmers amid a grain glut

Mentioned in this podcast:

Companies have committed more than $200bn to US manufacturing projects

Top Charles Schwab investor sold entire stake amid banking turmoil

‘They’ve screwed the economy’: Turkey’s heartland voters tire of Erdoğan

Poland and Hungary defy Brussels to halt Ukraine grain imports

Read a transcript of this episode on FT.com

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The quantum revolution: The way the world is Apr 15, 2023

Show notes

In the final episode of this Tech Tonic series, we hear how radical quantum ideas are reshaping our fundamental understanding of the universe. Nobel Prize winner Anton Zeilinger tells the FT’s Madhumita Murgia about the future of teleportation and the quantum internet; quantum computing pioneer David Deutsch makes the case for the theory that we live in a multiverse; and FT innovation editor John Thornhill speaks to physicist Carlo Rovelli about relational quantum mechanics.

Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.

We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will get a chance to win a pair of Bose QuietComfort Earbuds.

Read a transcript of this episode on FT.com

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Open AI’s ‘red team’ Apr 14, 2023

Show notes

BP has started pumping crude through a new $9bn offshore platform as it slows its transition out of fossil fuels, global equities have recovered from the banking crisis but risks remain, and experts are sounding the alarm over the latest version of Open AI’s artificial intelligence chatbot ChatGPT.

Mentioned in this podcast:

BP commits to Gulf of Mexico as $9bn platform comes online

OpenAI’s red team: the experts hired to ‘break’ ChatGPT

Read a transcript of this episode on FT.com

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