FT News Briefing - Financial Times

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Tesla sees a bumpy road ahead Jan 26, 2023

Show notes

Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gushing into a US Federal Reserve facility designed to mop up excess cash in the financial system.

Mentioned in this podcast:

Tesla aims to build 1.8mn cars this year but warns of challenges

US economic growth set to have slowed in fourth quarter of 2022

Investors pump trillions of dollars a day into ultra-safe Fed facility

Bank of Canada signals likely pause in tightening after latest interest rate rise

Central banks should sacrifice ambitions of a perfect economic landing

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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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Microsoft cloud business holds up Jan 25, 2023

Show notes

Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted,the Qatar Investment Authority has doubled its stake in Credit Suisse, and Chris Hipkins has been sworn in as New Zealand’s next prime minister, replacing Jacinda Ardern.

Mentioned in this podcast:

Qatar Investment Authority doubles stake in Credit Suisse

‘Mr Fixit’ replaces Jacinda Ardern as New Zealand’s prime minister

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Behind the Money

Read a transcript of this episode on FT.com

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Germany’s tank dilemma Jan 24, 2023

Show notes

Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine.

Mentioned in this podcast:

China property bonds rebound on support measures from Beijing

Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel

Why are Ukraine’s allies arguing about tanks?

‘Free the leopards!’: Tank row heightens Germany’s isolation over Ukraine

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Read a transcript of this episode on FT.com

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A Latin American common currency? Jan 23, 2023

Show notes

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Russia say a law introduced by Vladimir Putin is disrupting sales and allowing deals to be hijacked, and Elon Musk faces tough choices to meet financial obligations of his Twitter takeover financed by $13bn in debt.

Mentioned in this podcast:

Brazil and Argentina to start preparations for a common currency

Western banks struggle to exit Russia after Putin intervention

Looming Twitter interest payment leaves Musk with unpalatable options

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Read a transcript of this episode on FT.com

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Netflix's CEO steps down Jan 20, 2023

Show notes

Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising interest rates, companies are trying to find solutions to global supply chain kinks, and the FT’s Yuan Yang explains the power of collectively remembering pandemic lockdowns in China.

Mentioned in this podcast:

Netflix co-founder Reed Hastings to step down as chief executive

Central bankers pledge to ‘stay the course’ on high interest rates

Companies race to work around choke points in world trade

China’s collective memories of the pandemic deserve to be preserved

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Read a transcript of this episode on FT.com

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US expected to hit debt ceiling Jan 19, 2023

Show notes

The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Davos on the tense relations between the US and Europe over America’s new expensive green subsidies law.

Mentioned in this podcast:

EU makes green pitch to rival US subsidy splurge

Microsoft to cut 10,000 jobs in push to bring down costs

The US hits the debt ceiling today. What happens next?

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Read a transcript of this episode on FT.com

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Beijing’s new tech control strategy Jan 18, 2023

Show notes

Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies.

Mentioned in this podcast:

Morgan Stanley retains edge over Goldman due to booming wealth unit

China moves to take ‘golden shares’ in Alibaba and Tencent units

China tech stocks stage $700bn recovery rally

Shareholders bring US abortion battle to the boardroom

Read a transcript of this episode on FT.com

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Berlin beats back Big Tech Jan 17, 2023

Show notes

US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, a former Russian paramilitary soldier has promised to give evidence against the notorious Wagner group after making a dramatic escape to Norway, and scientists have unveiled a laser beam to deflect lightning strikes. Plus, as EU regulators slowly roll out their own Big Tech regulation enforcement, Berlin is already holding gatekeepers to account.

Mentioned in this podcast:

Yellen to meet Chinese finance minister in Zurich this week

Wagner fighter seeks asylum after dramatic escape to Norway

How Germany became Europe’s leading Big Tech trust buster

Scientists unveil laser beam to deflect lightning strikes

Read a transcript of this episode on FT.com

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The FT heads to Davos Jan 16, 2023

Show notes

Demand for ‘buy now, pay later’ deals has surged among all age groups in the UK, US regulators are cracking down on a type of investment vehicle used by private equity groups, and we’ll chat with the FT’s chief foreign affairs commentator Gideon Rachman as he heads to Davos.

Mentioned in this podcast:

US regulators crackdown on ‘collateralised fund obligations’

Geopolitics threatens to destroy the world Davos made

Buy now, pay later demand soars among all age groups in the UK

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Read a transcript of this episode on FT.com

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Pakistan’s debt crisis Jan 13, 2023

Show notes

Annual US inflation fell in December to its lowest level in more than a year, and Sweden’s state-owned mining company LKAB has said it has discovered Europe’s largest deposit of rare earth metals. Plus, the FT’s Jonathan Wheatley and Farhan Bokhari discuss Pakistan’s financial crisis.

Mentioned in this podcast:

US inflation falls to lowest level in more than a year

Pakistan secures more than $9bn of pledges for post-flood recovery

Sweden discovers biggest rare earths deposit in EU

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Read a transcript of this episode on FT.com

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