FT News Briefing - Financial Times

Latest Episodes:

Bank of Japan stuns markets Dec 21, 2022

Show notes

The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to secure quicker repayment for people who have money trapped with the defunct exchange. Plus, we take a look back at the biggest energy story of 2022.

Mentioned in this podcast:

Bank of Japan stuns markets with yield control policy change

FTX clients to vie for priority payouts in US bankruptcy case

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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Wirecard on trial Dec 20, 2022

Show notes

US regulators settled a record breaking case against the maker of video game Fortnite, a former Wirecard executive told a Munich court that the collapsed German payments company was a “sloppily done fraud”, and a boom in mainland Chinese family offices setting up in Singapore is drawing in thousands of financial professionals.

Mentioned in this podcast:

Epic Games pays FTC $520mn to resolve ‘Fortnite’ claims

Wirecard was ‘sloppily done fraud’, chief witness tells Munich court

Booming Chinese family offices recruit top bankers in Singapore

Read a transcript of this episode on FT.com

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India ramps up lending to counter China Dec 19, 2022

Show notes

EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouring countries, the world’s largest investment banks for the first time will earn more dealmaking fees in India this year than in China, a new generation of artificial tasks is able to do more jobs that previously only humans could do.

Mentioned in this podcast:

Brussels agrees to world’s first carbon tax

India’s plan to take on China as south Asia’s favourite lender

Investors seek to profit from groundbreaking generative AI start-ups

Read a transcript of this episode on FT.com

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Britain’s nurses launch historic strike Dec 16, 2022

Show notes

Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strike. Plus, Argentina’s World Cup success is temporarily distracting Argentinians from economic and political turmoil.

Mentioned in this podcast:

US and European stocks tumble as global outlook sours

Ministers reject nurses’ pay demand amid historic strike

World Cup: Lionel Messi mania diverts Argentina from its economic problems

Read a transcript of this episode on FT.com

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Fed enters a new phase Dec 15, 2022

Show notes

The Federal Reserve slowed the pace of its interest rate increases, western sanctions are causing a steady degradation, rather than a dramatic collapse, of Russia’s economy, and billionaire Ray Dalio is teaming up with Titanic director James Cameron to invest in a luxury submarine maker.

Mentioned in this podcast:

Fed implements half-point rate rise as central banks enter new phase

Russia’s wartime economy: learning to live without imports

Bridgewater’s Ray Dalio invests in submarines for the ultra-rich

Read a transcript of this episode on FT.com

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Former FTX chief charged with fraud Dec 14, 2022

Show notes

US inflation slowed for the second month in a row, the US has formally charged former FTX chief executive, Sam Bankman-Fried, with criminal conspiracy and fraud, and US scientists have made a breakthrough in a powerful clean energy technology.

Mentioned in this podcast:

US accuses Sam Bankman-Fried of conspiracy and fraud after FTX collapse

US shares and bonds surge as inflation hits lowest level since December 2021

How US scientists moved one step closer to dream of fusion power

Read a transcript of this episode on FT.com

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Sam Bankman-Fried arrested in Bahamas Dec 13, 2022

Show notes

Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success.

Mentioned in this podcast:

FTX founder Sam Bankman-Fried arrested in the Bahamas

Goldman considers hundreds of job cuts at consumer business

Fresh raids as Qatar corruption scandal rocks Brussels

Germany confronts a broken business model

Read a transcript of this episode on FT.com

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Spyware maker NSO hopes for a comeback Dec 12, 2022

Show notes

Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences, European oil companies are attracting US investors who view them as cheap compared to American energy stocks, and Pegasus spyware maker NSO Group is betting that victory by Benjamin Netanyahu will restore its fortunes.

Mentioned in this podcast:

UK oil and gas licensing faces legal challenge from environment groups

US fund managers cross Atlantic to buy European oil stocks

Israel’s NSO bets its future on Netanyahu’s comeback

Read a transcript of this episode on FT.com

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FTC hits pause button on video game deal Dec 09, 2022

Show notes

The US Federal Trade Commission says it will sue to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard, and KLM’s chief executive has encouraged passengers to take the train rather than fly on some short-haul journeys. Plus, the FT’s John Paul Rathbone unpacks a military milestone in the Ukraine war.

Mentioned in this podcast:

FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard

KLM chief encourages passengers to take the train to cut emissions

Military briefing: Ukraine drone strikes show Russia it has ‘no safe zones’

Read a transcript of this episode on FT.com

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Political turmoil in Peru Dec 08, 2022

Show notes

The US bond market is signalling that investors expect the Federal Reserve to stay the course in its battle to tame inflation, Peru’s congress impeached the country’s president just after he announced he was dissolving the legislature, and German police made arrests related to an alleged rightwing plot to overthrow the government. Plus, US supply chain disruptions have eased, which is helping to bring down inflation.

Mentioned in this podcast:

Bond market signals bets Fed will stand firm in battle against inflation

Peru’s president dissolves congress ahead of planned impeachment vote

German police uncover alleged rightwing plot to overthrow government

US straightens out supply chains after months of inflationary snarls

Read a transcript of this episode on FT.com

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