FT News Briefing - Financial Times

Latest Episodes:

UK tax plan hurts investor confidence Sep 26, 2022

Show notes

UK chancellor Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, at least 41 people have died in protests in Iran sparked by the death of a young woman who was arrested for allegedly violating Islamic dress code. Plus, the FT’s Polina Ivanova explains how Russia’s military conscription is affecting remote regions of the country.

Mentioned in this podcast:

Radical UK budget prompts backlash on Tory backbenches

Investors warn Kwarteng that fiscal plan threatens markets’ confidence in UK

Death toll from Iranian protests climbs to 41

‘Everyone will get snatched off the street’: mobilisation brings Ukraine war home to Russians

FT.com/briefingsale

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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FT Weekend: How NFTs shook up the art world Sep 24, 2022

Show notes

NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.

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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.

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Links and mentions from the episode:

– Tech Tonic is available wherever you listen to your podcasts, or at www.ft.com/tech-tonic. The episode on NFT mania is here

– Jemima’s most recent column, ‘Don’t believe the maximalists: bitcoin can’t be separated from crypto’: https://on.ft.com/3SaAAia

– Jemima is on Twitter @jemimajoana

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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast

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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco

Read a transcript of this episode on FT.com

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

Catch a falling yen Sep 23, 2022

Show notes

Several EU member states are pushing for hard-hitting measures against Russia and a UN policy memorandum argues Pakistan should suspend international debt repayments. Plus, the FT’s Katie Martin explains why the Bank of Japan would keep interest rates in negative territory and prop up the yen.

Mentioned in this podcast:

Poland and Baltic states push for harsher EU sanctions against Russia

Flood-hit Pakistan should suspend debt repayments, says UN policy paper

Japan intervenes to prop up yen for first time since 1998

ft.com/briefingsale

Read a transcript of this episode on FT.com

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Fed signals more economic pain to come Sep 22, 2022

Show notes

The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third time in a row on Wednesday, and Credit Suisse has drawn up plans to split its investment bank in three. Plus, the FT’s Hannah Murphy explains how companies, and the negotiators they hire, deal with a ransomware attack.

Mentioned in this podcast:

Jay Powell refuses to rule out US recession after third 0.75% rate rise

The ransomware game: test your skills in the world of hackers and negotiators

Credit Suisse considers splitting investment bank in three

FT.com/briefingsale

Read a transcript of this episode on FT.com

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Travis Kalanick’s excellent (and secret) venture Sep 21, 2022

Show notes

The Federal Reserve is expected to raise interest rates by 0.75 per cent today, Goldman Sachs is expanding its transaction banking business in Europe, and former Uber chief executive Travis Kalanick has tried to keep his new “dark kitchens” venture as secretive as possible.

Mentioned in this podcast:

Federal Reserve set to raise benchmark interest rate

Goldman Sachs hunts new revenues in EU transaction banking push

Travis Kalanick expands ‘dark kitchens’ venture across Latin America

Microsoft invests in Travis Kalanick’s CloudKitchens start-up

FT.com/briefingsale

Read a transcript of this episode on FT.com

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Swamp Notes: US Democrats on the offensive Sep 20, 2022

Show notes

Two Turkish banks have halted the use of Russia's payment system, two global energy agencies estimate it would cost $1tn to avoid the catastrophic effects of climate change, and pension funds in Europe and Australia pressured asset manager Federated Hermes to stop sponsoring a group of US officials who oppose action on climate change. Plus, Swamp Notes columnists Ed Luce and Rana Foroohar discuss what’s behind the US Democratic party’s rebound heading towards midterm elections.

Mentioned in this podcast:

Turkish banks suspend Russian Mir cards amid US sanctions pressure

Investment of $1tn a year needed for 2030 climate goals, report finds

Under-fire US fund manager pulls controversial sponsorship of climate sceptics

Joe Biden comes out swinging as Democrats sense midterms momentum shift

Biden’s Lazarus-like opportunity

Read a transcript of this episode on FT.com

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The collapse of Celsius Network Sep 19, 2022

Show notes

Markets are increasingly betting on policymakers raising borrowing costs higher and faster, an FT-IGM survey shows economists expect the US central bank will lift its benchmark policy rate above 4 per cent and hold it there beyond 2023, and the market downturn has sparked the longest tech IPO drought in more than 20 years. Plus, the FT’s Kadhim Shubber talks about his investigation into the fall of high flying cryptocurrency lender Celsius Network.

Mentioned in this podcast:

Central banks set to hit peak rates higher at faster pace

Fed to keep interest rates above 4% beyond 2023, economists predict

Market downturn brings longest tech IPO drought in decades

Inside Celsius: How one of crypto’s biggest lenders ground to a halt

Alex Mashinsky took control of Celsius trading strategy months before bankruptcy

Read a transcript of this episode on FT.com

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FT Weekend: How do young Brits feel about the monarchy? Sep 17, 2022

Show notes

This week we discuss how young people view the late Queen Elizabeth with journalist Imogen West-Knights and our own producer Lulu Smyth. For many Millennials and Gen Zers, the first royal succession in 70 years is also the first time they’ve considered their stance on the monarchy more broadly. And it’s eliciting some mixed feelings. Then, we explore how we’re spending money on culture now. The FT’s US business editor Andrew Edgecliffe-Johnson explains all the ways our post-pandemic restlessness is colliding with growing inflation. It turns out we’re now more discerning in how we stay in and how we go out.

Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.

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Links and mentions from the episode:

Imogen’s dispatch from Buckingham palace: https://on.ft.com/3eVMr50

The FT Weekend essay this week, ‘King Charles and the future of the monarchy’: https://on.ft.com/3qPsVcM

Edge and Lilah’s conversation on Instagram live: https://www.instagram.com/reel/Ch20tSdJQ8v

Imogen is on Twitter @ImogenWK. Edge is on Twitter @Edgecliffe.

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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast

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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco

Read a transcript of this episode on FT.com

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

Inflation, the Hamptons and an $800 grocery cart Sep 16, 2022

Show notes

China’s local government financing vehicles are bailing out cities and provinces that are struggling for cash, and UK prime minister Liz Truss is making a last-ditch effort to convince SoftBank to list its British chip maker, Arm, in the UK. Plus, the FT’s global business columnist Rana Foroohar argues that America’s wealthiest are making bad inflation worse.

Mentioned in this podcast

China’s local government financing vehicles go on land buying spree

Liz Truss prepares fresh bid to persuade SoftBank to list Arm in London

Everyone pays the cost as the rich keep spending

Vladimir Putin acknowledges Chinese “concerns” over Ukraine

Read a transcript of this episode on FT.com

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

A worsening migration crisis in the Americas Sep 15, 2022

Show notes

The US and EU are concerned that Russia can use Turkish banks to evade financial sanctions, Porsche tries to catch up to Ferrari with an initial public offering of its own, plus, the FT’s Latin America editor Michael Stott talks about record migration throughout the Americas.

Mentioned in this podcast:

US and EU step up pressure on Turkey over Russia sanctions

Porsche IPO: the race to catch Ferrari

Repression and poverty trigger record migration crisis in the Americas

Rachman Review podcast

Read a transcript of this episode on FT.com

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