The Story of Money

Latest Episodes:

The costs of Russia’s invasion of Ukraine Feb 22, 2023

Show notes

It’s been one year since Russia launched its full-scale invasion of Ukraine. We’re spending this episode talking to FT reporters and Ukrainian entrepreneurs about the costs of this war: How individuals' lives have been uprooted, how the country’s economy has been turned upside down, and how global markets such as food and energy have been transformed.

Clips from CNN, BBC, NBC, PBS, Al Jazeera English

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For further reading:

Conflict with Russia hangs over Ukraine’s recovery

Something for the weekend: the year of Ukraine

Marking a year in the Ukraine war

He wanted an adventure. He ended up in Ukraine’s most brutal war zone

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On Twitter, follow Ben Hall, (@hallbenjamin) Emiko Terazono, (@EmikoTerazono) Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

Europe’s Big Tech trust buster Feb 15, 2023

Show notes

The EU’s executive branch is known for leading the way when it comes to regulating crucial industries, like Big Tech. But for now, one country appears to be further ahead in the race to keep competition alive for European entrepreneurs. The FT’s EU correspondent Javier Espinoza explains who is leading the pack and what it means for everyone else.

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For further reading:

How Germany became Europe’s leading Big Tech trust buster

Brussels re-energised for Big Tech battles

EU braced for legal challenges to rules designed to tackle Big Tech

Fight breaks out between Ireland and Germany over Big Tech regulation

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On Twitter, follow Javier Espinoza (@JavierespFT) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

The US dollar loses its crown Feb 08, 2023

Show notes

The dollar dominated last year as the US Federal Reserve raised interest rates quicker than other countries to tame inflation. But the so-called “king dollar” has shifted recently. FT Capital Markets Correspondent Kate Duguid dives into how the greenback has been toppled from its throne and what that means for the rest of the world.

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For further reading:

US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat’

Dollar touches 7-month low as Fed rate rise expectations slide

The downturn in the dollar is not just about rates

Emerging market governments raise $40bn in January borrowing binge

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On Twitter, follow Kate Duguid (@kateduguid) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

What’s behind the job cuts in Big Tech? Feb 01, 2023

Show notes

Several Big Tech companies have recently announced job cuts - and they pinned their decisions on a pandemic-induced hiring spree. But is that actually what’s driving the cuts? We sat down with the FT’s US financial commentator Robert Armstrong to get the full picture.

Clips from Reuters, MSNBC, Yahoo Finance

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BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback.

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For further reading:

Slimming down Big Tech

Is Big Tech flabby?

Bye-bye massages and free food: Big Tech cuts back perks

The shock of mass lay-offs is only the beginning for companies

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On Twitter, follow Robert Armstrong (@rbrtmstrng) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

China's reset Jan 25, 2023

Show notes

Last year, we talked about China needing to find a mechanism to fix its economy. It looks like it may have found it - by abruptly ending its zero-Covid policies. The FT’s Shanghai correspondent Tom Hale and Global China Editor James Kynge break down what President Xi Jinping’s main goals are and whether it’s enough to jumpstart the country’s economy.

Clips from CNN, BBC

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BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback.

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For further reading:

Xi Jinping’s plan to reset China’s economy and win back friends

China’s economy begins to reopen after 3 years of Covid isolation

China’s Covid generation: the surging inequality behind Xi’s U-turn

I spent 10 days in a secret Chinese Covid detention centre

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On Twitter, follow Tom Hale (@TomHale_), James Kynge (@JKynge) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

A turning point for Tesla? Jan 18, 2023

Show notes

Electric vehicle giant Tesla took the automotive industry by storm with its innovative technology, but the company’s stock price has slid significantly since last year. And its chief executive Elon Musk has some Tesla fans rethinking their support given Musk’s moves as the new owner of Twitter. But the FT’s Richard Waters says that Tesla faces a challenge much bigger than Musk’s latest tweets.

Clips from CBS, ABC News, NBC, CNBC

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BTM listeners, we want to know what you think of the show and what you want to see more of. Visit ft.com/btmsurvey to submit your feedback.

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For further reading:

Trouble at Tesla: the end of a golden age of growth?

Tesla cuts electric car prices across Europe and US to bolster demand

OK, 2022 was a disaster for Tesla. What next?

Musk/multitasking: the cost of being thinly stretched

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On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

Indonesia’s secret to economic success Jan 11, 2023

Show notes

The global economy has been hit hard in the past few years by the Covid-19 pandemic, high inflation and Russia’s war in Ukraine. However, there’s one emerging economy that’s managed to succeed in spite of that - Indonesia. So, what’s its secret? We sat down with the FT’s Mercedes Ruehl to understand how the country got to where it is now, and whether that success will be permanent.

Clips from Associated Press

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For further reading:

Indonesia’s unexpected success story

Indonesia’s president steps on to world stage as G20 host

Bauxite: holding resources hostage will impede Indonesia’s growth

Indonesia’s growth outlook dims as Jokowi begins final term

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On Twitter, follow Mercedes Ruehl (@mjruehl) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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

What we can learn from 300-year-old bubbles Jan 04, 2023

Show notes

Welcome back to a new year with Behind the Money! We’re starting off by paying a visit to the New York Public Library to take a peek into the past. Some 300 years ago parts of Europe were in the middle of a financial revolution that quickly turned into a financial frenzy and then — a fallout. With help from the FT’s US markets editor Jennifer Hughes, we’ll learn more about the Mississippi and South Sea Company Bubbles, and what they tell us about today.

Clips from: NBC, CNBC, CBS News

Music: Georg Philipp Telemann’s Overture-Suite in B-flat Major performed by Tempesta di Mare / The Philadelphia Baroque Orchestra

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Learn how to visit the New York Public Library’s exhibit, Fortune and Folly in 1720.

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