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FT News Briefing

Author: Financial Times

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A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.

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

1569 Episodes
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Credit agencies have misrated more than $100bn of commercial real estate debt, new election polls suggest the UK could be in for a seismic political shift, and the Philippines has been secretly reinforcing a dilapidated warship marooned on a South China Sea reef. Plus, drilling for naturally occurring hydrogen gas was deemed unfeasible, but prospectors now think differently.Mentioned in this podcast:Poll predicts Rishi Sunak to lose seat in Tory wipeoutWhy we can’t be sure of the size of the Labour swingHow a cigarette sparked a slow-burn search for buried ‘gold’ hydrogenPhilippines secretly reinforces ship at centre of South China Sea disputeRatings agencies give high marks to bonds financing defaulted propertiesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Bank robberies in Gaza

Bank robberies in Gaza

2024-06-2012:05

Hamas-backed militants orchestrate bank heists, the ECB raises alarm over Eurozone debt, Malaysia courts Chinese investment, and Softbank debuts “EmotionCancelling” AI.Mentioned in this podcast:Premier Li Qiang’s visit has Malaysia wanting more from China pivot Armed gangs stage bank heists in GazaThis episode of FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Persis Love, Mischa Frankl-Duval. Additional help from Sonja Hutson, Kasia Broussalian and Marc Filippino. Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Nvidia claims top spot

Nvidia claims top spot

2024-06-1912:471

Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, and Silicon Valley companies are screening their staff for Chinese spying. Plus, the FT’s Saffeya Ahmed unpacks Shein’s tumultuous journey to go public. Mentioned in this podcast:Nvidia vaults past Apple and Microsoft to become world’s most valuable companyApple supplier TDK claims solid-state battery breakthroughBehind the Money: The wrinkle in Shein’s IPO plansShein switches focus to London after New York IPO stallsSilicon Valley steps up employee screening over Chinese espionage threatThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Kyra Assibey-Bonsu, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’s Cristina Criddle explains why OpenAI is expanding its global affairs unit. Mentioned in this podcast:French businesses court Marine Le Pen after taking fright at left’s policiesOpenAI expands lobbying team to influence regulationBill Gross seeks to set record by selling stamp collection for up to $20mnThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Major defence companies are recruiting workers at the fastest rate since the end of the cold war, global leaders were able to reach a consensus on major issues during the G7 summit, and big Chinese companies are turning to the convertible bond market. Plus, investors are flocking to the local currency bonds of one-time emerging market pariahs. Mentioned in this podcast:Chinese companies rush to tap US convertible bond marketFrontier emerging markets lure investors back with high yieldsG7 threatens China with further sanctions over Russia war supportGlobal defence groups hiring at fastest rate in decades amid record ordersThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.Links: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Margaret Thatcher’s election in 1979 foreshadowed Ronald Reagan’s a year later, and the Brexit vote in 2016 took place just months before Donald Trump’s stunning presidential victory. The FT’s Whitehall editor, Lucy Fisher, and US politics news editor, Derek Brower, join this week’s Swamp Notes to explain why British and American politics often rhyme, and what the phenomenon could mean for upcoming elections in both countries. Mentioned in this podcast:Parallel US and UK elections could bring dangersNigel Farage’s Reform UK overtakes Conservatives in new opinion pollFrom the Political Fix podcast: “the Tories’ ‘kitchen sink’ manifesto”Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?Mentioned in this podcast:Japan’s top carmakers caught in widening testing scandalWhat the EU’s tariffs on electric vehicles mean for ChinaKeir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launchThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch’ on AI models.  Mentioned in this podcast:Fed officials signal just one interest rate cut before end of 2024Silicon Valley in uproar over Californian AI safety billUS inflation falls to 3.3% in May in boost to marketsTerraform Labs to pay $4.5bn in SEC fraud caseThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to the US dollar has increased sharply this year, the EU plans to put hefty tariffs on Chinese electric vehicles, and the UK Tories' manifesto lays out billions in tax cuts. Plus, the FT’s Christine Murray explains why Mexico's peso slid after president-elect Claudia Sheinbaum proposed reforms.Mentioned in this podcast:EU to impose multi-billion euro tariffs on Chinese electric carsGlobal central banks plan to increase dollar reserves, survey suggestsRishi Sunak pledges £17bn in tax cuts to revive Tory election bidMexico’s president-elect vows to press ahead with controversial judicial overhaulShari Redstone ends talks with Skydance Media over deal to control ParamountThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Victoria Mortimer, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, and private equity groups are snapping up US accounting firms. Plus, President Emmanuel Macron stunned France on Sunday when he called snap parliamentary elections. The FT’s Leila Abboud unpacks what happens next for the country. Mentioned in this podcast:Apple partners with OpenAI as it rolls out new artificial intelligence systemPrivate equity groups poised to own one in three top US accounting firmsEmmanuel Macron gambles on snap French election after Marine Le Pen victory in EU voteWhy Emmanuel Macron went all in against Marine Le PenThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency government, and Iranian authorities have disqualified prominent moderates as candidates in the snap presidential election. Plus, global investors are turning their backs on sustainability-focused stock funds.Mentioned in this podcast:Far-right parties make significant gains in European parliament electionsInvestors pull cash from ESG funds as performance lagsIran promotes hardliners as presidential candidatesBenny Gantz resigns from Israel government over GazaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prarkiti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the second of this five-part series, the FT’s renowned economics commentator, Martin Wolf, speaks to the author and journalist Anne Applebaum, who’s witnessed first hand some of the seismic shifts that have taken place in America and Europe. They talk about how the newly elected Polish government is trying to veer the country away from the illiberal path taken by the previous administration, and spell out what’s at stake for the world if Donald Trump wins a second term as US president. Clip: The GuardianLinks: Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereThis episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Few of Silicon Valley’s biggest names supported Donald Trump in 2016 or 2020. Now, some of them are holding multimillion- dollar fundraisers for him. The FT’s US business and politics correspondent, Alex Rogers, and tech correspondent, Hannah Murphy, join this week’s Swamp Notes to explain why Big Tech is abandoning Joe Biden. Mentioned in this podcast:Donald Trump fundraiser latest sign of support in Silicon ValleySilicon Valley elite warms to Donald TrumpBiden camp hits out at Elon Musk and ‘sucker’ Donald TrumpSign up for the FT’s Swamp Notes newsletter hereDo you have questions about the US election? Drop us a voice note here and we may play your question on the show! Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The European Central Bank has cut interest rates for the first time in nearly five years, and the European Commission will recommend the start of EU accession talks with Ukraine this month.Plus, the FT’s Katie Martin explains how optimistic we should be about a revival of the London Stock Exchange. Mentioned in this podcast:ECB cuts interest rates for first time in five yearsA cautious revival of the London IPO marketUkraine ready for EU membership talks, Brussels saysThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Nvidia’s market value briefly rose past $3tn to overtake Apple as the world’s second-most valuable company, South Africa’s African National Congress party is considering the formation of a national unity government with rival parties, and UK Prime Minister Rishi Sunak was accused on Wednesday by Sir Keir Starmer of “resorting to lies” over Labour’s tax plans. Plus, a US appeals court has tossed out new rules that would have forced private equity and hedge funds to be more transparent.Mentioned in this podcast:Nvidia’s market value powers past $3tn in AI-fuelled rallyKeir Starmer accuses Rishi Sunak of ‘lying’ over Labour £2,000 tax claimANC considers national unity government in South AfricaNew SEC rules on private funds thrown out by US appeals courtThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
Gazprom is unlikely to recover gas sales lost as a result of Vladimir Putin’s full-scale invasion of Ukraine for at least a decade, India’s Prime Minister Narendra Modi is set to win a historic third term, job openings, vacancies and quits data provided more evidence of a cooling labour market in the US. Plus, Opec+ might be losing ground in its fight to prop up oil prices. Mentioned in this podcast:Gazprom badly hurt by Ukraine war, says company-commissioned reportNarendra Modi set to lose parliamentary majority in shock Indian election resultIndia election strips Narendra Modi of his ‘aura of invincibility’Opec+ is running out of roadUS labour market cools in April, relieving pressure on the Fed The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Hosted on Acast. See acast.com/privacy for more information.
US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, food delivery apps put new focus on profits despite slower growth following the coronavirus pandemic, and a new podcast from the Financial Times explores the fallout since Qatargate. Mentioned in this podcast:Food delivery apps rack up $20bn in losses in fierce battle for dinersIndian markets hit record highs as exit polls forecast Modi victorySunak and Starmer set to clash in first UK election leaders’ debateUntold: Power for Sale. Subscribe or listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.
Russia and China are deadlocked over a deal to build a gas pipeline connecting the two countries, far-right parties in Europe are gaining ground with younger voters, technical trouble could hamper Tesla’s upcoming shareholder election, and disagreement at OpenAI over safety and leadership has led to top level resignations.Mentioned in this podcast:Russia-China gas pipeline deal stalls over Beijing’s price demandsInternal divisions linger at OpenAI after November’s attempted coupTesla’s many international retail investors unable to cast AGM voteHow the far right is winning over young EuropeansThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the first of this five-part series, the FT’s renowned economics commentator Martin Wolf tells executive opinion editor Jonathan Derbyshire why he worries about the consequences for the future of democratic institutions. Martin then speaks to Robert Kagan, a neoconservative scholar and a senior fellow at the Brookings Institution in Washington, about what a victory, or defeat, for Donald Trump might mean for the future of US democracy.Links:Martin Wolf column: Fascism has changed, but it is not deadFor Martin’s other FT columns click hereClip: CNBCThis episode is presented by Jonathan Derbyshire and Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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Comments (16)

Koiras Pazoki

When you hear the leftist campaign keyword "Convicted Criminal", it's time to unsubscribe. You're unsubscribed, NT.

Jun 2nd
Reply

Early Cat

good

Mar 16th
Reply

Hafiz Tajuddin

Rob for some reason sounds like Seth Rogen. And I count five metaphors so far, well done.

Oct 18th
Reply

Hamid

The moment a company or a person, no matter where they come from, interpret the allegations against them as attack on their nation, we should be very suspicious about them. They bring their nationality to the table to hide something for sure

Jan 30th
Reply

Rohit K reddy

Books mentioned: 1. Towards Eutopia 2. Neoliberal Order 3. Disorder 4. General Electric book 5. personal fav: The mad century 6. supply chain books - 2

Aug 22nd
Reply

Sridhar Chari

thank you for introducing me to the world of art auctions .

Jun 20th
Reply (1)

Anh Pham

to whoever decided to coyly add pencil skyscraper story to rich interior lives of pigs byline 👏 👏

Jun 11th
Reply

Faranak Javaheri

bad accent

Aug 23rd
Reply

Anna

Happy to see that true athletes support their comrades from different countries so many times during Olympics (Russia/US/China/UK/Ukraine/Italy etc). Sadly, can't say the same about this episode. Couple of bitter comments don't change anything.

Aug 6th
Reply

vikx01

It's a shame that hosts other than Mark don't mention their names.

Jun 11th
Reply (1)

G- s-B

that womans voice was horrible to listen to

Nov 11th
Reply

Olive Loves Life🌿EC Ayurveda

Sweden lives of trade, DK is a farmers country and Norway lives of shipping oil and fish industry. Swedes travel by far more and our covid has hit us first. If the other countries ever open up they will by default get more infected.

Aug 11th
Reply

Francisco Perez

China has been the first country on suffering the outbreak and it is very likely they will be the first country on recovering. So they have to change they way they interact with international community due to they were not pretty clear at the beginning on the outbreak 😠😠😠

Mar 26th
Reply

Kirsty

He died like a dog!

Oct 28th
Reply