FT News Briefing

US trade representative Jamieson Greer is President Donald Trump’s top trade official. He has played a critical role in negotiations between Washington and its trading partners. This includes recent talks with Canada, whose retaliatory tariffs against the US go into effect later this week.  The FT's Aime Williams sat down with Greer for a wide-ranging interview. They covered everything from the trade war with Ottawa, friction points with the UK, to Trump’s expected meeting with China’s leader Xi Jinping later this month.  Mentioned in this podcast: UK is failing to capitalise on Brexit, says top Trump trade official Trump tariff tracker: US trade, markets and the economy Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Kelly Garry, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US trade representative says the UK is choosing the EU over America and Deutsche Bank organised almost $1bn of loans to a Hollywood studio landlord now in default. Plus, Nvidia has agreed to buy AI model platform Hugging Face for $13bn, and a look at how chicken became the world’s favourite protein. Mentioned in this podcast: UK-EU alignment is ‘problem’ for US trade deal, says top Trump official Deutsche Bank led $1bn of troubled lending to Hollywood studio landlord Nvidia to buy open-source AI platform Hugging Face for $13bn Hugging Face attack is a wake-up call about the risks of AI FT Series: Big Chicken Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Auditors warned Guggenheim Partners about weak controls within its business, and Uber is teaming up with driver unions to try to slow the rollout of robotaxis. Plus, US oil major Chevron and Italy’s Eni are boosting investment in oil production in Venezuela. Mentioned in this podcast: KPMG warned Guggenheim unit over deficiencies in internal controls Uber allies with driver unions in bid to slow robotaxi rollout Chevron to double Venezuela oil production with $7bn pledge Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

An FT investigation found Russia has been secretly helping Iran develop advanced supersonic cruise missiles, the US launched fresh strikes on Iran, and the global bond sell-off deepened on Tuesday. Plus, AI groups are racing to address the risk that future models could help users create bioweapons.  Mentioned in this podcast: Russia secretly helping Iran develop supersonic cruise missiles US launches further strikes on Iran as conflict flares up Global bond sell-off deepens amid inflation fears ‘All it will take is one screw-up’: AI groups race to limit bioweapon risks Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Sonja Hutson and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street banks are pushing large law firms to cut fees because of AI, and analysts say Donald Trump’s Venezuela oil agreement may not succeed in attracting investment from US companies. Plus, London’s Tube is set to finally roll out mobile coverage across its entire network by the end of the year.  Mentioned in this podcast: Wall Street banks push Big Law to cut fees because of AI Can Donald Trump’s 65bn-barrel deal revive Venezuela’s oil industry? London’s Tube finally escapes its mobile blackout Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Sonja Hutson and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Soaring demand for natural gas has pushed dealmaking to a decade high, the consulting industry is headed for an AI showdown with its own clients, and the Taliban wants to strike a minerals deal with the US. Plus, it’s Tim Cook’s last day as chief executive of Apple.   Mentioned in this podcast: Scramble for gas assets pushes dealmaking to record high  Controversial Venezuelan executive courts investors after Trump oil deal Consulting heads for an AI showdown — with its own clients The rise of physical AI: can robots save US manufacturing? Taliban sees room for mineral deals with US under Donald Trump Tim Cook’s legacy by the numbers AI podcast presenters are here — but I’m not one of them FT Weekend Festival: ft.com/festival  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia’s sovereign wealth fund has replaced the chief executive at one of the country’s flagship real estate mega-projects, and global issuance of zero-interest convertible bonds is on track for a record year. Plus, the EU’s closest economic partners are worried about Brussels’ increasingly protectionist policies, and Britain’s Prime Minister Andy Burnham sought to calm corporate nerves in an interview with the FT.  Mentioned in this podcast: Saudi Arabia shakes up flagship real estate project Zero-interest convertible bonds set for record year EU industrial push strains ties with Switzerland and Norway Andy Burnham pledges to ‘take pressure off’ business ahead of October Budget Listen to Political Fix on Apple Podcasts, Pocket Casts or Spotify. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia reported strong sales, Meta has agreed to pay up to $18bn to settle its blockbuster social media addiction legal battle, and bond investors think that France is Europe’s new problem child. Plus, more than $80bn has been wiped off the value of bitcoin treasury companies since the middle of last year. Mentioned in this podcast: Nvidia sales more than double to $96bn on bumper AI demand Meta to pay up to $18bn to settle children’s social media harm case France replaces Italy as European bond investors’ big worry Bitcoin treasury companies shed $80bn in value as business model unwinds Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Traders and analysts are warning oil prices could soon hit $100 a barrel again, Germany is becoming a magnet for international defence groups, and Canada has announced retaliatory tariffs of up to 50 per cent on US imports. Plus, Wall Street is stretching itself to finance massive investment in data centres, and European heatwaves have prompted the continent to look to the Gulf for air-conditioning inspiration.  Mentioned in this podcast: Oil crunch threatens to send prices back above $100 a barrel, investors say The multiplying risks of investing in data centres Canada announces $20bn retaliatory tariffs as US trade war escalates Berlin’s defence push draws global groups to set up shop in Germany Gulf’s outdoor air-con catches eye of Europeans Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Scott Bessent said the US would expand the scope of secondary sanctions on Iran, and JPMorgan Chase is relaxing its approach to lending money against shares in companies that have recently gone public. Plus, US private equity growth funds raised a record amount of capital in the first half of this year, and Pakistan’s focus on securing US financing is a big shift after years of relying on state loans from China. Mentioned in this podcast: Scott Bessent threatens more US sanctions on Iran’s economic partners JPMorgan eases approach on lending against shares to court AI’s new wealth Private equity growth funds attract record first-half inflows as sector rebounds Pakistan seeks US funding in shift from reliance on China Credit: NBC News Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Federal Reserve chair Kevin Warsh will seek to soothe investors’ nerves at this week’s Jackson Hole symposium, Andy Burnham is headed to Ukraine for his first overseas trip as Britain’s prime minister, and Saudi Arabia held talks with London brokers for a state-backed war insurance scheme. Plus, we take a deep dive into an investment giant that’s slowly unravelling, and Canada’s prime minister says the country is “at war” with the US over trade.  Mentioned in this podcast: Warsh seeks to soothe investors’ nerves as signs of economic strain mount Burnham to pledge support for long-range missile construction in Ukraine Mark Walter’s unravelling empire tests the insurance trade behind private credit’s rise Mark Carney says Canada ‘at war’ with US over trade Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Support this week from Kelly Garry. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an investor frenzy for Chinese technology stocks, and a Chinese court has sentenced Evergrande founder Hui Ka Yan to life in prison. Mentioned in this podcast: Scott Bessent takes on the bond vigilantes Western oil refinery closures set to continue despite war shock Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy Founder of collapsed Chinese property giant given life sentence Credit: CNBC  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiring students in their first few months of law school and Irish pubs are disappearing.  Mentioned in this podcast: US Treasury to double buybacks of long-term government debt Moderna shares double on melanoma vaccine trial success Top US law firms hit by backlash over ‘crazy’ hiring of first-year students Death stalks the Irish pub Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran has weighed attacking US military targets in Europe should Donald Trump escalate the war, according to people close to the regime. Long-term borrowing costs across major economies hit multi-decade highs, and Revolut has proposed increasing the amount chief executive Nik Storonsky can borrow against his stake in the fintech fivefold. Plus, US President Donald Trump is presiding over an unlikely clean energy boom.  Mentioned in this podcast: Iran eyes targets in Europe if US escalates war, insiders say Government borrowing costs hit multi-decade highs Revolut to let Nik Storonsky borrow up to $250mn against his stake  Trump’s renewables boom Venomous sea creatures plague Europe’s warming beaches Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Airlines are locked in a “stand-off” over whether to cut ticket prices, and Mark Carney is making a last ditch bid to avert Donald Trump’s latest tariff threat. Plus, the Ebola epidemic in the Democratic Republic of Congo has become the deadliest in the country’s history and Malaysia has been an unassuming AI winner. Mentioned in this podcast: Mark Carney in last-ditch effort to avoid Donald Trump’s latest tariffs Airlines in ‘stand-off’ over price cuts as jet fuel costs ease Ebola outbreak becomes DR Congo’s deadliest Malaysia profits from data centre boom Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Private credit is under strain as troubled loans swell, JPMorgan boss Jamie Dimon warned Britain’s chancellor against higher bank taxes, and the cost of shipping through many global maritime chokepoints are hitting record highs. Plus, the US is sitting on a mountain of debt – can anyone fix it?  Mentioned in this podcast: Private credit under strain as troubled loans swell Jamie Dimon warns UK chancellor against higher bank taxes War and climate change drive surge in cost of shipping through global chokepoints US sells 30-year bonds at highest borrowing costs since 2001 How Ralph Lauren won the workwear wars as America returned to the office The mother of all professional wardrobes  Style war: inside Wall Street’s battle to revive J Crew  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Leading US AI labs are releasing cheaper models to compete with cut-price alternatives from Chinese rivals. Venezuela’s government and opposition unite to demand $4bn in gold reserves back from the Bank of England. A flood of foreign currency bond issuance by Big Tech groups is shaking up the world’s smaller credit markets. Zambia’s President Hakainde Hichilema is running for a second term amid growing discontent that citizens aren’t seeing the results of the country’s economic rebound.  Mentioned in this podcast: OpenAI and Anthropic in price war as Chinese AI rivals gain ground Venezuela and its opposition want gold back from Bank of England Hyperscaler AI borrowing binge shakes up foreign credit markets Zambia’s election becomes battle over copper windfall Want to get in touch? Email us at [email protected] FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4    Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Anthropic investors expect the AI start-up to be the largest ever initial public offering, and US inflation edged lower to 3.4 per cent in July as petrol prices declined. Plus, Iranian businesses are increasingly resorting to “buy now, pay later” schemes as the cost of living spirals out of control. Note: This episode of the FT News Briefing has been updated. A segment was removed. Mentioned in this podcast: Anthropic investors bet on $2tn valuation in record IPO US inflation falls to 3.4% in July Iranians opt to ‘buy now, pay later’ as cost of living spirals Want to get in touch? Email us at [email protected] FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4    Note: The FT does not use generative AI to voice its podcasts. The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukraine has halted drone strikes on oil tankers using a critical Black Sea port after a request by the US, suspected Chinese hackers hit Taiwan with an autonomous AI cyber attack, and the head of the Boston Federal Reserve thinks policymakers may be forced to raise rates in September. Plus, measures of volatility in stocks and currencies have tumbled this summer despite the geopolitical uncertainty.  Mentioned in this podcast: JD Vance asked Ukraine to halt strikes on tankers using Russian port China-linked hackers hit Taiwan in unprecedented ‘autonomous’ AI cyber attack Americans are struggling to make ‘ends meet’, top Fed official says Volatility tumbles as markets shrug off Middle East risks Credit: White House Want to get in touch? Email us at [email protected] FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4    Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street giants are partnering with Nvidia on a $500bn AI financing deal, the mega-merger between AstraZeneca and Bristol Myers Squibb has been put on ice, and queues at some EU airports have doubled because of border checks. Plus, the FT’s Malaika Kanaaneh Tapper explains why Morocco’s economy isn’t helping its young workers.  Mentioned in this podcast: Wall Street giants partner with Nvidia on $500bn AI financing deal How AstraZeneca’s pursuit of US rival Bristol Myers unravelled EU airport queues double due to border checks  Hotel prices in Europe surge ahead of historic eclipse Spain’s migrant amnesty a ‘very bad idea’, says Swedish PM Morocco’s two-speed economy leaves young workers behind Want to get in touch? Email us at [email protected] FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4    Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China is bypassing shipping chokepoints with an “Ice Silk Road” route through the Arctic, dozens of people have been killed in election clashes in Pakistan-administered Kashmir, and Germany’s economy minister warned that growing support for a far-right political party could deter foreign investors. Plus, we take a look at the bank behind China’s AI listings bonanza, and how the UAE has won over Washington. Mentioned in this podcast: China bypasses shipping chokepoints with ‘Ice Silk Road’ through Arctic Deadly protests in Kashmir test Pakistan’s military rulers German economy minister warns AfD’s rise could deter investors The bank behind China’s AI listings bonanza How the UAE won over Washington FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Weakened refining capacity in Russia and the Gulf is a boon to US refiners. Plus, the Trump administration’s decision to revoke legal protections for migrants could hurt the US economy, and Google is shifting control of its AI effort from London back to Silicon Valley. Mentioned in this podcast: Refining crunch keeps fuel prices high as crude retreats Google shifts AI power back to Brin as DeepMind’s Hassabis steps aside ‘People are going to kill me’: Haitians fear deportation as US revokes protected status Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran said it reached an agreement with Oman on a route through the Strait of Hormuz, US Democrats hope to win control of Congress in the midterm elections and scammers are taking advantage of the disruption caused by the EU’s new crypto rules. Plus, the FT’s Joe Daniels explains how Ukrainian drone technology is helping cartels and guerillas in Colombia. Mentioned in this podcast: Iran says it has reached agreement with Oman on Strait of Hormuz shipping route Progressive Democrat wins in Michigan in rebuke to party establishment US midterm elections 2026: The FT’s guide Scammers pose as watchdogs to prey on EU crypto rule changes Colombian narcos’ quest for Ukrainian drone expertise Google DeepMind CEO Demis Hassabis steps down in shake-up of AI lab Credit: CNN Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SpaceX surpassed analysts’ expectations in its debut earnings report, China is hunting for hundreds of billions of dollars in unpaid taxes and power cuts in Tunisia have provoked protests against President Kais Saied. Plus, the rise in US diesel prices is the latest blow to inflation-weary Americans ahead of November’s midterm elections. Mentioned in this podcast: SpaceX posts 92% rise in revenue in debut earnings report China launches global tax hunt going back decades Tunisia power cuts provoke protests against president US diesel prices overtake Biden-era average in blow to Trump Credit: Reuters Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Novo Nordisk’s CEO checks in on his first year at the helm, and Russia is quietly assembling a "shadow fleet" of ships to circumvent EU sanctions. Plus, we take a deep dive into a historic joint intervention in Japan’s currency. Mentioned in this podcast: ‘Arrogance kills’: Novo chief injects risk-taking into Ozempic-maker AstraZeneca investors raise concerns over mega-merger talks Russia expands shadow LNG fleet ahead of EU ban Team America: Yen police Japan vows further yen intervention with US if needed Listen to Unhedged on Apple Podcasts, Pocket Casts or Spotify. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Special thanks to Nisha Patel. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK drugmaker AstraZeneca is in talks to combine with US rival Bristol Myers Squibb, and European governments will hold an online meeting to discuss Spain’s migrant crisis. Plus, wildfires and heatwaves in Europe have already cost more than €3bn this year.  Mentioned in this podcast: AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up EU ministers to discuss Spain’s migrant crisis after Sánchez hits out over criticism Europe’s fire costs mount to beyond €3bn, FT analysis shows Hungary braced for power cuts amid extreme drought Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon reported accelerated cloud growth in the quarter to the end of June, and JPMorgan has walked into another football firestorm as it works on a plan with Fifa. Plus, Citadel bought Situational Awareness equity holdings after the hedge fund suffered steep AI losses, and DR Congo’s cobalt boom carries an unwanted cargo: uranium.  Mentioned in this podcast: Amazon shares surge higher after cloud business grows 37% How JPMorgan walked into another football firestorm European nations to boycott World Cup in protest at Fifa’s plans Citadel buys Situational Awareness equity holdings after steep AI losses DR Congo’s cobalt boom carries an unwanted cargo: uranium Save 10% on tickets with the code FTPodcast. Visit ft.com/festival to find out more. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta and Microsoft reported quarterly earnings as investors raised concerns about AI spending, and the US Federal Reserve held interest rates steady. The Bank of Japan is also expected to leave rates unchanged at its meeting on Friday, and UK oil and gas companies are looking away from the North Sea in favour of foreign investment opportunities. Mentioned in this podcast: Microsoft’s cloud business boosts sales as AI investment climbs to $41bn Meta shares drop on falling profits and weak sales forecast US central bank holds rates steady even as Iran war threatens fresh jolt of inflation UK North Sea oil companies look overseas for growth Investors warn Bank of Japan faces test to inflation-fighting credibility Listen to Unhedged on Apple Podcasts, Pocket Casts or Spotify. Credit: Federal Reserve Save 10% on tickets with the code FTPodcast. Visit ft.com/festival to find out more. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukraine is shifting its long-range drone campaign to focus on critical Russian infrastructure, and Big Tech companies are facing an AI dilemma as they report quarterly earnings. Plus, Google DeepMind is leaving behind its Nobel-winning AlphaFold project for new ventures, and PwC published “thought leadership” reports containing AI-generated hallucinations. Mentioned in this podcast: Ukraine adapts strikes on Russian energy industry to hit critical components Chip stocks tumble as AI sell-off deepens Google DeepMind dismantles Nobel-winning AlphaFold team in strategy shift PwC published ‘thought leadership’ reports marred by AI hallucinations  Listen to Unhedged on Apple Podcasts, Pocket Casts or Spotify. Save 10% on tickets to the FT Weekend Festival with the code FTPodcast. Visit ft.com/festival to find out more. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A crucial gauge of risk in holding the debt of companies at the centre of the AI boom has hit a record high, private capital group Ares Management has held talks to acquire Leonard Green & Partners, and French company TotalEnergies will be able to continue selling gas from its flagship Siberian project to Asia. Plus, institutional investors are snapping up bundles of UK homes at large discounts and sales at LVMH’s key fashion and handbags division returned to growth for the first time in two years. Mentioned in this podcast: Big Tech credit risks hit record highs as AI spending soars Ares Management has held talks to buy Leonard Green Partners Investors snap up bundles of UK properties as housebuilders offer discounts TotalEnergies benefits from EU sanctions reprieve on Russian gas Dior rebound helps LVMH’s fashion business return to growth Save 10% on tickets with the code FTPodcast. Visit ft.com/festival to find out more. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors raised their bets the Federal Reserve will raise rates on Wednesday after this month’s jump in oil prices. And, firefighting efforts were boosted in France and Spain as “violent” wildfires raged. Plus, developing nations make plans for the next energy shock, and US artificial intelligence companies spend record amounts on lobbying.  Mentioned in this podcast: Investors crank up bets on Federal Reserve rate rise after oil surge ‘Violent’ wildfires rage close to French and Spanish cities India and South Africa lead push to amass emergency fuel stockpiles AI companies spend record sums on Washington lobbying The new premium product: books written by people FT Weekend Festival ft.com/festival  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US unveiled new tariffs to replace old ones, oil’s jump above $100 deepened a global bond sell-off, and thousands of supporters of the youth-led “Cockroach” movement in India continued protesting over problems in the education system. Plus, the European Central Bank held interest rates, but other central banks may not follow suit.  Mentioned in this podcast: US hits 60 countries with new duties as Donald Trump rebuilds tariff wall Oil hits $100 for first time since May while US stocks slide  Oil price surge drives global bond sell-off India’s Gen Z takes on Modi Indian police battle ‘Cockroach’ protesters with batons and tear gas European Central Bank holds interest rates at 2.25% after debating rise Credits: ANI / Reuters Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla reported its first cash burn in more than two years in the second quarter, and US oil refineries are running at full tilt as wars in the Middle East and Ukraine choke global supplies of fuels such as diesel. Plus, the UK consumer price index dropped in June, and Deutsche Bank’s headquarters was raided for the third time this year.   Mentioned in this podcast: Tesla profits plunge as discounts on EV models weigh on results   US oil refineries run at breakneck speeds as wars choke fuel supplies Trump threatens to destroy Iranian bridges and power plants UK inflation falls more than expected to 2.6% in June Deutsche Bank headquarters raided for third time this year Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ukraine has a new commander-in-chief after days of protests, and FT calculations show the US has collected more than $13bn in revenues from Venezuelan oil sales this year, but it's unclear what has happened to the money, and US President Donald Trump may unleash fresh tariffs on dozens of countries as soon as this week. Plus, Samsung is in talks to invest in French AI start-up Mistral, and investors are worried about betting big on Japanese bonds. Mentioned in this podcast: Zelenskyy replaces top Ukraine general in biggest military shake-up since 2024  The US has collected about $13bn of Venezuela’s oil money. Where is it? Donald Trump prepares fresh tariff barrage with 10% levies set to expire Samsung in talks to invest in Mistral at €20bn valuation Investors fear Japanese bond bets risk becoming new ‘widow-maker trade’ Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US has said it will hit Canada with tariffs of 50 per cent on a wide range of goods, Chinese regulators are considering tightening export controls on AI and semiconductor technologies, and UK Prime Minister Andy Burnham picked John Healey as Britain’s new chancellor. Plus, a US federal judge paused Paramount’s $110bn acquisition of Warner Bros Discovery and the London Stock Exchange will launch round-the-clock trading next year. Mentioned in this podcast: US to hit Canada with 50% tariffs on wide range of goods China weighs tighter export controls on AI models and chips Burnham stuns Labour MPs by choosing Healey as new chancellor US judge pauses Paramount’s $110bn Warner Bros acquisition London Stock Exchange to launch round-the-clock trading next year Credit: Reuters  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Andy Burnham enters No 10 today as prime minister, the US continued trading fire with Iran over the weekend, and Morgan Stanley has become Wall Street's top bank for AI debt deals. Plus, Germany’s chancellor Friedrich Merz is pitching his country to investors as “Europe’s bedrock of stability”.  Mentioned in this podcast: Andy Burnham urged to use flexibility in fiscal rules to boost investment US strikes Iran after American troops killed in Jordan Merz pitches Germany as ‘Europe’s bedrock of stability’ to investors Morgan Stanley becomes Wall Street’s top bank for AI debt deals Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US celebrated its 250th anniversary this month during a very politically divided era. The FT’s Sonja Hutson went to a block party on Bethlehem, Pennsylvania’s main street to ask locals what they think it means to be an American in 2026. Do they feel like the country shares a national identity?    Listen to all episodes of The Bethlehem Project here.  The Bethlehem Project is hosted and produced by Sonja Hutson and edited by Marc Filippino. This episode was mixed by Breen Turner. Our executive producer is Topher Forhecz. The FT’s global head of audio is Flo Phillips. Special thanks to Pierre Nicholson.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix’s shares fell more than 8 per cent on Thursday despite as-expected earnings after the streaming giant forecast its worst revenue growth in three years, and incoming UK prime minister Andy Burnham is leaving phone calls from the country’s business community unanswered. Plus, teams from western Europe keep winning the World Cup, and that’s because they’ve invested heavily in the sport from the ground up.  Mentioned in this podcast: Netflix shares slide on disappointing growth forecasts Business worries about how to reach Andy Burnham Investors say BoE should slow or stop long-dated bond sales World Cup shows US is ‘golden market’ for football, says Major League Soccer boss How western Europe became a formidable football factory World Cup Fever: A Soccer Journey in Nine Tournaments Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Energy companies going public are raising money at their fastest pace this century and China’s growth rate is at its lowest in decades, according to the country’s latest GDP numbers. Plus, oil traders are worried that crude supplies are running low, and the US state department is struggling under President Donald Trump, with one-fifth of the diplomatic corps gone and few ambassador posts filled. Mentioned in this podcast: Energy IPOs surge as investors hunt for ways to play AI boom China’s economy grows at one of lowest rates in decades Oil traders warn market is close to running on empty as Hormuz shuts again RIP the US state department Credit: C-SPAN  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

British teenagers face a midnight curfew on social media platforms, US inflation dipped in June and Wall Street’s top banks brought in $19.3bn in revenue from equities trading. Plus European regulators are considering loosening bank regulations.  Mentioned in this podcast: UK teenagers face midnight curfew on using social media platforms Kevin Warsh vows Federal Reserve will be ‘resolute’ in inflation fight US inflation fell more than expected to 3.5% in June as petrol prices tumbled Wall Street banks smash records on stock trading boom Brussels to propose easing banks’ capital requirements Credit: US House Committee on Financial Services Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The United Arab Emirates is trying to build a port that will bypass the Strait of Hormuz, and American small-cap companies are soaring after years of underperformance. Plus, the FT’s Michael Pooler explains how Brazil’s instant payment system ended up at the centre of a new US tariff threat. Mentioned in this podcast: US to resume Strait of Hormuz blockade and charge fees on ships, Trump says Dubai plans new port to bypass Strait of Hormuz Brazil rallies to defend much-loved payment system from Donald Trump’s attack US small caps soar as investors look beyond big tech Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Wall Street banks are set to report their biggest haul from investment banking fees in four and a half years, while Citigroup boss Jane Fraser has ruthlessly rebuilt the bank to get it back to its pre-financial crisis glory. The US launched another round of strikes against Iran, and trustees at the World Economic Forum are clashing over leadership reforms. Mentioned in this podcast: Wall Street feasts on fees from SpaceX IPO and mega-mergers Jane Fraser’s ruthless remake of Citigroup Iran bets Trump will blink first US and Iran exchange fresh strikes in battle over Strait of Hormuz World Economic Forum trustees clash over leadership reforms Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing Rewiring Sport from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed. For decades, sportspeople have been getting fitter, faster and reaching ever-higher levels of performance. But as the margin between winning and losing shrinks, athletes are turning to technology to make the difference. In this new season of Tech Tonic, Josh Noble explores how advanced ‘supershoes’ are helping to break marathon records, how young players are using AI to catch the eye of recruiters in the ultra-competitive world of American football, and how UFC is finding new ways to keep fighters healthier for longer. This season of Tech Tonic is hosted by Josh Noble and produced by Josh Gabert-Doyon. The senior producer is Edwin Lane and the executive producer is Topher Forhecz. Sound design by Breen Turner and Sam Giovinco. Original music by Metaphor Music. The FT’s head of audio is Flo Phillips.  Clips: BBC, British Pathé, MMA World, Fight Network, @SportsRecruits Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI and Google are selling their advanced AI models to Chinese tech giants blacklisted by the Pentagon, and South Korea's SK Hynix is listing in the US on Friday in what could be the biggest share sale in America by a foreign company. Plus, the World Cup has led to match-ups with a lot of history: former colonised nations versus their colonisers.  Mentioned in this podcast: OpenAI and Google sell AI models to blacklisted China groups SK Hynix’s jumbo share sale a sign of overheated times France’s diverse football factory and the struggle for national unity Listen to episodes of Tech Tonic on Apple Podcasts, Pocket Casts or Spotify. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US struck Iran for the second night in a row, and the IMF warned that renewed conflict in the Middle East would drive up global inflation. Plus, US oil producers and refiners are set to post record profits from the Iran war.  Mentioned in this podcast: Nato summit live news: Trump says ceasefire with Iran is over IMF warns inflation threat looms large over global economy US oil on collision course with Trump over Iran windfalls Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music 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 Donald Trump threatened to remove all American troops from Europe and is reviving his calls to take over Greenland, French far-right leader Marine Le Pen said she will run for president, and Reform UK leader Nigel Farage resigned as an MP to force a by-election in which he’ll stand again. Plus, Meta is testing “super sensing” AI glasses that can record everything that you see and hear. Mentioned in this podcast: Trump threatens to remove all US troops from Europe Marine Le Pen speaks after court ruling  Nigel Farage quits as MP to force Clacton by-election Meta tests ‘super sensing’ AI glasses that can record every moment  Listen to Political Fix on Apple Podcasts, Pocket Casts or Spotify. CREDIT: BBC  Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Greek shipping companies have made at least $3.8bn transporting Russian oil over the past three years, Turkey wants its booming defence sector to arm Europe, and large institutional investors are committing billions of dollars to private credit funds. Plus, the Big 4 consulting firms are struggling with their credibility in Australia after a series of scandals. Mentioned in this podcast: Greek shipping companies made almost $4bn shipping Russian oil in past three years Erdoğan rival shuttled between trials as Nato meets in Turkey Turkey’s defence industry is booming. Europe is in its sights Big investors commit billions to private credit despite turmoil ‘The brakes failed and they’ve crashed the car’: how the Big Four’s wheels fell off Down Under Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The tech industry is having a renaissance in London. It's home to the main foreign outposts for giants such as Google and Meta, as well as their well-funded AI challengers including OpenAI and Anthropic. But all those companies are American. Now there's a push to launch a homegrown competitor so the UK can have more sovereignty over its tech. Mentioned in this podcast: How the DeepMind mafia brought the AI boom to London Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US economy fell short of Wall Street expectations by adding only 57,000 jobs in June, South Koreans are pouring AI stock windfalls into an overheated property market and investors in Blue Owl Capital tried to pull $4.7bn from the firm’s private credit funds in the second quarter. Plus, the FT’s sports editor Josh Noble and Berlin correspondent Laura Pitel explain how Germany’s shock exit from the World Cup pairs with wider discontent over the country’s economic woes. Mentioned in this podcast: US economy undershoots forecasts with 57,000 jobs added in June South Koreans pour AI stock windfalls into overheated property market Blue Owl hit by $4.7bn of redemption requests as investor exodus persists Germany’s shock World Cup exit sparks reckoning Friedrich Merz unveils €10bn tax cuts to revive German growth Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  CREDIT: FOX Sports, FOX One The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI has discussed giving a 5 per cent stake to the US government, UBS will start trialling everyday banking services for its American employees within months, and dealmaking hit record levels in the first half of the year. Plus, many Russians are angry that the Ukraine war is now playing out on their territory. Mentioned in this podcast: OpenAI proposes handing Trump administration 5% stake UBS to trial US banking services in push for wealthy American clients Mega takeovers drive record $2.8tn in dealmaking Putin admits Ukrainian drones are causing ‘problems’ Putin ties himself to ruling party as war fatigue bites Listen to the Rachman Review on Apple Podcasts, Pocket Casts or Spotify. Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nato secretary-general Mark Rutte told the FT that Europe’s rearmament drive was sustaining 195,000 US defence jobs through $300bn in arms orders, and Bending Spoons’ initial public offering will test how a page out of the private equity playbooks works in public markets. Plus, KNDS is having a hard time getting investors to back its IPO, and the FT’s Anantha Lakshmi explains why Indonesians are growing impatient with President Prabowo Subianto.  Mentioned in this podcast: Europe’s rearmament drive is sustaining 195,000 US defence jobs, Nato chief says Bending Spoons tries out an odd kind of financial magic trick Indonesians sour on Prabowo Subianto as currency weakens KNDS struggles to convince investors to back IPO at €12bn-plus valuation Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court blocked President Donald Trump from firing Federal Reserve governor Lisa Cook, and investors are pivoting from the Magnificent Seven Big Tech stocks. Plus, foreign investors are worried the Japanese government is in danger of backsliding on corporate reforms. Mentioned in this podcast: US Supreme Court blocks Donald Trump from sacking Fed governor Lisa Cook Magnificent Seven stocks shed $2.7tn in Wall Street tech rotation Foreign investors fear Japan is backsliding on reform Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The AI boom is fuelling a record surge in dealmaking in the US power and utility industry, and UK prime minister-in-waiting Andy Burnham will on Monday pledge to deliver “good growth in every postcode” of the UK. Plus, the US-Mexico-Canada trade agreement expires on Wednesday.  Mentioned in this podcast: AI fuels record $200bn M&A boom in US power sector Andy Burnham sets out ‘10-year mission’ to raise living standards Donald Trump suggests he may not renew trade deal with Mexico and Canada Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  Take the survey here: https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bethlehem Steel was the lifeblood of Pennsylvanian town's economy, and a major contributor to American manufacturing during the 20th century. But when the local plant closed in the 1990s and the company went bankrupt in the early 2000s, Bethlehem’s economy didn’t crater. It pivoted to other industries such as transportation and healthcare.  Host Sonja Hutson takes us through the rise and fall of Bethlehem Steel and introduces us to steelworker-turned-nurse, Bill Leiner. He’s a living example of how an economy can adapt and rebuild after a major disruption.  Listen to all episodes of The Bethlehem Project here.  The Bethlehem Project is hosted and produced by Sonja Hutson and edited by Marc Filippino. This episode was mixed by Breen Turner. Our executive producer is Topher Forhecz. The FT’s global head of audio is Flo Phillips. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The race to succeed JPMorgan Chase chief executive Jamie Dimon just got tighter, and the investment chief at insurance group Allianz is warning that the SpaceX bond sale signals markets are in ‘bubble territory’. Plus, the US Supreme Court shielded German pharmaceuticals group Bayer from thousands of lawsuits over its Roundup weedkiller. Mentioned in this podcast: Jamie Dimon promotes two potential successors at JPMorgan SpaceX bond sale signals markets are in ‘bubble territory’, warns Allianz CIO Bayer wins crucial US Supreme Court ruling over Roundup weedkiller Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  Take our survey: https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude, and concern is brewing over KNDS’s upcoming initial public offering after Germany scraps warship plans. Plus, Meta is turning to AI content moderators, and the FT’s John Plender breaks down Donald Trump’s contributions to the US national debt.  Mentioned in this podcast: Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude Meta races to replace human moderation with AI Berlin warship U-turn hits defence sector as KNDS heads to market Trump’s empire of debt Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  Take our survey: https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Venezuela is set to take on the largest sovereign debt restructuring in history. Plus, chip stocks led a sell-off on Wall Street, and Nvidia’s AI chips have more than doubled in price on China’s black market.  Mentioned in this podcast: Venezuela to reveal $240bn debt pile in world’s largest restructuring US chipmakers lead Wall Street slide on rising rate rise worries Nvidia’s banned AI chips double in price on China’s black market Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Keir Starmer has resigned as British prime minister, private equity executives are borrowing against their future share of profits, and former US Federal Reserve chair Alan Greenspan died at the age of 100. Plus, the FT’s Andean correspondent Joe Daniels traveled to a rural part of Colombia to find out what’s driving the country’s new cocaine boom. Mentioned in this podcast: Political Fix: Exit Starmer, enter Burnham Buyout bosses turn to carried interest loans as payouts stall What lies behind the new boom in Colombian cocaine Alan Greenspan dies aged 100 CREDIT: Keir Starmer YouTube page  Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK Prime Minister Keir Starmer could be on his way out of Westminster, and the US and Iran held high-stakes talks in Switzerland to officially end the war. Venture capital funds are rushing into defense tech startups on the back of the world’s wars, and the FT’s Claire Jones explains why Wall Street sees more volatility ahead from changes to Federal Reserve communications. Mentioned in this podcast: Keir Starmer on brink of quitting as UK prime minister What Andy Burnham’s Westminster past reveals about him US and Iran hold crunch talks in Switzerland Wars trigger $12bn venture capital rush into defence tech Kevin Warsh’s push to axe Fed guidance may lift US borrowing costs, investors warn Take our survey!  Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229. Over 18s only. Find full T&Cs here.   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Labour’s Andy Burnham has won the crucial Makerfield by-election in the UK, a resurgence in the dollar is reversing bets on the currencies of big emerging markets and major commodity producers, insurers are trying to define “war” as a type of risk, and the Bank of England held interest rates at 3.75 per cent yesterday. Plus, the FT’s Saffeya Ahmed explains how this World Cup is a complicated one for Iran’s diaspora as its national team competes on American soil.   Mentioned in this podcast: Makerfield by-election result: Andy Burnham wins crucial poll ‘Hawkish shift’ in US rates upends global currency bets Insurers seek to define ‘war’ as risk rises of global power clashes Bank of England holds interest rates at 3.75% Iranian football team told to return to Mexico after opening World Cup game For Iran’s diaspora, a tough World Cup call: To support the national team or protest – or both? Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music 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 has dropped its bias towards lowering rates in the central bank’s first meeting chaired by Kevin Warsh, President Donald Trump said the US would release frozen Iranian funds, and UK inflation held unexpectedly steady last month. Plus, Chinese tech giant Huawei is making a huge comeback after being written off seven years ago.  Mentioned in this podcast: Federal Reserve drops bias for rate cuts as Kevin Warsh era begins Donald Trump to release Iran’s frozen funds and ease sanctions when ‘they behave’ Huawei’s big comeback tests limits of US chip controls UK inflation unexpectedly holds steady at 2.8% in May Five things to know about the high-stakes Makerfield by-election CREDIT: C-SPAN Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Senator Elizabeth Warren discusses SpaceX’s initial public offering and what she sees as its potential risk to investors. Plus, traders are betting on AI to underpin the strength of the US dollar, and the FT’s Alice Hancock explains why ship traffic in the Strait of Hormuz may take weeks to reach pre-conflict levels. Mentioned in this podcast: SpaceX leapfrogs Amazon to become world’s fifth-most valuable company Shipping groups hit by Middle East conflict-induced fuel shortages Investors pile into bullish dollar bets as ‘US exceptionalism’ trade returns Oil falls on US-Iran deal but Hormuz backlog may last weeks Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In our extended interview, US Senator Elizabeth Warren discusses SpaceX’s initial public offering and what she sees as its potential risk to investors. Mentioned in this podcast: SpaceX leapfrogs Amazon to become world’s fifth-most valuable company https://www.banking.senate.gov/newsroom/minority/warren-calls-on-sec-to-delay-spacex-ipo Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Global equities rallied and oil prices fell after an agreement to reopen the Strait of Hormuz, and hedge funds are betting against the debt and equity of some of Europe’s largest carmakers. Plus, a Russian online sabotage network was behind a series of arson attacks on Sir Keir Starmer’s family home and other targets linked to the UK prime minister. Mentioned in this podcast: Stocks surge as US-Iran deal ignites global rally Hedge funds bet against European carmakers on Chinese competition fears Arson targeting Keir Starmer properties originated in Russia Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The leaders of the US and Iran will sign an agreement on Friday to reopen the Strait of Hormuz, and the annual G7 summit kicks off today. SpaceX’s blockbuster IPO tells us a lot about Wall Street’s appetite for tech listings, and the New York Knicks won the NBA championship for the first time since 1973.  Mentioned in this podcast: Trump says Iran and US agree deal to open Strait of Hormuz and extend ceasefire Emmanuel Macron and Donald Trump test their bruised bromance at G7 summit Wall Street digests record fundraising haul as AI race intensifies SpaceX’s surge on debut makes Elon Musk world’s first trillionaire New York Knicks’ winning streak should rub off on its owner too Register for FT Weekend Festival here Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins and Kelly Garry. Additional help from Peter Barber, Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

With a week to go until Makerfield heads to the polls in what may turn out to be the most consequential by-election in British history, host Lucy Fisher, northern England correspondent Jen Williams and deputy political editor Jim Pickard are on the ground hearing from voters in the seat. Polls and bookmakers confidently predict an Andy Burnham victory but they discuss whether that narrative is too neat and what issues are really shaping voters’ choices. The result could determine not just who represents Makerfield, but also the future of the country if Burnham wins and successfully challenges Sir Keir Starmer for the premiership. Plus, they weigh up the shock resignation of defence secretary John Healey who has blasted Starmer’s government for being “unwilling” to commit sufficient resources to protecting the country. Follow: Lucy @LOS_Fisher or @lucyfisher.ft.com; Jen @JenWilliams_FT or @jenwilliamsft.bskyb.social; Jim on @PickardJE or @pickardje.bskyb.social Want more?   John Healey: the ex-trade unionist who privately battled the Treasury Andy Burnham rules out cash for Waspi women after Labour backlash ‘Pure racism’: East Belfast reels from riots led by masked young men Keir Starmer weakened by John Healey’s scathing resignation   The joke that deepened Keir Starmer and Andy Burnham’s toxic rift Sign up here for Stephen Bush’s morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek views. Get 30 days free. Political Fix was presented by Lucy Fisher and produced by Persis Love and Nisha Patel. Manuela Saragosa is the executive producer. Original music and sound engineering by Breen Turner. The FT’s global head of audio is Flo Phillips. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SpaceX has raised $75bn in a record-breaking initial public offering, and the European Central Bank became the first central bank in the G7 to increase borrowing costs in response to the Middle East energy shock. Plus, the World Cup could have a lot of empty seats.  Mentioned in this podcast: Elon Musk’s SpaceX raises $75bn in world’s biggest IPO ECB raises interest rates for first time since 2023 Fifa faces empty seats as 180,000 World Cup tickets hit resale market Credit: New York City Mayor’s Office, European Central Bank Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

France and Germany are discussing proposals for a radical overhaul of the EU’s 15-year-old diplomatic service, and the most recent US inflation report is putting pressure on President Donald Trump to extend the ceasefire with Iran. Plus, can Australia fix its housing crisis?  Mentioned in this podcast: EU countries weigh ‘tearing apart’ bloc’s diplomatic service US and Iran exchange strikes after downing of American helicopter Donald Trump suggests he may not renew trade deal with Mexico and Canada Australia tries to fix its housing crisis. Will it work? Register for FT Weekend Fest here Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US has launched new strikes on Iran, Ireland’s burning through its corporate tax bonanza, and the European Central Bank is trying to rein in fintech Revolut’s “self-guided missiles” in the region. Plus, the FT’s George Hammond breaks down whether public market investors believe Elon Musk’s SpaceX can reach its ambitious goals ahead of its initial public offering.  Mentioned in this podcast: Ireland told to rein in spending of corporate tax windfall ECB moved to rein in Revolut’s ‘self-guided missiles’ in Europe SpaceX’s $1.78tn IPO asks investors to buy Musk’s moonshots Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI filed to go public, Wall Street stocks rebounded on Monday, and top BP investors and former executives are concerned the UK oil major may lose momentum in its restructuring plan. Plus, Israel’s strikes on Lebanon are putting the US between a rock and a hard place. Mentioned in this podcast: OpenAI files to go public in blockbuster listing Wall Street stocks rebound after AI-led rout BP investors push for clarity over ousting of chair Israel attacks Beirut days after Trump’s showdown with Netanyahu Donald Trump and Benjamin Netanyahu replay 1982 Beirut stand-off Sam Bankman-Fried seeks Trump pardon Unhedged podcast Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran and Israel trade fire testing a two-month ceasefire, and Chinese President Xi Jinping arrives in Pyongyang for his first trip to North Korea in seven years. Plus, software buyout deals have collapsed to the lowest levels since the Covid-19 pandemic, and the head of the OECD has warned governments around the world not to go it alone in taxing large multinationals. Mentioned in this podcast: Israel launches retaliatory air strikes on Iran Trump says Netanyahu will have ‘no choice’ but to accept a deal with Iran Software buyout deals collapse to lowest level since pandemic after AI rout Xi Jinping heads to North Korea for first trip in 7 years OECD chief urges governments not to go it alone on digital taxation Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SpaceX will go public next week with the largest retail allocation ever attempted in a megacap IPO, and India’s viral Cockroach Janta Party is challenging Prime Minister Narendra Modi. Plus, the FT’s Ciara Nugent explains the safety concerns swirling around World Cup host city Guadalajara as the tournament approaches. Mentioned in this podcast: Elon Musk’s SpaceX lines up retail investors for record IPO allocation India’s viral ‘cockroach party’ challenges Narendra Modi India’s ‘cockroach’ party founder plans protests over exam furore The Mexican cartel stronghold preparing to host the World Cup World Cup sparks betting battle between bookmakers and prediction markets Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia’s wealth fund is swapping foreign CEOs for local ones and Reed Hastings officially steps down from the board of Netflix. Plus, FT-Nikkei names Boston as the best US city for foreign investment.  Mentioned in this podcast: ​​Saudi wealth fund replaces foreign CEOs with locals Netflix’s Reed Hastings: an icon of good leadership and bad governance Boston tops FT-Nikkei ranking as global companies seek skilled workers Americans lead AI data centre backlash, global poll finds Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Donald Trump has signed an executive order that creates a “voluntary framework” for the US to gain early access to cutting-edge AI models, and the conviction of short seller Andrew Left may change how investors take positions. Plus, gold has overtaken US Treasuries as the world’s top reserve asset, and we’ll look at how Deutsche Bank moved past its reputation as the sick bank of Europe.  Mentioned in this podcast: Donald Trump signs watered-down AI vetting order after Maga infighting Short seller Andrew Left found guilty of securities fraud Gold replaces US Treasuries as world’s top reserve asset, ECB says How Deutsche Bank learned to stop chasing America Shipping tycoon prefers $200,000 fee to cross Strait of Hormuz to ‘this hassle’ Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. It was edited and hosted by Marc Filippino. Our show is mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US is in talks to expand nuclear weapons deployments in Europe, and Anthropic might make its powerful cyber security tool Mythos available outside the US and the UK. Plus, Iran suspended peace talks with Washington, and the FT’s Oliver Barnes explains the significance of Berkshire Hathaway’s first major acquisition since Warren Buffett’s retirement.  Mentioned in this podcast: US in talks to expand nuclear weapons deployments in Europe Anthropic offers EU access to Mythos EU pushes for ‘tech sovereignty’ to cut reliance on US Iran suspends peace talks and threatens ‘closure’ of Strait of Hormuz Berkshire buys homebuilder Taylor Morrison for $8.5bn in Abel’s first big deal Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was produced by Katya Kumkova and Saffeya Ahmed. It was edited and hosted by Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Intel wants to challenge rivals with a new AI chip, young people are sceptical of artificial intelligence, the inflation shock from the US-Israeli war on Iran is set to fall short of the 2022 price surge, and the EU is worried as China builds an industrial base in Morocco. Plus, Colombians went to the polls yesterday to vote for their next president.  Mentioned in this podcast: Intel targets Nvidia with new AI chip by year end ‘More harmful than helpful’: young people sour on AI Iran war inflation shock set to fall short of 2022 surge EU frets as China builds an industrial base in Morocco Colombia vote to deliver verdict on leftist experiment Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig. It was produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Washington is nearing a deal to extend its ceasefire with Iran by 60 days, and investors are rushing to gain exposure to SpaceX in a “speculative frenzy” ahead of its expected IPO. Plus, Benjamin Netanyahu has directed the Israeli military to take control of at least 70 per cent of Gaza, and Robinhood is launching a feature that will enable clients to use AI chatbots for share trading.  Mentioned in this podcast: Washington nearing deal to extend Iran ceasefire, US officials say Investors race to get exposure to SpaceX ahead of IPO Benjamin Netanyahu orders Israeli forces to take control of 70% of Gaza Robinhood to let investors use AI chatbots for share trading Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oil prices fell sharply after Iranian state television broadcast details of a peace proposal, mass drone production has turned the war effort around for Ukraine, and the European Central Bank warned US President Donald Trump risks triggering a financial crisis. Plus, AI opens the door for smaller, well-funded challengers to take market share from Big Four consultancies.  Mentioned in this podcast: Oil falls as Iranian state television reports details of peace proposal Russian banks to arm themselves against Ukrainian drones Ukraine is turning the tables Trump risks triggering financial crisis with Iran war, warns ECB How AI threatens the giants of consulting Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from David da Silva. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran accused the US of “flagrant” violations of their ceasefire, BP has ousted its chair Albert Manifold following “serious concerns” over his behaviour, and two top European central bankers laid the groundwork for a likely interest rate rise in June. Plus, dealmaking in the mid-cap part of the UK market has sprung to life.  Mentioned in this podcast: Iran accuses US of ‘flagrant’ ceasefire violations as back-channel talks continue BP removes chair Albert Manifold over ‘serious concerns’ about his conduct Top ECB policymakers lay groundwork for June rate rise Merger spirits could lift the UK’s languishing mid-caps Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In more than two-thirds of the world, the average number of children born to each woman has fallen below the “replacement rate”. Employment, home ownership and education are still big factors. But increasingly, so are mobile phones. Mentioned in this podcast: Why birth rates are falling everywhere all at once Credit: The Columbus Dispatch Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT News Briefing presents a special episode from Slate's "What Next" podcast. As wealth disparity continues to grow, politicians in New York and California have suggested raising revenue through taxes aimed at their wealthiest residents. But the proposals have set off an upper-class uproar – and now, it’s a stand-off between the country’s billionaires and its most progressive politicos.  Guest:  Stephanie Ruhle, anchor of MS NOW’s The 11th Hour with Stephanie Ruhle. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. You can listen to past episodes of What Next, or follow Slate on YouTube. Hosted on Acast. See acast.com/privacy for more information.

The blockbuster listings of SpaceX, Anthropic and OpenAI are set to prompt an unprecedented wave of buying and selling, and a court in Ankara has ruled to remove the leadership of Turkey’s biggest opposition party. Plus, we’ll look at why US President Donald Trump is turning up the pressure on Cuba.  Mentioned in this podcast: ‘Fast entry’ SpaceX, OpenAI and Anthropic IPOs to ignite Wall Street trading frenzy Turkey court removes leader of opposition as Erdoğan tightens grip Donald Trump turns up the heat on Cuba US charges Cuba’s former president Raúl Castro with murder Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia will return more than $80bn to shareholders, and Donald Trump attracted ire this week with the creation of a $1.8bn “anti-weaponisation fund”. Plus, OpenAI is getting ready to go public, and Africa’s Ebola outbreak has health officials worried about pandemic preparedness.  Mentioned in this podcast: Nvidia to return more than $80bn to shareholders as it reaps rewards of AI boom China banned Nvidia’s gaming chip during Jensen Huang’s visit How will Trump deploy his $1.8bn ‘anti-weaponisation’ fund’? OpenAI readies IPO filing to list as soon as September DR Congo races to halt spread of Ebola Lethal Ebola virus outbreak triggers urgent international quest for vaccine Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from David da Silva. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU governments are discussing whether former leaders could represent the bloc in potential negotiations with Russia’s Vladimir Putin, and rising fuel prices have triggered deadly protests across Africa. Plus, we look back at US Federal Reserve chair Jay Powell’s legacy as head of the central bank. Mentioned in this podcast: EU mulls Angela Merkel or Mario Draghi as possible Vladimir Putin whisperer Protests spread in Africa as fuel crisis deepens Powell, Trump and the battle for the Federal Reserve Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Correction: This show has been modified from its original version. We said the Trump administration opened a lawsuit against Federal Reserve chair Jay Powell. The administration threatened a lawsuit. Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A California court threw out Elon Musk’s case against Sam Altman and OpenAI, the global bond sell-off rages on, and a $420bn power behemoth was born after NextEra Energy struck a deal with its rival Dominion Energy. Plus, the FT’s Raya Jalabi travels to Christian villages in southern Lebanon where residents fear they’re under an indefinite occupation by Israeli forces.  Mentioned in this podcast: Elon Musk’s case against OpenAI dismissed after just two hours of jury deliberations Global bonds tumble on fears of inflation shock from Iran war Bonds extend sell-off on inflation fears NextEra strikes megadeal with Dominion to create $420bn US utility Israel seizes 1,000 sq km under Benjamin Netanyahu’s war strategy The Christian villages under Israeli occupation in Lebanon Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The cost for companies to circumvent shipping through the Strait of Hormuz is reaching record levels, and the world is bracing for an energy cliff edge this summer as the US-Iran war continues. But the war hasn’t deterred investment firms from betting on the Middle East, and we have an update on the UK’s political turmoil. Mentioned in this podcast: Sweeping the strait: the companies gearing up to clear the Gulf of mines Gulf freight rates jump as shipping companies turn to trucks to move cargo What life is like on the stranded ships of the Gulf Iran energy crisis enters new phase as peak summer season looms Investment firms look beyond Iran war to expand in Middle East Labour reopens Brexit debate Is being prime minister now an impossible job? Political Fix podcast Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats are looking for a bit of a rebrand after losing the White House and both houses of Congress in 2024. They have an opportunity this November to test out some new types of candidates. In a critical swing district in Pennsylvania, the party establishment has coalesced around a progressive, blue-collar candidate named Bob Brooks. The other frontrunner in the race, Ryan Crosswell, represents a very different vision for winning over swing voters. He’s a former Republican and former federal prosecutor who’s more centrist.  Host Sonja Hutson travels to Bethlehem, Pennsylvania, to interview the candidates and ask party activists where they fall in the electability debate.  Listen to all episodes of The Bethlehem Project here.  Mentioned in this podcast: Dousing the DC ‘dumpster fire’: Democrats battle over party’s future The Bethlehem Project is hosted and produced by Sonja Hutson and edited by Marc Filippino. The show was mixed by Sam Giovinco. Lauren Fedor contributed reporting. Our executive producer is Topher Forhecz. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Opponents are lining up to potentially challenge UK Prime Minister Keir Starmer, Chinese President Xi Jinping says his country will ‘open wider’ for American tech, and Saudi Arabia is considering a Middle Eastern non-aggression pact with Iran. Plus, what does one city in Pennsylvania tell us about the intersection of US politics and the economy?  Mentioned in this podcast: Starmer braces for leadership challenge by Burnham Xi Jinping tells Nvidia, Tesla and Apple CEOs that China will ‘open wider’ Saudi Arabia floats Middle Eastern non-aggression pact with Iran AI chipmaker Cerebras surges more than 100% in Wall Street debut The Bethlehem Project: US politics and economics through the lens of one city Want to get in touch? Email us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve yesterday, and the Bank of England is set to water down its rules on stablecoins. Plus, the popularity of Germany’s AfD party is growing after its criticism of the Iran war. Mentioned in this podcast: Senate confirms Kevin Warsh to succeed Jay Powell as Fed chair Bank of England set to water down stablecoin rules after industry pressure Germany’s far-right AfD sees surge in support after it criticises Donald Trump’s Iran war How could a Starmer leadership challenge play out? Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Katya Kumkova, Saffeya Ahmed, and Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK gilt investors are weighing in on who they would like to see replace Prime Minister Sir Keir Starmer, and the fund raising for Blue Owl is running dry. Plus, the US economy is hurting due to high inflation and eBay says no thanks to GameStop’s takeover bid.  Mentioned in this podcast: Who do gilt investors want to lead Britain?  UK borrowing costs surge as Starmer leadership crisis rattles bond  Fuel, munitions and food: Trump’s Iran war rips across US economy US inflation jumps to 3.8% as Trump’s Iran war sends petrol prices soaring Blue Owl retail fundraising evaporates amid private credit concerns Ebay rejects $56bn GameStop bid as ‘neither credible nor attractive’ Get in touch with us at [email protected]  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump says the Iran ceasefire is on “life support”, and UK Prime Minister Keir Starmer is fighting to save his premiership after the Labour party's disastrous showing in last week's UK local elections. Plus, we preview this week’s summit between Trump and China’s President Xi Jinping, and examine how business in the Gulf is holding up through the Iran war.  Mentioned in this podcast: Donald Trump says Iran ceasefire is on ‘life support’ Starmer battles to stay in Number 10 as scores of Labour MPs urge him to quit How the war hit the Gulf dealmaking machine  A weakened Trump arrives in Xi’s court  The Rachman Review podcast Credit: Associated Press  We want to hear from you! What do you like about FTNB? What would you like to hear more of? Reach out to us at [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A gas shipment made it through the Strait of Hormuz as European oil majors cash in billions from the US-Israeli war on Iran, airlines across Europe are cutting prices for summer flights despite a potential jet fuel shortage, and bond giant Pimco says the war could prompt the Federal Reserve to raise rates. Plus, the FT’s Lucy Fisher explains what to expect from a make-or-break speech by UK prime minister Keir Starmer today.  Mentioned in this podcast: Qatari gas shipment clears Strait of Hormuz after Pakistan-Iran talks Euro oil majors make billions off war   Coal shipments jump as countries seek alternatives to disrupted gas supplies Airlines cut prices to entice holiday bookers worried about jet fuel Iran war could prompt Federal Reserve to raise rates, Pimco says Starmer faces fight for survival as calls to resign escalate Britain’s elections in maps and charts Political Fix podcast Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Katya Kumkova, Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It’s been a dreadful night for Labour as council seats across the country have turned from red to turquoise. The Conservatives have not fared much better with Reform UK the big winner so far. With results still coming in, host Lucy Fisher discusses the fracturing of the vote and the future for beleaguered Prime Minister Sir Keir Starmer with the FT’s deputy political editor Jim Pickard, Northern England correspondent Jen Williams and political columnist Stephen Bush. Have a question for the panel? We’re planning a question and answer episode on Monday May 11. Email your questions to [email protected] Follow Lucy on X: @LOS_Fisher, and Bluesky: @lucyfisher.ft.com; Jim @PickardJE; Stephen @stephenkb & @stephenkb.bsky.social and Jen @JenWilliamsMEN and @jenwilliamsft.bsky.social Want more?  UK elections: Labour suffers heavy losses as Reform surges Four things we learnt in the UK elections Scale of defeat should shake ‘big two’ parties into serious action Keir Starmer defies calls to quit after heavy Labour council losses UK local and devolved elections: Hour-by-hour guide to key results In Labour’s bleak moment, Andy Burnham relishes his own Sign up here for Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek. Get 30 days free. Presented by Lucy Fisher. Produced by Clare Williamson. Manuela Saragosa is the executive producer. Original music and mix by Breen Turner. The broadcast engineers were Andrew Giorgiades and Petros Gioumpasis. Cheryl Brumley is the FT’s global head of Audio. Hosted on Acast. See acast.com/privacy for more information.

Big Tech groups are expected to generate the smallest amount of cash in more than a decade this year, and investors are dumping Indian assets. Plus, GameStop CEO Ryan Cohen, has set his sights on his next project: a huge leveraged buyout of eBay. Mentioned in this podcast: Big Tech’s $725bn AI spending spree sends cash flows to decade low Investors dump Indian assets as energy shock sends rupee sliding Can the meme stock king pull off audacious eBay swoop? Political Fix podcast Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Credit: CNBC Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US fuel exports have surged to a record level, and hedge funds had their best month since 2020. Plus, Samsung Electronics is locked in a feud with its workers over how to share the spoils of the AI-driven semiconductor boom, and LVMH is considering selling some of its iconic brands.  Mentioned in this podcast: US fuel exports hit record in boon for oil companies and threat to Trump LVMH goes from buyer to seller as luxury’s winter drags on Tech rally hands hedge funds biggest gains since 2020 Samsung workers demand bigger slice of surging AI profits Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Global oil reserves plunged at a record pace in April and the SEC said it was proposing to allow public companies to file earnings reports every six months. Plus, the US will start reviewing some AI models over national security concerns and HSBC’s profits took a major hit from “fraud-related” exposure.  Mentioned in this podcast: SEC moves to scrap quarterly reporting requirement Global oil reserves plunge at record pace as Middle East war strains supplies HSBC profits hit by $400mn ‘fraud-related’ exposure Google, xAI and Microsoft agree to US national security reviews of new AI models Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US and Iran traded fire in the Strait of Hormuz, and Anthropic formed a more than $1.5bn joint venture with Wall Street groups including Blackstone, Hellman & Friedman and Goldman Sachs. Plus, the FT’s Anna Nicolaou explains whether Disney’s chief executive can handle the latest challenge thrown by the Trump administration. Mentioned in this podcast: US to ‘guide’ stranded ships out of Strait of Hormuz, says Trump Blackstone and Goldman among backers for $1.5bn JV with Anthropic Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire ‘Plastic shock’ hits Asia as Iran oil crisis strangles supplies Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

We tally the impact of war on industries around the globe as the conflict in Iran stretches into its third month. Plus, Britain braces for voters to deliver a potentially seismic change to the political system. And, though many industries are preparing to deal with shortages caused by the Strait of Hormuz closure, the US and Europe have a glut of milk. Mentioned in this podcast: Airlines slash flights as fuel shortage fears mount UAE fertiliser giant resorts to trucks to shift product out of Gulf Detroit carmakers warn of $5bn commodities shock due to Iran war Exxon and Chevron defy Trump pressure to boost oil production Oil market one month from crunch point as global stockpiles dwindle Trump’s war in Iran leaves US with sharpest fuel shock in G7 Political Fix: Labour braces for ballot box bloodbath The land of milk and no money: UK farmers are in a fix Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig and produced by Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing a new video podcast from the FT: Does scientific, artistic or political brilliance translate into investing success? It’s a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT’s Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he’s unearthed. To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here. Learn more at ft.com/tsom  Want more? Read Toby’s full FT article here. Toby’s sources: On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817  On J.M.W. Turner: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586  On John Maynard Keynes: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011  https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262  On Einstein: https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D  On Jane Austen: https://jasna.org/publications-2/persuasions-online/vol36no1/toran/  Hosts: Gillian Tett and Robin Wigglesworth Guest: Toby Nangle Producer: Lulu Smyth Senior Producers: Michela Tindera and Laurence Knight Executive Producers: Flo Phillips and Manuela Saragosa Original music: Breen Turner Broadcast engineers: Bianca Wakeman and Petros Giuompasis Podcast Development: Laura Clarke FT Global Head of Audio: Cheryl Brumley Video editor: Josh Divney at Podcast Discovery Hosted on Acast. See acast.com/privacy for more information.

Apple delivered another quarter of strong sales growth driven by what the tech giant called its “most popular” iPhone model ever, and we explore how some of the world’s biggest central banks are dealing with the energy shock from the Iran war. Plus, can Tinder win women back to its platform, and why the UK’s local elections next week will be a big test for the Labour government.  Mentioned in this podcast: Apple credits ‘most popular’ ever iPhone for booming sales ​​ECB and BoE warn of rate rises as they grapple with Middle East shock Can Tinder win back women? What Labour’s likely meltdown means for the UK Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta said it would boost its spending on AI this year, and Jay Powell says he will stay on as a Federal Reserve governor once his term as chair ends. Plus, the special relationship between the UK and US held up under intense pressure, and defence stocks are struggling despite the US and Israel's war in Iran.  Oil jumps to almost $120 as Trump signals extended Hormuz stand-off Fed chair nominee Kevin Warsh secures Senate committee approval Oil surge divides US central bank as Jay Powell’s term at helm draws to a close America’s special relationship is ‘probably Israel’, says UK ambassador to US King Charles defends transatlantic relationship in speech to Congress Defence stocks give back gains as investors buy rumour but sell war Political Fix podcast Credit: C-SPAN, Federal Reserve Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Federal regulators launched a probe into all Disney-owned TV stations after a late-night comedian made a joke about First Lady Melania Trump, and emerging market stocks have recovered all of their losses from the early stages of the Iran war to hit an all-time high, and the United Arab Emirates is leaving Opec after 60 years. Plus, the FT’s Bita Ghaffari in Tehran details life inside Iran’s blackout that’s been in place since the US and Israel attacked at the end of February.  Mentioned in this podcast: Trump administration launches Disney probe after Jimmy Kimmel’s Melania joke Emerging market stocks hit record high as Asian chipmakers surge UAE to leave Opec in blow to oil cartel Life inside Iran’s internet blackout Credit: Jimmy Kimmel Live! Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Saffeya Ahmed, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The number of countries cutting energy taxes in response to the Iran war has doubled over the past month, and China blocked Meta’s $2bn purchase of the AI group Manus. Plus, big private equity backers have raised concerns that some firms may be waving through controversial deals.  Mentioned in this podcast: Energy tax cuts spread across 39 economies as prices jump China blocks Meta’s $2bn purchase of AI group Manus Private equity backers raise new conflict concerns over sweetheart deals Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Alleged Trump shooter is set to be charged in federal court Monday, Republican Senator Thom Tillis said he will allow confirmation of Fed nominee Kevin Warsh to proceed, and the world’s leading central banks are widely expected to hold off on inflation-fighting interest rate rises this week. Plus, Anthropic’s cybersecurity AI model could be so effective it actually backfires.  Mentioned in this podcast: Alleged Trump shooter was targeting US officials, authorities say US prosecutors drop criminal probe into Federal Reserve chair Jay Powell Leading central banks play for time on interest rate rises Anthropic investigating unauthorised access of powerful Mythos AI model Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson and produced by Saffeya Ahmed and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the Trump family’s crypto company is in hot water, and a US official is vying to get Italy into the football World Cup.  Mentioned in this podcast: Meta to cut 10% of jobs to ‘offset’ Mark Zuckerberg’s AI spending Microsoft to offer 7% of US staff voluntary redundancy for the first time BP suffers heavy defeat in investor climate vote Crypto billionaire Justin Sun sues Trump family’s World Liberty Financial Warner Bros shareholders approve $111bn Paramount deal Trump envoy seeks to replace Iran with Italy in football World Cup Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla’s profits rebounded from last year’s lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran’s navy said it seized two commercial ships in the Strait of Hormuz, and China’s new trade rules have concerned businesses operating in the country. Plus, the FT’s John Burn-Murdoch unpacks a survey that finds the highest-earning workers are adopting AI in their jobs far faster than others and Switzerland hit UBS with a proposed $20bn capital increase. Mentioned in this podcast: Tesla shares rally as profits rebound from last year’s lows Trump’s ‘dirty ceasefire’ tested as Iran hits shipping US allies in Gulf and Asia have requested swap lines, Scott Bessent says China links tough new trade rules to Iran war and Panama port dispute High earners race ahead on AI as workplace divide widens Switzerland hits UBS with proposed $20bn capital increase Credit: Reuters Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump extended the ceasefire with Iran until talks conclude, and Federal Reserve chair nominee Kevin Warsh sidestepped accusations that he would succumb to pressure from Trump to cut interest rates. Plus, a sneak peek at a new FT podcast on the lessons to learn in the history of finance.  Mentioned in this podcast: Can Trump finally make a nuclear deal with Iran? Kevin Warsh sidesteps questions over Donald Trump’s influence on Fed rate policy Introducing: The Story of Money Credit: C-SPAN  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tim Cook will step down as Apple’s chief executive in September, representatives for US President Donald Trump’s ‘Board of Peace’ held discussions with DP World about managing supply chains in Gaza, and UK Prime Minister Keir Starmer fended off calls for him to quit over the Peter Mandelson vetting affair. Plus, wealth advisers at banks and independent brokerages generated billions of dollars in fees by steering individual investors into private market funds. Mentioned in this podcast: Tim Cook to step aside as Apple chief executive in September Donald Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction Keir Starmer accused of scapegoating officials over Peter Mandelson scandal Keir Starmer was told to vet Peter Mandelson before appointing him Wealth advisers made more than $2bn from private capital fees Kevin Warsh: Trump’s next fall guy at the Fed? Credit: UK Parliament  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump said he’s sending senior officials to Pakistan for new negotiations with Iran, the European Commission will encourage remote working and public transport subsidies to cut fossil fuel use, and FTSE 100 companies boosted chief executives’ pay by almost a fifth in the past year. Plus, there’s a new craze hitting Wall Street: super-charged tax-loss harvesting.  Mentioned in this podcast: Donald Trump to send US officials to Pakistan for fresh peace talks with Iran Brussels pushes remote working to ease energy crisis FTSE bosses receive 18% pay bump this year in global fight for talent The tax-focused hedge fund craze taking over Wall Street Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed and Victoria Craig. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Global oil markets have faced historic disruption since the Iran war began in February. The FT’s Jamie Smyth speaks with shale pioneer Scott Sheffield and his son Bryan about energy security and why the crisis could reshape the future for oil and gas.  Correction April 23, 2026: While Mike Sommers, CEO of the American Petroleum Institute, stressed the importance of restoring traffic through the Strait of Hormuz. The API would like to clarify that the group does not have an opinion on the US government’s deployment of American troops to Iran. Mentioned in this podcast: Trump administration urges US oil bosses to increase drilling Fracking pioneers look overseas as US shale revolution goes global  ‘As big as Saudi Arabia’: the Permian oilman who sold Pioneer to Exxon  Note: The FT does not use generative AI to voice its podcasts  This episode was hosted and produced by Michela Tindera. It was edited by Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallman. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Donald Trump said Lebanon and Israel had agreed to a 10-day ceasefire, the US Treasury’s status as the world’s lowest-cost dollar borrower is facing a fresh challenge, and Netflix’s chair and founder is stepping down. Plus, Iran secretly acquired a Chinese spy satellite that has helped it target US military bases across the Middle East during the war, and shares in the world’s biggest chocolate maker aren’t looking so sweet. Mentioned in this podcast: Israel and Lebanon agree 10-day ceasefire, Trump says US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk Netflix founder Reed Hastings to step down from board Iran used Chinese spy satellite to target US bases Shares at world’s biggest chocolate maker Barry Callebaut plunge as cocoa prices collapse Credit: BBC Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed, Victoria Craig, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, David da Silva, and Michela Tindera. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gulf monarchies raised almost $10bn in private sales of bonds this month, oil shortages are coming if the Strait of Hormuz stays closed, and US President Donald Trump has renewed his threat to fire Federal Reserve chair Jay Powell. Plus, a second China shock is hitting the global economy, and Allbirds is pivoting from wool sneakers to AI.  Mentioned in this podcast: Gulf states turn to private deals in $10bn wartime borrowing spree Oil shortages are coming, and with them some difficult questions Trump threatens to fire Jay Powell and refuses to halt criminal probe China shock 2.0: the flood of high-tech goods that will change the world Allbirds is turning into an AI compute provider, because of course it is Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed, Fiona Simon and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ships are altering course as the US Navy’s blockade of the Strait of Hormuz continues into its third day, and PwC plans to overhaul its global consulting business. Plus, insurers are turning to catastrophe bonds to cover data centres, and AI chatbots aren’t a substitute for doctors when it comes to medical diagnoses.  Mentioned in this podcast: Strait of Hormuz tankers stop or turn around amid US blockade Iran war could slow global growth to weakest since pandemic, IMF warns US pushing Iran to agree 20-year moratorium on nuclear activity PwC plans overhaul of global consulting business Insurers turn to catastrophe bonds to offload data centre risks AI chatbots misdiagnose in over 80% of early medical cases, study finds Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A key UK government official says Britain’s leaders have shown a “corrosive complacency” towards defence, OpenAI’s $852bn valuation is under increasing scrutiny from its own backers and fixed-income traders at Goldman Sachs suffered an unexpected drop in revenues at the start of 2026. Plus, the FT’s Raya Jalabi explains how Lebanon has become a sticking point in US-Iran negotiations.   Mentioned in this podcast: Starmer accused of ‘corrosive complacency’ on UK defence by former Nato chief OpenAI investors question $852bn valuation as strategy shifts Goldman bond traders take shine off bumper quarter The 10 minutes that set Lebanon ablaze Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hungary’s prime minister Viktor Orbán concedes, US President Donald Trump says America will launch a naval blockade of the Strait of Hormuz after peace talks with Iran failed, and Wall Street banks are set to report trading revenues of more than $40bn for the first quarter. Plus, Meta is building an AI version of its CEO Mark Zuckerberg.  Mentioned in this podcast: Hungary’s Orbán concedes defeat as opposition heads for landslide win Trump announces naval blockade of Strait of Hormuz as Iran peace talks fail Fees for seas: a history of taxing waterways Wall Street banks set to report $40bn trading haul as war rekindles volatility Meta builds AI version of Mark Zuckerberg to interact with staff Credit: DWS News  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shipping through the Strait of Hormuz remains at a standstill, sales of used electric vehicles are surging in the US, and the International Monetary Fund is warning that the war’s shocks will be felt by the global economy for a while. Plus, the FT’s Marton Dunai gives a rundown of the upcoming Hungarian elections.   Mentioned in this podcast: OECD urges governments to rapidly unwind costly fuel duty cuts Refineries rush to secure oil cargoes as Iran maintains grip on Hormuz Sales of used EVs surge in US as petrol prices pass $4 a gallon Who is Péter Magyar, Viktor Orbán’s nemesis? Donald Trump and JD Vance back Viktor Orbán ahead of Hungary’s election Credit: AP Archive, C-SPAN, Reuters  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Middle East ceasefire is strained, the FT’s Jamie Smyth explains how the uncertainty is hitting oil markets and Pakistan has become a mediator between the US and Iran. Plus, the data chief of the NHS has vowed to ignore controversy about Palantir while setting out plans to deeper embed the US company’s technology. Mentioned in this podcast: Middle East ceasefire under pressure over Israeli strikes on Lebanon Saudi Arabia’s key east-west oil pipeline hit as Middle East energy attacks continue Iran demands crypto fees for ships passing Hormuz during ceasefire White House pushed Pakistan to broker temporary Iran ceasefire NHS data chief pushes for deeper rollout of Palantir technology despite outcry Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz, hedge funds made record bets against European stocks, Turkey has sold or loaned out $20bn of gold since the outbreak of the Iran war, and a project for a German warship has turned into a defence procurement disaster. Plus, four astronauts made a historic trip around the Moon. Mentioned in this podcast: Middle East live blog Hedge funds make record bets against European stocks Europe’s rearmament meets reality: the story of a failed frigate project Turkey’s gold sales deepen bullion slump Artemis II astronauts head back to Earth after record-breaking Moon trip Credit: CNN, NBC New York  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US and Iran rejected each other’s peace proposals, EU officials are urging governments to avoid excessive support to offset surging energy prices, and the value of buyouts by private equity groups fell by more than a third in the first quarter of the year. Plus, Cuba is offsetting power blackouts and shortages with the help of soaring imports of solar technology from China. Mentioned in this podcast: US and Iran reject each other’s proposals to end war EU warns capitals against turning energy crunch into fiscal crisis Private equity buyouts slump as AI fears and war dent dealmaking Power-starved Cuba deepens reliance on Chinese solar tech Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In a special edition of the FT News Briefing, reporter Guy Chazan explains the cost of US President Donald Trump’s immigration crackdown. We hear from business owners and people affected by the policies in the Rio Grande Valley of south Texas. Mentioned in this podcast: The economic cost of Trump’s migrant crackdown Sources: White House, Fox, ABC Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig and produced by Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

America’s tariff regime affected all aspects of life from the global economy to the day-to-day of average business owners. In this special episode, the FT’s US Economics Editor Claire Jones explains what changed, and what didn’t, because of those tariffs.  Mentioned in this podcast: Listen to the rest of our Liberation Day series  Listen to Swamp Notes  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson.  Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Hosted on Acast. See acast.com/privacy for more information.

President Donald Trump fired US attorney-general Pam Bondi, and private credit investors are requesting their money back from Blue Owl Capital at an alarming rate. Plus, the FT’s Robert Armstrong continues our series on Trump’s tariffs with analysis of the Taco trade theory a year later.  Mentioned in this podcast: Donald Trump fires US attorney-general Pam Bondi Blue Owl struck by $5.4bn of redemption requests Taco trade theory and the US market’s surprise comeback Listen to the FT News Briefing’s tariffs series here Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump updated Americans on the war in Iran, and Chinese government bonds have sidestepped a global debt sell-off since the start of Washington’s conflict with Tehran. Plus, in part four of our tariff anniversary series, the FT’s Gideon Rachman explains how Trump’s tariffs reshaped the geopolitical landscape.  Mentioned in this podcast: Donald Trump offers mixed messages on war in Iran Chinese government bonds emerge as lone war haven Listen to the FT News Briefing’s tariffs series here Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon, Victoria Craig, and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann andD avid da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Foreign central banks have slashed their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012, and a preliminary estimate showed that Eurozone inflation jumped to 2.5 per cent in March. Plus, we hear from two small US business owners about how they have navigated a year of President Donald Trump’s tariffs.  Mentioned in this podcast: Foreign central banks sell US Treasuries in wake of Iran war The ECB’s three-pronged monetary strategy Trump tariff tracker: US trade, markets and the economy Listen to the FT News Briefing’s tariffs series here Chris Giles on Central Banks Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com  Hosted on Acast. See acast.com/privacy for more information.

Swiss lawmakers have assured senior UBS executives that they will water down stringent new rules and the Trump administration took its first step in opening the more than $10tn US retirement marketplace to private markets. Plus, as part of our series marking one year since so-called Liberation Day, the FT’s Stefania Palma explains the rocky legal future of US tariffs.  Mentioned in this podcast: Swiss lawmakers signal compromise on $22bn UBS capital plan Trump to take first steps in opening retirement funds to private markets The Supreme Court sends tariffs on a turbulent descent Listen to the FT News Briefing’s tariffs series here Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump has said he wants to ‘take the oil in Iran’ and could seize the export hub of Kharg Island. Uncertainty about what happens next in the war is sending nervousness through global markets. Plus, this week marks one year since President Trump’s so-called Liberation Day announcement. How has the global trade landscape changed since then? Mentioned in this podcast: Donald Trump says US could ‘take the oil in Iran’ Global markets recoil as Marco Rubio warns war in Iran could stretch for weeks US bond market shows signs of strain as Iran war sparks Treasury tumult How has the global economy changed since ‘liberation day’? Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig and produced by Nisha Patel and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Untold host Antonia Cundy uncovers the cultural and political influence of a controversial Catholic organisation in America. Opus Dei exists to help people get closer to God, but some members say they found other agendas – and unexpected harm – entangled in that spiritual mission. We meet Sarah – a young girl drawn to Opus Dei’s message that professional work can be a path to holiness. At 18, Sarah says goodbye to her family and moves into an Opus Dei centre to learn how to make her work an offering to God. But what she experiences there feels different to the organisation she thought she knew. Sarah chafes at unexpected rules, unquestioning obedience and dehumanising treatment. Subscribe and listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The United Arab Emirates has told allies that it would participate in a multinational maritime task force intended to reopen the Strait of Hormuz, and Hong Kong is weighing tax cuts for asset managers. Plus, London has embraced a controversial form of energy production: burning rubbish.  Mentioned in this podcast: UAE pushes for international force to reopen Hormuz Hong Kong weighs ‘big bang’ tax cuts for asset managers ‘It’s good business’: how London became an ‘energy from waste’ capital Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Mischa Frankl-Duval, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran’s top military leadership dismissed Donald Trump’s claims that the Islamic republic was ready to make a deal, the US president appears to make abrupt policy pivots based on swings in oil prices, and the EU’s trade commissioner says time is running out to stop the World Trade Organization from fading into irrelevance. Plus, how worried should investors be about the caps on redemptions at private credit funds? Mentioned in this podcast: Iran’s military leaders dismiss Donald Trump’s deal claims Iran war tests Donald Trump’s tolerance for ‘pain’ in oil market Meta and Google liable for social media harm to children’s mental health in landmark US case WTO risks sliding into irrelevance, EU trade commissioner warns Private credit’s game of footsie is getting riskier Ares limits withdrawals from $10.7bn private credit fund Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta and OpenAI will be among the first customers of Arm’s long-awaited new AI processor, the haven asset gold hasn’t been looking like its usual self, and Volkswagen is in talks to switch production at one its factories from cars to missile defence for Israel. Plus, Lebanon is worried Israel will push further into its southern region and occupy it.  Mentioned in this podcast: Arm launches own AI chip in high-stakes strategy shift Unhedged: Is gold an unsafe haven asset? Listen to the Unhedged podcast here VW to shift from cars to missile defence in deal with Israel’s Iron Dome maker The sum of all fears for Lebanon Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sources tell the FT that Pakistan is positioning itself as the lead mediator trying to broker an end to the US’s and Israel’s war against Iran, and the US ambassador to the EU says the bloc must implement its trade deal with the US or risk losing its “favourable” access to liquefied natural gas shipments from American exporters. Plus, carmakers are panic buying aluminium because of the Middle East conflict, and some Israeli opposition parties are being surprisingly hawkish on Iran. Mentioned in this podcast: Pakistan steps up as go-between in Trump’s Iran crisis US warns EU to pass trade deal or risk losing ‘favourable’ access to LNG Carmakers rush to secure aluminium as Middle East war hits supply Benjamin Netanyahu’s rivals compete to outdo him over Iran Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The World Food Project warns millions more could be pushed into acute hunger if the Strait of Hormuz remains closed. Plus, energy executives meet in Houston as war in Iran rages, and China pitches itself as a “harbour of stability” to global CEOs. And Trump escalates his rhetoric on Cuba, raising fears of U.S.-Cuba confrontation. Mentioned in this podcast: Piles of wheat and canned food stuck in transit as Iran war disrupts aid Iran war is the greatest threat to global energy ‘in history’, warns IEA Canada’s oil producers in line for C$90bn windfall from Iran war  China touts itself as ‘harbour of stability’ amid Iran war  Cuba hit by second nationwide power outage in a week Credit: NBC Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

 Investors sounded the alarm on Thursday after a major Qatar gas facility took serious damage, and amateur traders are going wild for five-minute bets.  Mentioned in this podcast: ‘Armageddon scenario’ for gas markets as Qatar hit by missiles Five-minute bets are the new craze sweeping crypto markets Stocks and bonds tumble as investors price in ‘protracted energy shock’ CERAWeek conference Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year. Plus, Walmart won patents to give algorithms more sway over prices and fears of an immediate escalation in the conflict between Afghanistan and Pakistan have eased. Mentioned in this podcast: Federal Reserve chief Jay Powell says Iran oil crisis will worsen US inflation Pakistan and Afghanistan pause hostilities after Kabul hospital attack Walmart wins patents to give algorithms more sway over prices US relaxes sanctions on Venezuela’s PDVSA amid global energy squeeze Send us your tariff story: [email protected] Credit: Federal Reserve Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Covid-19 pandemic. Plus, the FT’s Ahmed Al Omran explains why Saudi Arabia’s recent truce with Iran has not paid off.  Mentioned in this podcast: EU weighs curbs on national powers to block mergers Banks prepare to offload $18bn in debt tied to EA take-private deal Investors pile into cash at fastest pace since pandemic on Iran fears How MBS’s bet on Iran backfired Send us your tariffs story: [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Michael Lello, and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is put to the test as the strait remains closed. Plus, scientists have identified a potential new type of planet. Mentioned in this podcast: Why Hormuz will haunt us long after this war ends Biggest Nato allies reject Trump’s Hormuz armada demand UniCredit launches €35bn Commerzbank takeover offer Iran war tests Xi Jinping’s plan to build China’s stockpiles Hellish new planet identified beyond solar system Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Marc Filippino, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t celebrating. Plus, wealthy individuals have sought to pull more than $10bn from some of the largest private credit funds in the first quarter. And, what to expect from eight central bank meetings this week.  Mentioned in this podcast: Donald Trump warns Nato faces ‘very bad future’ if allies fail to help US in Iran EU ministers to discuss possible naval options for Strait of Hormuz Why America’s shale patch is not celebrating $100 oil Rich investors seek to pull billions from private credit funds  Iran war reawakens global inflation fears Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing Artificial intimacy from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed. Calder Quinn has fallen into a relationship with a chatbot called Sara. She’s kind, emotionally intelligent and creatively inspiring. But how can he tell his wife he is having sex with an AI girlfriend? In the first episode of Artificial Intimacy we look at how people are developing romantic bonds with AI companions. What does it feel like to be in love with AI? What impact could it have on human relationships? Could it replace them altogether?  Host Cristina Criddle speaks to Giada Pistilli, an AI ethicist who now works at Mistral; Calder Quinn, writer at ‘AI, But Make It Intimate’; Amelia Quinn, Calder’s wife; and Alaina Winters, professor emeritus of communication who publishes on meandmyaihusband.com. Presented by Cristina Criddle, produced by Persis Love and Edwin Lane. The executive producer is Flo Phillips. Sound design by Breen Turner and Sam Giovinco.  We used ElevenLabs to create Sara’s voice. All other voices are real. Hosted on Acast. See acast.com/privacy for more information.

Gulf oil producers have lost billions of dollars in energy revenues since the start of the US-Iran war, but there is one country benefiting: Russia. It is earning as much as $150mn a day in extra budget revenues from its oil sales. Plus, the FT’s defence and security correspondent Charles Clover explains what may come next in the conflict.  Mentioned in this podcast: Gulf states lose $15bn in energy revenues since start of war Iran’s new supreme leader vows to keep Strait of Hormuz closed ‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on shipping Russia rakes in $150mn a day in extra revenue from surging oil prices Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The International Energy Agency has launched the largest release of strategic oil reserves in its history, investors have sought shelter from the turmoil of the war in Iran in US tech stocks and US inflation held steady at 2.4 per cent in February. Plus, the war has threatened the Indian economy’s “Goldilocks” combination of strong growth and low inflation.  Mentioned in this podcast: IEA releases record oil reserves to counter Iran war energy shock Investors seek shelter from Iran war in US tech stocks US inflation holds steady at 2.4% in February Iran war threatens India’s ‘Goldilocks’ economy The ‘number station’ sending mystery messages to Iran Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Sonja Hutson and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oracle’s shares climbed 9 per cent on Tuesday after the database group posted better than expected earnings, and we discuss how American businesses are navigating soaring energy prices. Plus, the higher costs to insure tankers traversing the Strait of Hormuz, and the FT’s Antoine Gara explains why investors are ditching private credit funds.   Mentioned in this podcast: Oracle shares rally on strong revenue forecast from AI data centres Soaring fuel prices expected to cast long shadow across US economy Lloyd’s of London says it will still insure ‘basically anyone’ in the Gulf Investors ditch private credit funds on rising worries over bad loans Retail investors shun private credit funds after Blue Owl gating Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Sonja Hutson and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The price of oil fell sharply, and we’ll take a look at why the US and Israel are avoiding an attack on Iran’s Kharg Island. Plus, the FT’s George Hammond explains what the tenuous relationship between the Pentagon and Anthropic might mean for the AI start-up.  Mentioned in this podcast: G7 ‘stands ready’ to release emergency oil reserves Anthropic sues the Pentagon over being declared a ‘supply chain risk’ Gilt market slump deepens as traders bet on Bank of England rate rise Kharg Island: Iran’s oil lifeline that Donald Trump has left untouched Webinar: War in the Middle East: What’s the End game?  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran names Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses seek more insurance coverage as the war in Iran continues. And, fears of food price spikes are growing. Mentioned in this podcast: Mojtaba Khamenei becomes Iran’s supreme leader Oil surges past $100 a barrel for the first time in four years Qatar warns war will force Gulf to stop energy exports ‘within days’ Iran war muddles expectations of likely Federal Reserve interest rate cuts Fertiliser disruption from Iran conflict prompts global food shortage warnings Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As insurance costs rocket for shipping in the Strait of Hormuz, Asian countries brace for an energy shock. The rapid expansion of American-owned data centres in the Middle East has opened up a new front for Iran’s retaliation against the US. Plus, Donald Trump fires the head of the US Department of Homeland Security, Kristi Noem, and the FT’s Joshua Franklin explains what JPMorgan wants with an historic New York City hotel.  Mentioned in this podcast: Industry casts doubt on Trump plan to insure Gulf oil tankers as Iran war halts transit Asia’s big economies brace for Iran war energy shock  Donald Trump fires controversial homeland security secretary Kristi Noem Pakistan thwarts JPMorgan’s efforts to buy historic New York hotel Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel expects war against Iran to last weeks and Ayatollah Khamenei’s son emerges as a leading candidate for supreme leader. Plus, the Federal Reserve grants crypto exchange Kraken access to its core payments system, inside the collapse of UK property lender Market Financial Solutions, and US Treasury secretary Scott Bessent says the new 15% tariff rate could start this week.  Mentioned in this podcast: Ali Khamenei’s son Mojtaba emerges as a leading candidate for supreme leader of Iran Gulf insurance costs soar 12-fold despite Trump guarantee Federal Reserve grants Kraken access to payments system in first for crypto group Collapse of UK property lender sends shockwaves through Wall Street Scott Bessent says 15% global tariff ‘likely’ to be imposed this week Send your tariffs stories to [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Henry Larson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gas prices have soared on the back of the war in the Middle East, and US president Donald Trump criticised some European nations for not being helpful in the conflict. Plus, the ongoing crisis is disrupting precious-metals trade, and China will unveil its five-year plan during the National People’s Congress meeting on Thursday.  Mentioned in this podcast: Trump threatens to cut trade with ‘terrible’ Spain and calls Starmer ‘no Churchill’ China’s cadres advocate end to overtime to encourage people to have families Brussels urges calm as Iran crisis sends European gas prices soaring Gold and silver flows disrupted as Iran conflict grounds flights Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, edited by Marc Filippino, and produced by Fiona Symon and Saffeya Ahmed. Our show was mixed by Kelly Garry. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors turned to gold and the US dollar in the wake of the Iran conflict, and Gulf states are panicking as Iran targets them in retaliatory strikes. Plus,can the US economy handle the surging oil prices caused by the attacks?  Mentioned in this podcast: What will war in Iran do to the global economy? Panic in the Gulf as Iran lashes out at US allies What will be in Rachel Reeves’ spring outlook for the UK economy? Investors turn to gold, not bonds, as haven from war in Iran Hedge funds rethink emerging market bets after US-Israel strikes on Iran Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Nisha Patel. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The world is reeling after the US and Israel struck Iran over the weekend. The FT’s Najmeh Bozorgmehr details the situation on the ground in Tehran. Then we explore how the renewed conflict affects the United States and the Middle East. Plus, the FT’s Malcolm Moore explains the potential implications for the oil market and the global economy.  Mentioned in this podcast: What will war in Iran do to the global economy? Tehran: a city at war Oil jumps as Donald Trump vows to continue striking Iran Insurers to cancel policies and raise prices for ships in Gulf and Strait of Hormuz Ayatollah Ali Khamenei, Iran’s supreme leader, 1939-2026 After Khamenei, who rules Iran? Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig and edited by Marc Filippino. It was produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Paramount Skydance is poised to triumph in its bid to buy Warner Bros Discovery after Netflix said it would not boost its offer, tech companies are increasingly turning to loans backed by the chips on which their large language models are trained and the FT’s George Steer explains how Wall Street is hedging against the tech stock sell-off . Plus, Berkshire Hathaway’s new chief executive will send his first letter to investors on Saturday.  Mentioned in this podcast: Paramount poised to clinch Warner Bros deal after Netflix walks away Tech groups turn to more chip-backed loans to fund AI arms race Wall Street turns to complex trades to dodge AI ‘implosions’ Warren Buffett hands over Berkshire Hathaway’s reins to Greg Abel Behind the Money podcast: Berkshire after Buffett Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia beat Wall Street’s estimates on Wednesday as the company continued to benefit from the boom in AI infrastructure, and HSBC is on track to deliver cost savings earlier than planned. Plus, Iran looks to tempt US President Donald Trump with investments in order to stave off war, and the FT’s Robert Smith explains how Deutsche Bank rolled out the red carpet for Jeffrey Epstein.  Mentioned in this podcast: Nvidia rallies on robust earnings powered by AI investment boom HSBC shares hit record as bank accelerates cost savings and lifts target Iran to offer ‘commercial bonanza’ to US companies How Deutsche Bank rolled out the red carpet for Jeffrey Epstein Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump delivered his State of the Union address last night, Europe’s largest investment banks delivered their highest trading revenues in at least a decade in 2025, and UK self-driving start-up Wayve has raised $1.2bn in new funding. Plus, people are returning to Afghanistan in droves, but there are questions over whether the country can support this massive influx. Mentioned in this podcast: European traders celebrate decade-beating performance UK AI start-up Wayve raises $1.2bn from carmakers and Big Tech Millions of people are returning to Taliban-run Afghanistan Find a discounted subscription to FT.com here: ft.com/briefingsale Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US software stocks were hit with a fresh burst of selling on Monday as investors fretted that AI will upend the industry, and German Chancellor Friedrich Merz heads to China this week to discuss trade. Plus, the FT’s Ben Hall explains where things stand in the Ukraine war four years after Russia’s full-scale invasion. Mentioned in this podcast: US software and private capital shares hit with fresh wave of selling What Friedrich Merz is going to tell Xi Jinping Volodymyr Zelenskyy urges Donald Trump to see through Russia’s ‘games’ Find a discounted digital subscription here: ft.com/briefingsale Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court’s decision to strike down President Donald Trump’s use of emergency tariff powers is raising questions about existing trade deals, federal revenues, and the impact to American business. Plus, how JPMorgan chief executive Jamie Dimon is preparing to spend a record $2bn a week. Mentioned in this podcast: Trump’s new flat-rate tariff will boost China and Brazil What does Trump’s latest tariff threat mean for his previous trade pacts? Corporate America demands refunds after Donald Trump’s tariffs are struck down Donald Trump’s tariffs send corporate America’s import costs spiralling US banks enjoyed record profits of $300bn in 2025 Dimon seeks to sell JPMorgan investors on $2bn-a-week costs bill  FT News Briefing subscription sale Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Daniel Chait is the CEO of Greenhouse, a hiring platform. He told us his tips for hiring managers, a couple of unethical uses of AI in hiring and whether or not this job market is worse than the one during the global financial crisis. Mentioned in this podcast: The great graduate job drought Note: The FT does not use generative AI to voice its podcasts.  This episode was hosted by Marc Filippino, and produced by Henry Larson. It was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and 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.

Donald Trump says the next 10 days will decide if the US strikes Iran or does a deal with the Islamic republic. Plus, the FT’s Anjli Raval explains just how bad the job market is for new graduates, and hiring platform Greenhouse’s CEO tells us his solutions.  Mentioned in this podcast: Trump says he will decide in next 10 days if US will strike Iran The great graduate job drought  Find a discounted digital subscription here: ft.com/briefingsale Note: The FT does not use generative AI to voice its podcasts.  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

JPMorgan Chase is in talks to provide banking services to US President Donald Trump’s Board of Peace, and investors have warned that loosening the UK’s borrowing limits to fund more spending on defence would risk a bond market backlash and a self-defeating rise in borrowing costs. Plus, the White House says the New York Fed should be disciplined for a recent report, and a former investment banker is suing over her right to get eight hours of sleep per night.  Mentioned in this podcast: JPMorgan in talks to bank for Trump’s Board of Peace Gilt investors warn about ‘ruse’ to fund higher UK defence spending Trump adviser says New York Fed economists should be ‘disciplined’ for publishing study on tariffs Can bankers be fired for demanding sleep? A US court will decide FT News Briefing subscription sale Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta has agreed to spend billions of dollars on millions of Nvidia’s chips, and Warner Bros Discovery has reopened sale talks with Paramount. Plus, Christine Lagarde has decided to leave her post as president of the European Central Bank early, and US offshore wind companies are racing to bring projects online that can withstand Donald Trump’s efforts to cripple the industry.  Mentioned in this podcast: Nvidia secures multibillion-dollar Meta deal as it battles chip rivals Warner Bros throws ownership battle open by giving Paramount a week to up its offer US offshore wind farms try to withstand the force of Trump’s wrath Christine Lagarde to leave the ECB before April 2027 US restaurants downsize meals to counter anti-obesity drugs and affordability crisis Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Hungary’s Prime Minister Viktor Orbán lashed out at Ukraine at a meeting with US secretary of state Marco Rubio in Budapest. Fund managers are betting against the US dollar. Shareholders push oil companies to accelerate growth. Plus, a new top contender in the FT’s business school ranking. Mentioned in this podcast: Marco Rubio says Viktor Orbán’s leadership is ‘essential’ to US interests MIT Sloan tops FT Global MBA Ranking for the first time Fund managers take most bearish stance on dollar for a decade Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Mischa Frankl-Duval and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Executive producer Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Cross-border EU banking deals reached their highest level since the 2008 financial crisis, and regulation reversals are hitting global electric-vehicle makers. Plus, soaring gold prices are affecting insurance coverage for precious metals storage, and how to make sense of recent AI-induced selloffs on Wall Street. Mentioned in this podcast: EU cross-border banking deals jump to highest since 2008 crisis End of EV euphoria triggers $65bn hit for carmakers Soaring gold price forces vaults to reduce insurance cover Wall Street hunts next casualty from AI threat to white-collar work Wall Street’s anything-but-tech trade shakes up US stock market Credit: White House Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It’s the most watched business in the world. And the least understood. Streamed by millions every day, porn is everywhere. It shapes our culture, our relationships and even technology. Yet, nobody seems to know who really controls the business. The power brokers tend to lurk in the shadows, while their performers remain quite literally exposed.  In the new audiobook The Kink Machine: The Hidden Business of Adult Entertainment, from Pushkin Industries and the Financial Times, Financial Times journalists Patricia Nilsson and Alex Barker start digging into the porn industry and following where the money flows. Their reporting uncovers a shadowy power structure that includes billionaires, tech geniuses and the most powerful finance companies in the world. A gripping exposé of how power operates behind the most taboo corner of the internet, Nilsson and Barker unravel a story about control, influence and an industry with staggering cultural reach that no one really wants to talk about — until now. Here’s a preview of The Kink Machine. If you like what you hear, get The Kink Machine on Audible, Spotify, Pushkin.fm, or wherever you get audiobooks.  Hosted on Acast. See acast.com/privacy for more information.

The Trump administration plans to roll back some tariffs, Schroders agrees to a US takeover, and Americans paid 90 per cent of the cost of US President Trump’s tariffs last year. Plus, Goldman Sachs’ top lawyer will depart the company over Epstein ties, and how to buy a law firm when you’re not really allowed to. Mentioned in this podcast: Trump plans to roll back tariffs on metal and aluminium goods Schroders boss reassured UK Treasury ahead of £9.9bn US takeover Alphaville’s annotated thoughts on the Schroders takeover US businesses and consumers pay 90% of tariff costs, New York Fed says Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links How to buy a law firm if you’re not allowed to buy a law firm Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US economy added 130,000 jobs in January, beating market expectations, and documents appear to contradict testimony Jes Staley gave about his involvement with Jeffrey Epstein. Plus, Bangladesh is holding its first elections since 2024's mass uprising.  Mentioned in this podcast: Epstein trustee document contradicts Jes Staley testimony US economy far outstrips expectations to add 130,000 jobs in January After 17 years in exile, dynastic heir looks to lead Bangladesh Find the latest season of Tech Tonic here: https://www.ft.com/tech-tonic Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US commerce secretary Howard Lutnick said he visited Jeffrey Epstein’s island with his family in late 2012, Cuba is struggling under the US fuel embargo, and Ukrainian President Volodymyr Zelenskyy is planning for elections in the spring. Plus, the FT’s Camilla Paladino says oil major BP isn’t getting enough credit for its turnaround. Mentioned in this podcast: Howard Lutnick says he visited Jeffrey Epstein’s island in 2012 Zelenskyy plans spring elections alongside referendum on peace deal BP isn’t getting enough credit for its turnaround BP becomes first oil major to suspend share buyback plan Cuba runs out of jet fuel as Donald Trump squeezes oil supplies Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gilts rebounded from earlier losses on Monday afternoon, and Novo Nordisk is suing US telehealth company Hims & Hers over ‘knock-off’ versions of its weight-loss drugs. Plus, France’s central bank chief is stepping down early, and US senators are pushing proposals to lift bank deposit insurance limits to avoid another Silicon Valley Bank debacle.  Mentioned in this podcast: Gilts stabilise after cabinet voices support for Keir Starmer Novo Nordisk sues Hims & Hers over copycat weight-loss drugs Novo Nordisk faces more gloom from price cuts in crowded anti-obesity drugs market French central bank governor to step down early Can the US crack the formula for ending bank runs? Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK Prime Minister Sir Keir Starmer’s chief of staff resigned amid controversy over the Mandelson scandal, and Japan’s conservative governing party have won a landslide victory in snap elections. Plus, top academics have dismissed Federal Reserve chair Kevin Warsh’s claim that an AI-induced productivity boom will create room for interest rate cuts. And, Syria has struck a deal that would give them control over major oil and gas fields offering a potential boost to its fragile economy.  Mentioned in this podcast: Starmer battles to stay in Number 10 after dramatic exit of McSweeney Sanae Takaichi’s LDP wins supermajority in Japan election Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts Syria courts energy majors as it takes control of oilfields Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon’s new AI spending blitz sent shares tumbling, chipmakers got swept up in a wider tech equities sell-off, Sir Keir Starmer has apologised to the victims of Jeffrey Epstein for appointing Peter Mandelson as Britain’s ambassador to the US, and American snack companies are lowering prices ahead of the Super Bowl. Plus, can Japanese Prime Minister Sanae Takaichi win this weekend’s election on star power alone?  Mentioned in this podcast: Amazon stock slumps as it prepares $200bn AI spending blitz Arm CEO says AI software sell-off is ‘micro-hysteria’ Nvidia AI chip sales to China stalled by US security review Keir Starmer apologises to victims of Jeffrey Epstein Food and drink companies suffer as US shopper sentiment sinks Can Sanae Takaichi govern Japan on star power alone? Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT’s Chris Cook talks about the challenges of unpacking millions of documents on Jefferey Epstein. Plus, OpenAI senior staff are leaving because the company is prioritising ChatGPT.  Mentioned in this podcast: Google adds $55bn to capex plans as it boosts AI spending US tech stocks hit with fresh wave of selling as chipmaker AMD tumbles Police launch criminal investigation into Mandelson over Epstein scandal OpenAI’s ChatGPT push triggers senior staff exits Note: The FT does not use generative AI to voice its podcasts  Credit: NBC News Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US tech stocks fell on Tuesday over AI concerns, Elon Musk is charting a new path for his “Muskverse” of companies, and the US military shot down an Iranian drone as Middle East tensions escalate. Plus, domestic energy companies in Argentina have benefitted from the country’s volatile economy, and Peter Mandelson is no longer a member of the House of Lords after Epstein scandal revelations. Mentioned in this podcast: US stocks drop on fears AI will hit software and analytics groups Tesla lurches into the Musk robotics era SpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk’s empire US shoots down Iranian drone as Middle East tensions escalate Police launch criminal investigation into Mandelson over Epstein scandal Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

France has adopted a deficit-cutting budget for 2026 after months of political wrangling, and the FT’s Christopher Grimes tells us about the front runner to be Disney’s next CEO. Plus, US President Donald Trump said he had struck a trade deal with India, and Société Générale is European banking’s latest comeback kid.  Mentioned in this podcast: France adopts budget after premier survives no-confidence vote Disney warns of hit to US theme parks as foreign tourist numbers fall Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil How SocGen dragged itself back from the brink Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe’s largest oil companies are poised to curb share buybacks, and Kevin Warsh’s nomination to Fed chair could spark a rethink of how America’s central bank works. Plus, consumer giants deal with backlash over contaminated baby formula. And, a rollercoaster in precious metals prices triggers ‘pandemonium’ in New York’s Diamond District. Mentioned in this podcast: Europe’s oil majors prepare to cut billions in shareholder payouts Kevin Warsh’s nomination as Fed chair to spark rethink of bank’s role Nestlé and Danone hit by backlash over contaminated baby formula Gold and silver tumult triggers ‘pandemonium’ in New York’s Diamond District Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple reported a blockbuster rise in revenue last quarter, and Blackstone is preparing to take a series of long-held investments public. Plus, Canada’s oil industry is thriving as it pushes into Asian markets. Plus, some US oil majors are reporting earnings, which could give us a window into whether they're preparing to invest in Venezuela. Mentioned in this podcast: Apple hails ‘remarkable’ $144bn quarter with best-ever iPhone sales Blackstone lines up ‘one of largest IPO pipelines in history’ Canada’s oil industry thrives as sales to China soar Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla on Wednesday reported its first-ever fall in annual revenue, Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world’s biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions. Mentioned in this podcast: Tesla trims car line up in pivot to AI as annual revenue falls for first time Federal Reserve signals no rush to cut interest rates as US economy powers ahead Trump warns Iran ‘time is running out’ for deal to avert US military action Metals surge boosts value of mining groups by almost $500bn Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US health insurance stocks plunged yesterday, and New Delhi and Brussels have agreed a trade deal that will eliminate up to €4bn of tariffs on EU exports. Plus, Nato is increasing its military presence in the Arctic to counter Russia.  Mentioned in this podcast: US health insurer stocks plummet on Trump Medicare spending plan EU and India seal trade pact to slash €4bn of tariffs on bloc’s exports How Nato is preparing for war in the Arctic Send your voice memos about your post graduate job search to: [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson and edited by Marc Filippino. It was produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market. Mentioned in this podcast: US links security guarantees for Ukraine to peace deal ceding territory Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps Israel retrieves remains of last hostage in Gaza Big Tech’s borrowing spree raises US bond market fears Send your voice memos to: [email protected] Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration’s immigration enforcement agency faces growing backlash after federal agents fatally shot a second protester in two weeks, and Trump teases his pick for the US’s next Federal Reserve chair. Plus, UK Prime Minister Keir Starmer goes on the charm offensive in Beijing, and why the US is investing in rare-earths companies. Mentioned in this podcast: Trump faces growing backlash against immigration crackdown after shooting BlackRock’s Rick Rieder surges ahead in race to chair Federal Reserve Keir Starmer prepares for his Chinese charm offensive US to invest $1.6bn into rare earths group in bid to shore up key minerals Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Intel shares slide 12 per cent as supply constraints limit growth, and Trump’s “Board of Peace” is dividing the US’s allies. Plus, Iran’s government is seizing properties and businesses after protests rocked the country, and Victoria Craig unpacks next week’s meeting of the Federal Reserve.  Mentioned in this podcast: Intel shares slide 12 per cent as supply constraints limit growth  Iran seizes properties and businesses in crackdown after unrest Who wants to join Donald Trump’s ‘Board of Peace’? Fed chair gender reveal post Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump has dropped his tariff threat on Greenland, and the FT’s Derek Brower explains how Trump has navigated the World Economic Forum in Davos. Plus, EU lawmakers have postponed the ratification of a trade deal with the Mercosur group of South American economies, and US Supreme Court justices appeared sceptical of Donald Trump’s efforts to sack Federal Reserve governor Lisa Cook. Mentioned in this podcast: Greenland latest: Trump rules out using force but calls for ‘immediate negotiations’ Trump’s Greenland pivot puts Europe in a bind Howard Lutnick heckled at Davos dinner as Christine Lagarde walks out EU lawmakers vote to delay Mercosur trade pact over legal concerns Supreme Court justices express scepticism over Donald Trump’s attempt to sack Fed’s Lisa Cook Berkshire Hathaway considers selling $7.7bn stake in Kraft Heinz Credit: World Economic Forum, Supreme Court of The United States Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT’s Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine.  Mentioned in this podcast: Dollar and US stocks fall as Trump says ‘no going back’ on Greenland bid Could Europe really leverage its $12.6tn pile of US assets? Netflix highlights industry competition as it seeks Warner Bros deal approval The Chinese suppliers that could decide the drone war in Ukraine Credit: Reuters Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China has registered its lowest number of births since records began. European governments weigh up options to bring down the high cost of their state pensions? Saudi Arabian banks borrow at record pace. Plus, Chinese EV carmakers have their eyes on the UK. Mentioned in this podcast: China registers lowest number of births since records began China’s GDP grows 5% in 2025 as exports offset weak domestic outlook Can Europe still afford its generous state pensions? Josh Gabert Doyon: https://www.ft.com/josh-gabert-doyon Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Clare Williamson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As Europe considers retaliation measures to US President Donald Trump’s tariff threat to NATO allies that oppose his Greenland-takeover bid, Denmark seeks to bolster its own relationship with the Arctic island. Plus, the US capture of Venezuela’s president has boosted demand for Latin America political risk cover. And, geopolitics is the topic du jour at the World Economic Forum in Davos, Switzerland. Mentioned in this podcast: EU readies €93bn tariffs in retaliation for Trump’s Greenland threat Denmark’s development bank has ‘huge appetite’ to invest in Greenland, CEO says Nicolás Maduro ousting boosts demand for Latin America political risk cover Behind the Money podcast: Davos’ fight for relevance  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.  Credit: NBC, White House, World Economic Forum Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU is proposing a new way to allow Ukraine to join the bloc, and it was the best year for US investment banks since 2021. Plus, a look into the iron ore market and the role China is playing in it, and a preview of the World Economic Forum in Davos.  Mentioned in this podcast: EU ‘membership-lite’ plan for Ukraine spooks European capitals Jamie Dimon warns Trump administration’s attacks on Fed could boost inflation China’s state iron ore buyer flexes muscles in talks with global miners Behind the Money podcast: Davos’ fight for relevance  FT subscription sale here. Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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 Donald Trump has not ruled out military action in Iran and Japan’s Prime Minister Sanae Takaichi plans to call a snap general election. Plus, Donald Trump’s “unpredictable” policies have prompted bond giant Pimco to diversify away from US assets, and US banks push back against Trump’s credit card cap plans.  Mentioned in this podcast: Donald Trump says he has received assurances ‘killing in Iran is stopping’ Japan’s Sanae Takaichi to call snap election Donald Trump’s ‘unpredictable’ policies to fuel multiyear shift from US, Pimco says Wall Street hits back at Trump credit card cap plans FT subscription sale   Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Two former senior executives at the collapsed subprime car lender Tricolor Holdings pleaded not guilty to fraud and financial crime charges, and Microsoft is pledging to “pay its way” for its AI data centres. Plus, US inflation stayed at 2.7 per cent in December, and we’ll talk about what Balderton Capital’s early investment in Revolut can teach us about venture capital investment.  Mentioned in this podcast: Tricolor executives plead not guilty to charges stemming from collapse Microsoft vows to ‘pay its way’ as it seeks to defuse data centre backlash US inflation stays at 2.7% in December Billions from a million: the London VC that hit the jackpot with Revolut FT subscription sale   Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Michael Lello and Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT’s Robert Armstrong explains what could come next in US President Donald Trump’s crackdown on the Federal Reserve.  Mentioned in this podcast: UBS boss Sergio Ermotti plans to step down in April 2027 Paramount threatens proxy fight in battle for Warner Bros Discovery What is behind the criminal investigation into Jay Powell? Former Fed chiefs attack DoJ probe into Jay Powell FT subscription sale   Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jay Powell, and civil unrest continues to threaten the Islamic regime in Iran. Plus, earnings season kicks off this week with the bank results. Mentioned in this podcast: US prosecutors investigate Jay Powell over revamp of Fed headquarters Iran warns US against intervention Wall Street headed for best investment banking year since pandemic FT subscription sale Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.  Source: Federal Reserve, White House Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is a repeat of an episode published on Swamp Notes, a sister podcast of the FT News Briefing on January 9, 2026. Subscribe to Swamp Notes on Apple, Spotify, Pocket Casts or wherever you listen. After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention. Mentioned in this podcast: Trump really wants Greenland US says using military is among ‘options’ to acquire Greenland How the US’s audacious operation to capture Nicolás Maduro unfolded Sign up for the FT’s Swamp Notes newsletter here Swamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.  The FT does not use generative AI to voice its podcasts. CREDIT: Roll Call, CNN, Democracy Now! Hosted on Acast. See acast.com/privacy for more information.

Glencore and Rio Tinto resume mining megamerger talks, protests in Iran over economic conditions are the largest in years, and the US trade deficit narrowed to its lowest level since 2009. Plus, is there a right way for chief executives to exit a company?  Mentioned in this podcast: Glencore and Rio Tinto resume talks on mining megadeal Iran protests spread to neglected hinterlands US trade deficit slides to lowest level since 2009 in October Art of the exit: is there a right way for CEOs to quit? CREDIT: Reuters  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US wants to control Venezuelan oil sales ‘indefinitely’ but the ‘catastrophic’ state of the Latin American nation’s crude facilities presents several hurdles. Plus, President Donald Trump banned institutional investors from buying single-family homes, and the UK and France pledged to deploy troops to Ukraine as part of sweeping US-backed security guarantees. Mentioned in this podcast: US seeks to control sales of Venezuelan oil ‘indefinitely’ The ‘catastrophic’ state of Venezuela’s oil facilities Donald Trump moves to ban institutional investors from buying single-family homes France and UK commit to deploying troops under proposed Ukraine peace deal Credit: CNBC Television Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Leading asset managers are positioning for a sharp sell-off in US technology stocks, Venezuela’s government has launched a crackdown after the US captured Nicolás Maduro, and the Trump administration is meeting with executives from US oil majors to discuss its strategy for Venezuela. Plus, the FT’s Joe Leahy explains how US involvement in Venezuela could affect China.  Mentioned in this podcast: Fund managers prepare for ‘reckoning’ in US tech sector Venezuela launches wave of repression after US seizure of Nicolás Maduro US oil tankers sail towards Venezuela as risk of production ‘collapse’ looms China’s influence in US backyard tested by Nicolás Maduro’s downfall Note: The FT does not use generative AI to voice its podcasts    Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello.The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ousted Venezuelan president Nicolas Maduro pleaded not guilty to narco trafficking charges, and smaller private investors are eager to invest in Venezuelan oil. Plus, Chinese carmarkers are expected to increase exports this year, and we’ll look at how south-east Asia has been riding out Trump’s tariff storm.  Mentioned in this podcast: Maduro pleads not guilty to drug-trafficking charges in New York court What is Trump’s plan for Venezuelan oil? Ex-Chevron executive seeks $2bn for Venezuelan oil projects Chinese car exports set to jump as domestic sales cool How south-east Asia is riding out Trump’s tariff storm Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Kaye Wiggins, Gavin Kallmann, and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 Donald Trump has warned Venezuela’s defacto leader she must meet America’s demands following Nicolas Maduro’s capture. We explore what Trump hopes to achieve in the Latin American country, and the challenges ahead for its people and resource-rich oil industry.  Mentioned in this podcast: Trump topples Maduro and vows to ‘run’ Venezuela in stark display of US power Donald Trump warns Venezuelan rulers as Washington prepares to dictate policy Washington plans to put oil at the heart of Venezuela’s future Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Emily Goldberg. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.  Read a transcript of this episode on FT.com Source: White House, NBC, CNN Espanol Hosted on Acast. See acast.com/privacy for more information.

Financial Times columnist Gillian Tett predicted that the Magnificent 7 tech stocks were not going to fall, but they wouldn’t ride a lot higher either in 2025. What actually happened was a bit of a mixed bag, and Gillian says that sets these companies up for diverging paths in 2026. The era of an artificial intelligence tide lifting all boats seems to be drawing to an end.  Mentioned in this podcast: Forecasting the World in 2025  Forecasting the world in 2026 Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe’s banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT’s US national editor and columnist Edward Luce predicted America’s president would not fall out with one-time “first buddy”, billionaire Elon Musk in 2025. He explains why they could form a new kind of alliance in 2026.   Mentioned in this podcast: AI forecast to put 200,000 European banking jobs at risk by 2030 Forecasting the World in 2025  Forecasting the world in 2026 Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.  Credits: The White House, Fox News, CBS, AP Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s Europe editor Ben Hall thought there would be a Ukraine peace deal in 2025. Despite lots of back and forth over ceasefire proposals, an agreement has yet to materialise. The negotiations reveal a lot about the relationship between the west and Russia. Can the countries come to an agreement in 2026? Mentioned in this podcast: Forecasting the World in 2025  Volodymyr Zelenskyy calls for 50-year US security guarantee for Ukraine Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 Donald Trump hosted Ukraine’s leader at Mar-a-Lago for high-stakes peace talks but failed to reach a breakthrough. Plus, FT markets columnist Katie Martin predicted that in 2025, the bond market would creak but not break. She explains why it held up and whether that will continue in 2026.  Mentioned in this podcast: Trump and Zelenskyy talks fail to deliver breakthrough on Ukraine peace deal Forecasting the World in 2025  Unhedged podcast Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kent Militzer. Additional help from Adam Samson and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.  Credit: White House Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets correspondent, about the incredible resilience of the US stock market, and the challenges ahead. Also, they go long boring companies and short KPop Demon Hunters.  Subscribe to Unhedged to hear more. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at [email protected]. This is a repeat of an episode published on Unhedged, a sister podcast of The FT News Briefing, on Dec. 11, 2025 Hosted on Acast. See acast.com/privacy for more information.

The French pioneer of European integration Jean Monnet believed that Europe would be ‘built in crisis’. The war in Ukraine is putting this theory to the test, once again. Gideon discusses with historian Timothy Garton Ash how European leaders are responding to this latest crisis after the brief ‘holiday from history’ that followed the fall of the Berlin Wall.  Subscribe to The Rachman Review. Clip: ITV Note: The FT does not use generative AI to voice its podcasts  This is a repeat of an episode published on The Rachman Review, a sister podcast of the FT News Briefing, on Nov. 20, 2025 Hosted on Acast. See acast.com/privacy for more information.

When international private equity groups first entered Japan at the turn of the 21st century, newspapers criticised them as vulture funds and politicians steered clear of public contact. Today, it’s a different story. Dozens of buyout groups have set up in the country and the establishment is courting them. The FT’s Tokyo correspondent David Keohane and Tokyo bureau chief Leo Lewis explain why there’s been a shift, and how private equity’s presence may rejuvenate Japanese corporates. Clips from Toho The FT does not use generative AI to voice its podcasts. This is a repeat of an episode published on Behind The Money, a sister podcast of FT News Briefing, on November 26, 2025. Follow Behind the Money on Acast, Apple Podcasts, Pocket Casts or Spotify. Hosted on Acast. See acast.com/privacy for more information.

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents. It’s been another turbulent year in UK politics. Prime Minister Keir Starmer has faced down rebellions from within his own party, overseen scandals and sackings, and delivered a constant barrage of bad news from health and housing to small boats and the Budget. He’s fared a little better on the world stage – with successful state visits, securing a comparatively competitive trade deal with Trump, as well as a tentative rapprochement with Europe. But with every international success, Starmer’s standing domestically seems to diminish: he ends the year, on some measures, as the most unpopular PM ever. In this special live episode of Political Fix, host George Parker is joined by Anna Gross, Stephen Bush and Chris Giles to analyse how the Labour party got here – and where it goes next. This is a repeat of an episode published on Political Fix, a sister podcast of FT News Briefing, on December 12, 2025 To listen and subscribe to more episodes, find Political Fix on your favourite platform by clicking here! Hosted on Acast. See acast.com/privacy for more information.

How much do we really know about ageing? For decades, scientists have been trying to understand the biology of the ageing process - what happens to our bodies as we get older? And is it possible to slow that process down or even stop it all together? In this series of Tech Tonic, the FT’s Hannah Kuchler and Michael Peel look into the past, present and future of longevity - the wellness movement focused on extending and bettering your quality of life. Episode 1 follows Hannah as she speaks with UCL professor David Gems about the history of ageing research, and then with longevity researcher Matt Kaeberlein to discuss how the industry has developed - including current drugs that could have anti-ageing effects. Plus, Michael visits the Reviv clinic in London where he experiences, first hand, the growing consumer interest in the longevity craze.  To listen to the rest of the series, find Tech Tonic on your favourite podcast platform by clicking here! Clips: @DaveAspreyBPR, @drjoshaxe, @HealthCoachKait, Hevolution, Pom, Purina, Garnier, 4G antioxidants, @ChrisWillx, @lexfridman, ABC News, C-Span, CBS, ITV This Morning, Wired UK, The Dissenter, Will Tennyson The FT does not use generative AI to voice its podcasts. Hosted on Acast. See acast.com/privacy for more information.