FT News Briefing

UK Chancellor John Healey has dropped his strongest hint yet of higher taxes on banks, and Anthropic secured a credit rating one notch below investment grade earlier this year. Plus, investors are losing confidence that revenues from the AI boom will be sufficient to support the vast debt piles financing data centres. Mentioned in this podcast: Healey signals Budget bank tax raid Anthropic secured highest junk credit rating in June Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO Investors dump data centre bonds as AI borrowers face ‘Darwin moment’ Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Mischa Frankl-Duval Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our video producer is Zachary Alfred. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our…

Ukrainian President Volodymyr Zelenskyy criticized US President Donald Trump in an interview with the FT, US inflation jumped to 3.7% and leaked emails reveal that Freshfields law firm considered a carve-out of itsAI unit that would be worth billions. Plus, leading AI labs are responding to the alleged bugging incident at OpenAI and salmon producers are changing up the diet for their fish. Mentioned in this podcast: Ukraine to resume strikes on Russian refineries, Zelenskyy says US inflation jumps to 3.7% as Iran war drives up prices Freshfields partners explore carve-out of AI unit worth ‘billions’, leaked emails reveal US arrests Saudi employee of OpenAI for allegedly bugging its offices He linked Saudi Arabia to Silicon Valley. Then OpenAI found a bug wrapped in toilet paper Salmon producers start feeding chicken to fish Want to get in touch? Email us at podcasts@ft.com 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…

France’s far-right leader Marine Le Pen is gearing up for a fight with the EU if elected president next year, investors in Accenture cannot decide if AI will be an existential threat or an incredible boost, CoreWeave is chasing insurers’ vast pools of capital, and the US Treasury has fined Bank of America more than $1bn for “egregious and continued” money laundering and sanctions violations. Plus, can Saudi Arabia stop the Houthis? Mentioned in this podcast: France’s Marine Le Pen gears up for fight with EU Will Accenture survive or thrive in the age of AI? CoreWeave targets ‘unlimited’ insurance money to fund AI build-out Bank of America fined $1.2bn over money laundering failures Military briefing: can Saudi Arabia stop the Houthis? Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. Our video producer is Zach Alfred. Our show is…

The IMF is warning that the world’s leading economies need to take “urgent” action to rebuild their public finances, Pakistan is stuck in a tricky place as its ally Saudi Arabia fights off the Houthis, and Mark Zuckerberg says Meta has caught up with rivals at the “frontier” of AI. Plus, a number of elections in Europe could fundamentally shift the EU, and the UK has imposed new sanctions on Iran over a security incident at a RAF base. Mentioned in this podcast: Top economies heading for biggest budget deficits since Covid, IMF warns Pakistan’s hard choice on Saudi Arabia’s war Riyadh defiant as Houthis launch new missile strikes on Saudi Arabia Mark Zuckerberg says Meta has reached AI ‘frontier’ The election supercycle set to drag Europe right UK imposes new sanctions on Iran over RAF Fairford incident India’s Narendra Modi faces ‘bitter pill’ as Cockroach protests mount Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is…

The Iran-backed Houthis have struck Riyadh airport in Saudi Arabia multiple times this week, US president Donald Trump claims an “energy ceasefire” between Russia and Ukraine, and AI companies are pulling back new debt issuance. Plus, US bank earnings this week suggest the good times may be over. Mentioned in this podcast: US threatens to block arms for Ukraine over attacks on Russian refineries Ukraine’s allies vow to pressure Moscow as Trump claims ‘energy ceasefire’ in place Missile strike on Riyadh airport kills 12 and injures hundreds Houthis show military reach with deadly missile strikes on Riyadh AI borrowing slows as investors grow wary of debt binge Wall Street’s record-breaking trading streak set to cool Want to get in touch? Email us at podcasts@ft.com Subscribe to the FT: ft.com/briefingsale 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 editor is Marc Filippino. Our show is mixed by Sam…

SoftBank founder Masayoshi Son is seeking to raise as much as $100bn from Gulf investors to further his massive bet on AI, the Flydubai co-pilot who tried to hijack a flight to Tel Aviv expressed misogynistic views online, and Donald Trump has said Washington will not strike Iran ahead of the US midterm elections. Plus, two Latvian men allegedly trespassed at a UK military base, and two crypto groups with links to a Trump family-backed company are embroiled in a $141mn legal battle. Mentioned in this podcast: SoftBank seeks $100bn from Gulf to expand massive AI bet The online life of the Flydubai attacker Donald Trump says US ‘will not be attacking Iran’ before midterm elections Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz EasyJet doubles winter flight cuts amid rising costs Two Latvian nationals arrested on suspicion of trespass at RAF base Crypto companies linked to Trump-backed firm in $141mn legal battle Want to get in touch? Email us at podcasts@ft.com Note: The FT does…

Oil executives expressed their appetite for investing in the Middle East despite the war, the conflict has blown a near-£12bn hole in Britain’s public finances, and big investors are “bottom fishing” among beaten-down assets, including Italian bonds and corporate debt. Plus, China is building data centres at rapid speed across Inner Mongolia and a measure of credit risk at Elon Musk’s SpaceX rose to a record high. Mentioned in this podcast: Oil majors look beyond Middle East war to access region’s vast reserves Iran war blows near-£12bn hole in Britain’s public finances Big investors ‘bottom fish’ in Eurozone bond markets after France sell-off China races to build AI data centres across energy-rich hinterland SpaceX credit risk jumps on worries over its borrowing spree Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. Our show is…

Paramount Skydance is tackling a huge pile of debt following its takeover of Warner Bros Discovery, oil tanker captains are being paid rates equivalent to $100,000 a month for travelling through the Strait of Hormuz, and the UK’s tax authorities probed Manchester City in 2018. Plus, the battle for control of the $265bn Tata Group hinges on India’s motorbike billionaire, and Brussels is considering taxing big US tech companies through a broad levy on large corporations. Mentioned in this podcast: Debt in the spotlight as Paramount closes $111bn deal for Warner Bros Ships’ captains paid $100,000 a month to transit Strait of Hormuz HMRC opened probe into Man City’s tax affairs in 2018 India’s motorbike billionaire steering tussle at Tata Brussels looks to capture Big Tech through tax on large corporations Want to get in touch? Email us at podcasts@ft.com 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…

A sharp rise in US government borrowing costs this year is bleeding into the corporate debt market and Hong Kong’s de facto central bank questioned HSBC on why its new AI hub would be established in Singapore. Plus, Brazil’s currency, stocks and bonds jumped after rightwing presidential candidate Flávio Bolsonaro won a first-round victory, and insurers are preparing for multimillion-dollar claims stemming from AI agents going “rogue”. Mentioned in this podcast: Surge in borrowing costs hits corporate America Brazil’s markets surge as investors bet on Flávio Bolsonaro election win France: between the bond market and the barricades Insurance claims to test Altman and Amodei liability for ‘rogue’ AI Hong Kong quizzes HSBC over Singapore AI hub decision Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. Our show is mixed by Sam Giovinco…

Tory leader Kemi Badenoch will solidify her role at the head of the party during this week’s conference, and corporate dealmaking was on the decline last quarter after the collapse of mega-deals. Plus, Estonia is moving troops to its border with Russia and Israel’s prime minister Benjamin Netanyahu’s government supports aggressive settler expansion in the run-up to the country’s elections. Mentioned in this podcast: Dealmaking slowdown threatens early end to M&A boom Estonia shifts troops closer to Russia in ‘active defence’ push Israelis rush to get new settlements past ‘starting line’ before election Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. 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…

We're bringing you a recent episode from our fellow FT podcast, Unhedged. Over the summer, the FT held a revamped version of its stock picking game – think fantasy football for the global equity markets. Some 13,000 people took part – a shocking number considering how unfashionable active fund management has become in the real world. Katie Martin and Rob Armstrong invite their FT Money colleague Nathan Brooker, who runs the competition, to discuss the psychology of stock picking, and whether it has a future in real life. Plus, Nathan shorts holiday spoilers, Katie shorts pesky kids, and Rob throws active investors some love. The FT’s next stock picking game launches on Monday October 5. Entry is free to all FT subscribers aged 18 or over. Registrations will remain open for a number of weeks after the launch date. To participate, go to: https://stockpickinggame.ft.com 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…

UK Prime Minister Andy Burnham’s government is searching for a British alternative to Palantir, and Russian President Vladimir Putin has instructed his military leaders to abandon the rules of war, according to intelligence intercepted by Kyiv. Plus, Eurozone borrowing costs surged, and Brazil’s election pits the leftwing incumbent against a rightwing former president’s son. Mentioned in this podcast: Andy Burnham searches for UK alternative to Palantir Putin has told military leaders to abandon rules of war, Zelenskyy says Eurozone borrowing costs surge in global bond rout US sanctions Kremlin-backed fintech A7 for allegedly assisting Iran Scandal and succession in the House of Bolsonaro Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael…

One pilot of a flight from Dubai to Tel Aviv stabbed the other and attempted to crash the aircraft. An FT analysis reveals US Big Tech companies have an outsized influence in Brussels. Plus, RSM, one of the world’s largest accounting firms, is exploring a possible initial public offering, and Nike is struggling to compete in China. Mentioned in this podcast: What we know about the Flydubai flight to Israel Big Tech out-lobbies European companies in Brussels Auditor RSM explores IPO to ward off private equity-backed rivals How Nike fell off the pace in China Want to get in touch? Email us at podcasts@ft.com 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 editor is Marc Filippino. 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…

UK businesses react to Prime Minister Andy Burnham’s speech to the Labour conference, US and French bonds are in hot water, and could an American ban on diesel exports backfire? Plus, US President Donald Trump has dismissed calls for stricter AI regulation, in a show of dominance over tech executives who he summoned to the White House. Mentioned in this podcast: UK bosses left in dark by Burnham and Healey’s emphasis on ‘cost of business’ Donald Trump held crunch talks on diesel export US 30-year Treasury yield hits highest since 2002 Vanguard warns France is ‘long-term degrading credit’ as yields rise Donald Trump says US tech bosses agreed to ‘self-regulation’ of AI risks Anthropic warns of ‘existential risks to humanity’ in IPO prospectus OpenAI axes next model citing safety issues Credit: CNBC Want to get in touch? Email us at podcasts@ft.com 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 editor is…

UK chancellor John Healey has told the Labour Party conference that the economic conditions enjoyed by New Labour are “simply not there now”, Nvidia has held talks with insurance companies about shouldering the risks of lending against its chips, and oil prices and US Treasuries are locked in their tightest relationship since the first Gulf war in 1990. Plus, an oil field project in the Falkland Islands has put even more pressure on its relationship with neighboring Argentina, and Japanese convenience store chain FamilyMart has enlisted global pop megastar Lady Gaga to help offset the country’s acute labour shortage. Mentioned in this podcast: Burnham to set out plan to break ‘politics as usual’ by tackling UK’s biggest issues Blair-era money is ‘not there now’, Healey warns Labour Nvidia turns to insurers to spread the risk of AI buildout Nvidia launches record $150bn share buyback Oil price and US Treasury yields in tightest relationship since 1990 Oil raises the stakes in Argentina’s push against the…

UK Prime Minister Andy Burnham returns to the Labour conference to sell his vision, EU countries are considering a Nato-style joint response to Russia’s hybrid war, and foreign investors have been buying up Panama’s debt despite social unrest and threats from US President Donald Trump. Mentioned in this podcast: ‘Hope again’: Burnham returns to Labour conference to sell his vision EU countries consider Nato-style joint responses to Russian hybrid attacks Foreign investors bet Panama can shrug off social unrest and Trump threats Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. 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…

Xi Jinping said the US and China should avoid being drawn into a “conflict” in remarks at the White House, and Brussels has warned Britain needs to raise tariffs on Chinese cars if it wants to avoid barriers that would hit crucial exports. Plus, dozens of foreign officials walked out of the UN General Assembly as Israeli Prime Minister Benjamin Netanyahu began his address, and the FT’s Kate Duguid explains what the bond market sell-off means for US mortgage rates and the health of the economy. Mentioned in this podcast: Xi Jinping says US and China must ‘coexist in peace’ in historic White House visit US mortgage rates breach 7% as affordability pressures mount EU urges UK to raise tariffs on Chinese cars to avoid ‘made in Europe’ barriers Subway rival bets hot sandwiches will sell in UK’s ‘cold and rain’ Credit: United Nations, White House Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya…

US Treasury yields soared on Wednesday, Iran’s President Masoud Pezeshkian said Tehran was prepared to negotiate with the US, and the FT’s Sam Fleming explains why the UK budget is in a tight spot. Plus, billions of dollars of Rosneft’s foreign earnings were funnelled through a Kremlin-backed money-laundering network, and Syria’s search for justice for Assad-era crimes could spark more unrest. Mentioned in this podcast: US Treasury yields soar most since ‘liberation day’ tariffs shook markets Treasury open to smaller fiscal headroom to reduce tax hikes The FT’s Budget dashboard: the data confronting Chancellor John Healey Rosneft billions fed Kremlin-backed money laundering network Syria: a dangerous search for justice Crime and punishment in the Middle East Credit: PBS Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc…

Donald Trump and Xi Jinping will discuss a potential extension of their trade war truce this week, UK Prime Minister Andy Burnham met Trump for the first time, and the cost of hiring an oil supertanker has passed $1.2mn a day for the first time on routes between the Middle East and Asia. Plus, billionaire financier Todd Boehly has secured the backing of the US government and Gulf power brokers with ties to the Trump family to bid for the international assets of Lukoil. Mentioned in this podcast: What happened to the US’s China hawks? What Xi Jinping wants from his summit with Donald Trump Donald Trump rejects ‘globalist scheme’ in blow to Andy Burnham’s plan for AI guidelines Oil tanker costs hit record $1.2mn a day as Iran war disrupts shipping US government and Gulf billionaires back Todd Boehly bid for Lukoil assets Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova,…

Standard Chartered, Citigroup and other international banks have handled billions of dollars from a Kremlin-backed fintech company that tricked its way into the global financial system, and Polymarket is lobbying to win over European financial watchdogs. Plus, Germany’s election might impact the EU’s budget. Mentioned in this podcast: Kremlin-backed forgery scheme moved $6.9bn through global banks Polymarket starts European lobbying blitz to win over financial watchdogs Merz’s woes cast doubt over EU’s €2tn budget Philippines’ ube export ban threatens end of purple patch Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. 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…

German chancellor Friedrich Merz faces a crisis of confidence as exit polls show his party missed the threshold for representation in Mecklenburg-Vorpommern. The right-wing Alternative for Germany won there instead. Plus, Volkswagen is getting the boot from the Eurostoxx50 index. And Georgia’s Senator Jon Ossoff attempts to revitalise moderate politics in the upcoming US midterms. Mentioned in this podcast: German chancellor Merz vows to stay on despite ‘disaster’ in regional elections Jon Ossoff’s Georgia race stirs talk of 2028 US presidential audition Volkswagen ejected from European blue-chip index in blow to crisis-hit carmaker Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts Until 28th October you can save on a standard annual digital subscription at ft.com/briefingsale The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and…

The Venezuelan government and the country’s opposition are close to reaching an agreement to transfer the central bank’s gold reserves, critics are scrutinising donations to UK Reform by crypto billionaires Ben Delo and Christopher Harborne, and Glencore has suspended one of its senior executives in the wake of an escalating scandal. Plus, OpenAI’s listing delay raises stakes for SoftBank’s $50bn data centre IPO. Mentioned in this podcast: Venezuela nears deal to move $4bn gold reserve to New York Reform UK’s mega-donor backed a friend’s libel claim. Now he controls her home Glencore suspends senior executive in review of ties to iron ore trader OpenAI’s listing delay raises stakes for SoftBank’s $50bn data centre IPO Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin…

The Federal Reserve has raised rates for the first time since 2023, and the EU has asked China to restrict exports of hybrid cars as part of a deal to prevent a trade war. Plus, AI has revolutionized warfare. Mentioned in this podcast: Federal Reserve defies Donald Trump with first rate rise since 2023 EU asks China to voluntarily limit car exports Von der Leyen to paint EU as the only port in a global geopolitical storm AI is transforming warfare. But not making it easier to win Credit: Federal Reserve Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, 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…

US and Chinese experts meet to discuss mitigating AI risks despite an ongoing tech rivalry, and US megadonors are largely backing Republicans in this midterm election season. Plus, Prime Minister Mark Carney strikes out on his pitch for a “unique alliance” between Canada and the EU, and the Dangote Petroleum Refinery is expected to be Africa’s biggest IPO. Mentioned in this podcast: Can the US and China work together on AI risk? US billionaires line up to bankroll Republicans’ election push EU rebuffs Mark Carney’s ‘unique alliance’ with Canada The $1.6bn IPO that could draw millions of Nigerians to the stock market Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, 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…

Tech stocks fell yesterday as markets reacted to ongoing talk of an AI apocalypse, industrial America is contending with a fresh wave of supply chain inflation, and foreign investors are now buying more US stocks than government bonds. Plus, China has implemented sweeping new controls on overseas travel for Chinese citizens. Mentioned in this podcast: US manufacturers hit by fresh burst of supply chain cost inflation Ten-year Treasury yield hits 5% for first time since 2023 Foreign investors prefer US stocks to Treasuries as debt worries grow Why delaying an AI doomsday would benefit investors too China tightens control of overseas travel in sweeping new law Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our…

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries transited it, and the FT’s Zehra Munir explains how protesters cancelled a data centre project in Virginia. Mentioned in this podcast: Warsh and Trump on collision course as investors expect Fed to raise rates Scott Bessent fails to break ‘fever’ in US bond market Russia strikes Ukrainian train line moments after foreign dignitaries pass The civil war in Data Centre Alley Subscribe to the FT: ft.com/briefingsale Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter…

US long-term borrowing costs surged to their highest level in more than two decades, and Gulf foreign ministers plan to meet their Iranian counterpart to negotiate a deal temporarily managing shipping through the Strait of Hormuz. Plus, Brics – the developing world’s answer to the G7 – meets this weekend during a unique moment of opportunity to remake the global order. Mentioned in this podcast: Global bond sell-off reignites as oil jumps to $107 Iran and Gulf states to meet in push for Hormuz deal Houthis capture Red Sea port in blow to Saudis Virgin Media O2 owners target £600mn in cost cuts Time for the Brics Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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…

US government bond yields jumped to their highest level in almost three years, and the Japanese yen has strengthened this week. Plus, the IMF ditched a top candidate for chief economist at the last minute, and AI is writing the playbook for venture capital. Mentioned in this podcast: US Treasury yields jump as plans for $6bn buybacks disappoint investors ‘I am the house now’: Bessent warns currency traders not to bet against yen IMF ditched top candidate for chief economist job over Trump tariff remarks Moonshot capitalism: AI rewrites the venture capital playbook The Dorchester hotel to sell Qatari sheikh’s car over unpaid £460,000 bill Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, 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…

Anthropic declined to submit its latest model to Britain’s AI Security Institute for testing before release, Greece wants to become the next hedge fund hub, and crude prices jumped to nearly $100 a barrel after the US launched fresh strikes on Iranian oil tankers. Plus, as DeepSeek’s valuation climbs to more than $70bn, investors are clamouring to get a piece of the Chinese AI company through a secondary market. Mentioned in this podcast: Anthropic withheld latest AI model from UK testing agency How Greece is wooing hedge funds DeepSeek fundraising frenzy spawns costly shadow market Oil nears $100 as US launches new strikes on Iranian tankers ‘Mini-livers’ offer a new spin on regenerative medicine Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael…

Chinese tech giant Huawei faces a US racketeering trial. Bankers for Anthropic and OpenAI push for top-tier credit ratings. Plus, the EU signals greater openness to mega mergers. Mentioned in this podcast: Was Huawei’s rise built on crime? A US jury will decide Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, Saffeya Ahmed, and Mischa Frankl-Duval. Our show was mixed by Breen Turner. Additional help from Michael Lello, Peter Barber and David da Silva. Our executive producer is Manuela Saragosa and 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.

Alternative for Germany (AfD) is projected to surge to first place in regional elections in Saxony-Anhalt, John Ternus faces his first test as Apple CEO, and the US and Ukraine held talks on how to end the conflict with Russia. Plus, defence officials think Europe isn’t deterring Moscow’s “hybrid” war. Mentioned in this podcast: Far-right AfD surges in German state elections John Ternus’s first test at Apple: selling a $2,000 foldable iPhone Trump envoys hold talks with Zelenskyy in Kyiv after meeting Putin in Moscow Europe failing to deter Russia’s ‘hybrid’ war, warn defence officials Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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,…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…

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 podcasts@ft.com 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…