POPULARITY
After more than three years, and 153 episodes, this is the final Working It podcast. Isabel Berwick gathers three colleagues (and friends) to discuss what they've learned about the world of work since the show first launched. So please, if you will, join Isabel, Andrew Hill, Emma Jacobs and Anjli Raval in the kitchen for a slice of ‘Working It' cake, and a heartfelt goodbye to the podcast.Subscribe to the Working It newsletter here.Presented by Isabel Berwick, produced by Mischa Frankl-Duval, mixed by Simon Panayi. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT's head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
More than 30mn Americans are subject to non-compete agreements, which temporarily bar them from working for rival companies if they leave their jobs. These clauses were meant to protect trade secrets and client relationships at banks, tech companies, and similarly flashy organisations – but they now affect tens of millions of Americans, including in low-paid jobs. The US Federal Trade Commission last week voted to ban non-compete agreements – but will its decision stick? Isabel Berwick speaks to Amelia Pollard and Anjli Raval, who have covered the issue for the FT, to find out.Want more? Free links:Millions of workers are caught in a ‘non-compete' trapEmployee non-compete agreements barred by US regulatorBan on non-compete agreements sends shockwave across Wall StreetPresented by Isabel Berwick, produced by Mischa Frankl-Duval, mixed by Simon Panayi. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT's global head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Most people think of loyalty as a good thing, but in a professional context, being too devoted to an employer can have damaging consequences. Disengaged workers who don't leave their jobs will hardly make the best ambassadors for a company; longstanding employees might run out of fresh ideas; and some research shows loyal employees are less likely to cover up wrongdoing at their firms. Isabel Berwick speaks to Jeremie Brecheisen, Gallup's managing partner for the Emea region, about the company's annual ‘State of the Workplace' report, which showed more than half of employees worldwide are looking to change jobs. Isabel also speaks to FT management editor Anjli Raval, about the downsides of workplace loyalty.Want more? Free links:Why staff loyalty is not always a good thingToo much loyalty does neither the company nor the employee much goodPresented by Isabel Berwick, produced by Mischa Frankl-Duval, mixed by Simon Panayi. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT's head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
THE Leadership Japan Series by Dale Carnegie Training Tokyo, Japan
I was reading an article by Anjli Raval in the Financial Times about the transition for CFOs to the CEO job. She quoted a survey by Heidrick & Struggles which showed a third of CFOs in the FTSE 100 firms became the CEO. This is up from 21% in 2019. Raval makes an interesting observation, “research shows that CEOs promoted from the CFO job do not drive top-line revenue growth as quickly as those from other backgrounds, particularly in the first few years”. Why is that the case? The article offers a few reasons about these promoted CFOs having a “cash-preservation mindset over a drive to pursue new opportunities”. Also, as the CFO, they had been making tough budget allocation decisions which had not been popular with their division head colleagues. Now they are the boss, but not everyone is happy about it. As Yogi Berra said, “Leading is easy. It is getting people to follow you, which is hard”. That skill set isn't taught to people trained in finance and accounting. Analytical people, in general, are not particularly people focused. They are focused on the numbers and protecting the cash flow. Nothing is wrong with that but the leader's role is different. They need a defined set of skills and usually they are promoted to CEO, but given no training on the areas where there are bound to be gaps. Sales skills are not part of their academic curriculums and usually nothing they have ever done themselves. If you are the boss of an organisation with a salesforce, then your accounting credentials count for nothing. No one in sales will take you seriously as having any opinion worth regard. Salespeople are a tough crowd. They are self-sufficient, robust, resilient, self-made in their careers based on their success in selling solutions to buyers. From their point of view, someone who just counts up the numbers, but has never sat across from thousands of ornery buyers, won't command much respect. Fancy degrees and letters after your name are irrelevant to salespeople. If the new CEO wants to get salespeople behind them, then they had better spend a lot of time with their salespeople visiting buyers and hearing firsthand how tough the profession of sales is. I am thinking back to all the CFOs I have worked with and in my experience, most of them looked down on salespeople. That attitude won't win any hearts and minds and as the boss, we need our salespeople to be fully committed and firing on all cylinders. Treating the salespeople as the great unwashed may make the new boss feel superior, but salespeople are experts at reading between the lines and summing people up very quickly. They won't be fooled. The other usual skill gap is in dealing with all different types of people. When you spend your career in technical specialty areas, there is a common language and understanding with your immediate colleagues which is not shared outside your division. Lawyers, engineers, IT people spring to mind. Their education didn't put much emphasis on communication and people skills and when they become the boss, that gap is highlighted. Does the organisation recognise that and give them any training? Usually “no”. Somehow it is imagined they will just magically transform themselves after a long career path in a box and become hale fellow well met types to the masses. I am thinking of a lawyer I know here. I see him at a lot of networking events and always wonder about what he is trying to achieve? Presumably he is looking of potential business as a lawyer. Interestingly, when I engage him in conversation, he is stiff, awkward and definitely does not make you feel welcome, comfortable or relaxed in his company. The contradiction of aims and reality is quite profound. If you make the leap from technical person to leader, then you need to work on yourself. The company might give you an Executive Coach, but unless they are experts in communication and people skills, they will just ask a bunch of deep, meaningful and searching questions and provide no answers. Very unsatisfying in my experience. Take personal accountability and get help on improving your communication skills pronto. Also, make a bigger effort to learn how to get on with people who are just not like you and never will be like you. We can't fire everyone who is different to us, as much as we may think that is a good idea. It is better to change ourselves and become more skilled in working with people than eliminating the very people we need to make the organisation a success. If we don't get the people and communciation parts right, then we will struggle to have people follow us and our time at the top with be brief.
THE Presentations Japan Series by Dale Carnegie Training Tokyo, Japan
I hesitated to use this title, because it smacks of click bait, doesn't it? To hell with it, live dangerously, I say! What flagged this question for me was an article in the Financial Times by Anjli Raval about Wall Street earnings calls. She mentioned that researchers from the University of Bergen and Said Business School analysed the question-and-answer sections of earnings calls from 2993 American listed companies between 2010 and 2019. They were looking at a term I had never heard of before, called “uptalk”. This is a common thing with women, who sometimes end their sentences with a rising intonation. It comes across as open, friendly and not being domineering or pushy. All good. However, it also can sound as if they are not convinced of what they are saying. That rising tone sounds like the statement is morphing into an unstated question conveying uncertainty. The research showed that whenever they used this uptalk element in their speech, male analysts made less buy recommendations when female CEOs were doing the earnings calls. The academics noted, “Analysts respond negatively when female executives use unexpectedly high levels of uptalk”. The study showed that this did not apply when men used uptalk in the earnings calls. Raval also captures some dilemmas facing women executives when she writes, “They must be vocal but not deemed ‘shrill'. They must be confident but not perceived as arrogant; empathetic but not so much that is shows weakness; they should smile and be enthusiastic to not appear ‘threatening' or ‘hostile' (words rarely used for male counterparts). And they shouldn't complain”. Whew. That is a tricky path to navigate for female executives. What about Japan? In my experience, there is definitely an expectation here about how women are supposed to speak. Television panels, talk shows etc., here usually feature the woman as a charming appendage to the male. He is the expert and the center of attention. Her job is to not say much, listen intently to what he is saying and make him look good. I should point out though, that sounding hesitant using “uptalk” style of speech is a fixture of the culture in Japan, for both men and women. It is a means of sounding polite, humble and non-aggressive. These are welcome attributes in a country which values social harmony. Having said that, I feel there is greater pressure on women here to restrain themselves in what they say and particularly in how forcefully they say it. Infamously, ex-Prime Minister Mori, when he headed the Japan Olympic Organising Committee, complained about women wanting to talk too much at the meetings. That caused a huge furore and very, very reluctantly, he resigned his position after holding on to it until the bitter end. What I think he was saying was that the women on the committee should sit there and listen to men like him, and say nothing. They should be guided by the senior males in the room, so their opinions weren't required. “If you need an opinion, I will give it to you” type of approach. Ex-Prime Minister Aso is also a reliable source for faux pas regarding the place of women in Japanese society. There is even a dedicated section on Wikipedia titled “Controversial Statements”. I wonder how many Japanese people listed in Wikipedia have such a dedicated section? In 2014, he talked about women who didn't give birth being “problematic”. In 2018, he said “there is no such thing as a sexual harassment charge”. January 2024, he called Foreign Minister Yōko Kamikawa, aged 70, an “obasan” or old lady, and commented that she was “not particularly beautiful”. By the way, he is 83, light years distant from being handsome and grew up with a massive array of silver spoons stuffed into his mouth. Being male, his looks don't enter into any calculations. In that same speech, he also said she was a “new star and could inspire new stars to emerge in politics”. Some serious mixed messaging going on there from Aso. So should women in Japan even bother with public speaking, given the male dominance of business here? There are many excellent foreign female speakers here like Helen Iwata, who is a friend and a graduate of our High Impact Presentations Course. She is really skilled and teaches public speaking for women. What about skilled Japanese females? I am sure they must be out there somewhere and maybe I have missed them over the last 39 years living here. In reality, I don't see many female executives giving public speeches and I am struggling to think of someone who would be a really good role model? I quoted Raval earlier on the difficulties for women to navigate the right tone when speaking. Japan is no different and perhaps even less open to the idea and certainly less tolerant as well. What we see in our classes, though, is that there is no problem for women to become excellent public speakers. That, I believe, is the difference. Regardless of gender, when we get the training, we know how to navigate all the obstacles to getting our message across. What often happens, though, is women in business are left to work it out through trial and error. In companies, men get the training quota, and the women don't. You need regular speaking spots to make that trial-and-error algorithm work. Executives in Japan just don't get to give that many speeches in a year. Also, the number of speaking spots for women here is a lot less than for men. It will take female executives a long time to work it out by themselves. I suggest women in business (actually everyone!) get the training, so they can speed things up, improve the process and secure the needed outcomes.
It's an exclusive business club with over 8,000 companies, which put environmental and social values at the heart of their work. But the B Corp badge has come under some criticism for taking on some multinational companies - some smaller businesses say that has diluted its values. We hear from Anjli Raval, who reports on what goes on inside the world's biggest companies for the Financial Times.One of the biggest growth areas for B Corps is expected to be Africa. Tahira Nizari is the co-founder of new B Corp Kazi Yetu, selling traceable products like tea and spices from Tanzania. Max Landry at Peppy - a health tech company - who specialise in underserved areas of healthcare lets us know the hoops to join the B Corp club. Jonathan Trimble, the CEO and founder of creative agency And Rising, which helps new brands with their marketing plans tells us what he wants B Corp to change. Chris Turner, Executive Director at B - Lab UK, tells us how their standards will shift in the next year.Produced and presented by Rick Kelsey(Image credit: Kazi Yetu)
The EU's top diplomat called on Monday for a pause in hostilities in order to allow aid deliveries into Gaza, and Argentine bonds tumbled after Sunday's presidential election. Plus, the FT's Anjli Raval explains why companies are struggling when it comes to weighing in on the Israel-Hamas war. Mentioned in this podcast:Argentina's economy minister Sergio Massa seeks broad coalition after first-round election winBusiness in a bind over messaging on Israel-Hamas warEU's top diplomat urges ‘humanitarian pause' in Israel-Hamas warThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Brands keep spending on TikTok despite a threat by the US to ban the social media app, KKR is looking to buy a large stake in FGS Global, and Ukraine says it's “ready” to talk to Russia about the Crimean peninsula if Kyiv's counteroffensive succeeds. Plus, the FT's Anjli Raval examines whether boomerang chief executives actually work out for their companies. Mentioned in this podcast:Brands increase TikTok ad spending despite US ban threatUkraine ‘ready' to talk to Russia on Crimea if counteroffensive succeedsKKR set to buy stake in communications group FGS GlobalBoomerang chief executives provide comfort in times of crisisThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Chris Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
When companies lay off thousands of workers at a time, how much do they think about those left behind? Sudden job cuts can sever the bond of trust between employers and their remaining workers. Host Isabel Berwick asks Sandra Sucher from Harvard Business School whether that trust can be repaired, and the FT's management editor Anjli Raval talks about research into the effects of mass lay-offs. Plus, careers expert Jonathan Black gives tips on how to make sure you are ready to face the job market. Want more?The shock of mass lay-offs is only the beginning for companiesTech workforces: how low can they go?FT subscriber? Sign up for the weekly Working It newsletter with one click, here. We cover all things workplace and management — plus exclusive reporting on trends, tips and what's coming next. We'd love to hear from you. What do you like (or not)? What topics should we tackle? Email the team at workingit@ft.com or Isabel directly at isabel.berwick@ft.com. Follow Isabel on LinkedInSubscribe to Working It wherever you get your podcasts — and do leave us a review!Presented by Isabel Berwick. Produced by Manuela Saragosa and Audrey Tinline. The sound engineer is Breen Turner.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
There's shareholder pressure not to allow directors to take on too many board seats at once, something that's been called ‘overboarding'. Non-executive directors can now find themselves voted off a board by investors if they believe a director is spreading themselves too thinly to do a good job. So how many board positions is too many? Host Isabel Berwick hears from the FT's management editor Anjli Raval and corporate governance expert Patricia Lenkov in the US, while the FT's careers expert Jonathan Black has advice on what's required to be a good board member. Want more?‘Overboarding': why it has become a hot issue for companieshttps://www.ft.com/content/c1aeaa21-1361-492d-a63d-d14d7c1a481dHow do I become a non-executive director?https://www.ft.com/content/642cc2e5-c04c-4075-9978-03eb6eb44fcaFT subscriber? Sign up for the weekly Working It newsletter with one click, here. We cover all things workplace and management — plus exclusive reporting on trends, tips and what's coming next. We'd love to hear from you. What do you like (or not)? What topics should we tackle? Email the team at workingit@ft.com or Isabel directly at isabel.berwick@ft.com. Follow Isabel on LinkedInSubscribe to Working It wherever you get your podcasts — and do leave us a review!Presented by Isabel Berwick. Produced by Manuela Saragosa and Audrey Tinline. The sound engineer is Breen Turner.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Businesses are competing to attract the people they consider the most skilled workers, but if hiring challenges can be described as a war, then the past two years have been one long battle. Host Isabel Berwick hears from Tyler Cowen, an economist and co-author of a new book called ‘Talent', about how to spot and retain the skilled recruits, and from FT management editor, Anjli Raval, about how skills shortages are affecting recruitment practices.Want more?Talent wars: why businesses have to battle to hire the best https://www.ft.com/content/e79e1497-1eb3-4ca1-bd1f-b12679e24576The global war for talent https://www.ft.com/content/61cc947c-c44c-4340-897a-8bd947227c05FT subscriber? Sign up for the weekly Working It newsletter with one click, here. We cover all things workplace and management — plus exclusive reporting on trends, tips and what's coming next. We love to hear from you. What do you like (or not)? What topics should we tackle? Email the team at workingit@ft.com or Isabel directly at isabel.berwick@ft.com. Follow @isabelberwick on Twitter Subscribe to Working It wherever you get your podcasts — and do leave us a review!Presented by Isabel Berwick. Editorial direction from Manuela Saragosa. Produced by Novel.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets. England’s NHS plans to share patient records with third partieshttps://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?US companies amass political funding cash pile after Capitol riothttps://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631Climate change: oil producers face costly transitionshttps://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?Cost of breakfast up by a third since start of pandemic https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d See acast.com/privacy for privacy and opt-out information.
This week we're joined by Anjli Raval, Senior Energy Correspondent at the Financial Times. As well as being an expert commentator on energy, Anjli also covers a multitude of subjects in the FT, and recently wrote an extraordinary piece for the FT Weekend which explored many intersectional issues involved in exacerbating the COVID crisis. Link to the article here: https://www.ft.com/content/0e63541a-8b6d-4bec-8b59-b391bf44a492. We dissect these issues, before moving on to whether Energy companies will be able to trainsiton successfully. Rory Sullivan discusses a gulity pleasure I think we all enjoy in his book of the week: https://www.google.co.uk/books/edition/Schadenfreude/LMpWDwAAQBAJ?hl=en Please feel free to connect with any of the hosts on LinkedIn or Twitter Anjli Raval: https://twitter.com/AnjliRaval or @AnjliRaval Rory Sullivan: https://www.linkedin.com/in/rory-sullivan-73188418/ Adam Matthews: https://www.linkedin.com/in/adam-matthews-84926b31/ David Hickey: https://www.linkedin.com/in/david-hickey-cfa-05633526/
Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell. Shell executives quit amid discord over green pushft.com/content/053663f1-0320-4b83-be31-fefbc49b0efc?As thousands of small coffee shops shut, Starbucks’ boss is bullishft.com/content/ab959c91-7ef2-44d7-bf8c-d03718ae5393US to shift burden from banks in overhaul of money laundering lawsft.com/content/498493c4-a138-4e5d-b926-a86ae317b8f4Suga launches $294bn stimulus to boost Japan’s coronavirus recoveryft.com/content/2c927471-849c-4635-8844-31b12b91b613 See acast.com/privacy for privacy and opt-out information.
US president-elect Joe Biden has warned that the country’s ability to handle Covid-19 could be hampered if Donald Trump does not allow a smooth transition of power, AirBnB published the prospectus for its long-awaited stock market listing on Monday, and the secretary general of the Basel committee of regulators has argued that shareholder payouts should remain on hold until the long-term impact of the pandemic is clear. Plus, the FT’s senior energy correspondent, Anjli Raval explains why Saudi Aramco is heading to the international bond market. Biden warns ‘more people may die’ if Trump refuses to co-ordinateft.com/content/ee58360a-eca8-47aa-ac86-3665e918539aAirbnb woos investors with return to profit ahead of IPO ft.com/content/5f8aa041-3d1b-43f4-94fb-57a0639bfc76?Bank regulator calls for dividends to remain on holdft.com/content/cd06ce1a-65cd-4543-8f80-cf1d577f0c68?edit=trueSaudi Aramco to sell billions of dollars in international bondshttps://www.ft.com/content/c10dcb3b-89cf-4fc4-a1b2-bd434f79258b Lawsuit tracker: Trump’s battle faces tough test this week https://www.ft.com/content/20b114b5-5419-493b-9923-a918a2527931 See acast.com/privacy for privacy and opt-out information.
US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus pandemic in North Korea have been forced to borrow money from its government. Plus, the FT's senior energy correspondent, Anjli Raval, tells us how oil companies are surviving the pandemic shock. Register for the Energy Source talk, “Profit and Power in the Energy Industry” https://live.ft.com/Events/2020/Profit-and-Power-in-the-Energy-Industry?segmentId=b52e1504-1d03-48a4-76bc-38fb50ada64b&utm_us=JJYAAPTrump drops opposition to Microsoft bid for TikTokhttp://ft.com/content/a1162b60-977d-400c-9758-edc4aa006f72?Leading WTO candidates back US bid for dispute system reforms ft.com/content/f4830e2b-df7b-474a-8104-6336992ca193Aid groups borrow money from N. Korea in coronavirus fightft.com/content/057ec3d5-77ba-4db3-a1cc-1b2e60617094?edit=trueShell and Total escape underlying losses on strong oil tradinghttps://www.ft.com/content/5df3596c-6b42-4270-85c4-c10834e80975 See acast.com/privacy for privacy and opt-out information.
Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back the launch of its next generation of chips, and as US lawmakers wrangle over the next economic stimulus package the US jobs recovery appears to be stalling. Plus, the search for oil can cost hundreds of millions of dollars. The FT’s senior energy correspondent, Anjli Raval, explains why the industry is scaling back. Goldman touts ‘countercyclical’ trading in pitch for capital reliefft.com/content/91b19416-6f3b-4e67-a309-857a61c6d494?US labour market recovery appears to stall amid stimulus talkshttps://www.ft.com/content/c9290574-ceef-4638-baf1-d27323992129Intel warns of delays to next generation chipsft.com/content/29e02e4f-df7f-49d7-8f94-00a5af481909?The last frontier: oil industry scales back explorationhttps://www.ft.com/content/85afd43a-cb3d-4e82-88b7-1f3a77dc2acb See acast.com/privacy for privacy and opt-out information.
The US Supreme Court ruled on Monday that LGBTQ workers are protected by federal civil rights laws in a landmark anti-discrimination decision, and Europe’s young workers are among the hardest hit by a frozen labour market. Plus, the FT’s senior energy correspondent, Anjli Raval, explains why coronavirus has big oil companies, such as BP, pivoting towards clean energy. See acast.com/privacy for privacy and opt-out information.
The US stock market has erased all of its losses from 2020, the World Bank has forecast that emerging economies will shrink for the first time in 60 years, and US Congressional Democrats have responded to protests against police brutality by proposing a bill to reform police practices. Plus, the FT’s Anjli Raval will explain the cautiously optimistic moves from the oil market. See acast.com/privacy for privacy and opt-out information.
New figures show that venture capital funding in China rebounded in March after the country’s coronavirus outbreak, and Amazon has announced plans to hire 75,000 extra workers after hiring 100,000 new staff to handle coronavirus-induced demand. Plus, Anjli Raval explains why oil traders have doubts about the US-backed Opec deal to cut supply, and Rana Forhoohar argues that WeWork’s struggles illustrate what is to come in real estate markets in a post-coronavirus world. You can find Rana’s columns at FT.com/rana-foroohar See acast.com/privacy for privacy and opt-out information.
The European Central Bank will buy an additional €750bn in bonds in response to the economic and financial upheaval caused by the coronavirus pandemic. Gillian Tett and Anjli Raval explain the dramatic market swings in markets that preceded the ECB’s emergency move. Plus, we will look at the bottlenecks in the healthcare supply chain as demand grows for testing and critical care equipment. See acast.com/privacy for privacy and opt-out information.
US stocks dropped as Treasury yields touched records lows on Thursday and bank share price falls led the way, struggling Chinese ride-hailing group Didi Chuxing is suffering a further blow due to the coronavirus, and ExxonMobil says it will avoid a “beauty match” on carbon emissions as rivals set out targets. Plus, the world’s biggest oil traders slashed global demand forecasts with growth falling to the weakest levels since the financial crisis. The FT’s Anjli Raval explains how this adds pressure on Opec to cut output. See acast.com/privacy for privacy and opt-out information.
Dark money has made it way into political advertising in the UK general election, buyout group CVC Capital Partners holds talks with Fifa and Real Madrid about creating new global football tournaments and Speaker of the US House of Representatives, Uber releases its first-ever safety report and Nancy Pelosi, instructs fellow Democrats to draw up articles of impeachment against Donald Trump. Plus, the FT’s Anjli Raval breaks down Saudi Aramco’s $25.6bn IPO as Opec leaders meet in Vienna. See acast.com/privacy for privacy and opt-out information.
US Republican Senate majority leader Mitch McConnell said he would hold a trial in the Senate if the House of Representatives voted to impeach President Donald Trump, European central bankers put pressure on politicians to put limits on the mortgage market as house prices heat up, and WeWork has formally withdrawn its plan for an initial public offering. Plus, the FT’s Anjli Raval explains how oil companies such as Royal Dutch Shell are facing a dilemma as they try to move toward clean energy. See acast.com/privacy for privacy and opt-out information.
A devastating missile and drone attack on Saudi oil installations last week highlighted the vulnerability of global oil supplies to the threat of regional unrest. The attack was claimed by Houthi rebels fighting Saudi-backed forces in neighbouring Yemen, but Saudi and US officials were quick to point the finger of blame at Iran. Geoff Dyer discusses the repercussions of the attack for the region and the oil market with Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent. Contributors: Geoff Dyer, analysis editor, Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Saudi Arabia's state oil company Aramco is making a high stakes investment in India as the world’s largest crude oil exporter seeks to deepen its ties with the fastest growing energy consumer. Tom O’Sullivan discusses the proposed investment, announced by Reliance Industries chairman Mukesh Ambani, with Benjamin Parkin and Anjli Raval.Contributors: Tom O’Sullivan, deputy analysis editor, Benjamin Parkin, Mumbai correspondent, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Investors see the odds of an Argentine debt default soaring after opposition candidate Alberto Fernández’s victory in primary elections, the US yield curve flattened to levels not seen since before the financial crisis and consulting group KPMG ousted the head of its UK financial services unit after an investigation into his conduct involving messages sent on WhatsApp. Plus, the FT’s senior energy correspondent, Anjli Raval, unpacks Saudi Aramco’s first-ever earnings call in the lead up to its expected initial public offering. See acast.com/privacy for privacy and opt-out information.
Two investor resolutions at BP’s annual meeting in Aberdeen this week showed how pressure is building on oil companies to take action on climate change and chairman Helge Lund acknowleged the need to repurpose the business towards a low carbon future. Pilita Clark discusses how oil companies are responding to the climate crisis with Anjli Raval and Leslie HookContributors: Suzanne Blumsom, executive editor, Pilita Clark, business columnist, Anjli Raval, senior energy correspondent, and Leslie Hook, environment correspondent. Producers: Danielle Manning and Fiona Symon See acast.com/privacy for privacy and opt-out information.
The US is ending the waivers it granted last year to allow some countries to continue to import Iranian oil. These were introduced to avoid a damaging oil price spike when Washington reimposed sanctions after withdrawing from the nuclear deal with Iran. Philip Georgiadis talks to Anjli Raval and Barney Jopson about the likely impact of the US move.Contributors: Suzanne Blumsom, executive editor, Philip Georgiadis, FastFT reporter, Anjli Raval, senior energy correspondent and Barney Jopson, Middle East news editor. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Prime Minister Theresa May's latest Brexit deal fails in parliament, Royal Dutch Shell says it’s aiming to become the largest electricity company in the world by the 2030s and the FBI charges prominent financiers and celebrities for using cash bribes to bypass the admissions process at prominent American colleges. Plus, the FT’s Anjli Raval explains how BP lobbied against US methane rules despite its green public stance. See acast.com/privacy for privacy and opt-out information.
France has new demands that could slow Brexit talks, Nissan's chairman is arrested and Apple and semiconductor companies lead a sell-off in US trading. Plus, Anjli Raval, the FT's senior energy correspondent, explains what is behind the latest swing down in oil prices. See acast.com/privacy for privacy and opt-out information.
Saudi Arabia has shocked the world with a wave of arrests of princes, tycoons and former ministers as part of an anti-corruption drive initiated by the Crown Prince Mohammed bin Salman. Siona Jenkins discusses the lightning crackdown with Simeon Kerr, Anjli Raval and Arash Massoudi See acast.com/privacy for privacy and opt-out information.
Saudi Arabia is reconsidering plans for an international listing of shares in its state oil company Saudi Aramco, in favour of a private share sale. John Murray Brown asks the FT’s oil and gas correspondent Anjli Raval, and Alan Livsey, a Lex writer, why the change of plan?. See acast.com/privacy for privacy and opt-out information.
The elevation of Mohammed bin Salman to crown prince of Saudi Arabia has come during the worst crisis facing the Gulf region in decades. Siona Jenkins spoke to the FT’s deputy editor Roula Khalaf and energy correspondent Anjli Raval to understand how the heir apparent is likely to influence domestic and regional policies. See acast.com/privacy for privacy and opt-out information.
Saudi Arabia is preparing to lift the lid on one of the global energy industry's most closely guarded secrets - how much crude lies beneath the desert kingdom's sands. David Sheppard interviews the FT's oil and gas correspondent Anjli Raval See acast.com/privacy for privacy and opt-out information.
Saudi Arabia's deputy crown prince Mohammed bin Salman has shaken up expectations about the world's biggest oil exporter. MbS, as he's known, plans to wean the kingdom off oil and boost the private sector, slashing unemployment along the way. Ben Hall discusses the kingdom's ambitious reform plans with Anjli Raval and Simeon Kerr. See acast.com/privacy for privacy and opt-out information.
Saudi Arabia's deputy crown prince Mohammed bin Salman has shaken up expectations about the world's biggest oil exporter with his ambitious plans to wean the kingdom off its dependence on hydrocarbons. Ben Hall talks to the FT's oil correspondent Anjli Raval and Gulf correspondent Simeon Kerr about the proposed reforms. See acast.com/privacy for privacy and opt-out information.
The lifting of UN sanctions on Iran reconnects a potentially vibrant emerging economy to world markets. Siona Jenkins asks Najmeh Bozorgmehr, Tehran correspondent, Martin Arnold, banking editor, and Anjli Raval, oil correspondent, how soon the country is likely to see results. See acast.com/privacy for privacy and opt-out information.
The lifting of UN sanctions on Iran reconnects a potentially vibrant emerging economy to world markets, with the allure of a bonanza for international and local investors and a brighter future for a restive young population. The FT's Siona Jenkins asks Najmeh Bozorgmehr, Tehran correspondent, Martin Arnold, banking editor, and Anjli Raval, oil correspondent, what obstacles remain and how soon the country is likely to see results. See acast.com/privacy for privacy and opt-out information.