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Tesla said its quarterly profit fell by more than a quarter, Sequoia Capital's chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, and UK inflation unexpectedly held steady at 3.8 per cent in September. Plus, the Trump administration has been quietly suppressing climate change data. Mentioned in this podcast:Tesla profits drop more than a quarter despite record salesSequoia COO quit over Shaun Maguire's comments about MamdaniUK inflation unexpectedly holds steady at 3.8% in SeptemberThe costs of Trump's campaign to censor climate scienceSave 40% on a standard annual digital subscription: ft.com/briefingsale Today's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and Gavin Kallmann. 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.
Netflix shares fell as a dispute with Brazilian tax authorities cut into its profits, Unilever said it has delayed the spin-off of its €15bn ice cream division because of the US government shutdown and gold had its worst day in more than a decade yesterday. Plus, critics are questioning whether South Africa's Black empowerment policies are really paying off.Mentioned in this podcast:Netflix shares drop as Brazil tax dispute hits profitsUnilever's €15bn ice cream spin-off delayed by US government shutdownGold tumbles 6% in biggest sell-off since 2013South Africans question future of Black empowerment policiesSave 40% on a standard annual digital subscription: ft.com/briefingsale Today's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera 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.
European governments have rallied behind Ukrainian President Volodymyr Zelenskyy and are rushing to secure a deal on the use of Russia's frozen assets, a coalition deal in Japan paves the way for Sanae Takaichi to become the country's first female prime minister, and Amazon Web Services experienced a major outage on Monday. Plus, Marc Rowan, chief executive of Apollo Global Management, has said Europe is “at war with itself” over financial regulation. Mentioned in this podcast:Europeans rush to Volodymyr Zelenskyy's defence after tense Donald Trump meetingApollo's Marc Rowan says ‘at war with itself' over finance regulationAmazon says cloud services recovering from widespread outageJapan coalition deal paves way for Sanae Takaichi to become first female PMToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michela Tindera, 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.
Big investors are cutting back their exposure to riskier corporate debt, the IMF doled out some advice to the US and the UK, and China's economy remained mired in deflation last month. Plus, Turkey's business community is being rattled by an anti-corruption drive that has swept up hundreds of companies.Mentioned in this podcast:Big investors scale back risky bond exposure after storming rallyIMF warns US must tackle its yawning deficitIMF urges UK to stick with two official economic forecasts every yearChina's consumer prices fall as deflationary pressures persistCrackdown or capital grab? Turkey state fund controls 1,000 businessesEmail Marc your questions about US politics: Marc.filippino@ft.comToday's FT News Briefing was produced by Lucy Baldwin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. 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.
Gideon talks to Taipei-based policy analyst J Michael Cole about how the Taiwanese are handling the threat of invasion from Beijing. Clips: APT News; RTI English.Free links to read more on this topic:TSMC's stock market rally is a triumph of need over fearTaiwan accelerates ‘T-dome' missile plan against China threatTaiwan backtracks on chip export curbs to South Africa after China spatTaiwan becomes largest importer of Russian naphthaSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The leaders of Goldman Sachs, JPMorgan Chase and Citi warned that investor exuberance risked driving financial markets into bubble territory, and US investors are hunting for private data as the federal government shutdown is blocking the release of crucial reports. Plus, silver hit a record on Tuesday, and investors are facing a growing concern that European defence start-ups are oversaturating the market. Mentioned in this podcast:Banks caution over bubble as they report bumper profitsUS government shutdown leaves traders ‘flying blind' on jobs dataSilver price hits record amid scramble in London marketInvestors confront top of European defence start-up ‘hype cycle'Today's FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. 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.
Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the world are facing criticism for a widely used monetary tool. Mentioned in this podcast:Donald Trump says Israel and Hamas have agreed first phase of Gaza peace planUS demands EU dismantle green regulations in threat to trade dealChina launches customs crackdown on Nvidia AI chipsThe populist shadow hanging over central banks and QEThe FT News Briefing has been nominated for Signal's listener's choice award for best Daily Podcast. Vote for us here! Today's FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Lucy Baldwin, and Marc Filippino. Our show was mixed by Alex Higgins. 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.
Gideon talks to former White House official and Middle East expert Philip Gordon about Donald Trump's plan for a peaceful end to the Gaza conflict. What are the chances that it can succeed and what are the main stumbling blocks? Clip: TRT WorldSteve Witkoff and Jared Kushner join Israel-Hamas talks in EgyptWhat remains of Gaza?Trump goes mainstream on the Middle EastHow Donald Trump's Gaza deal came togetherSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Jean-Marc Eck and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China's start-up scene, in addition to assets across emerging markets. Mentioned in this podcast:UBS fund holds 30% exposure linked to First BrandsWhy carmakers are falling back in love with petrolGlobal investors stage cautious return to Chinese start-upsEmerging markets roar back with biggest stock rally in 15 yearsThe FT News Briefing has been nominated for Signal's listener's choice award for best Daily Podcast. Vote for us here! Today's FT News Briefing was produced by Fiona Symon, Ethan Plotkin, and Marc Filippino. Additional help from Kelly Garry 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.
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused companies lose out.Mentioned in this podcast:EU to curb Russian diplomats' travel as suspected spy attacks mountOpenAI targets 10% AMD stake via multibillion-dollar chip dealFrance in fresh political and market turmoil after prime minister resignsMultinationals race ahead as dollar slump divides US stock marketToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Lulu Smyth. Additional help from Alexander Higgins, 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.
Sales of Chinese electric-car maker BYD fell for the first time in 19 months in September, the US government shutdown is not likely to affect interest rates, and a fresh bout of jitters is shaking Argentina's financial markets. Plus, a nascent solar revolution is taking hold in Africa's largest oil-producing nation, Nigeria. Mentioned in this podcast:BYD monthly sales fall for first time since early 2024US government shutdown unlikely to prompt deeper Fed cutsArgentine assets hit by fresh selling amid worries over US bailoutSolar shines in the rush for power in Africa's largest petrostateThe FT News Briefing has been nominated for Signal's listener's choice award for best Daily Podcast. Vote for us here! Today's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Gary, 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.
The US government has shut down after Democrats and Republicans failed to agree on a spending deal before the October 1 deadline, and Sir Keir Starmer has tried to revive his floundering premiership by urging his Labour party to launch a “patriotic” fight against Nigel Farage's Reform UK. Plus, US President Donald Trump is launching a direct-to-consumer drug sales programme, and Spotify is appointing co-CEOs to replace Daniel Ek. Mentioned in this podcast:Donald Trump announces direct-to-consumer ‘TrumpRx' drug sales programmeWhat happens if the US government shuts down?Starmer urges Labour to launch ‘patriotic' fight against ReformSpotify CEO Daniel Ek to step down as music streamer splits roleListen to Political Fix here: https://podfollow.com/975569919 The FT News Briefing has been nominated for Signal's listener's choice award for best Daily Podcast. Vote for us here! Today's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, 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.
Gideon interviews Britain's deputy prime minister David Lammy at the Labour Party conference at a meeting hosted by the Tony Blair Institute. They discuss how the Starmer government, which has had a tough first year in office, can turn things around, as well as the Gaza peace plan, ties with the Trump administration and how to fight 'the politics of grievance'. Clip: Keir StarmerFree links to read more on this topic: Starmer urges Labour to launch ‘patriotic' fight against ReformHow Donald Trump's Gaza deal came togetherTrump goes mainstream on the Middle East‘Lost the plot': Tony Blair's Gaza role prompts incredulity — and some hopeSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman Hosted on Acast. See acast.com/privacy for more information.
Elon Musk's business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise taxes in the Budget. Plus, the euro's biggest rally since 2017 has further to run, Wall Street banks are predicting. Mentioned in this podcast:Elon Musk hit by exodus of senior staff over burnout and politicsVideo games maker Electronic Arts strikes $55bn deal to go privateLabour refuses to rule out manifesto-breaking tax risesEuro's rally has further to run, Wall Street banks predictThe FT News Briefing has been nominated for Signal's listener's choice award for best Daily Podcast. Vote for us here! Today's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, 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.
BNP Paribas has relaxed a policy that blocked it from financing “controversial weapons”, US debt investors have raised the alarm over lax lending standards in credit markets, and Italy is considering a freeze in its retirement age of 67. Plus, Singapore and Hong Kong want to become major players in the gold market. Mentioned in this podcast:BNP Paribas drops pledge not to finance ‘controversial weapons'US debt investors raise alarm over lending standardsItaly weighs freezing its retirement age at 67Singapore and Hong Kong shoot for place in gold firmamentUntil 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, 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.
Gideon talks to Matt Duss, former adviser to Senator Bernie Sanders and executive vice-president of the Washington-based Center for International Policy. They discuss recent curbs on free speech, former president Joe Biden's foreign policy mistakes, and how identity politics has been used to distract voters from the ever widening gap between rich and poor. Clips: DRM News; ForbesFree links to read more on this topic: Jimmy Kimmel hits out at ‘anti-American' threats to free speech as show returnsInside Disney's decision to bring back Jimmy KimmelAmerica's accelerating exit from itselfSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The Federal Reserve has cut interest rates for the first time this year and China is banning its tech companies from buying AI chips made by Nvidia. Plus, how did the Swiss National Bank become one of the world's top investors in US tech? Mentioned in this podcast:Federal Reserve cuts rates by quarter point and signals more to comeChina bans tech companies from buying Nvidia's AI chips Switzerland's US tech ‘whale' Protesters against Trump state visit march through London Credit: ReutersToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. 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.
Gideon talks to former Lithuanian foreign minister Gabrielius Landsbergis about Russia's recent drone incursion into Polish airspace. What message should Europe and Nato take from this? How worried are the Baltic states about a possible expansion of Vladimir Putin's war aims? And how vulnerable are they to attack? Clips: BBC, BFBSFree links to read more on this topic: What is Vladimir Putin's game plan against Nato's eastern flank?Russians lose internet access as Ukrainian drones hit close to homeBaltic states know Russian occupation is never temporaryMoscow holds Ukrainian children at hundreds of sites across RussiaEurope turns to Ukrainian tech for ‘drone wall' against RussiaPresented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Lisa Cook can remain a Federal Reserve governor for now, the US and China seem to be making progress in their trade talks, and the US and UK promised to boost financial ties ahead of a state visit by President Donald Trump. Plus, Gen Z is toppling governments across Asia.Mentioned in this podcast:Lisa Cook can stay at Fed ahead of rates decision, appeals court rulesUK and US pledge to boost financial ties ahead of Trump state visitDonald Trump signals US and China have struck TikTok dealThe Gen Z revolution spreading in AsiaToday's FT News Briefing was produced by Fiona Symon and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. 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.
Conservative political activist Charlie Kirk was shot dead, military analysts are worried about Nato's response to a Russian drone attack, and US drugmaker Merck has scrapped a £1bn London research centre. Plus, investors have raised a record amount this year off “Bowie bonds”. Mentioned in this podcast:Donald Trump ally Charlie Kirk shot dead in UtahWhat is Vladimir Putin's game plan against Nato's eastern flank?Merck slams UK as it scraps £1bn London drug research centre‘Bowie bonds' go mainstream as Wall Street chases returnsEmail Swamp Notes with your questionsToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova and Sonja Hutson. Additional help from Kelly Garry 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.
Gideon talks to journalist Anshel Pfeffer about Israel's ‘strongman' Prime Minister Benjamin Netanyahu. They discuss how his ‘brazen disregard' for international norms has helped him to cling to power, but also left him at the mercy of more and more extreme forces in Israel. This episode is an edited recording of an event organised by Intelligence Squared that took place in central London earlier this month. Clips: LBC; CNN; BBCFree links to read more on this topic:Israel unbound: was Qatar a strike too far?EU moves to freeze some funding to Israel over war in GazaIsraeli annexation of the West Bank would be ‘red line' for UAENetanyahu's disastrous plan to take control of GazaSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US annual jobs numbers get a revision, and Israel is intensifying its fight against Hamas. Plus, there's a brand new copper mining conglomerate, and South Korean companies have been cutting corners to bring workers to the US. Mentioned in this podcast:US hiring growth revised down by 911,000 jobs in year to March Israel launches attack on Hamas in Qatar Anglo American and Tech Resources to create $50bn mining giantKorean companies admit cutting corners on US visas but say they have little choiceMacron appoints ally Sébastien Lecornu as France's prime ministerToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Sonja Hutson. Additional help from Kelly Garry, David da Silva and Gavin Kallmann. 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.
Lloyds Banking Group will put thousands of its staff at risk of dismissal, and Indonesians are angered over the widening inequality in their country. Plus, MEPs in the European parliament are unhappy with the EU-US trade deal, and the FT's John Foley explains what artificial intelligence has to do with the outcome of Google's antitrust case. Mentioned in this podcast:Thousands of Lloyds staff face axe in performance overhaul European parliamentarians attack EU-US trade deal and demand changesGoogle shares jump after judge refrains from ordering break-upIndonesian rage over MPs ‘opulent lifestyle' reflects deep economic discontentGoogle dodges a bulletToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Victoria Craig, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. 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.
Gideon talks to Albanian academic Lea Ypi about her book Indignity. In the book, she describes how living first under the Ottoman empire, then as part of fascist Italy and later in a post-war communist state affected the lives of her grandparents. They discuss possible parallels between the first half of the 20th century and the times we are living in today and ask what lessons can be drawn from this history to avoid making the same mistakes. Clip: AQSHFFree links to read more on this topic:Kant and the case for peaceAlbania's ‘old sheriff' on course to win fourth term as prime ministerWhy the EU's migration dilemma is pushing the bloc further rightSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast:European banks push for lower cross-border hurdlesUS stocks fall as bond sell-off spills into equitiesEurozone inflation rises to 2.1% in AugustPound falls as UK long-term borrowing costs hit highest level since 1998Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today's FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, and David da Silva. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.
Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close.Mentioned in this podcast:Ursula von der Leyen's plane hit by suspected Russian GPS interference Israeli banks plan giveaways after anger over wartime profitsThe Chinese gadget maker taking on Tesla and AppleToday's FT News Briefing was produced by Josh Gabert Doyon, Marc Filippino, Persis Love, Fiona Symon and Manuela Saragosa. Additional help by David da Silva. Sound engineering by Jean-Marc Eck. 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.
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.Mentioned in this podcast:Beijing turns against Nvidia's AI chip after ‘insulting' Lutnick remarksTarget shares drop as retailer picks insider to lead turnaround driveUK inflation rises more than expected to 3.8% in JulyWill a 3-minute battery swap beat a 5-minute charge for China's EV drivers?Today's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. 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.
Gideon discusses the outcome of the recent Alaska and Washington summits with Alexander Gabuev, director of the Carnegie Russia Eurasia Center. Has Russia emerged as a clear winner? What can be achieved without more pressure on Vladimir Putin? How effective would western security guarantees be to prevent future Russian aggression?Clip: Sky NewsFree links to read more on this topic:Ukraine talks expose Trump's dreadful attention to detailDonald Trump says US could play role ‘by air' in Ukraine security guaranteeDonald Trump says US to ‘co-ordinate' Ukraine's security with Europe‘Stab in the back': Kyiv reels as Trump embraces Putin's termsSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design by Breen Turner. The executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up? Mentioned in this podcast:Jay Powell to deliver Jackson Hole address under fire on multiple frontsUS tech stocks hit by wave of concerns over future of AI boomHow Novo Nordisk lost its lead in the weight loss raceLabubu frenzy sends Pop Mart profits soaringToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our 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 floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT's Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds. Mentioned in this podcast:Trump floats US security guarantees for Ukraine in meeting with ZelenskyyFrench borrowing costs close in on Italy's as investors fret over debtsDonald Trump tariffs threaten Narendra Modi's ‘Make in India' driveSoho House agrees $2.7bn take-private dealSoftBank to buy $2bn in Intel shares as it grows US investmentsToday's FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Gavin Kallmann. Our 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.
Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being buoyed by diplomatic law. Plus, the FT's Jamie Smyth explains why the US shale boom may be over after a decade-long run. Mentioned in this podcast:UK companies in China buoyed by diplomatic thawUS oil producers say Opec ‘price war' will halt shale boom Initial tax data allays fears of non-dom exodus from UKSign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today's FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, and Gavin Kallmann. Our 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 Trump administration has hit India with 50% tariffs. And just after a short military conflict between India and Pakistan, President Trump played host to Pakistan's army chief of staff at the White House. Gideon discusses what this means for India and for the region with Tanvi Madan, author of a noted history of the US-India relationship. Clip: WION. Weekend Festival linkFree links to read more on this topic:Donald Trump tariffs threaten Narendra Modi's ‘Make in India' driveHow Pakistan wooed Trump — and rattled IndiaNarendra Modi tells Indian farmers he will ‘never compromise' in face of 50% US tariffsIndia's Russian oil conundrum: yield to Donald Trump or face tariff backlashPresented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Manuela Saragosa.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The White House walks back expectations for Friday's meeting between the US and Russian presidents, and Norway's oil fund is pulling its money out of Israel. Plus, inflation stayed flat in the US in July, and storm-hit beach towns are struggling to shore up amid sand scarcity.Mentioned in this podcast:White House downplays expectations for Trump-Putin Alaska summitUS inflation holds steady at 2.7% in July despite Trump's tariffsNorway oil fund sells out of a fifth of Israeli firms amid fierce criticismCan the world's beaches survive a sand shortage?Crypto founder Do Kwon pleads guilty to US fraud chargesToday's FT News Briefing was produced by Fiona Symon, Katya Kumkova, Michaela Seah, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, and Gavin Kallmann. Our 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.
EU leaders will hold a call with US President Donald Trump ahead of his meeting with Russian leader Vladimir Putin, and the Mexican peso has emerged as an unlikely winner from Trump's trade war. Plus, Trump has opened the door to Nvidia selling advanced AI chips to China, and the FT's Kathrin Hille explains what's next for Taiwan after the country's failed recall vote. Mentioned in this podcast:EU leaders to hold call with Trump ahead of Putin meeting over UkrainePeso soars as ‘carry trade' reignites after tariff delaysTrump opens door to Nvidia selling advanced AI chips to China for a feeWhy Taiwanese fear China could take over from withinToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our 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.
UK employers cut back hiring over labour and tax cost fears, and Ukraine and its European allies worry about US President Donald Trump's summit with Russian President Vladimir Putin. Plus, HSBC is weighed down by woes in the Hong Kong commercial property market, and India's huge IT sector is scrambling to counter the threat of artificial intelligence. Mentioned in this podcast:UK employers cut back hiring over labour and tax cost fearsDonald Trump to meet Putin in Alaska as he signals Ukraine may need to cede landEuropean allies back Ukraine's borders after Donald Trump floats land swap with RussiaHSBC flags 73% of Hong Kong commercial property loans as riskyIndia's IT services giants race to reinvent themselves for the AI ageToday's FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, Fiona Symon, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. 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.
This week on the Economics Show, we're bringing you an interview with Ray Dalio, from our foreign affairs podcast, the Rachman Review. It originally broadcast on July 3.Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBS Read more:Is Donald Trump's ‘big, beautiful bill' a political curse for Republicans?Fears over US debt load and inflation ignite exodus from long-term bonds Donald Trump's big, beautiful act of self-harmThe fall in the dollar is not scary Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips. Hosted on Acast. See acast.com/privacy for more information.
European companies are falling behind US counterparts and CoreWeave's takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year. Mentioned in this podcast:European earnings lag behind US as trade war saps market revivalCoreWeave's $9bn takeover of Core Scientific faces revolt from top shareholdersBCG consultants modelled relocating Gazans to SomaliaThe covert trip by Iranian nuclear experts to RussiaEmail Swamp Notes your questions: marc.filippino@ft.com Today's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
Zbigniew Brzeziński was one of the most influential statesmen of the cold war. But many of the geopolitical problems he wrestled with in Russia, China and the Middle East, have returned with a vengeance. Among his many prescient ideas, ‘Zbig' as he was known, predicted that American hubris might lead to an ‘alliance of the aggrieved' between Russia, China, Iran and North Korea. Gideon discusses his life and legacy with FT colleague Ed Luce, who has written an acclaimed biography of the Polish-born strategist. Clip: Voice of AmericaFree links to read more on this topic:A new cold war with China won't help the USThe World of the Cold War — timely reading in an age of US, Russia and China tensionsThe last grand strategists: what Brzezinski and Kissinger could teach TrumpKing of Kings — the 1979 revolution that changed Iran and the worldSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Jean-Marc Eck and the executive producer is Manuela Saragosa.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir's skyrocketing stock is raising concerns that it's overvalued. Plus, OpenAI released a new “open-weight” model, and Russia's banks are coming under scrutiny over bad loans.Mentioned in this podcast:Trump readies fresh sanctions against Russia's shadow fleetRussia moves to contain concern over banks' bad loan exposurePalantir's valuation is a triumph of ‘number go up'OpenAI releases open models to compete with China's DeepSeekToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US President Donald Trump wants to raise tariffs on India and the CEO of Deutsche Bank approved a controversial trade he was later tasked with probing. Plus, Australia wants a port they sold to China back, and Tesla's board gave chief executive Elon Musk $30bn worth of shares after threats from him to resign. Mentioned in this podcast:Donald Trump to raise tariffs on India over Russian oil purchasesDeutsche Bank chief approved controversial trade he was later tasked with probingThe remote Australian port caught in a US-China security tussle Tesla board awards $30bn of shares to ‘energise and focus' Elon MuskToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The FT's US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany's biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil's judiciary, and consumers are cutting back on luxury brands. Mentioned in this podcast:Dollar rebound fizzles after jobs data disappointsGermany's biggest sports retailer considers moving production into ChinaLula seizes Trump tariff threat to revive re-election pushBrazil vows to defend supreme court against Donald Trump's onslaughtLuxury brands hit by drop in tourist spending in Europe and Japan Today's FT News Briefing was produced by Fiona Symon, Sonja Hutson, Ethan Plotkin, Jess Smith, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies. Mentioned in this podcast:Apple revenues jump on strong iPhone sales and rebound in ChinaTrump reimposes tariffs on dozens of countriesUkraine restores independence of anti-corruption agenciesSamsung's $16.5bn Tesla deal will test chipmaker's hopes for revival Today's FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
Israel has demonstrated its capacity to strike at its enemies far and wide since the Hamas attacks of October 7 2023. But what will it do with this military dominance? The FT's Charles Clover puts this question to Palestinian historian Yezid Sayigh. They discuss the weakness and instability of neighbouring Arab states and how the Netanyahu government's moves to prevent Palestinian statehood represent the biggest threat to peaceful coexistence in the region. Clips: France 24; Channel 4 NewsFree links to read more on this topic:Has Gaza tested the limits of Donald Trump's support for Benjamin Netanyahu?UK to recognise Palestinian state unless Israel ends Gaza crisisIsrael's quiet war in the West BankThe world is failing the Palestinian peopleGaza: a war without end?Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Charles Clover. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The potential US-China trade war truce depends on US President Donald Trump's approval, and a UN-backed food security group says a famine is unfolding in Gaza. Plus, China's AI expo gives the international community an alternative to American technology, and the IMF's new global growth forecast reflects that the fall of the dollar has lessened the impact of Trump's trade war. Mentioned in this podcast:US says extended trade war truce with Beijing hinges on Trump approval‘Worst-case scenario' of famine unfolding in Gaza, says global hunger monitorChina lays out its AI vision in foil to Donald Trump's ‘America First' plan IMF upgrades global growth forecast as weaker dollar aids world economyCredit: FoxToday's FT News Briefing was produced by Sonja Hutson, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
Humans have never been healthier or better fed. We're living longer, but having fewer children - and many countries' populations are now shrinking. Gideon discusses these trends with demographer Nicholas Eberstadt. Have smartphones played a role in our declining fertility? How will we look after our elderly people? Is migration the answer? Clip: CBCFree links to read more on this topic:The fight to revive Europe's shrinking rural areasPopulation undercounting threatens public policy, scientists warnJapan urged to use gloomier population forecasts after plunge in birthsThe unspoken truth about the baby bustBrain ageing is the best predictor of longevity, scientists findSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachmanRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Israel's military victories have brought little comfort to Israelis who are focused on the fate of those hostages still in Gaza. Sasha Polakow-Suransky, FT executive opinion editor, talks with Dahlia Scheindlin, Israeli pollster and author of The Crooked Timber of Democracy in Israel: Promise Unfulfilled about what Israelis want. Why has widespread opposition to many of the Netanyahu government's policies so far failed to translate into political change? And why do Israelis seem unable to sympathise with the plight of the Palestinians who are also caught up in the conflict? Clips: Reuters; France 24Free links to read more on this topic:Israel strikes Syrian military headquarters in DamascusBenjamin Netanyahu's government teeters as ultra-Orthodox party quits coalitionEU weighs sanctions on Israel as concerns mount over Gaza aid dealInside Gaza's ‘death traps'Israel's quiet war in the West BankSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Sasha Polakow-Suransky. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK's vision for the financial services sector, and Nissan's hybrid technology launch in the US. Mentioned in this podcast:EU budget shake-up to shift billions to eastern states Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week' Rachel Reeves to hail fiscal ‘stability' and City risk-taking in Mansion House speech‘E-power': the hybrid tech Nissan is counting on to conquer the USToday's FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The UK government passed its welfare reform bill after making concessions, and Hong Kong's stocks are beating out mainland China's. Plus, Eurozone inflation rises to 2 per cent, and Europe turns to France to process rare earths.Mentioned in this podcast:Starmer guts UK welfare reforms to avoid Commons defeatHong Kong's bull market leaves China behind Eurozone inflation rises to ECB's 2% targetEuropean companies look to France for domestic rare earths sector Today's FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Fiona Symon. Additional help from Kelly Garry and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US stocks almost hit record highs amid possible de-escalation in the Middle East, and Johns Hopkins University professor Vali Nasr analyses Iran's future. Plus, the US Federal Reserve chair signalled no interest cuts this summer, and US states are sending delegates to the EU for advice on green policy. Mentioned in this podcast:Israel-Iran latest: JD Vance declares era of new Trump foreign policy doctrineThe war that will remake Iran's Islamic republicIran at the precipiceJay Powell pushes back on calls for Federal Reserve rate cuts as soon as JulyRachman Review podcastUS states send delegates to EU for advice on green policyToday's FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Russia's war-time economy is slowing down, and the EU is negotiating a trade deal with the US to keep some tariffs in place. Plus, the Bank of England votes to hold interest rates steady, and a UN official describes violence at aid distribution sites in Gaza. Mentioned in this podcast:Russia on brink of recession, says economy ministerEU weighs UK-style trade deal with USBank of England warns of weakening jobs market as it holds ratesHow Gaza's food queues turned into kill zonesToday's FT News Briefing was produced by Fiona Symon, Josh Gabert-Doyon, and Ethan Plotkin. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.