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FT News Briefing

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

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  • 27.07.2021
    13 MB
    09:42
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    The $30bn insurance broker deal that never came to be

    The UK government will consider loosening travel restrictions for travellers from the EU and the US, Intel will change the way it names its most advanced technology and Japanese athletes are raking in the golds at the Tokyo Olympics. Plus, Ian Smith, the FT’s insurance correspondent, explains how pressure from the US Department of Justice caused the $30bn merger between Aon and Willis Towers Watson to collapse. UK to consider relaxing travel restrictions from EU and US https://www.ft.com/content/8f7b59c7-89b5-4ca5-a0a4-7f1355fab3e0? Intel to drop names based on transistor size for advanced chip tech with west coast editor Richard Waters https://www.ft.com/content/1afe75ed-7867-447d-abb8-6eea3598b029 Aon’s $30bn acquisition of Willis Towers Watson collapses, with insurance correspondent Ian Smith https://www.ft.com/content/a6471af0-764d-49e7-87a0-dd2a2c110fd9 Tokyo Olympics Alternative medals table, with Asia business editor Leo Lewis https://ig.ft.com/tokyo-olympics-alternative-medal-table/ The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 26.07.2021
    15 MB
    10:29
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    The stock winners and losers half way through the year

    The international community is responding to the military’s protest crackdown in a variety of ways, and a look at why Nasdaq is separating its existing marketplace for private company shares into a new unit. Plus, the FT’s markets editor, Katie Martin, talks about the performance of the FT’s annual stock picking contest, thus far. US places sanctions on head of Cuban military over protest crackdown https://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306 Nasdaq: private market exchange is the next frontier, with US Lex editor Sujeet Indap https://www.ft.com/content/630ac956-c521-4973-9d14-b707fe16c5a3? FT stockpicking contest: winners and losers at the half way mark, with markets editor Katie Martin https://www.ft.com/content/1625ef6f-83d5-4a0d-8bbf-7a61b06a963b? The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 23.07.2021
    43 MB
    29:58
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    Introducing Tech Tonic: You Can’t Always Get What you Quant

    As a News Briefing special we present Tech Tonic episode 3, our FT audio deep dive into how AI is gaining a new edge in markets. If you enjoyed this episode, click here to subscribe to Tech Tonic. From picking the best stocks to listening in on earnings calls, AI-powered systems are changing finance. But how big are the rewards, really? And what are the risks? In this episode Robin Wigglesworth tells us how AI has been used in investing, what happens when programs must adapt to new risks and what the robots could learn from watching children play. Hosted by John Thornhill, innovation editor at the Financial Times, and featuring Luke Ellis (chief executive of Man Group), Ewan Kirk (founder of Cantab Capital Partners and chairman of Deeptech Labs), Andrew Ng (founder of DeepLearning.AI and co-founder of Google Brain), and Alison Gopnik (professor of psychology and affiliate professor of philosophy at the University of California, Berkeley). Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Breen Turner. Cheryl Brumley is the executive producer for this series. Original scoring composed by Metaphor Music. Review clips: Alphabet, Netflix, Amazon, Man Group. See acast.com/privacy for privacy and opt-out information.

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  • 22.07.2021
    14 MB
    09:59
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    US housing prices spark officials’ concern

    Washington and Berlin have reached a deal to resolve their longstanding dispute over the Nord Stream 2 pipeline, and Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul Northern Ireland trade rules. Plus, rising housing expenses are quickly emerging as a pivotal indicator for officials at the Federal Reserve, within the Biden administration and among private economists. EU rejects British plan to rip up Brexit deal with George Parker, political editor https://www.ft.com/content/13ad8840-a83c-4871-a877-47b7001d839b US and Germany reach truce over Nord Stream 2 pipeline with Aime Williams, US trade correspondent https://www.ft.com/content/49210a4e-17ed-4a2e-a986-4efcadc7f342 US housing inflation: the sleeping giant that might tip the Fed’s hand with James Politi, Washington bureau chief https://www.ft.com/content/efdf1845-6138-4af7-8d2b-c20df9fed218 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 21.07.2021
    13 MB
    09:42
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    Netflix gambles on gaming and podcasting

    Netflix gained 1.5m subscribers in the second quarter but lost 430,000 subscribers in the US and Canada, and UBS has launched a portfolio that invests solely in women-led hedge funds. Plus, the FT’s metals and mining correspondent, Henry Sanderson, talks about how the London Metals Exchange and the US-based CME Group are vying to capture rapid growth in demand for commodities tied to the electric car industry with new lithium futures contracts. Netflix bleeds subscribers in US and Canada with no sign of recovery with Tim Bradshaw, global tech correspondent https://www.ft.com/content/97ccbdab-6547-4d1b-bb3f-f251931901c2 UBS launches portfolio to invest in women-led hedge funds https://spark.ft.com/editor/dab5a2b3-c083-411b-b2d1-969d6bcf862b LME launches lithium contract as CME rivalry intensifies with Henry Sanderson, metal and mining correspondent https://www.ft.com/content/5ff0aaa5-a501-42a5-85f4-76537cd6c990 French app Yuka brings people power to the supermarket aisle https://spark.ft.com/editor/850d9f5c-b4ab-42d5-a53d-d25b3ae99c77? The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 20.07.2021
    12 MB
    08:43
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    US businesses in Hong Kong between a rock and a hard place

    Fears over the coronavirus on Monday contributed to European stocks’ worst session of 2021 Description: The threat of the Delta coronavirus variant hit global equity markets on Monday, and the online brokerage Robinhood is seeking a valuation of up to $35bn in its upcoming initial public offering. Plus, the FT’s South China correspondent Primrose Riordan reports that American companies are upset by the Biden Administration’s business advisory warning about the risks of operating in Hong Kong. Global markets shaken by fears over Delta variant with Mamta Badkar, US breaking news editor https://www.ft.com/content/5b2248be-8f0e-4235-ba2e-2187c96f16a6 Robinhood seeks valuation of up to $35bn in IPO with Madison Darbyshire, US investment reporter https://www.ft.com/content/ae0c41a2-0f68-4331-984a-3fd9cf8b6fc2 Companies in Hong Kong fear being crushed between China and US with Primrose Riordan, south China correspondent https://www.ft.com/content/0d56006e-2820-40b6-9643-4180146ea45f? The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 19.07.2021
    13 MB
    09:38
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    The search for a Covid supershot

    Opec and its allies have reached a deal to raise oil production in response to soaring prices, and China just launched the world’s largest carbon trading market. Plus, the FT’s global health editor, Sarah Neville, reports on scientists’ pursuit of a “supershot” vaccine to protect against all coronaviruses. Opec+ reaches deal to raise oil production https://www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7 China’s carbon market scheme too limited, say analysts, with Beijing correspondent, Christian Shepherd https://www.ft.com/content/3bcc2380-8544-4146-ba71-83944caff48d The hunt for a coronavirus super shot, with global health editor, Sarah Neville https://www.ft.com/content/7e96fa85-2392-467c-8960-0c9444180030 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 16.07.2021
    14 MB
    10:14
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    Pilita Clark’s picks for summer reading about the environment

    US retail banks cut their branch networks and trimmed headcount in the first half of the year, and Brussels' historic attempt to tackle climate change faces a wall of opposition from governments in the bloc. Plus, the FT’s business columnist, PIlita Clark, talks about her favourite summer reads about the environment. US banks close more than 250 branches in bet on digital future with Imani Moise, US banking correspondent  https://www.ft.com/content/26764d8b-9c5f-420a-901c-eaed97dda412 EU climate change plans on collision course over rising cost of emissions https://www.ft.com/content/883a676c-7370-4e42-9b3a-dcf7e898e7bd? Summer books of 2021: Environment, with Pilita Clark, business columnist https://www.ft.com/content/27aa0926-6894-4102-89dc-e006e226cd0d Manchester City’s parent company raises $650m in one of football’s biggest ever debt deals https://www.ft.com/content/c8cdc3f6-b7b9-45a9-8a87-f6e7bb5af92a The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 15.07.2021
    12 MB
    08:32
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    Artist Damien Hirst issues his own ‘Currency’

    The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into chaos, and British artist Damien Hirst yesterday launched his NFT-based project, entitled “The Currency”, that calls into question notions of worth and value and presents his buyers with a choice. Jay Powell says Fed ready to intervene if US inflation spirals out of control https://www.ft.com/content/37d57052-c2a5-4a44-8b27-9d205a2a1c50 Haiti’s ‘descent into hell’ looms closer after death of president with Michael Stott, Latin America Editor https://www.ft.com/content/81b683b8-b352-4ea6-9ce1-e0ed280245e1 Damien Hirst launches his own NFT ‘Currency’ by Jan Dalley, Arts Editor https://www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 14.07.2021
    14 MB
    09:49
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    The index of everything

    Visa and Mastercard have left open key gateways between Binance and the financial system despite rising regulatory scrutiny of the cryptocurrency, the pace of US consumer price increases accelerated unexpectedly in June. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors might be interested in an “everything index” and how close we are to getting one. Visa and Mastercard stick with Binance as regulatory scrutiny rises https://www.ft.com/content/8f2e2528-e289-4233-ba29-1bebf3b1dbdc Sticker shock: what is driving US inflation higher? With Colby Smith, US economics editor https://www.ft.com/content/aadaa577-b286-443f-b173-256dfc4af6a5 The quest for the investment Holy Grail — an index of everything with Robin Wigglesworth, global finance correspondent https://www.ft.com/content/9a9056e1-b35e-4ea7-b9f7-7668c07469ed Vanguard makes first acquisition with Just Invest deal https://www.ft.com/content/fdcdeb98-d3d8-4f95-aa5a-32fb54daea53 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 13.07.2021
    14 MB
    09:53
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    The European Central Bank focuses on climate change

    David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this week when they report second-quarter earnings, flattered by smaller-than-expected credit losses during the pandemic. Plus, Martin Arnold, the FT’s Frankfurt bureau chief, interviewed Christine Lagarde, European Central Bank president, about the bank’s plans to prioritise climate change in its policy decisions. Greensill Capital paid Cameron salary of more than $1m a year https://www.ft.com/content/536867f4-2dd3-42a1-9b29-54ed92693635? US banks enter earnings season with eyes on loan growth, with Imani Moise, US Banking Correspondent https://www.ft.com/content/8738c327-ceab-4d00-8c24-fbc44c81a0c4 ECB faces row over how to implement new strategy, Lagarde warns, with Martin Arnold, Frankfurt Bureau Chief https://www.ft.com/content/11e953df-536b-43aa-9c21-65b8dd79c797 Jump in coffee bean prices set to filter through to your morning brew https://www.ft.com/content/d4146bb5-896b-4f1f-b5f8-930cb2bfb729 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 12.07.2021
    13 MB
    09:38
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    EU’s Andreas Schwab responds to White House criticism of EU tech regulation

    The rapid spread of the Delta coronavirus variant is causing concern about Europe’s economic recovery, and the number of start-ups valued above $1bn grew rapidly in the second quarter. Plus, the FT’s EU correspondent, Javier Espinoza, interviews the influential European Union lawmaker who is steering the EU’s flagship tech regulation through Parliament and wants to target the top US tech companies. Delta variant surge casts doubt over Europe’s economic rebound https://www.ft.com/content/1f9c18cf-706c-4d9c-9764-d3c088bdc1a2 EU should focus on top 5 tech companies, says leading MEP, by Javier Espinoza https://www.ft.com/content/49f3d7f2-30d5-4336-87ad-eea0ee0ecc7b Billion dollar ‘unicorns’ hit record numbers as valuations surge, by Miles Kruppa https://www.ft.com/content/ccfc6bbd-56b6-4cef-b89d-4f88ceb7b126 Richard Branson touches the edge of space https://www.ft.com/content/bf3130f4-5f62-4f9d-941a-d1db98dc0233? See acast.com/privacy for privacy and opt-out information.

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  • 09.07.2021
    16 MB
    11:26
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    Martin Wolf's summer reading list

    The UK’s advertising watchdog says it will clamp down on misleading marketing for crypto investments, and stock markets dropped on Thursday on rising concerns about prospects for the global economy. Plus, the FT’s chief economics commentator, Martin Wolf, picks his top economics summer reads. UK advertising watchdog to crack down on misleading crypto marketing https://www.ft.com/content/19ad9810-402d-4529-89b5-732521829548? Markets enjoy blessed relief now the heavy storms have passed with Katie Martin, Markets Editor https://www.ft.com/content/80717968-7714-4ed8-b73b-029f9b1e9590 Treasuries rally and stocks drop on rising economic concerns https://www.ft.com/content/e549f4b1-f2f8-4213-8f04-679f89286c31 Summer books of 2021: Economics with Martin Wolf, Chief Economics Commentator https://www.ft.com/content/239f31cb-57a3-43d3-ab3d-d18d068f4994 Japan bans spectators at Olympics events in and around Tokyo https://www.ft.com/content/af205e68-51e3-4165-b211-d22f9c3c86c8 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

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  • 08.07.2021
    14 MB
    09:56
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    A wave of private equity buyouts in the UK prompts concern

    Former president Donald Trump is suing Facebook, Twitter and Google’s YouTube, as well as their respective chief executives, in lawsuits alleging “unlawful censorship” of Americans, the new Delta variant of coronavirus is driving up infection rates in countries across the globe, and South Africa’s president has been arrested. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why private equity firms have been targeting UK companies and how the British public is reacting. Trump sues Facebook, YouTube and Twitter over ‘censorship’ https://www.ft.com/content/86c98f3b-7d25-42b9-abf6-68b4b0839c66 Delta variant drives Spain’s Covid-19 rate to highest in mainland Europe https://www.ft.com/content/06334a7b-30cc-40bf-942b-e3bcd2efb305 LGIM warns against private equity buying Morrisons for ‘wrong reasons’ https://www.ft.com/content/9d1a6019-6571-478c-8b1f-f267bb582f0d The Rachman Review podcast: South Africa’s pivotal moment https://www.ft.com/rachman-review See acast.com/privacy for privacy and opt-out information.

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  • 07.07.2021
    12 MB
    08:55
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    What did Didi’s bankers know before the IPO?

    Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO, the Opec impasse highlights growing tensions between Saudi Arabia and the United Arab Emirates, the Pentagon cancels a highly sensitive $10bn cloud contract awarded to Microsoft, and a new report that says Viktor Orban’s government is failing to ensure the transparent use of EU funds and their independent oversight, which will embolden calls to withhold payments to Hungary. Didi caught as China and US battle over data https://www.ft.com/content/00403ae5-7565-413e-907d-ad46549375ba Pentagon cancels $10bn cloud contract awarded to Microsoft https://www.ft.com/content/7ac0e691-665f-4328-8b29-ee4883068e80 Opec impasse sees UAE ‘flexing its muscles’ against Saudi Arabia https://www.ft.com/content/baca384d-c477-4a8b-bdcd-b174317af387 Orban government not ‘reliable steward’ of EU funds, report says https://www.ft.com/content/4d79583c-f5a1-40be-93dc-cae27e6c713f? See acast.com/privacy for privacy and opt-out information.

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  • 06.07.2021
    12 MB
    08:55
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    China’s widening tech crackdown

    KKR is expanding its operations to target more takeovers in the UK, ransomware hackers hit more than 1,000 companies in what appears to be one of the largest supply chain attacks to date, and oil prices jumped to the highest level in three years on Monday after oil producers abandoned a decision over increasing oil production. Plus, the FT’s deputy Beijing bureau chief looks at why Chinese regulators are going after Chinese tech companies that recently listed in the US. KKR steps up pursuit of UK companies amid buyout frenzy https://www.ft.com/content/e5cc18cf-081d-4b68-b469-ca77935a615e? Oil hits three-year high after Opec+ abandons meeting https://www.ft.com/content/c9746fbc-7a90-4c9a-9a52-30b44475aa9a Russia-linked hackers target IT supply chain with ransomware https://www.ft.com/content/a8e7c9a2-5819-424f-b087-c6f2e8f0c7a1 China targets more tech groups after Didi crackdown https://www.ft.com/content/771f6d40-ecd2-4855-8193-d0550f1d2e3d Clubhouse discussion on Jeff Bezos’s departure from Amazon https://www.clubhouse.com/event/PrDXYYvL See acast.com/privacy for privacy and opt-out information.

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  • 05.07.2021
    35 MB
    24:36
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    Introducing Tech Tonic: Trust me, I’m a robot

    As a News Briefing special we present Tech Tonic, our FT audio deep dive into the promises and perils of artificial intelligence. If you enjoyed this episode, click here to subscribe to Tech Tonic. Tech Tonic S2 E2: Trust me, I’m a robot What does it mean for AI to augment human perception? In this episode the FT’s Madhumita Murgia takes us to a small village in rural India where AI is being used to help doctors better diagnose tuberculosis and looks at a healthcare system where it is helping patients who doctors may have overlooked. Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Sean McGarrity. Cheryl Brumley is the executive producer for this series. You heard the song Down in the Coalmine by The Ian Campbell Folk Group, as well as original scoring composed by Metaphor Music. See acast.com/privacy for privacy and opt-out information.

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  • 02.07.2021
    15 MB
    10:59
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    What the Apple Daily closure means for the free press in Hong Kong

    The world’s leading economies have signed up to a plan that looks to force multinational companies to pay a global minimum corporate tax rate of 15 per cent, economists believe that the Federal Reserve will raise interest rates by the end of 20-23, and Robinhood is targeting a valuation of $40bn or more ahead of its public offering. Plus, the FT’s Nicolle Liu explains what the closure of the Apple Daily newspaper means for the media landscape in Hong Kong. World’s leading economies agree global minimum corporate tax rate https://www.ft.com/content/d0311794-abcf-4a2a-a8a4-bcabfc4f71fa Robinhood targets $40bn valuation ahead of IPO https://www.ft.com/content/7421d913-0f77-4458-9032-59ba32c846f1? Economists predict at least two US interest rate rises by end of 2023 https://www.ft.com/content/de778e1b-3876-4999-942e-186c2a692a1a Apple Daily’s death leaves a shadow over free press in Hong Kong https://www.ft.com/content/c7aa2919-dce1-4196-8d4a-ad9f57c59c4e See acast.com/privacy for privacy and opt-out information.

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  • 01.07.2021
    13 MB
    09:31
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    How English Channel ports avoided a Brexit meltdown

    Private equity firms have broken a 40-year record with $500bn in deals that helped to propel global mergers and acquisitions activity to an all-time high, and the dominant Chinese ride-hailing company, Didi Chuxing, became the largest Chinese company since Alibaba to list in the US, and nightmarish fears of traffic jams and clogged ports after Brexit never materialised thanks to several factors. Private equity breaks 40-year record with $500bn deals https://www.ft.com/content/cd9571a3-726c-4995-9954-23a8dcf12b19? Didi shares rise on New York trading debut https://www.ft.com/content/dd7ea7fa-96c4-420c-94be-5730a284cc04 How Britain’s Channel ports avoided Brexit meltdown https://www.ft.com/content/1001c054-0cf9-4f30-a62a-c9ac91e58223 Tim Berners-Lee’s web NFT sells for $5.4m https://www.ft.com/content/0e45c25b-f66b-44d1-b662-0e7b095664f9 See acast.com/privacy for privacy and opt-out information.

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  • 30.06.2021
    14 MB
    09:47
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    Inside the secretive private equity firm behind the £6.8bn Asda buyout

    Today the UK will set out a plan for a simpler, more “nimble” post-Brexit system of state subsidies, and the Japanese conglomerate Hitachi is anticipating a wave of infrastructure spending as it bets on the US market to drive its next phase of growth. Plus, the FT’s private capital correspondent, Kaye Wiggins, investigates the low-profile investors behind the £6.8bn buyout of UK supermarket chain Asda. UK unveils post-Brexit state aid scheme to support industry https://www.ft.com/content/4206d16f-772f-4257-bdca-ca19ca049402 Hitachi targets strong US growth under Biden’s infrastructure plan https://www.ft.com/content/e9a43c04-7d89-4f71-a77a-060cc12930cc Inside the secretive private equity firm behind the £6.8bn Asda buyout https://www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907 Zaoui brothers join Europe’s emerging Spac movement https://www.ft.com/content/ae2a02ae-2af7-4a61-9c40-cf41927c3b3a? See acast.com/privacy for privacy and opt-out information.

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  • 29.06.2021
    15 MB
    10:59
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    The frontrunner to replace Angela Merkel talks the CDU and Germany’s economy

    A US judge has dismissed two antitrust lawsuits against Facebook, investors are reassessing their conviction in the reflation trade that has captivated Wall Street this year after a hawkish tilt by the US central bank inflicted losses on some fund managers, Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems. Plus, the FT’s Berlin bureau chief, Guy Chazan, spoke with Armin Laschet, leader of the CDU and frontrunner to replace Angela Merkel, about his plans for Germany’s economy and relations with China. US judge dismisses antitrust lawsuits against Facebook https://www.ft.com/content/bedb65dd-53c9-4e31-b3d7-c85a40fdb104 Reflation trade unwind wrongfoots several big-name hedge funds https://www.ft.com/content/4fc62da9-da68-4d1f-a2aa-c8a575d11920? Binance customers frozen out of withdrawals through key UK payments network https://www.ft.com/content/2d427ed7-f9e4-46cf-a4c4-46429b19df5d? FT interview: Armin Laschet on Merkel, the Greens and fiscal rules https://www.ft.com/content/e3c3e517-2c5b-49d6-a566-0f6bd896f8fe Olaf Scholz treads fine line on German thrift versus pandemic spending https://www.ft.com/content/1d6d8876-2b21-4550-ba85-443d5c20919b? See acast.com/privacy for privacy and opt-out information.

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  • 28.06.2021
    12 MB
    08:55
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    The Amazon wage effect

    The UK’s financial watchdog has ordered crypto exchange Binance to stop all regulated activities in Britain, and Denmark’s media industry is pioneering a new bargaining tactic to try and make Google and Facebook pay for news. Plus, the FT’s Andrew Edgecliffe-Johnson reports that some US companies blame Amazon’s aggressive hiring practices for the current labor shortage. Financial watchdog bans crypto exchange Binance from UK https://www.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87 Danish media club together to make US tech giants pay for news https://www.ft.com/content/c83d6b7f-ed19-4a90-a719-3bf4aedccdff? Amazon effect’ sets the tone for US workers’ remuneration https://www.ft.com/content/9e8b9727-7955-44c4-955a-73375a7a20ef UBS to let most staff mix working from home and office permanently https://www.ft.com/content/1601e314-6d6d-4014-94df-f2858ee64e8e? See acast.com/privacy for privacy and opt-out information.

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  • 25.06.2021
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    Biden strikes infrastructure deal, Bitcoin’s plunge

    US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping regulatory crackdown. Biden agrees slimmed-down $1tn infrastructure deal with senators https://www.ft.com/content/b262ed46-152d-42bd-9a6d-b70d679bb282? Fed gives passing grade to biggest US banks in stress tests https://wwwk.ft.com/content/78f53986-fefa-4208-b4ea-674052a9ca3f Bitcoin sinks below $30,000 for first time since January: https://www.ft.com/content/a53a6342-f1e3-4cfe-aab0-642434da428c Andreessen Horowitz increases crypto bets with new $2.2bn fund https://www.ft.com/content/36413e3e-7915-45c7-b4ce-ccbeac972c94? See acast.com/privacy for privacy and opt-out information.

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  • 24.06.2021
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    Meme ‘stonks’ and the market

    Read a transcript of this episode on FT.com https://www.ft.com/content/eb36b605-47d9-465a-91f8-d47a4af45fae Tech groups in Taiwan are accused of locking up migrant workers as coronavirus hits the sector, and the rapid rise in prices for raw materials has reversed a decades-long decline in the cost of solar energy. Plus, our global finance correspondent, Robin Wigglesworth, explains how financial memefication is evolving from a niche corner to grow deep roots in stock markets Tech groups in Taiwan accused of locking up migrant workers https://www.ft.com/content/4269650e-7660-4b80-b294-f81b4368784c Solar power investors burnt by rise in raw materials costs https://www.ft.com/content/2f8dd951-a1b1-410a-89dd-14728c56235d How meme lords fuelled a boom in the ‘stonk market’ https://www.ft.com/content/e3304649-7348-424e-b354-e8da1c819364 See acast.com/privacy for privacy and opt-out information.

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  • 23.06.2021
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    Why Instagram is getting filtered out

    House prices have set records in the US and parts of Europe, and the artificial intelligence-based drug-discovery platform Insilico has raised more than $255m from investors. Plus, the deputy head of the FT’s Lex column, Elaine Moore, explains why Instagram is struggling to stay relevant in today's social media landscape. House prices climb to record levels in US and Europe https://www.ft.com/content/3082fe00-cdb7-4eb9-ab2d-2309b9848114 AI drug discovery start-up Insilico raises more than $255m https://www.ft.com/content/704ced9a-dffd-49a1-a58f-46fc6dca0cd2 Too many influencers, not enough eyeballs: will boredom kill Instagram? https://www.ft.com/content/9c00219a-229a-4b82-a7c3-63000b558053 More than 5m people become millionaires despite pandemic https://www.ft.com/content/86b99144-ba71-441d-b297-ddcdc94ea7f2? See acast.com/privacy for privacy and opt-out information.

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  • 22.06.2021
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    US student athletes’ Supreme Court victory

    The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association. US medicines watchdog accused of cozy ties with Big Pharma https://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12? Covid outbreak at Chinese port exacerbates global supply chain delays https://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c? Olympic venues to cap number of spectators at 10,000 https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718a Student athletes win US Supreme Court showdown against NCAA https://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49? See acast.com/privacy for privacy and opt-out information.

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  • 21.06.2021
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    How artificial intelligence is reshaping the world

    Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence. Reflation trades pummelled as Fed shift resets markets https://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9f Digital euro will protect consumer privacy, ECB executive pledges https://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2? Tech Tonic Season 2 https://www.ft.com/tech-tonic Today's Clubhouse discussion on artificial intelligence https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Black Americans’ unease with official embrace of Juneteenth

    The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday. Bond spreads collapse as investors rush into risky corporate debt https://wwww.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410? Hong Kong-Taiwan spat threatens cross-Strait business https://www.ft.com/content/7e3845c2-7fc7-4199-8fc2-8c7cc66111ab Companies’ embrace of Juneteenth holiday rings hollow to some https://www.ft.com/content/512973a1-0adf-4f6b-91f5-e2fc33a6bb3e Ronaldo’s Coke moment signals shifting balance of power in sport https://www.ft.com/content/e11ec659-d386-47f5-b284-c6951fa45870 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Federal Reserve signals first rate rise in 2023

    Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement. Fed signals first rate rise will come in 2023 https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3 Big Tech critic Lina Khan to lead US competition regulator https://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededd Toshiba board’s chair rebuffs calls to quit over governance scandal https://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77 Podcaster turned tech investor raises $140m fund https://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Web founder Tim Berners-Lee auctions off original source code

    The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art. Tokyo Olympics will need bailout if games go ahead without spectators https://www.ft.com/3cd58c64-039e-4147-a744-af676de1691d? Airbus/Boeing deal explained: what is in it and what happens next https://www.ft.com/content/1e04dfe1-9651-4b9e-90d9-fdbd82b45253 Web inventor Berners-Lee to auction original code as NFT https://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    When Biden meets Putin

    The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin. UK and Norway complete world’s longest subsea electricity cable https://www.ft.com/content/399c1c37-3f7a-4770-af13-66741df01135? Fed to discuss slowing stimulus as recovery strengthen https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127 Nato warns China’s military ambitions threaten international order https://www.ft.com/content/f454033a-9975-4efd-92eb-9cf63306af7f? Biden, Putin and the new era of information warfare https://www.ft.com/content/51fc3b07-78a5-4461-823c-c9d22baeb063? Morgan Stanley chief urges employees to return to office https://www.ft.com/content/ffd6033f-e8fc-4289-85b2-42bc4ddddd16? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    China’s proliferating smart city technology

    Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change. Plus, the FT’s global China editor, James Kynge, reports on how China’s smart city surveillance technology is being used around the world, and the growing backlash. End of era in Israel as Netanyahu is ousted https://www.ft.com/content/f0824e22-2e42-4d80-b0fa-574c6b12b9dd G7 set to agree ‘green belt and road’ plan to counter China’s influence https://www.ft.com/content/f33b43e6-0cea-486b-a3cf-628a31c09693 Exporting Chinese surveillance: the security risks of ‘smart cities’ https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadab Korean shippers to raise billions of dollars as global trade rebounds https://www.ft.com/content/eab4b7b5-7590-477f-bd7e-e919501a54b4 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Inflation rises but worries fade, global taxation deal

    Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buyer. G7 leaders to pledge to donate 1bn Covid 19 doses to poorer countries https://www.ft.com/content/000e6968-8ae4-4f00-9cb5-324b98aa779b US bond rally eases pressure on emerging market hedge funds https://www.ft.com/content/c1058fd7-47cf-4bcc-9d8c-d5bf8887c715 Global banking regulator urges toughest capital rules for crypto https://www.ft.com/content/3fe7be31-179a-47dd-9a61-8f4ea42b9c62? Selfridges up for sale with £4bn price tag https://www.ft.com/content/134c756c-e220-44ec-a82c-afc0099bf9b1 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    The true cost of zero commission trading

    Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers. Will hot US inflation data unsettle markets? https://www.ft.com/content/7377a5d6-73e8-442e-96e8-ea2535286c08 Joe Biden rallies allies to take tougher stance on China https://www.ft.com/content/203d664a-c834-48d7-805d-c49d44aa2a9a Japanese sponsors think twice about being associated with Tokyo Olympics https://www.ft.com/content/2e8b9ce5-95e0-4114-884b-f05de926ccde Retail trading frenzy reflects ‘broken’ US equity markets, says XTX’s Gerko https://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1 Sign up for today’s Future of News event here: https://futurenews.live.ft.com/ See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    The FBI’s hi-tech sting, the day the internet broke

    Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted communications platform secretly run by the FBI. Cloud glitch brings down thousands of websites ft.com/content/0d5b9430-750b-44b7-b238-6e2160c3c591 Hundreds arrested worldwide in Trojan Shield organised crime sting https://www.ft.com/content/47c271c1-0be3-4a5c-9ca6-b231ed0f7fef? Indian tycoons surpass Chinese tech moguls in global rich list https://www.ft.com/content/2026fa04-fc22-4e20-ad0e-3d76a1ddf028? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Abu Dhabi’s creative pivot away from oil

    US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture. US says it has recovered majority of Colonial pipeline ransom https://www.ft.com/content/43dab2dc-a7aa-4102-9779-d1b6ced2985b Alzheimer’s drug from Biogen wins US approval https://www.ft.com/content/6f48610b-ec86-4deb-a89c-fc0a0f332bb0 Mexico’s president loses congressional supermajority in elections https://www.ft.com/content/36e737a9-ae48-4ff8-8e6c-88f54344b372 Abu Dhabi plans $6bn culture spend to diversify from oil https://www.ft.com/content/c0ae0344-280b-40f0-a67f-7edc24033caf? Jeff Bezos to go to space after stepping down at Amazon https://www.ft.com/content/defbe912-ceb9-4017-a215-16d214484597 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    The potential disruption of decentralised finance

    One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance. Chip shortage to last until at least mid-2022, warns manufacturer https://www.ft.com/content/04858089-fbe7-44f1-b096-8e705c664f8e? G7 strikes historic agreement on taxing multinationals https://www.ft.com/content/a308bbff-5926-47a1-9202-6263e667511e China boosts measures to cool renminbi rally https://www.ft.com/content/4ab2d4a7-4a73-4d39-bfba-f97dd91de54b Silicon Valley bets on crypto projects to disrupt finance https://www.ft.com/content/0f179c8d-aa60-41d4-96d7-5d53e78c3514 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Are we in a new era of inflation?

    The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay. Washington to bar US investors from 59 Chinese companies https://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4 Economists see accelerating US job growth in May payrolls data https://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a? FT Series Inflation: a new era? https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3 United hopes to revive supersonic era almost 20 years after Concorde https://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0 See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    AMC butters up retail investors, Naomi Osaka shakes up sports media

    A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage. Cyber insurers recoil as ransomware attacks ‘skyrocket’ https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922? Cinema chain AMC surges after luring DIY traders with free popcorn https://www.ft.com/content/2cc442a9-28da-4bcd-88a2-fda1404f0ef6 Naomi Osaka shows a shift in sport’s balance of power https://www.ft.com/content/7a380a76-9bd7-4d8e-8cc9-5544c6f51b68 Making chocolate can give Ghana a taste of prosperity https://www.ft.com/content/dbd20f9f-b9f7-4bf4-86dd-1a8c84069f01? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Djibouti is trying to become the Singapore of Africa

    Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schipani, explains what is happening there. Ex-Apollo CEO Leon Black raped and harassed Russian model, lawsuit alleges https://www.ft.com/content/72244917-3208-43ab-b076-513c9fc058ee Oil prices rally as Opec+ producers agree slow supply increase https://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dce Germany’s Greens lose their lustre as election heats up https://www.ft.com/content/5c477906-c15c-4de9-bcf7-6cdbe5eb413d? Djibouti’s port dream to become the ‘Singapore of Africa’ https://www.ft.com/content/15aefce3-2e6b-4e1a-b480-bfc066f7d8dd See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    How Covid-19 finally caught up with Taiwan

    The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers Lockdown pet boom helps insurer to $2bn valuation https://www.ft.com/content/019cce7c-21e7-462c-b8ab-573a35218d7a ‘Final Fantasy’ producer says 5G will end games console’s long reign https://www.ft.com/content/0fa963d8-1de8-4390-b3db-8e9908510605 Taiwan imposes strict social curbs to stem its worst Covid outbreak https://www.ft.com/content/85604b0b-e7aa-4e26-a547-b3d27b262e6b Covid-stricken Brazil to host Copa America football tournament https://www.ft.com/content/c3658bcf-695b-4e3e-9625-41b170e8248c See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    US regulation on cryptocurrencies could be coming

    American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency. US retailers rush to secure holiday season stock https://www.ft.com/content/3a7c02ba-89b0-45d1-8f02-d5eb3c002848 Russia releases $500m loan to Belarus as west imposes sanctions https://www.ft.com/content/5953320d-c342-457a-af40-50424d159ffd US regulators signal bigger role in cryptocurrencies market https://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101? Bitcoin as a call option https://www.ft.com/content/ed884387-73a3-4e5a-b1db-8f122cd54887 Nestlé document says majority of its food portfolio is unhealthy https://www.ft.com/content/4c98d410-38b1-4be8-95b2-d029e054f492? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    European stocks are getting their moment in the sun

    The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam. Archegos fallout hits market for blank cheque companies https://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29 Hedge fund that beat ExxonMobil says it will have to cut oil output https://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889a Investors bet eurozone stock rally will gather steam as economy rebounds https://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Big oil companies face backlash on both sides of the Atlantic

    Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment. Climate activists hail breakthrough victories over Exxon and Shell https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da? Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues? https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1 Tesla set to pay for chips in advance in bid to overcome shortage https://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a? Iran bans bitcoin mining as power cuts grip country https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
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    Can oil dependent countries adjust as the world shifts from fossil fuels?

    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 parties https://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748? US companies amass political funding cash pile after Capitol riot https://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631 Climate change: oil producers face costly transitions https://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.

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  • 18.06.2021
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    Can economic reform create a more level playing field for Black Americans?

    Deutsche Bank is relocating 100 bankers from London to offices in the EU and Asia as Germany’s largest lender accelerates a corporate restructuring following Brexit, and France’s President, Emmanuel Macron, is caught between financial prudence and political reality as the French economy recovers with a presidential election looming on the horizon. And the US economy is recovering but unemployment among Black Americans is still much higher compared to other communities. Deutsche accelerates overhaul of corporate bank after Brexit https://www.ft.com/content/891b2482-e15e-4c2f-8e51-9a4271599dc0 Macron weighs economics versus politics in French reopening https://www.ft.com/content/5fea422b-15a0-48a3-8a52-0113ece7db17 Economic reform crucial to improving the lives of black Americans https://www.ft.com/content/377a163d-fdbf-4f11-bb4a-e26465f8c2aa European groups pump money into Swedish ‘green steel’ start-up https://www.ft.com/content/ee91775f-0310-4e1b-b162-ffdf6e066757? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
    12 MB
    08:09
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    Epic vs Apple legal battle wraps up

    Today is the final day of the courtroom battle between Apple and Fortnite developer Epic games, which has accused Apple of abusing its position by forcing developers to distribute apps exclusively through the App Store. ExxonMobil faces a pivotal moment this week as shareholders have their say on what critics call an inadequate response to seismic shifts brought on by climate change. The chief executive of AstraZeneca, Pascal Soriot, insists that his company’s Covid-19 has a future, and for the first time, the European bloc is allowed to arm governments in conflict zones, with money from a new €5bn fund known as the European Peace Facility. Tim Cook grilled over App Store fees as Epic battle reaches climax https://www.ft.com/content/86f8fa47-9a38-496a-9a34-e2fa58e9db2b ExxonMobile climate battle reaches boardroom this week https://www.ft.com/content/1ce31524-3c21-4978-b6b8-2e6a13f50288? AstraZeneca chief says ‘vaccine has a future’ after setbacks https://www.ft.com/content/02c543e0-45a6-4189-94cf-30a5c3d5499d “We need arms:’ Europe’s risky move to project its influence in conflict zones https://www.ft.com/content/dd29eb4d-1fc0-4123-ada1-290c4c63d966? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
    13 MB
    09:41
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    Quantitative easing and rising stock prices

    Israel and Hamas have agreed to a ceasefire that would end an 11-day conflict that has claimed the lives of at least 230 Palestinians and 12 Israelis. And WeWork’s losses almost quadrupled to $2.1bn in the first quarter of this year as the co-working company haemorrhaged more than a quarter of its members and shelled out hundreds of millions of dollars to restructure its property portfolio, and the FT’s Rob Armstrong talks about quantitative easing and stock prices. Israel and Hamas agree a ceasefire after 11 days of fighting https://www.ft.com/content/8aa0bee9-85e7-4cdf-82d5-e23475312f1c WeWork loses $2.1bn and a quarter of its members as lockdowns bite https://www.ft.com/content/60ea2f72-586f-4f3e-b153-3455b93539b8 Rob Armstrong Unhedged: QE and stock prices https://www.ft.com/content/2db4a985-e053-4322-91b3-6c9793fd1c6c See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
    12 MB
    08:52
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    Fears of regulation lead to cryptocurrency chaos

    US companies have urged South Korea’s president to free Samsung’s jailed chairman and argue the billionaire executive could boost American efforts to shake off the country’s dependence on computer chips produced overseas. Swedish oat milk producer Oatly raised $1.4bn in its initial public offering on Wednesday, Plus, the FT’s Trading Room editor, Philip Stafford, explains how a warning from Chinese regulators led to a chaotic day for cryptocurrency traders. US companies lobby South Korea to free jailed Samsung boss https://www.ft.com/content/26d77bfe-b55a-4edb-bc57-7370b6c6a670? Entrepreneur behind Oatly’s rapid expansion faces US market test https://www.ft.com/content/e37d6985-5c48-46f4-8b02-a67c1a6dfd01 Bitcoin gyrates on fears of regulatory crackdown https://www.ft.com/content/c4c29bb3-c8ee-454c-a2dd-eac9f644007f Japanese pensioners with US stimulus cheques descend on Tokyo banks https://www.ft.com/content/102e0104-ca6f-4d59-be1b-90860426d5a5? See acast.com/privacy for privacy and opt-out information.

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  • 18.06.2021
    13 MB
    09:35
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    JPMorgan’s executive shuffle puts two women in line to replace Jamie Dimon

    JPMorgan Chase has shuffled several top executives, and has elevated two women who could be successors to chief executive Jaime Dimon, and the eurozone economy looks like it is recovering from the coronavirus pandemic. Plus, the FT’s Greater China correspondent, Kathrin Hille, explains why the world’s largest contract electronics maker, Foxconn, plans to be more integral to the auto industry. JPMorgan elevates potential successors to Jamie Dimon https://www.ft.com/content/9e31d7a7-4911-493b-919d-31e04d756438 Eurozone shows signs of bouncing back from double-dip recession https://www.ft.com/content/c5de006b-6bdf-493d-a9bc-2f6a1871ba66? Foxconn the carmaker? Disruption in the era of electric vehicles https://www.ft.com/content/b229250d-5d9e-4bb1-bb91-e57888233a98 See acast.com/privacy for privacy and opt-out information.

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