How Italy could decide the EU’s response to tariffs
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 7 April 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The UK plans to introduce a lighter regulatory regime for private equity and hedge funds, and Italy may block an EU plan to respond to US President Donald Trump’s tariffs. Plus, popular ‘private browsing’ apps hosted by Apple and Google may violate American sanctions, and the trade war has triggered the biggest sell-off in the US junk bond market since 2020.
Mentioned in this podcast:
Apple and Google app stores host VPNs linked to sanctions-hit Chinese group
Britain to dilute rules for private equity and hedge funds
Meloni under pressure to back EU ‘bazooka’ against Trump tariffs
Tariffs spark US junk bond sell-off as recession risk mounts
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. We're an energy company searching for better. |
| 0:28.4 | Equinore.com.uk. |
| 0:33.6 | Good morning from the Financial Times. Today is Monday, April 7th, and this is your FT News briefing. |
| 0:40.2 | The UK is looking to make things easier for private equity. |
| 0:44.1 | And Italy holds the key to Europe's response on tariffs. |
| 0:48.5 | Plus, popular apps on Google and Apple mobile stores might have connections to China. |
| 0:54.8 | It's not immediately clear |
| 0:56.0 | that you're dealing with a company that's linked |
| 0:58.4 | to a Chinese sanctioned entity. |
| 1:01.7 | I'm Kasha Bursalian, |
| 1:03.2 | and here's the news you need to start your day. |
| 1:21.6 | Thank you. The UK government is expected to introduce lighter regulations today for private equity and hedge funds. |
| 1:29.0 | The Treasury plans to lift the size requirements for certain rules. Instead of kicking in for firms managing 100 million pounds in assets, it'll now apply to those with $5 billion. The government is hoping that'll make it |
| 1:34.8 | easier for smaller firms to meet reporting requirements, and it'll get rid of some overlap with other |
| 1:40.2 | rules. Ultimately, officials hope that these changes will encourage more investment. |
... |
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