Japan’s transformational coalition deal
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 21 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
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 meeting
Apollo’s Marc Rowan says ‘at war with itself’ over finance regulation
Amazon says cloud services recovering from widespread outage
Japan coalition deal paves way for Sanae Takaichi to become first female PM
Today’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
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Transcript
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| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.1 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:32.1 | Good morning from the Financial Times. Today is Tuesday, October 21st, and this is your FT News Briefing. |
| 0:39.1 | European governments are rallying behind Vladimir Zelensky, and Japan is entering a new era. |
| 0:46.1 | Plus, the CEO of Apollo thinks that Europe is having a hard time getting out of its own way. |
| 0:52.3 | I see Europe a little bit at war with itself with respect to |
| 0:56.1 | financial regulation. I'm Mark Filipino, and here's the news you need to start your day. |
| 1:09.0 | Leaders in Europe are scrambling to secure a deal on the use of Russia's frozen assets. |
| 1:14.2 | They're hoping to use them for a 140 billion euro loan to Ukraine. |
| 1:18.8 | This comes after U.S. President Donald Trump and his Ukrainian counterpart, Vladimir Zelensky, |
| 1:23.7 | held a tense meeting on Friday. |
| 1:26.0 | Trump pressured Zelensky to accept Russia's deal to end |
| 1:29.3 | its war. This apparent shouting match lit a real fire under European leaders. EU foreign ministers |
| 1:36.4 | met in Luxembourg yesterday and said the block must, one, agree to the use of Russian frozen assets, |
| 1:43.0 | and two, hit Moscow with another round of sanctions. |
| 1:47.0 | European leaders will hold the summit on Thursday in Brussels to discuss the potential loan. |
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