4.4 • 1.2K Ratings
🗓️ 16 July 2025
⏱️ 12 minutes
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US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds.
Mentioned in this podcast:
Donald Trump announces trade deal with Indonesia
Catastrophe bond sales hit record as insurers offload climate risks
UK set up secret Afghan immigration scheme after data leak and gagged media
US inflation reaches 2.7% as Trump tariffs hit
Today’s FT News Briefing was produced by 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
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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 solutions |
0:22.9 | has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com.uk. |
0:31.4 | Good morning from the Financial Times. Today is Wednesday, July 16th, and this is your FT News briefing. |
0:39.2 | Washington has agreed to another trade deal, and the veil has been lifted on a secret UK immigration plan. |
0:47.6 | Plus, investors can't get enough of catastrophe bonds. |
0:52.3 | I think as the bill for climate change grows, more investors are finding a way to take bets |
0:58.4 | on different parts of that market. |
1:00.4 | I'm Sonia Hudson, and here's the news you need to start your day. |
1:15.7 | Indonesia and the U.S. have struck a trade deal. |
1:17.8 | That's according to President Donald Trump. |
1:23.0 | He said Indonesia will pay 19% tariffs on exports to the U.S. And the U.S. will pay zero levies to send goods there. |
1:27.7 | The president also said that Jakarta will buy American energy exports and Boeing jets. |
1:34.2 | Trump had threatened to impose a 32% levy on the country if they didn't strike a deal. |
1:40.4 | This is the first agreement among more than 20 trading partners who received direct tariff threats from the U.S. last week. |
1:53.8 | The U.K. set up a secret plan to relocate thousands of Afghans to Britain. |
2:00.0 | They were at risk of being harmed by the Taliban |
... |
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