FT News Briefing

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets correspondent, about the incredible resilience of the US stock market, and the challenges ahead. Also, they go long boring companies and short KPop Demon Hunters.  Subscribe to Unhedged to hear more. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at [email protected]. This is a repeat of an episode published on Unhedged, a sister podcast of The FT News Briefing, on Dec. 11, 2025 Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 26 December 2025

The French pioneer of European integration Jean Monnet believed that Europe would be ‘built in crisis’. The war in Ukraine is putting this theory to the test, once again. Gideon discusses with historian Timothy Garton Ash how European leaders are responding to this latest crisis after the brief ‘holiday from history’ that followed the fall of the Berlin Wall.  Subscribe to The Rachman Review. Clip: ITVNote: The FT does not use generative AI to voice its podcasts  This is a repeat of an episode published on The Rachman Review, a sister podcast of the FT News Briefing, on Nov. 20, 2025 Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 25 December 2025

When international private equity groups first entered Japan at the turn of the 21st century, newspapers criticised them as vulture funds and politicians steered clear of public contact. Today, it’s a different story. Dozens of buyout groups have set up in the country and the establishment is courting them. The FT’s Tokyo correspondent David Keohane and Tokyo bureau chief Leo Lewis explain why there’s been a shift, and how private equity’s presence may rejuvenate Japanese corporates. Clips from Toho The FT does not use generative AI to voice its podcasts. This is a repeat of an episode published on Behind The Money, a sister podcast of FT News Briefing, on November 26, 2025. Follow Behind the Money on Acast, Apple Podcasts, Pocket Casts or Spotify. Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 24 December 2025

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents. It’s been another turbulent year in UK politics. Prime Minister Keir Starmer has faced down rebellions from within his own party, overseen scandals and sackings, and delivered a constant barrage of bad news from health and housing to small boats and the Budget. He’s fared a little better on the world stage – with successful state visits, securing a comparatively competitive trade deal with Trump, as well as a tentative rapprochement with Europe. But with every international success, Starmer’s standing domestically seems to diminish: he ends the year, on some measures, as the most unpopular PM ever. In this special live episode of Political Fix, host George Parker is joined by Anna Gross, Stephen Bush and Chris Giles to analyse how the Labour party got here – and where it goes next. This is a repeat of an episode published on Political Fix, a sister podcast of FT News Briefing, on December 12, 2025 To listen and subscribe to more episodes, find Political Fix on your favourite platform by clicking here! Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 23 December 2025

How much do we really know about ageing? For decades, scientists have been trying to understand the biology of the ageing process - what happens to our bodies as we get older? And is it possible to slow that process down or even stop it all together? In this series of Tech Tonic, the FT’s Hannah Kuchler and Michael Peel look into the past, present and future of longevity - the wellness movement focused on extending and bettering your quality of life. Episode 1 follows Hannah as she speaks with UCL professor David Gems about the history of ageing research, and then with longevity researcher Matt Kaeberlein to discuss how the industry has developed - including current drugs that could have anti-ageing effects. Plus, Michael visits the Reviv clinic in London where he experiences, first hand, the growing consumer interest in the longevity craze.  To listen to the rest of the series, find Tech Tonic on your favourite podcast platform by clicking here! Clips: @DaveAspreyBPR, @drjoshaxe, @HealthCoachKait, Hevolution, Pom, Purina, Garnier, 4G antioxidants, @ChrisWillx, @lexfridman, ABC News, C-Span, CBS, ITV This Morning, Wired UK, The Dissenter, Will Tennyson The FT does not use generative AI to voice its podcasts. Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 22 December 2025

In this final episode of their series for the FT's The Economics Show, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman consider listeners’ questions and comments ranging from a critique of globalisation, increasing inequality and plutocracy, the global appetite for US federal debt, China’s economic future and much more. This is a repeat of an episode published on The Economics Show, a sister podcast of FT News Briefing, on December 17, 2025 Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.  Read Martin’s column here  Subscribe to Paul’s substack here Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval and Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design and original music by Breen Turner. Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 21 December 2025

The holiday season is the most wonderful time of the year, but it's also the most expensive. Between gifts, food and travel, people can end up spending a lot of money this year. The Financial Times’ consumer editor Claer Barrett explains why people are feeling the pinch this season and what they can do about it.  Mentioned in this podcast:Economists warn of flaws in US inflation reportFT Financial Literacy and Inclusion CampaignFind Claer Barrett on TikTok and Instagram  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval and Victoria Craig. Our show was mixed by Kent Militzer. 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.

Transcribed - Published: 19 December 2025

BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, India’s central bank governor expects the country’s interest rates to remain low for a ‘long period’, and UK inflation fell more than expected to an eight-month low of 3.2 per cent. Plus, global companies are seeking private equity partners in China to take on their local operations as they grapple with an increasingly competitive local market. Mentioned in this podcast:BP picks Woodside boss Meg O’Neill as new chief executiveIndia’s central bank governor signals rates to stay low for ‘long period’UK inflation falls more than expected to 3.2% in NovemberGlobal brands seek private equity partners to save their China businesses Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 18 December 2025

Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of investors’ bullishness about the AI-fuelled stock market rally.  Mentioned in this podcast:Investors pile into Venezuelan debt in regime change betJPMorgan pulls $350bn from Federal Reserve to buy up TreasuriesBullish investors pile into stocks as cash levels sink to record lowUS unemployment rate hits four-year high of 4.6%Fifa offers cheaper World Cup tickets in response to outcry Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 17 December 2025

Shell’s merger chief departed after a bid to acquire rival BP was quashed internally, and the EU’s top trade official warns the bloc would lose global credibility if it fails to approve its trade deal with the Mercosur group of South American countries. Plus, Brussels plans to scrap the EU’s 2035 combustion engine ban, and hedge funds and trading firms are piling into physical commodities markets in search of new sources of returns. Mentioned in this podcast:Shell mergers chief departed after CEO blocked bid for BPEU will lose face if it rejects Mercosur deal, warns trade commissionerBrussels plans to scrap 2035 combustion engine banHedge funds pile into commodities in search of fresh source of returnsNote: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 16 December 2025

A terror attack on a Jewish event in Sydney kills more than a dozen people. Plus, investors are increasingly concerned about how much debt is funding the AI boom, world leaders meet to discuss a peace plan for Ukraine, and it’s a big week for US economic data. And: The FT’s ‘Behind the Money’ podcast looks into whistleblowing in the UK.  Mentioned in this podcast: Gunmen who killed 15 in Sydney attack on Jewish festival were father and sonInvestors seek protection from risk of AI debt bustUkraine offers to drop Nato membership demandsBehind the Money podcastInvestors will have to wait until new year for clear data on US economyBank of England set to cut rates to 3.75% as economic data eases inflation concerns Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Persis Love and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 15 December 2025

Cryptocurrency entrepreneur Do Kwon is sentenced to 15 years in prison on two counts of fraud, and the Walt Disney Company will allow OpenAI to use its characters in its flagship products. Plus, football fans are outraged over ticket prices for next year’s World Cup. And, you’ll meet the hardliner who wants to make Chile great again. Mentioned in this podcast:Crypto founder Do Kwon sentenced to 15 years in prisonDisney to invest $1bn in OpenAIFootball fans condemn ‘betrayal’ over ‘extortionate’ World Cup ticket pricesThe hardliner who wants to make Chile great againFriedrich Merz offers to host Ukraine talks so deal not done ‘above Europe’s head’ Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Victoria Craig, and produced by Fiona Symon and Sonja Hutson.  Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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. Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 12 December 2025

The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the economy and its ownership is in the hands of the royal family.  Mentioned in this podcast:Federal Reserve cuts rates to lowest level in three years in divisive decisionOracle shares slide as data centre spending mountsHow Abu Dhabi’s economy came to be dominated by IHC Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 11 December 2025

EU countries want to fast-track a decision to indefinitely immobilise up to €210bn in Russian sovereign assets, investors have increased bets that interest rates in major economies could diverge next year, and Berlin stands ready to throw its weight behind a German candidate to be the next president of the European Central Bank. Plus, Australia is now the first country in the world to restrict social media access for kids under the age of 16. Mentioned in this podcast:Trump gives Zelenskyy ‘days’ to respond to peace proposalEU races to bypass Viktor Orbán on Russia assets before summitInvestors increase bets on ECB rate rise in threat to dollarGermany sees high hurdles to winning ECB presidencyThe countdown to the world’s first social media ban for children Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 10 December 2025

Paramount has launched a $108bn hostile bid to buy Warner Bros Discovery, US natural gas prices are soaring as the country ships record amounts of the fuel overseas, and US President Donald Trump says Nvidia will be allowed to send its H200 chips to China. Plus, retail investors are helping drive gold and US stocks towards “bubble” territory, the Bank for International Settlements has warned. Mentioned in this podcast:Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bidSurging gas prices worsen affordability crisis for AmericansNvidia can sell H200 AI chips to China, Donald Trump saysRetail investors help drive gold and US stocks to bubble territory, BIS warnsCredit: CNBC Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from 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.

Transcribed - Published: 9 December 2025

Europe seeks to rally support for Ukraine as US pressure builds, and there’s likely to be plenty of debate ahead of the Federal Reserve’s final rate decision of the year. Plus, how Netflix’s blockbuster Warner Brothers Discovery buy could reshape entertainment.  Mentioned in this podcast:European allies to rally support for Ukraine as US pressure mountsFrance shielding €18bn Russian asset pot from EU ‘reparations loan’ pushFed expected to cut rates despite deep divisions over US economic outlookDonald Trump drives historic shift of power from investors to boardroomsHollywood fears job cuts as opposition to Netflix-Warner deal grows Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 8 December 2025

The Big Four accounting firms maintained their iron grip on auditing the UK’s largest companies last year, the industry watchdog has found. Plus, Japan’s economic normalisation could impact global bond markets.  Mentioned in this podcast:Big Four maintain stranglehold on biggest UK auditsUS senators seek to block Nvidia sales of advanced chips to ChinaJapan’s economic normalisation will affect global liquidityJapanese 10-year bond yields rise to highest level since 2007Register for the FT’s Global Boardroom digital conference Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 5 December 2025

Bond-market investors worry that the leading candidate for Fed chair is too close to US President Donald Trump, while HSBC finally picks its new chair. Plus, the EU has a last-minute plan to fund Ukraine’s economic revival.  Mentioned in this podcast:Bond investors warned US Treasury over picking Kevin Hassett as Fed chairHSBC appoints Brendan Nelson as chair after chaotic searchBrussels floats ‘emergency’ powers to raise €210bn from Russian assets Tell us whether your spending habits have changed this holiday season. Email Marc at [email protected]  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 4 December 2025

Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI’s dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China’s biopharma industry could be a threat to western dominance in the sector.  Mentioned in this podcast:Farage tells donors he expects to do an election deal with the ToriesMistral unveils new models in race to gain edge in ‘open’ AIOpenAI’s Sam Altman declares ‘code red’ after rivals make advances Eurozone inflation unexpectedly rises to 2.2% in NovemberWill the next blockbuster drug come from China?Donald Trump says he will nominate Federal Reserve chair in ‘early’ 2026 Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 3 December 2025

UK pension funds are cutting back their exposure to US equities, and Swiss prosecutors have filed charges against Credit Suisse and its owner UBS over alleged organisational “deficiencies”. Plus, the chair of the UK's Office for Budget Responsibility has resigned, and the UK government will increase NHS spending on medicines to secure a carve-out from threatened US tariffs. Mentioned in this podcast:UK pension funds dump US equities on fears of AI bubbleSwiss prosecutors file charges against Credit Suisse and UBSHead of UK fiscal watchdog quits after Budget leakNHS to increase medicines spending to avoid threatened Trump tariffs Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 2 December 2025

Artificial intelligence is threatening starting consultancy salaries, and the push to end Russia’s years-long invasion of Ukraine continues this week. Plus, Revolut did not tell UK regulators its CEO was listed as UAE resident. And, voice trading is making a comeback on one part of Wall Street.  Mentioned in this podcast:Top consultancies freeze starting salaries as AI threatens ‘pyramid’ modelZelenskyy aides meet Trump team in Florida for talks on peace plan UK officials sought assurances from Revolut over CEO Storonsky’s surprise moveVoice trading makes a comeback in $30tn Treasury marketWho Killed Europe’s single market dream?  Credit: Associated Press Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Nisa Patel and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 1 December 2025

As President Donald Trump approaches the one-year anniversary of his second term in office, the FT’s chief economics commentator Martin Wolf, and Nobel prize-winning economist Paul Krugman sit down to discuss the US economy and the state of American democracy. Are American consumers finally feeling the effect of Trump’s tariffs? Is AI to blame for the frozen labour market? Or is the spectre of a weakening democracy and plutocracy to blame for slumping consumer sentiment? In the first of four weekly episodes, Wolf and Krugman unpick the US and world economy, with Krugman explaining why he’s less pessimistic now than he was earlier this year. Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.  Read Martin’s column here. Subscribe to Paul’s Substack here. Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 30 November 2025

Artificial intelligence has the potential to disrupt almost every industry we work in, from manufacturing to stock trading. Defence is no exception, and at a time of rising global conflict, the question of how different militaries are using AI is increasingly important. The FT’s Helen Warrell is joined by MIT Technology Review senior reporter James O’Donnell to debate the ethical, political and practical questions around AI warfare.  Mentioned in this podcast:The State of AI: the new rules of warRead the whole State of AI series here Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was edited by Marc Filippino, and hosted by Helen Warrell. It was produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 28 November 2025

S&P Global Ratings calls into question Tether’s ability to maintain its US dollar peg, and UK chancellor Rachel Reeves takes the wraps off the highly anticipated Budget. Plus, India’s booming steel production might be helping the domestic economy, but it’s causing environmental damage and trade tensions Mentioned in this podcast:S&P downgrades Tether’s assets to lowest level            UK Budget 2025: Reeves raises taxes by £26bn to all-time high  The cost of India’s hunger for cheap steel  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Fiona Symon, and Lucy Baldwin. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 27 November 2025

Google’s parent company got close to a record $4tn market capitalisation, and more than $1tn has been wiped from the cryptocurrency market in the past six weeks. Plus, US consumers aren’t feeling too merry ahead of the holidays, and the UK prepares for its long-awaited Budget day.  Mentioned in this podcast:US retail sales growth slows as affordability crunch weighs on householdsCrypto market sheds $1.2tn as traders shun speculative assetsNvidia shares tumble on signs Google gaining upper hand in AIThe four audiences Reeves’ ‘high-wire’ Budget must satisfy Email Marc with your holiday stories and questions: [email protected]  Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 26 November 2025

Traders are piling into bets that Wednesday’s UK Budget will push the pound lower against the dollar, and the pharmaceutical industry saw some promising — and not so promising — clinical trial results. Plus, US tech stocks leapt on Monday and Ireland’s military neutrality has created a weak spot in Europe’s defences.  Mentioned in this podcast:Currency traders bet against sterling ahead of BudgetNovo Nordisk shares slump after drug failure in Alzheimer’s trialBayer soars on promising trial results for stroke prevention drugUS tech stocks surge as Fed rate cut bets fuel reboundHow Ireland became the weak spot in Europe’s defences Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 25 November 2025

US pressure on Ukraine and its allies to agree a peace deal with Russia ignites fresh concern in Europe, and the US has officially designated Venezuela’s “Cartel of the Suns” a terror group. Plus, Europe looks to increase investment rules to stand up to China, and a look at why insurance companies are thinking about excluding AI risks from their corporate policies.  Mentioned in this podcast:Trump hits out at Ukraine and Europe as confusion over US position mountsWhat is Venezuela’s ‘Cartel of the Suns’?EU to tighten investment rules to stand up to China Insurers retreat from AI cover as risk of multibillion-dollar claims mountsModerna is most shorted stock in S&P 500 as Americans skip jabs Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 24 November 2025

Tech stocks have been on a rollercoaster since Nvidia reported earnings, the US added 119,000 jobs in September but unemployment reached its highest level in four years, and the US has formally handed Ukraine a sweeping peace plan drawn up with Moscow. Plus, we’ll go over all the drama that’s ensued in the run-up to the G20 conference in South Africa.  Mentioned in this podcast:US tech stocks slide as jolt of volatility hits Wall StreetThe American exceptionalism trade is wobblingUS adds 119,000 jobs in September but unemployment hits four-year peakUS hands Ukraine new peace plan drawn up with RussiaTrump’s total boycott of G20 casts shadow over its future To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 21 November 2025

Nvidia grew sales of its chips even faster than Wall Street anticipated in its latest quarter, and UK inflation fell to 3.6 per cent in October. Plus, Paramount is trying to buy Warner Brothers Discovery and China’s opaque economic data is coming under scrutiny.  Mentioned in this podcast:Nvidia reports strong growth from bumper AI chip salesThe president’s men: Ellisons’ Trump ties shape battle for Warner Bros UK inflation falls to 3.6% in OctoberThe growing problem with China’s unreliable numbers Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Marc Filippino and produced by Lucy Baldwin, Fiona Symon, Victoria Craig, Sonja Hutson Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 20 November 2025

Meta has won the antitrust case that threatened to break it apart, the EU plans to create a central body to co-ordinate the purchasing and stockpiling of critical minerals. Plus, US tech stocks sold off on Tuesday as worries mounted over high valuations for artificial intelligence companies, and activist hedge fund Elliott Management has built a large stake in Barrick Mining. Mentioned in this podcast:Meta wins US case that threatened split with WhatsApp and InstagramBrussels plans minerals stockpile centre to stop US snapping up suppliesUS tech stocks dip as traders fret over ‘frothy’ AI valuations Elliott builds stake in gold miner Barrick Today’s FT News Briefing was produced by Fiona Symon and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 19 November 2025

The cryptocurrency market is struggling as bitcoin has lost all its gains from this year, and HSBC leaders cannot agree on the bank's next chair of the board. Plus, the US House of Representatives votes on the release of the Jeffrey Epstein files today, and the Financial Times’ Alison Killing explains why an estimated multitrillion-dollar infrastructure project in Saudi Arabia may take decades to get done.  Mentioned in this podcast:Crypto market sheds $1.1tn as traders shun speculative assetsHSBC board at odds over candidates to succeed Mark Tucker as chairDonald Trump backs vote to release Jeffrey Epstein filesEnd of The Line: how Saudi Arabia’s Neom dream unravelled Today’s FT News Briefing was produced by Victoria Craig, Fiona Symon, Persis Love, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 18 November 2025

Goldman Sachs is on track to notch its best performance in the global deals market in 24 years. Plus, what UK gilt markets are looking for after Friday’s selloff, and how Spain’s deficit is set to fall below Germany’s for the first time in two decades. And, the government shutdown has posed complications for US economic data collection.  Mentioned in this podcast:Goldman Sachs on brink of best M&A performance in 24 yearsUK politics as it happened — Gilts sell off on tax plan U-turnUS economic outlook obscured by shutdown-triggered data gapSpain’s deficit to fall below Germany’s for the first time in two decadesUK to launch first lead poisoning screening study of children after FT investigationToxic legacy: uncovering the threat of lead poisoning Today’s FT News Briefing was produced by Julia Webster, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 17 November 2025

 Oracle’s enormous borrowing to fund a push into artificial intelligence computing has spooked investors, Sir Jim Ratcliffe’s heavily indebted empire, Ineos, is under increasing financial pressure, and we take a look at a glaring hole in US inflation data. Plus, the FT’s Sonja Hutson reports back from Bethlehem, Pennsylvania, as part of a new FT series.  Mentioned in this podcast:Oracle hammered in tech sell-off over its huge AI betIneos debt sell-off accelerates amid fears over European chemicals sector‘Big Short’ investor Michael Burry to close hedge fund as he warns on valuationsThe Bethlehem Project: An immigration raid divides a communitySubscribe to the Swamp Notes podcast Today’s FT News Briefing was produced by Henry Larson, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from 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.

Transcribed - Published: 14 November 2025

US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an inaugural bond sale. Plus, an increasing number of wealthy Chinese people are trying to set up family offices and secure residency in the Gulf, rather than Singapore.  Mentioned in this podcast:US government shutdown nears an end as House approves funding dealEurope’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continuesScotland handed same credit rating as UK ahead of debut ‘kilts’ saleWealthy Chinese sidestep Singapore for DubaiUS mints last penny after Trump killed coinCredit: Myles McCormick Today’s FT News Briefing was produced by Lulu Smyth Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 13 November 2025

The International Energy Agency says global oil and gas demand will rise for the next 25 years if the world does not change course; Masayoshi Son’s SoftBank Group has sold its entire stake in Nvidia; and investors have been selling off the debt of US tech heavyweights. Plus, Italian Prime Minister Giorgia Meloni’s plan to reduce income taxes for the “middle-class” has sparked criticism that she is helping the rich. Mentioned in this podcast:Oil and gas demand to rise for 25 years without global change of course, says IEAWhy Nvidia should be glad to see the back of SoftBankSoftBank sells Nvidia stake for $5.8bn as it prepares for AI investmentsInvestor angst over Big Tech’s AI spending spills into bond marketGiorgia Meloni’s ‘middle-class’ tax cut sparks political row in Italy Today’s FT News Briefing was produced by Victoria Craig, Lulu Smyth and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 12 November 2025

Saudi Aramco is shifting its focus to natural gas, Donald Trump has threatened to sue the BBC for at least $1bn over an edit of a speech he gave on January 6 2021, and a $23bn mine in Guinea opens today and it is seen as a huge win for China.   Mentioned in this podcast:Saudi Aramco steps up gas push to meet surging electricity demand Donald Trump threatens to sue BBC for $1bn over January 6 speech editHow the world’s biggest mining project is a win for China Today’s FT News Briefing was produced by Lulu Smyth, 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.  Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 11 November 2025

The US Senate takes the first step to ending the government shutdown, and COP30 climate talks kick off in Brazil. Plus, stricter regulation puts the squeeze on Switzerland’s prized finance sector. And, can Indian Prime Minister Narendra Modi’s push to counter US tariffs help Zoho truly rival Whatsapp? Mentioned in this podcast:US senators strike deal in first step to ending government shutdownThe world is struggling to halt climate change. But can it adapt?Swiss finance shrinks as regulators tighten grip on prized sector India boosts homegrown WhatsApp rival in tech nationalism driveThe 900-page book that China watchers count on Today’s FT News Briefing was produced by Nisha Patel, Sonja Hutson and Victoria Craig. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 10 November 2025

Tesla investors have overwhelmingly backed Elon Musk’s $1tn pay deal, Hungary’s prime minister travels to Washington to make the case for a Russian oil sanctions exemption, and the Bank of England keeps rates on hold. Plus, why UK bond markets are keeping calm and carrying on despite turmoil ahead of Labour’s Budget announcement.  Mentioned in this podcast:Tesla shareholders approve Elon Musk’s $1tn pay dealBank of England keeps rates on hold at 4% in knife-edge decisionOrbán to seek approval from Trump to continue importing Russian oilBond markets are winning the Budget stand-off Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 7 November 2025

US Supreme Court justices appeared sceptical of Donald Trump’s use of emergency powers to impose tariffs, and Argentine President Javier Milei has rejected investor calls to allow the peso to float freely. Plus, contentious bankruptcy proceedings for First Brands begin today.  Mentioned in this podcast:Investors could face a bonfire night surprise on Trump tariffs‘A glorious mess’: First Brands creditors brace for Houston court clashMilei defies calls to float Argentine peso Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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.

Transcribed - Published: 6 November 2025

US voters issued a rebuke of President Donald Trump, US stocks dropped on Tuesday as jitters over highly elevated valuations for many artificial intelligence companies intensified, and some investors are worried there’s an AI bubble in Asian stocks as well. Plus, UniCredit’s ambition to become a European banking powerhouse has hit a series of roadblocks.  Mentioned in this podcast:US election results liveListen to the Swamp Notes podcastUS stocks slide as investors fret over high valuations for AI companiesAsian markets’ reliance on AI boom raises ‘bubble’ fearsWhat next for Andrea Orcel’s UniCredit? Today’s FT News Briefing was produced by Marc Filippino, Sonja Hutson, Lulu Smyth and Victoria Craig. Our show was mixed by Kent Militzer. 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.

Transcribed - Published: 5 November 2025

Palantir lifted its 2025 revenue guidance and Pfizer has filed a second lawsuit against Novo Nordisk and obesity drug start-up Metsera. Plus, OpenAI inked a $38bn computing deal with Amazon, and the FT’s Claire Jones explains how the Trump administration is considering pushing for wider global dollar adoption.  Mentioned in this podcast:Palantir lifts 2025 sales outlook after posting strong quarterly growthPfizer files second lawsuit to block Novo Nordisk’s $9bn Metsera bidOpenAI strikes $38bn computing deal with AmazonUS pushes for wider global dollar adoption Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, 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.

Transcribed - Published: 4 November 2025

The US Supreme Court begins hearing arguments this week for President Trump’s tariff policy. Plus, voters will head to the polls for state races seen as a referendum on the first year of Trump’s second term, and private equity may be full of zombie firms in the next decade. Then, a look at how China is filling a gap in the solar-energy space. Mentioned in this podcast:Businesses press Supreme Court to strike down Trump’s emergency tariff power Trump and plastic bags: New Jersey is bellwether of US political moodPrivate capital zombie firms will pile up in next decade, says EQT chiefThe global boom in solar – with or without the US Today’s FT News Briefing was produced by Sonja Hutson, Marc Filippino, and Victoria Craig. Our show was mixed by Alex Higgins. Additional help Peter Barber. 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.

Transcribed - Published: 3 November 2025

Amazon and Apple delivered solid earnings reports, and the FT’s Gideon Rachman explores whether Donald Trump’s foreign policy wins in Asia will hold. Plus, the European Central Bank has left its benchmark interest rate unchanged and the FT’s Jennifer Hughes says India’s initial public offering boom is not too hot, not too cold – it’s just right.  Mentioned in this podcast:Amazon revenues rise 13% on strength in cloud computing unitApple predicts holiday boom in iPhone sales‘Rely on America at your peril’: the vagaries of Trump’s foreign policyEurozone economy expands 0.2% in third quarterECB holds interest rates at 2%India’s IPO boom has a goldilocks feel  Today’s FT News Briefing was produced by Lucy Baldwin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from 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.

Transcribed - Published: 31 October 2025

Meta and Microsoft had mixed earnings reports, the Federal Reserve cut interest rates and said it would halt quantitative tightening and South Korea has agreed to invest $350bn in the US in return for lower tariffs on car exports. Plus, John Malone is stepping down as chair of his media and telecoms empire, marking the end of an era in which the “cable cowboy” reshaped both industries. Mentioned in this podcast:Meta hit by huge AI spendingFederal Reserve trims US interest rates by quarter point but casts doubt on December cutFederal Reserve nears end of QT amid signs of stress in money marketsUS and South Korea seal trade deal‘Cable cowboy’ John Malone to step down from media and telecoms empire Today’s FT News Briefing was produced by Lucy Baldwin, 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.

Transcribed - Published: 30 October 2025

OpenAI said it had completed a long-awaited restructuring, and Tesla’s chair has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package. Plus, South Korea’s Kospi is the world's top-performing major stock index by far this year.  Mentioned in this podcast:Microsoft valuation passes $4tn as OpenAI completes restructuringTesla chair warns Musk could quit if shareholders reject $1tn pay dealWhat is driving the world’s best-performing stock market? 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 Gavin Kallmann, 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.

Transcribed - Published: 29 October 2025

US companies struck more than $80bn worth of deals, Argentina’s currency and government bonds surged after a landslide electoral victory for President Javier Milei’s party. Plus, JPMorgan Chase has invested $75mn in an Idaho-based mining company, and Apple’s services revenue is projected to climb to record highs.  Mentioned in this podcast:US companies strike $80bn in mergers as Trump boosts dealmakingArgentine bonds and currency surge after victory for Javier Milei’s partyJPMorgan backs gold miner in initial investment by ‘America First’ fundApple hits $100bn services revenue milestone despite growing legal risks Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. 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.

Transcribed - Published: 28 October 2025

US President Donald Trump is in Asia this week ahead of high-stakes trade talks with Chinese President Xi Jinping. Plus, the UK chancellor is pushing for her own trade deal in the Gulf, and the US Federal Reserve is heading into its next meeting without some important economic data.  Mentioned in this podcast:‘Positive framework’ agreed for Trump-Xi summit, says Scott BessentUK chancellor to hold Gulf trade talks in push for pro-growth policiesMarkets brace as Argentines go to the polls Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. 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.

Transcribed - Published: 27 October 2025

Laura Hughes receives a tip that horses are dropping dead in Wales. As she investigates, she finds decades of academic studies researching the problem. She learns these aren’t isolated incidents. Something is spreading across the countryside. It’s undetectable to humans, nobody knows it’s there — until they fall ill. Subscribe to Untold: Toxic Legacy, for the rest of the series. For more information on how to live safely with lead, please visit the LEAPP Alliance website. Hosted on Acast. See acast.com/privacy for more information.

Transcribed - Published: 25 October 2025

US President Donald Trump’s sanctions on Russian oil companies shook energy markets on Thursday, and the US president pardoned Binance co-founder Changpeng Zhao. Plus, President Javier Milei’s economic plan rests in the hands of this weekend’s midterms elections in Argentina. Mentioned in this podcast:Trump’s oil sanctions shake India and energy marketsDonald Trump pardons Binance crypto founder Changpeng ZhaoMilei’s make-or-break moment Save 40% on a standard annual digital subscription: ft.com/briefingsale  Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, 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.

Transcribed - Published: 24 October 2025

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 science Save 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.

Transcribed - Published: 23 October 2025