EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this podcast:EU speeds up plans for digital euro after US passes stablecoin lawJustice department calls on Federal Reserve to sack governor Lisa Cook‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiplySign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, 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.
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11:04
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11:04
Can Target get its ‘swagger’ back?
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.Mentioned in this podcast:Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarksTarget shares drop as retailer picks insider to lead turnaround driveUK inflation rises more than expected to 3.8% in JulyWill a 3-minute battery swap beat a 5-minute charge for China’s EV drivers?Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva 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.
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11:36
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11:36
What to expect from Jay Powell’s Jackson Hole speech
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up? Mentioned in this podcast:Jay Powell to deliver Jackson Hole address under fire on multiple frontsUS tech stocks hit by wave of concerns over future of AI boomHow Novo Nordisk lost its lead in the weight loss raceLabubu frenzy sends Pop Mart profits soaringToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our 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.
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11:19
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11:19
Italian and French bonds meet in the middle
US President Donald Trump floated the prospect of US security guarantees for Ukraine, Prime Minister Narendra Modi is looking for options after India got hit by extremely high US tariffs, Soho House has agreed to a take-private deal, and Softbank is buying $2bn worth of Intel shares. Plus, the FT’s Leila Abboud explains why more Italian bonds are starting to look a little more like French bonds. Mentioned in this podcast:Trump floats US security guarantees for Ukraine in meeting with ZelenskyyFrench borrowing costs close in on Italy’s as investors fret over debtsDonald Trump tariffs threaten Narendra Modi’s ‘Make in India’ driveSoho House agrees $2.7bn take-private dealSoftBank to buy $2bn in Intel shares as it grows US investmentsToday’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Gavin Kallmann. Our 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.
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11:50
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11:50
Zelenskyy goes back to the White House
US President Donald Trump will meet with Ukrainian President Zelenskyy today, just days after meeting Russian President Putin, and the UK’s solar output is reaching record levels. Plus, tech companies are spending trillions to build AI data centers.Mentioned in this podcast:‘Absolutely immense’: the companies on the hook for the $3tn AI building boomPutin demanded Ukraine cede Donetsk and Luhansk in exchange for freezing rest of front lineVolodymyr Zelenskyy to press for ceasefire at Donald Trump meetingBritish solar power surges past 2024 totalToday’s FT News Briefing was produced by Ethan Plotkin, Katya Kumkova, Marc Filippino, and Lulu Smyth. Additional help from Alex Higgins and Derek Brower. Our 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.
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. Hosted on Acast. See acast.com/privacy for more information.
Ireland