FT News Briefing Financial Times

SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from rural areas as traffickers shift to synthetic drugs. Plus, the FT’s Anna Nicolaou explains the rival bids to buy Paramount. 
Mentioned in this podcast:
SoftBank leads $1bn funding for UK artificial intelligence group Wayve
El Chapo’s opium heartland bereft as Mexico cartels embrace fentanyl
Shari Redstone, a media scion weighing the future of her ravaged empire
James Cameron and Ari Emanuel back Skydance bid for Paramount
Brussels seeks to ban Russian funding of European politicians
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’s frozen assets, and Chinese President Xi Jinping visits Europe. Plus, college students in the US are calling for their universities to divest from Israel, but it’s not that simple. 
Mentioned in this podcast:
Bonhomie and hardball: Xi Jinping visits Europe to avert trade war
The clash over whether to commandeer Russia’s frozen assets
Divestment is not as easy as it may seem
Berkshire Hathaway’s cash pile hits record as Buffett cuts stake in Apple
Buffett lays out expansive role for successor Greg Abel at poignant Berkshire AGM
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on university grounds, and even storming university buildings. The FT’s Washington bureau chief, James Politi, and FT New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to explain why the protests could hurt President Joe Biden’s re-election chances.
Mentioned in this podcast:
New York police storm Columbia University and arrest pro-Palestinian protesters
Police raid UCLA protest camp as clashes over Gaza spread across US
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Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, Kasia Broussalian and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. 
CREDIT: NBC News New York, X/@JaunMaBenitez, X/@AnthonyCabassa_, PBS NewsHour
Read a transcript of this episode on FT.com

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Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.
Mentioned in this podcast:
Apple’s revenue weighed down by falling China sales
Japanese government spent $35bn to prop up yen, BoJ figures suggest
Japan is haunted by a return to emerging-economy status
FTC accuses ex-Pioneer boss of seeking to collude with Opec
 How Europe solved its Russian gas problem
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy. 
Mentioned in this podcast:
Federal Reserve signals that interest rates will remain higher for longer
Cruise line Viking rises after launching year’s second-largest US IPO
What triggered Noel Quinn’s shock exit from HSBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market.  
Mentioned in this podcast:
Amazon’s strong cloud sales help power revenue gains
Can private equity accelerate the green transition?
Jeremy Hunt warns FCA against ‘naming and shaming’ business
‘Everything has changed’: foreign auto groups embrace local technology in China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.