FT News Briefing Financial Times

Big Tech companies reported earnings lacklustre yesterday, equities markets ended Thursday higher despite central banks tightening monetary policy, and US job growth is expected to have slowed for the sixth consecutive month. 
Mentioned in this podcast:
Apple’s revenue growth streak snapped after supply chain woes
Meta shares soar on resilient revenue and share buybacks
ECB raises rates by 0.5 percentage points as Lagarde commits to ‘stay the course’
Bank of England raises interest rates by 0.5 percentage points to 4%
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn equity fundraising, and banks that lost billions from the Archegos Capital Management meltdown will get back as little as 5 cents on the dollar. Plus, the FT’s Cristina Criddle looks at a new social media app launched by the founders of Instagram. 
Mentioned in this podcast:
Federal Reserve shifts to quarter-point rate rise but warns of more to come
Adani Enterprises calls off $2.4bn share sale
Banks to recoup as little as 5 cents on the dollar in Archegos restructuring
Instagram founders launch Artifact to rival Twitter and tackle misinformation
FT podcast survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

Hundreds of thousands of UK public sector workers set to walk out on Wednesday in co-ordinated action, the EU is set to unveil a draft plan today that loosens the rules around clean energy subsidies. Plus, the FT’s US markets editor Jennifer Hughes looked at how meme-stock companies are performing after raising capital during the pandemic meme stock frenzy.
Mentioned in this podcast:
EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies
Meme-stock groups have raised $5bn in 2 years since trading frenzy
FT podcast survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 International Monetary Fund says that global economic growth has proven “surprisingly resilient” in its latest forecast, Renault and Nissan reached a deal to save their 24-year-old alliance and sources tell FT that the Biden administration has stopped providing US companies with licences to export to Huawei. Plus, South Africa’s unreliable power supply has slowed economic growth. 
Mentioned in this podcast:
IMF raises growth forecasts as gas prices fall and China reopens
Washington halts licences for US companies to export to Huawei
Renault and Nissan hammer out historic deal to salvage alliance
South African businesses turn to diesel and solar panels as Eskom crisis deepens
EU to relax curbs on tax credits in response to US green subsidies
FT podcast survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from its value last week, central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow, and Walt Disney is bracing for a proxy battle with activist investor Nelson Peltz’s push for a board seat. 
Mentioned in this podcast:
Adani rebuttal of short seller critique claims ‘calculated attack on India’
Central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow 
Peltz fixates on $71bn Fox deal in fight against Disney and Iger
CNBC: Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
The fight for Disney 
FT podcast survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.

UK chancellor Jeremy Hunt will on Friday take on rightwing Tory MPs by rejecting calls for big tax cuts in his Budget, Brazil and Argentina’s leftwing leaders push ahead with common currency plan despite questions over unequal benefits, and Nigeria has begun a high-stakes attempt at London’s High Court to overturn an $11bn arbitration award.
Mentioned in this podcast:
Jeremy Hunt to defy rightwing Tory MPs by rejecting calls for Budget tax cuts
Economists question South American currency plan 
Nigeria begins UK court bid to overturn $11bn arbitration award
FT Weekend podcast 
FT podcast survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.