FT News Briefing

Gulf monarchies raised almost $10bn in private sales of bonds this month, oil shortages are coming if the Strait of Hormuz stays closed, and US President Donald Trump has renewed his threat to fire Federal Reserve chair Jay Powell. Plus, a second China shock is hitting the global economy, and Allbirds is pivoting from wool sneakers to AI.

Mentioned in this podcast:
Gulf states turn to private deals in $10bn wartime borrowing spree
Oil shortages are coming, and with them some difficult questions
Trump threatens to fire Jay Powell and refuses to halt criminal probe
China shock 2.0: the flood of high-tech goods that will change the world
Allbirds is turning into an AI compute provider, because of course it is

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 Saffeya Ahmed, Fiona Simon and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. 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.

Ships are altering course as the US Navy’s blockade of the Strait of Hormuz continues into its third day, and PwC plans to overhaul its global consulting business. Plus, insurers are turning to catastrophe bonds to cover data centres, and AI chatbots aren’t a substitute for doctors when it comes to medical diagnoses.

Mentioned in this podcast:
Strait of Hormuz tankers stop or turn around amid US blockade
Iran war could slow global growth to weakest since pandemic, IMF warns
US pushing Iran to agree 20-year moratorium on nuclear activity
PwC plans overhaul of global consulting business
Insurers turn to catastrophe bonds to offload data centre risks
AI chatbots misdiagnose in over 80% of early medical cases, study finds

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 Saffeya Ahmed and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. 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 key UK government official says Britain’s leaders have shown a “corrosive complacency” towards defence, OpenAI’s $852bn valuation is under increasing scrutiny from its own backers and fixed-income traders at Goldman Sachs suffered an unexpected drop in revenues at the start of 2026. Plus, the FT’s Raya Jalabi explains how Lebanon has become a sticking point in US-Iran negotiations.

Mentioned in this podcast:
Starmer accused of ‘corrosive complacency’ on UK defence by former Nato chief
OpenAI investors question $852bn valuation as strategy shifts
Goldman bond traders take shine off bumper quarter
The 10 minutes that set Lebanon ablaze

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 Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. 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.

Hungary’s prime minister Viktor Orbán concedes, US President Donald Trump says America will launch a naval blockade of the Strait of Hormuz after peace talks with Iran failed, and Wall Street banks are set to report trading revenues of more than $40bn for the first quarter. Plus, Meta is building an AI version of its CEO Mark Zuckerberg.

Mentioned in this podcast:

Hungary’s Orbán concedes defeat as opposition heads for landslide win
Trump announces naval blockade of Strait of Hormuz as Iran peace talks fail
Fees for seas: a history of taxing waterways
Wall Street banks set to report $40bn trading haul as war rekindles volatility
Meta builds AI version of Mark Zuckerberg to interact with staff
Credit: DWS News

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 Saffeya Ahmed and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. 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.

Shipping through the Strait of Hormuz remains at a standstill, sales of used electric vehicles are surging in the US, and the International Monetary Fund is warning that the war’s shocks will be felt by the global economy for a while. Plus, the FT’s Marton Dunai gives a rundown of the upcoming Hungarian elections.

Mentioned in this podcast:

OECD urges governments to rapidly unwind costly fuel duty cuts
Refineries rush to secure oil cargoes as Iran maintains grip on Hormuz
Sales of used EVs surge in US as petrol prices pass $4 a gallon
Who is Péter Magyar, Viktor Orbán’s nemesis?
Donald Trump and JD Vance back Viktor Orbán ahead of Hungary’s election
Credit: AP Archive, C-SPAN, Reuters

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 Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. 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.