FT News Briefing

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an investor frenzy for Chinese technology stocks, and a Chinese court has sentenced Evergrande founder Hui Ka Yan to life in prison.

Mentioned in this podcast:
Scott Bessent takes on the bond vigilantes
Western oil refinery closures set to continue despite war shock
Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy
Founder of collapsed Chinese property giant given life sentence
Credit: CNBC

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips 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.

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiring students in their first few months of law school and Irish pubs are disappearing.

Mentioned in this podcast:
US Treasury to double buybacks of long-term government debt
Moderna shares double on melanoma vaccine trial success
Top US law firms hit by backlash over ‘crazy’ hiring of first-year students
Death stalks the Irish pub

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips 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.

Iran has weighed attacking US military targets in Europe should Donald Trump escalate the war, according to people close to the regime. Long-term borrowing costs across major economies hit multi-decade highs, and Revolut has proposed increasing the amount chief executive Nik Storonsky can borrow against his stake in the fintech fivefold. Plus, US President Donald Trump is presiding over an unlikely clean energy boom.

Mentioned in this podcast:
Iran eyes targets in Europe if US escalates war, insiders say
Government borrowing costs hit multi-decade highs
Revolut to let Nik Storonsky borrow up to $250mn against his stake
Trump’s renewables boom
Venomous sea creatures plague Europe’s warming beaches

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips 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.

Airlines are locked in a “stand-off” over whether to cut ticket prices, and Mark Carney is making a last ditch bid to avert Donald Trump’s latest tariff threat. Plus, the Ebola epidemic in the Democratic Republic of Congo has become the deadliest in the country’s history and Malaysia has been an unassuming AI winner.

Mentioned in this podcast:
Mark Carney in last-ditch effort to avoid Donald Trump’s latest tariffs
Airlines in ‘stand-off’ over price cuts as jet fuel costs ease
Ebola outbreak becomes DR Congo’s deadliest
Malaysia profits from data centre boom

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips 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.

Private credit is under strain as troubled loans swell, JPMorgan boss Jamie Dimon warned Britain’s chancellor against higher bank taxes, and the cost of shipping through many global maritime chokepoints are hitting record highs. Plus, the US is sitting on a mountain of debt – can anyone fix it?

Mentioned in this podcast:
Private credit under strain as troubled loans swell
Jamie Dimon warns UK chancellor against higher bank taxes
War and climate change drive surge in cost of shipping through global chokepoints
US sells 30-year bonds at highest borrowing costs since 2001
How Ralph Lauren won the workwear wars as America returned to the office
The mother of all professional wardrobes
Style war: inside Wall Street’s battle to revive J Crew

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips 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.