The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities have kicked off plans to sell $140bn of long-dated bonds to stimulate the economy. Plus, what Russia’s new defence minister means for the country’s war effort

Mentioned in this podcast:

GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappears

Who is Andrei Belousov, Russia’s new defence minister?

Stellantis in talks with Vale to invest in Indonesian nickel smelter

China fires starting gun on $140bn debt sale to boost economy

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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UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices. Plus, the frontrunner in Mexico’s presidential election is promising more of the same.

Mentioned in this podcast:

Rishi Sunak to warn Britain ‘at a crossroads’ as he readies Tories for election

US shale companies accused of collusion over oil price

Four start-ups lead China’s race to match OpenAI’s ChatGPT

Mexico’s presidential frontrunner defends sweeping legal reforms

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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The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.

Mentioned in this podcast:

Trump’s dot plot for the Fed

Jay Powell’s dilemma: the US economy is too strong to cut rates

Global inflation and interest rates tracker: see how your country compares

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Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor 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: US Federal Reserve

Read a transcript of this episode on FT.com

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Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, and China’s President Xi Jinping has hailed Hungary as one of Beijing’s most important strategic partners. Plus, most pandemic corporate winners have turned into post-pandemic losers.

Mentioned in this podcast:

Anglo American’s South Africa investors open to improved BHP bid

Nippon Steel predicts ‘calmer discussions’ with unions after US presidential election

Xi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership

Pandemic-era winners suffer $1.5tn fall in market value

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, 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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Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure.

Mentioned in this podcast:

Arm shares drop as revenue forecast falls short despite AI boom

Singapore battles to revive struggling stock market

EU agrees to arm Ukraine using profits from Russian state assets

Canada’s oil industry cuts reliance on US market as pipeline expands

Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, 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.

Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok filed a lawsuit against the US government to block a potential ban of the social media app. Plus, global trade growth is set to more than double this year as inflation eases and a booming US economy helps drive activity.

Mentioned in this podcast:

US revokes licences for supply of chips to China’s Huawei

TikTok challenges divest-or-ban bill in US court

Israel threatens to expand Rafah operation as US struggles to revive talks

Global trade growth set to more than double this year

US revokes licences for supply of chips to China’s Huawei

Reddit soars 16% after beating Wall Street estimates in first post-IPO quarter

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, 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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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

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

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.