Afleveringen
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US President Donald Trump doubled tariffs on steel to 50 per cent this week. Heâs also allowing Japanâs Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to Americaâs steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FTâs industrial reporter, discuss whether Trump can make good on a popular promise.
Mentioned in this podcast:
Itâs always steel â tariffs provide Trump with a familiar trade weapon
Donald Trumpâs US Steel gamble: Pennsylvania workers warm to Nippon tie-up
Sign up for the FTâs Trade Secrets newsletter here
Sign up for the FTâs Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FTâs acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.
CREDIT: The White House YouTube channel
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US President Donald Trump and Chinaâs leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FTâs Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa.
Mentioned in this podcast:
Donald Trump and Xi Jinping agree to launch new round of trade talks
Christine Lagarde signals ECB rate-cutting ânearly concludedâ
âThe cult of Saint TraorĂ©â: how a Russia-backed junta leader became an icon
EU hit by surge in steel imports as US tariffs divert shipments
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Zijn er afleveringen die ontbreken?
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Appleâs rollout of artificial intelligence services in China with Alibaba is being held up, Wells Fargo faces an uphill battle to catch up with its rivals after asset cap was lifted, and US President Donald Trump says Russian President Vladimir Putin is not ready for âimmediate peaceâ with Ukraine. Plus, the European Commission has finally given Bulgaria the green light to join the Eurozone in 2026.
Mentioned in this podcast:
Apple and Alibabaâs AI rollout in China delayed by Trump trade war
Wells Fargo has finally shed its dunce cap
Wells Fargo asset cap lifted after âfake accountsâ scandal
Putin planning to retaliate for Ukraine drone attack, says Trump
Bulgaria to join Eurozone in 2026
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Dutch Prime Minister Dick Schoof resigned after far-right leader Geert Wilders walked out of his coalition government, Mexicoâs new supreme court is set to solely contain judges nominated by the ruling coalition, and Eurozone inflation fell below the European Central Bankâs 2 per cent target. Plus, the FTâs Akila Quinio explains how the Royal Bank of Scotland was nationalised in the wake of the 2008 financial crisis and then reborn.
Mentioned in this podcast:
Far-right Dutch leader Geert Wilders quits government
Tiny slice of Mexicans elect supreme court closely tied to ruling party
Eurozone inflation falls below target to 1.9%
The RBS story: how the worldâs biggest bank was nationalised and then reborn
South Korean leftwinger Lee Jae-myung wins presidential election
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Elon Muskâs xAI is launching a $300mn share sale that values the group at $113bn, and Chinaâs property sector woes are compounded by tariff worries. Plus, Polandâs new president is going to make life hard for the countryâs prime minister, and the FTâs Amelia Pollard explains why US president Donald Trump wants to take mortgage giants Fannie Mae and Freddie Mac private.
Mentioned in this podcast:
EU companies more concerned about China slowdown than tariffs
Donald Trumpâs plans for Fannie and Freddie would mean payday for hedge funds
Nationalist candidate Karol Nawrocki wins knife-edge Poland presidential election
Elon Muskâs xAI seeks $113bn valuation in $300mn share sale
Todayâs FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Private equity dealmaking around the world slowed down in the second quarter of 2025, and South Korea holds elections on Tuesday after months of political instability. Plus, office space construction in the UK has reached a ten-year low, and Wall Street is warning that a little-publicised foreign tax provision in Donald Trumpâs budget bill could upend markets.
Mentioned in this podcast:
Trump tariffs cut off recovery in private equity dealmaking
Leftwing âbrawlerâ on verge of South Korea presidency
The âquietâ crisis brewing between the US and South Korea
Foreign tax provision in Trump budget bill spooks Wall Street
UK office construction drops to 10-year low
Todayâs FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Henry Larson, and Marc Filippino. Additional help from Peter Barber. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Republicans are often known as the party of fiscal responsibility. This week, Swamp Notes unravels the US House of Representativesâ âbig, beautifulâ bill and its uncertain path forward in the Senate. Edward Luce, US national editor and columnist, and James Politi, Washington bureau chief, explain what made congressional Republicans go all in on big spending, tax cuts and more debt.
Subscribe to the new Swamp Notes feed here.
Mentioned in this podcast:
Read Edward Luceâs column on the new âmoron premiumâ for Treasuries
US House passes Donald Trumpâs showpiece tax bill
Sign up for the FTâs Swamp Notes newsletter here
Swamp Notes is produced by Lauren Fedor, Katya Kumkova and Henry Larson. Topher Forhecz is the acting co-head of audio. Special thanks to Pierre Nicholson.
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The White House is fighting court rulings that US President Donald Trumpâs âliberation dayâ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Muskâs Twitter deal.
Mentioned in this podcast:
Court tariffs bombshell should inspire trading partners to defy Trump
Trade Secrets Newsletter
Former Goldman Sachs banker sentenced to two years in prison for 1MDB role
How Wall Street offloaded $13bn of debt tied to Elon Muskâs Twitter deal
Todayâs FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A US court invalidated President Donald Trumpâs âliberation dayâ tariff scheme yesterday. Nvidia reported a nearly 70 per cent surge in quarterly revenues, and the US has said it will not renew Chevronâs oil licence in Venezuela. Plus, Texas and Nevada are seeking to challenge the dominance of Delaware with company-friendly law.
Mentioned in this podcast:
US trade court invalidates Donald Trumpâs reciprocal tariffs
Nvidia quarterly revenue surges nearly 70% on AI boom
US government will not renew Chevronâs Venezuela oil licence
Texas vs Nevada â the battle to woo companies is heating up
Todayâs FT News Briefing was produced by Sonja Hutson, Henry Larson and Marc Filippino. Additional help from Blake Maples and Michael Lello. Topher Forhecz is the FTâs acting co-head of audio. The showâs 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.
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US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investorsâ bets on US trade deals and the FTâs Leslie Hook explains whatâs next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down.
Mentioned in this podcast:
US stocks jump as Donald Trump touts âpositiveâ progress on EU trade talks
Asian currencies boosted by investor bets on US trade deals
McKinsey sheds 10% of staff in two-year profitability drive
Rio ousted chief Jakob Stausholm to seek boss with more mining experience
Todayâs FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Russiaâs full-scale invasion of Ukraine in 2022 kicked off a massive arms procurement race for Kyiv. Officials looked just about everywhere for weapons they could ship to the frontlines. However, Ukraine has lost hundreds of millions of dollars on fraudulent arms deals in the process. The FTâs Ukraine correspondent Isobel Koshiw and investigative reporter Miles Johnson share their reporting.
Mentioned in this podcast:
How Ukraine lost hundreds of millions on arms deals gone wrong
Ukraine arms procurement feud risks eroding western trust, G7 warns
Todayâs FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Today, we're bringing you an episode from our fellow FT podcast, Behind the Money. Massive conglomerates used to define corporate best practice. Think about a company like General Electric, known as âthe everything companyâ. But today, thereâs a new popular model: de-conglomeration. The FTâs former US energy reporter Amanda Chu examines whether this is working for a power business that GE spun off last year â or if itâs just another Wall Street fad.
Clips from BBC, Bloomberg, DW
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For further reading:
Rustbelt gamble: GE Vernova rides AI power boom into uncertain future
Is the US power grid ready to meet the demands of data centres?
Have Americaâs industrial giants forgotten what they are for?
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Follow Amanda Chu on X (@amandalanchu). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FTâs Central Banks newsletter, discuss what Trumpâs next few months might be like. Have markets truly recovered from the âliberation dayâ shock? What happens after the 90-day tariff pause is over? Our guests weigh in.
Subscribe to the new Swamp Notes feed here.
Mentioned in this podcast:
Read the latest Chris Giles on Central Banks column here
Listen to the Unhedged podcast here
Sign up for the FTâs Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Mischa Frankl-Duval and Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Republicans in the US House of Representatives narrowly passed President Donald Trumpâs major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.
Mentioned in this podcast:
US House passes Trumpâs showpiece tax bill
BYD sells more electric vehicles in Europe than Tesla for first time
Nvidia seeks to build its business beyond Big Tech
Nvidia chief announces major Taiwan chip investments
US to become penniless with phasing out of one-cent coin
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Telegram leapt to a $540mn profit last year despite the ongoing legal threat to its leadership, yields on the longest-dated Japanese government bonds surged to record highs, and UK inflation rose more than expected to a 15-month high. Plus, Germany is considering banning the far-right Alternative for Germany party, but has it become too big to outlaw?
Mentioned in this podcast:
Telegram jumps to $540mn profit despite founder facing legal peril
Japanâs long-term borrowing costs hit record high on demand fears
UK inflation jumps to 3.5% in April
Will Friedrich Merz ban the far-right Alternative for Germany?
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs 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.
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European and Asian investors have pumped record sums into global equity funds that exclude the US market, and shares in Chinese battery maker CATL surged 16 per cent on their debut in Hong Kong. The EU plans to levy a flat fee on billions of small packages entering the bloc, mainly from China. Plus, Israeli Prime Minister Benjamin Netanyahu is facing calls to scale back his military operation in Gaza and let more aid into the enclave.
Mentioned in this podcast:
Investors flock to equity funds that exclude US after Trumpâs return to power
Chinese battery maker CATL surges 16% in biggest listing of 2025
EU to impose âŹ2 tax on low-cost items in blow to Temu and Shein
UK halts trade talks with Israel over Gaza offensive
Israelâs Gaza aid plan could lead to âwar crimeâ, UN agency chief says
Benjamin Netanyahu says Israel plans to take over all of Gaza
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs 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.
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The US may be stepping back from its role as mediator in the war in Ukraine, and US long-term borrowing costs rose to their highest level since late 2023 on Monday. US drugmaker Regeneron has agreed to buy 23andMe out of bankruptcy, and the EU and the UK have announced a deal to âresetâ their relationship at a summit in London.
Mentioned in this podcast:
Trump leaves Russia and Ukraine to settle war in talks
US borrowing costs climb after Moodyâs downgrade
23andMe sold out of bankruptcy to Regeneron
UK-EU post-Brexit reset: the key points
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs 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.
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The UK is holding its first summit with the European Union since Brexit, and US authorities are preparing to announce one of the biggest cuts in banksâ capital requirements in more than a decade. Plus, European leaders are hoping to influence US President Donald Trump ahead of his call with Russian President Vladimir Putin, and China is on its way to becoming the worldâs first âelectrostate.â
Mentioned in this podcast:
UK and EU reset talks go âdown to the wireâ
Europe races to influence Trump ahead of Putin call
US poised to dial back bank rules imposed in wake of 2008 crisis
How Xi sparked Chinaâs electricity revolution
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the FTâs acting co-head of audio. The showâs theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Within the space of one week, US President Donald Trump endorsed tax increases for Americaâs top earners and promised to slash drug prices by up to 70 per cent. Itâs a platform that echoes former presidential candidate Bernie Sanders and others on the political left. So why are we hearing it from Trump, and why now? FTâs Washington bureau chief James Politi and global business columnist Rana Foroohar are on the show to discuss.
Subscribe to the new Swamp Notes feed here.
Mentioned in this podcast:
Trump leans left in bid to revive flagging poll numbers
Why âMake Hollywood Great Againâ makes sense
Sign up for the FTâs Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Sonja Hutson and Pierre Nicholson.
CREDIT: clip from Forbes
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Japan has signalled it is prepared to hold out for a better deal with US President Donald Trump over trade tariffs, and investor Bill Ackman is trying to create a rival to Berkshire Hathaway. Plus, Polandâs election this weekend is shaping up to be a turning point, not only for domestic politics, but also for the war in Ukraine.
Mentioned in this podcast:
Japan to hold out for better trade deal with US
Can Bill Ackman create a âmodern-dayâ Berkshire Hathaway?
Polish women turn on Donald Tusk over abortion rights
Vladimir Putin and Donald Trump cast shadow over Polandâs election
Todayâs FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FTâs acting co-head of audio. The showâs 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.
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