FT News Briefing

Read a transcript of this episode on FT.com https://www.ft.com/content/4f159e0e-06fa-4610-8768-4807a47b6fbe China is preparing a blacklist that could tightly restrict the main channel technology start-ups use to attract international capital, and the US is pressuring Germany to block Russia’s Nord Stream 2 gas in the event that Vladimir Putin invades Ukraine. Plus, the FT’s hedge fund correspondent, Laurence Fletcher, talks about Elliott Management, one of the most “fearsome” activist hedge funds.  China to tighten rules for tech companies seeking foreign money https://www.ft.com/content/7689489c-cdad-4596-a7c6-0774ed68bf5a US demands halt to Nord Stream 2 if Russia invades Ukraine -with Max Seddon  https://www.ft.com/content/d1ed75b0-338f-42f8-836b-f94cb00670ca Activist investor Elliott attacks SSE over renewable energy plans -with Laurence Fletcher  https://www.ft.com/content/68faf5d2-ae6a-4391-aa64-3ca8ace45715 Chinese marriages fall to 13-year low as demographic crisis brews https://www.ft.com/content/f0fe5b5e-6a0f-4b39-b457-db07294c696f The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/0c162b9e-4c9a-40bf-ab48-a6d5f9830f6e A sustained rally in the price of carbon allowances could prompt UK government intervention, Germany’s new government is prioritising climate goals, and the FT’s European technology correspondent, Madhumita Murgia, reports on academics’ struggles to access Facebook data that they need in order to find out more about the social effect of the company’s platforms. Carbon price surge triggers UK market mechanism https://www.ft.com/content/4b4631ac-92fa-47da-9d81-1c01aa185cd0 Olaf Scholz plots a way round Germany’s debt rules - with Guy Chazan  https://www.ft.com/content/7f035d83-a85f-4a42-b81c-0d61af37e4fa Investigating Facebook: a fractious relationship with academia - with Madhumita Murgia  https://www.ft.com/content/1f409239-9e4a-4988-b6fa-cad4dbe7c344 Ghosn brands Nissan ‘visionless’ as electric vehicle plan falls flat  https://www.ft.com/content/b7dd2398-a338-4fef-ad54-b1272e916651 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/6842cbfd-af06-459d-80cb-e62f68db910c Several of Toshiba’s biggest shareholders accuse the conglomerate of failing to fully pursue talks with private equity buyers and plan to vote against a company proposal to split into three separate businesses, European auto suppliers say half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, and Tesla’s outsized influence in financial markets may not be due to its market capitalization but what FT global finance correspondent Robin Wigglesworth calls the “Tesla-financial complex.”   Toshiba shareholders accuse conglomerate of overlooking privatisation bids https://www.ft.com/content/f284fdaf-a900-4af4-920c-5c42091b19db European auto suppliers warn shift to electric would put 500,000 jobs at risk - with Joe Miller  https://www.ft.com/content/1e0040c9-aab2-4881-828b-e992f23a9f3e The ‘Tesla-financial complex’: how carmaker gained influence over the markets - with Robin Wigglesworth  https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0 Singapore suspends crypto exchange over spat with K-pop group BTS https://www.ft.com/content/eea3a969-0dbd-4894-a049-1f566ef1660e The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Do we need another Princess Diana film? Maybe we do, actually. This weekend, we’re talking about new ways to see old things. Lilah speaks with director Pablo Larraín, who our film critic calls ‘one of the most consistently interesting directors in cinema today’. He explains the creative process behind his new film Spencer, starring Kristen Stewart as Diana. Then, we ask the question: what is up with the House of Lords? The FT’s political editor George Parker explains why one of the world’s most prominent democracies has an entirely unelected house of legislature, with some seats passed down hereditarily to eldest sons. --------------------- We want your cultural predictions, wishes, or questions for 2022! Share them with Lilah and FT Magazine editor Matt Vella by December 12. Here’s what to do: Open the voice memo app on your phone. Get close to the mic and say your name, where you’re from and your prediction, then email it to ftweekendpodcast@ft.com. You can write to us, too. But you’re going to sound great on tape, we promise. --------------------- Go to http://ft.com/weekendpodcast for a special discount on an FT subscription! --------------------- Links from the episode:  –Film critic Danny Leigh’s interview with Pablo Larraín: https://www.ft.com/content/87efb3c2-82ee-11ea-b6e9-a94cffd1d9bf –Spencer review: https://www.ft.com/content/e05684d2-9161-4fdd-94cf-7d8f4576ffaa  –George Parker on the House of Lords: https://www.ft.com/content/d5aebb99-0316-41a9-b19a-505713e4fb41 –Last year’s predictions — forecasting the world in 2021: https://www.ft.com/content/cbfe6821-c70b-4e4d-977b-979bfe929fd3  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/e596c61d-a93c-48e6-8a16-c3b67d1f3f17 Saudi Arabia has agreed to keep increasing monthly crude oil production following a charm offensive by Biden administration officials, the US is delaying a deal to remove Trump-era tariffs on UK steel and aluminium, and Brazil’s economy has entered a technical recession but its finance minister remains bullish about his economy. Plus, FT Weekend deputy editor, Esther Bintliff, talks about the magazine’s 2021 list of the 25 most influential women.  Opec+ sticks with oil supply increase after US overture to Saudi Arabia https://www.ft.com/content/ef94213b-4b7f-44de-903e-1b48d35213ab Brexit fears hold back US-UK trade deal https://www.ft.com/content/608e5634-9894-449d-9a09-4f903f0e7169 Brazil’s finance minister vows ‘fight to the end’ to save reforms https://www.ft.com/content/933c9809-4055-4c3b-b14a-00700630e5bb The FT’s 25 most influential women of 2021 https://www.ft.com/womenof2021 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/79f693ec-50d9-42d0-94af-b8b5d9d8d931 The US-based Women’s Tennis Association says it will suspend its tournaments in China over Beijing’s handling of tennis star Peng Shuai and her sexual assault allegations; the rapid growth of multi-manager hedge funds has unleashed a fierce battle for talent and driven compensation for top traders sky-high; a local dispute in France over an offshore wind farm has spiralled into a polarising national election issue; and Iran’s historic city of Isfahan has been the site of big protests over a shortage of water.   WTA suspends tennis tournaments in China over Peng Shuai case https://www.ft.com/content/c827fb41-e5fe-49cf-a31c-aa99b4a56d2e Hedge funds wage pandemic battle for talent  https://www.ft.com/content/241505c0-daf8-4ea7-b727-b0ba774c00fa France: the battle over wind power stirs up the election https://www.ft.com/content/29cb5f2b-9b09-49bf-b306-c3a782191f6c Iranian water protests a ‘wake-up call’ for regime https://www.ft.com/content/1f484ccb-794c-4122-bd29-be15e75fe0bb The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/5810c0fd-5325-4b58-93d6-4790d00956ad Jay Powell signalled his support for a quicker withdrawal of the Federal Reserve’s massive asset purchase programme, and the world’s biggest clothing retailer, Inditex, has named the 37-year-old daughter of its founder as the company’s new chair. Plus, Robin Wigglesworth, the FT’s global finance correspondent, explains why markets might be more fragile than many people think.  Powell signals support for quicker ‘taper’ of Fed’s bond buying scheme https://www.ft.com/content/181021d7-9dc4-4a55-a8e9-d5ae26e8e5c1 Markets are more fragile than investors think https://www.ft.com/content/c25bd7df-0f13-4bb1-94b3-e36ed8fb2b97 Inditex shares fall after it appoints founder’s daughter as chair https://www.ft.com/content/57283cb1-20d8-43a7-85aa-6ca59a49099c Morrisons ditches soya for insects in chicken feed to hatch carbon neutral eggs https://www.ft.com/content/ce180ed3-67c5-4e47-91e3-32049866cae1 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/b6aa92ea-4a07-4423-acbe-deacad5313a5 Twitter co-founder Jack Dorsey stepped down as the company’s chief executive on Monday, and an activist investor has called on commodities giant Glencore to spin off its thermal coal business. Plus, the FT’s global pharmaceutical correspondent, Hannah Kuchler, explains how Pfizer came to dominate the market for Covid jabs and what the concerns are about the company’s market power.  Activist calls on Glencore to spin off coal assets https://www.ft.com/content/6f5a8c43-76d4-4843-a15e-47bc767ec6d8 Jack Dorsey resigns as Twitter chief executive https://www.ft.com/content/bf45fd08-51d1-41bb-82cd-b3157a5da055 The inside story of the Pfizer vaccine: ‘a once-in-an-epoch windfall’ https://www.ft.com/content/0cea5e3f-d4c4-4ee2-961a-3aa150f388ec The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/f39ef841-2756-40c4-9da5-487316beac2e Countries are imposing new lockdowns and travel restrictions to try and contain the new Omicron coronavirus variant, and the UK’s competition regulator is expected to try and reverse Meta’s acquisition of online gif platform Giphy. Plus, the FT’s Tehran correspondent, Najmeh Bozorgmehr, offers a view from Iran as the country prepares to sit down with Western powers in Vienna this week for talks intended at reviving the moribund nuclear accord.  Nations race to contain Omicron variant as more cases detected https://www.ft.com/content/2da44fcf-99f7-43a8-b4b0-c3c1d4782cf3 UK regulator expected to block Meta’s $400m Giphy deal https://www.ft.com/content/662c8e3f-4909-4bec-9131-c0237bb4897d Iran’s Raisi under pressure to deliver as patience frays https://www.ft.com/content/6ea22507-55c2-47d1-95c0-111ef1496163 Ghislaine Maxwell trial set to shed light on Epstein misdeeds https://www.ft.com/content/58d5b0f8-c711-4bc8-b51a-6ce00bbeeeee The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  See acast.com/privacy for privacy and opt-out information.

What do you think of when you hear the words ‘British food’? This week, to celebrate the FT Weekend Magazine’s food and drink holiday special, we’re digging in. Food critic Tim Hayward praises modern British cuisine and challenges his compatriots to be proud of their food culture. Our team visits one of the last standing eel and pie shops in London to explore how culinary traditions survive. Then, Lilah learns a great holiday cocktail from one of Brooklyn’s best mixologists, Shannon Mustipher, author of Tiki: Modern Tropical Cocktails and the first African-American bartender to write a cocktail recipe book in 100 years. If you want a great discount on an FT subscription or a $1 month-long trial, go here: http://ft.com/weekendpodcast -------------------------- Links from the episode: — Tim Hayward on how Britain overcame its culinary cringe: https://www.ft.com/content/5e718d4e-140f-4991-9dd1-2779d64732c5 — Tim in this weekend’s Magazine Food and Drink Special, about the merry hell of Christmas: https://www.ft.com/content/fb718958-a556-42bb-9ac9-33b394f8fc52 — The 25 best hotel bars in the world, including Lilah’s recommendation: https://www.ft.com/content/a51b0215-344e-4aa0-b3b4-c5a78ddd8299 — Shannon Mustipher’s book, Tiki: Modern Tropical Cocktails: https://www.rizzoliusa.com/book/9780789335548/ — You can explore the whole magazine issue here: https://www.ft.com/magazine Shannon’s cocktail: Tha God’s Honest Truth, inspired by El Diablo 1.75 oz Casa Dragones Tequila Blanco, 1 oz Ginger Beer (with low sugar content, like Fever-Tree), .75 oz Hisbiscus Syrup, .75 lemon Juice. Combine all but ginger beer in a shaker with ice. Shake and strain into a chilled Collins glass. Tip off with ginger beer, garnish with a lime wheel, then serve. Sorrel (Hisbiscus) Syrup 500 ml water, 500 ml sugar, 2 -3 cinnamon sticks, 5 whole cloves. In a saucepan, toast the cinnamon and cloves for 2 minutes, until aromas are released. Add the water and bring to a soft boil (don’t over-boil). Add the sugar, reduce to a low simmer and whisk briskly to dissolve. Add ¾ cup dried hibiscus and simmer for 30-45 minutes, until desired flavor extraction is achieved. To serve: Strain out the solids and chill prior to use. -------------------------- Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. Mixing and sound design by Breen Turner, with original music by Metaphor music.  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/5074f2b1-fd14-490a-9234-3027d565adc9 President Joe Biden has authorised the release of 50m barrels of oil “over the coming months” from the US strategic petroleum reserve in a move co-ordinated with China, India, Japan, South Korea and the UK to drive down fuel prices and FT Video journalist and producer Donell Newkirk discusses his FT documentary on the evolution of the music industry.  US to release 50m barrels of oil from reserves - with Derek Brower  https://www.ft.com/content/4e7f2590-1a4f-4792-9e64-eafabdef6534 How to make money in the music business - with Donell Newkirk https://www.ft.com/video/cae8ce65-9639-4c9d-978c-b5759d0774f5 Radiohead’s interactive ‘exhibition’ pushes music and games into new territory https://www.ft.com/content/eb18c19a-d568-4436-991c-d4e302a3cdc0 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/e83a0e51-9195-4c95-8f0b-263f97794302 Joe Biden has nominated Jay Powell to serve a second term as chair of the Federal Reserve, opting for continuity as the US economy grapples with persistently high inflation and a patchy labour market recovery; China’s hypersonic weapons test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound, a capability no country has previously demonstrated and one that caught Pentagon scientists off guard.  Joe Biden nominates Jay Powell for second term as Fed chair https://www.ft.com/content/9e9540a2-2ba8-4e0e-84d8-a1945c20453a Chinese hypersonic weapon fired a missile over South China Sea, Pentagon struggles to understand how Beijing mastered technology https://www.ft.com/content/a127f6de-f7b1-459e-b7ae-c14ed6a9198c Uber to sell cannabis to customers in Canada https://www.ft.com/content/22855150-d04c-4f43-adb1-f066c170555a The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/db10452c-ddf2-445a-a28f-34253506c142 Saudi Arabia has an ambitious goal to increase domestic military production as part of Crown Prince Mohammed’s plan to diversify the oil-dependent economy, video game maker Electronic Arts and football governing body Fifa are in a bitter dispute over the value of the Fifa name that could end their lucrative sports licensing partnership, and the FT’s international business editor Peggy Hollinger says Russia’s destruction last week of one of its old satellites adds to the risk of debris colliding with spacecraft.   EA and Fifa’s 30-year video game union at risk in battle over name - with Murad Ahmed https://www.ft.com/content/433c3af7-6ea1-4c7f-ab94-94a431aec2d4 Russian satellite debris is a wake-up call for emerging space industry - with Peggy Hollinger  https://www.ft.com/content/c27d6560-8641-4f0c-926b-8278de737206 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.

FT Weekend is a weekly Saturday show that brings the best of our Life & Arts journalism into audio form. You can follow it on its own feed at 'FT Weekend'. This week, we talk about conversation. Columnist Enuma Okoro explores what makes certain conversations feel good. Lilah and US Managing Editor Peter Spiegel chase the mystery of who actually wrote the US constitution along with esteemed historian William Ewald. And Ruby Wax, the iconic celebrity interviewer of the 90s, tells us how she got stars good and bad—from the Spice Girls to Bill Cosby—to open up and show us who they really are. Links from the episode: — The FT’s best books of 2021 (paywall): https://www.ft.com/booksof2021 — Enuma Okoro on the art of conversation: https://www.ft.com/content/7ea1d669-a490-418e-a4a0-5aa04175657a  — Watch Lilah’s full conversation with Ruby Wax: https://www.youtube.com/watch?v=E317YWBFyws  — Watch a lecture by UPenn law and philosophy professor William Ewald, on forgotten founding father James Wilson: https://vimeo.com/521928817 — Ewald’s published articles about Wilson: https://scholarship.law.upenn.edu/do/search/?q=author_lname%3A%22Ewald%22%20AND%20author_fname%3A%22William%22  Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. If you want a great discount on an FT subscription or a $1/£1/€1 month-long trial, we’ve got you: http://ft.com/weekendpodcast  Mixing and sound design by Breen Turner, with original music by Metaphor music. ‘Yankee Doodle’ was performed by Carrie Rehkopf. Clips of Ruby Wax are from BBC.  See acast.com/privacy for privacy and opt-out information.

Read a transcript of this episode on FT.com https://www.ft.com/content/896cc408-68c4-4fd1-960b-85bb18843384 Ford and General Motors said on Thursday that they are improving links with semiconductor manufacturers to improve their supply of electronic chips as the car industry confronts a shortage. Some foreign companies are still investing in Turkey despite the country’s ailing economy. Plus, the FT’s markets editor, Katie Martin, explains why the euro is losing value against the US dollar and why it could potentially make inflation worse.  Ford and GM pursue ties with semiconductor groups to boost chip supply https://www.ft.com/content/06252ac7-5b10-45d8-834f-c7180722bda0 Euro hit by bets ECB monetary policy will diverge from major peers - with Katie Martin  https://www.ft.com/content/f09a8ba8-c196-46d0-8fe7-15d6ae64364f Turkey defies warnings and cuts interest rates https://www.ft.com/content/2db0434d-2851-4485-850d-06cfca32ff22 FT News Briefing wins Gold and a People’s Lovie Awards: https://winners.lovieawards.com/?_ga=2.160925368.480629916.1637093197-697055072.1634666649#!p=118 The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.   See acast.com/privacy for privacy and opt-out information.