FT News Briefing

Read a transcript of this episode on FT.com https://www.ft.com/content/eb7eaf32-597e-403a-bb3c-71290113ad92 US President Joe Biden has called on the Federal Trade Commission to investigate whether the country’s biggest oil companies are engaged in “potentially illegal conduct”, the euro fell to its lowest level in 16 months this week as currency markets bet on divergence between the ECB and other major central banks. Plus, the market capitalisation of electric vehicle upstart Rivian has surpassed that of VW and FT global motor industry correspondent Peter Campbell explains why investors are piling into EV shares.  Joe Biden demands probe of ‘potentially illegal conduct’ in oil sector - with Lauren Fedor  https://www.ft.com/content/66df689f-8a8e-4adb-a57a-664142c8be46 Euro hit by bets ECB monetary policy will diverge from major peers https://www.ft.com/content/f09a8ba8-c196-46d0-8fe7-15d6ae64364f EV maker Rivian eclipses Volkswagen in value while Lucid overtakes Ford - with Peter Campbell https://www.ft.com/content/a0575122-404d-4d11-b54b-f1af77733a4e Staples Center in Los Angeles to be renamed Crypto.com Arena - with Sara Germano https://www.ft.com/content/0e4af0d3-0ae9-48c5-8aee-9a1a9a5721a4 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/e08f700a-75e9-427d-b360-2a7c99c3fb24 Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions as US anxiety grows over China’s expanding nuclear arsenal and its recent test of a hypersonic weapon, Germany’s energy regulator said it had “temporarily suspended” certification of the Kremlin-backed Nord Stream 2 pipeline, and today a high stakes trial involving the Holy See’s investments in a London property development is set to resume in a court in the Vatican.  US and China agree to hold talks on nuclear arsenals https://www.ft.com/content/6e8ad43b-0bb8-4d03-b768-dcb534589841 Germany suspends certification of Nord Stream 2 pipeline - with Erika Solomon https://www.ft.com/content/a5141b69-0655-48b2-a53a-76d841b02702 Vatican cardinal goes on trial in landmark financial corruption case - with Miles Johnson  https://www.ft.com/content/9ead42bd-d6bb-4b02-b160-00cfd0e400f3 UK ad watchdog investigates ‘meme coin’ Floki Inu’s London marketing blitz https://www.ft.com/content/741bc6ac-74cc-405b-a9f3-93d2a98bfeca 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/fe1805b2-ef2f-48b4-9ca3-37e8c5f82e11 The use of brand new “virgin” plastics by some of the world’s largest brands has peaked and is on track to fall significantly by 2025, US coal prices have jumped to their highest level in more than 12 years. Plus, the FT’s business columnist, Helen Thomas, explains why Royal Dutch Shell is leaving Amsterdam for the UK.  Global brands’ use of ‘virgin’ plastics on track for significant drop by 2025 https://www.ft.com/content/c4a4e31d-dbe2-4a54-b059-88d175bef5f2 ​​US coal prices jump to highest level since 2009 https://www.ft.com/content/180e4544-6448-48d2-a347-5f9d27b43d61 Dutch government scrambles to keep Shell in Netherlands https://www.ft.com/content/6339b89b-af46-480f-b34e-8c7fb6ae1e60 Oatly shares tumble as plant-milk maker warns on revenues https://www.ft.com/content/a17345bc-9306-44ca-8e6c-26fc071166cc 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/42928696-226a-4d50-9a49-4ee16f8b107f Beijing has accused the EU of risking damage to world supply chains by throwing up regulatory and trade hurdles to foreign businesses, and the COP26 UN climate summit in Glasgow led to an agreement among 197 countries on new rules for limiting greenhouse gas emissions. Plus, the FT’s EU correspondent, Andy Bounds, explains Article 16 and why the Brexit deal could unravel over Northern Ireland.  China accuses the EU of threatening global trade https://www.ft.com/content/9c9dbc9e-1d33-4e41-9c79-b0df51cd678e COP26 agrees new climate rules but India and China weaken coal pledge - with Emiliya Mychasuk  https://www.ft.com/content/c891d4af-f80b-48f0-8b6f-a8763655c936 Northern Ireland Brexit deadlock: what is Article 16 and what happens if it is triggered? - with Andy Bounds  https://www.ft.com/content/b09a58c0-27fb-4453-a6a0-1f2cd74b9ea2 Premier League closes in on record sale of US TV rights https://www.ft.com/content/1cb410ac-983d-43da-bd1e-e4faa808d157 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 weekend journalism into audio form, with everything from culture and food and the arts, to nuanced questions and big ideas. In this episode, we ask the question: what does it mean to defy death? Rock climber Leo Houlding tells us about his terrifying family holidays, scaling vertical cliff-faces with his two young kids. We also explore radical life extension with science writer Anjana Ahuja. How close are we scientifically to extending the human lifespan to 150 or 200? What are the implications when we get there? And do we really want to live forever? PLUS: inside the luxury life extension market, with How to Spend it writer Tiffanie Darke.  Links from the episode: — Leo Houlding’s extreme family holiday in Wyoming’s wild west: https://www.ft.com/content/0bcba30a-bb46-4bc1-8a7d-9166dc43a5e8 — Anjana Ahuja on whether we can live forever: https://www.ft.com/content/60d9271c-ae0a-4d44-8b11-956cd2e484a9 — Inside the life extension market, with Tiffanie Darke: https://www.ft.com/content/867e647b-c0e8-4aeb-9777-fedff7ec3476 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.  See acast.com/privacy for privacy and opt-out information.

Toshiba has ruled out pursuing a deal to take the whole company private and is set to reveal a plan to split the business in three, and Facebook’s whistleblower is calling on the UK and EU to do more to control online harm. Plus, the FT’s markets editor, Katie Martin, will dive into the latest US inflation report and Elon Musk’s sale of 10 per cent of his Tesla shares.  Toshiba rules out deal to take whole group private https://www.ft.com/content/045c6366-3c54-4462-89b4-95246122c948? Facebook whistleblower warns UK and EU to do more to control online harm with Madhumita Murgia  https://www.ft.com/content/dcc9c9bf-2abe-4167-aaac-efc067d5a359 VIDEO: Facebook whistleblower on 'harmful but legal' content | FT interview https://www.ft.com/video/19aaadc2-a12a-4404-81c7-384a6c63fb49 Inflation is bad, but not worse - with Katie Martin  https://www.ft.com/content/201ab9be-60f5-4ed1-88be-58639e89f4c8 Elon Musk offloads nearly $5bn in Tesla shares https://www.ft.com/content/c88eaf9f-6d56-4cb3-9fd5-22847835f73b 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/7d4a1b33-d4a4-4bff-a305-23c082be7c57 US consumer prices jumped in October at the fastest pace in three decades, and shares of electric truck startup Rivian soared on its first day of trading. Plus, the FT’s Latin America editor, Michael Stott, explains why Colombia’s president is castigating cocaine users for their role in destroying the Amazon rainforest.  US consumer prices rise at fastest pace in three decades - with Colby Smith https://www.ft.com/content/5a5a7e5f-4207-4de1-9432-002f96de67bb Electric vehicle start-up Rivian soars on stock market debut - with Dave Lee https://www.ft.com/content/e2fb010f-0d29-4e80-8ad7-797973d463f7 Colombia’s president says cocaine users culpable in Amazon destruction - with Michael Stott https://www.ft.com/content/375f07cd-4c3b-404a-b812-1b81dca7c1c7 Disney’s streaming growth disappoints in fourth quarter https://www.ft.com/content/9d8fedd1-36db-45c8-8596-dce1905ec6f7 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/5656f24c-a8db-4626-bd6f-c2ab0aa4aa8c General Electric plans to break into three separate companies after years of trying to respond to flaws in its business model exposed by the financial crisis, China’s President Xi Jinping is paving the way for his unprecedented bid for a third term in power. Plus, the FT’s investment correspondent, Attracta Mooney, explains why a growing number of asset managers are getting tougher on companies in their portfolios to address climate change.  30-day free trial of the Moral Money newsletter:  http://www.ft.com/cop26podcast GE to split into healthcare, energy and aviation companies - with Andrew Edgecliff-Johnson https://www.ft.com/content/fb73e702-e885-4c20-8857-ddd29dc623af Xi lays groundwork for third term by adopting Mao and Deng’s power play - with Tom Mitchell  https://www.ft.com/content/71b165a6-052d-4d7d-9006-e2e757f40d98 Stay or sell? The $110tn investment industry gets tougher on climate - with Attracta Mooney  https://www.ft.com/content/ee08d61d-4c98-4398-9971-93036d67e91e 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/64380f52-df32-4ad7-b2b6-fec42ee95ce1 Federal Reserve governor Randal Quarles’ decision to leave the US central bank next month creates yet another opening for the Biden administration to fill amid uncertainty about the institution’s leadership, Tesla shares fell nearly 5 per cent on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. Plus, SoftBank founder Masayoshi Son has promised an $8.8bn share buyback programme over the next 12 months.  30-day free trial of the Moral Money newsletter:  http://www.ft.com/cop26podcast Tesla shares slide after Musk’s Twitter poll backs stake sale - with Richard Waters  https://www.ft.com/content/2ac226d6-0eba-4f97-91c1-fb70076c20b0 Fed governor Randal Quarles to leave post next month - with James Politi  https://www.ft.com/content/6e312624-0399-4d76-85e9-80e61f1f8c91 SoftBank unveils $8.8bn share buyback following investor pressure - with Kana Inagaki  https://www.ft.com/content/ca7df7d4-7e7e-43b2-85d6-36432d0d9d66 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/e9bcbc06-e603-4baf-b5d1-fd8603103bb5 French authorities have opened an investigation into the French operations of UK metals magnate Sanjeev Gupta, and President Joe Biden is moving ahead with his next bill on his ambitious legislative agenda while struggling to revive his political fortunes. Plus, the FT’s Money Clinic podcast host, Claer Barrett, talks about the financial minefields that young British footballers often fail to navigate.  30-day free trial of the Moral Money newsletter:  http://www.ft.com/cop26podcast French prosecutors investigate Sanjeev Gupta’s business empire https://www.ft.com/content/b9debac5-bf40-4392-ab9f-2bdb70dcae28 Biden seeks course out of doldrums after US legislative victory - with Lauren Fedor  https://www.ft.com/content/fa0282fd-e8dc-43f1-8222-39e1efdc262e The financial secrets of footballers, part one - with Claer Barrett  https://www.ft.com/content/962ee94e-1b6d-4631-a6ab-08ff3abea724 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/d6716d79-4cbd-4955-b07b-64740a4a6d5b The White House has said Opec+ risks imperilling the global economic recovery by refusing to speed up oil production increases, and SoftBank founder Masayoshi Son is facing pressure to announce a new stock buyback programme next week. Plus, the FT’s markets editor, Katie Martin, explains how inflation has complicated the relationship between markets and central banks.  30-day free trial of the Moral Money newsletter http://www.ft.com/cop26podcast White House says Opec risks imperilling economic recovery - with Derek Brower  https://www.ft.com/content/4a2fc7b2-c963-4418-9997-d1bf203c3a35 SoftBank under pressure from investors to prop up share price ​​https://www.ft.com/content/d5fe83e9-f663-4cdb-90b6-6663683c6ba1 Global bonds rally strongly after Bank of England leaves investors ‘wrongfooted’ - with Katie Martin  https://www.ft.com/content/a9c896fc-34a4-44a9-9499-085c3f5c40ec 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/22e5487a-3e75-46db-abf0-c8e5e5fd7ad4 The Federal Reserve said it would begin scaling back its massive $120bn monthly bond-buying programme this month, the British government has approached Qatar with the intention of the Gulf state becoming a gas “supplier of last resort”, and Iran will resume stalled talks on November 29 with global powers aimed at reviving the country’s ailing nuclear deal. Plus, the FT’s Latin America editor, Michael Stott, explains why Argentina is having a hard time coming to an agreement with the IMF during debt negotiations.  30-day free trial of the Moral Money newsletter:  http://www.ft.com/cop26podcast Fed to start winding back $120bn-a-month stimulus programme - with Colby Smith  https://www.ft.com/content/d10c157f-5530-48a0-9c5f-afed19057d8a Iran talks over nuclear deal to restart on November https://www.ft.com/content/aa012e45-e2b6-4a65-840d-591450260e0f Argentina hardens stance against IMF as debt renegotiations bog down - with Michael Stott  https://www.ft.com/content/814e0898-30d5-4b4f-b468-dddfd447af7c 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/44757917-71f4-4699-8bde-49ebd15feebe Banks have watered down climate pledges and continued to finance the fossil fuel industry in the six years since the Paris accord was signed, and Gulf states are making net zero carbon emission pledges but say they need to keep oil flowing to fund their green energy transitions. Plus, the FT’s US editor-at-large, Gillian Tett, explains how private institutions are stepping up to fund the fight against climate change.  30-day free trial of the Moral Money newsletter:  http://www.ft.com/cop26podcast   Banks face accusations of greenwashing as global warming fears mount https://www.ft.com/content/0ea3267c-d61f-4120-a976-0b81b60836c5 Climate finance: where does all the money go? https://www.ft.com/content/d9e832b7-525b-470b-89db-6275853315dd Gulf states push for net zero but warn ‘we can’t just switch off the tap’ https://www.ft.com/content/fbc33e10-fc4f-481e-8516-52a6bcf9dec3 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/d5d05648-ea0e-4c8a-ac0f-daad0d8ce5fb World leaders warned of severe consequences of nations failing to strike deals to limit global warming at the opening session of the Glasgow COP26 UN climate conference, and Barclays’ chief executive Jes Staley is stepping down following a regulatory investigation into the way he described his relationship with disgraced financier and sex offender Jeffrey Epstein. Plus, the FT’s chief business columnist explains why Apple’s new privacy policy demonstrates the power it has over its rivals.  FT COP26 live blog:  https://www.ft.com/content/e9f81272-3986-44de-9715-e83ec9be2bd2 COP26: A moment of truth https://www.ft.com/content/71e84776-862f-476d-a795-be6f85d8e25d Barclays chief Jes Staley to step down following Epstein investigation https://www.ft.com/content/9b778298-e1ab-4c5c-b03f-f73ecaee0117 Apple has too much power over its rivals https://www.ft.com/content/94d9f964-10d8-4ff3-9781-821f3fc9ee3a 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/24a0e0ed-749d-4b6e-adbd-1f3c3a6cadb3 The FT’s clean energy and environment correspondent, Leslie Hook, has a curtain raiser on COP26, the most important climate summit since the 2015 Paris agreement. Plus, the FT’s US financial commentator Rob Armstrong and US editor- at-large and Moral Money newsletter founder Gillian Tett go head-to-head in a debate over whether investing in environmental, social and governance causes can really change the world.  COP26 summit is a pivotal moment for the planet - with Leslie Hook  https://www.ft.com/content/6ad9c521-b5ae-4876-be89-97d978485d48 The ESG investing industry is dangerous - with Robert Armstrong https://www.ft.com/content/ec02fd5d-e8bd-45bd-b015-a5799ae820cf Gillian Tett explains ESG's importance - with Gillian Tett  https://www.ft.com/video/eba8dff7-ae9e-47db-b054-c8ed52ad8e79 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.